Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, looks at the risks associated with the traditional 60/40 portfolio.
Der Anstieg der Anleiherenditen sowie der Volatilität der Zinssätze belasteten Investment-Grade (IG)-Anleihen im Februar.
Im Januar hat sich die Marktvolatilität vor dem Hintergrund eines Goldilocks-Szenarios mit nachlassender Inflation, stetigem Wachstum und in Erwartung einer langsameren Straffung der Geldpolitik gemäßigt.
What a difference a few days make. 2022 ended with a bear growl. Bond returns were deep in negative territory for December and for the year, as were U.S. equities.
Jenseits der Kurveninversion auf den Zins- und Anleihemärkten und der Rating-Divergenz bei den hochverzinslichen US-Anleihen (HY) spiegeln die meisten Finanzanlagen ein begrenztes Rezessionsrisiko.
Market moves in 2022 have shaped a strong argument for short duration fixed income solutions: 2022 saw government bond yields move sharply higher, credit spreads widen above long-run averages, and yield curves flatten. This was driven largely by persistently high inflation and hawkish central banks, who delivered multiple base rates hikes in an attempt to tame inflation.
