Documents & Resources

July 2, 2015

The recent drop in Chinese equities is a healthy correction after a sharp sentiment fueled rally. Continued near-term volatility seems likely, but at lower valuations the market should find support from recent policy measures. Longer-term prospects remain promising as the market is opened and its infrastructure improves.

July 2, 2015

*Uneasy markets ahead of the Greek referendum
*Greek referendum: “YES” ahead by a nose
*China—continuing monetary easing
*U.S. labor market tightening—steady as she goes
*India—monsoon melodies
*Malaysia gets a ratings boost

June 25, 2015

*Risk rally stalls as markets focus on Fed, Greece
*QE made in Frankfurt gets good reviews
*Global Growth - A mixed bag
*Greece - down to the wire...yet again!
*Japan - Growth Strategy 3.0
*TPP - Finding a way forward
*Enhancing the role of Europe’s capital markets
*FinTech in Frankfurt

June 24, 2015

The European Commission’s proposed Capital Markets Union (CMU) is an ambitious and broadly welcome initiative. Strong capital markets—as a complement to bank lending—would promote financial stability and foster job creation and economic growth throughout Europe.

June 24, 2015

The IIF’s Council for Asset and Investment Management, Credit Ratings Advisory Group, Task Force Europe, and individual member firms welcome the opportunity to comment on the European Commission’s Green Paper entitled “Building a Capital Markets Union.”

June 18, 2015

Heightened market volatility and uncertainty related to the Greek stalemate have contributed to higher risk aversion in June. However, recent Fed signals suggesting a more gradual path of rate hikes have alleviated some of these tensions—at least for the present.

June 18, 2015

* Slow-moving Fed trumps Grexit worries—for now
* Lower Fed dots send dovish signal
* Oil Prices—bearish short term, but tighter market by Q4
* Global bond portfolio allocation drop to its lowest level since 2011

June 17, 2015
Global bond portfolio weights have dropped to their lowest level since the onset of the Euro Area debt crisis, to just over 30% of the total global bond and equity allocations by mutual funds and ETFs. Recent volatility in fixed-income markets has hit both EM bond funds and global high yield corporate bond funds.
June 11, 2015

* Markets adjust to higher bond yields
* U.S. expansion on track after Q1 pothole
* Japan— trailing consumption
* EMCI shows pickup in May
* China— signs of stabilization
* Mexico— mid-term elections bring political shifts
* Kenya— aggressive rate hike
* A Greek deal— teetering on the brink

June 2, 2015

The ECB Governing Council reviewed a brightening landscape in its June 3rd monetary policy meeting. The most notable—and necessary from a monetary policy perspective—development has come in the uptick in inflation. Our inflation sub-index is finally climbing out of ’red’ territory.