Capital Market… T+1 Settlement in the US and Canada 8 May 2024 The SEC has adopted rule amendments and new rules to move the standard settlement cycle to T+1, which takes effect on May 28, 2024, in the US and May 27,…
Alternative Investments… Tokenization Opportunity for Repos 11 Apr 202411 Apr 2024 Repos, short for repurchase agreements, are a form of short-term borrowing mainly used in the money markets. In repo, one party sells a security to another and agrees to repurchase…
Capital Market… Banks’ Involvement in Private Credit 29 Mar 2024 Banks' involvement in private credit has become increasingly significant in recent years as the private credit market has expanded. Some banks have established direct lending platforms, offering loans to private…
Alternative Investments… Alternative Credit Strategies 6 Mar 2024 Alternative credit strategies refer to non-traditional lending and credit investment forms that go beyond standard market instruments like public corporate bonds or government securities. These strategies often aim to generate…
Capital Market… 501(c)(3) Organizations and Investment Implications 16 Feb 2024 A 501(c)(3) is a portion of the US Internal Revenue Code that allows nonprofit organizations to be federally tax-exempt. Organizations that are organized and operated for certain purposes and meet…
Alternative Investments… SEC’s Approval of Bitcoin ETF: Impacts and Opportunities for Asset Managers 7 Feb 2024 The US Securities and Exchange Commission (SEC) recently approved listing and trading bitcoin exchange-traded product shares. The approval of bitcoin ETFs is considered historic due to the long-standing pursuit by…
Capital Market… Examining Covenant Loopholes 29 Dec 202329 Dec 2023 Understanding Covenant Types The three major types of covenants are affirmative covenants, negative covenants, and financial covenants. Lenders and investors must continuously monitor the borrower's compliance with all covenants to…
Alternative Investments… Current Trends in the Private Credit Market 28 Nov 202328 Nov 2023 The private credit market refers to non-bank lenders providing loans or credit to companies. Unlike traditional bank loans or publicly traded bonds, these credit instruments are not traded on public…
Capital Market… Perspective on the Situation in the Middle East and Investment Implications 9 Oct 202326 Apr 2024 The situation between Israel and the Palestinian territories, particularly the Gaza Strip governed by Hamas, is one of the most protracted and contentious conflicts in the world. The recent escalations,…
Alternative Investments… Securities Lending 5 Sep 2023 Securities lending is a common practice in the financial markets where securities, typically stocks or bonds, are temporarily transferred from one party (the lender) to another (the borrower). At Fundopedia,…
Asset Allocation… Fixed-Income Strategy: Implications from Recent Events 16 Aug 202316 Aug 2023 In the US, rates markets continue to take center stage with the Treasury curve bear steepening in recent weeks. Yields on the 10-year and 30-year Treasuries reached new year-to-date highs…
Capital Market… Investment Outlook Third Quarter 2023 25 Jul 20238 May 2024 The S&P 500 had a strong performance in the first half of 2023, gaining more than 6% in June and nearly 16% heading into the third quarter. Despite potential vulnerabilities,…
Capital Market Colocation Services 29 May 2023 Colocation services, in the context of technology and datacenters, refer to the practice of housing servers, network equipment and other IT infrastructure in a third-party data center facility. Colocation is…
Market Commentary US Purchasing Power, Inflation and Unemployment 11 Oct 20221 Nov 2022 US consumers powered the recovery following the pandemic but high gasoline and energy prices and food and housing costs have eroded their purchasing power. Real consumption spending accelerated to 7.9%…
Commodities… Uncertainty Clouds the Outlook 24 Mar 202228 Mar 2022 An anti-goldilocks economy refers to the global economy where policymakers are confronted with a stagflationary supply shock, which is negative for growth and will tend to push up inflation further.…
Asset Allocation… Market Recap Monday, December 24, 2018 24 Dec 2018 On global equities Volatility in global equity markets persisted in November, fears of rising interest rates, multiple trade conflicts, the end of QE, and related uncertainty about the global economic…
Global Macro… Market Recap Friday, October 13, 2017 15 Oct 2017 In Brief U.S.: PPI ticking higher and inflation not dead; small business confidence peaking with D.C. risk; jobless claims still low Eurozone: Another good month for Eurozone sentiment; structural reform…
Market Commentary… Market Recap Friday, October 6, 2017 6 Oct 2017 In Brief U.S.: Economic activity in both manufacturing sector and non-manufacturing sector continued to expand in September 2017; light vehicle sales in September realized the first gain of the year;…
Market Commentary… Market Recap Friday, September 29, 2017 29 Sep 2017 In Brief U.S.: Trump gives a new “red line” for his 20% corporate tax rate; tax reform framework; consumer confidence index fell to 119.8 while data skewed by hurricanes Europe:…
Market Commentary… Market Recap Friday, September 22, 2017 22 Sep 2017 In Brief U.S.: FOMC meeting September 20: Fed is leaving short-term interest rates unchanged, but December Fed hike possible; QE unwind, fiscal progress? Eurozone: Eurozone upturn regains momentum in September;…
Market Commentary… Market Recap Friday, September 15, 2017 15 Sep 201716 Sep 2017 In Brief U.S.: August NFIB small business confidence index up 0.1 month on month to 105.3; CPI surprises to the upside in August; inflation expectations continue to rise Eurozone: Earlier…
Market Commentary… Market Recap Friday, September 8, 2017 8 Sep 2017 In Brief U.S.: ISM PMI up 2.5% to 58.8; ISM NMI up 1.4% to 55.3; job growth has started to slow, typical in 2H of a business cycle Euro zone:…
Market Commentary… Market Recap Friday, September 1, 2017 1 Sep 20171 Sep 2017 In Brief U.S.: Hurricane Harvey hit insurance stocks and auto giants; U.S. nonfarm payrolls preview Euro: The euro hit a multi-year high after Draghi did not comment on the currency…
Market Commentary… Market Recap Friday, August 25, 2017 26 Aug 2017 In Brief U.S.: PMI pop in August 2017 amid milder trend; dollar index clocks 15-month low EU: ZEW sentiment fading; sentiment also easing elsewhere in Europe; euro appreciation is a…
Market Commentary… Market Recap Friday, August 18, 2017 18 Aug 201719 Aug 2017 In Brief U.S.: Home builder sentiment climbed in August 2017 and consumers still likely pent up demand for housing; 10-year breakeven inflation rate rose in July for the first time…
Market Commentary… Market Recap Friday, August 11, 2017 11 Aug 201713 Aug 2017 In Brief U.S.: Producer prices recorded the biggest drop in 11 months; productivity rose 0.9% in 2Q17, consistent with the climb in the JOLTS Quits Eurozone: Soft and hard data…
Market Commentary… Market Recap Friday, August 4, 2017 4 Aug 20174 Aug 2017 In Brief U.S.: 10-year yield slips to lowest in a month; The DJIA closed above 22,000 for the first time; U.S. companies post profit growth not seen in six years;…
Market Commentary… Market Recap Friday, July 28, 2017 28 Jul 201728 Jul 2017 In Brief U.S.: Consumer confidence steadfast ahead of political turmoil; U.S. dollar weakened notably Eurozone: “Euphoric” soft data points and growth spurt loses momentum for second month running Germany: The…
Market Commentary… Market Recap Friday, July 21, 2017 21 Jul 2017 In Brief Europe: Encouraging data now; ECB studying tapering U.S.: Inflation down; housing permits back up China: New data released; PBOC to coordinate work of new financial oversight body U.K.:…
Market Commentary… Market Recap Friday, July 7, 2017 7 Jul 20177 Jul 2017 In Brief U.S. growth continues to hum along at a moderate pace More hard evidence of European economic expansion Capacity, labor, and price pressures accruing in Japan In China government…