BNP Paribas Wealth Management

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses about the US dollar's weakening situation and its beneficiaries.Four reasons for US dollar weakeningCommodities and emerging markets stocks and bonds tend to benefitAustralia and Canada: Commodity-heavy developed markets also favouredHosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses the potential disconnect between the stock market rebound and the risk of US economic growth slowing down. Stock market rebound and economic reality: Despite a strong 20% rebound in US equities following tariff-related declines, survey data (consumer and business confidence) suggests a sharp slowdown in US economic growth may be ahead—highlighting a disconnect between markets and fundamentals.Mixed economic signals: While sentiment indicators are weak, hard data like retail sales and the Atlanta Fed's GDPNow indicator still point to solid growth (~2.5% in Q2). However, the delayed impact of higher tariffs could weigh on consumption from June onward.Energy prices as a buffer: Falling energy costs (e.g., US gasoline down 16% YoY) are helping to contain inflation and support growth in both the US and Europe, offsetting some inflationary pressure from tariffs.Infrastructure as a standout asset class: Listed infrastructure funds and ETFs are outperforming equities year-to-date, especially in Europe (+21% in EUR). Sub-sectors like electricity networks, clean water, and clean energy are benefiting from policy support and renewed investor interest.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer et Guy Ertz, Deputy Global Chief Investment Officer, discutent de la situation actuelle de l'économie suisse et de ses marchés financiers. Focus sur la croissance économique et les perspectives concernant la devise suisseQuelles sont les actions mises en place par la Banque nationale suisse pour se protéger du risque de déflation et gérer la force de la devise ?Perspectives de marchés concernant les taux et les rendements pour les prochains moisLes opportunités sur les marchés obligataires et actions suisses.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer and Guy Ertz, Deputy Global Chief Investment Officer, discuss Switzerland's economy and financial markets. Economic growth and currency prospects in SwitzerlandWhat is the Swiss National Bank doing to tackle deflation risks and manage currency strengh?Market expectations for rates and yields in the coming months. Opportunities in Swiss bond and equity markets.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, BNP Paribas Wealth Management, explains a simple investing system that investors can execute themselves on a monthly basis and that has very encouraging long-term results. How does the system determine whether to invest in stocks or bonds at the end of each month?What were the average annual returns and risk characteristics of this system compared with a buy-and-hold strategy for the S&P 500 between 1972 and 2019?Performance of this investment strategy perform when applied to foreign stocks and gold.What are the specific recommendations for the month of May based on this system for US stocks, foreign stocks, and gold?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, encourages investors to ride out the current volatility and difficult patch in the markets by focusing on the long term. Why are we seeing volatility in the markets?Taking stock of the 12-month performancesWhat could trigger a further rebound in stock markets in the short term?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses the challenges of predicting recessions, the significance of the VIX volatility index, and investment recommendations for navigating uncertain economic times.Difficulty in predicting recessions - Economists historically struggle with forecasting the timing of recessions due to the complexity of business cycles.Stock market as a recession Indicator - The stock market is highlighted as a potential predictor of recessions, typically looking 6 to 12 months ahead. However, it also produces many false signals through market corrections that do not necessarily indicate a recessionVIX Volatility Index - Historically, when the VIX exceeds 50 and then declines to under 30, it has been followed by positive stock market returns. This pattern has occurred in 1988, 2002, 2009, and 2020,with an average S&P 500 return of 18% over the following 12 monthsInvestment Recommendations: instead of focusing on the Nasdaq 100 or the classic capitalization-weighted S&P 500 index, investors should consider an equal-weight US stock market index to reduce bias towards tech stocks, as well as UK, Japanese and Chinese stocks. Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer, dévoile sa stratégie d'investissement pour avril 2025 : Hausse massive des droits de douane américains : il s'agit de l'une des plus importantes augmentations de droits de douane dans l'histoire des États-Unis. Leur taux effectif passera probablement d'environ 2,5 % avant Trump 2.0 à 22 %. Il s'agit du niveau le plus élevé depuis 1910. Les droits de douane annoncés sont nettement plus élevés que ce que nous ou le marché avions anticipé.Risque accru d'un scénario de stagflation pour l'économie américaine. La saison des résultats du premier trimestre ainsi que les enquêtes auprès des entreprises et des consommateurs seront importantes à surveiller en raison des risques pour l'emploi et les investissements. Cela suggère une approche plus prudente de l'allocation d'actifs dans les mois à venir.L'incertitude élevée soutient la demande de bons du Trésor américain : la tendance à la baisse des rendements aux États-Unis devrait se poursuivre. Les investisseurs chercheront à se réfugier dans des actifs sûrs. Nous sommes tactiquement positifs sur les bons du Trésor américain et avons révisé notre objectif à trois mois pour le rendement à 10 ans à 4 %.Il convient d'être plus prudent sur les actions :  l'annonce tarifaire du 2 avril a des répercussions clairement négatives sur la croissance mondiale et pourrait même entraîner un risque de stagflation pour l'économie américaine Nous ramenons notre opinion sur les actions de "Surpondérer" à "Neutre".Pression sur les bénéfices des entreprises américaines : les effets des annonces tarifaires devraient avoir des impacts négatifs sur la consommation tout en augmentant les coûts des intrants des entreprises, ce qui mettra sous pression les marges bénéficiaires. Nous ramenons notre opinion sur le marché d'actions américaines de “Neutre" à “Sous-pondéré".Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his convictions for April 2025: Massive US tariff hike: this represents one of the biggest tariff increases in the history of the US. It will probably take the effective tariff rate from around 2.5% pre-Trump 2.0 to 22% currently. This is highest level since 1910. The announced tariffs are significantly larger than either we or the market had anticipated.Greater risk of a stagflation scenario for the US economy. The upcoming Q1 earnings season as well as business and consumer surveys will be important to monitor in view of the risks for employment and investments. This suggest a more cautious approach to asset allocation in the coming months.Elevated uncertainty supports US Treasury bond demand: the trend towards lower yields in the US is likely to persist. Investors will seek refuge in safe-haven assets. We are tactically turning Positive on US Treasuries and have revised our 3-month target for the US 10-year yield to 4%.More caution on stocks warranted: the result of yesterday's tariff announcement is clearly negative for growth on a global basis and even  carries the risk of stagflation for the US economy. We downgrade our Equities view from Overweight to Neutral.Pressure on US corporate earnings: the effects from the tariff announcements should have negative impacts on consumption while driving up companies' input costs, pressuring profit margins. We downgrade our view on the US equity market from Neutral to Underweight.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, discusses the risks to the American stock market from shifting foreign investor flows.Foreign investors have significantly increased their holdings in US financial assets, totaling 10 trillion dollars between 2020 and 2024, with European investors holding 49% of these assets.The S&P 500 is currently expensive at 20x forward PE compared with its long-term average of 16x, while the eurozone and Japan markets are fairly valued or cheap.There is a “double whammy” risk for US equities as foreign investors may reduce exposure due to under-performance, high valuations and a weakening US dollar, potentially leading to further derating and currency losses.We prefer US stock exposure via the S&P 500 equal-weighted index, along with rebalancing towards international stocks in the UK, eurozone, Japan, and possibly China.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Jeremy Fasquelle et Edouard Desbonnets, Senior Investment Strategist, discutent des risques pour le marché boursier américain liés aux flux d'investisseurs étrangers fluctuantLes investisseurs étrangers ont considérablement augmenté leurs avoirs en actifs financiers américains, totalisant 10 trillions de dollars entre 2020 et 2024, les investisseurs européens détenant 49 % de ces actifs.Le S&P 500 est actuellement survalorisé avec un ratio cours/bénéfice (PE) de 20x par rapport à sa moyenne à long terme de 16x, tandis que les marchés de la zone euro et du Japon sont correctement évalués ou bon marché.Nous préférons l'exposition aux actions américaines via l'indice S&P 500 pondéré de manière égale, ainsi qu'un rééquilibrage vers les actions internationales au Royaume-Uni, dans la zone euro, au Japon et possiblement en Chine.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, discusses the bearish sentiment among US investors and the possible implications for future returns from US stocks. Performance of the Nasdaq 100 tech heavy index since mid-FebruaryWhat does the AAII Weekly Retail Investor Sentiment Survey reveal?How have contrarian indicators historically coincided with lows in the S&P 500 index?What is the current outlook for the S&P 500 index over the next six months?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, discusses market corrections.Past market correctionsTriggers of the current S&P 500 index correctionAre we headed for an economic recession in the US?What are measures of risk in the financial markets showing?Why we think investors should not panicHosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Chief Investment Officer, challenges the conventional wisdom around American exceptionalism.·         Is the US really so exceptional and can this exceptionalism really continue over the long term?·         Analysis of US stock performance·         Should investors look to other regions?·         The commoditisation of AI: who wins, who loses?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, our Chief Investment Officer in Asia, Prashant Bhayani shares our latest view on DeepSeek development, addressing the following questions: ■ Implications of DeepSeek on global technology sector? ■ Can global investors ignore China equities? ■ What is the upside from here?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer, dévoile ses convictions pour février 2025 Les droits de douane de TrumpImpact des tarifs douaniers sur l'économie mondialeDeepSeek bouleverse le secteur de l'IAChangement de leadership sur le marché avec les banques et l'industrie en têtePrincipales recommandations pour février 2025Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, unveils his convictions for February 2025Trump's customs dutiesImpact of tariffs on the global economyDeepSeek disrupts the AI sectorChange in market leadership with banks and industrials taking the leadKey convictions for February 2025Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edouard Desbonnets et Guy Ertz discutent des obligations d'entreprises à haut rendement en euros.Quels ont été les moteurs de leur performance en 2024 ?La performance remarquable de 2024 peut-elle se répéter en 2025 ?Quels sont les risques à venir ?Et comment se comparent-elles aux obligations euro investment grade et aux obligations américaines à haut rendement ?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edouard Desbonnets and Guy Ertz discuss euro high yield corporate bonds.What drove their performance in 2024?Can the remarkable performance of 2024 be repeated in 2025?What are the risks ahead?And how do they compare with euro investment grade and US high yield bonds?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer de BNP Paribas Wealth Management, dévoile sa stratégie d'investissement pour le mois de janvier 2025.  ·         Comment les marchés se sont-ils comportés en 2024 et quelles sont vos perspectives pour 2025 ?·         Pourquoi parlez-vous d'économie à deux vitesses ?  ·         Quelles sont les perspectives sur les taux d'intérêt directeurs des banques centrales ? ·         Qu'attendez-vous de la nouvelle présidence Trump ?. Quelle est votre opinion sur le secteur financier et les métaux précieux ?  Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his investment strategy for January 2025. ·         How did the markets perform in 2024 and what is your outlook for 2025?·         Can you explain the two-speed economy? ·         How do you expect benchmark interest rates to evolve this year?·         What do you expect from Trump 2.0?·         What is your opinion on financials and precious metals?  Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer and Guy Ertz, unveils The Investment Themes 2025.Surfing the monetary easing wave Infrastructure: the new industrial revolutionEnjoy diversification: still a “free lunch”Monetising AIHealthy longevity: the Holy GrailHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing,  Global Chief Investment Officer, Guy Ertz, Deputy Chief Investment Officer et Isabelle Enos, Responsable Stratégie Marchés dévoilent les thèmes d'investissement 2025 :Surfer sur la vague de l'assouplissement monétaireInfrastructures : la nouvelle révolution industrielleLa diversification reste toujours le maître-motMonétiser l'IA« Vieillir jeune », la révolution de la longévitéHosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, looks at investment opportunities in Europe in the current economic, market and political environment.  ·         Where are we seeing an excessive level of US retail investor optimism in the markets?·         Conversely why is there so much pessimism around the outlook for Europe?·         Which sectors do you favour on the European stock market to gain exposure to the US, in other words segments that can benefit from strength in the US without being hurt by the risk of trade tariffs?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Guy Ertz, Deputy Global CIO et Édouard Desbonnets, Senior Investment Strategist, évoquent les conséquences macroéconomiques des résultats des élections américaines : Les principaux déterminants sur un horizon de 6 à 12 mois d'un taux de change entre deux devises sont les différentiels de taux d'intérêt et de rendements attendus des classes d'actifs. Sur le long terme, le facteur déterminant est la parité de pouvoir d'achat. Elle mesure le taux de change qui égalise le prix d'un panier représentatif de biens lorsqu'il est calculé en dollars.Les résultats des élections américaines ont modifié l'environnement économique. En fonction de l'accent que le nouveau président mettra sur les mesures politiques annoncées, l'inflation pourrait à nouveau augmenter. Nous tablons désormais sur un taux d'intérêt de fin de cycle plus élevé que prévu initialement pour la banque centrale américaine, alors que le contraire est vrai pour la BCE. Nous avons revu à la hausse le rendement attendu des actions américaines pour l'année à venir. Notre anticipation pour la valeur d'un euro en dollar (EURUSD) a été revue à la hausse avec un objectif à 12 mois de 1,02. Cela suggère un potentiel d'appréciation pour l'USD par rapport à notre scénario précédent. Cette conclusion est valable pour plusieurs autres taux de change par rapport à l'USD.Pour la plupart des taux de change, le dollar reste surévalué par rapport à l'estimation de la juste valeur à long terme lorsque nous utilisons la parité d'achat. Au cours des décennies précédentes, ces écarts ont parfois duré plusieurs trimestres. Cela pourrait également être le cas cette fois.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Guy Ertz, Deputy Global CIO and Édouard Desbonnets, Senior Investment Strategist, discuss about the macroeconomic consequences of the US elections' outcome:The key determinants over a 6-to-12-month horizon for an exchange rate between two currencies are the differentials in interest rates and expected returns for assets. Over the long-term, the key determinant is the so-called purchasing power parity. It measures the exchange rate that equalizes the price of a representative basket of goods when calculated in dollars.The US election results changed the economic environment. Depending on the focus that the new President will put on the announced policy measures, inflation could rise again. We now expect a higher terminal rate for the US central bank while the opposite is true for the ECB. The expected return for US equities has been revised up for the coming year. We thus revised our outlook for the USD with a 12-month target for the EURUSD (value of one euro) at 1.02. This suggests more strength for the USD relative to our previous scenario. This conclusion is valid for several other exchange rates against the USD.For most exchange rates, the dollar remains overvalued relative to the long-term fair value estimate when we use the purchasing parity. Over previous decades, such deviations have sometimes lasted over several quarters. That could also be the case this time.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edouard Desbonnets évoque l'impact de la réélection du président Trump et du contrôle par le Parti républicain des sièges de pouvoir majeurs aux États-Unis.Le "Trump 2.0" a conduit à un dollar américain plus fort, des rendements obligataires plus élevés, une vente massive de l'or et des actions américaines plus élevées, bénéficiant particulièrement aux petites capitalisations.Les principaux moteurs sont les attentes de réductions d'impôts sur les sociétés, des déréglementations et de droits de douane plus élevés sur les importations, notamment en provenance de Chine et d'Europe.Il existe une incertitude quant à l'impact réel de ces politiques, car Trump ne prendra ses fonctions que le 20 janvier 2025, et l'administration Biden actuelle reste au pouvoir jusqu'à cette date.Les opportunités d'investissement pourraient se trouver dans les obligations d'agence américaines, les obligations d'entreprises de qualité à court terme et l'or, avec un objectif de 3 000 dollars l'once sur 12 mois.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing discusses the impact of President Trump's re-election and the Republican Party's control of major seats of power in the US.The "Trump trade 2.0" has led to a stronger US dollar, higher bond yields, a sell-off in gold, and higher US stocks, particularly benefiting US small cap stocks.The main drivers are expectations of lower corporate taxes, deregulation, and higher tariffs on imports, especially from China and Europe.There is uncertainty about the actual impact of these policies, as Trump will not take office until 20 January 2025, and the current Biden administration remains in power until then.Investment opportunities may lie in US agency bonds, short-term investment-grade corporate bonds, and gold, with a 12-month target of $3,000 an ounce.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Jeremy Fasquelle et Guy Ertz, Deputy Chief Investment Officer, échangent autour du secteur automobile européen.Pourquoi nous sommes toujours négatifs sur le secteur automobile européen ?Accélérer la transition vers des véhicules zéro émission d'ici 2035Les voitures européennes finiront-elles par revenir dans la course ?Où investir dans le secteur automobile ?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce deuxième volet, Jeremy Fasquelle et Pascal Chrobocinski, Senior Hedge Fund Advisor, échangent autour des stratégies event-driven et d'arbitrage M&A.·         Les autres types de transactions Event-Driven. Quelles sont les situations spéciales, les “Soft Events” et leurs implémentations·         Qu'en est-il  des stratégies « event-driven » sur le crédit ?·         Pourquoi avez-vous besoin d'un gestionnaire de fonds expert pour gérer ces situations de restructuration ?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce premier volet, Jeremy Fasquelle et Pascal Chrobocinski, Senior Hedge Fund Advisor, échangent autour des stratégies event-driven et d'arbitrage M&A.·          Qu'est-ce qu'une stratégie event-driven ?·         Pourquoi des inefficacités de valorisation peuvent se produire ?·         Quels sont les différents types de stratégies event-driven·         Qu'est ce que la stratégie “Merger Arbitrage” ?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this second episode, Pascal Chrobocinski, Senior Hedge Fund Advisor, and Michael Baughan, Senior Hedge Funds Specialist, at BNP Paribas Wealth Management, discuss event-driven and M&A arbitrage strategies.·         The other types or event-driven trades?·         What are the Special Situations and the Soft Events and their implementations?·         What about event-driven strategies in credit ?·         why do you need an expert fund manager to trade those restructuring situations?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the first of a two-part series, Pascal Chrobocinski, Senior Hedge Fund Advisor, and Michael Baughan, Senior Hedge Funds Specialist, at BNP Paribas Wealth Management, discuss event-driven and M&A arbitrage strategies.·         What are event-driven strategies within hedge funds?·         Why do pricing inefficiencies occur around corporate events?·         What are the different types of event-driven strategies?·         What is the M&A arbitrage strategy?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer, and Stephan Kemper, Chief Investment Strategist, from BNP Paribas Wealth Management, discuss the European automobile industry. A bumpy road:  why we are still negative on the European auto sectorAccelerating the transition towards zero-emission vehicles by 2035Will European cars eventually get back in the race?Where to invest within the auto sector?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing discusses crises and how the stock markets respond.·         Historical stock market reactions·         Why are investors scared of investing in difficult times?·         Lessons in crises·         Unexpected uncertainty vs. expected uncertaintyHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer, dévoile sa stratégie d'investissement pour octobre 2024Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer, unveils his investment strategy for October 2024.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer and Guy Ertz, Deputy Chief Investment Officer discuss recent trends in employment and unemployment, focusing on central banks roles. Unemployment dropped sharply after the 2009 financial crisis but saw a brief rise during Covid-19, followed by mutlidecade lows in 2022.Wage growth surged as unemployment hit critical low levels leading central banks to raise interest rates to control inflation.Labor Force participation remains below pre-pandemic levels, with factors like illness and early retirement affecting employment.Employment in services and construction sectors remains stable, with positive outlooks as rate cuts ease economic pressures.Central banks are expected to lower rates, supporting job growth and potentially preventing a recession, leading to a soft economic landing.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Guy Ertz, Deputy Global CIO and Édouard Desbonnets, Senior Investment Strategist, discuss about the recent rate cuts: Why the recent Fed rate cut was bigger than expectedWhat we think the Fed will do next and where the US 10-year yield might goWhich assets could benefit from the rate-cutting cycleHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Guy Ertz, Deputy Global CIO et Édouard Desbonnets, Senior Investment Strategist, discutent de la récente baisse des taux de la FED : Pourquoi la récente baisse des taux de la Fed état plus importante que prévuNos prévisions sur les prochaines décisions de la Fed et l'évolution possible du taux à 10 ansQuels actifs pourraient bénéficier du cycle de baisse des taux directeursHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Jeremy Fasquelle et Isabelle Enos, Responsable Stratégie Marchés, échangent sur les opportunités d'investissement dans l'assurance. Qu'est-ce qui détermine la rentabilité des compagnies d'assurance ?Quels facteurs expliquent la surperformance des actions du secteurCette performance va-t-elle continuer ?Les opportunités d'investissementHosted by Ausha. See ausha.co/privacy-policy for more information.

Charlotte de Kerpoisson and Edmund Shing, Chief Investment Officer of BNP Paribas Wealth Management, discuss investment opportunities in insurance. What drives profitability at insurance companies?What factors are driving stock outperformance by insurers?Will this performance continue to rise?Investment opportunitiesHosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, explains the impact of lower interest rates on financial markets.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his 3 recommandations for the Summer:  Global disinflation continues, UK, US and European central banks to cut ratesQ2 earnings season has generally been strong, particularly for our favoured Banks and Healthcare sectorsFed rate cut cycle should benefit Gold, which remains close to its all-time highHosted by Ausha. See ausha.co/privacy-policy for more information.

We are pleased to announce the update of our investment themes for the remainder of 2024, developed by our team of investment strategy experts. In a geopolitical context dominated by conflict and numerous elections, uncertainty is weighing on growth and investors remain glued to central banks ahead of further key rate cuts. To equip you to navigate this complex landscape during the second half of this year, we present four investment themes driven by long-term themes and offering attractive opportunities.Hunting for Deep Value amid an “everything” bull market. Despite strong growth in equity markets year-to-date, we have identified some cheap asset classes and regions that the patient investor may wish to consider.Bonds are back (again): the last chance to lock in high rates. Despite forthcoming rate cuts, there are still some attractive opportunities in the bond market. This theme looks at solutions for capturing still high yields over the long term.Winners in a multipolar world. Amid heightened geopolitical instability and uncertainty, this theme highlights emerging trends, sectors and countries set to benefit from this new multipolar world. Demographics & Healthcare: achieving more with less.  In the context ofageing populations, a mounting importance of wellness, and advances in Artificial Intelligence, investors could seize opportunities in healthcare via our selection of stocks and dedicated funds.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Nous avons le plaisir de vous annoncer la mise à jour de nos thèmes d'investissement pour la suite de l'année 2024, élaborée par notre équipe d'experts en stratégie d'investissement. Dans un contexte géopolitique marqué par les conflits et les nombreuses échéances électorales, les incertitudes planent sur la croissance et les yeux des investisseurs vont rester braqués sur les banques centrales dans l'attente des baisses de taux directeurs à venir. Pour vous aider à naviguer dans ce paysage complexe, nous analysons en ce début de semestre 4 thèmes d'investissement portés par des tendances fortes et qui offrent des opportunités attractives.  Deep Value : la revanche des oubliés - Malgré la forte progression notamment des marchés actions depuis le début de l'année, certaines classes d'actifs et régions bon marché offrent un potentiel significatif pour l'investisseur patient. Obligations, il est encore temps de saisir la balle au bond – En dépit des baisses de taux à venir, il subsiste des opportunités intéressantes sur le marché obligataire. Ce thème analyse les solutions permettant de capter des rendements encore élevés sur le long terme. Les gagnants dans un monde multipolaire - Dans un contexte d'instabilité et d'incertitudes géopolitiques accrues, ce thème met en évidence les tendances émergentes, les secteurs et les pays qui devraient tirer parti de ce nouveau monde multipolaire.Démographie et santé : la révolution du bien-être –  En raison du vieillissement de la population, de la place toujours plus importante accordée au bien-être et aux progrès de l'Intelligence Artificielle, bénéficiez d'opportunités dans le domaine de la santé grâce à notre sélection d'actions et de fonds dédiés.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer, unveils his market outlook for the rest of 2024. Slower US growth in prospect, but lower inflation tooEuropean economic growth rebounds on better consumptionCoordinated central bank rate-cutting cycle in viewLiquidity, financial conditions and earnings growth supports global stocksInterest rate cuts and continued buying boosts goldHigher-risk bonds such as Emerging Market sovereign bonds also perform well this yearHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global Chief Investment Officer de BNP Paribas Wealth Management, dévoile sa stratégie d'investissement pour le mois de juillet 2024.1. La vague d'inflation mondiale est-elle enfin derrière nous ? Pourquoi se modère-t-elle enfin ?2. Sommes-nous entrés dans un nouveau cycle de réduction des taux à l'échelle mondiale ?3. Les obligations bénéficieront-elles des baisses de taux après un début d'année stable ?4. Quelles autres classes d'actifs pourraient également bien résister à la baisse des taux ?5. Conclusion : les principales opportunités d'investissement aujourd'huiHosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management unveils his investment strategy for July 2024.1.      Is the global inflation wave finally behind us and why is inflation finally moderating?2.      Are we entering a new global rate-cutting cycle?3.      Will bonds benefit after a flat start to this year?4.      What other asset classes might also benefit from falling rates?5.      Conclusion: key investment opportunities todayHosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund SHING gives an update on financial market performance over the first half of 2024, both what has worked well and what has not worked so well.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Our 2024 Investment Themes Mid-Year UpdateIn this podcast, Edmund Shing, Global Chief Investment Officer and Guy Ertz, Deputy Chief Investment Officer, unveil the mid-year update of their 2024 Investment Themes. Appealing deep value opportunities amid a bull market. Despite strong gains in equity and other asset markets both in 2023 and this year to date, cheap asset classes and regions offers extremely attractive opportunities for the patient investor.Bonds are back (again): the last chance to lock in high rates. Amid a growing choice of attractive income opportunities, benefit from real bond yields, diversified infrastructure funds/ETFs and structured products based on corporate credit.Winners in a multipolar world. In a context of greater geopolitical instability and uncertainty, identify the emerging trends, sectors and countries that stand to benefit in the new multipolar world.Demographics and Healthcare: achieving more with less. In a context of ageing populations and a post-COVID awareness of wellness and AI innovation in the healthcare sector, benefit from opportunities via our selection of equities and funds. Hosted by Ausha. See ausha.co/privacy-policy for more information.