Global Markets Quarterly Outlook - Q2 2019

Macro Themes and Market Outlooks - Q2 2019

The second quarter of 2019 is now underway, and with it, many organizations have taken the time to both reflect on the events of Q1 and to offer some thoughts about the path ahead for the next three months.  Investors who were fortuitous enough to see 2018's fall in asset prices in an opportunistic light have likely already reaped the benefits of their repositioning (and/or their patience). 

But which corner of the global markets should our mind's eye turn its attention to next?  Hopefully the below list of quarterly and monthly outlooks can provide some guidance.   

House View Q2 2019 (Aviva Investors)

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

Aviva Investors presents their quarterly House View document, which is a compilation of views and analysis from their major investment teams.

How China is driving the global economy and creating opportunities (UBS AM, Jan 2019)

Certain thematic trends have fostered growth in the global economy and within China. They have also created specific long-term investment opportunities.

Multi-Asset Outlook Q2 2019: What's really changed? (Wellington Management)

Less restrictive monetary policy has played a large part in 2019's year-to-date gains. Wellington Management discusses recent policy changes and their projections for how this will continue to impact fixed income, equity, and commodity markets.

Emerging Markets Equity Spotlight (Lyxor ETF, Apr 2019)

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

Our EM Equity Spotlight is designed to guide you through Emerging Market equity indices, covering broad, regional and single country exposures from every angle. It also takes you through the latest outlook, returns and valuations, flow trends, and a note on active vs. passive performance.

Cyclical Outlook: Flatlining at The New Neutral (PIMCO, Mar 2019)

PIMCO describes why they believe U.S. short-term interest rates are now anchored in The New Neutral, as global growth keeps synching lower.

Global Macro Quarterly Outlook (UBS AM, Mar 2019)

UBS's Macro Quarterly looks at the opportunity set across global asset classes. Both volatility and thematic drivers serve to present tactical asset allocation opportunities in this late-cycle environment.

The Callan Periodic Table of Investment Returns: 20th Anniversary Edition (2019)

The Callan Periodic Table of Investment Returns shines a light on both absolute and relative performance for global asset classes, presenting compelling visual charts that provide a strong case for portfolio diversification.

Multi-Asset House Views: Reality Check (HSBC Global Asset Management, Apr 2019)

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

The authors point back to their Q1 2019 outlook, where they advocated for a return 'back to reality,' stating that Q4's downturn was merely a 'cyclical slowdown' rather than a severe shock. This is a starting point for their Q2 multi-asset views.

JP Morgan Quarterly Guide to the Markets - Q2 2019

The latest J.P.Morgan quarterly 'Guide to the Markets' is over 70 pages long, illustrating a wide array of compelling charts on economic and market-related trends. The accompanying 'Quarterly Perspectives' document serves as a guide to the guide.

Global Macro Outlook (AB, Mar 2019)

For compliance reasons, this paper is only accessible in North America and South America

AB presents the latest insights from their global team of economists, based on in-depth research.

Robeco Quarterly - focusing on sustainable investing and quant investing (Mar 2019)

Robeco's quarterly magazine is a 40-page compendium of articles on quant investing, sustainability investing, and other topics such as fintech and logistics.

Market Outlook: Strategic CIO View (DWS AM, Apr 2019)

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

This DWS AM chartbook presents a series of slides on their outlook for global markets as of April 3, 2019.

Fixed Income Investment Outlook, Q2 2019 (Neuberger Berman)

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

Q1 of 2019 was beset with accommodative policies from central banks, potential progress on global trade, and a return of 'risk-on' sentiment. Neuberger Berman expects more stability in Q2 and continued materialization of the expected soft landing.

Seeking Opportunity at the Top of the Cycle (State Street Global Advisors, Mar 2019)

This global survey of 200 senior institutional asset allocators assesses their views on equity markets over the next 12 months and offers insights into the strategy adjustments they might make as a result.

Cross Asset Investment Strategy (Amundi AM, Apr 2019)

This monthly report from Amundi Asset Management examines global investment views across different asset classes.

Baird Quarterly Market ChartBook - Q1 2019

From Robert W Baird, a quarterly report on global strategy issues. This is the latest in a regular series of quarterly reports.

Investment View Q2 2019: The flock of doves returns (Generali Investments)

Dovish central bankers across the globe have sent a strong signal to investors - in today's environment of low inflation, accommodative policies may be able to keep the economic growth cycle alive. Investors have responded positively.