Leveraged finance markets continue to provide active managers with compelling opportunities to generate alpha. Here, we offer our views on how to use security selection and sector allocations to enhance a portfolio’s outperformance potential, while defending against the risks ahead.
US and European equity markets continued upward during the second quarter of 2019, albeit at a more moderate pace. Expectations of monetary easing by major central banks provided a short-term boost but leaves us with little visibility of what comes
Bumpy Road Ahead For The U.S. Auto Industry Germany’s Motor Is Sputtering Chinese Auto Sales Are Stuck in Reverse
Equity markets surged back in the first quarter of 2019, but it was only towards the end that we saw investor confidence start to recover. The first move by investors was to defend their core equity positioning and consider reducing
Shrugging off slowing growth and uninspiring economic data, European equities continued to ride a “risk on” wave in April. The S&P Europe 350 gained 4% on the month. With first-quarter earnings coming in better-than-feared for Europe’s blue-chips, and with further
U.S. equities gained steam in April, powered by positive earnings, potential progress in U.S./China trade talks, and recent dovish sentiment from the Fed. The S&P 500®, the S&P MidCap 400® and S&P SmallCap 600® all gained 4%, and the VIX®
Overview Equity markets surged back in the first quarter of 2019, but it was only towards the end that we saw investor confidence start to recover. The first move by investors was to defend their core equity positioning and consider
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
Sometimes, the sector composition of an equity portfolio is of primary importance. At other times, single-stock risks are more prominent. In this paper, we shall: Assess the relative importance of sectors in determining the performance of the S&P 500 and
Sometimes, the sector composition of an equity portfolio is of primary importance. At other times, single-stock risks are more prominent. In this paper, we shall: Assess the relative importance of sectors in determining the performance of the S&P 500 and
Tech companies continue to innovate and disrupt. Exposure to secular growth trends makes the sector less reliant on economic growth. It can be hard to pick just one winner — investing in a basket of companies allows investors to diversify
Overview Sector inflows are back! Renewed investor confidence has seen net buying of equities and sector ETFs since mid-February. This has included Technology which proved a good sentiment indicator last year. Our three SPDR Sector Picks led the performance returns in February on
The S&P 500 Equal Weight outperformed the S&P 500 by 0.5% in February, and in a reversal from prior months, is now outperforming by 0.6% over the past twelve months. 6 out of 11 equal weight sectors outperformed their cap
Sugar has become an increasingly important driver of the food and beverage industry since we first explored the topic in 2015. The health impacts are clearly worrying, which is translating into increased regulatory attention and consumer awareness of sugar content.
The global information and communications technology (ICT) system is at risk of splintering into US- and Chinese-led spheres of influence. Currently, the US and China are engaged in negotiations in an effort to avoid a further escalation in the trade
The S&P 500 Equal Weight outperformed the S&P 500 by 2% in January, and underperformed by 0.6% over the past twelve months. All sectors posted gains in January, and 8 out of 11 equal weight sectors outperformed their cap weighted
Infrastructuuraandelen zijn ongekend populair onder beleggers. In 2018 gaan ze waarschijnlijk een record vestigen als het gaat om investeringen in niet-beursgenoteerde infrastructuurprojecten.1 Waarom? Infrastructuurinvesteringen bieden een vrij hoog rendement dat beleggers die behoefte hebben aan regelmatige inkomsten, zoals verzekeringsmaatschappijen en
Strategy Espresso The Technology sector changed a lot last year. The GICS sector reclassification, enacted in September 2018, created the new Communication Services sector. This action left Tech as a smaller, more tightly defined group of hardware, software and semiconductor
To communicate our credit views on rated companies and industries, we have recently published 23 Industry Top Trends reports for corporate and infrastructure industries globally. This publication brings those reports together in a single volume and is the fourth annual
Strategic Sector Selector US and European equity markets finished last year battered and bruised. Concerns about a potential global economic slowdown seemed to be the main driver, but we think the reaction is overdone. Our economic outlook is broadly unchanged
Overview After a bumpy start to 2019 we are now seeing a risk asset rally and market gains in light of trade talk progress between the US and China. In an environment where unemployment remains low and wages rise, and
The S&P 500 Equal Weight underperformed the S&P 500 by 1% in December, and by 3% over the past twelve months. All sectors posted losses in December, and 9 out of 10 equal weight sectors underperformed their cap weighted counterparts.
Technology has changed the traditional way of wealth management. Retail investors used to manage their wealth through the traditional means offered by banks and securities firms, so they suffered from inconvenience, unfavorable experiences, and high fees. For example, the user
Investment View Investeren in sanitaire- en drinkwatervoorzieningen biedt mogelijkheden voor beleggers om een positieve impact te hebben én aantrekkelijke rendementen te realiseren NN Investment Partners belegt in bedrijven met sterke innovatieve businessmodellen die zich richten op transformerende oplossingen voor maatschappelijke
Regional view – Europe "Car industry woes aren't limited to short-term events. An even bigger threat to the sector looms: electric vehicles."
