Schroders: Are credit markets ready to shift gears?
The credit market sell-off has been indiscriminate so far, but we believe that as we enter “phase two” the winners and losers of the crisis are set to emerge.
Investors kept in the dark as earnings season starts
The first US earnings results came in published last week. As always, the major banks were first, showing disappointing results and withdrawing guidance for the second quarter. The consequence: analysts look into a black hole of uncertainty.
‘CSSF fails to enforce fund regulation’
The CSSF is facilitating the defrauding of investors by failing to timely enforce regulation on funds, says David Mapley, director of the LFP 1 Equity Power Fund.
Luxembourg banks find new growth niche
Despite a Brexit-inspired influx of banks to Luxembourg, the number of banks active in the country is dwindling. At the same time however, many of the remaining banks keep growing their revenue thanks to an increasing focus on ultra-high net worth individuals (UNHWI’s). But this success comes with a price.
UBS AM: The next steps for bond investors in the new world
Which four steps can bond investors take now to reflect the current fixed income outlook? As COVID-19 wreaks havoc around the world we look at how investors could be well positioned in bond markets to succeed in the new global economy.
‘Recession creates entry opportunities for private equity’
The real impact of the corona crisis on private equity valuations has yet to become visible, but it’s already time to look for new direct and co-investments. ‘Past experience has shown that post-crisis years are often good vintage years for new private equity investments,’ says Nils Rode (pictured), CIO of Schroder Adveq, in an interview with Investment Officer.
BlackRock advises: Sell US Treasuries
The Federal Reserve is by far the largest single owner of US government bonds. If the Fed continues its buy-back policy at its current pace, all US government debt will be in the hands of the central bank in less than two years’ time. That’s a good reason to sell Treasuries, says BlackRock.
AXA IM: What should you do with your savings amid the COVID-19 crisis?
Due to a situation that is both unique and unpredictable, the markets have lost considerable ground since late February and remain volatile in the short term.
BNP Paribas expects V-shaped recovery
A study of bear markets shows that in 70 percent of the cases stock markets fell back to a new low. In 30 percent there was a continuing recovery after a severe crash. We are probably experiencing the latter scenario now, according to BNP Paribas Fortis’ chief strategist Philippe Gijsels.
Gijsels says that the bank has been busy buying attractively priced shares and high yield bonds for clients for some time now.
Schroders: What next for the US dollar?
Concerns about Covid-19 have led to a sudden increase in demand for US dollars, adding stress to the financial system. Here we look at why this is likely to reverse.