分類: INVESTMENT

  1. UBP ECONOMIC OUTLOOK – DEVELOPED COUNTRIES TO FACE A TECHNICAL RECESSION

    The 2023 scenario has been revised down for developed countries, facing accumulated risks and tighter monetary policy.

  2. GLOBAL TACTICAL ASSET ALLOCATION – PRIORITISING RISK MANAGEMENT

    Recession risks have increased further due to high energy prices, war in Europe, ongoing geopolitical tensions and more restrictive monetary policy.

  3. MONTHLY INVESTMENT OUTLOOK – RISING RISK OF RECESSION

    May’s reprieve proved short-lived as recession joined inflation fears pushing equity/bond prices lower in June.

  4. GLOBAL EQUITIES – MANY MORE UNCERTAINTIES ON THE EARNINGS OUTLOOK

    Fears of a faster-than-expected tightening of monetary policies, followed by the escalation of events in Ukraine led to a sharp increase in volatility and to a decline for most equity markets.

  5. GLOBAL BONDS – HEDGE FUND STRATEGIES FAVOURED

    Government bond yields have sharply declined on risk-off sentiment with rising fears on geopolitical situation and stagflation/recession risks. Long bonds in US and Europe have also turned highly volatile reacting to developments with the conflict and to official communication.

  6. EUROPE MOST EXPOSED TO SEVERE DOWNSIDE RISKS

    Europe could be the most hit region by the Russia-Ukraine conflict, via three channels: rise in commodities, metals, and grain prices; the impact from trade, indirect effect of sanctions; tighter financial conditions.

  7. GEOPOLITICAL RISKS FUEL STAGFLATION RISKS

    World growth was initially expected to moderate to 4% in 2022 after 5.6% in 2021; a moderate level of activity was expected in Q1, to be followed by a rebound in Q2.

  8. GLOBAL TACTICAL ASSET ALLOCATION – BUILDING RESILIENCE IN PORTFOLIOS

    The conflict between Ukraine and Russia, and sanctions adopted by Western countries fuel major downside risks to the growth scenario.

  9. MONTHLY INVESTMENT OUTLOOK – FOCUSING ON DYNAMIC RISK MANAGEMENT

    Global stock and bond markets slumped in February as the Russian invasion of Ukraine rattled markets, creating the prospect of a global commodity shock as Western nations moved to sanction Russia, among the world’s largest exporters of energy, grains and industrial metals.

  10. GLOBAL BONDS – TO FAVOUR HEDGE FUND STRATEGIES ON CREDIT

    Government bond yields (10y) have declined over the month on fears the virus and its new variant may end current expansion. But bonds faced high volatility and dispersion of performances across the yield curve.