Hot Topics

Political uncertainty to create short-term instability for Spanish bond spreads
By Paul Brain, Head of Fixed Income at Newton Investment Management “This month Spain will hold its third general election in less than three and a half years. The polls suggest votes could be split between the existing left/right parties and the new right-wing...
Investor Confidence Rose in April by 1.7 Points to 72.9
State Street Global Exchange today released the results of the State Street Investor Confidence Index® (ICI) for April 2019. The Global Investor Confidence Index increased to 72.9 up 1.7 points from March’s revised reading of 71.2. Confidence among North American...
Stock options for dummies
Golden rules for option investors The investing in stock options from listed companies is very popular, mostly in Western Europe and the US. Many historians state that the invention of options was done in Amsterdam (the Netherlands). Stories go that the options...
Could deposit tiering lead to more bank M&A?
For monetary policy to succeed, you need a health and integrated banking system. Europe has neither. That is why it is important not to consider the ECB’s potential plan to introduce tiering on deposits in the context of a new cheap long term financing programfor...
Schroders: too many uncertainties now because of Brexit
Azad Zangana This week’s Brexit votes: Brexit vote night no.1 - withdrawal agreement: On Tuesday night, MPs voted down Theresa May’s withdrawal agreement – the second defeat. The 149 majority (391 vs 242) was greater than had been expected – but significantlynarrower...
MainFirst keeps prefering cyclical companies
What is your view on the relationship between bottom-up and top-down approaches, as markets become more international? Olgerd Eichler For our funds, we apply a bottom-up approach to identify potential outperformers regardless of any specific sector view.In...
Lessons from a decade of bank bailouts
Mark Burgess, Deputy Global CIO and CIO, EMEA Columbia Threadneedle A decade on, banks in some major economies have largely recovered from the global financial crisis (GFC). In others, however, legacies of bad assets continue to clog the banking system, stalling...
Brexit vote: Next steps
UK Prime Minister Theresa May’s Brexit defeat, the heaviest in House of Commons history, has done little to clarify the direction of travel on Brexit. May faces a parliamentary vote of confidence and has three days to come up with a plan B. There are many branching...
Brexit vote: Next steps
UK Prime Minister Theresa May’s Brexit defeat, the heaviest in House of Commons history, has done little to clarify the direction of travel on Brexit. May faces a parliamentary vote of confidence and has three days to come up with a plan B. There are many branching...
Bottom-up research dominant for Clearbridge, prefers classic valuation metrics
Interview with Peter Bourbeau, portfolio manager Legg Mason Clearbridge Large Cap Growoth Fund Peter Bourbeau What is your view on the relationship between bottom-up and bottom down approaches, as markets become more international? As a manager of large cap...
China’s long green march
Next year will mark the latest milestone in China’s drive to reduce its carbon footprint if it can consolidate its position as the world’s top importer of natural gas, having just overtaken Japan. The country is simultaneously the world’s worst emitter of carbon...
Is the US technology industry being defanged?
Paypal founder Peter Thiel predicted in his 2014 Wall Street Journal essay ‘Competition is for losers’ that Silicon Valley would become the centre of the global economy. He claimed that by operating under a set of rules that involve little competition or regulation,...
Columbia Threadneedle Asset class outlook for 2019
Equities As we approach 2019, equity markets have experienced a bout of volatility of the type not seen for several years. Rising inflationary expectations prompted a widespread sell-off across the globe as investors priced in the prospects for monetary tightening....
U.S. Midterm Election Preview: Policy Gridlock Ahead
If you live in the United States, it is hard to escape news of the upcoming midterm elections on 6 November. But for investors, are these midterms really significant? Importantly, we believe trade policy risk will continue unabated regardless of the outcome....
EU Investment professionals increasingly consider ESG factors, while opposing a European Commission mandate
CFA Institute, the global association of investment management professionals, publishes today a new report, The Evolving Future of ESG Integration in Investment Analysis, based on a survey of CFA Institute members based in the European Union (EU). The survey...