GAA DM Equity Country Allocation Model Update The GAA DM Equity Country Allocation model is updated as of August 31, 2020. The country allocation model still favors the US as its largest overweight. Despite Japan’s…
For all the quibbles with occasionally large subsequent revisions, head-scratching seasonal adjustments and the accuracy of the birth-death model attempting to estimate the effects of business openings and closures, the monthly…
BCA Research has long taken the view that, while valuation is not a good timing tool for equities, it is a good indicator of the long-term returns that investors can expect. BCA’s Global Composite Equity Valuation Indicator…
One of the key indicators that BCA Research's Emerging Markets Strategy service follows – the Risk-On/Risk-Off (Safe-Haven) Currency indicator – has been dropping, but EM share prices have been advancing.…
Highlights Scarce Yield: The correlation of relative global government bond returns and yield levels is becoming more positive. The trend should continue if central bankers across the developed world stick to their promises to maintain…
GAA DM Equity Country Allocation Model Update The GAA DM Equity Country Allocation model is updated as of July 31, 2020. The model has not made any meaningful adjustment to the top overweight countries with the top four remaining…
Highlights The tech sector faces mounting domestic political and geopolitical risks. We fully expected stimulus hiccups but believe they will give way to large new fiscal support, given that COVID-19 is weighing on consumer confidence…
Highlights The EU’s €750 billion fiscal package, along with another round of US stimulus likely exceeding $1 trillion, will support global oil demand. On the supply side, OPEC 2.0’s production discipline likely holds,…
Highlights Q2/2020 Performance Breakdown: Our recommended model bond portfolio outperformed the custom benchmark by +11bps during the second quarter of the year. Winners & Losers: The government bond side of the portfolio…