We retain our top-level allocation and project technical support for investment-grade financials in the coming months.
The slowdown in global growth is expected to continue in 2019. Although talk of an imminent recession seems overdone, the world economy looks set to reveal more evidence of cooling.
The ending of QE ends will lead core bond yields to move structurally higher. This will make bonds less useful for portfolio hedging purposes.
Der österreichische Aktienindex ATX hat im Jahr 2018 rund 20 Prozent an Wert verloren. Der iQ-FOXX Austrian Stocks Alpha Index hingegen konnte das Ergebnis umdrehen und schloss das Jahr 2018 mit einem dicken Plus von 20,8 Prozent ab.
Janus Henderson’s US-based Multi-Asset Solutions Team present their latest tail risk report, using option market prices to infer expected tail gains and losses for each asset class.
Equities, spreads and commodities all had a bumpy ride downwards in the past week, with lots of intraday volatility.
Elissa Johnson, Fondsmanagerin im Secured Loans Team, erläutert, warum europäische Secured Loans weiterhin attraktive Chancen bieten.
The US mid-term elections failed to spark a rally while Brexit, the Italian budget and trade keep risky assets on the ground.
While the higher yields can be explained by fundamentals, the timing of the equity selloff was more difficult to predict. The market dynamic indicators signalling equity market vulnerability to a correction.
The Multi Asset, Quantitative & Solutions team explore some of the shifting sands in the macro/market backdrop and the implications for cross-asset investors and asset allocators.