What does 2017 have in store?
An uncertain landscape awaits investors in 2017: Donald Trump will become U.S. President, Britain will trigger Article 50 thereby commencing the process for exiting the EU, the Fed is expected to begin a rate normalization process and crucial elections will be taking place across Europe with all eyes on the anti-establishment parties.
What does all of this mean for investors and asset allocators? This selection of white papers, curated by the Savvy Investor Research Team, provide insights into issues affecting the global economic and investment landscape.
BNP Paribas Investment Outlook 2017: Beyond the shadow of quantitative easing
This paper sets the scene for a year in which a new landscape awaits. Uncertainties and open questions, including the outlook for fiscal stimulus and globalization, suggest that global growth will be muted again.
CIO View: Outlook 2017 (Deutsche Asset Management)
Events during the final months of 2016 have given investors much to ponder as they contemplate the year ahead. Deutsche Asset Management CIO, Stefan Kreuzkamp, addresses these and other questions in the CIO Outlook 2017.
JP Morgan Quarterly Guide To The Markets - Q1 2017
The latest JP Morgan quarterly "Guide to the Markets" is a bumper 80-page report, packed with charts and tables, illustrating global economic trends, and examining the key drivers of equity and fixed income markets for the period ahead.
Global Equities: The Changing Face of Value (T. Rowe Price, Nov 2016)
For many value investors, the last few years have proved challenging given structural change in China, low growth, bouts of volatility, etc. This has led to a dominance of growth and quality factors, creating headwinds for value stocks.
RBC Wealth Management Global Insight: 2017 Outlook
The authors of this paper believe that US equities are likely to outperform in 2017. Still, investors will have much to consider as they tread the investment path. This paper provides a series of markers for guidance.
Global Outlook 2017: Time for Plan B (Robeco)
Following a year of dramatic political shocks, the economic Plan B for 2017 is likely to see greater use of fiscal policy as governments try to appease disaffected electorates. This global outlook focuses on more than a dozen issues.
Global Asset Allocation Views 1Q 2017 (JP Morgan)
This paper by JP Morgan Asset Management explores the asset allocation outlook for 1Q 2017. The authors discusses key economic themes and their implications on investors' strategies.
Why Equity Investors Should Worry Less About the Fed (QMA, Nov 2016)
Some fear that the Fed could soon be the proverbial straw that breaks the back of a market currently trading at record high P/Es. This paper challenges the accepted wisdom about the link between interest rates and equity valuations.
Blending Factors in Your Smart Beta Portfolio (S&P Dow Jones Indices, 2016)
In recent years, smart beta strategies have grown significantly in popularity. This paper examines how investors can hold a combination of strategies in a blended portfolio with potentially powerful results.
Multi-Dimensional Risk and Performance Analysis for Equity Portfolios (EDHEC)
This report by EDHEC-Risk Institute explores the challenge of consistent risk analysis and performance attribution for equity portfolios, using multiple dimensions and including micro attributes.
Catalysts for Change - PineBridge Investment Outlook for 2017 (video)
PineBridge believes that equity and bond markets are ripe for change - and the catalysts are abundant. This video describes how investors should be positioned.
Small Cap Performance in a slow-growth economic environment (FTSE Russell, 2016)
This paper and webinar by FTSE Russell examine the performance of the U.S. small cap market (using the Russell 2000 Index) in periods of slow economic growth.