All topics

Quarterly Investment Outlook: Q4 2019

Global Investment Outlook - October 2019

Will some form of Brexit occur later this month, or will the can be kicked further down the road? Will negotiating teams come closer to a US-China trade deal? Will President Trump continue to shrug off the impeachment charges brought against him?  And will markets finally be able to shake free from the malaise of uncertainty? 

The majority of investment outlook documents below adopt a quarterly perspective, reviewing market-related events and returns during Q3, while also gazing towards the future and inquiring into what Q4 might behold.

investment return forecasts

Q4 2019 Outlook & Review (QMA)

QMA provides their outlook for Q4 2019, with a look at the prospects for the global economy, escalating geopolitical risks, central bank policy rates, and more.

Investment Insights: To Zero and Beyond! (MFS, Oct 2019)

We discuss the global decline of interest rates and the various ramifications of such a move.

Multi-Asset Outlook: Will consumers catch a cold? (Wellington Management)

The longer the weakness in the industrial economy (and other sectors) lingers, the more likely it becomes that the consumer will be affected. Wellington Management discusses the implications for major asset classes.

China Icebergs: Forces That Could Reshape the World (PineBridge, Oct 2019)

The Chinese economy is nurturing corporate giants with the potential not just to change China, but to change the world. In this 24 page document, the Economist Intelligence Unit examines the growth and likely impact of these poorly understood behemoths.

5-year Expected Returns 2020-2024: Escaping the Hall of Mirrors (Robeco)

This 117 page publication includes Robeco's five-year investment outlook for all major asset classes.

CIO Outlook: Opportunities in adversity (LGIM, Sep 2019)

For compliance reasons, this paper is NOT accessible in the United States and Canada

In this LGIM outlook, different teams from across the business provide answers to key client questions regarding the market and macro outlook over the next few months.

CIO View: 12-Month Economic & Market Outlook (DWS AM)

For compliance reasons, this paper is only accessible in the United Kingdom

This 40-page report by DWS AM provides a detailed outlook for the global economy and markets over the next 12 months.

Q4 Global Macro Outlook (Manulife IM, Oct 2019)

For compliance reasons, this paper is only accessible in the EMEA region

Central banks' best laid plans to normalize rates have not gone as planned. Instead, almost across the board, they are continuing to adopt a stimulative stance. Amidst a cloud of economic and political uncertainty, Manulife presents their macroeconomic themes that will drive markets during Q4.

Monthly Market Monitor (Eaton Vance, Oct 2019)

Eaton Vance's Monthly Market Monitor is a chartbook providing an overview of economic and asset class data.

The Next Digital Superpower: The U.S. or China? (Vontobel AM, Sep 2019)

For this comprehensive analysis, Vontobel worked closely with the internationally renowned think tank, the Eurasia Group, known for its in-depth geopolitical risk analysis and global network.

Podcast: Are investors over-estimating corporate profits? (Fidelity Intl, Oct 2019)

For compliance reasons, this paper is only accessible in the UK & Europe

Bill McQuaker, Fidelity International Portfolio Manager, inquires into whether investors routinely over-estimate corporate profits in this 35 minute podcast.

Staying nimble amid an uncertain outlook (Franklin Templeton, Oct 2019)

For compliance reasons, this paper is only accessible in certain geographies

Franklin Templeton CIOs provide their global investment outlook, highlighting what shocks could affect the market and where they see opportunities.

Multi-sector asset allocation outlook (Invesco)

For compliance reasons, this paper is only accessible in certain geographies

Invesco presents their multi-sector asset allocation outlook as of the end of Q3 2019.

Investment Outlook Q4 2019 : Bending, not breaking (Fidelity International)

For compliance reasons, this paper is only accessible in the UK & Europe

This report is Fidelity International's flagship quarterly outlook publication that outlines the firm's views on all the major asset classes, backed by fundamental research on governments, markets, companies, issuers, and properties.

Multi Asset Monthly: The more things change... (NN IP, Oct 2019)

In their October outlook, NN Investment Partners maintain a cautious stance, largely due to uncertainty about political risk, trade, and the implications of weaker macroeconomic data.

U.S. Real Estate: Market Insights (Aegon AM, Sep 2019)

So far in H2 2019, US CRE fundamentals are healthy in most geographies and property sectors. However, downside risks arising from trade negotiations and Brexit still weigh upon the overall outlook.

Credit Outlook Q4 2019: Yield versus protectionism (Robeco)

Robeco remains convinced that we are approaching the end of the cycle. As a result, they continue to advocate a defensive positioning.

Cross Asset Investment Strategy (Amundi AM, Sep 2019)

For compliance reasons, this paper is NOT accessible in the United States

Amundi presents their monthly strategic views on multiple asset classes, risk factors for the month of September 2019, and an outlook for the global economy.

BBBs and ‘Fallen Angels’: Hellish Risks or Heavenly Returns? (Vontobel AM, 2019)

It is no secret that the BBB-rated corporate bond market has ballooned in size. Could the next downturn lead to a surge of 'fallen angels' (companies downgraded from BBB to high yield)?

JP Morgan Quarterly Guide to the Markets - Q4 2019

The latest J.P. Morgan quarterly 'Guide to the Markets' is 71 pages long, illustrating a wide array of compelling charts on economic and market-related trends.