Macro and Market Perspectives We expect Europe to shake off its current soft patch later this year, getting a boost from China’s stimulus efforts and any resulting rebound in global manufacturing. If the global growth backdrop improves and one-off setbacks
Research & Strategy Insights Asia’s exports have witnessed rapid expansion over the past decades. Its share in world exports went from below 5% to the current 23%, second only to the Eurozone. Asia’s trade is not only important in a
The integration of the European retail payments markets has been going on for almost two decades. The Single Euro Payments Area (SEPA) is now a reality for over 500 million citizens using uniform credit transfers and direct debits. In contrast,
Central banks have used different types of forward guidance, where the forward guidance horizon is related to a state contingency, a calendar date or left open-ended. This paper reports cross-country evidence on the impact of these different types of forward
China is at a crossroads. After years of heady growth, it now faces a potent mix of external and internal challenges that threaten to curb its momentum. Its prospects will hinge on how well it responds to these challenges, on
S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard in 2002. The SPIVA Europe Scorecard measures the performance
We assess the impact of the corporate sector purchase programme (CSPP), the corporate arm of the ECBís quantitative easing, over its Örst year of activity (June 2016 ñ June 2017). Focusing on the primary bond market, we Önd evidence of
Welcome to the second annual Invesco Global Fixed Income Study, part of Invesco’s suite of thought leadership studies, including the Global Sovereign Asset Management Study and the Global Factor Investing Study. In 2019, we have nearly doubled the respondents to
Sustainability is a hot topic in the asset management industry. In this article, we show that in 2018 the market for ‘sustainable’ funds has grown much more rapidly than the market for conventional funds. Yet, as sustainability is such a
Market flash The headline event in Europe was Brexit being postponed to October 31 at the latest. The agreement will prolong uncertainty but at least there is no short-term risk of a no-deal exit. The April 10 ECB meeting left
Hoofdpunten De centrale banken bevestigen hun voorzichtige houding; dit jaar geen renteverhoging meer van de ‘Fed’ Zorgen over de handelsoorlog tussen VS en China zijn afgenomen, maar Europa is mogelijk het volgende doelwit van Trumps politiek Chinese stimuleringsmaatregelen lijken hun
Short Note ECB As expected, no decisions were taken at today's meeting of the Governing Council. What the market had been waiting for were references to the specifications of the TLTRO-3 program – in particular, how the interest rate will
Strategy Espresso The European high yield market has continued to rally following a challenging end to 2018. In this week’s Espresso we highlight some key reasons for the recovery and why we foresee continued near-term support for the asset class. In
Viewpoint update What has changed since April 2018? Alternative reference rates (ARRs) have now been identified across five currencies. 1 “€STR,” the ARR for EUR LIBOR, was selected in May 2018. €STR is a new rate based on wholesale euro
What, Exactly, Is a Factor1 ? According to BlackRock, as of June 2018 there was $1.9 trillion invested in factor-based strategies—a figure expected to grow by nearly 80% to $3.4 trillion by 20222 . There is no question that these
Emerging Market Equity Spotlight Despite their troubles last year, emerging market equities are back in the spotlight. And, with trade tensions easing and dovish central banks in retreat, could the asset class emerge as a true leader? Trade tensions eased
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in
A series of recent extreme weather events — from hurricanes and wildfires in the U.S. to heat waves in Europe and floods in Japan — have put a spotlight on climate-related risks. Yet the implications for investment portfolios — stemming
Saving to cover the cost of tuition, books and fees can seem daunting, but with consistent investing, sound financial advice and a 529 plan, affording college educations for the children in your life is achievable. Although 529 college savings plans
From the newest discoveries in medicine to the latest advances in renewable energy, software is touching every aspect of people’s lives across the globe. Given this, it’s vital that the creators of software are as diverse as the populations that
Perspectives The Fourth Industrial Revolution has brought to the fore technologies such as blockchain, artificial intelligence (AI), robotics and automation, Internet of Things (IoT) and analytics, to name a few. The convergence of these technologies and its effects are already
Forget the recent market upheavals, emerging market (EM) bonds are in something of a sweet spot. Indeed, the coming year could well prove to be the reverse of a rather grim 2018. That positive appraisal boils down to two factors.
A review of Q1 2019 when equities rebounded, supported by market expectations that the Federal Reserve will not raise interest rates this year.
April 2019 Investor concerns have switched from trade wars to politics and growth. The inversion of the yield curve is now adding to US recession fears. We see scope for a near term bounce in activity, but remain concerned further
Global stocks wrapped up their best calendar quarter in over eight years in March, as the Federal Reserve halted its interest-rate increases, and expectations strengthened for a trade truce between the US and China. The STOXX® Global 1800 Index rose
