Latest multi-asset & multi-strategy thinking
COVID-19: This time is different?
3 Apr 2020
While the COVID-19 pandemic may be unlike anything financial markets have experienced before, the past still offers valuable lessons for investors trying to make sense of the crisis, explains Euan Munro.
COVID-19 and a brief history of emerging market debt drawdowns
2 Apr 2020
The scale and speed of COVID-19’s impact on global financial markets has caused emerging market debt returns to decline at a pace not seen since the global financial crisis. However, history suggests the recovery of the asset class may also turn out to be quick.
COVID-19: When it comes to pandemics, investors should listen to the real experts
1 Apr 2020
In early February, with financial markets oblivious to medical experts’ warnings about the dangers posed by the coronavirus, Ian Pizer of Aviva Investors’ investment strategy team began to look into the medical research to learn more about the potential outcomes and the implications for the global economy and markets. What he discovered raises questions about financial market participants’ ability to react to issues they don’t fully understand.
Multi-asset allocation views: Embedding diversification in portfolios
31 Mar 2020
The impact of COVID-19 and policy measures taken by global authorities to contain it have erased the tentative signs of economic strength seen at the start of 2020. As the epidemic has advanced, the market response has been brutal. Sunil Krishnan reflects on how portfolio managers diversify multi-asset portfolios, and the extent to which these measures have been effective in the current round of volatility.
Treasuries: Defence in troubled times
26 Mar 2020
Correlation patterns between assets have not been behaving conventionally over the last month. Most notably, there have been periods when US Treasury yields have been rising (and their value falling) at the same time as equities have been selling off. Why have investors been abandoning safe-haven assets in the midst of the steepest market falls we have seen for 40 years?
RPI may be flawed, but changes shouldn’t cost pensioners and investors
16 Mar 2020
With the start of the consultation for proposed changes to the measurement of inflation in the UK, we look at the likely impact to asset classes, the assets most affected, and the key issues investors should be aware of.
Are investors too complacent about the coronavirus?
21 Feb 2020
In the latest of our editorial series, Link, AIQ brings members of Aviva Investors’ investment strategy, equity and debt teams together to discuss the prospects for financial markets and the world economy in the face of the coronavirus epidemic.
Multi-asset allocation views: Uncertainty clouds the outlook for European assets
23 Jan 2020
Sunil Krishnan considers whether Europe can break out of its economic malaise and the factors investors should watch out for in 2020.
Multi-asset allocation views: The pros and cons of higher-yielding fixed income
16 Jan 2020
Sunil Krishnan asks whether higher-yielding fixed income assets remain good diversifiers for multi-asset portfolios in the current environment.
Multi-asset allocation views: Could Japan outperform other equity markets?
14 Jan 2020
Sunil Krishnan argues that low expectations among domestic and global investors are reflected in Japanese equity valuations, creating an opportunity for the asset class to play catch-up with the rest of the world.
Supply chain wars
14 Nov 2019
With the US and China locking horns, we take a deeper look at the tangled and complex web of multinational relationships in the global economic ecosystem.
In search of a free lunch
5 Nov 2019
Correlations between groups of assets and within individual asset classes have changed in unexpected ways thanks to a decade of easy monetary policy. Our portfolio managers tell us what impact this has had on the way they manage money.