Thu Jun 10 HKT (4 months ago)
In your timezone (EDT): Thu Jun 10 3:00am - Thu Jun 10 4:00am
So much of the world’s highest quality sovereign and quasi-sovereign fixed income was submerged in negative yield territory for most of 2020 while the ongoing global pandemic wrought devastation on many of the economic, fiscal, credit and equity market assumptions that analysts and investors had previously held.
But as 2020 turned into 2021, new hopes for a resumption of some kind of normality rose as the vaccines gradually won regulatory approval and the mass vaccination programmes began to roll out worldwide, prompting a migration of investment back towards cyclical and value stocks. Meanwhile, the US election, followed by the USD1.9 trillion Biden-encouraged Federal Reserve QE programme, and of course with the positive news for the effectiveness of the vaccines, have all combined to drive US Treasury yields dramatically higher. Having reached an all-time low of 0.52% overnight during August 2020 and having ended 2020 well below 1%, the yield was hovering at a shade over 1.6% in mid-March. Meanwhile, as prospects for a resumption of economic growth around the world improve and the rotation to cyclical and value stocks continues, there is at the same time greater hope for a recovery in dividends for the traditionally strong cash-generating corporations around the world.
The Hubbis Digital Dialogue of will review the current global economic and financial situation and outlook and seek to analyse where and how Asia’s private clients can find income in what is a somewhat more optimistic but still highly uncertain world.
Vice President, Institutional Solutions, Samsung Asset Management
APAC Head of Fixed Income iShares and Institutional Index, BlackRock
Head of Asia Credit, Fixed Income, Lombard Odier
Chief Investment Officer - British Isles & Asia, RBC Wealth Management
Head of Capital Markets, Asia, Indosuez Wealth Management
Managing Director - Head of Advisory, UBP
• Kodex ETF