Jorgen Kjaersgaard (pictured) is head of Global Credit at AllianceBernstein. As the European Central Bank (ECB) tapers its quantitative easing (QE) programme from €60bn to €30bn a month, the volume of corporate bonds it buys under its Corporate Sector Purchase Programme (CSPP) is expected to remain largely unchanged. Challenges associated with the ECB’s government bond-buying […]
De economische omstandigheden zijn in zeker tien jaar niet zo gunstig geweest als nu. Sinds eind vorig jaar is de mondiale groei aan het versnellen, na bijna twee jaar waarin het momentum was afgenomen. In zekere zin heeft de combinatie van een sterkere winstgroei, een toenemend ondernemersvertrouwen en hogere investeringen de groei opgestuwd tot aan […]
Fund managers responded positive to Donald Trump’s nomination of Jerome Powell as chair of the Federal Reserve. Trump announced the nomination of Powell, who has been a serving Fed governor since 2012, on Thursday. Subject to Senate approval, Powell could take on the role as new chair of the Fed per 3 February 2018. According […]
Blanca König, CFA and director of the product strategy team covering iShares within BlackRock’s fixed income portfolio management group, will address the tapering effect during the Pension Fund Forum to be held in Zürich on 15 May.
Plamen Monovski, CIO at RenAsset Management, will discuss tapering at the Pension Fund forum to be held in Zurich on 15 May.
Importantly the tapering announcement included a pledge to maintain interest rates at their present level, stresses Dan Harlow, deputy manager of the AXA Framlington American Growth fund.
Outgoing US Federal Reserve’s chairman Ben Bernanke has announced that the US government will start cutting its bond-purchasing programme by $10bn in January.
The odds of a December taper have gone up, according to Russ Koesterich, BlackRock’s Global Chief Investment Strategist.
The Fed’s delay in September shows they want more confirmation that US economic momentum is firm before altering US monetary policy, according to Sara Yates, Vice President and Global FX Strategist at JP Morgan Private Bank.
Investors should not get too caught up in the whims of the Fed, according to Michael Hasenstab, co-director of Franklin Templeton’s International Bond Department and portfolio manager.
Marcus Svedberg,chief economist at East Capital, has reviewed the impact of the US Federal Reserve’s tapering activities on current accounts of emerging markets, but also the factors that could determine which ones do better going forward.
Michael Hasenstab, co-director of Franklin Templeton’s International Bond Department compares tapering of QE by the US Federal Reserve to turning off the tap, but not draining the swimming pool of liquidity.