High-yield bonds have had a very strong bull run since 2009. Can this continue? The credit specialists from BNP Paribas Asset Management’ Multi Asset team present the investment cases for and against high-yield bonds.
When applying the best academic thinking to the forecasting of equity returns we find equity markets still have further to go in the next 12 months – despite the recent bull market
While the prospect of interest-rate rises and higher inflation could have many investors heading for the exits, these phenomena could brighten the outlook for convertible bonds as the asset class benefits from its position halfway between equity and straight bonds on the asset class continuum, adding another leg to its recent strong run.
In last year’s turmoil over the US tapering plans, India was labelled as one of the ‘fragile five’ emerging markets. Now, with the equity market rallying and the country having just completed a general election, Anand Shah, CIO of BNP Paribas Asset Management India in Mumbai, provides a timely inside view on what to expect from the new government, and the implications for investors.
Inflation rates have fallen significantly in the eurozone this year and led the ECB to announce, on 5 June, a packet of measures to head off deflationary threats. The jury is now out on how effective these measures will be.
Given the current expectations of rising interest rates, it could be opportune now to choose an absolute-return strategy to diversify a traditional fixed-income portfolio.
The ECB’s messages are clear: inflation will stay low and below its policy objective for quite some time; policy rates will stay low for years to come; if need be the ECB can do more but let’s see first how this works.
After a brief correction in January, equities, real estate and commodities have all rallied so far this year, while bond yields have fallen, most strongly in ‘peripheral’ eurozone economies.
A renminbi short-duration bond strategy can offer investors a powerful blend of yields higher than those on comparable fixed-income issues, potential currency gains and diversification benefits, argues Adeline Ng, head of Asian fixed income.
A new paper by the Financial Engineering team shows how simple strategies based on astute risk management can generate additional returns for investors.
Comforting economic news and low levels of the ‘fear gauges’ in markets reflect a peaceful environment, yet investors feel unease. This is healthy and should prolong the bull market.
William De Vijlder says on CNBC that global investors remain concerned about China’s property sector.
How can high-yield bonds create alpha for investors seeking performance and risk control? What are the challenges and prospects for this market?
Target-date funds match a variety of investment horizons and individual long-term needs.
Growth potential for decades.
Research chair on Asset Liability Management and Institutional Investment Management.
The answer: be innovative, audacious and capable of creating value
A strategy focusing on reduced exposure to potential swings.