Investment Industry Markets
A lot of time collectively is spent monitoring and analysing data on investment fund flows. Is this time well spent?
The assumptions typically made are that fund flows data indicate which assets are ‘popular’ and in the absence of significant change, continued flows might suggest underlying momentum for an asset… Read the article
Behavioural Finance Markets
US ten year Treasuries have delivered a zero real return to investors over the last five years, while the US equity market has increased by 87%.
This should not be a surprise. It makes sense for investors to pay up for lower volatility (even if this relationship does… Read the article
The last two weeks have seen a relatively sharp increase in developed market government bond yields, seemingly driven by a perceived change in tone from central banks.
The moves are actually relatively modest, merely bringing yields back to levels seen at the start of the year.
… Read the article
The apparent lack of volatility in markets may have left some investors twiddling their thumbs- the passive acquisition of risk premia can sometimes be a dull world after all. To help you through until the next market episode, here are seven reading suggestions from M&G’s episode… Read the article
Political developments have dominated market commentary for much of the last two years. However, such commentary is often overly focused on short term considerations: trying to forecast short term price moves around elections, or considering which areas of the market will be the winners and losers from particular polices. In… Watch the video