1208 days ago
Inflows as a % of Assets under Management - who are the 2020 winners?
Cash, Gold and Tech are the winners this year - source: BofA
1210 days ago
JP Morgan expects 7th heaven for equities with the melt-up continuing into the spring
JP Morgan Bullish stance in 7 points: 1) Expect next year to be front-loaded with most of the market upside realized in the first six months of the year; 2) Continued exceptionally easy monetary policy (US M2 money supply +24% y/y, largest increase since 1940s) and another round of fiscal stimulus ($700-900b) in the near future; 3) COVID-19 vaccine distribution and easing of mobility restrictions fueling further earnings, labor market, and business cycle recovery; 4) Election outcome with an expected balance of power and likely legislative gridlock is a goldilocks scenario for equities; 5) Steady decline in USD trade-weighted index (-11% since Mar peak and -5% since 1yr ago) is expected to be a significant tailwind for multinational earnings in the coming quarters and for broader liquidity conditions; 6) Corporates should begin to release excess balance sheet cash starting next year (S&P 500 record cash balance at ~$2.1 trillion ex-Financials), revitalizing capex, M&A, and capital return; 7) Expect ~$1 trillion of equity inflow / demand in 2021 driven by systematic flows, hedge fund positioning, retail buying, share buybacks, rotation from non-equity into equity - source: Refinitiv, The Market Ear
1217 days ago
Power of branding: ESG-labelled funds attract bulk of new fund inflows
ESG is "too trendy to ignore," according to Barclays. Bond funds with an ESG label are attracting far more new inflows than the broader market.
1218 days ago
A wacky chart to see the stock market rotation hidden under US indices
On the surface stock benchmarks have been rising to record highs, beneath the surface there has been a big flip in what is leading them higher
