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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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”
April 2019: Is the Recession in Front or Behind Us?
Download PDF: March19_PC It is tempting to argue that we are currently experiencing the “manufacturing recession”, similar to the “commodity recession” we experienced back in 2011-2012 and 2014-2015. All the data is supporting the thesis that we did have a recession in 2018, albeit a mild one: 1) industrial production and manufacturing PMI weakens inContinue reading “April 2019: Is the Recession in Front or Behind Us?”
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