Kijken we tien jaar vooruit, dan is de grootste groei te verwachten in het oosten. Vooral China wordt een factor van betekenis, nog belangrijker dan het land nu al is. Voor indexbouwer MSCI is deze ontwikkeling aanleiding om de weging van Chinese A-aandelen
Duo lunch presentatie Lead portfolio managers SKAGEN Kon-Tiki en SKAGEN m2 presenteren visieDinsdag 18 juni in Utrecht Graag nodigen wij u uit voor een lunchpresentatie in Utrecht door twee lead portfolio managers van SKAGEN. Fredrik Bjelland van SKAGEN Kon-Tiki zal de ontwikkelingen
Lower for longer in EM? Higher oil prices and renewed trade tensions see largely negative revisions to our emerging markets (EM) forecasts this quarter, though there are few dramatic changes. Idiosyncratic factors are also at work, and in some cases
Ben shares key observations from a recent field trip to China amid rising U.S.-China rivalry and global trade tensions. Rising U.S.-China competition and global trade tensions are increasingly weighing on global stocks and other risk assets. They are also raising
Elga assesses the options the Fed is considering during its monetary policy review. This is the third post in a series of blog posts on the Fed and inflation expectations. The Federal Reserve is considering a monetary policy shift from
Elga discusses the reasons the Fed is conducting a major monetary policy review. This is the second post in a series of blogs on the Fed and inflation expectations. An in-depth policy review at the Federal Reserve is in full
Rick Rieder and Russ Brownback argue that there’s little benefit to “trading the news” today, as prices adjust instantly to highly-transparent information. Rather, investors would do well to follow long-term cash flows, of which the lion’s share is to be
For much of this year, equity markets have enjoyed a healthy climb, assisted by a dovish tilt from central banks, as well as the possibility of a trade deal between the US and China. As we entered May, the S&P
We see income, or carry, reasserting itself as the key driver of bond market returns. Scott explains. Coupon income historically has contributed the lion’s share of total returns across global fixed income markets. Yet declining yields this year elevated the
Op dinsdag 28 mei organiseert Fondsnieuws een masterclass over de noodzaak van selectief beleggen in opkomende markten.
Investors turn to social media for tariff-truce updates ahead of a presidential in-person meeting at the G20 in June. Financial market participants spent much of the week monitoring the Twitter account of the US President in an attempt to decipher
Elga suggests a few investment options that may benefit from a pick-up in European growth and any decline in geopolitical concerns. We continue to prefer a “barbell” approach to risk taking in the late-cycle stage: quality stocks, income-generating bonds and
We see high yield bonds as a key source of income in bond portfolios, and advocate a balanced and diversified approach. Scott explains. Global high yield bonds sold off amid the latest spike in market volatility, along with other risk
Strategy Espresso Regular readers of the Espresso will know that we have been positive on emerging market (EM) local currency debt for some time. Despite escalating trade tensions weighing on market sentiment, we believe this hurdle will be passed, and
Elga explains why politics pose the biggest risk to our base case that European growth should rebound in the second half of this year – and why the European Central Banks’s perceived lack of policy options is also a concern.
For the past 30 years, emerging markets have provided return enhancement and risk diversification opportunities for global equity investors. The ongoing liberalization of the domestic Chinese capital market has the potential to transform the characteristics of the equity segment and
Volatility across markets had been generally low – until last week. Scott offers some thoughts on what it means for investors. Market volatility is low until it isn’t, or so the saying goes. We’ve witnessed a volatility spike over the
With growing uncertainty ahead, Chris discusses ways to navigate markets as summer approaches. “Sell in May and go away” is an old maxim for investors. Evidence is mixed on its validity, but given this year’s rally, the temptation now is
Strategy Espresso At the end of May, MSCI Emerging Markets will conduct their semi-annual index review and rebalance. As per usual, this process will create a certain amount of turnover in the index as companies are added and removed based
The strong performance of risk assets year-to-date has increased focus on the potential returns from a “sell in May and go away” strategy. We explain why such an approach may not be warranted this year for investors in emerging market
Executive Summary Emerging markets debt can continue to perform going forward after a strong start to 2019. Its diversity and growth mean that many concerns are no longer valid. Emerging markets offer many defensive opportunities that have performed similar to
Elga explains the reasons we see a European economic recovery in the second half of the year – including an easing of financial conditions, Chinese stimulus and solid domestic demand. Europe is still holding back global growth, having been a
After a strong first quarter, risk assets continued their rally in April. Equity markets climbed across the regions, while high yield spreads narrowed further. This year’s rebound has been driven by accommodative central banks, the expectation of a recovery in
Executive Summary In our previous paper, “Inside the Engine Room of Emerging Markets Local Currency Debt”, we discussed the differences in behaviour between the three components of return—coupon, price appreciation and currency—and implications for active management. In this paper, we
A consolidation year paving the way for growth In October 2018, the Intergovernmental Panel on Climate Change (IPCC) urged the world to intensify its efforts to combat climate change by meeting the goal of the 2016 Paris Agreement to limit
Asset Allocation Consensus Equities June 2019 on Youtube: https://t.co/WD3mMy1JgI
