Qontigo Commentary:

Coronavirus’ Impact on Markets

Qontigo Commentary:

Coronavirus’ Impact on Markets

July 03, 2020

 

Stocks wrapped their best calendar quarter since 2009 in June as many economies continued their way out of lockdowns imposed to control the expansion of COVID-19. STOXX® Global 1800 Index rises 2.7% in dollar terms but is still down 5.2% for the year.

 


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June 25, 2020

 

The fact that many households and corporations must now borrow extensively just to stay afloat is a major concern. This is reflected in wider credit spreads and that shares of heavily leveraged companies have significantly underperformed the overall market.

 


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June 16, 2020

 

The CDS basis for names in the Markit iTraxx Europe index had gone significantly negative in March. Though spreads for both CDS and cash bonds widened simultaneously, the greater liquidity of credit default swap indices meant that movements were less pronounced in that segment.

 


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Applied Research Publications


Axioma Equity Risk Monitor
Highlights for the Week Ended July 9

China’s risk jumps as stocks rally; Momentum sees a strong comeback globally; US small caps turn much riskier than large caps. Read more >
 

Axioma MAC Risk Monitor 
Highlights for the Week Ended July 10

Stocks rise and yields fall, underscoring opposing views on economic outlook; Gilt yields drop to lowest levels on record; Portfolio risk falls, but China drives up EM volatility. Read more >
 

 

June 10, 2020

 

We have noted how the COVID-19 crisis had disrupted the long-established co-movements and interactions of major asset classes. Some flipped signs, many broke down, and a few remained remarkably stable. In this blog post, we take a look at some of the most notable asset-class pairs.

 


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June 10, 2020


The coronavirus crisis has driven large changes in the relative risk of US sectors. Traditionally defensive sectors, such as Real Estate and Utilities, lost their defensiveness, while typically cyclical, high-beta sectors, such as Info Tech, turned more defensive.



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June 5, 2020

 

Deutsche Wohnen SE, the real-estate company that traces its origins to the 1920s modernist homes building in Berlin, will join the blue-chip DAX® on Jun. 22. It will replace Deutsche Lufthansa AG, a continuous DAX member since index inception in 1988.

 


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June 5, 2020


We noted in a recent blog post that market volatility has plateaued, but at a high level relative to history. Like that of markets, factor volatilities have jumped substantially since the end of last year.




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June 2, 2020


We have discussed recently how company factor exposures had turned topsy-turvy, a result not only of the market plunge but also as investors sorted out their expectations for relative winners and losers of the COVID pandemic.




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Qontigo ROOFTM Score Highlights

 

July 6th, 2020

 

As the world battles a second wave of infections, even bigger than the first, investor sentiment remains resiliently positive, helping markets rise for another week.

 

 

 

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June 2, 2020

 

Stocks extended a recovery to a second month in May as investors welcomed the resumption of some economic activities in the wake of the novel coronavirus pandemic. In May, European countries and the US started easing some of the restrictions in place.

 

 


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May 28, 2020

 

A number of large investors say the COVID-19 pandemic will be a watershed moment for sustainable investing. Asset managers including DWS and Aviva Investors argue the pandemic will prompt investors and regulators to increase scrutiny of companies’ governance and social behavior.

 

 


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