Beyond Markets: Recent Episodes
Julius Baer
2023 is what our analysts labelled the year of the cool-down. It has been a while coming – but inflation has finally started to cool in the major economies. So, what is on the cards now?
In this episode of the Beyond Markets podcast: ‘Market Outlook - a fresh perspective into year end’, Norbert Rücker, Head of Macro and Next Generation Research, talks to Bernadette Anderko about what amendments our analysts have made to their financial market outlook in light of events over the summer months and how they see the markets playing out into the year end.
00:32 - Introduction
00:59 - Economic situation and monetary policy expectations
02:25 - China’s balance sheet problem
03:57 - Research calls for Asian assets
05:51 - Summary of key equity recommendations
06:59 - Sweet spots in emerging market equities
07:40 - Refreshing our fixed income recommendations
08:34 - US dollar expectations
09:53 - An update on the Japanese yen and Swiss franc
10:26 - Artificial intelligence: true leaders still represent value
11:36 - Copper has room to run
13:01 - Energy outlook this winter
14:02 - Summary and conclusion
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Join us on a journey into the heart of one of the world's most captivating investment landscapes – India. India went from being a USD 280 billion economy 30 years ago to a USD 3.2 trillion economy this year – a tenfold increase. It’s the fifth largest economy in the world, and by the end of the decade it’s forecast to be number three. India is also the fifth largest stock market in the world. A hundred dollars invested in India’s Nifty index 30 years ago, would be 1,600 dollars today. So, what happened in India?
Our Julius Baer experts Mark Matthews, Head of Research Asia, and Rupen Rajguru, Head of Equity Investment and Strategy discuss the reasons behind India’s impressive growth story and explore why India is such a compelling investment case today. Tune in to our podcast and embark on a journey of growth and opportunity in India.
After Jerome Powell’s speech at Jackson Hole on Friday, the futures market’s odds for a rate hike at the September FOMC meeting rose from 18% to 21%, and from 35% to 42% at the November meeting. Yet the Wall Street Journal’s interpretation was largely dovish, noting the phrase “proceed carefully” was used twice. JP Morgan Chase’s card tracker is indicating that August retail sales will likely be down month on month, which would be welcome after July’s big increase. August is on average not a stellar month for the S&P 500 index, nor is September or even October. It’s only in November on average that stocks get lift off into the year end.
In this special diversity and inclusion episode Wen Han Choy from JB Cares talks to Beyond Social Services (BSS), a Singapore-based NGO and charity that helps lower-income and less privileged families in Singapore.
What’s the state of poverty in a wealthy nation like Singapore? How does Julius Baer collaborate with local partners to give back to society? What are BSS’ success stories? And how can our listeners get active and support BSS as volunteers? Find out more in this episode with guest speakers Ranganayaki Thangavelu, Deputy Executive Director, and Shariffah Nureza Binte Syed Ayoub Alsagoff, Community Worker at BSS.
About JB Cares
The JB Cares SG chapter is part of the Bank’s global network of employee/volunteer-led organisations in various locations. The areas of focus are Education, Health and Children, tying in smoothly with the mission and goal of Julius Baer Foundation, which is to reduce inequalities in education, opportunity and wealth.
What could a physically backed Exchange Traded Fund (ETF) mean for digital assets? In this episode, Manuel Villegas, Next Generation Research Analyst, and Philipp Kraemer from the Digital Assets Advisory Team at Julius Baer, discuss the evolving dynamics in the digital assets space, specifically, the role of spot ETFs, a looming supply squeeze, and the regulators’ next moves.
In this episode, we discuss what’s on the radar for us that could move the markets. This week, intense scrutiny will be on what central bankers say in Jackson Hole and if Nvidia can keep up the AI frenzy.
This episode is presented by Kelly Chia (Deputy Head of Research, Asia).
In this episode of The Week in Markets, we examine recent market volatility in both the US and China markets. Specifically we discuss why the rates market sold off and how that may affect US assets, why the current pullback in US equities may be an opportunity to add, and how the latest financing challenge in the Chinese trust industry may hurt sentiment. Last but not least, India stands out as a long-term pick in Asia - we explain why.
This episode is presented by Richard Tang, head Research Hong Kong for Bank Julius Baer.
In this episode, we discuss about why the stock markets are taking a breather, how you can position yourself and what is happening in China’s trade data.
This episode is presented by Kelly Chia (Deputy Head of Research, Asia).
大家好。歡迎收聽瑞士寶盛的播客節目。我是瑞士寶盛香港區研究部主管鄧啟志。進入新的一個
月，又是我們跟思睿集團月度對話的時間。歡迎思睿集團的合伙人及首席shǒuxí經濟學家洪灝先
生，跟我繼續討論中國市場的前景。
洪灝先生您好。
Greetings ladies and gentlemen. Welcome to the Julius Baer podcast. This is Richard Tang, the China
strategist and Head of Research Hong Kong for Julius Baer. It’s the beginning of the month, and it’s time
again for our monthly conversation with GROW. Let me welcome Hong Hao back to our podcast to
discuss China, and Hao is currently the Partner and Chief Economist of GROW.
Hi Hao, thank you for your time speaking with us today.
Are Asian Real Estate Investment Trusts (REITs) still relevant today? What are the benefits, opportunities, and challenges? Can Asian REITs still add value to investors’ portfolios? Find out more in this episode with our Julius Baer experts Jia Hao Sng, Head of Mandate Advisory Singapore and Alison Seng, Senior Portfolio Manager of Asia Equities.
In this episode we explore Credit Linked Notes and how they play an important role in a diversified portfolio in the current market environment. Listen until the end of this episode to find out what dumplings have in common with Credit Linked Notes.
Josiah Leow, Structured Product Specialist at Julius Baer, explains.
We all need somewhere to call home, but aside from residential property, real estate represents an asset class that can hold many varying opportunities for investors. In this episode of Beyond Markets, we speak to Markus Waeber, Head of Indirect Real Estate Advisory & Intelligence.
In this episode of The Week in Markets, we discuss on the takeaways of the politburo meeting that just concluded, why we think the Chinese market will range-trade, and what are the thematic and sector ideas. This is a busy week for investors because central banks in the US, Europe and Japan are all meeting this week, while large cap US tech stocks are reporting their earnings. We also give a brief overview of each of the events.
This episode is presented by Richard Tang, China strategist and Head of Research Hong Kong for Julius Baer.
What exactly do we mean by alternative investments? And why are investors paying more and more attention to them? In this episode of the Beyond Markets podcast, Adrienne Jaersvall, Head of Fund Advisory at Julius Baer, talks to Helen Freer, Investment Writer, to answer these questions. They also discuss various alternative investments including relative value strategies, and Adrienne offers her insights on how investors can incorporate them into their portfolios.
0:56 Why have we been hearing more about alternative investments?
2:44 How can an investor best incorporate alternative investments into their portfolio?
3:58 Can alternatives lower the overall risk level of a portfolio?
5:18 How can hedge funds add value to a portfolio?
7:17 Within hedge funds, which strategies do you like at the moment in particular?
7:56 What are relative value strategies?
10:11 How does merger arbitrage work?
11:25 How can relative value strategies protect investors from volatility?
13:20 Why should relative value strategies do well in the current environment?
The dollar fell 2.3% last week to below the psychologically-significant 100 level as US inflation numbers continue to go down nicely. Fed fund futures see a 92% chance of a rate hike on July 26, so the market won’t be surprised when that happens. More importantly is September and beyond. Federal Reserve governor Chris Waller (considered the 2nd most hawkish voting member) said last week: “In September if inflation bounces back, we should hike. But if the data looks like we’re making progress - we’ll get 2 more CPI reports - if they look like the last 2, the data would suggest maybe stopping.” Although the S&P 500 Index's 17.5% rise this year may appear excessive, in past years with such strong year-to-date moves, the index rose through the remainder of the year three-quarters of the time. Importantly, the bull market that had been confined to large technology stocks is broadening to other sectors, including cyclical ones. Their move contradicts the still widely-held believe that a sharp economic slowdown or recession is on the horizon.
This episode is brought to you by Mark Matthews, Head of Research Asia at Julius Baer.
In this Business Leaders episode of our Beyond Markets podcast, Alan Hooks is joined by Kerrie Jones, founder and CEO of specialist eating disorder treatment service, Orri. In this episode, Kerrie discusses the power of kindness and the realities of running a purpose-driven business.
In this episode, we discuss key questions on investors minds. How much of this is a hype phase now? What is not yet obvious as an investment in AI? What will regulations do to AI? Are costs going to come down for AI such that there is money to be made?
This episode is presented by Kelly Chia (Deputy Head of Research, Asia) and Reid Menge (co-PM for BlackRock’s Technology equity portfolios).
China consumption has been weak. In the most recent Dragon Boat Festival holidays, tourism revenue is still lower than in 2019. A few other consumption indicators have also been soft. The revenge spending does not seem to have happened and the rebalancing of China to a consumption driven economy is making slow progress. What may turn this around?
The Chinese yuan has been falling in view of weak growth and also the outlook of lower interest rates against the US. That clearly has hurt sentiment in the Chinese equity market as well. While Chinese households have a lot of deposit money, it has not benefited the stock market so far.
In this episode, Richard Tang, the China strategist and Head Research Hong Kong and Hao Hong, Partner and Chief Economist of GROW discussed on China consumption and economy, whether money is being reallocated from China to Japan, and the outlook for the RMB going forward.
In this episode, we discuss what’s on the radar for us that could move the markets. It’s a gap week with independence day celebrations but lots of macro data out later in the week.
This episode is presented by Kelly Chia (Deputy Head of Research, Asia).
In this week's episode, Yaw Shin Wong , Equity Specialist, recaps happenings in global markets. The Fed's "hawkish pause" could curb some optimism in the market but uptrends remain intact. Latest economic data out of China suggests the economic recovery momentum is fading which has led investors searching for alternatives. The Japanese market has come up as a strong alternative due to renewed corporate reforms.
This episode is presented by Yaw Shin Wong, Equities Specialist at Julius Baer.
How are affluent consumers spending their money? Where are the most expensive cities for living well? And what must you consider when protecting your purchasing power? John Franklin, editor-in-chief of Julius Baer’s Global Wealth and Lifestyle Report 2023, reveals the key findings and more in this episode.
In this episode of The Week in Markets, we recap the latest FOMC action and elaborate why this may be a good time for bond investments. In China, the focus question is whether the rally has legs. We discuss our three-part framework in evaluating the Chinese market and what we think may be the best strategy in the current market rebound.
This episode is presented by Richard Tang, the China strategist and Head Research Hong Kong.
2023 was meant to be the year in which we witnessed a major cool-down but this has not played out quite as expected. So, what is on the cards now?
In this episode of the Beyond Markets podcast: ‘Market Outlook Mid-Year 2023’, Christian Gattiker, Head of Research, and Kelly Chia, Deputy Head of Research in Asia, talk to Bernadette Anderko about the stalling of the cool-down, their expectations now regarding growth and inflation, and how they see the markets playing out in the second half of the year.
0:32 Introduction
1:05 Inflation and interest rate outlook
2:52 US recession likelihood
3:44 De-dollarisation vs Diversification
4:41 Currency outlook
5:40 Equity strategy – developed markets
6:39 Equity strategy – emerging markets
8:36 Japan
9:26 Next generation opportunities
11:01 Fixed income – likes and dislikes
14:06 Commodities
15:13 Final comments
From its low in October last year, the S&P 500 index is up over 20%, meaning it meets the technical definition of a bull market. Its largest company, Apple, is less than 1% from making a new all-time high. There were 26 bull markets since 1929, as defined as a 20% or more rally that was preceded by a 20% or more decline. 19 of the 26 had returns of over 30%. 16 of them had returns of over 50%. But this bull market goes against economic indicators that point to a slow-down or recession, and its breadth is unprecedentedly narrow, with less than one in four S&P companies outperforming the index. The forward price to sales ratio of the S&P Information Technology index at 6.5x is at a near-record high, compared to its long term average of 3.5x. And in the Q2 results season that starts next week, analysts expect a 9% y/y decline in earnings, the biggest decline since Q2 2020. But after that, analysts look for better earnings each quarter. As we move into H2 2023, the market will focus more on next year than this year. Analysts look for 2024 earnings to rise 11% y/y. Last week, the energy, financials and transportation indices all broke above downtrends in place since November 2021 and January 2022. All three are cyclical sectors; sensitive to the health of the economy.
This episode is presented by Mark Matthews, Head Research Asia at Julius Baer.
In this episode of The Week in Markets Magdalene Teo, Head of Fixed Income Research Asia, talks about the resolution of the debt deal in the US and key payroll data releases. Under the deal, the US government’s USD31.4trn debt ceiling would be suspended until 1 January 2025. With US default averted, the Treasury market can look to an avalanche of treasury bills to be issued in the next six months. The treasury bills will likely be absorbed by monies sitting in the money market funds. Outflows from bank deposits will likely lead to an increase in bank refinancing costs. Overall, the debt deal is less restrictive than expected for discretionary and mandatory spending. However, the deal does not reverse the trend to a higher debt-to-GDP ratio with the US spending an even higher share of its revenues for debt service in ten years. The positive news from the debt deal was however slightly offset by the US labor market showing strength. Prior to the release of the jobs data, US treasuries saw a rally after two Federal Reserve governors argued for an interest rate pause to allow the board to assess more economic indicators following the past months of tightening. The overall message is that a ‘Hold’ is not an end of the tightening. The market has now priced in a ‘skip’ in June and a good chance of a hike in July. Over to Asia, we saw some supportive policy news from China over the weekend providing a lift to equities and commodities on Monday. As expected, the government signalled targeted steps to boost the economy following the economic data print for May, focusing on the preferred sectors rather than a major stimulus like before. Trading activity is expected to be light as we approach the start of summer with investors leaning towards quality bonds while eschewing credit risks.
In this episode of the week in markets, Equities Research Analyst Jen-Ai Chua discusses the progress made in resolving US debt ceiling issues, and key US economic data releases this week. Interest rate outlook remains murky as dovish comments from the May FOMC minutes are mitigated by stickier PCE inflation in the latest UMich survey. Meanwhile, the rally in AI stocks, led by Nvidia’s mind-blowing revenue guidance, shows no sign of abating, driving the NASDAQ’s best start to the year (relative to the Dow) and outperformance in the tech heavy North Asian markets of Korea and Taiwan.
Earnings outlook for Asia as a whole is, however, muted, on single digit cuts to 2023E earnings post the Q1 results season. We expect investors to remain on the sidelines until the FOMC meeting on 13-14 June.
In this episode, Mark Matthews, Head of Research Asia at Julius Baer, talks about recent comments by some voting members of the Federal Open Market Committee (FOMC) that rates will need to stay high into 2024, the outperformance of the Dow Jones Industrial Average, the Philadelphia Fed’s survey of professional forecasters showing the probability of a recession over the next 12 months, at 43%, the conundrums Arthur Burns faced when he was chairman of the Federal Reserve from 1970 to 1978, the difficulties China is facing in adjusting its zero-Covid policy, and a very rare signal that suggests the Hong Kong stock market could be on the cusp of a bull market and more.
In this episode, Kelly Chia, Deputy Head of Research Asia at Julius Baer shares his thoughts on current market dynamics after a monster short covering rally on 11 November. This was on the back of cooler than expected inflation numbers in the USA. Topics covered: Upcoming data points to watch out for, The probability of Recession, Hedging against inflation with defensive sectors eg Healthcare and Staples, Yield Curve inversion, COP27
In this episode of the Beyond Markets podcast “Key takeaways from the Q3 earnings season”, Mathieu Racheter, Head of Equity Strategy Research at Julius Baer, talks to Helen Freer, Investment Writer, about how companies have fared in the Q3 earnings season and how investors have reacted.
In this episode Julius Baer expert Mark Matthews, Head Research Asia Pacific, and guest speaker Curtis Chin, former US Ambassador and Chair of the Milken Institute Asia Centre, take a closer look at the US midterm election outcome and discuss some key topics. What will be the fate of President Joe Biden’s agenda? What effects will the election results have on the economy and investors' portfolios? How likely is a 2024 comeback by former President Donald Trump? Listen now to find out more.
Total Loss Absorption Capacity (TLAC) Bonds were first introduced in 2015 to ensure that global systemically important banks (G-SIBs) have enough equity and bail-in debt to pass losses to investors and minimise the risk of a government bailout. As TLAC bonds are getting increasing focus from investors lately, our experts explain their key features as well as the risks related to investing in these instruments. They’ll also give a brief background on how they came about after the 2007-2009 Global Financial Crisis. Learn more in this episode with Marian Mak, Head of Asia Fixed Income Specialists in Hong Kong and Laura Wong, Asia Fixed Income Specialist in Singapore at Julius Baer.
Many investors are anxious, and understandably so, but the current market environment also provides plenty of opportunities. In this episode of the Beyond Markets podcast “What nervous investors should make of financial markets”,Diego Würgler, Head of Investment Advisory at Julius Baer, talks to Helen Freer, Investment Writer, about how a disciplined strategy for the long-term is key.
In this special episode of the week in markets, Bhaskar Laxminarayan, CIO Asia Pacific and Mark Matthews, Head Research Asia Pacific at Julius Baer share the key trends that will shape the economy and markets in the longer-term.
The week in markets brings you weekly updates on the latest market headlines, stories and insights from our Julius Baer experts.
What a year it has been! Financial markets have swung from bullishness to maximum bearishness. Most asset classes equities, bonds, crypto-coins, commodities (except for energy) have all fallen by a fifth or more from their peaks. This should have been the perfect environment for Gold to shine – but it didn’t. What explains the behaviour of the Gold market? What can investors expect looking ahead?
Find out more in this episode with our experts Carsten Menke, Head of Next Generation Research and Chris Irwin, Precious Metals Trader at Julius Baer.
With the US dollar extending its rally and breaking 20-year highs, what does it mean for the rest of the world? Who have been the winners and losers? How can portfolios be positioned for 2023?
Tune in as we discuss this and more with Singapore-based FX specialist, Sabrina Choy.
In celebration of World Mental Health Day on 10 October, Beyond Markets brings you a special episode on how to improve yourMental Health and Resiliency.In this episode, we speak to Bobby Teng, a psychology-trained clinical counsellor and consultant at Human Dynamic, to understand more about mental health and the strategies and resources that may offer support on one’s personal mental health journey.
Growth is slowing and rates are rising – this year has been very challenging for investors so far. In this episode of the Beyond Markets podcast “Market Outlook Year-end 2022 – Look for lows but stay open-minded”, Christian Gattiker, Head of Research, and Mark Matthews, Head of Research in Asia, talk to Helen Freer, Investment Writer, about the current market environment and what it means for investors.
Weekly summary of the latest market headlines and relevant insights from our Julius Baer experts.
Find out everything you need to know for the week ahead.
Markets had a lot to digest this year with spiking inflation, aggressive central bank tightening, the Ukraine war and the ongoing pandemic taking a toll on most asset classes. With just under four months left in the calendar year, what are our experts’ views on what to expect? Find out more in this episode with Pearlyn Wong, Head Investment Promotion & Solutions Asia and Kelly Chia, Deputy Head Research Asia at Julius Baer.
This year so far has been the worst 8 months on record for fixed income markets. In this episode of the Beyond Markets podcast: “Central banks to keep fighting inflation”, Markus Allenspach, Head of Fixed Income Research, talks to Helen Freer, Investment Writer, about how different central banks are using monetary policy to tackle inflation and what this all means for fixed income investors.
Digital Assets are an important consideration for the future of Asia Wealth Management as ever more investors demand new services and solutions. In this episode, we discuss the findings of a comprehensive survey on affluent, high-net worth (HNW) individuals and wealth management firms in the region. What products and services are investors demanding? What are their concerns? Why are financial institutions holding back despite this market opportunity? And what is key to succeed in this unclaimed territory?
Find out more in this episode with our experts Nam Park, Head of Strategy and Business Operations Singapore at Julius Baer and David Wilson, Wealth Management Lead Asia for Accenture.
One of the structural tailwinds that the healthcare sector is set to benefit from is the sharp rise in the number of people over the age of 65. Historically, the sector tends to do well in stagflationary periods – which is the overriding concern for financial markets today. Are healthcare stocks a safe harbour for portfolios in these turbulent times?
Find out more in this episode with our experts Guy Bettschart, Healthcare Analyst and Yaw Shin Wong, Equities Specialists Asia at Julius Baer.
There are a number of factors that drive equity markets but investors are really focused on the earnings season at the moment. In this episode of the Beyond Markets podcast: “Q2 earnings season so far”, Mathieu Racheter, Head of Equity Strategy Research, talks to Helen Freer, Investment Writer, about some of the highlights from the second-quarter earnings season so far.
ESG Investing is an important consideration for the Future of Asia Wealth Management. In this episode, we discuss the findings of a comprehensive survey on affluent and high-net worth (HNW) individuals in the region. What are the attitudes, needs and wants of Asia wealth management clients towards ESG investing? What kind of ESG investment products and wealth management services are most in demand? And what is the opportunity set for wealth management firms in the region?
To find out more, listen to this episode with Pearlyn Wong, Head Investment Promotion & Solutions Asia at Julius Baer and David Wilson, APAC Wealth Management Lead for Accenture.
In the current economic climate of rising rates along with the prospect of slowing growth, can investors find refuge from inflation in property? Which could perform better? Listed developers, real estate investment trusts (REITs) or physical real estate? Commercial or residential? What are some of the risks investors should be aware of?
Tune in, as we discuss all this and more with Asia real estate specialist, Chua Jen-Ai, Research Analyst at Julius Baer.
The impact of currency fluctuations on the performance of a portfolio can be significant over time. In this episode of the Beyond Markets podcast: ‘Currency matters’, Tim Gagie, Head of FX and Precious Metals Solutions in Geneva, talks to Helen Freer, Investment Writer, about how currency markets work, and what factors investors need to consider in order to navigate FX markets well.
Equity markets have showed continued weakness in the last month, supported by sustained inflation, macro uncertainty and negative investor sentiment. In this episode, our experts Mark Winterburn, Head of Advisory UK, and An Do, Portfolio Manager in London, dig deeper into what is driving the current market weakness, whether we should expect further downside from here, and, on a lighter note, if there are any silver linings in what has been a dreadful first half of the year for equity markets.
Digital assets have fallen in tandem with equity markets in recent weeks. Our experts take a closer look at the key factors for the recent selloff and the sentiment in the market. In this episode with Nam Park, Head of Strategy and Business Operations Singapore and Justin Chow, CEO and Executive Director of Hidden Road Singapore and Global Head Digital Assets we take a deep dive into the crypto world, the latest developments and address all pertinent questions.
Our experts believe there are many conflicting factors at work at the moment but that overall, we are not heading for a recession. To find out more, listen to our latest episode of the Beyond Markets podcast: ‘Market Outlook Mid-Year 2022: The price of getting ahead of the curve”, where our Head of Research, Christian Gattiker, and our Head of Research Asia, Mark Matthews, discuss what investment opportunities lie ahead with Helen Freer, Investment Writer at Julius Baer.
Gina Battye is a world-renowned Consultant for Psychological Safety and LGBT+ Inclusion. She works with leading global organisations and is a best-selling author. Her 5 pillars of Psychological Safety provide the foundation and building blocks to create fully inclusive workplaces – a concept that is being used around the world. In this special Pride Month episode, Gina explains why it is so important to bring your true self to work and how leaders can encourage it by creating the right conditions. What can we do as individuals to be more inclusive and create a positive working environment, for us and our colleagues? How does it feel to be excluded at the workplace? And how do we call out exclusive behaviours in a constructive way? Listen to Gina’s inspiring insights with Julius Baer host Lutz Timmen and learn how we all can cultivate an inclusive environment at work so that individuals, teams, and businesses can thrive.
[01:56] What is a LGBT+ Consultant?
[02:32] Biggest challenges for LGBT+ people
[04:56] What is Psychological Safety?
[06:20] Challenges LGBT people face in the workplace
[07:37] Bringing your true self to work
[12:05] True self – on an individual level
[13:34] True self – benefits for team and organization
[16:21] Exclusion at the workplace
[20:22] What can we do to be more inclusive?
[23:47] What are Allies, and how can they help?
[27:03] How leaders can foster a more inclusive environment
The trinity of inflation, war, and interest rate hikes has created a perfect recipe for a challenging fixed income environment, leaving investors high and dry. In this episode, our experts, Marc Blunier, Head of Investment Promotion & Solutions and Rishabh Saksena, Head of Investment Specialists Asia Pacific, address key investor concerns. What is the outlook for fixed income markets? How should investors position their portfolios? Which segments and regions look attractive? Find out in this episode.
The trinity of inflation, war, and interest rate hikes has created a perfect recipe for a challenging fixed income environment, leaving investors high and dry. In this episode, our experts, Marc Blunier, Head of Investment Promotion & Solutions and Rishabh Saksena, Head of Investment Specialists Asia Pacific, address key investor concerns. What do rising interest rates mean for investor portfolios? Where are the central banks' policy tightening efforts leading? Is a recession on the horizon? Is now a good time to invest? Listen to this episode to find out. Stay tuned for part 2, where we will take a deeper dive into investment opportunities.
Last week saw a shakedown in crypto markets with broad-based drawdowns for many leading tokens driving one of the largest weekly declines in total crypto market capitalisation in recent history. The trigger? The high-profile collapse of algorithmic stablecoin Terra USD (UST) which led to a general loss in confidence in the broader crypto ecosystem, further denting already low sentiment in the digital assets space. What are the implications of these developments? How does this change the outlook for this emerging asset class? Listen now to find out more, in this timely episode with Julius Baer experts Nicolas de Skowronski, Head of Wealth Management Solutions and Member of the Executive Board and Sipho Arntzen from the Next Generation Research team.
This year’s sell-off in equity markets has been disproportionately driven my investor sentiment. However, as sentiment is only a short-term driver of asset prices, it’s important to look at the fundamentals, i.e. the earnings of businesses, to determine their long-term growth outlook. In this episode, our experts Mark Winterburn, Head of Advisory UK, and Thanh Cung, Senior Portfolio Manager in London, share their insights on the latest earnings season and whether or not this drop in consumer sentiment has translated into disappointing results.
Last year, India’s benchmark index Nifty returned 23.3% in US dollars, including dividends, placing it among the best-performing equity markets in the world. Even as the global markets corrected sharply this year, the Nifty held up well, but it has finally joined the correction this month. What will be the course of the Indian markets going forward? Is now a good time to invest? What are some of the preferred themes and sectors? To find out, listen to this episode with our onshore experts, Unmesh Kulkarni, Head of Markets, Investment & Wealth Management Solutions, India and Rupen Rajguru, Head of Equities, India.
We know that investing in equities should pay off in the long run, but we also know that equities can be very volatile over a shorter period of time. In this episode of the Beyond Markets podcast: ‘Resilient companies’, Philipp Lienhardt, Head of Equity Research at Julius Baer, talks to Helen Freer, Investment Writer, about some of the challenges facing companies at the moment, and then about what it is that makes some companies particularly resilient to any challenging market developments.
Inflation is back with a vengeance and certainly seems to be the topic on everyone lips these days but the term ‘inflation’, while straightforward on its own, comes with a variety of accompanying, and sometimes confusing, jargon.
In this first Beyond Markets episode produced in the UK, our Julius Baer’s experts in London, Dawn Li Wan Po, Senior Portfolio Manager, and Felicity Selcoe, Senior Investment Advisor, focus on what central banks have been doing in response to the recent inflation spikes and help demystify the so-called ‘neutral rate of interest’.
Emanuel Macron has won France's presidential election, fending off a historic challenge from far-right candidate Marine Le Pen last Sunday. Macron took 58.5% of Sunday's vote, making him the first French leader to be re-elected in 20 years.
What impact will the results have on national and international policy? How did markets react on the surprisingly comfortable outcome for Macron? What is the impact on the Euro in the short and medium term? Will the French never elect a far-right president? And is Macron the new strong leader in the European Union? Find out more in this episode with our Julius Baer experts Sacha Walker, Head of Strategy & Business Operations Asia Pacific and Mathieu Racheter, Head of Equity Strategy at Julius Baer in Zurich.
At Julius Baer, we believe that Sustainability is a journey and not about one day in a year. Nevertheless, Earth Day on 22 April still serves a purpose, with the intent of dedicating one day in a year towards public recognition and respect of the environment.
This year’s Earth Day theme is Invest in Our Planet. Why should we invest in our Planet? One word – Scarcity. In particular, resource scarcity, which is the result of a rapidly growing global population with a huge appetite for natural resources. Two investment themes that directly relate to scarcity are Clean energy and the Circular economy. Learn more in this episode with our Julius Baer experts Marian Mak, Head of Fixed Income Specialists Hong Kong and Pearlyn Wong, Head of Investment Promotion & Solutions Asia.
For many years now, global interest rates have been close to historic lows, driving yield-oriented investors to seek alternative sources of income. More recently, as global central banks turned decidedly hawkish and fixed income market volatility spiked, we saw a surge of interest in private credit related investments.
In this episode Cheryl Tan, Head of Fund Specialists Singapore at Julius Baer speaks to Dwight Scott, Global Head of Blackstone Credit at Blackstone. What are the benefits of investing in private credit? And what should investors consider before investing? Find out more in this episode.
Most people would agree that climate change is a very serious issue. Could hydrogen be part of the solution? In this episode of the Beyond Markets podcast: ‘Hydrogen – part of the future energy system?’, Roberto Cominotto, research analyst at Julius Baer, talks to Helen Freer, Investment Writer, about the hydrogen market, to what extent green hydrogen could play a part in tackling climate change, and how investors could gain exposure to the theme.
The volatility in the China and Hong Kong markets in the recent weeks has been unprecedented. What are the reasons behind this? And what should investors look out for?
In this episode Tom Chen, Investment Advisor in Singapore talks to Richard Tang, China Strategist and Head of Research Hong Kong at Julius Baer. How long will the recent rebound last? How about property? And what about the internet sector?
Find out more in this Beyond Markets Podcast episode.
As countries across the globe are easing travel restrictions, no sector is watching with greater anticipation than the hospitality sector, which has borne the brunt of border closures. In this episode our Deputy Head of Research Kelly Chia talks to Kong Leong Chan, CEO Southeast Asia & Australasia at the Shangri-La Group who shares his insights and personal learnings from the pandemic.
Our experts will look back at the past two years and discuss the structural changes Covid has brought about. They also look ahead and explore what the future holds for the hospitality sector. Will business travellers return? How has travel behaviour changed? Are staycations going to stay?
Find out more in this Beyond Markets episode.
In this special International Women’s Day episode, Elaine Ngim, Head of Investment Advisory Singapore and Silvia Wegmann, Head of Sustainable Investment Solutions have an open exchange about their personal stories, work lives and leadership roles. They also discuss the importance of gender and diversity in an ESG context. This episode is moderated by Pearlyn Wong, Head of Investment Promotion & Solutions Asia.
The Q4 2021 earnings season is slowly but surely coming to an end and has once again caused major market movements. This, along with events currently happening on the global stage have led to a really action-packed start for 2022.
At first glance, Q4 numbers were generally better than expected. However, worries about inflation and the situation in the Ukraine have no doubt clouded visibility going forward.
In this episode our Julius Baer experts Philipp Kraemer, Equities Specialist in Zurich and Yaw Shin Wong, Equity Specialist Asia in Singapore share their insights and key takeaways from this earnings season and shed some light on current market developments.
Markets can certainly be bumpy at times, and when they’re falling, investors would love to know if they’re witnessing a brief correction, or if it is the beginning of a market crash. Of course that’s something that nobody can know for certain, but in a scenario like this there are some behaviours that, although may be tempting, often turn out to be mistakes. Massimiliano Fidanza, Investment Partner at Julius Baer, discusses ten of these with Helen Freer, Investment Writer, in our latest episode of the Beyond Markets podcast: “Ten of the biggest mistakes during a market crash or correction”.
What exactly is technical analysis, why is it important and how does it differ from fundamental analysis? To start with, technical analysis is based on three key assumptions: 1) the market discounts everything, 2) price movements follow trends, and 3) history tends to repeat itself. To find out more about how it works, listen to our latest episode of the Beyond Markets podcast: ‘Technical Analysis’, where Mensur Pocinci, our Head of Technical Analysis at Julius Baer, talks to Helen Freer, Investment Writer.
After Russia’s dramatic escalation of the Ukraine crisis, oil prices have seen some dramatic moves. Brent oil surged past USD100 a barrel for the first time since 2014.
What does the Ukraine crisis mean for financial markets and in particular for oil prices? How will oil and gas supply be affected? Looking beyond the short-term, what are the global demand and supply drivers for oil markets? What are the secular trends?
Learn more in this episode with our Julius Baer experts Norbert Ruecker, Head of Economics & Next Generation Research and Pearlyn Wong, Head of Investment Promotion & Solutions Asia
Over the past decade, the technology sector has massively outperformed the rest of the market. But lately the stock market has soured on the technology industry. Stock prices of many of the largest companies are down this year. Will technology stocks regain their lead? Or will they continue to lag?
In this episode our experts take a closer look at the US equity market and more specifically, the US technology sector. They will also address themes like the Metaverse, cloud computing and artificial intelligence.
Should investors own technology companies that could monetize these trends? What should investors do when interest rates eventually peak?
Learn more in this episode with Julius Baer’s Head of Research Asia, Mark Matthews and Head of Equity Strategy, Mathieu Racheter.
Although it has been rather quiet on the Singapore Real Estate Investment Trusts (S-REITs) front in the past year, there is definitely a case to be made to income investors for a REIT allocation in their portfolio.
What strategy is best suited for investors looking to gain exposure to the sector? How can investors mitigate risks in their REIT investments? And what impact would a potential hike in the goods and services tax (GST) in Singapore have on the sector?
Learn more in this episode titled “S-REITs – Survival of the fittest” with our Julius Baer experts Pearlyn Wong, Head of Investment Promotion & Solutions Asia and Jen-Ai Chua, Research Analyst in Singapore.
In a world with historically low interest rates where trillions of bonds are yielding less than zero, the environment is a challenging one for fixed income investors – to maintain the yield that they are accustomed to, they often need to take on more risk. So, what can fixed income investors do? To find out more, listen to our latest episode of the Beyond Markets podcast: ‘Looking for Alternatives to Fixed Income’, where our expert Adrienne Jaersvall, Head of Alternative Fund Sales at Julius Baer, talks to Helen Freer, Investment Writer.
Would you pay USD 69m for a collage of 5000 digital pictures? Well, someone in Singapore did just that and catapulted the small world of Non Fungible Tokens (NFTs) onto the world’s big stage. In 2021, USD 106bn worth of these electronic pictures were transacted. To put things in perspective, the global traditional art/antiques market hit about USD 50bn sales in the entire 2020. Is there really value in these digital pictures or is this a big bubble waiting to burst?
To find out more, listen to our latest episode of Beyond Markets: “Non Fungible Tokens (NFTs): Beyond 69 million dollar pixels” with our Julius Baer experts Nicolas de Skowronski, Head of Wealth Management Solutions and Member of the Executive Board and Kelly Chia, Deputy Head Research Asia in conversation with Eric Anziani, COO of Crypto.com.
What if we told you that there is a financial segment that has not just doubled or tripled but grown over 100 times in two years? Enter the world of Decentralised Finance (DeFi), which uses computer algorithms to provide financial services that mimic what the financial industry today is offering. This ranges from lending, borrowing, insurance to derivatives. Who would have thought that computer programs could become the best asset gatherers in the finance industry? Here are some amazing numbers: The funds that have flooded into DeFi have grown from USD 653m at the start of 2020 to USD 245bn at the end of 2021. That’s a 375-fold increase in 2 years. Are banks going to be taken over by computers? Is this a scam on a global scale? Aren’t banks fighting back?
To find out more, listen to our latest episode of Beyond Markets: “Decentralised Finance - 100 times and beyond”, with Kelly Chia, Deputy Head Research Asia at Julius Baer and Andy Meehan, Chief Compliance Officer APAC at Gemini.
What’s in store for investors in 2022 and where should they focus their attention? Our experts believe that we will see the economy “getting back in shape” this year and regarding inflation, they see it slowing down but not falling to pre-crisis levels. Equities remain our asset class of choice but the tide will not lift all boats anymore – selective exposure to the dominant themes in 2022 will make the difference and stock selection will be crucial.
To find out more, listen to our latest episode of the Beyond Markets podcast: ‘Market Outlook 2022 – Getting back in shape’, where our Head of Research, Christian Gattiker, and our Head of Research Asia, Mark Matthews, discuss the current environment and what investment opportunities lie ahead with Helen Freer, Investment Writer at Julius Baer.
The year 2021 has been a roller coaster ride for financial markets, with plenty of highs but also some lows. As we say goodbye to 2021, now is a good time to reflect on what this year has brought us and what we have learned from it. We bring you a special year-end podcast episode with Richard Tang, Head of Research Hong Kong, and Pat Chau, Head of Investment Advisory (HK) - Greater China, in which they discuss the opportunities, challenges, and surprises that investors faced in 2021, as well as provide a sneak peek into what 2022 holds. Listen to the Beyond Markets episode "2021 Year-End Review" to know more.
As with all earnings seasons, the Q3 season has been a very interesting one. In this episode our experts Cheng Hin Saw, Head Equity Specialists Asia and Philipp Kraemer, Equity Specialist in Zurich share their insights and key-takeaways.
Find out more as our experts share their insights and learnings from this earnings season. Not only will they discuss how companies have dealt with global supply chain shortages and inflation worries, they will also share interesting facts about this earnings season. Moreover, our two Equity Specialists elaborate on how they are seeing the remainder of the year and where they still see most value to invest.
While other asset classes have risen rapidly this year, there has been less talk about gold recently. Compared to 2020, when we saw a breathtaking record-run, 2021 has been much calmer. Gold prices have moved gradually lower. Why have investors been staying on the sidelines?
The virus has had much less impact on gold this year, and it seems like precious metal markets have started to live with it. Nevertheless, 2021 came with quite a few surprises for investors, most notably inflation. Is this now the big thing for gold investors? What if the US Federal Reserve tightened monetary policy? Are gold investors silently moving over into crypto currencies? And what is the forecast for gold and silver going into the new year? Learn more in this episode with Carsten Menke, Head of Next Generation Research and Chris Irwin, Precious Metals Trader at Julius Baer.
Bond markets have been volatile recently, in fact the whole year has been a wild rollercoaster ride for fixed income investors. Uncertainty in the market is at rather elevated levels with inflation threatening to remain high and the markets watching out for a policy mistake by the most important central bank, the US Federal Reserve. So, what’s in store for fixed income investors over the coming months and which segments of the market may perform best?
To find out more, listen to our latest episode of the Beyond Markets podcast: ‘Fixed income yoga’, where our experts Markus Allenspach, Head of Fixed Income Research, and Dario Messi, Fixed Income Research Analyst, share their views about the wild swings we have seen in fixed income markets with Helen Freer, Investment Writer at Julius Baer.
After the Federal Reserve’s (Fed) meeting last week, Chairman Jerome Powell explained that they would start to reduce the pace of asset purchases, a process called tapering. Can the markets withstand this reduction in liquidity? Find out more in this episode.
Since Covid hit the United States in March last year, the Fed had been purchasing USD 120 billion a month in securities. It plans to reduce these purchases by USD 15 billion each month starting from this December. Powell noted that the asset purchases had been a critical tool supporting the economy and the markets. However it was time to taper since the economy had reached major goals. With these actions, monetary policy is expected to continue to provide strong support to the economic recovery.
Our experts Mark Matthews, Head of Research Asia and David Kohl, Chief Economist at Julius Baer Germany share their view about quantitative easing and the Fed’s tapering plans, and explain what it means for markets.
Covid-19 has disrupted education on an unprecedented scale and challenged policymakers, governments, schools, and families profoundly. Has education turned into a luxury? Does education still give children a chance to break the cycle of poverty? How can basic education be guaranteed during the health crisis? Why are highly-priced Anglo-Saxon universities still sought after? What should investors take note of when investing in the education sector? Dr Damien Ng, Executive Director and Research Analyst for Julius Baer's Next Generation Research department, answers these questions and more in this episode, hosted by Sharon-Anne Wilcox from Content Management at Julius Baer in Zurich.
After a year of extreme weather events and the sobering report from the Intergovernmental Panel on Climate Change (IPCC), all eyes are on the upcoming UN Climate Change Conference, COP26. The need for urgent climate action has never been more critical and time is running out faster than anticipated. The potential cost of inaction could be 3% of GDP lost each year by the end of this decade and will significantly impact future corporate earnings. This is the last decade for the world to transition to net zero emissions. Expectations are high for COP26, where nations will update their emissions reduction pledges for the first time since the Paris Agreement in 2015.
What should we expect from COP26? What can governments, companies and investors do to accelerate the transition to net zero? Which are the most promising green technologies in the near term? Tune in to hear from Jens Peers, CEO & CIO of Mirova US, in conversation with Cheryl Tan, Head of Fund Specialists Singapore at Julius Baer.
The panic caused by the Covid-19 pandemic sent the Indian stock market into a tailspin in March 2020, but it also sowed the seeds of the next bull market. With Indian indices reaching new highs, investors are likely to have a lot of questions. What are the driving factors for this market? How long will the current bull market last? What is long-term outlook for India? Which sectors look promising? To find out, listen to our experts Rupen Rajguru, Head of Equity Investment and Strategy at Julius Baer India and Mark Matthews, Head of Research Asia.
China prohibits foreign investments in certain industries. Variable Interest Entity (VIE) is a popular business structure that Chinese corporates use to accommodate foreign capital in those restricted industries. Chinese regulators have recently vowed to tighten regulations on American Depositary Receipt (ADR) listings, most of which are in VIE structures. At the same time, US regulators are likely to delist Chinese ADRs after three years of non-compliance with the accounting standards set by the PCAOB, unless China and US reach a resolution before the deadline.
What are the various risks of VIE structures and Chinese ADRs? What are our recommendations for investors? Find out more in this episode with Mark Matthews, Head of Research Asia and Richard Tang, Head of Research Hong Kong and China Strategist.
Germany’s Social Democrats narrowly won Sunday’s national election by 25.7% of the vote, ahead of 24.1% for Merkel’s CDU/CSU conservative bloc. With neither major bloc commanding a majority, and both reluctant to repeat their awkward “grand coalition” of the past four years, the most likely outcome is a three-way alliance led by either the Social Democrats or Merkel’s conservatives.
What coalition will form the next government? Can the new government deliver on the most important topic in the election – climate change? Who will be the next Chancellor? What do the election results mean for the EU?
Find out more in this episode with David Kohl, Chief Economist, Julius Baer Germany and Nam Park, Head of Strategy and Business Operations at Julius Baer Singapore.
In this episode our experts talk about the sector that’s been getting investors all excited but keeping policy makers awake at night – Asian property.
Asian property markets have remained buoyant through the Covid pandemic and recovery, defying predictions of a collapse in capital values and rents. Why has the market defied expectations and gravity? Where are the cities to expect fundamental growth to continue carrying the market to new highs, beyond this initial recovery? At this stage of the cycle, what are the risks investors should be aware of? Is it too late for property investors to get in now?
With the rise of hybrid work arrangements and the growing use of technology in facilitating meetings what is the future of offices? Retail is another old economy real estate sector that has been grappling with structural challenges even before Covid, where is the sector heading? When will hotel and serviced residence players emerge from the pandemic, and what are some interesting trends to observe in the market? What about logistics? These are some of the hot topics, which our experts Jen-Ai Chua, financials and real estate analyst in the Julius Baer equities research team and Christine Li, Asia Pacific Head of Research at Knight Frank discuss in this episode. Listen now to find out more.
After a flash recession followed by a strong rebound investors may wonder what is next. Our CIO Asia Bhaskar Laxminarayan and Head of Research Asia, Mark Matthews, believe that a mid-cycle slowdown is next but it should offer plenty of opportunities. How should investors be positioned? Will inflation stay? What are the structural trends that go beyond the ups and downs of the economy? Hear from Julius Baer’s leading experts as they discuss what the last quarter of 2021 has in store and explore the investment opportunities that lie ahead.
In this episode our expert speakers address the question that has been on everybody’s mind: When and how will the pandemic end? What are the different strategies governments around the world have adopted when tackling the virus, and which strategy is the most promising? They discuss the risks and benefits associated with mRNA vaccines and whether they will be effective against the Covid variants, when herd immunity might be reached and when and if we will go back to pre-Covid days. What will the new normal in travel look like? And which are the areas within healthcare that are to benefit the most from the expected trends related to the Covid situation, and which subsectors should investors pay attention to? Find out now in this episode with Julius Baer’s Yaw Shin Wong, Equity Specialist Asia and guest speaker Conor McCarthy, Managing Director and Portfolio Advisor at Wellington Management.
On the occasion of Singapore’s four-step reopening plan with the end goal being a Covid-19-resilient nation, we have dedicated a mini-series to Singapore’s future after the pandemic. In three episodes our experts and guest speakers explore the reopening plan’s implications from different angles as Singapore embarks on this journey.
In the last episode of our mini-series about Singapore’s future after the pandemic, Kelly Chia, Deputy Head Research Asia talks to Ethan Hsu, Senior Director and Head Retail at Knight Frank. In June, retail sales in Singapore were up 26% from the previous year. But they are still almost a quarter below pre-Covid levels. That said, with the pandemic contained locally and access to vaccination secured, brighter prospects are expected. With Singapore opening its borders gradually, we should soon see tourists return to the city state which could give the industry’s recovery a further boost. The closed borders have also led to the foreign talent pool shrinking. How will service standards keep up in an ever more competitive landscape? On the other hand, the Covid-19 pandemic has accelerated digital transformation. Online retail sales have increased significantly. While it seems that e-commerce is here to stay, how will physical retail concepts adapt to this mega trend? What advice should we give someone who wants to start a retail business? What new concepts for shopping malls could help them stay competitive? Learn all this and more by listening to this episode.
As Singapore has embarked on the first stage of a four-step reopening with the end goal being a Covid-resilient nation and a “new normal” for the island state, we are publishing a special mini-series on Singapore’s future after the pandemic. With more than 8.7 million vaccination shots administered and 80% of its population fully vaccinated, Singapore is now the most vaccinated nation in the world. The government has outlined a controlled four-step reopening plan, which entails easing travel restrictions, changes in healthcare protocols, increased size limits for events among other and greater rostered routine testing to facilitate further economic reopening. As a nation, Singapore will also move to treating the virus as endemic rather than pandemic, meaning learning to live with the virus, and entering a new normal. This mini-series explores the implications from different perspectives as Singapore embarks on this journey.
In the second episode of our mini-series about Singapore’s future after the pandemic, Jen-Ai Chua, equity analyst Asia talks to Loh Lik Peng, founder and CEO of Unlisted Collection, an umbrella brand with a portfolio of unique boutique hotels and restaurants. As Singapore is reopening and easing travel restrictions no sector is watching with greater anticipation than the hospitality sector, which has borne the brunt of border closures. Our experts will look back at the past 1.5 years and discuss how Covid has changed the way that hospitality players see their business and how priorities have been re-ordered since the pandemic started. They also look ahead and explore what the future holds for the hospitality sector in a short-term and long-term view. What are some of the more unique opportunities enjoyed by Singapore’s hospitality sector compared to other countries, and what are its more unique challenges? Find out more and listen now.
As Singapore has embarked on the first stage of a four-step reopening with the end goal being a Covid-resilient nation and a “new normal” for the island state, we are publishing a special mini-series on Singapore’s future after the pandemic. With currently more than 8.5 million vaccination shots administered and 73% of its population fully vaccinated, Singapore is the 3rd most vaccinated nation behind Malta and UAE. Also, the number of Covid cases has dropped significantly from over 200 in the last few months to less than 50. The government has therefore outlined a controlled four-step reopening plan, which entails easing travel restrictions, changes in healthcare protocols, increased size limits for events among other and greater rostered routine testing to facilitate further economic reopening. As a nation, Singapore will also move to treating the virus as endemic rather than pandemic, meaning learning to live with the virus, and entering a new normal. This mini-series explores the implications from different perspectives as Singapore embarks on this journey.
In Episode 1 of our mini-series Jen-Ai Chua, Research Equity Analyst Asia, and Pearlyn Wong, Head of Investment Promotion & Solutions Asia discuss the various implications of Singapore’s reopening approach. They analyse what it means for Singapore’s economy and which sectors stand to benefit the most from the re-opening measures, and explore potential pitfalls that investors should be aware of. In their economic outlook they also share how investors should position themselves for the next six to twelve months. Finally, our experts explain why the pandemic has brought ESG issues to the top of the policy agenda for many countries including Singapore. To find out more, listen to this special episode now.
In this episode, our Julius Baer experts take a closer look at the two regions Latin America (LatAm) and China. Should Latin America or China, or perhaps both regions, be part of a long-term allocation in your portfolio?
Find out more about what our experts Esteban Polidura, Head of Americas Advisory & Products, Richard Tang, Head of Research Hong Kong and Cheng Hin Saw, Head of Equities Specialists Asia think.
Our Julius Baer experts kick-off their discussion with an economic outlook for the two regions, explain why inflation is a topic of concern, especially for Latin America, and discuss the various reasons why the two regions are more linked than one would think. Why are both the US and China battling for influence in Latin America is another important question that will be answered. They explore investment opportunities in both regions and shed light on the political landscape in Latin America as the region finds itself at a very important juncture. For China on the other hand regulation for internet companies has made big headlines recently and our experts explain whether they expect the impact to be long lasting. Listen now and find out more.
[01:44] Economic Outlook for LatAm and China
[04.53] Inflation concerns
[09:48] Where are the investment opportunities in both regions?
[16:20] Political landscape in LatAm
[20:21] Regulatory tightening in China
Investor confidence has been shaken by a regulatory onslaught in China across multiple sectors such as big tech, education, food delivery and property. How should we read recent policy moves? What does this mean for investment portfolios? In this episode, Mark Matthews, Head of Research Asia Pacific and Richard Tang, Head of Research Hong Kong exchange views on recent market developments in the world’s second largest economy. Listen now to find out more.
In this special Pride Edition episode, Pearlyn Wong, Head of Investment Promotion & Solutions Asia, Dame Inga Beale, former CEO of Lloyd’s of London and women and LGBTQ+ champion, and Dr. Damien Ng, Research Analyst at Julius Baer have an open and thoughtful discussion about Diversity and Inclusion. Why does D&I matter more than ever today? Do D&I investments lead to higher financial and shareholder returns? Is it measurable? Why is leadership so critical to success? Listen now to find out.
In this final episode Rajesh Manwani, Head of Markets and Wealth Management Solutions APAC, Daniel Liebau, founder of Lightbulb Capital, and Alex Ruchti, Research Analyst at Julius Baer touch upon digital asset regulation, so called central bank digital currencies (CBDC) and the important trend of decentralised finance or DeFi. Are regulators really behind-the-curve in the adoption of cryptocurrencies? Should we worry about privacy when central banks issue their own digital money? And is finance about to be disrupted by smart contracts? Find out more in this last episode of our podcast series on blockchain and cryptocurrencies.
In this second episode of our cryptocurrency podcast mini-series Rajesh Manwani, Head of Markets and Wealth Management Solutions APAC, Daniel Liebau, Founder of Lightbulb Capital, and Alex Ruchti, Research Analyst at Julius Baer discuss blockchain technology basics and elaborate on the blockchain trilemma – a useful tool to analyse blockchain-based platforms. They also dive deeper into the cryptocurrency ecosystem and converse about stable coins, bitcoin’s portfolio diversification benefits and decentralized smart contract platforms - the operating systems of future commerce.
The dizzying swings in prices of bitcoin and other cryptocurrencies have captured our imagination. How much do we really understand about the Crypto-world? In this episode, our Head of Markets and Wealth Management Solutions APAC, Rajesh Manwani and Founder of Lightbulb Capital, Daniel Liebau distill the complex and controversial topics of Blockchain and Cryptocurrencies. How did the Crypto-craze come about? How does Blockchain actually work? What is the innovation in Bitcoin? Listen now to find out.
We cannot deny that inflation is already present, the bigger question however is will it stay with us? In this episode our Chief Economist David Kohl and Head of Research Asia Mark Matthews talk about inflation. What can we learn from history? What can we expect going forward? And how does inflation impact the markets? Listen now to find out.
As we are about to enter the second half of the year, Mark Matthews, Head of Research Asia and Bhaskar Laxminarayan, Chief Investment Officer and Head of Investment Management in Asia discuss Julius Baer’s mid-year outlook in this episode. With the vaccination roll-out continuing across the world, there is finally light at the end of the tunnel. However, resurging Covid-19 cases or vaccination concerns sometimes return and cast an unwelcome shadow over the optimism. In light of these developments, what can we expect in the coming months? And where are the bright spots for investors? Hear from Julius Baer’s leading experts as they discuss what the second half of 2021 has in store and explore the investment opportunities that lie ahead.
Chris Irwin, precious metals trader in Singapore and Norbert Ruecker, Head of Economics and Next Generation Research based in Zurich talk about Platinum Group Metals (PGM) from a market perspective in this episode. They also explore the impact of battery electric technologies (used in Electric Cars) on platinum demand and prices. Why does platinum stick out from PGMs? Is platinum really more valuable than gold? How have platinum prices performed in recent years and where are they heading? Listen now to find out more.
The Covid-19 pandemic has been a watershed moment for tourism, as the whole world remained confined to their homes. Although the crisis is far from over, vaccination drives have given people renewed hope. You too are probably wondering: “Will I be able to travel again soon?”
Travel emotions are shifting from fear to optimism, but uncertainties remain. What will it be like to travel under this new normalcy of social distancing? Will vaccine passports be mandatory? Can vaccinations revitalise industries like hospitality, aviation, cruise lines, tour operators, amongst others?
Explore these possibilities and more with Kelly Chia, Deputy Head Research Asia, and Michael Cawley, former Chief Operating Officer of RyanAir, in this episode on tourism after Covid-19.
Over the last few years, the value of ESG as a key theme for investors has skyrocketed, and this trend is only expected to continue. Although there has been a lot of talk about ESG, many investors are still not fully aware and have a lot of questions. Is it really possible to create a sustainable impact with capital? How can ESG be integrated into investment portfolios? Do ESG focused companies perform better than the others? What are the challenges related to ESG investing? Find out in this Earth Day special episode with Cheryl Anne Tan, Head of Fund Specialists Singapore at Julius Baer and Norbert Rücker, Head of Economics & Next Generation Research and Member of Julius Baer’s Responsible Investment Committee.
Following a challenging year marked by the pandemic, India’s economy is expected to rebound in 2021, reclaiming its position as the world’s fastest growing major economy. Is the worst of India’s economic woes truly over or will there be roadblocks ahead? Find out in this episode with our experts Unmesh Kulkarni, Head – Markets, Investment & Wealth Management Solutions India and Mark Matthews, Head of Research Asia.
In this International Women’s Day special episode our Singapore based Research Analyst Jen-Ai Chua and Head of Investment Promotion & Solutions Asia Pearlyn Wong focus on the rising need for women’s wealth planning. Women hold now an average of 40% of global wealth, nevertheless they are underrepresented in the world of investing. Our experts discuss the reasons why this may be, why women make better investors and the importance of financial education for women.
Our FX Specialist Sabrina Choy and Deputy Head of Research Asia Pacific Kelly Chia discuss their US dollar forecast and explain major factors that may have an impact on the greenback in 2021 in this episode.
It was a week of turbulence in silver markets. Does this signal longer term volatility for the grey metal or is this merely a short term event? Find out more in this episode with Chris Irwin, Precious Metal Trader and Pearlyn Wong, Head of Investment Publishing Asia at Julius Baer.
2020 was probably the most exciting year ever in the gold market for Chris Irwin, Precious Metal Trader and Carsten Menke, Head of Next Generation Research at Julius Baer. They explain why in this episode while also looking at what’s in store for the yellow metal in 2021 and beyond.
In the first part of our Market Outlook for 2021 Mark Matthews, Head of Research APAC and Cheng Hin Saw, Head of Equities Specialists Asia focus on Equities.
In this special year-end episode Bhaskar Laxminarayan, CIO Asia Pacific, and Mark Matthews, Head of Research Asia Pacific review the year 2020 and discuss what they think 2021 has in store for the world economy and markets.
In this episode, our Head of Research APAC Mark Matthews and our Head of Research Hong Kong Richard Tang discuss how the Chinese market has changed over the years, what the current and future trends are and what investors should look out for. For important legal information please refer to www.juliusbaer.com/legal/podcasts.