PGIM Investments: Back to growth realities
Jennison Associates’ , a PGIM Business, Mark Baribeau, CFA highlights four realities supporting a continued growth stock rally and secular trends reshaping the future.
UBS AM: Markets underestimate the sturdiness of economic fundamentals
Investors are underestimating the sturdiness of economic fundamentals, that predict higher nominal GDP growth in this cycle, says Evan Brown, global chief strategist at UBS Asset Management in his latest Macro Monthly.
AXA IM: COP26: Key takeaways for investors
As world leaders gathered in Glasgow in a bid to secure a more sustainable future for the planet, COP26 had a very much ‘make-or-break’ feel about it.
Interest rate hike will burst tech bubble
It is not a question of whether the tech bubble will burst, but when, Amundi CIO Pascal Blanqué warned again. According to him, the bubble will burst as soon as interest rates rise.
Blanqué spoke about this during the outlook for 2022 that he, deputy CIO Vincent Mortier and head of research Monica Defend presented to journalists on Wednesday.
EM debt a paradise for active investors
“The world needs to be prepared for a debt crisis in emerging markets. Rising interest rates will draw capital away from vulnerable countries”, warned Kristalina Georgieva, director of the IMF. For the time being, not everyone feels moved by this warning, “emerging market debt is a paradise for active investors”, according to Wouter van Overfelt, senior portfolio manager EM debt at Vontobel, in an interview with Fondsnieuws, Investment Officer Luxembourg’s Dutch sister publication.
PGIM Investments: Stay the course for now
PGIM Quantitative Solutions’ 4Q 2021 Outlook explains why despite a few speed bumps, moderate pro-risk positioning remains supported by a robust global recovery.
JP Morgan fund increases short positions in equities
The exuberance in the equity markets is a little too much for the managers of JP Morgan’s €6 billion Global Macro Opportunities Fund. “This was the reason for the investors to increase the number of short positions in shares, via options on the S&P 500 and individual short positions in a few individual titles. We’ve reduced the risk”, said Nicola Rawlinson in an interview with Fondsnieuws, Investment Officer Luxembourg’s Dutch sister publication.
SDG failure to have immense impact on investments
Two thirds of the UN sustainable development goals are in danger of not being achieved, warned Ben Constable-Maxwell of M&G. In some areas, great strides are indeed being made in the right direction, but in the area of hunger and poverty, the Covid pandemic has caused a setback.
Columbia Threadneedle acquires BMO asset business to strengthen EU position
The US-British asset manager Columbia Threadneedle thinks it can significantly strengthen its position in Europe after acquiring the EMEA asset management business of Canadian firm BMO Financial Group. It provides more scale, especially in Europe and it provides many complementary strategies and products.
Challenging times ahead for real estate investors
The warning that climate-related damage will be more difficult to insure is growing. A challenging time is coming for real estate investors, as their investment horizon becomes riskier.