Amundi Asset Management

2019 Top 400 ranking: 9http://www.amundi.com

Request More Information

Manager Details

88 supplier articles matched your search

Sort By: Newest firstOldest first

  • G20: Market Relief, Eyes Now On Central Bank's Execution download

    White papers 3 July 2019

    The worst case scenario of further trade escalation has been averted. The G20 meeting over the weekend resumed the negotiations between China and US on trade, after the tariffs increase in May on$200bn of Chinese products, and the consequent Chinese retaliation,which both put financial markets under pressure and increased downside risk to the economic outlook.

  • How to differentiate emerging countries? New Approaches For Classification And Typology download

    White papers 1 July 2019

    Once accepted the idea that the emerging world may behave like a block in period of crises (as the group of advanced countries also does), one must wonder whether one should go beyond that and consider that the emerging world deserves better: the wide divergence between countries, the health of some countries (sometimes better than some advanced countries) simply mean that it does not make sense to view the “emerging world” as a whole, as a block, but as well-defined, specific and homogeneous ..

  • Emerging Markets: Vulnerability And Contagion Risks... Fragile Vs. Anti-Fragile Countries download

    White papers 1 July 2019

    This article is aimed at analysing contagion within the emerging world in the past decades, and at presenting investment strategies to limit negative effects of contagion and / or to benefit from it.

  • Global Investment Views - July 2019 download

    White papers 26 June 2019

    The journey from market complacency to awareness of fragilities is in full swing, and the market correction in May is part of that, as is the recent recovery fuelled by dovish Central Banks (CB).

  • Turkey: Inflation, Exchange Rate’s Pass-Through And Monetary Policy download

    White papers 25 June 2019

    Despite a huge collapse in activity, the Turkish inflation is still flirting with 20% yoy and the main monetary policy rate is stuck at 24% for 8 months.

  • Three Themes For European Equities To Be Back In Focus download

    White papers 21 June 2019

    Volatility is here to stay. Markets are hostages of very volatile news flow. Trade-related anxiety is driving the swing (pessimism of a broken deal between China and US led to a correction in May while the renewed hope of a partial deal brought equity markets back to yearly highs in June).

  • Investing in the changing shape of Emerging Markets weblink

    White papers 18 June 2019

    The emerging markets (EM) universe has experienced significant changes in the last decade with the further addition of investible countries (ie China A shares in 2018), the surge in the size of EM bond markets and the further development of the local currency bond markets.

  • Variance Premium, Downside Risk, And Expected Stock Returns download

    White papers 17 June 2019

    We decompose total variance into its bad and good components and measure the premia associated with their fluctuations using stock and option data from a large cross-section of firms. The total variance risk premium (VRP) represents the premium paid to insure against fluctuations in bad variance (called bad VRP), net of the premium received to compensate for fluctuations in good variance (called good VRP).

  • International Stock Market Co-Movements And Politics-Related Risks download

    White papers 17 June 2019

    We investigate the determinants of international stock market co-movements, shedding light on the relevance of politics-related factors. We propose a new characterization for the link connecting politics and financial markets, disentangling two different components: political risk and economic policy risk. We uncover the surprisingly low correlation between the two variables, and show they are priced differently by the market.

  • European elections: not a game changer, opportunities from divergences download

    White papers 28 May 2019

    The results are broadly in line with what opinion polls had indicated, although with a slight “pro-institution” surprise. Key takeaways are, first, a decline in the votes for the two large political groups which are the social-democrats and the Christian-democrats or moderate right; these two parties had, since 1979, commanded a combined majority in the European Parliament, and this is now over.

  • US-China trade: continuing the talks while making the war download

    White papers 14 May 2019

    In our opinion, investors should dismiss the idea that talks could break down, albeit uncertainties remain. Recent work has focused on details and wording, with the majority of the agreement document having been completed. However, several major issues remain, and on these it is largely up to Trump and XI to make final decisions.

  • Economic Crisis And Political Risk Batter Argentina. Way Out Or Opportunity? download

    White papers 13 May 2019

    The economy is facing severe stagflation. Monetary and fiscal policy are extremely tight, consumer and investor confidence is low, and inflation is proving very sticky amidst wage indexation. Whilst we view the fiscal and monetary mix to be appropriate given Argentina’s macro challenges, it is possible that these measures may not be able to stabilise the economy in time for the elections.

  • Asset Class Return Forecasts - Q2 - 2019 download

    White papers 10 May 2019

    This document includes the perspective of Amundi on asset returns used to build reference portfolios for our institutional clients. A publication issued annually in February covers the major macro and financial foundations of our views, while this one provides a quarterly update of our medium and long-term expected returns by asset class.

  • European Equities: What Impacts In The Event Of A Tariff War With The United States? download

    White papers 3 May 2019

    While the threat of a large-scale Sino-US tariff war appears to be receding, the US could now switch its focus to its trade deficits with the European Union. With this in mind, we wanted to find out which European equities, in terms of country, sector or individual companies, would be hardest hit by a trade conflict.

  • Cross Asset Investment Strategy - May 2019 download

    White papers 2 May 2019

    Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong.

  • Emerging Market Green Bonds - Report 2018 download

    White papers 29 April 2019

    In October 2018, the Intergovernmental Panel on Climate Change (IPCC) urged the world to intensify its efforts to combat climate change by meeting the goal of the 2016 Paris Agreement to limit global temperature increases to 1.5 degrees Celsius.

  • Global Investment Views - May 2019 download

    White papers 25 April 2019

    Equity markets have remained buoyant in recent weeks: the S&P 500 is trending towards an all-time high, the European equity market (STOXX 600) is close to last year’s peak and the performances of emerging markets have also been very strong.

  • Italy: no short-term confrontation with the EU, but uncertainty in the mid-term. download

    White papers 24 April 2019

    In the new forecasts for the 2020 budget and beyond from the Italian government (from the latest economic blueprint, of 9 April: “The Stability and Growth Path, SGP”), its economic projections come much closer to consensus than previous ones, pointing to weaker GDP growth.

  • Cross Asset Investment Strategy - March 2019 download

    White papers 13 March 2019

    If an investor had woken up today after three months and looked at the markets, he/she could reasonably say that not much had changed. The year started on strong footing and risk assets experienced a massive rebound in the first weeks of 2019, erasing most of the losses experienced in one of the most awful Decembers in history. As a result some valuation gaps have been closed somewhat, though not exhausted. Markets switched rapidly from a “fear” to a “greed” mood. Catalysts of the renewed ...

  • H1 2019 - Emerging Markets Charts & Views: Seek opportunities, but be aware of short-term volatility download

    White papers 13 March 2019

    Emerging markets (EM) started 2019 on a strong footing and, as a result, some excessive valuation gaps have been partially closed. Yet, we continue to see opportunities in all EM segments (equity, bonds in hard currency and in local currency) with a medium to long-term view.

  • A dovish ECB, a little relief for the banking sector download

    White papers 8 March 2019

    The European Central Bank (ECB) announced a new series of TLTROs starting in September 2019 and changed its forward guidance, with a commitment not to hike rates this year.

  • China more appealing based on progress in trade negotiations download

    White papers 7 February 2019

    The recent statements following the bilateral meetings between the US and China suggest that important progress has been made, and more details are emerging compared to the quiet early January round.

  • Cross Asset Investment Strategy - February 2019 download

    White papers 1 February 2019

    After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.

  • Investing in the Low-Carbon Economy download

    White papers 1 February 2019

    Private capital has never been given such an important role in tackling climate change and de- carbonising the economy. As Philippe Le Houérou, CEO of International Finance Corporation (IFC), says, the private sector “holds the key,” noting that it “has the innovation, the financing and the tools.

  • Time to increase risk exposure: start with emerging markets and credit download

    White papers 29 January 2019

    The excess of pessimism at the end of 2018 resulted in a sharp decline in financial markets and renewed volatility. According to our analysis, market participants priced in twice the slowdown risk that economic fundamentals justified.

  • Global Investment Views - February 2019 download

    White papers 23 January 2019

    After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.

  • Investment Perspectives For A New Regime Of Returns download

    White papers 14 January 2019

    After two years of positive performance across the board, with almost no asset class in negative territory, 2018 is marking a change of direction, with an unprecedented percentage of asset classes in red. This may cause a sense of uncertainty among investors facing uncharted waters ahead.

  • Cross Asset Investment Strategy - January 2019 download

    White papers 9 January 2019

    Investors are facing an unsettled environment. For 2019 we think it will be key to look at three areas: 1. From economic deceleration to where?  2. Fed pausing or continuing rate rises? 3. EMs: perfect storm or a recovery story?

  • Focus on fundamentals to ride turbulent markets download

    White papers 3 January 2019

    Investors are facing an unsettled environment. For 2019 we think it will be key to look at three areas:...

  • Cross Asset Investment Strategy - December 2018 weblink

    White papers 13 December 2018

    This year has proven to be challenging for portfolio construction, as well as regarding returns. To put this into perspective, for 2009-17, our analysis shows that each year, on average, 76% of major asset classes (including different regional government bonds, equity, inflation-linked, currency and commodities) recorded positive performances.

  • Why Investors Should Care About French “Yellow Vests” Protest weblink

    White papers 12 December 2018

    The Gilets Jaunes (Yellow Vests) are a largely spontaneous protest movement that emerged in France, in October. With no declared political affiliation, they called for lower taxes and a higher level of social transfers and public services.

  • Cross Asset Investment Strategy Special Edition: Outlook 2019 weblink

    White papers 6 December 2018

    With late cycle features continuing to materialise and a higher level of vulnerability developing due to the uncertain geopolitical backdrop, 2019 will require investors to embrace a more prudent approach, despite the benign global economic outlook.

  • From G20: Short-Term Relief, But It Is Not The Final Word On Trade Disputes weblink

    White papers 3 December 2018

    The latest G20 demonstrates some temporary progress in the US/China relationship. An increase of tariff rates in January 2019 was put on hold and the possibility for an additional tranche of tariffs for the rest of US imports from China ($267bn) is also further delayed, at least. China has found the right entry point to give some concessions to the US on sensitive topics for President Trump.

  • Global Investment Views: December 2018 weblink

    White papers 28 November 2018

    This year has proven to be challenging for portfolio construction, as well as regarding returns. To put this into perspective, for 2009-17, our analysis shows that each year, on average, 76% of major asset classes (including different regional government bonds, equity, inflation-linked, currency and commodities) recorded positive performances.

  • Brazilian elections: lights and shadows on the horizon weblink

    White papers 31 October 2018

    The expected outcome of the presidential election occurred, with right-wing candidate Jair Bolsonaro winning vs the leftist Fernando Haddad.

  • Global Investment Views: November 2018 weblink

    White papers 25 October 2018

    The late cycle narrative behind the autumn market malaise...

  • Deep dive in factor definitions and behaviors to better combine them download

    White papers 24 October 2018

    Anticipating the economic and financial environment evolution and its impact on equity market is not easy.

  • Factor Investing and Smart Beta Solutions download

    White papers 24 October 2018

    Smart Beta & Factor Investing strategies have been developed to address the two main limits of traditional market capitalization weighted indices.

  • Corporate earnings in 2019: A fading momentum is in store! weblink

    White papers 22 October 2018

    After two years of strong earnings momentum, EPS growth is expected to decline considerably from 2019.

  • Cross Asset Investment Strategy: October 2018 weblink

    White papers 8 October 2018

    The hot summer in emerging markets has been a key investor theme in the third quarter of this year.

  • Global Investment Views: October 2018 weblink

    White papers 28 September 2018

    The hot summer in emerging markets has been a key investor theme in the third quarter of this year. While the ongoing US/China trade tensions continue to weigh on investor sentiment, the sequence of country-specific stories (Turkey, Argentina and South Africa) contributed to the almost indiscriminate repricing of EM assets, starting with plummeting EM currencies.

  • European Equity: Combining value and quality in this new market phase weblink

    White papers 20 September 2018

    We believe we have entered a mature stage of the financial cycle amid central bank monetary policy normalisation (more advanced in the US) and decelerating economic growth globally. Protectionist dynamics are also features of this phase of the cycle, while the US fiscal expansion and a capex revival are all forces working to extend it.

  • Cross Asset Investment Strategy: September 2018 weblink

    White papers 19 September 2018

    Italian budget discussions are going to intensify as the 27th of September approaches, date of publication of the document outlining the new budget law and when there should be more clarity on the key economic projections and deficit targets.

  • Turkey shakes summer thin markets, but contagion risk is contained weblink

    White papers 14 August 2018

    The domestic boom has been financed by private debt (mainly external debt). Well before this week’s crisis, Turkey was the most vulnerable country in our EM ranking...

  • Asset Class Return Forecasts: Q3 2018 weblink

    White papers 1 August 2018

    The current global expansion is set to run until 2020, with above potential growth in most countries in 2018 and 2019. However, the global GDP growth has started to decelerate and we expect it to slow further in 2020.

  • Global Investment Views: August 2018 weblink

    White papers 27 July 2018

    Concerns about trade continue to take centre stage. While US assets have so far been resilient amid escalating protectionist rhetoric, markets targeted by tariffs are under pressure.

  • China Assets hit by trade talks: what expect from now weblink

    White papers 12 July 2018

    The US-China relationship appears to be deteriorating. US recently published a list of an additional $200bn of Chinese products subject to 10% tariff rates that will be put forward for the public hearing process by 30 August and could possibly be implemented in September.

  • Cross Asset Investment Strategy: July 2018 weblink

    White papers 6 July 2018

    Since the beginning of the year, emerging market risky assets have become more volatile.

  • Protectionism intensifies: country and sector selection to mitigate its effects weblink

    White papers 4 July 2018

    As a base case, we expect limited tariffs will be implemented on different fronts with relatively controlled macro impacts while talks continue. Although talks have become more contentious, we do still see space for negotiation among the various parties. This is the main difference vs a proper “trade war”.

  • Global Investment Views: July 2018 weblink

    White papers 26 June 2018

    Investors have experienced generally low returns so far this year, due to the clouds currently gathering on the horizon, and the approach to risk assets is being characterised by increased caution.

Results per page: 10 per page20 per page50 per page