Morningstar: Blackrock versus JP Morgan in EUR Moderate Allocation – global
Active asset allocation is a double-edged sword. Executed well, tactical shifts can generate alpha and differentiate from the benchmark. The trade-off is greater complexity, with more moving parts and higher demands on skill and discipline. Investors should also assess the costs of tactical allocation.
Inflation fears pull European yields further apart
The Iran war has broken the trend toward greater convergence between yields on European government bonds. Yields rose particularly sharply in Italy and the United Kingdom, while countries such as the Netherlands and Spain managed to limit the damage somewhat.
Each week Hormuz stays shut costs Europe 0.1% of GDP
Oil prices will have to climb much higher to stabilise global markets as disruptions in the Strait of Hormuz deepen, JPMorgan said. For import-dependent Europe, the risk of slower growth and higher inflation is rising by the day.
Correlation is not causation
Every time an oil crisis occurs, the recession scenario is immediately dusted off. The oil price rises, analysts pull out their charts, and within a week the first warnings appear that a recession is inevitable. But the relationship between oil crises and recessions is much weaker than is commonly assumed.
Quintet: In times of uncertainty, client contact becomes a competitive edge
In times of uncertainty, it is even more crucial to invest in the human connection that is at the heart of private banking, said Stéphane Pardini, CEO of Wealth Management at Quintet Luxembourg, in an interview with Investment Officer.
Speed, shocks, and strategy: rethinking investment resilience
Interview with Andrea Bertocchini, Sales Director Benelux & Nordics, La Française
Blackrock sees no shift in sustainability approach
From the 17th floor of the Rembrandt Tower in Amsterdam, Blackrock has a clear view of a market where scrutiny of its climate strategy is intensifying. Pension funds, policymakers, and activist groups are raising questions about the role of the world’s largest asset manager in the energy transition.
Natixis goes all in on US equities: ‘Fear of stagflation is vastly overstated’
The French asset manager Natixis is strongly in favor of US equities in its asset allocation. Despite the war in Iran and trade tariffs, the outlook for the US economy is actually quite positive, argues chief strategist Mabrouk Chetouane.
Chart of the week: why the bull market isn’t over
With no end to the war with Iran in sight, talk of a recession is resurfacing. Yet other indicators suggest that the bull market is far from over.
Morningstar: Loomis Sayles vs Nordea in European high-yield bond
Geopolitical conflict and renewed inflationary concerns sapped the wind from high-yield sails.