Amundi Asset Management

2018 Top 400 ranking: 9http://www.amundi.com

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Amundi

Cross Asset Investment Strategy Special Edition: Outlook 2019

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. 

In our view, this new investment landscape will translate into not only the need for more cautious risk allocation through the year, but also more selective exposure to countries/sectors and names that could prove to be more resilient: less indebted, less exposed to geopolitical frictions, and to financial and economic imbalances. The sustainability of future returns will be the name of the game in 2019. It will also be a year of higher focus on portfolio construction and diversification to balance risk, avoid crowded trades, and deal with multiple divergences that will likely materialise. Meanwhile, liquidity management will be even more critical as we enter uncharted waters associated with central bank (CB) liquidity tightening for the first time post the last financial crisis. With limited market directionality, and as swings are expected to be frequent, investors should seek tactical opportunities throughout the year that will emerge on the basis of the evolution of three main themes, as noted below.

Read the complete white paper at the link beneath Related Links

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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  • outlook 2019

    Cross Asset Investment Strategy Special Edition: Outlook 2019

    White papersThu, 6 Dec 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. 

  • global investment views december 2018

    Global Investment Views: December 2018

    White papersWed, 28 Nov 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. 

  • global trade war

    Global Trade War: Where Do we Stand Now? What Impacts?

    White papersWed, 28 Nov 2018

    A few days before the important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping, it is important to have a clear view on the trade dispute between the two countries and on the potential impacts of a trade war.

  • brexit

    Brexit: Where do we stand and what should investors expect?

    White papersMon, 26 Nov 2018

    Where we stand and possible scenarios ahead: After the EU approval of Brexit deal, we are going to pass through some tough times until the UK parliamentary vote on Brexit Withdrawal Agreement in December. 

  • italy moves towards an excessive deficit procedure

    Italy moves towards an Excessive Deficit Procedure, but a change of attitude is in the air

    White papersMon, 26 Nov 2018

    This large and unprecedented deliberate breach of the so-called “preventive arm” measures therefore calls for moving Italy into the “corrective arm” of the Stability and Growth Pact. 

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