Disclaimer: Views in this blog do not promote, and are not directly connected to any Legal & General Investment Management (LGIM) product or service. Views are from a range of LGIM investment professionals and do not necessarily reflect the views of LGIM. For investment professionals only.

Markets and economics

Economics

How sensitive is the US to higher rates?

The surprise for markets may be less around the timing of the Fed’s lift-off, and more the magnitude of rate hikes required to cool a potentially overheating economy.  
By Tim Drayson

Fixed income

Credit update: NIP and tuck

A closer look at new issue premiums during recent credit market volatility.;
By Corinne Lewis-Reynier

Equities

Tech’s appeal: five little-discussed reasons to like tech stocks

The long-term structural bull case for the technology sector and the relative strength of several tech firms during the recession are well established. But we believe the present crisis has also created additional macro tailwinds for tech stocks.  ;
By Lars Kreckel

Economics

UK furlough fears fading

The UK’s furlough scheme has now ended. There’s still no sign of labour-market stress in Google searches, suggesting limited slack in the post-Brexit UK labour market. We believe this keeps the door open for a rate hike this year if the Bank of England wants to tighten policy pre-emptively to keep inflation expectations in check.  ;
By James Carrick

Fixed income

Indian government bonds: completing the BRIC wall in local EMD

We believe India is soon likely to be included in broad local-currency emerging-market bond indices. We analyse the implications for EMD index investors.  ;
By Malcolm McCabe

Fixed income

Real-estate corporate bonds: follow the flow

What should investors make of the boom in property companies issuing bonds?  ;
By Marc Rovers

Equities

Emerging-market equities: what are we waiting for?

It’s easy to be bearish on emerging-market equities amid the double trouble from regulatory and growth risks – but does this make it an opportune moment to buy on a valuation or contrarian basis?  ;
By Lars Kreckel

Fixed income

Evergrande and China’s property sector: an EMD manager’s perspective

With Evergrande continuing to dominate the financial headlines, we take a look at the situation and broader implications for emerging-market bond investors.  
By Uday Patnaik

Currency

Currency market at a standstill

Currency volatility has been subdued. What does that mean for multi-asset investors?  
By Willem Klijnstra

Economics

Economic outlook: Global growth and green stimulus

COVID-19 concerns make a synchronised global boom into the year-end unlikely, while the financing aimed at tackling climate change remains underwhelming.  ;
By Tim Drayson

Economics

NICs smack, gas whack, households set to groan

Should we be concerned about a hit to UK households’ finances?  ;
By James Carrick

Economics

Emerging markets, leftist Latin Americans, and the next taper tantrum

Emerging markets (EMs) hate a taper tantrum, but the Federal Reserve (Fed) has been telegraphing its intention to rein in bond purchases for so long that enthusiasm for EM assets has remained muted.  ;
By Matthew Rodger

Equities

Reloading the small-cap reopening trade, post-Delta

Small-caps in the US may not be laggards for long.  ;
By Lars Kreckel

Economics

Is the inflation outlook as benign as the Fed said?

Fed chair Jay Powell recently set out five reasons for calm amid the inflation storm. We look at each of them in this blog.  ;
By Tim Drayson

Economics

What three worries?

Our biggest fears about the current economic outlook. ;
By Tim Drayson

Fixed income

Vogue: move to the (inflation and rates) music

We believe we need to be humble about our ability to forecast inflation, to understand the structure of the inflation debate, and to position portfolios accordingly.  ;
By Alex Mack

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