Global Investment Strategy - Mid Year 2017
As investors look into the second half of 2017, the question of whether the "global reflation" theme remains intact is key. Below we list our selection of the best reports covering the mid-year investment outlook.
We recommend SSGA's global chartbook (below) which discusses the key economic and strategic issues facing equity and credit investors at the present time; inflation and growth, valuation and earnings, political risk and currency risk.
Global Market Outlook Mid-Year 2017: Upturn Goes Global (SSGA, July 2017)
This 28-page chartbook provides a visual illustration of key global economic and strategy issues. Mixed signals coming out of the US economy have raised questions about whether we can still confidently speak of global reflation rather than modest expansion, but CIO Rick Lacaille believes the stage is set to support risk assets for the remainder of the year.
2017 Mid-Year Outlook: Great Expectations for Global Growth (PineBridge)
PineBridge sets out their expectations for the second half of 2017, with a particular focus on political risk and the prospect of synchronized growth in the remainder of the year.
Multi-asset markets outlook (monthly) Robeco, July 2017
Robeco's popular chartbook provides insights into the outlook for multi-assets, such as commodities, bond and equities. The authors provide brief analysis for the United States, Europe, Japan and China.
JP Morgan Quarterly Guide To The Markets - Q3 2017
JP Morgan’s quarterly "Guide to the Markets" for July is packed with tables and charts, illustrating key economic trends, and analysing key issues impacting equity and credit investors.
2017 And Beyond: A Medium-Term Asset Allocation Outlook (BNP Paribas)
BNP Paribas explores various facets of the asset allocation outlook, exploring key industry issues, and forecasting returns for the major asset classes.
BlackRock Global Investment Outlook Midyear 2017 (BlackRock, July 2017)
This 15-page BlackRock paper discusses the mid-year global investment outlook. The authors refresh their 2017 investment themes, discuss key risks, and detail their views across asset classes.
Global Market Outlook: Should I stay, or … ? (Standard Chartered, July 2017)
This 37-page paper by Standard Chartered Bank provides commentary and analysis of the global markets outlook.
Thoughts and Bonds - Lower for Longer (Janus Henderson, July 2017)
While the U.S. economic outlook may be lacklustre, relatively homogenous growth in Europe makes the region a bright spot in the global economy. Janus Henderson explain why they have become more positive on European credit, whilst still wary of valuations stretched as a result of QE.
Will the Markets' Fairy Tale Year Have a Happy Ending? (Fidelity, July 2017)
Enjoy it while it lasts, say Fidelity. 2017 has seen equities and fixed income rise with little volatility. But 2018 could be a different story.
Mid year 2017: The reflation debate (Panorama by UBS Asset Management)
Back to the global reflation theme – is it over? Senior professionals from UBS Asset Management join the debate. Speaking within their own areas of market expertise, they identify the risks, opportunities and key drivers of market returns in the second half of 2017.