De regulatory tzunami zal de komende jaren de agenda van de bancaire sector nog wel blijven bepalen. De richtlijnen en bepalingen vanuit het Basel Committee en International Accounting Standards Board stellen ons voor grote uitdagingen, maar leveren ook kansen op.
In addition to renewed trade tensions between the US and China, political tensions, especially in Asia, have risen – China vs. Hong Kong, Japan vs. South Korea, India vs. Kashmir – triggering a rise in risk aversion for emerging assets.
Quarterly Analysis At a glance… – New manager searches illustrate a strong focus on improving portfolio resilience. Within equities this manifests as appetite for low volatility and quality; in fixed income we see increased interest in investment grade bonds versus
Weekly Digest Risk is part of everyday life. It exists in various forms and as a result we are constantly making decisions by assessing the risks involved. We effectively act as our own risk manager whether we realise it or
Can you invest sustainably without sacrificing financial returns? Research conducted on the performance of nearly 11,000 mutual funds from 2004 to 2018 shows that there is no financial trade-off in the returns of sustainable funds compared to traditional funds, and
CESKE DRAHY Earnings Developments The year 2018 has seen accelerating growth for CD. The ongoing transformation of CD into a modern, efficient, competitive and customer-focused railway mobility Group is supported by large investments and a strong Czech economy. Group revenues
Macro Economic Update Global growth currently hovers around 2.5% with confidence indicators still pointing to modest growth at best. Manufacturing continues to suffer with new orders contracting at the fastest pace in almost seven years. Confidence in the service sector,
ESG delivers value to investors. This is our view and the key conclusion of this paper. This is supported by the rising amount of academic studies into responsible investing. Below, the first section focuses on studies linking ESG factors as
House View Q3 2019 Prepare for the worst, hope for the best The outlook for the global economy has deteriorated over recent months. Despite a somewhat more positive start to the year than expected, with growth in both the United
Mid-year outlook Financial markets have had a turbulent six months. They began 2019 by rebounding strongly from the severe late-2018 sell-off. In May 2019, however, the escalating US-China trade war and renewed slowdown fears caused them to surrender some of
China’s large bond market is poised for rapid growth as the country opens its doors more widely to foreign investors. With the ongoing search for yield, the opening of a deep and liquid bond market offering positive real yields looks
Global Survey of Individual Investors – Executive Overview The volatility at the end of 2018 was a wake-up call for individual investors. On the heels of the longest running bull market in history, the final three months of last year
We examine how companies can reshape themselves to better compete in today’s Everything-as-a-Service (EaaS) economy1 . In this new economy, firms can use services provided by other businesses to grow faster, while using less capital and fewer people than would
Historically, style factors have been shown to deliver superior risk-adjusted returns to passive capitalization weighted indexes and more persistent performance than traditional active management, making them a compelling alternative for investors. Although the efficacy of style factors conflicts with modern
Style factors have been shown to historically deliver superior risk-adjusted returns than passive capitalization weighted indexes and more persistent performance than traditional active management, making them a compelling alternative for investors. The benefits of style factors come with the cost
Structural change in emerging markets: 4 key forces to understand KEY POINTS We believe: – Economic development is generating four forces of structural change across emerging markets (EMs): greater inclusiveness, enhanced productivity, improved living standards and better sustainability. – Countries
Avoiding “diversification decay” in emerging-markets debt The threat to diversification posed by indexes – The growth of index-based investing in emergingmarkets debt exposes such strategies to increasing levels of systemic, developed-markets risk. – As a result, emerging-markets allocations based on
Global Insights – June 2019 Geopolitical risks are on the rise, and the international environment is becoming increasingly complex. Recent years have seen the surprise outcome of the UK’s Brexit vote, the unexpected election of U.S. President Donald Trump, a
Cross asset Investment Strategy We investigate the determinants of international stock market co-movements, shedding light on the relevance of politics-related factors. We propose a new characterization for the link connecting politics and financial markets, disentangling two different components: political risk
Reports of the Advisory Scientific Committee Exchange-traded funds (ETFs) are hybrid investment vehicles that track an index or a basket of assets, combine features of open-end and closed-end mutual funds, and are continuously traded on liquid markets. They are one
Cio views Increased risk requires a cautious attitude This month’s topic: the 2020 us presidential election: another close race?
Global Investment Views After weeks of relative stability, the threat of a trade war has returned, shaking investor confidence and awakening markets from complacency. However, while there is still a significant optimism in the market that a deal can be
Occasional Paper Series This paper summarises the outcomes of the analysis of the ECB Crypto-Assets Task Force. First, it proposes a characterisation of crypto-assets in the absence of a common definition and as a basis for the consistent analysis of
This inaugural study examining the global cryptoasset regulatory landscape goes a long way towards fulfilling the core mission of the Cambridge Centre for Alterative Finance: informing the operationalisation of technology-enabled financial innovation. Harvesting the potential benefits of innovation in financial
THE WEEK IN MUNILAND
👤AllianceBernstein 🕔15:00, 25.jun 2019Weekly Market Commentary In response to slower economic growth and falling inflation expectations, the Fed said its outlook for monetary policy has moved from “patient” to “will act to sustain the expansion.” More than half of the committee members expect
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