Macrocast - Von der Leyen versus Trump

With the round of top nominations in the EU now largely behind us, it is time to focus on the policy substance.

Iggo's insight - Holidays in the sun

President Trump appears to want much lower rates and a weaker dollar. Those views are political. If we were to get them, then US inflation risk premiums could rise.

Rising trade tensions weigh on Fed outlook

We expect negotiations to resume between the two countries after a meeting between their Presidents at the end of this month, despite recent hawkish rhetoric.

What investors need to know about clean technology

Consumers, governments and corporations are assessing their environmental practices, and developing new clean technologies, as the impact of climate change takes its toll on the planet.

US economic data underlines case for rate cut, China recovery not yet on solid footing

Last week was an important one for US monetary policy. Federal Reserve Chair Jerome Powell gave testimony to Congress where he effectively endorsed market expectations for an easing in monetary...

Iggo's Insight - Yield not equal to return

Bonds have sold off a bit this week, but I believe that the bull market remains in place. Global monetary policy is about to be eased yet there are reasons to be relatively relaxed about the...

Macrocast - The Fed’s pre-emption function

Jay Powell chose to accentuate the negatives at his House Committee hearing. He downplayed the strength in the latest US GDP print and focused on the slowdown in business investment.

Lower rates, slower growth

With trade tensions being the largest threat to the macro outlook, investors are looking to central banks to provide support. So far, central banks have indicated their willingness to provide...

Coping with financial market volatility: Lump sum versus regular investing tactics

Despite concerns over slowing global growth, the ongoing trade war and the prolonged uncertainty surrounding Brexit negotiations, the first half of 2019 has been relatively kind to investors....

Chasing yield: Bond liquidity in a post-crisis world

There has been no shortage of press coverage on financial market liquidity in recent months, with at least three examples of asset managers experiencing difficulties with the management of mutual...

Global water supply will remain stagnant

Global population is increasing while water resources remain the same.

Rosenberg - Diversity in Earnings Calls

In this note we analyse quarterly earnings calls for evidence of commitment to and progress in creating diversity.

Logistics: retailers’ new front office

The consumer has taken power in the retail industry which has put retailers on the backfoot and caused a structural rethink of the traditional business model. Omni-channel retail has emerged as the...

Macro insights - US employment data rebounds, Greece hits the polls while trade tensions emerge between Japan and South Korea

Last week’s US employment report eased concerns over a potentially imminent interruption to jobs’ growth, with June’s headline 224,000 expansion, unwinding May’s disappointing numbers.

Macrocast - Changing of the Guard

Although the G20 meeting brought a much-expected truce between China and the US, the lack of resolution on trade leaves us on the grumpy side, while the data flow continues to hesitate between...

Iggo's Insight - Here Comes the Summer

Bond returns are being driven by expectations of monetary easing and an unerring search for yield. The result is yields that are increasingly falling below policy interest rates. This may only...

A lifetime of gender inequality: What investors can do

Investors’ focus on diversity has principally centred on female representation in the board room. But in this research paper we study the dynamics of gender inequality throughout a woman’s entire...

Macrocast - A humble address to the ECB

In principle, trade wars should affect US domestic demand via price signals. The tariff hikes would trigger a decrease in households’ purchasing power via a spike in consumer prices unmatched by...

AXA Investment Managers selected by Foresters Friendly Society to manage Multi-Asset Mandate

Foresters Friendly Society (Foresters), the mutual insurance provider protecting families since 1834, has appointed AXA Investment Managers (AXA IM) to manage a £175 million multi-asset mandate on...

Macro insights - US/China trade tensions ease; focus moves to Fed policy outlook and EU leadership

US President Donald Trump and Chinese President Xi Jinping held meetings on the fringes of the G20 meeting in Osaka this weekend.