The banking sector has started the year on a strong foot, but in Europe it's still attractive, said MAPFRE AM's equity investment manager, María Torres.
Results for: Markets research
Market must refocus on inflation
Uncertainty about economic growth seems to have replaced inflation as investors' main concern, despite the fact that the CPI is not falling as fast as expected by central banks. Alberto Matellán, chief economist at MAPFRE Inversión, believes this is a mistake and that investors should not lose sight of rising prices, which are much more damaging to the economy than weak growth.
What is the debt ceiling and why should it be of concern to investors?
The United States could run out of money to meet its obligations in less than a month. This isn’t due to economic problems: the country is in a solvent position and there aren’t any non-payment precedents on record, but political polarization has caused the negotiation of the debt ceiling, which was previously considered almost merely an administrative process, to lead the country to the precipice of default.
The ECB and the Fed stay the course despite banking turbulence
The banking sector situation is putting central banks between a rock and a hard place, given the current divergence between economic and financial stability. This is adding to the cumulative effect of monetary policy and the response lag, as well as uncertainty relating to the performance of risk, as MAPFRE Economics explains in a recent report.
Matellán: "The problems in the banking sector can hardly be extended to economy"
The banking sector has experienced another weekend of tensions, with the collapse of First Republic, but these problems "can hardly be extended to economy".
These are the two scenarios for the global economy envisaged by MAPFRE Economics
Uncertainty has been the only certainty in recent years, so MAPFRE Economics, MAPFRE’s research arm, always envisages two different scenarios in its forecasts in order to adapt to economic developments in the subsequent months.
MAPFRE AM Good Governance, a 5-star investment fund
Socially responsible investing does not mean you have to sacrifice financial returns, and the MAPFRE AM Good Governance fund is the perfect example of this. So much so that Morningstar has decided to award it five stars, the highest rating given by the analysis firm.
Lackluster reaction to banking results due to the resurgence of the crisis
The earnings delivered by financial institutions in the first quarter are not being well received by the markets, due to the ongoing banking crisis in the United States.
“Upward momentum of the banks looks set to continue, but so too will the rising cost of capital"
MAPFRE AM has not rotated portfolios despite the latest turbulence. Moreover, these already had a more quality and defensive vs. cyclical bias a couple of months ago.