Top 5 biggest outflows: big pain for Pimco
The erratic first half of 2022, which sent leading stock market indices into bear market territory, has clearly left its mark on the fund universe. Fund houses active in the bond markets saw a general outflow of investor money, and although on balance equity funds attracted investor interest, large differences could be seen at the category level. Active funds did not appeal to investors, while the least sustainable investment funds were also out of favour.
Gas prices hanging over economic prospects
As we while away the warm – even hot – summer months in the Grand Duchy, it’s on many people’s minds that winter is on its way. And that means we go back to burning gas. While official sources show that Luxembourg doesn’t import much Russian gas, we all pay the going market rate.
Forty years of the bull market
Forty years ago this week the bull market started in the United States. Not just any bull market, but the biggest bull market ever. Despite the crash of 1987, the dotcom graveyard, the attacks of 11 September 2001, the Great Financial Crisis and the Covid pandemic, this bull market continued to rise, fuelled by structurally falling interest rates, higher valuations and sharply rising profits.
The Dow Jones bottomed forty years ago on 12 August 1982 at 777 points, the same level as in January 1964.
Analysis: static risk profile does not work in a dynamic market
For at least 15 years, risk profiles, used by banks or independent risk managers to assign each client an investment portfolio, have been the subject of discussion. The current trend change from falling to rising interest rates further complicates client communication. The reason: a static risk profile and dynamic markets are hardly compatible. An analysis.
Efama calls for sustainability reporting standard alignment
Calls for the global alignment of sustainability reporting standards is being complicated by differences of views about which standards to back between those developed by the European Union and a competing private sector standard backed by the well-known IFRS accounting standards organisation.
AXA IM : How to feed the world while preserving our planet
The global population has reached 7 billion in 2022 and is expected to reach 8.5 billion in 2030. While there is clear pressure to feed more people, it is critical to do so in a sustainable way to preserve our planet.
PGIM Investments: Recession Risks Ripple Out
After the market drubbing in the first half, fixed income is facing a more balanced picture ahead, according to PGIM Fixed Income’s third-quarter outlook.
UBS AM: Time to scale up?
As renewable electricity is becoming a bigger part of our electricity supply, the irregularity of the natural supply is regarded as an increasing problem. Making use of smart energy storage will offer reliable solutions, according to Mark Saunders.
Defensive equity strategies not as defensive as marketing suggests
While defensive equity strategies have provided protection during previous downturns, this year’s results have been disappointing in some cases. In particular, strategies with a quality growth style have done considerably worse than the market.
Europe is much less attractive than the US
Europe’s energy supply is under severe pressure, and the 8.9% inflation rate in the eurozone seems to be cushioned only by sharp increases in interest rates, which could push the European economy into recession. Is Europe still the continent you want to be in as an investor?
Although the European economy had a relatively good second quarter, with economic volumes up 0.7% on the first, concerns for the second half of the year remain high.