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New Zealand Equity Monthly – August 2021
SHARE THIS With the reporting season in full swing, this month we turn our attention to New Zealand’s corporate results and announcements. In particular we focus on the COVID-19 pandemic and its effect on such results and highlight how changing...
https://emea.nikkoam.com/articles/2021/nz-equity-monthly-august-21 -
New Zealand Fixed Income Monthly - August 2021
SHARE THIS The detection of New Zealand’s first COVID-19 Delta variant infections and the subsequent decision by the Reserve Bank of New Zealand (RBNZ) to postpone a widely expected rate hike muddied the country’s outlook in August. The economy was...
https://emea.nikkoam.com/articles/2021/nz-fixed-income-monthly-august-21 -
Staying adaptive to an evolving recovery
SHARE THIS The world is settling into a new normal that is likely to look quite different from pre-COVID-19 norms. This includes different patterns of demand shaped by learning to live with the virus and an ongoing fiscal thrust with firm policy...
https://emea.nikkoam.com/articles/2021/staying-adaptive-evolving-recovery -
Asian Fixed Income Monthly - August 2021
SHARE THIS US Treasury (UST) yields rose in August, prompted by data showing stronger-than-expected US employment growth. The rise in rates was supported by hawkish comments from some US Federal Reserve (Fed) officials.
https://emea.nikkoam.com/articles/2021/asian-fixed-income-monthly-august-21 -
Multi-asset Monthly - September 2021
SHARE THIS As we contemplate a post-pandemic world, it is becoming more likely that things will not return to “normal” as we once knew it. While vaccines have been highly successful in preventing serious illness in those who are still contracting the...
https://emea.nikkoam.com/articles/2021/multi-asset-september-2021 -
Latin America: Supplier to a commodity-hungry world
SHARE THIS Inflation is on everyone’s mind. From central bankers to bakers, it is one of the biggest topics of discussion. The prices of many commodities are rising sharply. The reasons vary. Supply constraints, sharp rise in demand or bad weather—take...
https://emea.nikkoam.com/articles/2021/latin-america-supplier-commodity-hungry-world -
Global Investment Committee’s 12-month Outlook: Continue risk-positive, especially for Japan
SHARE THIS Out of the six scenarios presented, a narrow majority of our committee agreed again on a positive scenario in which the global economy matches the market consensus for solid growth, while equities continue to rally.
https://emea.nikkoam.com/articles/2021/global-investment-committee-outlook-2110 -
What can investors expect from a Kishida government?
SHARE THIS As expected by most observers, Mr. Kishida won the Liberal Democratic Party presidential election in the second round with a sturdy, though not overwhelming, 60% of the vote. He will be formally named prime minister next week and will likely...
https://emea.nikkoam.com/articles/2021/investors-expects-kishida-government -
New Zealand Fixed Income Monthly - September 2021
SHARE THIS Since the Reserve Bank of New Zealand (RBNZ) postponed a widely expected rate hike in August, pricing in the market has pulled back, supporting a view that the central bank will hike rates by 25 basis points (bps) at each of its next three...
https://emea.nikkoam.com/articles/2021/nz-fixed-income-monthly-september-21 -
Japan Equity Monthly - September 2021
SHARE THIS We provide an update of Japan’s political calendar as the new Prime Minister Kishida leads the ruling party into a 31 October general election, which could have a significant market impact. We also discuss what the recent China-related...
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-september-2021 -
New Zealand Equity Monthly – September 2021
SHARE THIS The equity market reaction to New Zealand’s second COVID-19 lockdown has been far more muted than the first time similar restrictions were imposed. The first lockdown from March 2020 caused an aggressive sell-off as investors and companies...
https://emea.nikkoam.com/articles/2021/nz-equity-monthly-september-21 -
Asian Equity Monthly - September 2021
SHARE THIS Asian stocks fell in September, with concerns about China’s growth outlook and the US Federal Reserve (Fed)’s taper plan being the key drivers of sentiment. For the month, the MSCI AC Asia ex Japan Index declined by 4.2% in US dollar (USD)...
https://emea.nikkoam.com/articles/2021/asian-equity-monthly-september-2021 -
Multi-asset Monthly - October 2021
SHARE THIS Volatility has arisen as we expected it eventually would, and September is often an apt month to rediscover risk given market participants’ return from summer vacations noting that record high equity markets do not quite square with a number...
https://emea.nikkoam.com/articles/2021/multi-asset-october-2021 -
Asian Fixed Income Monthly - September 2021
SHARE THIS US Treasury (UST) yields rose in September, with the US Federal Open Market Committee finally alluding to moderate its asset purchases as soon as November. The rise in rates was further supported by an escalating power crunch across Europe...
https://emea.nikkoam.com/articles/2021/asian-fixed-income-monthly-september-21 -
Global Equity Quarterly Q3 2021
SHARE THIS Our philosophy is centred on the search for “Future Quality” in a company. Future Quality companies are those that we believe will attain and sustain high returns on investment. ESG considerations are integral to Future Quality investing as...
https://emea.nikkoam.com/articles/2021/global-equity-quarterly-q3-emea_americas -
Japan Equity Monthly – October 2021
SHARE THIS We explain how the recent lower house election win gives Japan’s new prime minister a free hand to pursue policies aimed to help the economy recover from COVID-19. We also analyse why a weaker yen no longer provides as much of a boost to...
https://emea.nikkoam.com/articles/2021/japan-equity-monthly-october-2021 -
New Zealand Equity Monthly – October 2021
SHARE THIS The New Zealand stock market has been flat in the calendar year to date, with companies working to adapt to a number of risk factors. This puts it in stark contrast with markets in the rest of the developed world, which have seen gains...
https://emea.nikkoam.com/articles/2021/nz-equity-monthly-october-21 -
Japan Value Insights: Medical technology key to value and addressing inefficiencies
SHARE THIS Japan’s rapidly advancing medical technology is viewed as a way to address the healthcare sector’s inefficiencies while at the same time offering potential value opportunities.
https://emea.nikkoam.com/articles/2021/japan-value-2111 -
New Zealand Fixed Income Monthly - October 2021
SHARE THIS October was a tough month for the New Zealand bond market with yields rising in anticipation of further increases in cash rates and in response to global markets bracing for the possibility of central banks reducing stimulus by tapering bond...
https://emea.nikkoam.com/articles/2021/nz-fixed-income-monthly-october-21 -
Global Fixed Income Quarterly - Q4 2021 Outlook
SHARE THIS The optimist says prices are cheap. The pessimist says prices are expensive. The central banker says inflation is transitory. We remain in the aftermath of a month where the worldview on the future of monetary policy has dramatically changed.
https://emea.nikkoam.com/articles/2021/global-fixed-income-quarterly-outlook-2111
