Iggo's Insight - Price Action

Over the long run, total return in bond investing is driven by income. This year it has all been about capital appreciation. Bond prices have moved aggressively and this leaves the market subject...

Iggo's Insight - Doesn't Feel Good

Bond yields have plunged this summer. The cyclical slowdown and a wall of political worries has created a surge in demand for safe assets. Investors are trying to figure out what it all means.

Evolving Economy - Using technology to tackle growing electronic waste

Electronic waste – more commonly known as e-waste – refers to the disposal of broken or obsolete electronic equipment, and unless it is disposed of responsibly, it can have serious...

Research - Easing cycle underway

Going forward, we expect Asian central banks to continue to cut rates with a few exceptions – Bank Negara Malaysia and State Bank of Vietnam.

Macro Insights - Italian and Argentinian political developments, while UK Q2 GDP is lower than expected

Last week Lega leader Matteo Salvini submitted a no-confidence motion, following a contentious Senate vote on the construction of a high-speed rail link between France and Italy.

Macro insights - Trump trade policy dominates, Fed announces rate cut, BoE position unchanged

It is with a certain resignation that we observe US President Donald Trump once again plunging the US into heightening trade tensions with China.

ESG and financial returns: The academic perspective

An increasing amount of academic research is showing that the incorporation of environmental, social and governance (ESG) factors can potentially lead to better performance for both companies and...

How are challenger banks disrupting the retail banking industry?

The past 2-3 years have seen challenger banks gain traction, with some attracting significant venture capital funding.

Macro insights - ECB determined but undecided while Fed rate decision will dominate and UK PM hardens Brexit stance

The introductory statement of last week’s ECB meeting was dovish on several fronts. The ECB introduced an easing bias in its forward guidance of “rates at present or lower levels”, and emphasised...

Managing Inconsistencies: what Prime Minister Johnson means for Brexit

Boris Johnson has become the new UK Prime Minister. He made a host of broad commitments, most to be implemented over the medium term and in conjunction with new Chancellor Sajid Javid.

Rosenberg Equities - Global Factor Views

The global economy continues to deliver modest growth on the back of a resilient US. Elsewhere, macroeconomic data has been disappointing, with the Eurozone, UK and China all showing signs of...

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.

July Investment Strategy - Prevent horizon: US sidesteps recession for now

The US economic slowdown remains modest – the world’s largest economy looks set to avoid a recession in the next 12 months, thanks to the Fed’s monetary easing

UK reaction: Prime Minister Johnson - Managing Inconsistencies

• Johnson wins Conservative leadership election (66% to 34%).
• In a short speech Johnson reiterated his campaign mantra “to deliver Brexit, unite the country and defeat Jeremy Corbyn”.

AXA IM announces changes in its Structured Finance teams

Jean-Philippe Levilain, who is currently Head of Loans & Private Debt within AXA IM Structured Finance, will take on a new role outside of AXA IM and leave the company effective September 15,...

ECB to signal easing bias, US GDP growth to soften ahead of rate cut, UK will gain new Prime Minister

European Central Bank (ECB) back to easing bias. On Thursday, we expect the ECB to remain on hold and to signal its intention to cut the deposit rate in September by 10 basis points (bps) - with...

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...