OpinioPro Research


Financial Investigator Research by OpinionPro

  • Invesco - A contrarian view on Europe

    Invesco - A contrarian view on Europe

    zaterdag 23 maart 2019

    Economic clouds are somewhat darker in Europe compared to this time last year, but we are not subscribers to the notion of an economic Armageddon. European equity markets are trading well below levels seen at the end of 2017 as investors have penalised the asset class in response to several challenges – some of Europe’s own making and some from further afield. Against this backdrop,

  • AXA - The week in rev-EU

    AXA - The week in rev-EU

    zaterdag 23 maart 2019

    It was the week before Brexit, until 12 April became the new deadline 
    Last week’s “Week in rev-EU”, left a Parliament that had rejected the UK-EU negotiated Withdrawal Agreement by a large 149 deficit (although improved from the historic 230 vote defeat in January), it had ruled out a “no deal” exit at any time, and it had ruled to seek

  • UBP - Emerging Market Fixed Income – 2019 Outlook

    UBP - Emerging Market Fixed Income – 2019 Outlook

    woensdag 30 januari 2019

    • 2018 was a volatile year for EM fixed income, due to a combination of negative global and idiosyncratic factors. Still, the relative performance of the different EMFI sub-asset classes was in line with their longerterm risk-adjusted trends. • The outlook for 2019 is more positive as EM and developed market growth should remain solid, EM political risk is easing, and commodities shoul

  • AXA - Liquidity: The tide is high as central banks hold on

    AXA - Liquidity: The tide is high as central banks hold on

    zaterdag 23 maart 2019

    Monthly Investment Strategy 
    From the European Central Bank’s tiny steps to the US Federal Reserve’s balance sheet policy, the liquidity tide is high 

  • AXA - Liquidity: The tide is high as central banks hold on

    AXA - Liquidity: The tide is high as central banks hold on

    zaterdag 23 maart 2019

    From the European Central Bank’s tiny steps to the US Federal Reserve’s balance sheet policy, the liquidity tide is high 
    In March, both the European Central Bank and the US Federal Reserve leant on the dovish side: the “central bank put” is well in place • The macroeconomic news flow has been rather soft in China and Japan, mixed in the

  • Erste Group - Brexit - When will final curtain fall?

    Erste Group - Brexit - When will final curtain fall?

    zaterdag 23 maart 2019

    Week Ahead
    A good drama requires a timely end after all emotional highs and lows have already been reached. Failure to deliver this leads to fatigue or - even worse - boredom. We are now at this point in the Brexit drama. At the same time, however, the final outcome will be decisive for market developments in the coming months, and we must therefore hold out until the fin

  • Invesco - Dialling down the risk

    Invesco - Dialling down the risk

    donderdag 21 maart 2019

    The Big Picture
    2019 started well, both for us and for markets in general. We expected a rebound after the late-2018 sell-off but must now balance weaker than expected economic outcomes, barely adequate monetary growth and lower yields against more accommodative policy settings. Though we do not expect recession this year (and project the best medium-term returns on equit

  • NN Investment Partners - Driving in poor visibility

    NN Investment Partners - Driving in poor visibility

    donderdag 21 maart 2019

    Weekly Houseview
    Market visibility is obscured by inconclusive macroeconomic data, seasonal effects and polical uncertaines, yet risky assets are maintaining this year’s posive trend. 

  • S&P Global - Indexing Risk Parity Strategies

    S&P Global - Indexing Risk Parity Strategies

    donderdag 21 maart 2019

    The S&P Risk Parity Indices
    Modern Portfolio Theory (MPT), introduced by Harry Markowitz in 1952, sets the framework for building optimal portfolios in which market participants can potentially maximize portfolio returns for a given level of risk. The theory introduces the notion of portfolio diversification by holding non-correlated assets. At the core, one should no

  • Achmea - De Fed geeft lucht Beleggingsomgeving

    Achmea - De Fed geeft lucht Beleggingsomgeving

    donderdag 21 maart 2019

    Investment Letter 
    De laatcyclische fase van de wereldeconomie en de diverse politieke risico’s kunnen zorgen voor volatiliteit op de financiële markten. Momenteel zorgt de draai van het Fed-beleid voor een gunstig beleggingsklimaat. Deze draai werkt positief uit op beleggingen uit opkomende landen. De verwachte rendementen voor de middellange termijn zijn

  • AXA - Deutsche Qualität

    AXA - Deutsche Qualität

    vrijdag 22 maart 2019

    The German economic cycle in question
    •  Overall, we see German GDP growing by 0.9% in 2019. • Risks are skewed to the downside and are primarily external.

  • Erste Group - Fed maintains positive outlook and lowers interest rate expectations

    Erste Group - Fed maintains positive outlook and lowers interest rate expectations

    vrijdag 22 maart 2019

    FOMC interest rate decision
    As expected, the Federal Reserve's interest rate decision-making body (FOMC) decided to keep interest rate levels unchanged at yesterday’s meeting. The target interest rate thus remains within the range of 2.25-2.5%. The assessment of the economy became more cautious, albeit limited to the first quarter. The strength of the labor mark

  • T. Rowe Price - China’s Bond Market Opens For Business

    T. Rowe Price - China’s Bond Market Opens For Business

    donderdag 21 maart 2019

    Key Insights
    • The inclusion of Chinese local currency bonds in the Bloomberg Barclays Global Aggregate Bond Index will include representation in the global fixed income market. • Foreign ownership of Chinese bonds is likely to increase, which will support the renminbi but will also subject China’s bond market to greater external discipline. • We beli

  • ECB - Labor share and growth in the long run

    ECB - Labor share and growth in the long run

    donderdag 21 maart 2019

    Working Paper Series
    This paper establishes some stylized facts of the long run relationship between growth and labor shares using historical data for the United States (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the existence of long-term cycles in labor share of thirty to fift

  • ECB - Economic and monetary developments

    ECB - Economic and monetary developments

    donderdag 21 maart 2019

    Economic Bulletin
    Based on a thorough assessment of the economic and inflation outlook, the Governing Council took a series of monetary policy decisions at its monetary policy meeting on 7 March. The weakening in economic data points to a sizeable moderation in the pace of the economic expansion that will extend into the current year, even though there are signs that some

  • S&P Global - Index Dashboard: Risk & Volatility March

    S&P Global - Index Dashboard: Risk & Volatility March

    donderdag 21 maart 2019

    COMMENTARY
    As December’s price swings in U.S. equities fade into history, VIX has declined back to the low teens and – despite the potential for an upset from today’s Federal Reserve announcement – the volatility gauge closed last night at a serene 13.56.
    Given the sub-14 level of the spot VIX, the current VIX futures curve is relatively flat

  • Northern Trust - Looking Foreward

    Northern Trust - Looking Foreward

    donderdag 21 maart 2019

    Financial markets are discounting mechanisms, and the global equity markets are currently discounting an improvement in growth as 2019 unfolds. The global rally in 2017 correctly anticipated the improvement in growth and earnings in 2018, while the market weakness in the later part of 2018 foreshadowed the current global economic slowdown. Since late December, however, markets have begun to pri

  • Pimco - Flatlining at The New Neutral

    Pimco - Flatlining at The New Neutral

    vrijdag 22 maart 2019

    Cyclical outlook march
    We believe short-term interest rates in the U.S. are now anchored in The New Neutral, as global growth keeps synching lower. 

  • ECB - Effectiveness of policy and regulation in European sovereign credit risk markets: a network analysis

    ECB - Effectiveness of policy and regulation in European sovereign credit risk markets: a network analysis

    vrijdag 22 maart 2019

    Working Paper Series No 90 / March 2019
    We study the impact of changes in regulations and policy interventions on systemic risk among European sovereigns measured as volatility spillovers in respective credit risk markets. Our unique intraday CDS dataset allows for precise measurement of the effectiveness of these events in a network setting. In particular, it allows disc

  • AXA - Why earnings matter

    AXA - Why earnings matter

    donderdag 21 maart 2019

    Reaffirming the philosophy that underpins our investment process
    Rosenberg Equities’ core investment belief is that earnings matter. Why? Because we believe that future earnings and fundamentals ultimately drive share prices. We seek to capitalise on this by building what we define as an ‘earnings advantage’ into every portfolio. This earnings advantage

 

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