Oil and its repercussions

Oil and its repercussions

Strong demand...  Recent events have reminded investors of the fragility of many  countries that belies their appearance. At the time of the emerging markets' correction in the early weeks of December 2014, the JPMorgan emerging markets sovereign debt index in dollars fell by ...

What next for Chinese banks?

What next for Chinese banks?

Over the last three months we have seen a surge in share prices in China, in a sector known for its poor fundamentals – the financial sector. Performance of Chinese banks   Source: Bloomberg The poor quality of this sector is largely due to the presence of non performing ...

Investment Strategy for 2015

Investment Strategy for 2015

In my article on the investment strategy for 2014, I wrote that it was important to differentiate between the structural framework and the short-term environment. Another way of looking at this is to say that you should distinguish between the economy and the markets . Growth problem ...

The Swiss Surprise

The Swiss Surprise

Some thoughts about the Swiss National Bank's decision to abandon the EUR/CHF currency ceiling: 1. Clearly, the decision of the Swiss National Bank (SNB) does not indicate great confidence in the prospects for the euro . Abandoning the ceiling of 1 euro for 1.20 Swiss francs also suggests ...

From the peso oro to the maquiladoras

From the peso oro to the maquiladoras

Historically, until the 19th century, the Spanish dollar, the forerunner of the Mexican peso, was used in a number of regions around the world. The "Mexican peso" was legal tender in the United States until the Coinage Act of 1857. Today, the country once known ...

Quo vadis bonds?

Quo vadis bonds?

Is the yield of 0.75% p.a. on the 10-year Bund economically rational or a speculative bubble? Investors who bet on bonds at the start of 2014 will look back on the year with satisfaction: All bond markets enjoyed a remarkably positive performance up to 30 November. This performance ...

No miracle solution

No miracle solution

Through their actions, the central banks are making life hard for savers who are not prepared to take risks and who traditionally favour money-market investments rather than term deposits or savings accounts. The yield offered by these investments is now close to zero . Some banks are even considering ...

Glass half full or glass half empty

Glass half full or glass half empty

How should we view the stock markets at the moment – optimistically (glass half full) or pessimistically (glass half empty)? Glass half empty The stock market rise over the last two years has not been supported by an increase in company earnings. In Europe, these have even fallen, which ...

Competitive Advantage - Inherent to “Business-Like Investing”

Competitive Advantage - Inherent to “Business-Like Investing”

Taking the definition from Wikipedia, a competitive advantage occurs when an organisation acquires or develops an attribute or combination of attributes that allows it to outperform its competitors. In 1980, Michael Porter identified five competitive forces that shape every industry and ...

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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