Situation on the stock markets

Situation on the stock markets

Since their recent record highs, the stock markets of developed countries have lost around 16% in euros. For emerging markets, the slump is closer to 30%. The slowdown in the Chinese economy and the Chinese authorities’ decision to devalue their currency are considered to be the main drivers of ...

Gold and our positioning

Gold and our positioning

Review of the gold market In the second quarter, the gold price was at its lowest since the first quarter of 2010 , averaging USD 1,194 per ounce. Since the end of June, it has fallen a further 7%. Various signs point towards a sell-out on the gold market : on the New York futures ...

Greece and China et cetera: update on our investment strategy

Greece and China et cetera: update on our investment strategy

After rising sharply in the first quarter of 2015, most equity markets fell back slightly in April . The surge in bond yields, the prospect of a tighter monetary policy in the United States, and uncertainties over the future of Greece as well as economic growth in China all contributed to investors' ...

The relative attraction of domestic debt: Turkey provides an illustration

The relative attraction of domestic debt: Turkey provides an illustration

Zero returns in the eurozone Any investor with a portfolio of fixed-income securities might reasonably wonder whether it would be a wise move to invest in securities denominated in a different currency. This would be especially useful if it could help generate higher yields. The case in point ...

BL-Global Flexible in images

BL-Global Flexible in images

Link to a presentation of the investment strategy of BL-Global Flexible as of May, 2015.

Strong Dollar or weak Euro?

Strong Dollar or weak Euro?

Within the space of a year, the US dollar has risen against the euro from around 1.38 USD/EUR to 1.12 USD/EUR: Source: Bloomberg That is an increase of over 20% . The currency effect alone therefore made investments in USD an attractive prospect for euro investors. ...

Investing in Japan – An Emerging Interest in Corporate Governance

Investing in Japan – An Emerging Interest in Corporate Governance

On March 13th Fanuc, the world’s largest manufacturer of industrial robots, took the market by surprise after announcing that it was moving to increase shareholder returns and intended to set up an investor relations department in an effort to start communicating with shareholders. While it ...

Africa ratchets up its debt again

Africa ratchets up its debt again

Unsustainable debt In the wake of various crises in developing countries, certain key development principles established in the 1980s have been seriously challenged, foremost being the Washington Consensus (WC) . Governments ...

From Third World to Frontier Markets

From Third World to Frontier Markets

As a credit analyst, one of my first experiences in emerging markets was the Argentinian debt crisis that began in 2001. I had only just started in the business when I had to get to grips with what would turn out to be the biggest default in financial history. One thing was for sure: investors ...

About. The BLI blog features regular analyses and our points of view on the latest economic trends and developments on the financial markets.

OUR METHODOLOGY

BLI's investment management methodology consists of three steps: strategic asset allocation, tactical asset allocation and securities selection.

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