From Sriram Reddy, Managing Director - Credit, Man GLG
Introduction
We have been speaking about the end of the credit cycle for some time, but the speed
of the developments in the first quarter of this year has left us pretty surprised. A
sector that was seen as healthy – banking – has...
Global Investment Outlook from Franklin Templeton
Fixed income deserves a good deal of attention—delivering income is back.
Diversification and income may be enough motivation to move some holdings further out the US yield curve.
Equities should benefit from a taming of inflation and earnings optimism.
Following consecutive quarters of...
Higher for longer is not a new narrative (FOMC) - Seema Shah, Chief Global Strategist, Principal Asset Management.
At today’s Federal Open Market Committee (FOMC) meeting, despite choosing to keep the benchmark policy rate on hold at 5.25%-5.50%, the Federal Reserve (Fed) still managed to deliver a hawkish message. The...
Earlier this week I attended the Australian Securitisation Forum Conference in Sydney. In the opening panel discussion, Luci Ellis, Chief Economist at Westpac (also past Assistant Reserve Bank Governor) and Sally Auld, of JBWere, Annette Beacher of Hesta, Emily Dabbs from Oxford Economics, and Sharon Zollner from ANZ New...
From asset manager Wellington Management
The nature of economic cycles is changing. Domestic output gaps are expected to be far more important in determining inflation in a particular economy than has been seen over the past 20 years of globalisation. Markets and central banks will take time to adjust, but...
Despite data over recent months creating a credible case for interest rates to remain higher for longer, major central banks have continued to fuel optimism of rate cuts this year and investors have increasingly been drawn into locking in the attractive yields across fixed income markets.
Demand for yield has...
In this webinar, we talk with Anthony Kirkham who is the Head of Investment Management/Australian Operations for fixed income manger, Western Asset Management. The company joined The Franklin Templeton Group of companies in 2020. It has USD$491bn in assets under management. In our discussion with Anthony, we drill down...
Recent new issues by NAB, Macquarie, and Ampol might have you thinking about adding capital notes, sometimes called ‘hybrids’ to your portfolio. In this article, we discuss the advantages and disadvantages to help you determine if they might be right for you.
A capital note is a hybrid product and...
Major Asset Classes: Equities, Bonds and Cash
Although global bond yields lifted modestly further and forward earnings slipped lower in October, global equities rebounded as hopes of a slowdown in central bank tightening caused a solid bounce in PE valuations and a decline in the equity risk premium. Overall, global...
From Seema Shah, Chief Markets Strategist, Principal Asset Management
With the fruitful tandem of low central bank policy rates and muted inflation no longer carrying asset prices higher, as they did in the decade following the Global Financial Crisis, investors need to thoughtfully reconsider their portfolio construction process, and reallocate...
