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.

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.

Macrocast - How to feed your dragon

Sometimes monetary policy is akin to feeding dragons: markets tend to be insatiable, and they may end up burning you.

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.

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...

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...

Macrocast - Monetary Policy Special

This Macrocast focuses on a single theme: monetary policy. It is probably unfair to ask from our readers who are currently dealing with a nasty heatwave to digest a fairly technical and theoretical...

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.

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”.

Is it time to buy inflation breakevens?

The bond market has been on fire since the beginning of 2019. Interest rates are lower, and spreads are tighter thanks to the radical turnaround from all major central banks (from policy...

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,...

AXA Investment Managers appoints Rachel Basarab-Horwath as Institutional Sales Director

AXA Investment Managers announces the appointment of Rachel Basarab-Horwath as Institutional Sales Director, effective immediately.

Professional Advisor - A shift in the retail power balance

There seems to be no stopping the rise of online retail. Global online sales figures continue to soar as our appetite for on-screen shopping grows and grows.

Professional Advisor - Is Brexit jeopardising the UK’s ‘flat white’ economy?

If you were asked to name a group who’s fuelling the UK economy, hipsters might not be on the top of your list. After all, cereal cafes and digital start-ups can lack the longevity (and...

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...

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...