Within equity markets, major geographical decisions (US versus Europe) will be largely determined by the outcome of the French parliamentary elections.
On the bond markets, it is preferable to reduce exposure to long maturities, but as late as possible, in view of the elections.
Carry strategies and hybrid debt (corporate and financial) are to be favored while waiting to increase exposure to emerging debt, once the Fed’s pivot signal is sufficiently clear.
In The Summary
Asset Allocation: Political volatility and opportunities
Benjamin Melman, Global CIO AM
Bonds Markets: Between resilience and responsiveness
Alain Krief, Head of Fixed Income
European equities: Capitalising on divergences
Caroline Gauthier, Co-Head of Equities
Asset Management philosophy: A new pyramid of needs?
Jacques-Aurélien Marcireau, Co-Head of Equities
Fixed Income: 2024, Corporate Hybrid bonds are back in favour
Benjamin Conquet, Product Specialist Fixed Income, Alexander Eventon, Portfolio Manager - Corporate Hybrids, Marc Lacraz, Portfolio Manager - Corporate Hybrids