Market GPS
Investment Outlook 2021
What should be on the radar for investors in 2021? Market GPS helps direction-set with a video summary, in-depth asset class analysis and our latest portfolio manager views.
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High yield: hunting in the crossover space
In this video, Tom Ross, corporate credit portfolio manager, discusses the global high yield market, exploring the near term outlook, whether defaults might pick up and where they are seeing the best opportunities.
Auspicious times ahead in the Year of the Rat?
As China welcomes in the Lunar New Year, Charlie Awdry, China equities portfolio manager, talks about the impact of the recent trade deal and portfolio positioning.
Is US monetary strength reversing?
US money growth, on a range of measures, picked up significantly during H2 2019.
ECB — one for the specialists
Andrew Mulliner, Portfolio Manager Global Bonds, shares his views on the outcome of today’s European Central Bank meeting, which as he explains was expected to be the hors d’oeuvre of the ECB’s policy review; in reality it was more akin to a notification that the ECB would be cooking dinner.
UK employment rise no obstacle to rate cut
UK rate cut sceptics argue that a rise of 135.000, or 0.5%, in the number of employees in the three months to November from the prior three months signals a strong labour market and will give MPC doves a reason to climb down.
Our ‘integrated ESG’ approach to credit investing
Janus Henderson’s Global Corporate Credit team explain how ESG is integrated into their approach to credit investing.
Chinese firms less downbeat on credit conditions
A fall in Chinese money growth during H2 2019, especially in real terms, suggests that the economy will remain weak through H1 2020.
Early 2020 money data key for global outlook
Six-month growth of global (i.e. G7 plus E7) real narrow money is estimated to have been unchanged at 2.4% (not annualised) in December, based on monetary data covering 70% of the aggregate and near-complete CPI inflation data.
Chinese nominal GDP confusion: slowdown confirmed
The Chinese GDP numbers released on Friday appeared to show a strong pick-up in nominal growth in Q4.
Is China recovering?
Chinese official activity data for December mostly surprised positively, echoing an earlier PMI revival.
Should investors aim high in 2020?
Tom Ross, corporate credit portfolio manager, looks at the outlook for high yield bonds in 2020.
UK inflation slump piles pressure on tardy MPC
The forecast here a year ago was that the MPC would cut Bank rate to 0.5% during 2019.