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Quick view: French election — market-friendly round 1 win for Macron

von Andrew Mulliner

vor 5 stunden

The polls were right this time; Emmanuel Macron and Marine Le Pen are through to the second round of the French elections due on 7 May. Independent centrist Macron’s larger share of the votes has been greeted by relief in the financial markets. Andrew Mulliner, Portfolio Manager within the Henderson Fixed Income Investment Strategy Group, provides his reaction.

 
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French election result: clouds clearing over Europe?

von Tim Stevenson

vor 6 stunden

​European equities manager Tim Stevenson reviews the first round result of the French election, which saw political outsider Emmanuel Macron, founder of the ‘En Marche!’ movement, lead the polls.

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UK data suggesting significant Q1 GDP slowdown

von Simon Ward

vor 3 Tagen

​The preliminary first-quarter GDP estimate to be released on Friday 28 April may show a quarterly increase of only 0.3-0.4%, while revised data to be issued in late May could upgrade the fourth-quarter rise from 0.7% to 0.8%. The 8 June general election, therefore, may take place against the background of a halving of reported quarterly growth.

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Chinese money trends signalling growth moderation not weakness

von Simon Ward

vor 5 Tagen

​Chinese monetary trends signalled current economic strength and now suggest a modest loss of momentum during the second half of 2017.

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Snap election: short-lived sterling strength?

von Luke Newman

vor 6 Tagen

​Luke Newman, co-manager of the Henderson UK Absolute Return strategy, gives his perspective on the call for a ‘snap’ UK general election.

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Quick view: Tories may underperform polls in snap general election

von Simon Ward

vor 6 Tagen

​Simon Ward, Chief Economist, gives his view on the UK Prime Minister’s call for a snap general election

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Quick view: UK snap election signals sterling strength

von Mitul Patel

vor 6 Tagen

UK Prime Minister, Theresa May, has called for a snap general election on 8 June 2017. Mitul Patel, Head of Interest Rates at Henderson, provides a brief reaction to the news.

 
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Portfolios Interview: Paul O'Connor

​Financial journalist Cherry Reynard interviews Paul O’Connor, Head of Multi-Asset at Henderson. Paul discusses the current economic and political environment and how his team are building portfolios to navigate it.

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Schwellenländeraktien: Positionierung und Chancen (Update zum 2. Quartal)

von Glen Finegan

vor 2 wochen

Glen Finegan, Leiter Emerging Market Equities, gibt Einblick in die neusten Entwicklungen der Henderson-Strategie für Schwellenländeraktien. Dabei geht er neben dem Ausblick für die Anlageklasse auch auf die aktuelle Performance, die Anlageaktivitäten und Positionierung des Portfolios ein.

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Durchbricht Europa endlich die Abwärtsspirale?

von Tim Stevenson

vor 2 wochen

In dem noch jungen Jahr 2017 scheint Europa endlich die wirtschaftlichen Unsicherheiten hinter sich zu lassen, die es mehr als zehn Jahre gelähmt haben. Dennoch ist die Region nach wie vor im Vergleich mit den USA so günstig bewertet wie seit mehreren Jahrzehnten nicht mehr. In diesem Beitrag beleuchtet Tim Stevenson die Auswirkungen irrationaler Nachrichten auf die Anlegerstimmung und geht der Frage nach, ob die in der zweiten Jahreshälfte 2016 gesehene Marktrotation inzwischen vollständig eingepreist ist.

Tim Stevensons Themen:

  • Fake News: Verzerren sie das rationale Denken?
  • Rückkehr des Gewinnwachstums: seit Langem überfällig
  • Trump und Brexit leisten besorgter Grundstimmung Vorschub
  • Growth oder Value: eine Frage der Perspektive
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A "monetarist" perspective on current equity markets

von Simon Ward

vor 2 wochen

​Global economic growth remained robust in early 2017 but monetary trends and leading indicators suggest that strength will fade from the spring. Central banks may continue to withdraw policy stimulus despite slower economic momentum because of late-cycle inflationary pressures. Lower real money growth implies a less favourable liquidity backdrop for markets, while earnings may fall short of expectations as the global economy cools.

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Künstliche Intelligenz: von Science Fiction zum attraktiven Anlagethema

Dramatische Fortschritte bei der Rechenleistung, die schiere Masse der verfügbaren Daten sowie ihre immer schnellere und dabei kostengünstigere Analyse machen die künstliche Intelligenz (KI) zum Dreh- und Angelpunkt für einen weiteren Paradigmenwechsel in der Technologiegeschichte. Alison Porter, Richard Clode und Graeme Clark, Portfoliomanager des Henderson Global Technology Teams, erläutern ein faszinierendes Anlagethema, sein Potenzial und seine größten Chancen.

 
 
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Earnings upgrades bode well for Asian dividends

von Michael Kerley

vor 3 wochen

The performance of many income strategies has suffered over the past six months. However, Michael Kerley, co-manager of the Henderson Asian Dividend Income Strategy, believes the prospects for income investing in Asian stocks are improving. Here, he explains the reasons for this and details how his portfolios are currently positioned to best capture attractive opportunities in the region.  

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Miners’ discipline brightens global natural resources outlook

von David Whitten

vor 3 wochen

​​David Whitten, Head of Henderson’s Global Natural Resources Team, is encouraged by early moves by major mining players to lift returns across the diversified resources sector and sees a renewed focus on long life, low cost, high return assets.

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UK data wrap: positive current account surprise

von Simon Ward

vor 3 wochen

​UK monthly sectoral output numbers suggest that quarterly GDP growth will slow to 0.4-0.5% in the first quarter from 0.7% in the fourth quarter. GDP price data, meanwhile, confirm a pick-up in domestic inflationary pressures, with the annual rise in the GDP deflator unrevised at 2.8% in the fourth quarter.

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As dry as dust: water scarcity and its investment implications

​Hamish Chamberlayne and Nick Anderson, managers of Henderson’s global sustainable equity strategy, detail how water crises have become the world’s #1 risk. They explain why mega trends such as climate change, population growth and urbanisation could trigger a supply crisis as industrial activity competes with human consumption. They outline the potential solutions and discuss the investment implications.

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Brexit – deal or no deal?
Paul O’Connor, Head of Multi-Asset, examines the implications of the UK triggering Article 50 of the Treaty of Lisbon, which formally begins the process of the UK’s withdrawal from the European Union (EU).
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Is it time to shine for Pan-European Equities?

von Tim Stevenson, James Ross

vor 1 monat

​James Ross, co-manager of the Henderson Horizon Pan European Equity strategy, summarises his views on European markets, providing an update on the ‘growth vs value’ debate, inflation and the prospects for particular sectors in the region. James co-manages the strategy with Tim Stevenson.

James covers the following subjects:

  • Growth vs value debate
  • UK equities overview
  • Whether European equities offer better prospects than other regions
  • Positioning for a more inflationary environment?
  • Sectors currently in favour
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Eurozone money trends arguing for earlier ECB exit

von Simon Ward

vor 1 monat

​Eurozone narrow and broad money growth remains strong, suggesting a stable, solid economic outlook and rising pressure on the ECB to accelerate its “exit strategy”.

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The Curious Case of EURGBP and the French Election

von Mark Richardson, Steve Cain

vor 1 monat

​In normal circumstances, the pricing of currency options should reflect, to a good extent, the probability of political upsets, particularly if those upsets have obvious macroeconomic implications. Here, Mark Richardson, and Steve Cain, fund managers in Henderson’s Multi-Strategy Team, examine why, in the run-up to the French presidential election, this does not appear to be the case for EURGBP (the price of euros measured in sterling).

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