Insights

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Interest rates reached their all time high in 15 years: July 2023 Market Commentary

In this exceptional fixed income environment, investing a US$ nest egg in bonds from large investment grade banks can provide an income of 6% net that allows with certainty, to double the initial investment in less than 12 years, under the assumption that the central bank financial system will remain the safe harbor it is today.

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Global Growth More Resilient than Inflation: June 2023 Market Commentary

Inflation is moderating in Western economies. In the US, inflation declined to 4% in May, the lowest since March 2021 and less than half of June’s 9.1% peak. Read more about the global macro context in our June 2023 Market Commentary

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Interest rates to stay higher for longer: May 2023 Market Commentary

The degrading credit worthiness of US regional banks is largely due to the fact that they were allowed to opt out from international banking regulation standards under the Trump administration. This has triggered a depression of equity valuations within the broad financial sector around the world. Large banks that are fully regulated and protected by their central bank are largely unaffected and present interesting investment opportunities both on the equity and fixed-income side.

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Q2 2023 An Inflection point for inflation and interest rates: Market Commentary April 2023

The Credit Suisse crisis, Inflation and Fear of recession and more are all discussed in this month’s market commentary

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Equity rally pauses amid investor concerns about inflation and SVB’s collapse: Market Commentary March 2023

In the US, the Fed is caught in a dilemma over its next interest rate decision. While in Europe the ECB is expected to continue to raise interest rates. In Asia, China’s key economic data is expected to reflect its full re-opening

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Global markets are “risk-on” despite rising Interest Rates: Market Commentary February 2023

The US Federal Reserve has further increased its main interest rate by 25bps, with the Fed funds rate target range now reaching [4.50%; 4.75%]. In addition, the European Central Bank (ECB) raised its deposit interest rate by 50bps to 2.50% at its February meeting, marking the highest level for the deposit rate since 2008. Despite this, global equity markets strongly rebounded in January amid improving investor sentiment.

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