2018 Global Market Outlook - Q3 update: Trade-war tightrope

The two key global market trends of early 2018 - U.S. growth leadership and the U.S. dollar bounce - have probably run their course.



Market Insights

Demystifying big data: How to critically assess quantitative investment signals

Big data is one of the hottest buzzwords in the investment industry today. This is understandable given the prolific growth of data and data processing technology over the past several years and the intriguing applications of big data to equity investing.
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ESG survey: Spotlight on integration by fixed income managers

Over the last few years, Russell Investments’ manager research team has conducted an annual ESG survey of global fixed income managers. From this survey, we’ve observed a rapid growth in the awareness of environmental, social and governance (ESG) factors. Crucially, this has fostered a widespread willingness among managers to incorporate ESG factors into their investment processes. Today, we put the spotlight on why—and how—fixed income managers are integrating ESG factors.
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Is Goldilocks awake? Time to consider exposure to alternatives

2017 was a Goldilocks year. Market conditions seemed just right: the global economy was generally steady, interest rates remained low and many equity markets had high returns and low volatility. But 2018 has given us less sanguine conditions. Global economic growth is still solid, but slower. Interest rates remain low, but are rising. And equity markets have relatively higher volatility and lower returns. We’re not suggesting the bears have come home to find Goldilocks asleep, but we believe challenges facing investors makes it an ideal time to consider exposure to alternatives.
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International Bonds Q&A

James Mitchell, senior portfolio manager, global fixed income answers frequently asked questions from investors on the outlook of the Global Bond market and how our fund is positioned.
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2018 Global Market Outlook – Q3 update: Trade war tightrope

The two key global market trends of early 2018—U.S. growth leadership and the U.S. dollar (USD) bounce—have probably run their course. Be alert for an escalation in the trade-war issue, and keep an eye on the yield curve for a U.S. recession warning, although this seems unlikely before late 2019.
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Q2 Fixed Income Survey - the US growth domino effect

Throughout the year we ask leading bond and currency managers to consider valuations, expectations and outlooks for the coming months. In Q2 2018, we’ve put the spotlight on U.S. rates and inflation expectations, credit markets and casualties from rising U.S. interest rates.
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Adam Smears

Q2 2018 Global Fixed Income Survey: Key findings and conclusions

Throughout the year we ask leading bond and currency managers to consider valuations, expectations and outlooks for the coming months. This quarter’s survey included 62 responses from managers with specialisms ranging across eight fixed income sectors.
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Adam Smears

Are recession risks increasing in the U.S.?

This is now the second-longest U.S. economic expansion ever1. We always knew it was going to be a long road to recovery—the severity of the Great Financial Crisis and the mediocrity of the subsequent growth trajectory meant a long and winding road back to normal activity levels. But by most measures the U.S. economy is now back to normal. And we are starting to see a few signs of late-cycle imbalances that show an economy on the cusp of overheating. In that regard, it’s logical for us to start asking about when the next recession might occur and the implications of that for multi-asset investment strategies.
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It’s not just the tweets. Some things are different.

This time is different.


I’m fully aware that the above phrase constitutes the four most dangerous words in our business. And, truth be told, on first glance, it may seem that today’s late-cycle bull market is no different from any others in recent history.
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