- Asset Class Views Medium and long term expected returns
Asset Class Views Medium and long term expected returns
Monday 25 February 2019
Research / Market
Our approach to expected returns forecasts is model driven. We break down asset class dynamics into a long term component (or trend/fair value), mainly related to macroeconomic variables and a medium-term component, explained by economic and financial cycles. Short-term misalignments, linked to market divergence are not considered here for the purpose of this analysis, but are included while noting our tactical asset allocation recommendations.
Italy: few ambitions from the new budget framework
On 30 September the newly formed Italian government released an update to April’s Economic and Finance Document, with new fiscal plans for the years 2019 to 2022 and changes to the underlying economic assumptions. The Update Note to the budget shows little ambition in strengthening growth or shoring up public finances for now and can be seen as a transitional budget, aimed at restoring confidence in Italy’s commitment to comply as much as possible with the EU framework.
Cross Asset Investment Strategy - September 2019
Find the latest edition of the monthly publication of our Research Team.
Global Investment Views - September 2019
CIO views: High conviction ideas from Amundi Global Investment Committee.