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Results 101–143
of 143 found.
Rising Food Prices May Whet Investors' Appetite for Agriculture
by Nick Kalivas of Invesco Blog,
Food prices are affected by a wide range of factors - from weather to geopolitics. Today, these factors seem to be pointing toward rising food inflation, and investors want to know where potential opportunities may lie.
Why Today?s Environment Favors Active High Yield Strategies
Fixed income investors are looking for ways to prepare their portfolios for rising interest rates. While bond prices generally fall when rates rise, history shows that high yield bonds have typically held up well in rising rate environments.
Income Is Always a Good Idea
by Jack Tierney of Invesco Blog,
Most of the 2014 forecasts were positive on stocks, albeit at a lower return after such a strong year in 2013, and negative on bonds. However, January was a down month for stocks and a very strong month for bonds, February saw stocks rebound and bonds range-bound, and March thus far has stocks down more than up and bonds still range-bound. With apologies for altering the famous quote attributed to Audrey Hepburn in Sabrina, "Paris is always a good idea," I would say that "income is always a good idea."
European Rally Has Legs
by Nick Kalivas of Invesco Blog,
Since hitting a low on June 1, 2012, the MSCI Europe Index has rallied 64.73%. In our view, there?s room for European equity markets to advance further, supported by strong fundamentals, positive flows and a steady uptrend from the June 2012 low.
Retirement Savings: How Much Is Enough? Part 2: Good News Not Good Enough
by Jon Vogler of Invesco Blog,
This second blog in a two-part series about retirement readiness discusses whether 401(k)s and Social Security can adequately meet retirement income needs. Part 1 looked at the rule-of-thumb numbers cited as guidelines for income replacement in retirement.
Retirement Savings: How Much Is Enough? Part 1: 70%, More or Less?
by Jon Vogler of Invesco Blog,
This first blog of a two-part series about retirement readiness looks at the rule-of-thumb numbers cited as guidelines for income replacement in retirement. Part 2 will discuss how adequately 401(k)s and Social Security will meet those target numbers.
Four Reasons to Consider Emerging Markets for the Long Term
by Borge Endresen of Invesco Blog,
Emerging markets are at that peculiar place where everyone likes them over the long term, but very few like them in the short term. Many well-publicized headwinds from 2013 remain going into 2014, accompanied by election uncertainty in Brazil, India, Indonesia, South Africa and Turkey. And political uncertainty keeps surfacing in such places as Thailand, Turkey and the Ukraine.
Bond Aid: Positive Outlook for High Yield in 2014
While most fixed income asset classes tied to interest rates saw negative returns during 2013, high yield bonds returned more than 8%, according to the JP Morgan Domestic High Yield Index. While we anticipate slightly lower returns in 2014, it looks to be a positive year for high yield markets.
Leading Indicators Offer a Window into Europe?s Recovery
by Matthew Dennis of Invesco Blog,
We?re seeing signs that the recovery in Europe is progressing. I wanted to take a moment to highlight some of the positives, uncertainties and opportunities that we believe investors should consider about the region.
Commodities: Is the Bear Market Near Its End?
by Scott Wolle of Invesco Blog,
On the surface, 2014 looks to be a tough year for commodities, as multi-year projects increase the flow of supplies to market even as demand has turned tepid, especially in emerging markets. However, a deeper look at the history of this asset class suggests that the outlook for commodities might turn around sooner than many expect.
Upstream Companies Set to Benefit if US Allows Oil Exports
by Juan Hartsfield of Invesco Blog,
US crude oil production is booming, and controversy over possibly exporting some of this abundance has quickly heated up in early 2014. Most recently, Alaskas Lisa Murkowski, the top-ranking Republican on the Senate Energy Committee, spoke out on Jan. 7 in favor of easing US restrictions on oil exports, which were largely enacted in the 1970s when domestic energy was scarce and lines at the gasoline pump were long. The topic of crude exports is polarizing politically and, given the recent lack of collaboration in Washington, its poised to be a recurring headline for some time.
What Does US Tapering Mean for Asia?
by Paul Chan of Invesco Blog,
The US Federal Reserve (Fed) took its first step toward unwinding its unprecedented monetary stimulus. Beginning in January 2014, the Fed will reduce monthly asset purchases by $10 billion to $75 billion. The scale of the tapering was very much in line with market expectation. While timing may have surprised some investors, the market had already priced in the Feds imminent move.
Debt Crisis Recovery: Bell Curves and Balance Sheets
by John Greenwood of Invesco Blog,
This three-part series examines the life cycle of a debt crisis and looks at where the US, UK and eurozone are in the recovery process. This second post looks at where the US stands in the deleveraging process. Part 1 explained the phases of a debt crisis, while Part 3 will focus on why the UK and eurozone lag the US in balance-sheet repair.
Debt Crisis Recovery: Bell Curves and Balance Sheets
by John Greenwood of Invesco Blog,
This three-part series examines the life cycle of a debt crisis and looks at where the US, UK and eurozone are in the recovery process. This first post explains the phases of a debt crisis. Part 2 will look at where the US stands in the deleveraging process, while Part 3 will focus on why the UK and eurozone lag the US in balance-sheet repair.
Investing in China? What You Should Know About Gaining Access to the Markets
Investors with exposure to China and those interested in gaining a foot into the country received some good news last month when it was announced that Chinas GDP grew by 7.8% in the third quarter. The news was a sigh of relief for investors as Chinas economy appears to have avoided the hard landing economists and investors had feared.
The ECB Rate Cut - Too Little and Too Late
by John Greenwood of Invesco Blog,
The decision of the European Central Bank (ECB) last week to cut its main refinancing rate from 0.5% to 0.25% and the marginal lending facility from 1.00% to 0.75% is too little and too late -- and virtually irrelevant to financial markets. The decision came after published data showed the eurozone headline consumer price index slowing to 0.7% year-on-year in October. Of course the equity markets rallied temporarily in a knee-jerk reaction to the ECBs move, but by the end of the day most of the gains were lost.
Health Care: Rx for Growth and Defense
by Ted Samulowitz of Invesco Blog,
The Capital Asset Pricing Model, used to price risky securities, suggests growth and defensive investments are mutually exclusive because the more an asset can return, the higher its risk must be. But growth itself can provide defensive benefits when a secular growth story occurs regardless of the business cycle.
The Great Stall of China
While China is without question the growth driver and the outperformer among Asian emerging markets, its clear the country is transitioning toward slower growth because of demographic factors and domestic rebalancing. In our view, China is entering a multiyear period of slower growth, but we consider its future growth robust and sustainable when compared with overall global gross domestic product (GDP) growth -- albeit below the annualized pace of more than 10% China experienced from 2001 to 2010.
Looking Past the Politics: What Does the Market Need to Grow?
by Ron Sloan of Invesco Blog,
As the tone of the debt ceiling negotiations in Washington wavered over the past several days, equity markets rose and fell in kind. While lawmakers were able to come to a last-minute agreement to raise the debt ceiling and end the 16-day federal government shutdown, the key to putting the markets on a solid foundation for the longer term is for corporations to generate earnings growth through increased revenues.
Move Along, Market: It's Only a Gaper's Delay
by Rick Golod of Invesco Blog,
After several days of stalemate between the White House and Congress, House Republicans have offered a six-week debt ceiling extension conditional on negotiating a package of fiscal concessions. The debt ceiling offer is straightforward, but the shutdown would continue until the fiscal concessions are agreed on. While this may dampen the economy and equity market, at least in the short run, I believe long-term investors should stay put and be patient.
The House at Main and Wall
by Justin Speer of Invesco Blog,
This four-part series tracks the recent US housing recovery and explains why investors should be both encouraged and cautious. Part 4 looks at pockets of investment opportunity on Main Street. Part 1 traced the recoverys trajectory against the backdrop of the overall US economy. Part 2 examined affordability and interest rates, while Part 3 discussed why homebuilders stocks may potentially be overvalued.
Credit Rating Agencies: Can They Get It Right? Part 3: Five Years After the Fall
by Michelle Shwarzman of Invesco Blog,
This three-part series takes a critical look at the growing role of credit rating agencies (CRAs) in the global financial system. This post reports on the United Nations General Assembly (UNGA) debate about the role of CRAs in the international financial system. Part 1 focused on the involvement of CRAs in recent financial and economic crises in the US and Europe, while Part 2 described post-crises attempts to reform CRAs.
Investing in Puerto Rico: What Investors Should Know
In recent quarters, investors have been on high alert about Puerto Ricos ailing financial situation. The concern was sparked by the US territorys ongoing recession, which has been characterized by high unemployment, $70 billion of total debt and a consecutive streak of annual budget deficits. Compounding investors fears were Detroits recent bankruptcy filing and Junes massive sell-off in the municipal bond market, which may have caused some weakness in Puerto Ricos debt.
Reasons for Optimism in a Sloppy Third Quarter
by Ron Sloan of Invesco Blog,
Investors are anticipating the day that we transition from a market dominated by monetary stimulus to an earnings-driven market. The problem is that earnings arent cooperating yet. In my view, weve still got a sloppy third and maybe fourth quarter to get through, but I think 2014 will likely be a much better earnings market.
How to Find Value in Real Estate With Risk On, Risk Off Off Again
by Walter Stabell, III of Invesco Blog,
Recent trends, including falling stock correlations, have been strong indicators that the global economy is normalizing and the practice of risk on, risk off investing, in which investors enter and exit perceived riskier investments based on how they feel about the economy, is now off again after becoming a phenomenon in the post-financial crisis years.
Could Clarity Confuse? The Industry Strikes Back
by Jon Vogler of Invesco Blog,
The intention of the Department of Labor (DOL) proposal to illustrate lifetime income streams on 401(k) statements is to clarify retirement income status for participants. But according to industry and trade groups, the requirement may have the opposite effect, creating more confusion than clarity.
What Triggers Would Make Japanese Equities Attractive?
by Mark Jason of Invesco Blog,
Through the second quarter of 2013, Japan remained Invesco International Growth Funds largest underweight versus the Custom International Growth Index because our EQV (earnings, quality and valuation) discipline criteria drive us toward high-quality companies at reasonable valuations, and those are scarce in Japan. Why? Because Prime Minister Shinzo Abes success is being priced in, and overcoming two decades lost to stagnation is difficult.
Fight Over the Fed: Why So Ugly?
by Michelle Shwarzman of Invesco Blog,
When President Barack Obama let it slip in a June interview that Federal Reserve (Fed) Chairman Ben Bernanke had already stayed a lot longer than he wanted or he was supposed to, the quest for the next Fed chair was underway. But few anticipated it would devolve into a fairly brutal brawl - by economist standards - between two extremely competent and capable PhD candidates: Fed Vice Chair Janet Yellen and former Treasury Secretary Larry Summers, who also served as Harvards president and chief White House economic advisor.
Three Reasons Why Money Market Yields Are So Low
by Craig Bloodworth of Invesco Blog,
Im often asked why money market yields are so low today - even lower than they were a few months ago. My response generally begins with overnight repurchase agreements, or repo, which impact the price of term securities in the money market space.
Detroit Bankruptcy Not Indicative of Credit Trends
Detroit filed for bankruptcy on July 18, making it the largest municipality to file for bankruptcy, as well as the first time a states largest city has filed. While this is a historic event, its definitely not unexpected - Detroits declining finances date back to the 1960s. A 50-year trend is a pretty telling metric.
A Pivotal Point in the Markets
by Meggan Walsh of Invesco Blog,
Because the market is a forward-discounting mechanism, its not unusual for it to have led the economic recovery over the last four years. Today, I believe the market has already discounted a decent economy over the intermediate term and is approximately fairly valued. But thats not the whole story.
Emerging Markets Debt Remains Fundamentally Strong
Junes massive bond sell-off, prompted by fears that the Federal Reserve would wind down its bond-buying program, has had a negative trickle-down effect on emerging market debt-dedicated assets, which were hit hard as part of the record $14.45 billion in outflows seen in the overall bond market for the week ending June 12.
Consider Convertibles in a Rising Rate Environment
by Walter Stabell III of Invesco Blog,
The recent mass exodus out of bonds in which investors pulled more than $18 billion from funds that invest in bonds over a two-week period ending June 12 may have left you searching for the best opportunities in the bond market.
Despite Interest Rate Concerns, Muni Volatility May Offer an Entry Point
by Jack Tierney of Invesco Blog,
As we approach the midway point of 2013, the capital markets have many concerns: the potential end of quantitative easing (QE3), the slow rate of economic growth, the stubbornly high unemployment rate and the sorry state of affairs in both federal and state government finances. I wont speculate on the eventual outcome of these issues, especially where politics is concerned. But I do think its valuable to look past the markets fear and search for areas where smart investors can take clear-eyed action and benefit in uncertain conditions.
Results 101–143
of 143 found.
