As we look ahead to the next three months, and consider how to invest on behalf of our clients, we are confronted by seemingly conficting signals from depressed bond yields and exuberant equities.
We stay bullish on risk assets as we believe the medium term outlook for markets has actually improved
Can environmental, social and governance concerns (ESG) fit within a factor-based portfolio? In this article, we tackle two issues: the inconsistency in methodologies for ESG scoring, and ways to integrate ESG considerations into factor portfolios.
Unfortunately for markets, our bearish outlook for 2018 came to pass. For 2019, the key question is how tightening fnancial conditions will impact heavily indebted borrowers – and whether this raises the risk of recession.
The economic expansion of the last decade has been a consistent tailwind for financial assets. We see next year as the start of the twilight zone between expansion and an eventual downturn that will likely mark the end of the cycle.
Whether you’re looking at equities, bond yields, currencies or economic strength, it’s the US that’s been leading the charge. Is this likely to continue?
Developments in trade tensions, emerging markets and European politics may determine the trajectory of markets over the coming months.
Investors have been buffeted by a large number of negative headlines in 2018. We remain of the view that tightening global liquidity conditions are likely to exacerbate market volatility.
"We are publicising the global corporate leaders and laggards on climate change."
What should investors make of rising yields, higher volatility and wider credit spreads?
The ‘one share, one vote’ standard has been in place since 1940 but the number of companies with unequal voting rights is on the rise.
Can cyclical tailwinds paper over the structural cracks? And what’s the outlook for global trade, China and equity investors?
While trade tensions have escalated in recent months, we believe the case for emerging markets remains compelling - if investors know where to look.
While the financial reforms pose risks to trading, we can take heart from the benefits of greater transparency, says Ed Wicks, Head of Trading at LGIM.
Get ready for a shift in UK market leadership, says Stephen Message, manager of the L&G UK Equity Income Fund.
Are market expectations too good to be true?