Market gains have been concentrated in large-cap tech stocks in 2020. But many other companies are adapting to a digital-first economy and/or have solid fundamentals.
Is there a market beyond tech?
ESG in COVID times: doing the REIT thing
The Global Property Equities Team highlights how COVID-19 is accelerating the importance of environmental, social and governance (ESG) factors within real estate and the supporting role the sector is playing in the global recovery.
RBA to markets: “We are still here”
Dan Siluk’s insight on why the Reserve Bank of Australia has chosen now to reenter markets with the aim of keeping interest rates at its designated target.
Equities / cash switching rule update
The “monetarist” equities / cash switching rule followed here recommends unhedged global equities (MSCI World index) only when the following two conditions are satisfied:
1. Six-month change in global (i.e. G7 plus E7*) real narrow money above six-month change in industrial output;
2. 12-month change in global real narrow money above slow moving average (currently at 5.6%).
2020 Trends in Investing: ESG Considerations on the Rise
The 2020 Trends in Investing Survey reveals that ESG investing is gaining popularity among financial professionals and investors in the U.S.
Phil Wood
Phil Wood is Global Head of Equity Client Portfolio Managers at Janus Henderson Investors.
Still looks like a “V”
The central view here remains that the global economy is staging a V-shaped recovery – or an italic V, at least – from the covid shock (not recession), with industrial output / GDP likely to regain pre-crisis levels in late 2020 / early 2021.
Global Perspectives Podcast: Strategic Fixed Income Thinking
In the first in the series, Adam Hetts talks to Co-Heads of Strategic Fixed Income Jenna Barnard and John Pattullo. In a candid conversation, the trio cover global credit, inflationary threats, the impact of COVID, fool’s yield and false summits, among other topics.
Fixed Income in DC Plans Survey: A Discussion of Key Findings and Implications
A discussion of our recent survey exploring diversification in defined contribution plans.
Global Natural Resources Outlook
The global natural resources sector represents about 15% of global listed equity and has exposure to growth, infrastructure spending and a very broad range of underlying commodity prices. The COVID-19 crisis has created a short-term demand shock that has been largely balanced by temporary reductions in commodity supply. Oil has been hit the hardest given