Sharing our convictions

The Senior Loan Officer Opinion Survey, combined with financial results from the banks, is probably still the most useful tool we have for gauging the cycle’s life expectancy.

A number of threats to risk assets have dissipated and could become positive tail risks for markets moving into 2020.

Capital markets are still being driven by central banks and the hope of reaching an agreement in trade talks. This is our models’ assessment of the situation.

Head of Emerging Markets Bonds Luc D’hooge and his team give you their outlook for Argentina’s presidential transition and the country’s debt markets

One of the few options available to corporate credit investors to generate returns in this low-yield environment is to pick bonds destined for an upgrade. In this Viewpoint, Senior Portfolio Manager Christian Hantel explains how he does it.

A Halloween fright in the form of a no-deal Brexit or an escalation in the trade dispute has not materialized, so we can now take a look at positive developments, especially in terms of central banks.

Today is the United Nations’ World Cities Day, an occasion to highlight sustainable ways of improving urban life across the globe. We stay closer to home, concentrating on a single European metropolis, Milan, whose attractions would shine brighter if it realized its “green” potential in full.

"The European CLO market is much smaller, but given the US is further ahead in the economic cycle, the US market can provide a good indication of what might happen in Europe."

Some of the top companies in emerging markets can now rival – and even outstrip – those in the U.S. and Europe for performance, quality and sophistication. But a passive allocation to the broad emerging market equity index exposes investors to the variegated nature of EM and all the risks embedded in it.

Mario Draghi hands over to Christine Lagarde on October 31. He is a man of many achievements and may have laid the foundation for the “low forever” interest rate era.

Markets appear more confident the UK will avoid a ‘no-deal’ Brexit, but this isn’t feeding through to rate rise expectations. TwentyFour Asset Management's Ben Hayward examines why.

How should we view the mountain of debt in industrialized countries? Is it already so high that a crisis is inevitable? Or can it continue to grow without risking collapse? What do investors have to be mindful of when governments and central banks team up under the name of “modern monetary theory”?