
2023 Investment Outlook - Some light for investors after the...
2023 will be a two-speed year, with plenty of risks to watch out for.
Read moreUnderstanding the outcome of the May FOMC meeting and its market and implications
More 5 to 10 minutesNowadays, US value trades at its steepest discount to growth since 1999. However, declining Covid-19 cases, a broad-based economic recovery, prospects of higher interest rates as we progress out of the pandemic, and the return of persistent inflation pressures should help close the valuation gap between growth and value stocks.
More 5 to 10 minutesWe believe now may be the best time in recent history to invest with an active approach in US equities. Passive indices outperformed active managers in recent years as US equity markets became more concentrated and dispersion declined: concentration in the five largest stocks in the S&P 500 had been increasing since 2013 and it peaked at 24% in 2020, when Alphabet, Amazon, Apple, Facebook and Microsoft benefited from a stay-athome environment in which people increasingly used technology to communicate, shop and work.
More > 10 minutesThe rotation towards value is a key theme of our 2021 investment outlook.
More > 10 minutesThe outperformance of growth stocks over value stocks has reached record levels, as has the valuation gap.
More < 5 minutesUS presidential election outcome: Joe Biden has enjoyed a remarkably stable lead in the national polls this year.
More < 5 minutesThe US economy has entered a recession, induced by the social distancing and quarantining measures introduced to tackle the pandemic crisis.
More < 5 minutesUncertainty surrounding the magnitude and duration of the global health crisis is driving volatility and testing liquidity across the world’s financial markets.
More < 5 minutes2019 proved a strong year for US assets, with US equity markets recording the strongest annual total return since 2013 and the US aggregate bond index up almost 9.0%. In addition, the past decade proved the best ever for the S&P 500 index, which returned 256% overall, well above its historical average.
More > 10 minutesThis website is solely for informational purposes.
This website does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service. Any securities, products, or services referenced may not be registered for sale with the relevant authority in your jurisdiction and may not be regulated or supervised by any governmental or similar authority in your jurisdiction.
Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any investment or security or to engage in any investment strategy or transaction. There is no guarantee that any targeted performance or forecast will be achieved.
Professional investors are Professional investors of the European Union, as defined as in European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments(MIFID) to investment services providers and any other professional of the financial industry,and as the case may be in each local regulation, and, as far as the offering in Switzerland is concerned, a Qualified Investor within the meaning of the provisions of the Swiss CollectiveInvestment Schemes Act of 23 June 2006 (CISA), the Swiss Collective Investment SchemesOrdinance of 22 November 2006 (CISO) and the FINMA’s Circular 08/8 on Public Advertising under the Collective Investment Schemes legislation of 20 November 2008
European Directive 2004/39/EC dated 21 April 2004 on markets in financial instruments (MIFID)
Private customers or retail investors, or to investors who do not comply with the definition of qualified investors as defined in the applicable legislation and regulation
as defined in the US Securities Act of 1933
You may print a copy of any page for personal or non-commercial purposes provided that you do not remove any copyright notices or any Amundi trademarks or logos, or change any content. Except for a purpose or a use permitted by statute, or with the prior written consent of Amundi you must not copy, modify, sell, distribute, adapt, publish, frame, reproduce,translate, distribute to any third person or entity in any country or jurisdiction which would subject Amundi or any of its products, to any registration requirements within these jurisdictions or where it might be considered as unlawful or otherwise use any of the information contained in this website or any material or Amundi trademarks or logos on the website.