Morningstar: two speeds at Blackrock and UBS AM
Blackrock is an established behemoth with total assets that easily overwhelm its closest rivals, while UBS Asset Management is rebuilding following the acquisition of Credit Suisse Asset Management.
Christine Lagarde has always remained a politician
Faithful readers of this column know that I am deeply concerned about the politicization of the European Central Bank (ECB). Lessons from monetary history and piles of academic research support that concern: we simply know that a central bank that listens to what politicians want is bad news for inflation in the medium term.
Investors underestimate risk capacity Yale finds
For decades, investors have been told to balance risk with a simple formula: the 60/40 split between stocks and bonds. New research from Yale argues that approach is fundamentally flawed, leaving many savers too conservatively positioned to maximise long-term wealth.
Het einde van de macrobelegger
Als er iets is dat de beleggingswereld kenmerkt, dan is het dat die vol zit met clichés, papegaaien en een enorme tegenzin als het gaat om verandering. Het is soms lachwekkend hoe beursexperts twintig jaar lang dezelfde oneliners produceren of je bedelven onder hun ‘beurswijsheden’.
‘Health care can regain its role as a safe haven’
The health care sector continues to lag behind the broader equity market, but according to sector analysts, investor pessimism is overdone. Innovation, improving earnings growth, and declining political risks could give the sector renewed momentum in the coming years.
European investors ‘are misreading the cycle’
European investors are approaching the current crisis using analytical frameworks from previous crises. According to chief strategist Mabrouk Cherouane of Natixis Investment Managers, this reflex leads to misinterpretations that directly affect asset allocation.
Neobrokers and neobanks are putting pressure on wealth management margins
Neobrokers and digital banks are advancing into wealth management and are putting further pressure on margins in the sector. Firms must choose between scale or differentiation to avoid ending up in a so-called “Valley of Death.”
Gold price tumbles as investors ‘lock in’ gains and safe-haven role shifts
The gold price fell sharply on Monday morning, dropping nearly 10 percent in a short period and recording its biggest weekly loss since 1983. Higher inflation, rising interest rates, and a stronger dollar are putting pressure on the precious metal. Profit-taking also contributed, experts say.
RMB bonds emerge as hedge in oil shock
RMB bonds may offer an unexpected shelter in a prolonged oil shock, as global fixed income markets struggle to absorb a renewed inflation impulse, according to Allianz Global Investors’ Jenny Zeng.
Wars drive innovation
Necessity breaks laws, but it also breaks existing patterns, paradigms, and drives innovation. Necessity is, after all, the mother of invention. Not abundance or curiosity, but circumstances in which delay is not an option.