Dr Noah Weinsberger, Managing Director and Dr Xiang Xu, Senior Associate, at PGIM have drafted a very valuable, technical paper assessing stock bond correlations. Here we publish the key take aways.
Stock bond correlation is considered an important input for multi-asset portfolio construction.
For the last 20 years, Developed Market...
MARKET PERSPECTIVE
Inflation concerns remain at the forefront for central banks and investors as global growth continues to trend lower amid supply disruptions, geopolitical challenges and reduction of liquidity, setting the stage for a challenging macro backdrop.
The U.S. Federal Reserve (Fed) remains committed to its tightening policy, hinting at...
Inflation and the cash rate continually hit news headlines at the moment, but are you aware of what is happening to one of our key interest rate benchmarks, the Bank Bill Swap Rate? Practically every day, the rates are moving higher, which is good news for investors.
The Bank Bill...
Recent new issues by NAB, Macquarie, and Ampol might have you thinking about adding capital notes, sometimes called ‘hybrids’ to your portfolio. In this article, we discuss the advantages and disadvantages to help you determine if they might be right for you.
A capital note is a hybrid product and...
In their most recent Insight, EMD on the bread line, Aviva Investors has outlined how soaring food prices and social unrest intertwine with countries’ fiscal positions and its impact on emerging market debt investors.
Rising food prices has increased risk of social unrest in emerging market countries globally
As...
By Sam Morris, CFA – Senior Investment Specialist, Fidante Partners ActiveX
As we move into times of inflation, what do you need to know to direct your portfolio for the future? A look at the forces at play provides insight.
It has been thought that without growth in the money supply,...
by Robert Almeida, Portfolio Manager and Global Investment Strategist, MFS Investment Management
Historical patterns can provide a useful roadmap for the future but can sometimes lead to mistaken assumptions.
Comparing past drawdowns to the present offers little value. Every episode is unique.
Companies are telling investors they can maintain historically...
We hear plenty of experts talking about sectors they favour in the current environment, but how does this translate to your portfolio?
In this article, we talk to Jon Lechte, CEO and Matt Macreadie, Director of Credit Strategy for Income Asset Management for their views on how to allocate in...
Jay Sivapalan, Head of Australian Fixed Interest for Janus Henderson Investors, discusses the very different investment landscape we find ourselves in after the pandemic and how fixed interest investors can navigate the very different path ahead.
Key takeaways:
Dominant macro themes, including the restructuring of global trade, national security and...
Article by Manuel Hayes, Senior Portfolio Manager, Insight Investment
High yield corporate credit has emerged as one of our asset class picks for 2022 (see: thoughts for 2022). Further, we believe key myths around the market help create mispricing opportunities that investors can take advantage of.
MYTH 1: DEFAULT RATES ARE...
