Qontigo Commentary:

Coronavirus’ Impact on Markets

Qontigo Commentary:

Coronavirus’ Impact on Markets

August 5, 2020


For weeks, investors and market commentators have been puzzled by the apparent “disagreement” between the stock and the bond markets over the expected shape of the economic recovery. Equity investors foresee a swift, V-shaped comeback.



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July 30, 2020

 

Our latest study reveals specific stock selection was the main driver behind the outperformance of sustainable investment strategies during the COVID-19 pandemic, as the portfolios had limited exposure to hard-hit sectors such as aerospace & defense and tobacco.

 


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July 23, 2020

 

Domestic investors are lifting the Chinese equity market to world-beating levels this year, leaving behind concerns about the COVID-19 pandemic and political tensions between China and its trading partners. The A-share market has gained 18% in 2020 — with a 15% jump in the first two weeks of July.

 


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Applied Research Publications


Axioma Equity Risk Monitor
Highlights for the Week Ended September 10

FAANGs lead market rout in the US; Global risk ticks up following tech plunge; Asset diversification at near-term peak.  Read more >

Axioma MAC Risk Monitor 
Highlights for the Week Ended September 4

Sovereign yields deviate on opposite sides of the pond; Dollar and stock market diverge once more…but for different reasons; Portfolio risk rises for first time since March.  Read more >


July 14, 2020


The EURO STOXX 50® Volatility-Balanced Index is posting its best year on record, proving the prowess of a tail-risk hedge strategy as the COVID-19 pandemic brought economies to a standstill and rattled financial markets. The index, which combines an investment in stocks with a dynamic allocation to volatility futures, is up 65% in 2020.



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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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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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Qontigo ROOFTM Score Highlights

 

August 17th, 2020

 

 

As we exit the Q2 earnings season, sentiment takes a breather. Earnings were good and for the most part better than feared.

 

 

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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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