China’s “nuclear option” in the trade war
Andrew Craig, Head of Financial Market Analysis & Publications, presents our monthly market overview for June 2018:
Markets have experiences some difficult cross-currentsThe way financial markets have moved over the past three months is a good example of the new and more challenging environment (Exhibit 1). Equity performance was mixed with positive returns in the eurozone, followed by the US, and EM equities trailing with negative returns.
Exposure to foreign currencies is typically a by-product of international investing – by purchasing foreign assets, the investor also obtains the embedded foreign currency exposure. While holders of US dollar assets will have noticed the sharp increase in the value of the dollar since mid-2014, there has also been a big divergence between the performance of hedged and unhedged international equities. Our full article on this topic gives more details of this.
Andrew Craig, Head of Financial Market Analysis & Publications, presents our monthly market overview for May 2018:
Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management Holding.