6 min readIn recent years, we have seen an increasing number of asset owners and managers integrating ESG research into their investment decision making. Aside from driving capital towards sustainable companies, ESG analysis enables a more wholistic understanding of the risks associated with an investment opportunity. As discussed in the first installation of this series, ‘It’s Not…
2 min readThe Federal Reserve met this week to review its current stance on monetary policy and updated its Summary of Economic Projections for Q1 2021. While the Fed was encouraged by the addition of 379,000 jobs to non-farm payrolls in February and a decline in the unemployment rate to 6.2%, they also acknowledged that “the path…
2 min readThe minutes from the FOMC’s January meeting were released yesterday, revealing that the Fed believes that keeping interest rates low and continuing asset purchases are necessary to support the economic recovery. The Fed indicated that December’s $900B stimulus package, the prospect of a new round of stimulus and the continued distribution of the COVID-19 vaccines…
18 min readWe identify three themes to watch for cash investors each year. For 2021, we focus on vaccines, ESG and LIBOR replacement. DOWNLOAD FULL REPORT Introduction At the start of each year, we typically name three broad themes that we think will have the greatest potential impact on the short-term debt markets. Our 2020 picks posed…
1 min readIn this webcast, Lance Pan defines ESG, discusses how to apply ESG to fixed income and cash investments, and outlines how you can select an ESG provider. Watch the webcast: Click the above webcast link for episode 3 of Credit Update. Hosted by Capital Advisors Group’s Director of Investment Research and Strategy, Lance Pan. Topics…
2 min readAfter experiencing the most tumultuous year on record, the major stock indices finished 2020 in a strong manner. On the last day of December, the S&P 500 logged its 14th record close of 2020 while the Nasdaq just missed its 56th record close by approximately 10 points. For the year, the DJIA rose 7.2%, the…
2 min readThe Federal Reserve held its last meeting of the year this week and to no one’s surprise, it left the overnight lending rate unchanged at the 0.00% to 0.25% range. As it wraps up a tumultuous 2020 and looks forward to the new year, the Fed is focused on supporting “the U.S. economy in this…
2 min readVaccine Progress Earlier this month, Pfizer and BioNTech announced that their COVID-19 vaccine proved to be more than 90% effective in early trial results, while Moderna reported that its version is 95% effective in protecting patients from the virus. Fed Chair Jerome Powell spoke with Bank of England governor Andrew Bailey and European Central Bank…
5 min readThe 2020 election was an arduous and, in some ways, incredible process, with the unprecedented number of mail-in ballots resulting in record turnout, but also a significant delay in announcing the winner. Nevertheless, we know that Joe Biden will be the next President of the United States come January. In all likelihood he will face…
2 min readA Momentous Week All eyes are on the United States as Election Day finally arrives and a bitterly contentious campaign cycle draws to a close. An estimated 100 million early votes were cast in advance of Election Day and the country appears to be heading for a record presidential election turnout. The focus now shifts…