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.

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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

  • China more appealing based on progress in trade negotiations

    China more appealing based on progress in trade negotiations

    White papersThu, 7 Feb 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

    Cross Asset Investment Strategy - February 2019

    White papersFri, 1 Feb 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.

  • is turkey really out of the woods

    Cross-Asset Investment Strategy: Is Turkey really out of the woods?

    White papersFri, 1 Feb 2019

    After having narrowly escaped a balance of payments crisis last spring, there are questions surrounding the Turkish economy, not to mention the many (geo)political tensions. Throughout this period, the currency has continued to experience strong downward pressures, leading to a surge in inflation. Recently, the markets seem to be recovering hope.

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    White papersFri, 1 Feb 2019

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    White papersTue, 29 Jan 2019

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