Equities – Page 29
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White papersNo Debating the Economic Recovery
U.S. personal income fell in August as the extra unemployment benefits ended while consumer spending rose. Eyes are on the China Services PMI, which will be released next week, and chances of a new fiscal stimulus package ahead of the election are still alive, for now.
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White papersWhy investors in China private equity might be missing out on most of the market
The domestic Chinese private equity market is developing faster than many international investors realise, but without the right fund structure investors may miss the best opportunities. We explain why.
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White papersThe Biggest Threat to the Global Recovery Lies Beneath This Dome
Rising acrimony at the U.S. Capital around the Supreme Court vacancy puts stimulus at risk and hurts long-term growth prospects.
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White papersFour ways to pick companies that can thrive beyond crisis
A set of all-weather principles for selecting stocks that will outperform over the long term, regardless of whether economies are buoyant or set for a long grind of slow growth
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White papersJapan: all eyes on the next Prime Minister
Following an eight-year term, Shinzo Abe announced he will stand down as Prime Minister of Japan due to a deterioration in his physical health. Japan’s Topix Index dropped around 2.5% in reaction to the news on 28 August 2020, before rebounding to close the day marginally negative. In the short-term we can expect downward pressure on the domestic equity market, while the yen appreciation as a result of political uncertainty will act as positive for non-JPY based investors.
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White papersInvesting during the rise of zombies: How monetary policy, COVID-19, and technology have created and sustained a horde of decomposing corporations
Amid the spectacular return of equities post-Global Financial Crisis (GFC), most equity investors have little need to focus on business models. The S&P 500 posted a 256.4% total return between 2010-2019, and global equity and credit investors were rewarded for carrying the beta exposure to those asset classes and did so often with lower-than- average levels of volatility.
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White papersSuganomics
Japan’s new prime minister could boost fiscal and growth strategies to secure his position ahead of the next general election, with a focus on digitalization and deregulation.
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White papersJapanese employment: engaging for greater equality
Japan is renowned for its strong dedication to work and the country has one of the lowest unemployment rates in the world. Yet working hours are lengthy, there are two classes of employees and women are an underutilised force in the workplace.
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White papersECB QE Monitor – September 2020
The ECB’s balance sheet is now equivalent to 54% of euro area GDP compared to 39% at the start of the year.
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White papersCentral Banks Talking the Talk after Walking the Walk
Look for messaging, more than actions, at global central bank meetings. U.S. retail sales are expected to hold up in August despite the expiration of unemployment benefits, and the Brexit Isles are upon us as talks heat up.
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White papersESG – Remarkable Progress, Evolving Indices and Futures Growth
The unprecedented economic turmoil caused by the COVID-19 virus has led for calls to reshape the global economy to make it fairer and more environmentally sustainable. Campaigners are challenging governments to direct their record stimulus funds towards projects and investments that benefit broader society.
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White papersHeading for a fall?
The fall season often trips up the markets, and 2020 promises more than its fair share of hazards.
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White papersBrexit Update
Brexit occurred on January 31, 2020, and we are now in the transition period until December 31. Therefore, rules and regulations in the UK are still aligned with those in the European Union, but the United Kingdom is no longer a member state, hence talk of the EU-27 rather than the EU-28.
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White papersThematics: Back to school, back to politics?
The macro-economic backdrop has improved, albeit at a slower pace more recently. The European response to the crisis has further strengthened investor sentiment. However, the political picture has changed over the summer in the US and deteriorated in emerging markets.
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White papersDebunking the Myths of “High-Priced” Tech Stocks
Technology stocks seem unstoppable. Giants like Apple and Microsoft, as well as technology-driven consumer firms such as Amazon and Alibaba Group, continue to do well through the COVID-19 pandemic.
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White papersTaking stock of the markets
Back in the old days it might be said that investing was simple. You just put some money into a company, a commodity or a piece of property, and with a bit of luck, time and reasonable management, the value of your investment went up.
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White papersStyle Tilt: Growth Surge Reshapes US Stock Market in 2020
During the coronavirus downturn and rebound, US growth stocks outpaced value stocks by a record margin. Now growth stocks seem expensive, but that depends on how you look at it. So are these trends likely to continue—and how should investors position across different equity styles?
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White papersPositioning for the 2020 U.S. Presidential Election
For investors and markets still reeling from the global pandemic—and facing a protracted, volatile economic recovery—a new source of uncertainty is fast approaching: the U.S. presidential election in November. Historically, equity markets have posted below-average total returns during an election year.
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White papersFundamentals: the case for US SMID
Slow and steady wins the race. So goes the age old saying from the fable of the tortoise and the hare. But how does it apply to US small and mid-cap (SMID) companies? And is the asset class underappreciated by industry analysts? We explore the universe of US SMID companies in Fundamentals.
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White papersEuropean equities: accelerating the digital revolution
The coronavirus crisis has fast-tracked the global economy’s digital transition, as the pandemic has encouraged the uptake of virtual solutions across different industries.
