Latest MAC Monitor Commentary

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended January 15, 2021
Italian risk premium rises after cabinet resignations; Dollar strengthens on safe-haven flows; Portfolio risk falls, as share prices and exchange rates decouple.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended January 8, 2021
Treasury yields surge ahead of expected fiscal stimulus; Regional sovereign bonds diverge on inflation outlook; Increased diversification mutes portfolio risk.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended December 31, 2020
Sovereign yields rise as optimism increases; Pound surges on last-minute Brexit deal; Portfolio risk drops further, but remains above pre-crisis levels.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended December 11, 2020
Eurozone yields drop as ECB expands bond buying; Sterling slumps after last-minute Brexit talks fail; Portfolio risk drops on lower equity and FX volatility

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended December 4, 2020
US Treasury curve steepens over inflation concerns; Dollar depreciates further, as equities reach record highs; Equity volatility keeps falling, but correlations remain stable.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended November 27, 2020
Credit risk premia fall as US election results are certified; Dollar weakens as risk appetites rise; Continued decline in equity volatility further blunts portfolio risk.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended November 20, 2020
Sovereign yields fall, as investors confront downside risks; Pound rises alongside UK share prices; Portfolio risk dips on lower equity risk.

Analytics | Portfolio Risk Management
Multi-Asset Class Risk Monitor Highlights | Week Ended November 13, 2020
Investors ditch safe-haven assets on vaccine news; As risk appetites return, yen and franc drop; Increased diversification lowers portfolio risk.

Analytics | Portfolio Construction
Multi-Asset Class Risk Monitor Highlights | Week Ended November 6, 2020
Government yields see-saw amid election turbulence; Dollar falls, as risk appetites return; Portfolio risk surges, as global equity correlation intensifies.

Analytics | Portfolio Construction
Multi-Asset Class Risk Monitor Highlights | Week Ended October 30, 2020
Bund yields drop as lockdowns expand; Euro dips as interest-rate differential widens; Portfolio risk surges on higher equity volatility.

Analytics | Portfolio Construction
Multi-Asset Class Risk Monitor Highlights | Week Ended October 23, 2020
Treasury yields surge further, lifted by stimulus hopes; Pound strengthens over Brexit progress; Portfolio risk drops, as equity volatility and exchange-rate interaction fall.

Analytics | Portfolio Construction
Multi-Asset Class Risk Monitor Highlights | Week Ended October 16, 2020
European yields drop, as new infections accelerate; Gilt curve flattens over Brexit and negative rate concerns; Portfolio risk changes little, as less negative correlation offsets lower equity volatility.