Outlooks – Page 119
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White papersStrategic Relative Value: Q4 2018
The investment climate is becoming more challenging as previous easy monetary conditions are being reversed. Risk/return expectations need to be re-evaluated, but investment opportunities still exist around the world.
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White papersGlobal Investment Views: December 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.
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White papersGlobal Trade War: Where Do we Stand Now? What Impacts?
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.
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White papersItaly moves towards an Excessive Deficit Procedure, but a change of attitude is in the air
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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White papersInescapable investment truths for the decade ahead
Our inescapable truths are the economic forces and disruptive forces we think will shape the investment landscape over the years to come.
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White papersMorocco: moderate economic risks
Growth is expected to slow down compared to 2017 but should stabilise at around 3% this year and in 2019.
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White papersWhat lies ahead for the US economy and markets?
The robust performance of the US economy in 2018 has led to the supremacy of US risk assets compared to the rest of the world. Moving towards the end of the year and into 2019, global investors have started to raise questions about whether the US economy and business sector will continue to shine, how inflation will evolve, and which direction the Federal Reserve will take going forward.
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White papersUS Midterm election: A divided Congress opens two possible scenarios
Key takeaway: In the midterm election Democrats win the House and the GOP (Grand Old Party) strengthens its position in the Senate.
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White papersAsset Class Return Forecasts: Q4 2018
We stick to the view that 2018 will be the peak of the global economic cycle. 2019 will most likely be a year of deceleration albeit with still above trend growth, before a further slowdown of growth towards potential in 2020.
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White papersCentral European countries: Outlook to 2020
Global growth resynchronised in 2017. In this particularly bullish environment, Central European countries “outperformed” with growth rates of between 4% and 6%.
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White papersClient Focus: Women in Investment Management
In investing and other arenas, women are trending higher—and their diverse voices, together, can improve decision-making and success.
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White papersGlobal Investment Views: November 2018
The late cycle narrative behind the autumn market malaise
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White papersBavarian elections: European political landscape continues to evolve
The election result in Bavaria marked the defeat of the conservative CSU, which lost its absolute majority, and of its junior ally, the SPD.
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White papersLate cycle features at play: more pain, but not the end of the game
Market sell-off: a late cycle feature where uncertainty due to tariffs, rates and oil prices are sending some red signals.
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White papersUS midterm election: potential economic agenda and market implications
In the upcoming US Midterm elections on November 6, there are high expectations of divided Congress, with the Democratic Party taking control of the House of Representatives and the Grand Old Party retaining control of the Senate.
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White papersCross Asset Investment Strategy: October 2018
The hot summer in emerging markets has been a key investor theme in the third quarter of this year.
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White papersItalian budget proposal under scrutiny
The key points of the budget law. The Italian Government negatively surprised the markets by announcing a substantially increased budget deficit target for 2019-2021 to 2.4% in a move that could undermine the potential to reduce the Italian debt burden (130% of GDP) in the coming years.
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White papersGlobal Investment Views: October 2018
The hot summer in emerging markets has been a key investor theme in the third quarter of this year. While the ongoing US/China trade tensions continue to weigh on investor sentiment, the sequence of country-specific stories (Turkey, Argentina and South Africa) contributed to the almost indiscriminate repricing of EM assets, starting with plummeting EM currencies.
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White papersRobust asset allocation for robo-advisors
In the last few years, the financial advisory industry has been impacted by the emergence of digitalization and roboadvisors. This phenomenon affects major financial services, including wealth management, employee savings plans, asset managers, private banks, pension funds, banking services, etc.
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White papersCross Asset Investment Strategy: September 2018
Italian budget discussions are going to intensify as the 27th of September approaches, date of publication of the document outlining the new budget law and when there should be more clarity on the key economic projections and deficit targets.
