Europe has been severely hit by the second coronavirus wave, which has led to new lockdown measures across the continent, with a sustained negative impact on sectors such as transportation, hospitality, and tourism. In the US, election polls strongly favour a Biden victory. We believe the impact of a blue wave would be positive for China and negative for the USD as Democrats would print a record amount of money, while the Tech sector would be facing potential headwinds on the back of further taxes and potential anti-trust legislation. China’s economy continues its recovery amid rising consumer confidence, while manufacturing and non-manufacturing Purchasing Managers’ Indices (PMIs) are in expansion territory (above 50). China’s fifth plenum, the country’s five-year planning summit led by President Xi Jinping, stressed the importance of sustainable growth and the development of the Tech sector and domestic market.

Futures and Exchange-Traded Funds (ETFs) are two popular instruments to get exposure to equity indices. In this podcast, we hear about the key differences from portfolio manager Alexandre Riteau.

USD: Long-term bearish trend - The currency market is at an inflection point. Major upcoming events and risks may reset the relative levels of currencies going forward: the US elections, the second wave of the pandemic, the US and China’s on-going economic trade war and Brexit. In our currency valuation analysis we don’t aim to predict currency as we know currencies follow a random path, yet we can witness their secular (long-term) trends and dynamics. Our goal is to explain currency drivers and their trends set by fundamental economic data which can, however, be disrupted by geopolitical events.

Futures and Exchange-Traded Funds (ETFs) are two popular instruments to get exposure to equity indices. In this paper, we look at the key differences.

The Bond Income Portfolio is ESG Friendly! SystematicEdge’s Bond Income Portfolio follows an ESG friendly investment approach