Market outlook 2021: Evan Brown, head of macro asset allocation at UBS Asset Management told investors thereâs the more positive news around vaccine â¦ The appeal of opportunities in multi-asset hedge funds and alternative assets could increase in this low-yield-for-longer environment. Historically, the Bank of Japan cut its interest rate to 0% in 1999, and it only managed to keep policy rate above 0% for a brief period of time in 2000-2001 and 2006-2008. The information and opinions contained in this Website is based upon information obtained from sources believed to be reliable and in good faith but no responsibility is accepted for any misrepresentation, errors or omissions. The results of the US election provide increased clarity on the economic outlook. 12.15.2020 - Viraj B. Patel, Head of Asset Allocation. Neuberger Berman. PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE PROCEEDING. 1.29K Followers. That said, they remain bearish on a large portion of developed market government bonds and favour an allocation to equity on a selective basis. November 2020 . No representations are made with respect to the eligibility of any recipients of this document to acquire interests in securities under the laws of your jurisdiction. All that said, the areas of focus, I think, are going to shift somewhat with the Biden administration. L’aggiornamento del quarto trimestre dell’outlook 2021 del Global Market Strategy Office di Invesco può essere riassunto nel titolo: la luce in fondo al tunnel. MID-YEAR OUTLOOK 2020 CITI PRIVATE BANK 9 OVERVIEW Investing in a new economic cycle 2.1 STEVEN WIETING, CHIEF INVESTMENT STRATEGIST AND CHIEF ECONOMIST DAVID BAILIN, CHIEF INVESTMENT OFFICER The COVID collapse and policy response have profoundly affected our Strategic Return Estimates, asset allocation strategy, portfolio Investors will have to work harder to generate yield. Asset Allocation 2021 outlook: The year of hope We believe the economic outlook is positive for equities, but investors will probably need to think carefully about their allocations to fixed income. 2021 Outlook: A Note from CEO, John Dowd. You are now leaving the website of Eastspring Investments (Hong Kong) Limited. But those gains will mask a significant divergence in the returns of regional markets. You fully understand and agree that, by making available this Website, UBS should not be construed as making: (a) any endorsement of any investment product referred to in this Website; (b) any representation that UBS has performed any due diligence on any investment product referred to in this Website; or (c) any representation that the information in this Website is complete, accurate, clear, fair and not misleading. UBS, its officers and/or employees may receive fees, commissions or other benefits for acting in those capacities. That would be a very helpful tailwind for the global economy and we see it as a good environment for global credit, particularly in Asia". Tune in to our insights. You are now linking to an external site. No Eastspring funds are registered in your country. January 11, 2021 . In our view, this makes emerging market dollar-denominated debt, including Chinese government bonds, particularly compelling. While we see some path to yields drifting higher as growth broadens out, we believe that monetary policy will control the pace at which yields can rise. Each party hereby waives any objection which it might at any time have to the courts of Singapore being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Singapore are not a convenient or appropriate forum. You are about to enter the website of Eastspring Investments (Luxembourg) S.A. (the "Management Company"). 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Neuberger Bermanâs Asset Allocation Committee meets every quarter to poll its members on their outlook for the next 12 months on each of the asset classes noted and, through debate and discussion, to refine our market outlook. This Website and its contents are provided on an âas isâ and âas availableâ basis. Joanna Ong, Investment Director, Eastspring Portfolio Advisors: Constructing resilient portfolios in a low yield environment where asset prices appear disconnected from the real economy will continue to be the key challenge. We expect the Treasury curve to steepen over time as the expansion makes further headway. EN |
IND. We remain bearish on a large portion of developed market government bonds which seemingly offer return-free risk. Learn about our 2021 investment outlook. 12.15.2020 - Viraj B. Patel, Head of Asset Allocation. MARKET COMMENTARY. Should you be interested in our fund range, please contact our local Sales agent or Distributor. The Fed’s new average inflation targeting policy is aimed at pushing up inflationary expectations over time.
2021 Market Outlook – Asset Allocation Eastspring’s Singapore-based Eastspring Portfolio Advisors team believes global growth will come in above trend from the second half of 2021 but that any acceleration in core prices is unlikely to be sufficient to prompt a rate hike. United States of America (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is registered with the U.S Securities and Exchange Commission as a registered investment adviser. Materials have not been prepared to address requirements designed to promote the independence of investment research and are not subject to any prohibition on dealing ahead of the dissemination of investment research. After a decade of steady growth and rising asset prices, economies and financial markets were rocked by the COVID-19 pandemic. A number of comments in this Website are based on current expectations and are considered âforward-looking statementsâ. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. In our mid-year asset allocation outlook, we observed that despite the massive shock to the real economy, valuations of risk assets appeared close to fair after taking into account the impact of lower discount rates and extraordinary policy support. But with interest rates at zero and the yield curve relatively flat, the long-term benefit of holding developed government bonds is questionable. United Kingdom (for professional clients only) by Eastspring Investments (Luxembourg) S.A. - UK Branch, 10 Lower Thames Street, London EC3R 6AF. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. The resilience in the worldâs engine of production and strong credit impulse may continue to bolster global activity, as long as growth in total social financing, imports, and inventories does not moderate too briskly. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. UBS Asset Management (Singapore) Ltd has been appointed as the representative for the Funds in Singapore for the purposes of performing administrative and other related functions relating to the offer of Shares under Section 287 of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA") and such other functions as the MAS may prescribe. Macro Review 2020 e Outlook 2021: a welcome end to 2020 Page 3 will the debt burden in... Are based on current expectations and any unforeseen risk or event may arise in the future investors! Subject to change your cookies ' settings in the United Kingdom as the expansion makes further headway in... 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