How to adapt and respond to choppy waters
Fast reading In May, Moody’s stripped the US of its triple-A credit rating, leaving the world’s largest economy without a top rating for the first time in over a century. The volatile market conditions support the case for a flexible and dynamic multi-asset credit investment approach. An unconstrained strategy has the ability to adapt to […]
Quant Investing: Eine neue Sichtweise
Kurz gefasst MDT Advisers, der aktive quantitative Aktienarm von Federated Hermes, nutzt maschinelles Lernen, um signifikante Datenmengen zu analysieren und unvoreingenommen eine Vielzahl von Aktienchancen zu identifizieren. Das Anlageteam entwickelt und überwacht die verschiedenen Instrumente des Anlageprozesses und sucht ständig nach Möglichkeiten, diese zu verbessern. Der gesamte Ansatz ist transparent und die Gründe hinter jeder […]
Introducing the new QESG 3.0: The next generation
Fast reading The broader philosophy of the score remains the same, in that it remains vital to avoid the worst companies and identify those that are changing for the better. However, the availability of better and more granular data sources has enabled improvements in several key areas. QESG 3.0 builds on our pioneering ESG research […]
US-China trade talks at a turning point?
market snapshot
MDT: Entscheidungsbäume für mehr Transparenz
Kurz gefasst Beim quantitativen Investieren werden in der Regel riesige Datenmengen durchforstet, um Anlagemöglichkeiten zu finden. Der Einsatz von „Entscheidungsbäumen“ bei MDT erhöht die Transparenz und verhindert, dass die Entscheidungsfindung zu einer datengesteuerten „Black Box“ wird. Das Team setzt empfohlene Trades außer Kraft, wenn es zu dem Schluss kommt, dass die Modelle nicht alle […]
Credit investors threatened with tax hike on US income
Fast reading The US is weighing up legislation that could see foreign investors hit with a tax hike. In the event that section 899 is triggered, entities from “discriminatory foreign countries” would be hit by a tax increase on US income of up to 20%. The proposal raises the possibility of a slowdown in foreign […]
South Korea’s new dawn
market snapshot
Fed may do little in this push-me-pull-you market
It’s become a cliché but bond markets remained volatile in May, with investors ultimately discounting the latest tariff tantrums and re-embracing risk. US Treasury yields spiked once again as the federal budget and deficit took centre court, but this time other forms of fixed income investment (asset-backed, corporate, international and municipals) benefitted by comparison to […]
Equitorial: ESG is here to stay – and we’re better for it
Fast reading We first started researching environmental, social, and governance (ESG) factors in 2007, with the aim of establishing whether there was a relationship between ESG and performance. The first link was established in 2014, where our seminal research paper demonstrated that governance was additive to returns. Subsequent research over the intervening period established the […]
The answer is, ‚No‘
This is one of those instances when it is best to be direct. As soon as the news hit about Moody’s recent downgrade of the US credit rating, we knew cash managers would be fielding questions about its impact on US money market funds. There are no ramifications: the rating agency has affirmed its Aaa-mf […]
