Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Amundi Asset Management predicts possible end of the debt crisis in pivotal year ahead

Monday, January 14, 2013

Beverly Chandler, Opalesque London: Editor Philippe Ithurbide of Amundi Asset Management has predicted likely scenarios and allocations which lie ahead in 2013 in his Cross Asset Investment Strategy: 2013 and beyond.

Key points in his summary include:

  • 2013 will be a pivotal year and not merely one of transition: it will determine future trends and perhaps bring the debt crisis to an end. We will find out whether 2012's resilient markets were based on sustainable progress or extreme complacency toward the solutions offered by the European sovereigns. Admittedly, every deficit and debt problem will not be resolved in the coming months. We do not expect an end to the problems, just an end to the crisis. That would already be a major step forward and something to be happy about.

  • 2013: Global economy still under fiscal constraint but with less financial stress. Due to the constraining effect of deleveraging in developed countries, the global economy will not return to pre-crisis expansion rates in 2013. Nonetheless, we believe that global growth will accelerate in 2013 (from +3.0% to +3.5%) thanks to a more favourable financial environment for economic activity (especially in Europe). Against this backdrop, the United States should post a growth rate of just over 2%, while Europe will probably see its GDP stagnate. Japan will likely post sluggish growth, and the emerging countries ......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider