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April 2024

Investing

Deanchoring

By Alexandre Tavazzi, Head of CIO Office and Macro Research, Pictet Wealth Management. With the Fed on course to cut rates, a resilient US economy and improving corporate earnings, we have just gone through the best Q1 in five years for risk assets. But have…
EFI
11 April 2024
News

Fund Insight: ODDO BHF AM Green Planet

Story of the month By providing the infrastructure to store, process and distribute data, data centers are becoming a growing source of energy demand. While they consumed around 300 TWh of electricity in 2022 (i.e. 1.1% of the total), the large-scale adoption of artificial intelligence…
LFI
10 April 2024
white and brown concrete building under blue sky during daytimeNews

Barometer: A spring in the market’s step

April 2024 Equities should extend their rally as interest rate cuts appear imminent in the US and other developed economies. Asset allocation: sticking with equities While global economic and liquidity conditions are far from rosy, we see pockets of improvement that are supportive for risky…
LFI
10 April 2024
20 us dollar billNews

The case for private debt in a widening funding gap

With banks curtailing lending, private debt can step in to support healthy companies. Andreas Klein, Head of Private Debt, Pictet Asset Management. Scarcity of capital and higher funding costs make today’s credit backdrop extremely difficult for borrowers. Poor management of balance sheets and thin capitalisation…
LFI
10 April 2024
Investing

Weekly View: A story of two halves

Payroll eclipse César Pérez Ruiz, Chief Investment Officer, Pictet Wealth Management. THE WEEK IN REVIEW Last week was an unsettled one for markets rattled by geopolitics and doubts about the timing and extent of Fed rate cuts. The S&P 500 returned -0.9% on the week…
EFI
09 April 2024
a bar of chocolate next to a pile of nutsInvesting

The bitter taste of cocoa

By Alexis Bienvenu, Fund Manager, La Financière de l’Echiquier (LFDE) Cocoa has smashed its all-time records. At the beginning of April, the cocoa futures contract topped 10,000 dollars per tonne on the New York stock exchange after averaging 3,000 dollars over recent decades. A 260%…
LFI
09 April 2024
Investing

No change of plan for the ECB

Comments by Franck Dixmier, Global CIO Fixed Income at Allianz Global Investors. The ECB is likely to maintain the status quo at its monetary policy meeting on 11 April. But it should give some indication of a first rate cut, which we estimate to be…
EFI
08 April 2024