In the wake of the Covid-19 pandemic, pension reform has re-emerged as a global concern. The Allianz Global Pension Report 2023, by Allianz, evaluates pension systems' sustainability and adequacy using the Allianz Pension Index (API). Policymakers in industrialized nations focus
The global banking sector is currently facing a challenging time, with banks in the United States adopting a precautionary mode. Meanwhile, the Federal Reserve seems to be prepared to reconcile with a credit crunch, as long as it's not too
This report highlights the evolution of Chinese assets and investors’ allocations to the region. Observation 1 shows that investors outside China have low allocations to the country, with variations depending on their location and investment strategy. Chinese equities and bonds
Global Asset Allocation for Q2 2023: Defensive Approach and Regional Bias toward Emerging Markets The economic cycle analysis suggests a contraction phase, leading to a more defensive approach with more cash and less risk. Within the Model Asset Allocation, the
Introduction: The case for fixed income is strong, but which segments of fixed income should investors consider? The answer depends on their specific needs and objectives. The global macro environment is becoming more supportive and valuations have improved considerably. From
In February, concerns about inflation caused a partial reversal of gains in the stock and bond markets, leading to a convergence between risky and risk-off assets. Strong US jobs and retail sales data, along with higher-than-expected inflation reports, led to
Credit Suisse Global Investment Returns Yearbook 2023 Summary Edition: With the depth and breadth of the financial database that underpins it, the Credit Suisse Global Investment Returns Yearbook has established itself as the unrivalled authority on long-term investment returns. We
Economies appear to be more resilient than expected. A strong US payroll gain in January encouraged talk of a soft landing and provoked a reversal of the recent uptrend in assets. I believe this will prove to be a temporary
Natixis Investment Managers Solutions | Global Market Strategy: Given the resiliency shown by economic indicators, we rule out the risk for a severe recession both in the US and Europe. The outlook for a recession scenario has weakened thanks to
With one year having passed since the launch of the strategy, Portfolio Manager, Matt Lawton, answers questions about the evolution of impact investing over the past 12 months, activity within the strategy, successes and challenges …
Inflation is a huge concern. During the pandemic, the surge in demand for durable goods overwhelmed global supply chains struggling with the impact of lockdowns. As much of the world has reopened, the demand for goods and services, such as
It’s been a good start to the year, with positive returns on most assets. Upcoming Fed decisions may determine the immediate path of yields. But bonds are back and we think fund flows may push …
A deeper earnings downgrade is expected as valuations are yet to fully price in a recession Credit spreads, particularly in higher-grade assets, remain relatively …
Global tactical asset allocation views brief: Global equities slumped over 2022, posting their worst annual returns since 2008, as Russia’s invasion of Ukraine added to already heightened inflationary pressures and caused the biggest energy price shock since the 1970s. Central
The first years of this decade have heralded a particularly disruptive period in human history. The return to a “new normal” following the COVID-19 pandemic was quickly disrupted by the outbreak of war in Ukraine, ushering in a fresh series
To many investors, this year will feel like a rollercoaster. Several major developments have impacted the world economy, and in response, financial markets have reacted fiercely by repricing asset markets. Especially at times like these, it’s important to take a
Valuations, now close to their long-term norms after last year’s sell-off, should be less of a headwind for investors in 2023 than in 2022, although global economic growth is slowing on the back of tighter monetary and fiscal …
In the final quarter of 2022, global equities recovered some of the ground lost earlier in the year. Inflationary pressures eased somewhat, and the pace of monetary tightening slowed. The outlook for equity markets remains uncertain in the near term,
Global stocks rose as investors welcomed signs that inflation may have peaked in key markets around the world. Consumer price increases — while still high on a historical basis — moderated in the U.S., Europe and …
Axel Lomholt, Chief Product Officer, STOXX and DAX Indices, at Qontigo, believes that ETFs have maintained their popularity in 2022 despite the challenging market conditions. “As we have witnessed before, investors prioritise ‘safe products’ during uncertainty. We saw the same
In 2019, James Sweeney, then chief economist at Credit Suisse, popped into my office and said “you know this pandemic and lockdowns… this is where your world [funding] and my world [global industrial production] intersect, because supply chains are payment
Monthly Investment Outlook: Global activity slowed down in late December and should remain moderate in Q1-22. The Omicron impact was limited to a few services, but disruption remained in place in …
The global energy landscape has started to transition away from fossil and CO2 heavy fuels to more renewable sources. This trend has been well underway for several years. As of 2019, fossil fuels, as the predominant source of energy, collectively
Entering the fourth quarter of 2022, our outlook acknowledged a hard truth for investors nursing wounds from the steep market downturn: We’re not out of the woods yet. That theme still holds, but the contours of the investment landscape have
In last year’s outlook (Outlook 2022: Pivoting to a new era) we discussed the idea that the world was entering a new macroeconomic regime after three decades in which globalisation and the technology revolution drove rapid growth in the supply
Investment Outlook 2023: If 2022 confronted investors with stiff headwinds, 2023 is likely to be challenging as well. After all, financial conditions are all but certain to remain tight and the fundamental reset of macroeconomics and geopolitics is continuing. Investors
By the end of 2021, global wealth totaled an estimated USD 463.6 trillion, which is an increase of 9.8% versus 2020 and far above the average annual +6.6% recorded since the beginning of the century. Setting aside exchange rate movements,
Asset class returns in the long term We have certainly had plenty of surprises this year. As far as the economy is concerned, few of them have been positive so far. The war in Ukraine and the bottlenecks created by
Transitioning to a fossil fuel free world requires pragmatic decisions in the short term – and investing where our money can have the most impact.
In January 2020, the world was hit with some jarring news: The first human-to-human transmission of COVID-19 was reported in Europe. According to news reports at the time, a German man acquired the infection from a colleague who had recently
Investors looking to access a broad range of ESG themes are therefore tasked with buying several singlethematic or narrowly focused funds. This underscores the need for all-inone, fully diversified solutions that target a wide array of sustainable goals through one
Aan de basis van private equity beleggingen in het thema gezondheid staan krachtige macrotrends, zoals vergrijzing en het ‘consumentisme’ van de gezondheidszorg. De private equitymarkt is snel volwassen geworden en in omvang verdrievoudigd in het afgelopen decennium: van 2.000 miljard
Financial markets rebounded strongly after October’s US consumer price print surprised to the downside. We would not put too much emphasis on one month’s data and would await confirmation before sounding the all-clear. Nevertheless, we think inflation will remain an
10 years is a long time in any walk of life. In the investment world it can feel like a lifetime. Since 2012 we have been through the depths of the European Sovereign Debt crisis, one of the longest equity
2022 global survey findings from asset owners: By now, we’re all aware that sustainable investment isn’t a new phenomenon, idea or even a quick fix, but rather the current and future of investments. With that in mind, our findings demonstrate
Everything you need to know about crypto adoption around the globe: Our data shows that global adoption has leveled off in the last year after growing consistently since mid-2019. We look at this trend in the chart below, where we
A rapid shift in the outlook for the global economy – punctuated by soaring inflation, Europe’s deepening woes and increasing fears of a worldwide recession – is having an enormous impact on currency markets. The US dollar has continued to climb
Extracting a common thread from last week’s abundant information flows was impossible. Perhaps the critical item will be the weakness of the US economy revealed by detailed GDP data. Last week was rich in information. From UK and Chinese politics,
Growth is slowing but not collapsing. Elevated inflation is squeezing household incomes, confidence and spending, leading to a slowdown in economic activity as illustrated in Figure 1. Recently, weaker activity has been registered in both the manufacturing and service sectors,
Global Asset Allocation: The View From Europe: Hopes for a continuation of the summer rally off the June lows were dashed in the back half of the third quarter. The inflection lower in risk assets coincided with Fed Chairman Jerome
It has been a challenging year for fixed income markets in 2022 amid rising inflation and slowing global growth. While uncertainty is likely to remain elevated, today’s starting yields offer an attractive entry point for long-term investors. Yields across sectors
Active Ownership Report 2020: Welcome to our second annual Active Ownership Report, in which we report on our activities globally for the first time. The objective of this report is to inform our clients and other stakeholders of our stewardship
Q4 2022 Investment Outlook: The global economy is facing a confluence of shocks, most recently the severe reaction in UK assets and FX to the new fiscal package (roughly 10% of GDP, unfunded). Market confidence has continued to slide on
Our baseline cyclical forecast includes shallow recessions and rising unemployment across large developed markets, with growth unlikely to bounce back quickly. Central bankers appear squarely focused on …
The year 2022 seems to have caused a regime shift in financial markets. In previous years, the assumption largely was that the world had more a deflationary issue due to aging, globalization and lack of bargaining power of labor. However
In this paper, currency analyst Jens Søndergaard answers key questions on the outlook for the global economy, covering the Russia/Ukraine conflict, inflation and currency views. How has the Russia/Ukraine conflict impacted your global macro-outlook? So much of the macro-outlook in
Persistently high inflation rates and a significant increase in interest rates are weighing on economic momentum and pushing up volatility on the financial markets. In addition, geopolitical tensions are in place that favour safe-haven flows. We regard the medium and
The subject of inflation has been seemingly omnipresent over the past two years as the global economy moved beyond the initial shock of a global economic shutdown into a world of supply disruptions and pent-up consumer demand. Initial conjecture over
We expect the second half of 2022 to present the same macro headwinds that posed a challenge in the first half: inflation, aggressive central bank action, growth concerns and wavering sentiment. Broadly, the pace and aggressiveness at which central …
