Downlaod PDF: Monthly_202003 Blame it on the COVID-19 Global bond investors have largely benefitted from the COVID-19 scare this year amid plunging global yields led by the U.S. Treasury. The budding signs of reflation beginning late last year have largely dissipated and investors have been running to safe haven assets, with gold price increasing almostContinue reading “Monthly March 2020: COVID-19 and The Bait and Switch in Global Equity”
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Musings on Commodity Prices, Inflation Turnaround and Cycle Turning Point
Download PDF: Monthly_201911 The structural backdrop of excess global savings, lackluster global consumption and investment demand and deleveraging cycle have all push bond yields lower. Meanwhile, the slack in manufacturing activity since 2014, magnified by the trade war, has push commodity prices in real terms to a level equal to those in 2001. Subjectively, itContinue reading “Musings on Commodity Prices, Inflation Turnaround and Cycle Turning Point”
VIX-Based Hedging Strategy for Emerging Markets Equity Portfolio
Download PDF: EM_VIX_Hedging_strategy EM equities’ superior returns relative to its DM counterparts have been associated with higher volatility and left-tail risk. Rule-based portfolio hedging reduces the severity of tail-risk and performance drag while improving EM portfolio’s risk-return profile over the long run. Currently EM VIX spread over S&P500 VIX is at an all time low,Continue reading “VIX-Based Hedging Strategy for Emerging Markets Equity Portfolio”
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