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Assessing Valuations in India's Stock Market
When considering the prospects for India's stock market in the coming year, the primary determinants of performance at an aggregate level are the outlook for growth and underlying valuations. Assuming India's central government remains stable, the outlook for growth continues to improve. Given sustained low consumer price inflation and a reversal in oil prices, it is likely that the central
Amazon Cancels Plans to Build a Headquarters in NYC
Three months after it tapped Northern Virginia and New York City as the locations for its second headquarters, Amazon has announced that it is canceling its plans for the Big Apple in response to vociferous opposition from local political and community leaders. After the e-commerce giant announced plans in 2017 to open a second massive headquarters - dubbed HQ2 -
Good Things Come to Those Who Are Patient
In the World Markets bounced back from December’s steep sell-off, embodying the old adage that good things come to those who wait. A dovish pivot by the Federal Reserve – with a focus on “patience” in Fed officials’ comments as well as the official statement in January – combined with optimism over U.S-China trade negotiations bolstered investor sentiment and contributed
Do Convertible Securities Have a Role to Play in 2019?
Last week, a well-known, large US-based asset management firm decided to close its convertible securities fund, citing the fund’s inability to “gain broad acceptance” among some investors and, as part of a review of its products and offerings, “eliminating funds that lack a distinct role.” Following this announcement, the Invesco Convertible Securities Team has fielded several questions about our view
4 Questions That Entrepreneurs Must Ask Themselves
Every entrepreneur knows that as soon as you’ve cleared a hurdle and are celebrating a success, a new challenge arises. My good friend and Okta CFO Bill Losch sounds like a broken record every January when he tells me: “Freddy, now this is going to be our most important year yet.” He’s right, and he reinforces a message I’ve shared
Understanding the Brexit Quandary
While investors should be cognizant of the complexities and risks around Brexit, they should be just as aware of the opportunities in select U.K.-based businesses. How should an investor position for Brexit? As the end-March deadline approaches for the U.K. to leave the European Union with or without a “withdrawal agreement,” markets have been increasingly on edge. There doesn’t seem
Financial Stability in Abnormal Times
Despite improvements in the financial system since the 2008 crisis, the piecemeal reforms that have been enacted fall far short of what is needed. And an inexorably growing financial system, combined with an increasingly toxic political environment, means that the next major financial crisis may come sooner than you think. CAMBRIDGE – A decade on from the 2008 global financial
Will the China Bulls Turn Out for the Year of the Pig?
Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail. That figure is a slight rise from the same period last year, despite slowing economic growth prompted by trade tensions with the U.S. and a strengthening
The Long View: Debt and Demographics
DOUG PEEBLES I’m very excited to be here actually to discuss this, because we do oftentimes spend so much time talking about the short term. Since the financial crisis of 2008, we’ve also spent a lot of time talking about these longer-term, thematic trends that I find fascinating, and the key I think to helping our clients make money is,
Wait, is SoftBank's Vision Fund Really Running Out of Money?
Perhaps we now know the real reason why the biggest outside investors in SoftBank's Vision Fund opposed taking a massive stake in co-working startup WeWork. Two years after its started its behemoth $100-billion fund to invest big in the global tech sector, SoftBank has already burned through half of its money, the Wall Street Journal reports, citing company filings. The