Shows
OuterblueCapital Market Assumptions 2025 - Seeking potential in a pivoting world - Outerblue Talks ResearchAgainst a backdrop of extraordinary global uncertainty, Amundi's 2025 capital market assumptions report explores the game changers that are shaping investment decisions and asset class return expectations. Join Giulio Lombardo as he speaks to Monica Defend, Head of the Amundi Investment Institute, and John O’Toole, Head of Multi-Asset Investment Solutions, to discover this year's main findings and what's changed since last year. Identifying three major themes for this year, Amundi's 2025 capital market assumptions takes a closer look at new socio-economic scenarios with their higher geopolitical fragmentation and tariffs, it explores the impact of a de...2025-05-0921 min
Im GesprächIm Gespräch: FinanzwissenWarum ist Finanzwissen so wichtig? Welche Ziele können mit Investments erreicht werden? Und wie sieht das Angebot in Sachen Finanzwissen und Finanzbildung bei Amundi aus? "Im Gespräch" erklären Andreas Hasler und Andreas Nurscher (beide Amundi Austria), warum Finanzbildung so wesentlich ist. Muss man sich vor Finanzbegriffen und den Finanzmärkten fürchten? Wie viel Zeit braucht man, um sich zu informieren und welche Rolle kann das interaktive Amundi Investment ABC bei der Finanzbildung spielen? Jetzt hören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2025-04-0312 min
Im GesprächIm Gespräch: WeltfondstagIm April steht der Weltfondstag im Kalender. Was ist das für ein Tag? Andreas Nurscher von Amundi Austria erklärt im Podcast warum am 19. April Weltfondstag ist und spricht mit Angelika Varga (Amundi Austria) über Fonds allgemein. Was macht die Charakteristik und den Charme eines Fonds aus? Was ist zum Thema Risiko zu sagen? Jetzt hören!Hosted by Ausha. See ausha.co/privacy-policy for more information.2025-03-1915 min
OuterblueOuterblue Talks Research - US fixed income - Early pain, later gain?Less than 2 months back in the White House, US president Donald Trump has packed in a great deal; Shifts in policy, tariffs, federal employment, not to mention a huge change in approach to foreign policy. This month, Swaha Pattanaik sits down with Jonathan Duensing, Head of Fixed Income at Amundi US, and Mahmood Pradhan, Head of Global Macro with the Amundi Investment Institute, to try to guide us through the present uncertainty in the markets. They examine how these different issues have been affecting the US economy as a w...2025-03-1129 min
OuterblueOuterblue Responsible Investment - Driving Action on Nature-Related Risks through Shareholder EngagementIn the third episode of our five-part series on Shareholder Stewardship, Molly Minton and Julien Foll, both Senior Analysts and Co-leads on Nature at Amundi, engage in a dynamic conversation on shareholder engagement on biodiversity - linking nature-related engagements to the financial considerations of responsible investment. More than half of the world’s GDP depends on natural resources and pressures on biodiversity and ecosystems present acute risks for investors and society at large. This episode will explore how Amundi uses the framework of the planetary boundaries as a tool to ide...2025-03-0629 min
OuterblueOuterblue Responsible Investment - Driving Climate Action through Shareholder EngagementIn the second episode of our five-part series on Shareholder Stewardship, Aaron McDougall, Head of Climate & Ciaran Callaghan, Head of European Equity Research engage in a dynamic conversation on shareholder engagement on climate - linking climate engagements to responsible investors financial considerations. They also discuss Amundi’s commitment to playing its part in achieving the objectives of the Paris Agreement, by helping clients willing to take climate risks and opportunities into account within their investments. They emphasize how Amundi engages with issuers to together achieve a pragmatic tra...2025-02-0622 min
Im GesprächIm Gespräch: Biodiversität im PortfolioWas ist Biodiversität und wie wird Biodiversität beim Investieren berücksichtigt? Angelika Grainer, ESG-Koordinatorin bei Amundi Austria und Amundi-Portfoliomanager David Wilke "im Gespräch" über die Bedeutung der Biodiversität für Mensch, Wirtschaft und Investmententscheidungen. Warum ist der Verlust von Biodiversität ein Risiko? Warum ist Wasser so wertvoll und wie finden diese Themen Einzug ins Fondsmanagement? Jetzt hören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2025-01-2116 min
OuterblueOuterblue Talks Research – Looking for clues ahead of a second Trump presidencyAfter a campaign full of twists and turns, November saw the re-election of Donald Trump for a second term as US president. In this edition, we take a look at the geopolitical and economic ramifications of a new Trump presidency. Swaha Pattanaik sat down at the end of November with Anna Rosenberg, Head of Geopolitics at the Amundi Investment Institute and Paresh Upadhyaya, Director of Fixed Income and Currency Strategies, Amundi US, to discuss what lies ahead for the USA and the rest of the world. Beyond the attention grabbing threats of tariffs, what are th...2024-12-1022 min
Im GesprächIm Gespräch: Investmentfonds im DetailIn dieser Folge des Amundi Austria Podcast dreht sich alles rund um die "Fachvokabel" bei Investmentfonds. Bernhard Greifeneder, CIO Amundi Austria, spricht etwa über Fondsvolumen und Fondsanteile. Er erklärt, wozu Investoren ein Verrechnungskonto und ein Depot brauchen und warum Investmentfonds "Sondervermögen" sind. Gleich hören!Hosted by Ausha. See ausha.co/privacy-policy for more information.2024-10-0115 min
OuterblueOuterblue Convictions – Global Investment Views – Back to realityThis August financial markets went on a rollercoaster ride. Stock markets started the month with huge declines and soaring volatility, before recovering towards month end. What lessons should investors take away from this summer’s events, as the market jitters continue into September?Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch us up on recent events and discuss what might be in store in the jam-packed end to year. They take a closer look at some of the factors driving markets as the importance of fundamentals is back in focus. Fin...2024-09-1715 min
Im GesprächIm Gespräch: Die Amundi Ethik Fonds FamilieDrei Mitglieder des Managementteams der Amundi Ethik Fonds Familie "Im Gespräch": Martin Bohn, Thomas Kellner und David Wilke sprechen über den Auswahl-Prozess von Aktien und Anleihen für die Fonds der Amundi Ethik Fonds Produktfamilie. Die Amundi Ethik Fonds sind eine Reihe von gemischten Fonds, die nach nachhaltigen Kriterien gemanagt werden. Was bedeutet "Best in Class"? Wofür steht ESG? Und wie kommen die Fonds zum Österreichischen Umweltzeichen? Gleich hören!Hosted by Ausha. See ausha.co/privacy-policy for more information.2024-07-1724 min
Im GesprächIm Gespräch: ESG & FondsmanagementESG & Fondsmanagement. In dieser Ausgabe des Amundi Austria Podcast sprechen Bernhard Greifeneder, CIO Amundi Austria, und Amélie Derambure, Head of Multi Asset Sustainable Balanced, über das Fondsmanagement der Amundi Ethik Fonds Familie. Wie werden die Fonds gemanagt? Wie fallen Investmententscheidungen? Und wie sehen die beiden die Zukunft von ESG-Investitionen? Jetzt hören!Hosted by Ausha. See ausha.co/privacy-policy for more information.2024-06-0313 min
Im GesprächIm Gespräch: WeltfondstagIm April steht der Weltfondstag im Kalender. Was ist das für ein Tag? Stefan Schulmeister, Deputy Head Marketing & Products bei Amundi Austria erklärt in dieser Podcast-Ausgabe warum am 19. April Weltfondstag ist und spricht mit Angelika Varga (Amundi Austria) über Fonds allgemein. Was macht die Charakteristik und den Charme eines Fonds aus? Was ist zum Thema Risiko zu sagen? Jetzt hören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2024-04-1213 min
Im GesprächIm Gespräch: Was bedeutet Buy and Watch?Was bedeutet Buy and Watch? Also "kaufen" und "beobachten"? Stefan Schulmeister, Deputy Head Marketing & Products bei Amundi Austria, erklärt im Gespräch mit Angelika Varga (Amundi) das Konzept der Buy & Watch Anleihenfonds von Amundi. Schulmeister erklärt Anleihen allgemein, spricht über die aktuelle Zinssituation und warum Anleihenfonds wieder an Attraktivität gewonnen haben. Jetzt hören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2024-03-2113 min
OuterblueOuterblue Convictions - Global Investment Views: Market debate rages onThe last month has, to a large extent, seen a reversal in investors’ expectations for central bank actions. This has been the hot topic for financial markets over the past few weeks as these expectations filter down into financial data and continue to drive asset prices. However signs of a slowdown are appearing. What factors will be most important to judge market direction going forward? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss the state of play and whether the current market sentiment has changed Amundi’s own views. They talk about what’s...2024-03-0112 min
OuterblueOuterblue Responsible Investment: Exploring perceptions of equal opportunities with Romina Boarini, Director of the OECD WISE CentrePromoting social mobility and equality of opportunity remains a pressing concern for many countries, challenging the very fabric of our society. Hence, understanding the perceptions and representations of equal opportunities is essential to catalyse collective action and support corrective measures. A survey conducted by the OECD with the support of Amundi across 27 OECD countries delves into the perceptions and attitudes surrounding inequality and explores what truly matters for the population in the fight for equal opportunities. In this podcast, Romina Boarini, Director of the OECD WISE Centre, re...2024-02-0508 min
OuterblueOuterblue Convictions - Global Investment Views - Central banks still centre stageWe may only be a few weeks into 2024, but the markets have been anything but quiet. After a rocky period at the end of the year, bonds and equities eventually returned to positive territory in January, with the notable exception of China. Central banks remain centre stage, as markets continue to speculate over their next steps. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, talk over the different forecasts for the next few months and why inflation expectations might prevail over growth when it comes to the timing of interest rate cuts. They a...2024-02-0115 min
OuterblueOuterblue Convictions – Steering through turning tides in 2024A special edition of Amundi’s monthly Convictions podcast focusing on the outlook for developed markets in 2024. The theme of renewed global disorder has been a topic of conversation for some years, emerging from a convergence of ideological, economic, political and technological transitions. These transitions spread uncertainty on a global scale and have a knock-on effect on how and when policymakers react. 2024 will be a year of transition, of turning tides, in growth, inflation and monetary policy.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, take a closer look at Amundi’s outloo...2023-11-2214 min
OuterblueOuterblue Talks Research – What awaits emerging markets in 2024?This emerging markets outlook special edition looks ahead to 2024. While a slowdown is expected in developed markets, emerging markets (EM) are likely to prove more resilient next year with the growth premium over developed markets continuing to widen.
Swaha Pattanaik speaks to Vincent Mortier, Amundi’s Group Chief Investment Officer and Yerlan Syzdykov, Global Head of Emerging Markets at Amundi to find out what’s in store and why 2024 is expected to be a year of two halves for emerging markets. They discuss what the forecasts might mean for EM equities, hard and local curre...2023-11-2026 min
OuterblueOuterblue Convictions – Global Investment Views: Look out for growth, but with an eye on inflationAgainst the backdrop of recent escalation of tensions in the Middle East, Swaha Pattanaik and Monica Defend, Head of the Amundi Investment Institute, sat down earlier this week to discuss the big themes that are dominating markets. In addition to the ongoing geopolitical risks, they spoke in depth about recession concerns as well as how much they expect the U.S. and European economies to slow. This month’s podcast finishes with a look at the outlook for fixed income and equities and some of the challenges for which investors need to watch out.
...2023-10-2611 min
Im GesprächIm Gespräch: Was sind Income Fonds?Was sind Income Fonds? Wie sehen Fondslösungen aus, die regelmäßige Ausschüttungen anstreben, um ein zusätzliches Einkommen zu generieren? Wie verdient ein Income Fonds sein Geld, und warum müssen Investoren ihre Risikoneigung kennen? Diese Fragen beantwortet Bernhard Greifeneder, CIO von Amundi Austria "Im Gespräch" mit Angelika Varga (Amundi). Gleich hören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2023-10-2416 min
OuterblueOuterblue Talks Research – Beyond crypto; Understanding central bank digital currenciesPayment habits have evolved dramatically over the last few decades. The use of cash has been shrinking for some time, but this phenomenon was rapidly accelerated by the Covid crisis. In parallel, technological advances have seen the use of digital currencies become more popular amongst consumers and cryptocurrencies such as Bitcoin become household names. In response to this dramatic rise in the use of decentralised money, many central banks have been exploring the launch of their own central bank digital currencies (CBDC).
Join Swaha Pattanaik and Tristan Perrier, Macroeconomist & Investment Insights Specialist with the Amundi Investment Institute...2023-10-0624 min
OuterblueOuterblue Convictions – Global Investment Views: Inflation stabilises, but policy dilemma continuesAutumn made a hasty arrival to Europe in mid-September and it was accompanied by a multitude of monetary policy meetings. The current tightening cycle has seen plenty of interest rate hikes. But this new round of meetings show how central banks appear undecided on their next steps in light of the mixed signals coming from their economies. What will this cautious stance from central banks mean for the world’s economies?
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down earlier this week to discuss the expectations for growth in major eco...2023-09-2714 min
OuterblueOuterblue Convictions – Global Investment Views: Divergences persist as we head into autumnFor many, September has a back to school feel about it after a long break and is often the chance for a bit of a refresh. This summer, markets certainly weren’t on holiday, as August saw corrections and volatility, whilst there was also further softening in economic data, particularly in Europe and China.
Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss the key economic developments that emerged over the summer and the outlook for the next few months. How will policymakers react as they continue to balance fighting inf...2023-09-1314 min
OuterblueOuterblue Talks Research – Parallels with the 70s. The long and winding road continuesWhilst fashion trends regularly make come-backs, revivals in economic trends are a lot less frequent. The double-digit inflation rates seen over the past two years have left many wondering whether other hallmarks of the 1970s are also due for a return and what can be learnt from previous missteps as we transition to a new economic model.
Swaha Pattanaik speaks to Tristan Perrier, Macroeconomist & Investment Insights Specialist with the Amundi Institute, as he reflects on some of the similarities and the differences between the two periods and examines some of the risks faced as p...2023-08-1025 min
OuterblueOuterblue Convictions – Global Investment Views: Receding inflation doesn’t mean the battle is won yetAfter months of rising rates, there could be good news for central banks as we start to see signs that inflation is finally cooling down.
Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss the main trends impacting global monetary policy cycle, taking a closer look at the desynchronisation between Developed and Emerging Markets.
Discover the Global Investment Views - August 2023 article: https://research-center.amundi.com/article/global-investment-views-august-2023
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DISCLAIMER: This podcast is only for the attent...2023-07-2412 min
OuterblueOuterblue Talks Research - Geopolitical shifts shaping investmentsGeopolitics has become an ever increasing concern for financial markets over the past few years. Fractures and shifts in alliances are transforming the global economy and trade relationships.
Swaha Pattanaik sits down with Anna Rosenberg, Amundi’s Head of Geopolitics, and Francesco Sandrini, Amundi’s Head of Multi-Asset Strategies to discuss whether we’ve now reached a “new normal” and what some of the implications will be for investment flows both now and in the years ahead. They take a closer look at the pivotal relationship between the world’s two biggest economies, the USA and China, and...2023-07-2018 min
OuterblueOuterblue Convictions – H2 Outlook - Opportunities beyond a precarious path to growthThis month’s episode is a special focus on the macro-economic outlook and investment themes for 2023 and beyond.
Swaha Pattanaik and Monica Defend, Head of Amundi Institute, discuss Amundi’s expectations for growth and inflation for the coming months and what this might mean for central bank monetary policy.
Monica also shares some of the things featuring on her crowded Wall of Worries this month, and talks about some of the areas and asset classes to watch in terms of investment opportunities in the rest of the year. Hosted...2023-06-3011 min
OuterblueOuterblue Talks Research – Emerging renaissance2022 was a year to forget for emerging markets, but so far 2023 has brought more optimism that emerging markets may be making a comeback.
Swaha Pattanaik speaks to Alessia Berardi, Amundi’s Head of Emerging Markets Research, to find out what she expects in terms of growth across the emerging regions and why they generally seem to be in better shape than developed markets this year. They take a closer look at the different asset classes and where investors might find value, as well as some of the risk factors to look out for. They also...2023-05-3020 min
OuterblueOuterblue Convictions – Global Investment Views: All eyes on the debt ceilingWashington remains firmly in the spotlight this month as the US debt ceiling negotiations remain at a deadlock. While a deal is expected sooner or later, what damage will be done in the meantime, especially as the economy in the United States had already been expected to slow?
Swaha Pattanaik speaks to Monica Defend, Head of Amundi Institute, for their regular catch up on the markets and asset allocation trends as they look more closely at the themes driving the markets this month and where investors should be focusing their attention in the weeks to...2023-05-2611 min
OuterblueOuterblue Convictions – Global Investment Views: No time to change courseThe turmoil of March may be behind us, but market signals are conflicted about what comes
next. A disconnect has appeared as bond markets look to price in a recession in the US, whilst on the equity side earnings expectations still appear overly optimistic. Against this back-drop, investors are wise to keep plotting a cautious course.
Swaha Pattanaik caught up with Monica Defend, Head of Amundi Institute, after her return from the IMF Spring Meetings, to find out what the mood in Washington was like and how it compares to Amundi’s own views...2023-04-2519 min
OuterblueOuterblue Convictions - Global Investment Views: Crisis memories return in vulnerable marketsMarkets were shaken out of complacency in March, as the failure of Silicon Valley Bank, wiftly followed by Credit Suisse in Europe, sounded alarm bells and triggered a sudden repricing of core yields as bond volatility reached levels not seen since the Great Financial Crisis.
Prompt reaction from key central banks showed they remember the lessons of past crises, but this time added concerns over growth and inflation make the challenge they face more difficult. How much of the unease over the banking sector is justified and we looking at a repeat of the 2008 global fin...2023-03-2715 min
OuterblueOuterblue Convictions - Global Investment Views: Rally fatigue: dichotomy between markets and economy too wideIt’s still early in 2023, but the markets have been broadly moving higher. What’s been driving the recent rally and how strong are its foundations?
Swaha Pattanaik caught up last week with Monica Defend, Head of Amundi Institute, to take a closer look at the bond and equity markets and the reasons why investors should show caution at this time.
Discover the Global Investment Views - March 2023 article: https://research-center.amundi.com/article/global-investment-views-march-2023
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DISCLAIMER: This podcast is only for the att...2023-02-2211 min
OuterblueOuterblue Talks Research - The Ukraine conflict: one year on. What should investors expect next?One year after Russia’s invasion of Ukraine, the geopolitical, macroeconomic, and market fallouts continue to reverberate around the globe. Whilst these have been most apparent in Europe due to its close ties to Russia, the conflict has had ongoing implications worldwide and has put existing trade-frictions under further pressure.
Swaha Pattanaik talks to Mahmood Pradhan, head of global macroeconomics at the Amundi Institute, to discuss some of the likely developments in the conflict over the short and medium term, how Europe has been reshaped by the crisis and the wider impact on global supply chain...2023-02-1515 min
OuterblueOuterblue Convictions - Global Investment Views: Play market rotations, with a focus on ChinaRisky assets got off to a bumper start at the beginning of 2023, helped by more positive expectations for China following their reopening and hopes that the economic outlook in Europe might prove more resilient than previously thought. But how likely is it that this will last and could this be the start of a new positive cycle?
Swaha Pattanaik talks to Monica Defend, Head of Amundi Institute, to look at some of the big market trends investors should be looking out for over the next few months as they try to shed some light...2023-02-0610 min
OuterblueOuterblue Responsible Investment – The role of investment in protecting Earth’s crucial biodiversityBiodiversity is all around us. It underpins not only our economy but also our very existence. Yet we are only in the early stages of understanding how essential a healthy environment is to a
stable and well-functioning society. While climate change has long been capturing the headlines, the importance of biodiversity is now also coming to the fore, especially as it is recognised that climate change and biodiversity loss are inherently linked.
In this podcast, we examine why biodiversity decline represents not only a threat to our society as a whole, but also a sig...2022-12-2011 min
OuterblueOuterblue Talks Research - 2023 Outlook – Some light for investors after the storm2022 has been a tough year for investors, as both bonds and equities experienced significant repricing as the environment of rising interest rates, persistent inflation pressures and geopolitical conflicts hit investor confidence. For bonds in particular, 2022 was their worst annual performance in a century. All this means that hopes for some respite in the near future are high. In 2023, inflation and Central Bank responses to this will continue to dominate investor agenda, alongside concerns over the energy crisis in Europe, recovery in China and global geopolitical tensions.
Swaha Pattanaik talks Monica Defend, Head of Amundi I...2022-12-1211 min
OuterblueOuterblue Convictions - Global Investment Views: A relief rally, excess optimism overdoneMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
The significant market trends at play are addressed, along with the macro economic outlook post US CPI data publication, China’s growth outlook for 2023 and the earnings’ season results, to conclude with Amundi’s asset allocation.
Discover the Global Investment Views - December 2022 article: https://research-center.amundi.com/article/global-investment-views-december-2022
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DISCLAIMER: This podcast is only for the attention of
“Professional” investors as defined in Di...2022-12-0509 min
Im GesprächIm Gespräch: Was bedeutet "Net Zero"?Was bedeutet "Net Zero"? Wie hängt das mit der Klimakrise zusammen? Und kann der Finanzmarkt die Energiewende unterstützen? Antworten rund um das Thema "Net Zero" ( Netto Null) gibt Amundi Austria Portfoliomanager Michael Srb, in der aktuellen Ausgabe des Amundi Austria Podcasts "Im Gespräch".Hosted by Ausha. See ausha.co/privacy-policy for more information.2022-11-1114 min
OuterblueOuterblue Convictions - Global Investment Views: Fed pivot is not around the cornerMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
Although the peak in US inflation is likely behind us, core inflation remains sticky. Central banks around the world seem determined to keep up the tightening pace, despite the deteriorating economic outlook. As earnings season kicks off, downward revision in the US and Europe suggest that the probability of an economic recession is on the rise. Against a backdrop of high-inflation/low-growth, where should investors turn?
Discover the Global Investment Views - N...2022-10-2707 min
OuterblueOuterblue Talks Research - After the great repricing, is it time to go back to bonds?Inflation levels not seen in more than a generation have triggered this year a repricing of the financial markets, most particularly in the fixed income world. The era of low or negative interest rates has come to an end. Meanwhile, whilst inflation has moved higher, growth rates have slowed and the extent of the Central banks’ commitment to fighting inflation is being questioned. This new market context and uncertainty has caused huge moves in the bond markets so far this year, but signs are now pointing to the beginning of a second stage; a period of stabilisation.
Swa...2022-10-1417 min
OuterblueOuterblue Convictions - Global Investment Views: Bonds yields now more appealingMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
A review of the recent market sell off, the FX market volatility, the winter energy supply and our main asset allocation convictions.
Discover the Global Investment Views - October 2022 article: https://research-center.amundi.com/article/global-investment-views-october-2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any othe...2022-10-1108 min
OuterblueOuterblue Talks Research - Regime shift on the horizon in the global currency marketsFor many years the US dollar has dominated the world’s currency markets, acting as an international reserve currency. At one point it was thought that the euro would come to
challenge the US dollar, but to date no alternative reserve currency has yet proved credible. Now today, against a backdrop of deglobalisation, geopolitical crisis and a new inflationary regime, the dollar’s status as a “safe” asset is being put to the test. The focus has turned to China, a much bigger player than Europe on the global stage. Has the time come for the renminbi to emerge a...2022-09-1415 min
OuterblueOuterblue Convictions - Global Investment Views - Market Views September 2022Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
Our analysis on global recession risks, the inflation trend, expected central banks decisions, and the impact on asset allocation.
Discover the Global Investment View Article - September 2022: https://research-center.amundi.com/article/global-investment-views-september-2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other pr...2022-09-0811 min
OuterblueOuterblue Talks Research - Reforming the EU budget rules – The challenges and alternativesUnder a new economic regime of high inflation and uncertain long-term growth prospects, the EU’s Stability and Growth Pact rules appear increasingly inadequate. Yet getting the EU budget rules right is essential if investors are to keep faith with the single currency. Tristan Perrier, economics insight specialist at the Amundi Institute, discusses the hows and whys around reforming the EU budget rules, some of the problems and fixes, and how a revised set of rules could be beneficial for investors given the likely implications on European growth and risk premia.
Discover the related article here
...2022-08-2218 min
OuterblueOuterblue Convictions - Global Investment Views: Cautious on markets: high inflation, slowing growthMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
Inflation, war and continued COVID lock down in China, the past few month have been a perfect storm which has been weighing heavily on the market.
What are the latest development for Central Banks, the main areas of focus in Europe and the consequences for investment and asset allocation?
Discover the article: "Italy swimming in uncertain waters as PM Draghi resigns "
...2022-08-0508 min
OuterblueOuterblue Talks Research - Amundi H2 2022 Investment OutlookInflation in the west is increasing at its fastest rate for several decades, while in turn, the elevated levels are forcing central banks to hike interest rates. The result is a toxic mix for growth.
Following the publication of Amundi’s investment outlook for the second half of 2022, we’re joined in this podcast by Monica Defend, Head of Amundi Institute, to discuss what lies ahead for investors for the rest of the year, particularly in a time of rising rates and regional divergences in growth, inflation and policy mix.
Read the full a...2022-07-2616 min
OuterblueOuterblue Convictions - Global Investment Views: Market Views August 2022Monica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
Inflation, war and continued COVID lock down in China, the past few month have been a perfect storm which has been weighing heavily on the market.
What are the latest development for Central Banks, the main areas of focus in Europe and the consequences for investment and asset allocation?
Discover the article: "Italy swimming in uncertain waters as PM Draghi resigns "
2022-07-2508 min
OuterblueOuterblue Talks Research - Global economic policies: Divergence or decoupling ? Olivier Blanchard & Pascal BlanquéWhat room is left for budget, fiscal and monetary policy manoeuvre against a backdrop of inflation and war?
Former IMF Chief Economist, Olivier Blanchard, discussed the options with Amundi Institute Chairman Pascal Blanqué.
Discover more: https://forum.amundi.com/highlights-replay/
Hosted by Ausha. See ausha.co/privacy-policy for more information.2022-07-1528 min
OuterblueOuterblue Convictions - Global Investment views: Play the desynchronization of the cycleMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s investment convictions in this month's podcast.
Inflationary pressures, persistent bottlenecks and tightening financial conditions : these factors have been fairly persistent since the start of 2022.
The context is highly volatile and central banks are continuing to take actions.
How might things evolve?
What impact all of this is having on corporate earnings?
How should investors re assesses their asset allocation?
Global Investment Views - July 2022
...2022-07-0408 min
OuterblueOuterblue Convictions - Global Investment Views: Monetary policies and central banksMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s
investment convictions in this month's podcast.
Since the start of the year, we have been talking in great depth about inflationary
concerns along with the geopolitical tensions. Then, there have been Covid
lockdowns in China. In this context, the Fed and other central banks have completely
changed their monetary policies and forward guideless. However, not all the
central banks were reacting in the same way.
Global Investment Views - June 2022
...2022-06-0810 min
Im GesprächIm Gespräch: Was sind Green Bonds?Was sind Green Bonds, also grüne Anleihen? Welche
Projekte werden damit von Staaten oder Unternehmen finanziert? Amundi
Portfoliomanager Michael Srb spricht in der aktuellen Ausgabe des Amundi
Austria Podcast „Im Gespräch“ über Green Bonds und wie sich der Markt für grüne
Anleihen entwickelt hat. Welche Regeln gelten für grüne Anleihen, und es gibt auch Blue Bonds? Jetzt reinhören! Hosted by Ausha. See ausha.co/privacy-policy for more information.2022-05-3114 min
OuterblueOuterblue Responsible Investment - Investing in the Circular EconomyShifting from a linear to a circular model is key for our future. A Circular Economy entails a change in our economic model, allowing to produce sustainable consumer goods, while protecting nature – by giving it time to regenerate – and ensuring the well-being of individuals. What are its main principles, why has it become necessary and what change will it trigger in our economy ?
Read the full paper on Amundi's Research Center:
ESG Thema #4 - Investing in the Circular Economy: Closing the loop
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DISCLAIMER: This podcast is only for th...2022-05-2408 min
OuterblueOuterblue Convictions - Global Investment views: Central banks and the inflation balancing actMonica Defend, Head of Amundi Institute, shares her views and talks about Amundi’s
investment convictions in this month's podcast.
Inflation has been a major focus since the start of the year. Now other
factors, notably the Russian invasion of Ukraine and the threat of supply
disruptions in China, are impacting the overall economic outlook and effecting
market performance.
Global Investment Views - May 2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 2...2022-04-2812 min
OuterblueOuterblue Conversations - French Elections 2022Discover our experts’ views, on the keys elements to understand the results of the
French presidential election and its market implications.
Our special guest Nicholas Dungan, CEO of CogitoPraxis, adjunct professor at SciencesPo and senior fellow at the Atlantic Council shares his analysis of the new political landscape while Amundi experts, Vincent Mortier, Group Chief Investment Officer, and Pierre Blanchet, Head of Investment Intelligence, address the macro-economic implications for France and Europe and provide an update on markets and asset allocation.
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DISCLAIMER: This podcast is only...2022-04-2731 min
OuterblueOuterblue Convictions - Global Investment views: Ukraine/Russia conflictAs well as the terrible human cost, the war has brought increased volatility right across the board.
Monica Defend, Head of Amundi Institute, shares her views and provide Amundi’s investment convictions in this month's podcast.
Read the full paper on Amundi's Research Center:
Global Investment Views - April 2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial i...2022-03-2809 min
OuterblueOuterblue Convictions - Global Investment views: Special UkraineRussia’s invasion of Ukraine has far reaching consequences
Monica Defend, Global Head of Research, shares her views and provide Amundi’s investment convictions in this month's podcast.
Read the full paper on Amundi's Research Center:
Global Investment Views - March 2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be...2022-03-0408 min
OuterblueOuterblue Convictions - Global Investment views: Strong market gyrationsJanuary has seen strong gyrations in markets, with nominal and real yields rising sharply, driving a strong shift from growth to value in equities.
Monica Defend, Global Head of Research, shares her views and provide Amundi’s investment convictions in this month's podcast.
Read the full paper on Amundi's Research Center:
Global Investment Views - February 2022
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services pro...2022-02-0210 min
OuterblueOuterblue Convictions - Global Investment views: Markets in quicksand: inflationary risks persistFor few months now, we've been seeing significantly pricing in energy and related commodities and supply bottlenecks have driven inflation dynamics into a vicious cycle.
Monica Defend, Global Head of Research, shares her views and provide Amundi’s investment convictions in this month's podcast.
DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upo...2021-10-2708 min
OuterblueOuterblue Responsible Investment - Attaining Net zero: issues, implications and investment opportunitiesWhile carbon emissions have been slowly increasing despite efforts to bring them down, “net zero” commitments, on the other hand, have skyrocketed. Setting climate objectives used to be the domain of public institutions, but no more.
This first episode of a series of podcasts produced by Amundi on topical ESG themes is going to explore the topic of Net Zero, based on two papers written and published by Amundi’s ESG experts.
If you want to read the full research papers click below:
ESG Thema #1 - Introduc...2021-10-2015 min
OuterblueOuterblue Conversations - Germany kicks off a major electoral sequence for EuropeWith Angela Merkel’s long-standing reign coming to an end and the French presidential election in sight, Europe is facing a series of significant electoral events.
Fabian Zuleeg, head of the European Policy Centre think-tank, shared his insights and analysis on the German federal election results and on the various possible outcomes of the whole sequence, whilst Amundi experts addressed the investment implications.
DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other profe...2021-09-3041 min
OuterblueOuterblue Convictions - Global Investment views: Mounting risks, buying time.This month’s main points of attention include the German Federal election, the Evergrande issue in China and its potential impact on global financial markets and an ongoing context of rising inflation.
Monica Defend, Global Head of Research, shares her views and provide Amundi’s
investment convictions for the coming months.
DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to cha...2021-09-3009 min
OuterblueOuterblue Talks Research - H2 2021 Investment Outlook: Watch out for Inflation!The Covid-19 crisis has transformed the world with far reaching consequences that markets are now starting to assess. The most important one being what will be left of the Great Recovery following the crisis.
Read the full paper:
https://research-center.amundi.com/article/h2-2021-investment-outlook-inflation-blows-markets-and-investors-need-act
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change a...2021-07-0550 min
OuterblueOuterblue Conversations - Biden's Climate SummitA few months from the COP26 in Glasgow, the President of the United-States sends a strong signal as he convenes global public decision makers to address climate change. Sagarika Chatterjee, Director of Climate Change at PRI and COP26 High Level Champions Team Finance Lead provided her analysis on the meaning and implications of this significant event in a conversation with Jean-Jacques Barbéris - AMUNDI, Executive Committee Member, Head of Institutional clients and corporate coverage, Supervision of ESG Business Line.
DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined...2021-05-1043 min
OuterblueOuterblue Convictions - Global Investment Views: How hot is the inflation pot?If the start of 2021 led markets to question the no inflation forever mantra, the debate has been hotting up in February, with the US 10Y inflation breakeven reaching its highest level since 2014, pricing in higher inflation expectations.
Read the full paper: https://research-center.amundi.com/page/Article/Amundi-Views/2021/03/Global-Investment-Views-March-2021
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should no...2021-03-0308 min
OuterblueOuterblue Conversations - Europe political hotspots and investment implicationsThe Italian political uncertainty, the post Merkel set-up, the Next Generation EU…are shaping a new European environment.
Enrico Letta, former prime minister of Italy (2014-2015) shared his insights and analysis on the consequences of these changes.
Amundi experts, Gilles Dauphiné head of Euro Fixed Income and Sergio Bertoncini Senior Fixed Income Strategist, provided the investment implications.They were interviewed by Jean-Jacques Barberis, head of Institutional Clients and Corporate Coverage supervision of ESG business line.
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defin...2021-02-0341 min
OuterblueOuterblue Talks Research - The "Day After" series - Changing shares of labour and capital incomes: what implications for investors?The distribution of share of national income to labour versus capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom. Amundi believes that the Covid-19 crisis – together with other factors – will trigger a rebalancing in favour of labour over the next two decades.
Listen to Jean-Jacques Barbéris -- Head of the Institutional and Corporate Clients Division, in charge of the ESG business line and member of the executive committee ; Pierre Blanchet – Head of Investment Intelligence – and Théophile Pouget-Abadie from the Business solutions and Innovation team, to learn m...2020-11-2722 min
OuterblueOuterblue Talks Research - 2021 investment outlook: market rotation in an uneven recovery
Marked by the most severe recession in modern history, 2020 was an unprecedented year. With the global pandemic continuing, we enter 2021 with a mildly positive outlook for the upcoming recovery, but with the assumption that the path to pre-crisis growth levels will be long and uncertain. Against this backdrop, investors should be ready to play rotations in their portfolios, favouring cyclical themes but also keeping a strong focus on quality. Monica Defend, Global Head of Research, gives her key takeaways of the year 2020 and assesses Amundi’s market scenario and asset allocation for 2021.
Read the full pape...2020-11-2415 min
OuterblueOuterblue Conversations - The US elections #3: Results - analysis & investment impacts As the election of Joe Biden unfolds in legal challenges, Greg Valliere, Barron’s columnist, veteran non-partisan commentator on Washington developments, has provided his insights and analysis on the current outcome.
Ken Taubes US CIO, head of the Amundi investment platform, Pascal Blanque Amundi global CIO, Jean-Jacques Barberis head of Institutional Clients and Corporate Coverage supervision of ESG business line, have addressed markets and investment impacts.
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financia...2020-11-1742 min
OuterblueOuterblue Conversations - The US elections #2: expectations and market scenarios on the eve of the US presidential electionsFew days left before the most divisive US presidential elections. If the polls in the US are accurate, Joe Biden will be elected the next president of the US. But as experienced in the last election, the polls could be wrong, and maybe Trump will win again. As the election grows closer, Covid-19 cases are rising in many parts of the world and is reemerging as a threat to the global economy. Investors are searching for answers on what the election will mean for the markets going forward.
Gillian Tett, Chair of the Editorial Board and Editor-At-Large f...2020-10-2950 min
OuterblueOuterblue Convictions - The US elections #1: implications for global financial marketsThe US Presidential election takes place in 25 days and holds enormous implications for global financial markets. Last Friday, Trump announced that he has contracted the coronavirus, and his handling of his own illness has become a major development in the dynamics of the race. In addition, last week the two candidates held their first presidential debate, which was another important event in the course of the campaign. Learm more about the possible scenarios and market impacts with Lisa Jones, CEO of Amundi’s business in the Americas, Ken Taubes,US CIO and Head of the US Investment Platform and Did...2020-10-0956 min
OuterblueOuterblue Responsible Investment - Carbon price and credit default: introducing the carbon price marginThe unprecedented transition associated to achieving the goals of the Paris Agreement generates a transition risk for the financial system. Identifying the exposure of investment portfolios to such risks faces various challenges.Théo Le Guenedal, one of Amundi's quantitative researcher explains for Outerblue the results of his study "Credit Risk Sensitivity to Carbon Price", a paper which wins GRASFI 2020 Best Paper Prize for Research on Climate Finance (sponsored by Imperial College London).
To read the full paper:
"Credit Sensitivity to Carbon Price": https://research-center.amundi.com/article/credit-risk-sensitivity-carbon-price
To go further about Amun...2020-10-0114 min
OuterblueOuterblue Convictions - Global Investment Views : A note of caution for the back-to-school seasonThe summer season has seen both the confirmation of existing themes and the emergence of new ones wich will likely drive economic and market trends in the coming months.
On one hand, the decoupling between the real economy and financial markets has proved persistent but on the other hand as the holiday season going on the way the rising level of Covid-19 infections across Europe and in part of the US confirm that the pandemic is still not yet over.
Monica Defend, Global Head of Research discusses the overall economic recovery and shares Amundi main a...2020-09-0408 min
OuterblueOuterblue Talks Research - The “Day After” series - rethinking the macro and cross-asset research post crisisCrises create disruption and Covid-19 is no exception, bringing new complexities, new opportunities and new risks to the investment landscape. Covid-19 accelerated markets’ entropy and risk takers will evolve their investment approaches. From our research angle, the pandemic triggered a new macro financial ecosystem. Discover our GREAT framework to monitor investment in this new ecosystem in this new episode of Blue Research podcast featured by Monica Defend, Global Head of Research.
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financi...2020-07-2016 min
OuterblueOuterblue Talks Research - The "Day After" series - Deglobalisation: an assessment of financial contagionTrade dynamics have definitely shown an accentuated inversion of the globalisation trend, since 10 years. The Great Financial Crisis is a turning point in the degree of global economic integration, with protectionist policies being adopted in many countries and a decelerating growth in trade-intensive sectors. What are the financial globalisation and financial contagion phenomena? Which consequences of the deglobalisation trend may be foreseen for investors? Learn more with Marie Brière, Head of the Investor Research Center at Amundi and Alessia Berardi, Head of EM Macro and Strategy Research.
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DISCLAIMER: Th...2020-07-1322 min
OuterblueOuterblue Conversations - EU Equities: a tactical callJune has been a month of consolidation for equities values in a context of positive economic data, showing a “faster than expected recovery” in all major economies. This impulse, led by the massive and coordinated central banks’ action, translated into a very strong rebound of equities indexes, especially in Europe. Listen to Amundi’s experts who share their convictions: Kasper Elmgreen, Head of Equities, Estelle Ménard, Deputy Head of Global Thematic Equities at CPR AM and Sylvain Brouillard, Deputy Global Head of Index, ETF and Smart Beta Management interviewed by Thierry Ancona, Deputy Head of the Institutional and Corporate...2020-07-1032 min
OuterblueOuterblue Talks Research - The “Day After” series – The EU resilience: the Covid-19 crisis as a catalyst for changeThe EU is suffering from a risk of fragmentation along several lines. The Union acted to overcome these risks, setting up powerful tools: the asset purchase program, the emergency package and the Next Generation fund. In the last 30 years, the EU encountered many crisis. The current crisis has an unprecedented size and magnitude, with all countries affected: therefore, it is a catalyst for change of the EU. A new European landscape is drawing. Tom Burges-Watson interviewed Pierre Blanchet, Head of Investment Intelligence and Didier Borowski, Head of Global Views, to discuss the topic.
-2020-07-1023 min
OuterblueOuterblue Talks Research - H2 2020 investment outlook: investing during a de-freezing cycleThe Covid-19 crisis drove the global economy into an unprecedented deep freeze in the first half of 2020. The combination of monetary and fiscal stimulus will help the global economy de-freeze in H2. As was the case with the virus cycle, the recovery will be sequential and involve different regions at different times - on a ‘first in, first out’ basis - and will depend on the size of the policy response. As the global economy gradually de-freezes, investors will turn their focus back to geopolitics.
What are the main economical and investment themes to focus on for the s...2020-06-2930 min
OuterblueOuterblue Talks Research - The “Day After” series – Climate change post Covid-19: a crisis at a crossroad2020 was supposed to be the year when policy makers, corporates, and investors charged ahead in the fight against climate change. Instead, it is the year of the coronavirus pandemic. The COP26 has been postponed, climate strikes are cancelled, and the European Commission’s ability to push through the Green Deal has yet to be proven. However, while the global lockdowns are sure to make a dent in global emissions for 2020, it remains to be seen whether climate change will fight its way into the recovery or become sacrificed yet again. Alice de Bazin, Head of Institutional Offering and Solutions de...2020-06-2921 min
OuterblueOuterblue Convictions - An active play for July combined with a focus on fundamentalsRemaining active, selecting the assets and preserving liquidity are the key points of this new Blue Convictions episode on Amundi’s global investment views. Central Banks are still game changers, but the risk of default for fixed income and the need of earnings growth check for equities have to be considered in the medium term. On the currency market, what about the recent appetite for the euro versus the dollar? Listen to Monica Defend, Global Head of Research, who explains our views and convictions: a bumpy road to a “day after” renaissance.
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D...2020-06-2611 min
OuterblueOuterblue Talks Research - The “Day After” series – A possible inflationary cocktailIn the short term, the coronavirus pandemic is clearly likely to mean volatility in inflation figures, given factors pulling in opposite directions. In the longer term, and after four decades of low inflation across most economies, a new high-inflation regime may happen.
In light of this, investors will need to reassess their strategic asset allocation to include investments that could help mitigate inflation risk (i.e. real assets, commodities, gold, infrastructure, inflation-linked bonds), but also be ready to tactically readjust their investment decisions based on the inflation outlook.
Listen to Bastien Drut, Senior Strategist at...2020-06-2211 min
OuterblueOuterblue Conversations - Eurogroup and ECB rescue packages: measures and analysis of the fixed income marketA lot is coming from the fiscal side in Europe to fight the economic consequences of the crisis: French supplementary budget just released, Germany abandoning the black zero policy, and the debate on recovery plan taking center stage, with some adjustments in countries’ positions. How to assess these recent evolutions? What to expect from central banks now? Which consequences to foresee in the fixed income market? Pierre Blanchet, Head of Investment Intelligence and Eric Brard, CIO - Fixed Income, answer these questions in this new episode of Blue Convictions, broadcasted by Jean-Jacques Barberis, Head of Institutional and Corporate Clients Co...2020-06-1534 min
OuterblueOuterblue Talks Research - The "Day After" series - New frontiers for Central BanksCentral Banks (CBs) are by nature more flexible than governments. Thus, they have been the most proactive in this crisis, reintroducing large-scale asset-purchase programmes financed by money creation (QE policies). With this pandemic, a spectacular change in economic policy has taken place in just a few months: fiscal and monetary policies have become intertwined, and this is probably not reversible. While governments have become the buyers of last resort, CBs are playing their role as lenders of last resort. How far can they go?
Listen to the answer in this new Blue Research episode broadcasted by Didier B...2020-06-1228 min
OuterblueOuterblue Talks Research - The "Day After" series - Social inequalities, a rising theme on investors' shelfSocial inequality has become a major issue for investors. Over the 2016-2019 period, the ‘S’ criteria in company selection (via a ‘best in class’ ESG approach) had a real impact on the prices of listed companies, particularly in Europe (Roncalli et al, 2019). A priori, the more a country was mired in inequality before a crisis and especially this one, the more the response could be massive at the end: investors should therefore fully consider this factor in their assessment of the relative economic situation of different countries.
Listen to Jean-Jacques Barberis, Head of Institutional and Corporate Clients Coverage...2020-06-0522 min
OuterblueOuterblue Talks Research - The "Day After" series - Is green the new gold of the crisis?Amundi’s teams have been studying the evolution of ESG investing across asset classes and geographies for the past several years. Since the beginning of the coronavirus crisis and the subsequent global lockdown, a lot of market turmoil put corporates’ sustainability under tremendous scrutiny. In this context, discussions happen around a possible reinforcement of the materiality of ESG criteria on corporate resilience. This would have a huge impact on potential relative investor preferences. To assess this impact, Tom Burges-Watson interviewed Marie Brière, Head of the Investor Research Centre and Takaya Sekine, Deputy Head of Quantitative Research.
...2020-06-0318 min
OuterblueOuterblue Convictions - The big financial regimes picture is confirmedMonica Defend, Global Head of Research, gives the global investment views of the month and the asset allocation convictions of Amundi.
Led by Tom Burges-Watson, this new episode of Blue Convictions confirm the big picture to come: a contraction phase in 2020, a recovery phase in 2021 and a late cycle or asset reflation, depending on central banks policies, in 2022. Healthcare policies, monetary and fiscal policies plus solvency/default issues are key elements to monitor. What is our analysis of the labour market? Which geopolitical situation must be kept in mind? Should we rally on the equity market?
2020-05-2709 min
OuterblueOuterblue Conversations - Covid-19: what are the next steps in Europe?Talks will begin today, May 27, on the European Union’s (EU) seven-year budget and plans to fund the economic recovery following the coronavirus pandemic. France and Germany proposed a €500 billion European Union Recovery Fund, to be financed by debt issuance by the European Commission on behalf of the Union. Do the current multi-annual EU budget be achieved? What are the pros and cons to bear in mind looking at the EU final budget agreement? Which place could we expect for Europe in the geopolitical sphere post crisis?
Enrico Letta, former Italian Prime Minister (from 2013 to 2014), is the keyn...2020-05-2731 min
OuterblueOuterblue Talks Research - "The Day After" series – Learn the rules like a pro, so you can break them like an artistThe coronavirus is challenging the rules that underpin the way our economies and societies function and interact with each other. One could even advocate that the coronavirus has shattered our dominant corpus more massively than in 2008 in less than a month. Budgetary rules, public intervention, slowbalisation, deglobalisation, central banks role: these key words are discussed by Jean-Jacques Barberis, Head of Institutional and Corporate Clients Coverage (Amundi) and Bastien Drut, Senior Strategist (CPR AM) during this Blue Research episode. Together they acknowledge that former economical rules have changed and try to assess which new ones may prevail after the crisis. 2020-05-1841 min
OuterblueOuterblue Talks Research - "The Day After" series - Covid-19: the invisible hand pointing investors down the road to the 70sOuterblue introduces a new series of podcasts entitled “The Day After” where our experts share their thinking on what the long-term implications of the current, unprecedented crisis on the investment landscape could be.
In this first episode, Pascal Blanqué, Amundi's Global CIO, highlights the key reasons why the current crisis could be the trigger for a regime shift that could, in the long run, lead to a new equilibrium with features similar to those seen in the ‘70s. In the journey along this road, investors will need to stay active and rethink their investment approaches around some key pri...2020-05-1135 min
OuterblueOuterblue Convictions - The financial regime cycle is altered: contraction and recovery timeThe pandemic outbreak altered the financial regime cycle in place at the end of 2019.
Amundi now expects a contraction (central banks and governments support, recession, rising unemployment) followed by a recovery later in 2021 (economic activity retracing back but below 2019 levels, rising labour costs, cooling down monetary and governments actions), which would eventually land in a late cycle in 2022 (or potentially an asset reflation regime, should Central Banks remain ultra-supportive).
Listen to the key elements to watch in May in this new market analysis and asset allocation views done by Monica Defend, Global Head of Research.2020-04-3012 min
OuterblueOuterblue Convictions - SPECIAL COVID-19 ep#7 - EU summit and equities: stories of a recovery fund, dividends and ESG investingThe ECB displayed no limits in its policies and is keen to change its operational rules. The recovery fund framework still needs to be confirmed, especially on the mutualisation degree. Some countries request loans, others grants. Does this fund will be enough to restore some confidence among investors in the Eurozone? Which decisions from the credit ratings agencies can be expected? Monica Defend, Global Head of Research, explains the decisions taken on the EU summit of 23 April and its potential consequences in Covid-19 crisis management. Alongside this macroeconomic analysis, Kasper Elmgreen, Head of Equities, gives his comment on the...2020-04-2431 min
Amundi Investiční myšlenky16 - IM - Franck Du Plessix CEO Amundi. Priority v dnešní době a příležitost ke změně nás všech0 -4:26 Rozhovor s Franckem, priority v Amundi v ČR, SR a Bulharsku. Likvidita, investice, rizika, provoz a servis
4:26 - 7:39 Co mají podle Francka společného lidé v Asii, Evropě i u nás. V čem je výhoda být součástí velké nadnárodní skupiny? Příležitost ke změně nás všech.
7:39 – 14:25 Závěr: investování není jen o příležitostech, ale i o ochraně peněz. Ale riziko akcií s propadem cen klesá, neroste.2020-03-2700 min
OuterblueOuterblue Convictions - SPECIAL COVID-19 ep#3 - A game of cyclesThe world is now entirely racing for time against the Covid-19.Three cycles are under watch: the pandemic cycle, the financial cycle and the real economy cycle. This period constitutes a shift for investors where the virus exhorts returns back to their long and sustainable trends. The Fed adressed liquidity issues while the ECB will probably deepen its QE measures. Governments keep up with fiscal announcements. Quality, low volatility, duration and liquidity buffles are keys in portfolios.Will coronabonds emerge in the financial space? This third episode of Blue Convictions special series about Covid-19 gathers together Jean-Jacques Barberis, Head...2020-03-2534 minAmundi Investiční myšlenky15 - IM - Díl 2 Aktuální strategie Amundi fondů0-8:28 Nulové úroky, fiskální a monetární stimul ve světě i u nás
8:28-21:00 Emerging Market Bond, Strategic Bond, Fund Solutions, Global Multi Asset Target Income
21:00 – 30:00 Co má dělat běžný člověk
https://research-center.amundi.com/page/Article/Amundi-Views/2020/03/Policy-action-at-the-next-level-but-markets-still-in-search-of-a-real-catalyst
https://research-center.amundi.com/page/Article/Amundi-Views/2020/03/Don-t-panic-market-overreactions-may-turn-into-opportunities-for-long-term-investors
https://research-center.amundi.com/Podcast2020-03-1900 min
OuterblueOuterblue Convictions - SPECIAL EPISODE - Coronavirus impact on markets: Volcker's theory as a victim of COVID-19The shock in the markets is temporary and the main issue is on the credit side. Central banks mission includes stepping in when the markets conditions are tightening. There is room for manoeuvre, time is approaching to look at the situation with the lenses of opportunities. Gold and treasury remain safe heavens. The longevity of the virus and the recovery of the economic activity are the two key criterias to assess. Pascal Blanqué, Group CIO and Monica Defend, Global Head of Research discuss Amundi’s views on the current market situation.
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DISCLAIMER: This...2020-03-1032 min
OuterblueOuterblue Convictions - A temporary shock, with daily data monitoring to know when the economic activity will resume to normalIn this second episode of Blue Convictions, the impacts of coronavirus are discussed and analysed. The current shock is temporary and will lead to a rebound. Amundi monitors all signals daily to have a clear view on the path happening now, and understand when and how the economy will resume to normal activity.
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DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change a...2020-03-0508 minAmundi Investiční myšlenky14 - IM - Koronavirus a co dělají portfolio manažeři Amundi (P. Zajíc a M. Jelínková) – 2/20200-3:40 Několik dobrých zpráv z medicíny
3:40 – 8:45 Pokles akcií v kontextu férové hodnoty
8:45 – 17:00 Petr Zajíc a jeho kroky v akciovém fondu All Star Selection
17:00-21:12 Markéta Jelínková a dluhopisové fondy
21:12-28:24 Stručné shrnutí aktivity v zahraničních smíšených fondech Amundi
28:24-31:30 Závěr
článek Dr. Fauci
https://www.nejm.org/doi/full/10.1056/NEJMe2002387?query=featured_home2020-03-0300 min
OuterblueOuterblue Talks Research - Central banks, Trade war, Coronavirus: what are the markets drivers for the beginning of 2020?DISCLAIMER: This podcast is only for the attention of “Professional” investors as defined in Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (“MIFID”), investment services providers and any other professional of the financial industry. Views are subject to change and should not be relied upon as investment advice on behalf of Amundi.
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As the Brexit bill eventually passed UK legislation, Sir. Simon Fraser, Former Permanent Secretary at the Foreign & Commonwealth Office, shared his insights on the next steps following this major milestone with Amundi’s experts. Hosted by Ausha. See...2020-02-1138 minAmundi Investiční myšlenky13 - IM - Koronavirus a jak na něj; Férová hodnota akcií0-4:45 Co dělají investoři, když mají strach
4:45 – 10:05 Klíčové události na trzích a překvapivé zvýšení úroků
10:05-20:10 Koronavirus v kontextu trhů a ekonomiky
20:10-22:11 Aktivita uvnitř globálních fondů Amundi
22:11-26:41 Akciový trh v USA a co říkají indikátory recese
26:41-32:40 Férová hodnota amerických akcií dle Morningstar
32:40-35:50 Co to vše znamená pro normálního smrtelníka
https://research-center.amundi.com/page/Article/Amundi-Views/2020/02/Focus-on-fundamentals-virus-volatility-provides-entry-points-for-EM-equities
https://www.morningstar.com/market-fair-value2020-02-1000 minAmundi Investiční myšlenky08E – IM – Tématické akciové fondy s ředitelem řízení fondů v CPR Vafou Ahmadim – 11/20190-5:45 Rekapitulace trhů
5:45 – 10:40 Krátké shrnutí klíčových témat rozhovoru s Vafou v češtině
10:40 – 34:20 Rozhovor v angličtině: Tématické vs tradiční investování, disruptivní trendy v technologiích a dalších sektorech, zodpovědné investování.
Amundi Výhled pro 2020
http://research-center.amundi.com/2019-12-0500 min