Artikel

Quick view: May’s 'hard Brexit' offers Hobson’s choice

​Ryan Boothroyd from Henderson’s Multi-Asset Team reacts to Theresa May’s ‘Brexit’ speech, which outlined plans for the UK to leave the European Union (EU) single market.

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Quick view: the road to ‘clean’ Brexit is likely to remain bumpy

von Mitul Patel

vor 2 Tagen

Prime Minister Theresa May delivered her long-awaited speech on her Brexit approach on Tuesday 17 January confirming that she will pursue a ‘clean’ Brexit. Henderson’s Mitul Patel, Head of Interest Rates, provides a brief analysis of the outcome of the speech.

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Schwellenländeraktien: Positionierung und Chancen (Update für das 1. Quartal)

von Glen Finegan

vor 2 Tagen

Glen Finegan, Leiter des Bereichs Schwellenländeraktien, 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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Chinese economy accelerating, money trends still positive

von Simon Ward

vor 6 Tagen

​Monetary trends and leading indicators suggest that Chinese economic growth will exceed consensus expectations in the first half of 2017, supporting the view here that monetary policy will tighten, relieving downward pressure on the renminbi.

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A "monetarist" perspective on current equity markets

von Simon Ward

vor 1 woche

​The global economy picked up strongly into end-2016, as had been predicted by faster monetary expansion earlier in the year. Growth should remain robust into spring 2017 but money trends are now cooling, indicating some loss of momentum in the summer.

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US money trends at odds with consensus economic optimism

von Simon Ward

vor 2 wochen

​US narrow money trends weakened further in December, strengthening the conviction here that the economy will lose momentum from around spring 2017, in turn casting doubt on the average expectation of Federal Open Market Committee (FOMC) participants for a 75 basis point rise in official rates during 2017.

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Multi-Asset Outlook 2017: More, more, more! – Growth, inflation, politics

​Paul O’Connor, Head of Multi-Asset, reviews 2016’s lessons, and details the key themes that investors should prepare for in 2017. He explains which areas of the market look most and least appealing from a cross-asset perspective.

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Is UK household saving higher than officially reported?

von Simon Ward

vor 3 wochen

​Consensus pessimism about UK consumer spending prospects partly reflects the low level of the official household saving ratio measure. The accuracy of this measure, however, is questioned by other official data suggesting that saving has increased over the past year and is at a respectable level by historical standards.

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Eurozone economy solid, money trends stable

von Simon Ward

vor 3 wochen

​The Eurozone economy performed solidly in 2016. GDP rose by 1.7% in the year to the third quarter, equal to growth in the US and well above “potential” expansion estimated by the EU Commission at only 1.0% in 2016.

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Was wird das neue Jahr für den globalen Technologiesektor bringen?

von Stuart O'Gorman

vor 1 monat
Stuart O'Gorman ist bei Henderson für Technologieaktien zuständig. Hier erläutert er seinen Ausblick für 2017. Obwohl Technologieaktien zuletzt vom starken US-Dollar und der Angst vor Protektionismus in Mitleidenschaft gezogen wurden, sind Stuart O'Gorman und sein Team überzeugt, dass sie mittel- bis langfristig besser als der Gesamtmarkt abschneiden.
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Global Technology: expectations for 2017

von Stuart O'Gorman

vor 1 monat
Stuart O’Gorman, Director of Technology Equities, discusses his outlook for 2017. While technology stocks have been experiencing near-term headwinds, such as US dollar strength and fears about trade protectionism, Stuart and his team continue to believe the asset class can outperform global equities over the medium and long term.
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UK GDP update: did Brexit avert a boom?

von Simon Ward

vor 1 monat

​UK GDP appears on track to rise by about 0.4% in the fourth quarter, while the currently-reported 0.49% increase in the third quarter may be revised up slightly. Assuming a 0.9-1.0% gain across the two quarters, and no revisions to earlier data, GDP will rise by 2.1% for 2016 as a whole, versus 2.2% in 2015. Solid performance was predicted by monetary trends and growth would probably have been significantly stronger but for the Brexit referendum.

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Aktives oder passives Management – Auf die richtige Auswahl kommt es an

von 

vor 1 monat

Die Diskussion über aktives oder passives Investieren* gab den Anstoß für zahlreiche Studien, Analysen und nachdenkenswerte Theorien.Aber einen Gewinner küren zu wollen ist nach unserer Einschätzung wenig zielführend.Denn großen Einfluss auf das Ergebnis haben die Auswahl der Daten und des Betrachtungszeitraums sowie die Anlageklasse und die Frage, wie Erfolg definiert wird.Zweifellos ist in den letzten zehn Jahren erhebliches Kapital in passive Fonds geflossen, die heute in guten wie in schlechten Zeiten eine wichtige Rolle in den Portfolios der Anleger spielen und für das Funktionieren der Kapitalmärkte überall auf der Welt von großer Bedeutung sind.

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Global economy strong but money trends cooling

von Simon Ward

vor 1 monat

​Incoming news is consistent with the forecast here of a global economic “boomlet” in early 2017. Economic acceleration reflects a loosening of monetary conditions in early / mid 2016 but global real narrow money is now slowing, suggesting a loss of momentum in mid 2017. The combination of falling real money growth and rising economic growth may indicate reduced liquidity support for equity markets.

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Is the Fed misreading the economy (again)?

von Simon Ward

vor 1 monat

​The Fed’s policy guidance often proves unreliable, particularly when it conflicts with monetary trends.

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Quick view: Fed signals a faster pace of rate hikes

von Mitul Patel

vor 1 monat

​The rate setting committee of the US Federal Reserve (Fed) met on Wednesday 14 December and delivered the first interest rate move since last December. Henderson’s Mitul Patel, Head of Interest Rates, provides a brief reaction to the outcome of the meeting and the news conference that followed.

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Quick view: Fed signals a faster pace of rate hikes

von Mitul Patel

vor 1 monat

​The rate setting committee of the US Federal Reserve (Fed) met on Wednesday 14 December and delivered the first interest rate move since last December. Henderson’s Mitul Patel, Head of Interest Rates, provides a brief reaction to the outcome of the meeting and the news conference that followed.

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Fed hike reaction: expect markets to be volatile in 2017

​The Henderson Geneva US Equity Growth Team responds to the Fed’s decision to increase interest rates.

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Will the RMB recover in 2017?

von Simon Ward

vor 1 monat

China bears have been arguing for more than a year that capital outflows would tighten domestic monetary conditions, leading to economic weakness and deflation. The “monetarist” view has been that the bears have had the causation the wrong way round: loose policy since early 2015 has resulted in strong monetary growth, part of which has been exported, putting downward pressure on the currency. Capital outflows, in other words, have been a symptom of monetary laxity, not a cause of tightening.

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2017 outlook: two great unknowns

​James de Bunsen, fund manager with Henderson’s Multi-Asset Team, reviews 2016’s key lessons and gives his view on which themes will likely shape markets in 2017 from a cross-asset perspective.

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