Salman Ahmed - Chief Investment Strategist - Lombard Odier
We believe that emerging markets are on solid footing and that current market valuations provide a substantial cushion against risks such as an unexpectedly abrupt tightening of monetary policy in the US.
That said, emerging markets are a collection of very diverse economies; it follows that the impact of various risk scenarios will vary significantly from country to country. For us this means the approach to investing in the asset class has never been more critical.
Constructing a portfolio according to fundamentals rather than market cap can help to focus on quality issuers while reducing the reliance on trading. This latter point is especially important given the impaired liquidity environment.
Maxime Perrin, Analyste Sénior et Client Portfolio Manager,
Lors cette webconférence, Maxime Perrin, Analyste Sénior et Client Portfolio Manager, fera un point de gestion des différents portefeuilles en obligations convertibles de Lombard Odier IM et donnera ses perspectives trimestrielles.
Didier Rabattu, Head of equities at Lombard Odier IM
Didier Rabattu, Head of Global equities at Lombard Odier IM, will discuss recent events in European and emerging markets and explain why he believes these equities currently present a long-term value opportunity but that investors must carefully consider what investment approach is most appropriate to capture it.
Amid a busy political agenda across Europe, high valuations and an historically-extended business cycle, we believe investors face an avalanche of information and noise but very little genuine advice on what is in their best interests.
On Monday 8th May, Salman Ahmed, Chief Investment Strategist, will host a webinar to discuss the implications of the final result of the French election and the wider geopolitical and macroeconomic landscape, focusing on European equities.
We believe there is real value on offer in Europe, but we also believe that deep uncertainty about the political environment and the global business cycle makes it sensible to invest, with high conviction, in the one thing that we think never really changes: what some call “quality”.
Joseph M. Foster, Lead Portfolio Manager of the LO Funds–World Gold Expertise
The world has changed – sustained low global growth, negative interest rates, potential US rate hikes and geopolitical risks are just some of the reasons why volatility has risen in financial markets.
Gold, the world’s oldest asset class, out of vogue for quite some time, has been a beneficiary of this uncertain environment. The price of gold has rallied strongly in recent months and, once again, the yellow metal is performing as a hedge against generalised financial uncertainty.
Maxime Perrin, Product Specialist and Senior Analyst – Convertible bonds
In turbulent times, convertible bonds can benefit from rising equity volatility as proven by their strong performance history at times of
rising interest rates. Over the next six months, we also believe the multiple sources of returns provided by high yield convertible bonds should continue to prove very attractive. Our High Yield Convertible Bond strategy can provide a solution for investors hunting for yield yet wanting substantially better credit quality than high yield indices.
During this webinar, Maxime Perrin, Senior Analyst and Product Specialist of Lombard Odier IM’s convertible bonds team, will deliver the portfolios’ quarterly review and discuss how high yield convertible bonds can provide diversification away from the usual high yield risk.
Dr. Gregor Gawron, Head of Insurance Linked Strategies
Insurance Linked Securities are an attractive asset class for investors in today’s market environment. In a portfolio of traditional assets these securities are regarded as good diversifiers. Lombard Odier IM has an experienced ILS team who has been investing in this area for more than 10 years. This expertise will be available mid-February 2016 through a UCITS vehicle investing in Catastrophe Bonds (CAT Bonds), one of the main types of ILS.
Nous pensons qu’une approche obligataire basée sur les fondamentaux des pays émergents peut générer des performances intéressantes dans l’environnement actuel.
Lors de cette webconférence, nous aborderons les points suivants :
Que penser de la trajectoire des marchés boursiers émergents ? Synthèse de nos vues macroéconomiques
Une gestion différente de la dette émergente s’impose – une approche basée sur l’analyse des fondamentaux peut faire la différence
We believe it’s time to reconsider your exposure to emerging markets. On this webinar we will discuss:
The impact of divergence in emerging markets
o Why recognising the increasing structural differentiation between each EM country and their different rates of real economic growth, inflation and budget balance dynamics is ever more important when investing in EM.
Opportunities for growth and yield?
o Emerging market fixed income offers an appealing yield-to maturity as interest rates in advanced economies are likely to remain low for longer in a world of global disinflation/deflation.
Impact of emerging market currencies have falling to multi year lows?
o Are there are opportunities appearing to benefit from this and should you be accessing EM in local or hard currency?
o Harnessing fundamentals to build fixed income portfolios in order to generate more efficient exposure to market beta in a world of lower liquidity, increased herding and central bank domination