Investors piled back into value stocks as November’s twin breakthroughs in the search for an effective vaccine against Covid-19, by Pfizer/BioNTech and Moderna, renewed optimism and prompted a huge rally in global markets.
Investor appetite for emerging markets has been on the rise, boosted by hopes of a vaccine-led recovery from the coronavirus pandemic, and by Joe Biden’s victory in the US presidential election.
Investors are buying back into safe-haven US government bonds, after expectations of a ‘blue wave’ Democratic victory in the ongoing vote-count for the US presidential election were dashed, causing yields to slide by 0.12 per cent in one day.
Fixed income managers are eyeing the US market with caution as the Presidential election draws nigh, the outcome of which could spell major implications for bond yields, interest rates, and the US dollar.
Conning’s GEMS Economic Scenario Generator selected by the NAIC to provide scenario files for the US life insurance industry
Conning, a provider of risk and capital management software and professional services to the financial industry, has been chosen by the National Association of Insurance Commissioners (NAIC) to provide its GEMS Economic Scenario Generator scenario files for use in calculations of life and annuity statutory reserves and capital under the NAIC RBC requirements.
Soaring debt levels across the world will keep interest rates at rock-bottom levels for years – or even push them into negative territory – and fuel a rise in boom and bust cycles, Aegon Asset Management has warned.
Value investing could see a revival as economic activity picks up in the wake of the Covid-19 pandemic, as asset managers predict that lowly-rated stocks could outperform in the upturn.
Russian specialist Balchug Capital has navigated a path through the pandemic crisis by believing in the fundamental value of its “best ideas” emerging markets-focused equities positions, according to founder David Amaryan.
Risk assets were under pressure during the second half of June as trade war concerns escalated. The MSCI World was down 3 per cent in USD terms during the second half of June, since Trump approved tariffs on Chinese imports.
Mike Amey, PIMCO’s head of sterling portfolio management and ESG strategies on the challenges facing the Bank of England…