- Global Investment Views - October 2018
Global Investment Views - October 2018
Tuesday 25 September 2018
Research / Market
Price dislocations lead to a rise in contrarian views
The hot summer in emerging markets (EM) has been a key investor theme in the third quarter of this year. While the ongoing US/China trade tensions continue to weigh on investor sentiment, the sequence of country-specific stories (Turkey, Argentina and South Africa) contributed to the almost indiscriminate repricing of EM assets, starting with plummeting EM currencies. The causes of the collapse seen in the currencies’ values in these countries are different (need to apply for IMF aid for Argentina; balance of payment crisis in Turkey, accelerated by the perceived lack of independence of the central bank; the start of an economic recession in South Africa, with additional concerns regarding the land reform plan).
Why investors should care about French “yellow vests” protest
The Gilets Jaunes (Yellow Vests) are a largely spontaneous protest movement that emerged in France, in October. With no declared political affiliation, they called for lower taxes and a higher level of social transfers and public services.
Award for the "Robust Asset Allocation for Robo-Advisors" paper
This Working Paper from the Amundi Research Team has been rewarded by the Savvy Investor Awards 2018 on the 2nd of November.
Rocky Road for the European Union: Pension Plans' Response
Once again, Amundi and Create-Research have partnered in the Annual European Pensions Survey to provide invaluable insight on what pension plans are thinking and how they are faring in today’s complex market environment.