Tue, Apr 24, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its