Here you have the latest Quarterly Strategy written by Arnaud Cayla.
The presentation focuses on two main topics: Emerging Markets (EM) and European equities. The most recent data from EPFR shows that retail investors have been selling EM equities, and with a recovering global economy EM earnings are set to improve over the coming quarters. Furthermore, we believe that the measures announced by the ECB will help to support the medium-term inflation outlook, and that the decision to intervene in the asset-backed securities (ABS) market is the most promising part of the ECB’s package.
(Click on the link below to download the PDF)