Here are the seven featured research reports of this week. We accumulated reports with a broad range of interests. NIRP, behavioural finance, China, FX, Endowments and portfolio construction. This and much more can be found on OpinioPro.
- In “Is your portfolio ready for turbulence?” Blackrock is making a case for strategies that manage downside volatility. Even at the cost of giving up some gains (less upside in up markets), they have historically been additive.
- Is it time to revisit Chinese stocks?. Source is noticing that “there currently seems little enthusiasm for Chinese stocks among either foreign or domestic investors…”. But maybe this signals a buying opportunity?
- Research Affiliates explains why “negative rates are dangerous to your wealth”. Because starting yields predict future investment returns, hence negative real interest rates predict negative real returns.
- Do you need an update on Behavioural finance? In “from behavioural bias to rational investing” Northern Trust take a look at some biases that can meaningfully affect investment outcomes. But also the counter measures to mitigate these effects are covered.
- AXA is making it pretty clear: “Short euro and yen: we shall not surrender”. They note that Euro and yen keep appreciating against the US$ but they (still) believe this trend will reverse because of monetary and fundamental divergences.
- This is a nice phrase to start an annual report: “With annual net ten-year investment returns of 10.0%, the Endowment’s performance exceeded its benchmark and outpaced institutional fund indices”. Read all about it in The Yale Endowment 2015
- Deutsche Asset Management is taking a look at Negative interest rates and the Economic consequences and side effects in their April CIO View.