Amundi Asset Management has released a new paper covering its 2023 Investment Outlook, titled “Some light for investors after the storm."
We present here the CIO convictions from Vincent Mortier (Group CIO) and Matteo Germano (Deputy Group CIO).
“2023 will be a two-speed year, with plenty of risks to watch out...
J.P. Morgan Asset Management has released its 2023 Long-Term Capital Market Assumptions (LTCMAs), providing a 10-15-year outlook for risks and returns and assessing that asset markets today offer the best potential long-term opportunities in more than a decade, driven by lower valuations and higher yields.
“The latest LTCMAs forecast...
Fixed income offers more attractive valuations and higher income than equities again. In addition, fixed income has historically offered lower volatility than equities, as well as de-risking solutions and potential diversification benefits. Now is the time to consider bonds.
#1. Fixed income has become relatively cheap. The valuation of fixed income has...
Are we nearing the top of the interest rate cycle?
Perhaps. One sign that might suggest we are close was this week’s announcement of October’s retail sales rates. Rates declined unexpectedly with spending down 0.2%, when it was projected to increase by 0.6%, perhaps a signal that the RBA’s cash...
Elizabeth Moran takes a look at BetaShares' new Interest Rate Hedged Australian Investment Grade Corporate Bond ETF (HCRD) and suggests some advantages and disadvantages.
It’s always exciting to see new fixed income products come to market and last week, BetaShares’ announced its new fixed income ETF, HCRD, which hedges a...
Last week I interviewed Darren Wills, BlackRock’s APAC Head of Fixed Income in iShares and Institutional Index Investments. Darren shares much in this interview including his strategic asset allocation views, the case for using fixed-income ETFs alongside direct investment and current market themes and trends.
Darren Wills - Thinking about...
A report from T. Rowe Price Head of Multi-Asset Solutions APAC Thomas Poullaouec and team covering an AU/APAC focus.
MARKET PERSPECTIVE
The outlook for the global economy remains uncertain as central banks navigate battling stubbornly high inflation in the face of weakening growth expectations.
Taming inflation remains the US Federal...
20+250+16+30% = Recovery?
Robin Usson, Senior Credit Analyst at Federated Hermes, comments on recent developments in the China Property Market
Over the past week and a half, there has been growing momentum for a property bailout in China and China HY Property bonds have recovered all the ground lost prior to...
In trying to absorb the “new normal,” capital markets have re-priced assets in ways that create a more balanced picture between equity, fixed income and alternative options, according to Stephen Dover, head of Franklin Templeton Institute.
According to Dover: “In a recent discussion, the Franklin Templeton investment managers broadly agree...
By Dan Siluk and Jason England, Kapstream Capital
Impact of higher global bond yields
The Federal Reserve (Fed) acknowledged that “cumulative tightening” will be a factor in future rate decisions, but we still believe the central bank will be forced to remain hawkish longer than it expects.
While we believe...
