Kenniscentrum

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• May

  8

  2013

  April 2013 Monthly Market Commentary

  Japan hit the headlines by announcing dramatic quantitative easing initiatives. Global equity and fixed income markets both experienced gains, although equities maintained their edge. The appetite for risk continued within fixed income, favouring emerging market debt and high yield bonds.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Apr

  30

  2013

  Annual Market Commentary to 31 March 2013

  At this stage of the market cycle, we expect stock markets to rally on good economic news, even if bond prices react negatively. Of course, there is enough political and economic uncertainty in the world that it is difficult to make sweeping generalisations even within asset classes. We have been neutral on the bond/stock call in the short-term, but expect equities to be the better-performing asset over the next five-to-10 years.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Apr

  10

  2013

  First Quarter 2013 Market Commentary

  After an optimistic January, the mood in February and March was more downcast. Global equity markets held up well amidst the bad news in the quarter and outperformed the fixed income market. Risk appetite was apparent in the global fixed income markets and high yield bonds performed well.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Mar

  6

  2013

  February 2013 Monthly Commentary

  After an optimistic January, the mood in February was more downcast. Major central banks remained accommodative in an effort to help stimulate growth. Global financial markets declined marginally. Risk appetite in fixed income markets continued to expand, while demand for risk within equities was more muted.

  [... More]
  Article Types:Knowledge Center,Audience:Client,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Feb

  13

  2013

  January 2013 Monthly Commentary

  2012 ended on a positive note and this sentiment extended into and throughout January. Major central banks remained accommodative in an effort to help stimulate growth. Global equities experienced respectable gains for the month as investor sentiment remained buoyed, while global bonds declined marginally. Risk appetite in the financial markets was high in January.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jan

  31

  2013

  2012 Annual Market Commentary

  For 2012 as a whole, global high yield debt and emerging market bonds performed best within the fixed income markets as gains in the “risk on” periods outweighed losses in the “risk off” ones. Global government bonds lagged notably in comparison. However, government bonds did remain somewhat in demand and consequently yields generally fell (while prices rose). European government bonds - especially Greek sovereigns - rallied in particular.

  SEI believes that 2013 will be characterised by improved global economic growth, less volatility in the European financial markets, and by a calming of the political waters in the U.S. and elsewhere.

  We favour equities over bonds, believing that current valuations on the global equity markets are reasonable, and that fixed income markets are at present much more expensive than equity markets.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jan

  16

  2013

  Fourth Quarter Market Commentary

  Investor focus switched from the U.S. elections to the looming U.S. “fiscal cliff” and ongoing worries surrounding the fate of the eurozone. Major central banks once again remained accommodative in an effort to help stimulate growth. Global equities experienced respectable gains for the quarter as investor sentiment improved, while global bonds declined marginally. Equities outperformed fixed income securities for the period as a whole.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jan

  2

  2013

  The Fiscal Cliff: A Deal of Sorts

  Despite the partial solution, we view the progress as a positive sign and (from an asset allocation perspective) plan to take a more aggressive, pro-cyclical stance in favor of equities as a result.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Dec

  13

  2012

  November 2012 Market Update

  Investor focus remained on the looming “fiscal cliff” in the U.S. and on ongoing worries surrounding the fate of the eurozone in November. Major central banks once again remained accommodative in an effort to help stimulate growth. 

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Nov

  27

  2012

  Fiscal Cliff--We May Not Dive Off, But We're Not Climbing Either

  In the U.S., a series of large spending cuts and tax increases collectively referred to as the “fiscal cliff,” are set to kick in on 1 January 2013. If they do, they could tip the U.S. economy into recession. SEI believes U.S. legislators will find a way to avoid the worst-case scenario, possibly delaying automatic actions in order to give politicians more time to negotiate a compromise.

  [... More]
  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Nov

  19

  2012

  Noise, News and Investment Strategy

  The headline news is currently filled with an overwhelming volume of scary, negative stories. Investment professionals often refer to this as “noise.” Rather than providing insight or direction, the net effect is often to simply cause investors to want to take action. Understanding the news behind the noise is the key to making intelligent investment decisions that match your investment objectives regardless of the current environment. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Nov

  8

  2012

  October 2012 Monthly Commentary

  The focus remained on Europe, the upcoming U.S. elections and slowing growth in China in October. Leading central banks remained accommodative in October as part of continued efforts to help stimulate global growth. Global equities and bonds both experienced losses in the month, with fixed income performing marginally better as investor sentiment waned. Within fixed interest, emerging market debt and high yield bonds did best. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Oct

  12

  2012

  Third Quarter 2012 Market Update

  The financial markets were once again dominated by events in Europe and concerns about the global economic outlook, but central bank actions helped to bolster investor sentiment. Market activity and trading volumes slowed at mid-quarter due to the summer holidays, pushing volatility to lows unseen for several years. Global equities and bonds both experienced gains in the quarter, with equities pulling ahead as riskier assets returned to favour. Within fixed income, emerging market debt and high-yield bonds did best. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Sep

  19

  2012

  August 2012 Market Update

  Summer holidays ensured a quiet August as market activity and trading volumes slowed. Volatility dipped to levels unseen for several years, as investors waited for politicians and central bankers to return to work in September and provide a better steer on how the global economy and troubles in the eurozone will develop. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Aug

  16

  2012

  July 2012 Market Update

  A degree of calm returned to the financial markets, but disappointing economic data releases ensured a subdued mood for much of July. Reassurance from the European Central Bank that they were committed to do "whatever it takes" helped buoy sentiment at month end. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jul

  26

  2012

  Second Quarter 2012 Market Update

  Optimism turned sour in April and reached panic levels in May when concerns about economic and political problems in the eurozone resurfaced with a vengeance. Events surrounding the French and Greek elections led to increased uncertainty, as did the deepening eurozone debt crisis when troubles in Spain and Italy hit the headlines. Economic data released during this time painted an uncertain picture and seemed to indicate a pause in global economic growth. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• May

  15

  2012

  April 2012 Monthly Market Update

  Investor confidence deteriorated in April due to concerns about the eurozone and events in Spain in particular. Risk appetite waned and the financial markets once again witnessed a flight-to-safety, whereby investors shunned assets perceived to be risky in favour of more defensive investments. Consequently global bonds outperformed global equities for the month and government debt was favoured over all other asset classes. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jan

  16

  2012

  Fourth Quarter 2011 Market Update

  Stock and bond markets generally rallied in October, declined in November and were mixed in December. The quarter began on a strong note as reports that the eurozone was working on a plan to restructure the European banking sector and positive U.S. economic data releases helped to foster an optimistic mood. Troubles in the eurozone dominated the headlines for much of the period, but positive economic data releases from the U.S. helped ease investor fears. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Dec

  15

  2011

  November 2011 Market Update

  Events in the eurozone and the U.S. resulted in a volatile month for global investments. Equity and fixed income markets declined, with risky assets among the weakest performers. Losses were partially offset by month end as news of intended joint central bank action buoyed sentiment. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Content Types:Commentary
• Jun

  20

  2011

  U.K. Government Debt Downgrade: Would it Matter to Investors?

  In recent weeks, major credit rating agencies have expressed renewed concern over the financial outlook for the U.K., perhaps eventually losing its AAA rating. What are the implications for investors? [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• May

  6

  2011

  Annual Market Update to 31 March 2011

  The 12 months ending in March was positive for equity markets, in spite of an ongoing sovereign debt crisis, political turmoil in North Africa and the Middle East and the catastrophic events in Japan. Although the markets faltered in the wake of bad news, investor appetite remained resilient, signalling that the backdrop for global growth continued to be, on the whole, positive. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Apr

  14

  2011

  First Quarter 2011 Market Update

  There is no denying that the first quarter was a difficult one. Yet, with the main exceptions of Japanese and emerging-market equities, financial markets have managed through the bad news. This impressive resiliency can be attributed to the underlying strength of the global economy. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Mar

  21

  2011

  European Pension Case Study

  How Fiduciary Management can bring tangible benefits displayed in a case study of a European Pension Fund. [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Strategic Perspectives,Content Types:Commentary,Content Types:White Paper
• Mar

  16

  2011

  Japan: Too Early to Tell

  Japan, the third-largest economy in the world, has endured earthquakes, a tsunami and multiple nuclear reactor failures. The long-term downstream consequences will not be clear for quite some time. Gross domestic product (GDP) will be negatively impacted in the short term, but rebuilding should help economic activity rebound. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Mar

  15

  2011

  UK Pension Schemes Challenged with Managing Risk within the Portfolio

  The Pension Management Research Panel recently conducted a Quick Poll of pension trustees or internal pension/finance employees from 32 different organisations within the United Kingdom. [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Markets and Economy,Categories:Institutions.Strategic Perspectives,Content Types:Quick Poll
• Mar

  15

  2011

  Poll Results: Top Priorities for UK Pension Scheme Sponsors in 2011

  The Pension Management Research Panel conducted a Quick Poll asking executives to identify their organisation's top pension priorities for the year. [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Regulatory and Compliance,Categories:Institutions.Strategic Perspectives,Content Types:Quick Poll
• Feb

  28

  2011

  It’s All About the Oil: A View of Events in Libya

  The ousting of Tunisia’s President Zine al-Abidine Ben Ali on January 14 was the first domino to fall in a series of uprisings in Africa and the Middle East. The protests were largely a sideshow for the financial markets…until Libya exploded. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Feb

  10

  2011

  Oil, Water, Food and Money: A Macro View of Political Tensions

  Ongoing political turmoil in Egypt led to the temporary closure of that country’s stock market and banking system and sparked a short-term flight-to-quality move in the bond markets. The market is expected to remain closed until the week of February 13, while banks reopened on Sunday, February 6. A run on Egypt’s currency or debt would cause considerable harm to its economy and financial system. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Categories:Wealth,Categories:Wealth.Market and Economy,Content Types:Commentary
• Jan

  20

  2011

  What is Fiduciary Management

  [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Strategic Perspectives,Content Types:White Paper
• Jul

  30

  2010

  European Bank Stress Test Results and SEI’s Funds

  Confidence in the European banking system was buoyed by largely positive stress test results published on 23 July, although the initial market reaction was somewhat subdued. Most broad indices made marginal gains on the first day of trading, and prices for European Financials and peripheral government bonds also rose after the results were posted. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Advisor,Categories:Advisor.Investments,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Content Types:Commentary
• Mar

  30

  2010

  Commentary: Outlook on Global Sovereign Debt

  Fears about sovereign debt have escalated in recent months, as the global recession has forced governments to run massive deficits. Media attention has led to speculation about possible sovereign debt defaults and raised questions about the viability of investing in sovereign debt securities issued by developed nations. Download our five-page commentary. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Content Types:Commentary
• Sep

  28

  2009

  Commentary: Oil Prices and the Economy

  The Global Portfolio Strategies Team has published an article exploring the prospect for a longer-term trend of rising oil prices to create headwinds for U.S. economic growth. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Institutions,Categories:Institutions.Markets and Economy,Categories:Private Banking,Categories:Private Banking.Managing Money,Content Types:Commentary
• Jun

  29

  2009

  Fiduciary Management vs. Implemented Consulting – SEI bespreekt de voor- en nadelen

  Afgelopen jaar is de populariteit van Fiduciary Management en de daaraan verwante aanpak, Implemented Consulting, in populariteit gegroeid als een alternatief voor het traditionele beheermodel voor pensioenfondsen.  In dit artikel proberen wij elke aanpak te definiëren, de mogelijke verschillen vast te stellen en te verduidelijken en de voordelen van elke aanpak te vergelijken. [... More]

  Article Types:Knowledge Center,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Markets and Economy,Content Types:White Paper
• Wat is Fiduciary Management?

  Fiduciary Management kan worden gedefinieerd als een pensioenbeheeroplossing gericht op het bereiken van de langetermijndoelstellingen van een pensioenfonds binnen een gedefinieerde risicobeheeromgeving door het aanbieden zowel dagelijkse vermogensbeheer als adviesdiensten. [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Employee,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Markets and Economy,Categories:Institutions.Regulatory and Compliance,Categories:Institutions.Strategic Perspectives,Content Types:Commentary,Content Types:Quick Poll,Content Types:White Paper
• De voordelen van Fiduciary Management

  Fiduciary Management is een oplossing voor dynamisch beleggen, waarvoor de tijd is gekomen. [... More]

  Article Types:Knowledge Center,Audience:Client,Audience:Employee,Audience:Prospect,Categories:Institutions,Categories:Institutions.Investment Management,Categories:Institutions.Markets and Economy,Categories:Institutions.Regulatory and Compliance,Categories:Institutions.Strategic Perspectives,Content Types:Commentary,Content Types:Quick Poll,Content Types:White Paper