‘US trade deficit is a mathematical problem, not a political one’
High US import tariffs are meant to help reduce the budget deficits of the United States. “Whoever the next two or three presidents may be, they will face exactly the same problem: the country must find a way to reduce its deficits. Because they are unsustainable.”
Global trade after Trump
Following Donald Trump’s “Liberation Day,” investors are grappling with a fundamental question: Is a trading order possible that is less dependent on the United States? Or are we on the brink of a new Great Depression, as some doomsayers suggest?
Invesco - Gold update
Gold had one of its best monthly performances in March, gaining 9.3%. Heightened uncertainty around looming trade tariffs supported the yellow metal. Global flows into gold exchange-traded products were positive for the fourth-straight month.
Belgium plans dual defense funds, invites financial sector to join in
Belgium is entering the European defense investment arena with two new public-private initiatives, one at the federal level and another from the Flemish government.
Morningstar: Pzena versus Stewart Investors in EM equities
Emerging markets delivered a relatively resilient start to 2025. Morningstar this week compares the Pzena Emerging Markets Focused Value fund and Stewart Investors Global Emerging Markets Leaders fund.
Schroders : Global equities-opportunities as we navigate the new world order
Global equities: opportunities as we navigate the new world order
AllianzGI creates private markets division, names Jozan as head
Allianz Global Investors has announced the creation of a dedicated private markets division, appointing Edouard Jozan as head of private markets.
Roelof Salomons: ‘Increased frequency of internal memos’
Roelof Salomons hit the ground running when he became Chief Strategist at Blackrock Netherlands exactly six months ago. According to him, we are at a turning point. Capital flows are shifting direction, creating tremendous opportunities for investors in Europe.
Transfers: Nagelmackers, HF Quarters, Edmond de Rothschild, Allianz GI
This week’s overview of transfers and appointments in and around Luxembourg includes updates from Edmond de Rothschild, Bank Nagelmackers, HF Quarters, and Allianz Global Investors.
Capital Group | Decoding tariffs: What’s the economic impact?
A new round of tariffs targeting Canada, Mexico and China has whipsawed financial markets in recent days as investors wrestle with the implications of rising policy uncertainty and the impact on the global economy.