Latest White Papers – Page 339
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White papers
Cash Equitization with E-mini Equity Index Futures
Take a look at how CME E-mini Equity Index futures are used to equitize cash in portfolios, including avoiding drag on performance and more.
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White papersUK equities: Mid-year Review
While UK equities had a more volatile first quarter, sterling weakness helped the FTSE 100 outperform the broader market.
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White papersEuropean equities: Mid-year Review
Political risk in Europe bubbled up once more this year, with uncertainty in Italy and Germany.
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White papersUS equities: Mid-year Review
The US entered the year on a high, but markets were unsettled by President Trump’s bout of protectionism in announcing an initial $50 billion of tariffs.
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White papersAsian equities: Mid-year Review
There was a correction across Asia Pacific ex Japan in the first half of the year, says Soo Nam Ng, despite solid economic growth.
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White papersFixed income: Mid-year Review
Fixed income has had a challenging year to date, with bond yields driven higher by expectations around the Fed tightening rates and the prospect of QT in Europe.
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White papersJapan: Mid-year Review
Despite the Japanese economy contracting in Q1 2018, following eight consecutive quarters of growth, the Nikkei started the year very strongly.
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White papersEmerging markets: Mid-year Review
Early euphoria has slowly evaporated in an eventful six months which has taken in trade wars and political uncertainty in Mexico and Brazil.
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White papersFixed income/macro: Mid-year Review
At the start of the year, the world appeared to be in the middle of a highly synchronised economic recovery.
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White papers
Enhancing Equity Index Portfolio Returns Using Select Sector Futures
A traditional sector rotation strategy takes into consideration the business cycle and where current conditions place the market within the cycle, along with which sectors might out- or under- perform others versus the broad market.1 This paper will explore how sector rotation strategy practices may be used by a risk manager to achieve enhanced performance from event-driven price action in addition to long-term cycle rotation.
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White papersTurkey shakes summer thin markets, but contagion risk is contained
The domestic boom has been financed by private debt (mainly external debt). Well before this week’s crisis, Turkey was the most vulnerable country in our EM ranking
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White papersTurkish delight turns sour?
Concerns about the deteriorating Turkish situation helped core government bonds perform better, but credit market spreads were generally a little wider and emerging markets were very weak.
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White papersPortfolio strategies to cope with trade tensions
Escalating global trade tensions can affect regions and asset classes differently.
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White papersWhere will the next financial crisis come from? Are we ready to confront it?
The world is not yet completely out of the 2007- 2008 financial crisis, but the risk of a new crisis already arises. The theme of “regime shift” (volatility, interest rate, inflation, etc.) has resurfaced, which led to a marked correction in financial markets in January – February.
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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 papersExchange rate predictability in Emerging Markets
This paper uses financial and macroeconomic variables to predict currency returns, by using a two-step procedure. The first step consists of a cointegration equation that explains the exchange rate level as a function of global and domestic financial factors. The second step estimates an error-correction equation, for modeling the expected returns. This approach is a factor model analysis, where a Lasso derived technique is used for variable selection.
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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.
