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Inflation-Linked Bonds for Inflationary Periods?

Inflation-linked bonds are considered inflation-hedges. However, these have lost almost as much as plain-vanilla bonds in 2022. The sensitivity to interest rates matters more than that to inflation.
FactorResearch Nicolas
Nicolas Rabener @ FactorResearch 22 September 2022

US Dollar is still on its perch as the dominant reserves and trade currency

SCO group, which includes China, India, and Russia, state intention to shift mutual trade payments away from US dollar. Sounds dramatic, but mutual trade amongst these three countries amounts to merely 1.2% of global trade. Dollar share of global cur...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 19 September 2022
US Dollar is still on its perch as the dominant reserves and trade currency
US Dollar is still on its perch as the dominant reserves and trade currency

IN : Strategy - InCred Investor Conference - Highlights

At our maiden conference ‘InCredible Conversations-2022’, we hosted 43 corporate/expert meetings over two days, with 234 clients participating in it. Discussions were predominantly around short-term demand trend, pricing scenario, capacity challenge....
CGS-CIMB Pramod
Pramod Amthe @ CGS-CIMB 15 September 2022

IN : Auto & Parts - Overall - InCred Conference- Maruti, M&M takeaways

We hosted Maruti and M&M from the sector, where car demand looks exciting with new products driving a long waiting period while supply challenges ease. Capacity is a challenge in the short term, as company managements gear up for >100% utiliz....
CGS-CIMB Pramod
Pramod Amthe @ CGS-CIMB 15 September 2022

Sector vs Factor-based Benchmark Selection

Manager-selected benchmarks are suboptimal as they are not free of conflict of interests. Investors can use sectors to identify more appropriate benchmarks. However, this ignores factors, which are better at explaining investment returns.
FactorResearch Nicolas
Nicolas Rabener @ FactorResearch 14 September 2022
Weekend Reading / Global

The US dollar dagger for emerging markets

USD is expensive but its continued appreciation is a major headwind for local currency assets in emerging markets. There's some protection in EMs where the REER is below the historical average and the real interest rate is positive. Brazil exhibits b...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 10 September 2022
The US dollar dagger for emerging markets
The US dollar dagger for emerging markets