All Active articles – Page 18
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European equities: Mid-year Review
Political risk in Europe bubbled up once more this year, with uncertainty in Italy and Germany.
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US equities: Mid-year Review
The US entered the year on a high, but markets were unsettled by President Trump’s bout of protectionism in announcing an initial $50 billion of tariffs.
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Asian equities: Mid-year Review
There was a correction across Asia Pacific ex Japan in the first half of the year, says Soo Nam Ng, despite solid economic growth.
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Fixed income: Mid-year Review
Fixed income has had a challenging year to date, with bond yields driven higher by expectations around the Fed tightening rates and the prospect of QT in Europe.
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Japan: Mid-year Review
Despite the Japanese economy contracting in Q1 2018, following eight consecutive quarters of growth, the Nikkei started the year very strongly.
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Emerging markets: Mid-year Review
Early euphoria has slowly evaporated in an eventful six months which has taken in trade wars and political uncertainty in Mexico and Brazil.
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Fixed income/macro: Mid-year Review
At the start of the year, the world appeared to be in the middle of a highly synchronised economic recovery.
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Turkish delight turns sour?
Concerns about the deteriorating Turkish situation helped core government bonds perform better, but credit market spreads were generally a little wider and emerging markets were very weak.
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PGIM Fixed Income Q3 2018 Market Outlook
PGIM Fixed Income examines the outlook for the fixed income markets, the global economy, and prevalent political and market concerns in Q3 2018.
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The U.S. Labor Productivity Puzzle
A puzzling feature of the economic data in recent years has been a sharp slowdown in the pace of U.S. labor productivity growth.
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Mexico’s Peje-nomic Outlook
After Mexico’s recent election, the combination of a relatively sound economic starting position, institutional safeguards, market discipline, and a pragmatic approach to policymaking by the new administration will likely prevent any material deterioration of the country’s fundamentals in the short term.
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In Credit: World Cup Blues?
The phenomenon of rising nationalism, including trade war rhetoric, continues to weigh on risk markets and provides an anchor to core government bond yields.
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How Clean is “Clean”? Greece is Aiming for a “Clean Exit” From Its Third Bailout
In a follow up to the “From Greece to Bondholders with Love” white paper, PGIM Fixed Income explores whether Greece can make a “clean exit” from its third and final bailout and the consequent impact on bondholders.
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The Case For Global Bonds
PGIM Fixed Income examines how an actively-managed global bond portfolio, generally currency hedged, can reduce volatility and improve return efficiency relative to a domestic-only, fixed income allocation over the intermediate to long term.
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In Credit: Value returns to corporate bonds?
After a couple of weeks of stabilisation, US bond yields headed higher again and traded through 3% at the 10-year maturity point.
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Anticipating a strong year for bonds
In contrast to tightening monetary policy in the US and a lower pace of quantitative easing in Europe, Asian central banks are maintaining accommodative monetary policy.
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Banking problems impede India’s reforms
There has generally been a positive response to Prime Minister Narendra Modi’s structural reforms, but there has been an investment slowdown in the medium-term, and recent scandals, huge bad loans and ATM cash shortages imply a banking system that is in crisis – to the tune of $210 billion.
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Equities poised for growth
The correction at the start of the year didn’t damage Asia Pacific ex Japan’s fundamental recovery, but volatility will rise, which will subsequently providing active managers like ourselves with a good environment to outperform the market.
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Upgrading Vietnam
Investors are attracted to the country’s ‘mini-China’ story: that of a communist state embracing the private economy.
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What to know about investing in China
There used to be a lot of concern around China’s old industrial economy, but supply-side reforms have curtailed excess capacity.