Duurzaam beleggen is mainstream geworden. Met de stijgende vraag naar duurzame beleggingsmogelijkheden is ook de keuze in duurzame beleggingsfondsen enorm toegenomen. Tegelijkertijd is het onduidelijker dan ooit wat duurzaam beleggen precies inhoudt. Waarin beleggen duurzame fondsen en dragen ze daarmee
We willen u graag uitnodigen voor een middag waarin specialisten van verschillende onderdelen binnen State Street u bijpraten over de macro-economie, positionering van beleggers en real-time inflatiedata. Daarnaast komen ook de trends in de ETF markt en het beheren van
Our views for the coming months After a strong start of the year, with EM sovereign bonds up 7.6%, EM corporate bonds up 6.8% and EM local bonds up 3.0% in USD terms, we expect carry to be the primary
We continue to believe that there is sufficient political will for the U.S. to stay the course regarding the trade conflict with China. While our base case is for the Federal Reserve to remain on hold, if the trade situation
In Credit June Yields have plunged in the US, Europe and the UK. Hopes of a successful resolution to the trade dispute between the US and China have been replaced by increasing intransigence from both sides and the threat of
CEE currencies became more attractive as the lack of room to ease rates domestically met with decreasing rate expectations on major markets. The Czech koruna seems to be the slight exception, as rate expectations are also easing there, given the
Asia ex Japan’s economy has been growing steadily and remains one of the fastest growing major regions in the world. The region is expected to grow at 5.7% in 2019, while G7 economies will grow at just around 1.6%. Asia’s
Invesco Fixed Income Investment Insights In September 2018, China's BRI marked its fifth birthday. The BRI seeks to forge new trade and investment ties across Europe, Asia, Africa, the Middle East and Latin America and is becoming increasingly relevant to
The Question Remains: Zero Real or Zero Nominal Yields? In our last interest-rate focused paper (Fall 2018), we hypothesized that G3 rates were temporarily boosted by fears of an acceleration in growth and an associated normalization of central bank monetary
Fixed Income Perspectives As expected, at its April–May meeting the Federal Open Market Committee (FOMC) voted unanimously to hold the Fed funds rate steady in the 2.25–2.50% range. The few changes to the press release language acknowledged the solid economic
Since early 2016, US HY default rates have experienced a sort of “mini –cycle”, peaking at the end of 2016. Nevertheless, the recent rise and fall movements appear mostly commodity driven: default rates would have remained fairly stable if energy
In the space of just 12 months, markets have switched from expecting interest rate rises to expecting interest rate falls. Broadly speaking, this means 2019 should be a good year for fixed income. But investors are treading a fine line
Weekly Bond Bulletin Trade rhetoric is dominating news flow, weighing on risk assets. What could be the implications for US growth and inflation, and how is the outlook reflected in valuations?
The Economy Keeps Improving and Spreads Keep Tightening The good macroeconomic news continues to flow, including healthy GDP growth, strong corporate earnings, and a continued dovish stance by the Federal Reserve. Specifically, the US economy expanded by 3.2% in the
Macro/government bonds It has been a busy couple of weeks in terms of economic data releases, though core government bond markets have not moved appreciably on this type of news. Rising trade tension rhetoric between the US and China, as
USA and China remain in escalation trajectory The trade conflict between the USA and China has reached a new level of escalation. In reaction to the punitive tariffs of 25% on Chinese imports coming into effect last Friday, China has
The FIXED INCOME MONTHLY provides a forward-looking summary of the medium-term views from the Fidelity Fixed Income team. Our investment approach is multi-strategy, with portfolio managers given clear accountability and fiduciary responsibility for all investment decisions in a portfolio. Given
Medium and Long-Term Return Forecasts | Q2 – 2019 Our medium-term baseline scenario is that of a late business cycle slowdown followed by a probable mild economic recession in the next three to five years. According to our calculations, the
Europe Insights Due to take place on 23-26 May, the European Parliamentary (EP) elections are approaching fast. The final results will be communicated in the evening of 26 May At the time of writing, if polls are correct (1), the
Securitized debt offers underlying fundamental diversification We believe investors should diversify their portfolios across the fixed income risk spectrum to seek to manage risk and optimize returns, and that securitized debt can play an important role in this framework. Within
Escalation or agreements in the trade conflict USA/China? After months of positive signals from the USA and China about an imminent solution emerging from the trade talks, we saw a surprising turn of events last week. US President Trump announced
The consensus recommendation for Investment Grade Bonds is underweight. In April 3 out of the top 10 asset managers have a neutral view and 2 asset managers have an overweight recommendation. So, it is not that simple to say that
A reveille has been sounded in markets that are now experiencing feverish activity as half a decade of torpor gives way to volatility. Glib explanations for the panicked stampede of the recent sell-off – and subsequent rebound – mask the
How ‘late’ are we in the current cycle? Investors have tended to focus on strong economic fundamentals and healthy corporate earnings rather than worrying about the adverse impact of rising interest rates and higher inflation on asset prices. More recently
Sluggish global growth, muted inflation and dovish central banks have seen bond yields fall sharply around the world. Currently, 28% of global government debt has a negative yield. Investors should be cautious of holding government bonds at very low yield
Asset Allocation Consensus Equities June 2019 on Youtube: https://t.co/WD3mMy1JgI
