All Commentary articles – Page 159
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White papersAsset Class Return Forecasts: Q3 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.
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White papersGlobal Investment Views: August 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.
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White papers2018 Midyear Outlook: (Still) Risk On
Investors are facing some pretty big questions: How long will the economy continue to expand? How will rising interest rates affect my portfolio? Will volatility continue to climb? Do geopolitics (or even just political posturing) really matter?
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White papersEconomic Insights: June 2018
Stock market outlook: It may be a long, hot summer. Defensive stocks outperformed in June; investors may be starting to worry. We believe the robust U.S. and world economy should bring higher stock prices later this year.
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White papersInvestment Outlook for the Automotive Industry
We believe that today’s automotive industry—more than at any other time in its history—presents ample opportunities for active managers to uncover value for their investors.
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White papersThe living wage: towards better industry practices
The concept of living wage goes back to the early twentieth century, with the creation of the International Labour Organization in 1919. Subsequently, this concept was taken up several times in texts that played a structural role in labour law (Universal Declaration of Human Rights, Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy, and the ILO Declaration on Social Justice for a Fair Globalization).
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White papersChina Assets hit by trade talks: what expect from now
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.
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White papersPacte Law: what changes lie ahead for savings in France
The Pacte Law, presented on June 18, 2018 at the French Council of Ministers, should come into force no later than January 2020, after a period of parliamentary debates and the publication of implementing decrees.
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White papersCross Asset Investment Strategy: July 2018
Since the beginning of the year, emerging market risky assets have become more volatile.
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White papersSchemes need a clear strategy for managing longevity risk
Increasing longevity is an important risk facing the trustees of defined benefit pension schemes. By offering a promise for life to members, they bear the risk that members live longer than expected.
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White papersCIO Insights: Key investment convictions for the short and long term
Long-term investing is about the belief that fundamental value exists and that asset class returns tend to mean revert to their equilibrium level and rotate around it, within regimes.
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White papersGlobal Investment Views: July 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.
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White papersItaly: Troubled waters and complex challenges ahead but no Italexit on the roadmap!
In just a few days, investors have shifted from perhaps excessive complacency to excess pessimism about Italian politics.
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White papersItaly: Fundamentals are the compass amid political twists
A new Government: After three months of deadlock, 5Star Movement and the League agreed on a redesigned Government formation.
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White papersPolitical Event Risk Raises Stakes for Sudden Price Moves
Major political event risk, ranging from elections in Mexico, Brazil and the U.S., to Brexit and NAFTA negotiations, could swing equity, bond, FX and ags markets.
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White papersFrance: Significant promises kept, but the most crucial reforms will take time
One year on from his election victory the French president has already lived up to some of his campaign promises, most visibly regarding labour market regulation and taxation, actions that have generally been welcomed by international financial commentators.
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White papersHow to play the oil price swings
Oil price: We confirm our target price for the next 12 months in the range of $60-70 per barrel.
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White papersStrategic Relative Value: Q2 2018
Even modest upward interest rate adjustments can be disruptive to risk markets when they collide with slowing economic growth, shifting monetary regimes, and geopolitical shocks.
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White papersItaly towards new elections
On May 27th, the designated Prime Minister Giuseppe Conte gave up his mandate to form a Government.
