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Investment

All NEWS and PR Investment stategy Pages
03
Jun
2013
AUSTRALIAN CREDIT IS A SHELTER
Having reached new highs on main developed markets this year, investors should now consider diversification at least to...
Bonds
Having reached new highs on main developed markets this year, investors should now consider diversification at least to protect realized performance. In this context, we draw attention to the Australian credit market. It is always smart to have a defensive play, even if one’s general sentiment is bullish. Australia remains a member of an increasingly elitist...
en/media/press-releases/press-releases-detail/news/australian-credit-safe-heaven/
03
Jun
2013
THE REVIVAL OF THE BANK LOAN MARKET
As markets start wondering about the timing of QE tapering and simultaneously banks need to deleverage, we believe...
Bonds
As markets start wondering about the timing of QE tapering and simultaneously banks need to deleverage, we believe qualified investors should take a closer look at bank loans. It is fair to say that Central Bankers have been driving markets up so far this year with extended and massive QE policies.One of the consequences of QE is the artificially low rate...
en/media/press-releases/press-releases-detail/news/the-revival-the-bank-loan-market/
03
Jun
2013
ASEAN : IN THE MIDDLE OF A MULTI-YEAR RERATING
The structural change in the Chinese’ role, the cyclical rebound in the Japanese economy and the lowering commodity...
Asset allocation
The structural change in the Chinese’ role, the cyclical rebound in the Japanese economy and the lowering commodity prices are key factors sustaining ASEAN countries performance relative to other Emerging Markets.
en/media/press-releases/press-releases-detail/news/asean-the-middle-multi-year-rerating/
03
Jun
2013
Editorial
SEARCHING FOR YIELD As expected at the end of last year, risky assets have outperformed, delivering superb performance...
Wealth management
SEARCHING FOR YIELD As expected at the end of last year, risky assets have outperformed, delivering superb performance year-to-date. Total returns for equities are double-digit for a large fraction of markets and about 5% for high yield corporate bonds. Despite this good performance, we remain convinced that there is further upside to catch as current equity...
en/media/press-releases/press-releases-detail/news/-e5d11e3fe2/
05
Feb
2013
Investment grade becomes too expensive
2012 marks a record high performance for Investment Grade credit in developed markets. In our view, the risk becomes...
Funds
2012 marks a record high performance for Investment Grade credit in developed markets. In our view, the risk becomes asymmetric for 2013 as we are approaching a floor in terms of yield compression. Over 2011, markets were adopting a quite cautious stance: while all market analysts underlined the strength of corporates’ balance sheets, they were much more...
en/media/press-releases/press-releases-detail/news/investment-grade-becomes-too-expensive/
05
Feb
2013
Editorial
2013: IT IS NOW TIME TO RECONSIDER RISKY ASSETS ! Looking ahead first requires looking back to consider the legacy of...
Wealth management
2013: IT IS NOW TIME TO RECONSIDER RISKY ASSETS ! Looking ahead first requires looking back to consider the legacy of the financial crisis. Five years after the crisis broke out, Western economies are still in repair whereas emerging economies have against expectations brilliantly weathered the downturn and continue to fare well. We are inclined to convey a...
en/media/press-releases/press-releases-detail/news/-2da52b294a/
05
Feb
2013
Add cheap growth to portfolios – buy China
Emerging Markets equities are a call option on growth. Should its economic recovery be confirmed, adding Chinese stocks...
Bonds
Emerging Markets equities are a call option on growth. Should its economic recovery be confirmed, adding Chinese stocks to global portfolios is a cheap way to get exposed to the global recovery. Emerging markets tend to perform when global growthaccelerates. Indeed, this year, EM equity performancehighlighted that emerging market economic growth on its own is...
en/media/press-releases/press-releases-detail/news/add-cheap-growth-portfolios-buy-china/
05
Feb
2013
Improved visibility drives asset dispersion up
When market movements dominate individual stock or bond prices, correlation between assets is usually high. We believe...
Asset allocation
When market movements dominate individual stock or bond prices, correlation between assets is usually high. We believe that, next year, better visibility about the economic environment in the US may globally reduce asset correlation, driving up dispersion. Traditionally, when macro risks remains elevated, marketmoves explain a large part of assets’ returns....
en/media/press-releases/press-releases-detail/news/improved-visibility-drives-asset-dispersion/
17
Jan
2013
COMMERCIAL REAL ESTATE: RESILIENT YIELD
As fixed income returns have significantly come down, investors venture beyond traditional bond markets to meet their...
Bonds
As fixed income returns have significantly come down, investors venture beyond traditional bond markets to meet their fixed return objectives. Commercial real estate markets look appealing as they offer a potential defensive profile, long term visibility and a hedge against inflation. For investors looking for fixed and stable returns over a long period of...
en/media/press-releases/press-releases-detail/news/commercial-real-estate-securing-yield/