Insights | Ostrum Asset Management

Reading time : 15 min.

INSIGHTS MARKETS

Ostrum Perspectives June 2024

Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum’s views on the economy, strategy and markets.

06/19/2024

Reserved for pros

Reading time : 5 min.

INSIGHTS MARKETS

Will cash remain King?

The ECB has started its rate cut cycle, but we do not expect rapid adjustments in the coming months. Yields should therefore remain attractive in the money market, which also offers low volatility and interest rate risk. Money market assets should therefore remain an important component of investors' asset allocation.To find out more about this interesting context, Fairouz Yahiaoui, Money market Portfolio Manager and Sanda Molotcov, Head of Credit Research at Ostrum AM share their views in this video.

06/07/2024

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

2024 Special elections – Mexico

05/29/2024

Reading time : 15 min.

INSIGHTS MARKETS

2024 Special elections – South Africa

05/27/2024

Reading time : 15 min.

INSIGHTS MARKETS

Ostrum Perspectives May 2024

Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum’s views on the economy, strategy and markets.

05/17/2024

Reserved for pros

Reading time : 5 min.

INSIGHTS MARKETS

All back to bonds?

While 2023 arguably marked the comeback of bonds, there’s no guarantee this trend will continue in 2024. And as the latest Natixis research points out, uncertainties over growth prospects and inflation levels, and hence over the timing and scale of central bank rate cuts in 2024, are prompting bond investors to exercise caution.

05/10/2024

Reserved for pros

Reading time : 5 min.

INSIGHTS MARKETS

Rate volatility: structurally higher

The high level of rate volatility raises two key questions. Firstly, volatility normalised gradually as rate policy took over from quantitative easing. Over a long period, the central banks’ grip on bond markets through asset purchase programmes suspended the usual market mechanism determining asset prices.

05/02/2024

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

The covered bond asset class: an attractive investment compared to other high-quality liquid assets

Covered bonds are an essential financing instrument for banks in the euro area. ECB monetary tightening affects the covered bond market directly with the unwinding of CBPP3 holdings and indirectly with the TLTRO repayment (freeing covered bond collateral). Mortgage loans are the main collateral for covered bonds. Housing has been hit by higher rates so that bank lending to households for house purchase shrunk. Covered bond supply should slow reflecting declining lending flows. Covered bond spreads tend to compare favorably to other similarly low-risk asset classes.

04/26/2024

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

Diversification, the Blind Spot of Equity Markets

In 2023, equity markets experienced a significant shift with the outperformance of Growth and Cyclical segments, driven by factors such as resilient economic activity, decreasing inflation, and expanded valuation multiples due to the surge in sentiment around generative AI.

04/17/2024

Reading time : 15 min.

INSIGHTS MARKETS

2024 Special elections – India

04/16/2024

Reading time : 15 min.

INSIGHTS MARKETS

Ostrum Perspectives April 2024

04/16/2024

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

Turkey – focus on elections

Since Mr. Simsek’s appointment as Finance Minister in June 2023, Turkey has returned to orthodoxy policy, initiating a rebalancing of its economy. The sentiment towards the country has significantly improved. Fitch has upgraded Turkey’s rating by a notch to “B+” with a positive outlook. The upcoming municipal elections on March 31 will be decisive for Erdogan’s political future and for Turkey’s economic prospects.

03/26/2024