Amundi’s Global Investment Committee recently published an excellent paper on investing in second half 2022. Here we republish its Top Convictions, as well as its central and possible alternative economic scenarios. While covering multiple asset classes, we focus on the fixed income elements, including their Fixed Income suggestions.
Top Convictions
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By Michael J. Bazdarich, PhD, Product Specialist at Western Asset Management
US inflation today is the worst since that of the late-1960s and 1970s, but the current experience differs from that previous period in important respects. Unlike 55 years ago, the current inflation has emerged without any true boom in...
By Erik S. Weisman, Chief Economist and Portfolio Manager, MFS Investment Management
The jury is out on whether the United States economy will be able to avoid a hard landing
We believe the probability of a recession has risen considerably, reflecting concerns over the threat of policy overtightening by the US...
Dr Noah Weinsberger, Managing Director and Dr Xiang Xu, Senior Associate, at PGIM have drafted a very valuable, technical paper assessing stock bond correlations. Here we publish the key take aways.
Stock bond correlation is considered an important input for multi-asset portfolio construction.
For the last 20 years, Developed Market...
MARKET PERSPECTIVE
Inflation concerns remain at the forefront for central banks and investors as global growth continues to trend lower amid supply disruptions, geopolitical challenges and reduction of liquidity, setting the stage for a challenging macro backdrop.
The U.S. Federal Reserve (Fed) remains committed to its tightening policy, hinting at...
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...
In their most recent Insight, EMD on the bread line, Aviva Investors has outlined how soaring food prices and social unrest intertwine with countries’ fiscal positions and its impact on emerging market debt investors.
Rising food prices has increased risk of social unrest in emerging market countries globally
As...
By Sam Morris, CFA – Senior Investment Specialist, Fidante Partners ActiveX
As we move into times of inflation, what do you need to know to direct your portfolio for the future? A look at the forces at play provides insight.
It has been thought that without growth in the money supply,...
by Robert Almeida, Portfolio Manager and Global Investment Strategist, MFS Investment Management
Historical patterns can provide a useful roadmap for the future but can sometimes lead to mistaken assumptions.
Comparing past drawdowns to the present offers little value. Every episode is unique.
Companies are telling investors they can maintain historically...
We hear plenty of experts talking about sectors they favour in the current environment, but how does this translate to your portfolio?
In this article, we talk to Jon Lechte, CEO and Matt Macreadie, Director of Credit Strategy for Income Asset Management for their views on how to allocate in...
