Insights

July 2019

Asset Allocation Update

Toby Nangle

Head of Global Asset Allocation

After sharp drawdowns towards the end of 2018 stock markets are re-approaching their all-time highs. This is despite escalating geopolitical tensions in the Gulf, the risks of a disorderly Brexit, softening economic data, and professional company analysts cutting their profit forecasts for stocks in every major market.

July 2019

Investment Themes

Mark Burgess

Deputy Global Chief Investment Officer and Chief Investment Officer, EMEA

In this month’s Investment Themes video, Mark Burgess, Deputy Global Chief Investment Officer and Chief Investment Officer, EMEA, discusses:

  • Late-cycle behaviour
  • Recession fears
  • The return of QE
  • Current equity and bond valuations
  • National and corporate debt

July 2019

Time is running out to solve China’s debt bubble

Paul Smillie

Senior Investment Analyst

Many investors are focused on the outlook for trade talks with the US, fearing an all-out trade war which would negatively impact global, and especially Chinese, equity markets. But investors underestimate the mounting problems caused by the recent rapid expansion of credit in China. Only radical solutions now remain to resolve the country’s growing credit bubble.

June 2019

High yield bonds: a mature approach

Roman Gaiser

Head of Portfolio Management, High Yield, EMEA

The Threadneedle European Short-term High Yield Bond strategy focuses on maturity over duration to manage risk, which should mean lower interest rate sensitivity and less unpredictability.

June 2019

Asset Allocation Update

Maya Bhandari

Portfolio manager, Multi-asset

Equity exposure taken down to neutral

Every risk has attached to it a price. Lately the facts have evolved, mostly in a negative direction: trade wars have resurfaced, risks of an unfavourable Brexit are back in focus, and at least some corners of financial markets are firing warning signs about the future path of economic and earnings growth.

May 2019

Asset Allocation Update

Maya Bhandari

Portfolio Manager, Multi-asset

Chinese whispers

Cash flows and discount rates have moved in opposite directions over the past six months, and discount rate moves have triumphed.

May 2019

Interpreting Brexit – impact of a hard or soft outcome

Mark Burgess

Deputy Global CIO and CIO, EMEA

The UK’s departure from the European Union is still up in the air, despite setting a new date in October for leaving. There remains no clarity on where the country will stand in terms of a deal by the time the formal process is triggered. When the UK finally leaves, it probably faces two extremes – a hard or soft Brexit.

March 2019

Targeting positive returns in an uncertain climate

Fred Jeanmaire

Portfolio Manager, European Equities

A decade after the financial crisis, the uncertain economic conditions it ushered in are starving Europe’s investors of returns. We believe this makes our approach to long/short equity investing more valuable than ever.

March 2019

Return of activism!

Richard Colwell

Head of UK Equities

A market led by the large commodity stocks over the past few years has seen the ‘revenge of the index’, making it difficult for all-cap managers to keep pace. Are we now on the precipice of a reversion of this?

Important information

The research and analysis included on this website has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable but its accuracy or completeness cannot be guaranteed.