Structural trends
This year’s Black Friday reflects changing consumer behaviour
As retailers entice consumers with plenty of deals on Black Friday, we take a look at consumer trends, and ask ourselves: can inflation spoil Christmas?
Read our analysis of the latest global economic news and events. These insights provide the context for your investment choices and those of our investment teams.
This year’s Black Friday reflects changing consumer behaviour
As retailers entice consumers with plenty of deals on Black Friday, we take a look at consumer trends, and ask ourselves: can inflation spoil Christmas?
Risk & Reward - 1st issue 2021
As with all things new, factor investing in China holds a special appeal. Other articles in this issue address fixed income investing in times of low market yields, real estate sector investing, the merits of estimating the covariance matrix and how to capture multi-asset class factor premia.
European Equities: What does ESG mean to us?
Our focus as active fund managers is on finding mispriced stocks. We are open to buying companies whose qualities and future potential are not properly reflected in their share prices. Equally, we look for companies whose willingness and efforts to change have yet to be recognised by the market. Correctly anticipating change for the good and the scope for market perceptions to catch up with reality can generate strong investment returns. The key is identifying the issues and focusing on the path to improvement.
Short-term investment outlook-November Update
This white paper addresses our short-term investment views based on our forward-looking global macro framework.
Mythbusting two claims about the role of central banks
In response to the Covid-19 pandemic recession, central banks around the world have been expanding their balance sheets at historically high rates. Unfortunately, there still seems to be some confusion concerning where and how central banks fit into a modern financial sector, giving rise to a few myths.
Election 2020: Five truths to remember about politics and investing
Historically, politics hasn’t mattered much to US stocks. Stocks have performed well under a variety of political leaders. The private sector has fueled innovation. I’m far more interested in the business leaders who are going to develop new technologies and new industries that aren’t even yet on our radar.
Will Election Day 2020 provide closure for a restless electorate?
The Electoral College, not the popular vote, ultimately decides U.S. presidential elections. To win, a candidate must secure an absolute majority – 270 or more electoral votes. And a small percentage of voters in key states might play a deciding role in the overall election outcome. But the results might also be contested.
Value at risk and work in progress
Corporate bond yields are at lower levels than in the past. Is there a danger that they reflect too-optimistic expectations and may expose investors to unexpected risks? To answer, better adopt different approaches and different perspectives.
“Risk on” for the long term
Taking a long-term bet against credit and equities now would be akin to betting against medicine, science, human ingenuity, and the direction of monetary policy. That’s not a bet we’re willing to take.
What fiscal and monetary responses are needed in the US to combat the Covid-19 crisis?
Given clear signs that markets are not functioning efficiently, what is the Fed doing about it?
The European Central Bank’s new programme is a break from past restraints and orthodoxies
What action is the ECB taking to support the euro area and will it be enough?
Assessing the unknowns as coronavirus spreads
Invesco Fixed Income focuses on how COVID-19 could impact individual issuers differently.
Upbeat US economy
Strong enough to derail trade war angst?
Upbeat US economy, policy errors in Europe and trade disruptions in China
Will the US economy be derailed by a tariff war and what are the implications for China? Can employment and interest rates return to normal in the eurozone?
Trade disruptions in China
Are trade woes the only headwind facing China?