Amundi Asset Management

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

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Amundi

Brexit muddle-through towards the approaching parliamentary vote

The Brexit-related newsflow since the UK/EU agreement on 25 November 2018 has been quite intense. In our view, it has slightly increased the probability that the UK remains in the EU beyond March 2019, thus prolonging the uncertainty over how (and even whether) Brexit will happen.

Investment views: Regarding the markets, at the moment, they continue to price in some sort of weak muddle-through scenario. As uncertainties around Brexit outcomes remain high, sterling will likely continue to be under pressure, with some downside risks remaining (especially vs the Japanese yen), given the increasing probability of no deal.

Read the complete white paper at the link beneath Related Files

Head Office
90, boulevard Pasteur
Paris
75015
France
Company website:
http://www.amundi.com
Year Founded:
2010
No. of investment offices worldwide:
6

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What’s new

  • Factor Investing In Currency Markets: Does It Make Sense?

    Factor Investing In Currency Markets: Does It Make Sense?

    White papersMon, 24 Jun 2019

    The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.

  • Three Themes For European Equities To Be Back In Focus

    Three Themes For European Equities To Be Back In Focus

    White papersFri, 21 Jun 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

    Investing in the changing shape of Emerging Markets

    White papersTue, 18 Jun 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.

  • Pricing Individual Stock Options Using Both Stock And Market Index Information

    Pricing Individual Stock Options Using Both Stock And Market Index Information

    White papersTue, 18 Jun 2019

    When it comes to individual stock option pricing, most applications consider a univariate framework. From a theoretical point of view this is unsatisfactory as we know that the expected return of any asset is closely related to the exposure to the market risk factors. 

  • Variance Premium, Downside Risk, And Expected Stock Returns

    Variance Premium, Downside Risk, And Expected Stock Returns

    White papersMon, 17 Jun 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). 

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