The suspension of the UK parliament on August 28 had deepened the financial industry’s resignation, with the prospects of a No-Deal Brexit rising substantiation, weakening the pound. UK-based Paul Jackson, global head of asset allocation research at Invesco, gives Asset News a pulse of the situation on ground.
The Nordic country has very little debt, amounting to just 35% of its GDP, and its longest issue matures in 2039.
Gerry Fowler, investment director at Aberdeen Standard Investments (ASI), comments on the negative yield curve in Europe this summer, impacted by factors such as the Sino-US trade war and Brexit uncertainty.
Strengthened investor confidence due to increasingly accommodative central banks led to a greater demand for bonds and a rebound of equity funds in June 2019.
As a direct response to volatility, 70% of investors changed their portfolios, with 37% opting for less risky investments and 35% choosing riskier avenues, according to Schroders Global Investor Study 2019.
As ever more investors move towards private and real assets, Asset News has surveyed index providers on their adjustment to the trend.
In the first half of 2019, Swiss stock exchange operator Six generated CHF 99.9 million (€91.8 million) in earnings before interest, taxes, depreciation and amortization (EBITDA) and CHF 551.7 million (€507 million) in operating income.
Chinese e-commerce giant Alibaba’s $15 billion listing in the Hong Kong stock exchange, set to take place in late August, has been postponed, due to the ongoing political unrest in the country.