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Cross Asset Investment Strategy June 2013 pdf I 1513.23 ko
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Weekly newsflash
Emerging debt markets sell-off creates opportunities
Paris, 14 June 2013
In the Eurozone, April industrial output figures came out above forecasts. In the US, although May retail sales were strong, industrial output was slightly disappointing. Deflation is continuing in Japan. Little change of sovereign bond yields but tensions remain high. The Emerging currencies stabilised versus the US dollar, that lost ground vs developed currenciesPending new precisions from t...
Market insights
Conjuncture
Inflation, disinflation, deflation …Where do we stand now?
The words "recession" and "deflation" are no longer adequate to describe the situation in many Eurozone countries. The Eurozone will be faced with new challenges if its governments continue to pursue deleveraging and austerity policies. It is time to take another look at the basics.
Fixed Income
Detoxifying bond markets
In these uncertain times, volatility in the major bond markets is worrying investors. Everything depends on central banks’ ability to man...
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Amundi Fixed Income letter_June 2013 pdf I 575.96 ko
Equity funds
Bad news is good news
Pressure remains on central banks to support markets. Valuations are no longer compelling, but we remain constructive as the current disi...
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Amundi Equity Letter_June 2013 pdf I 769.83 ko
Balanced
Strategic asset allocation, a tool fo...
Strategic asset allocation is a complex exercise. The forecast-free approach we recommend enables portfolio managers to implement their t...
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Amundi Allocation Solutions June_ 2013 pdf I 1700.28 ko