In many ways, October was a continuation of the developments that started in September. Government bond yields rose on better (although still far from good) economic news; political risks receded further as significant negatives (i.e., the U.S./China trade dispute and Brexit) eased.
Is it possible to generate attractive returns in today’s uncertain economic and political environment? We think so.
The auto industry is critically important for the global economy, but it has seen a disruptive slide: global registrations, demand and production have slumped.
A bit of optimism and sticker shock arrived in September. After exceptional performance in August, September proved much more challenging as news flow turned less dire (although not necessarily positive) and government bonds were no longer so attractive.
Plastic is high on the corporate agenda. We reviewed our holdings to evaluate how this topical issue might influence the sustainability of company returns on operating capital, which is how we assess material risks and opportunities on any environmental, social and governance (ESG) issue.
Angesichts unserer erhöhten Gewichtung im Gesundheitswesen möchten wir im Folgenden unsere Einschätzung des Sektors mit Ihnen teilen. Wie auch bei anderen Unternehmen erwarten wir von Gesundheitsunternehmen hohe, nachhaltige Renditen auf das Betriebskapital und ein vorhersehbares langfristiges Wachstum.
Why have government bonds and other fixed income assets prevailed in the current market environment while other sectors and asset classes have struggled?
Die European Fixed Income Opportunities-Strategie ist darauf ausgelegt, Anlegern im aktuellen Niedrigzinsumfeld wettbewerbsfähige Renditen zu bieten, in volatilen Marktphasen Wert zu erhalten und einen wichtigen Beitrag zur Diversifizierung des Portfolios zu leisten.
Wie bereits erwähnt, besteht das Gute an Aktien darin, dass es lediglich zwei Arten gibt, Geld zu verlieren: sinkende Erträge oder sinkende Multiples. Ende 2017 bereitete uns die Bewertung des Marktes Sorge.
Tariffs applied during the U.S.-China trade war have paradoxically not raised U.S. inflation. In our latest insight, Tug-of-War: “How I stopped worrying about inflation and learned to love tariffs,” we examine the tug-of-war pitting the direct inflationary effects of tariffs against the indirect deflationary impact of other forces at play.
