12 June 2015
Markets and central banks
Is eurozone quantitative easing (QE) inherently volatile?
In the first week of June, volatility in European and US sovereign debt markets picked up again after a two-week […]
12 June 2015
11 June 2015
Thought leadership and the outlook
How active is your fund manager? The fingerprint of active management
Active management leaves a unique fingerprint on portfolio returns. The return contribution of security selection and market timing – commonly […]
10 June 2015
Thought leadership and the outlook
How active is your fund manager? Should you really care about his Active Share?
The idea that outperformance comes more easily to a fund manager managing portfolios with a larger Active Share is in […]
10 June 2015
Investing
A capital guarantee: but at what price?
Interest rates in Europe fell dramatically until the middle of April 2015 driven, in part, by the European Central Bank’s […]
03 June 2015
Investing
Endocrine disruptors: an underestimated threat…
Pesticides and fertilizers hazardous for humans? We live in a world in which man-made chemicals have become a part of […]
01 June 2015
Thought leadership and the outlook
Imploding populations in Japan and Germany
Developing policies to address questions that arise in the face of population ageing is a huge challenge for governments because there is no precedent.
28 May 2015
Investing
An answer in the search for yield: multi-asset funds
Multi-asset funds are seeing more and more interest from a wide variety of investor types, including individuals, private banks and […]
27 May 2015
Markets and central banks
The ECB – an irresistible force
The ECB’s bond purchases could lead to a scarity of government bonds. Sovereign issuance in the eurozone was strong early this year but it will shrink.
27 May 2015
Investing
Understanding China – infrastructure financing
Recent regulations have led toward higher credit differentiation between LGFVs. Still, clearer solutions are needed to provide clarity for investors.
22 May 2015
Thought leadership and the outlook
Taking stock after the bond sell-off in the second half of April
If investors now view Bunds as more fairly priced, what could prompt a return of the euro parity trade in currency markets?
21 May 2015
Investing
What is not ‘green’ about football?
With the ‘big five’ European football leagues cumulating a revenue of almost EUR 10 billion, investors are putting more importance on socially responsible matters.
20 May 2015
Investing
Life in retirement: it’s getting longer
With longevity rising in OECD countries, funding for one’s retirement period is proving to be increasingly difficult by requiring more individual saivngs.
19 May 2015
Markets and central banks
The one to keep an eye on (for disinflationary pressures)…
Recent events have seen a sharp reversal of market trends, with the PBOC cutting benchmark interest rates and the ECB’s tightening of financial conditions.
18 May 2015
Investing
Are Asian equities in a “sweet spot”?
We believe the relative attractive valuation for Asian equities provides downside support and positions Asia in a “sweet spot”. External factors also play a role.
07 May 2015
Markets and central banks
Portfolio rebalancing, delayed
Portfolio rebalancing is occurring slowly. This shows that the effects of QE are happening gradually, and not that QE is having a less desired impact.
29 April 2015
Markets and central banks
Equity holdings on the rise among official institutions
Assets managed by official institutions have risen significantly in recent years making them a powerful force in financial markets. A […]
24 April 2015
Markets and central banks
Plain sailing?
We are more than a quarter of the way into the year which has promised much in the way of […]
23 April 2015
Investing
Carbon risk: it’s a real hot potato
There is a clear consensus on mankind’s activities being the main source of climate change. Yet the energy industry – […]
