Invesco Canada blog

Insights, commentary and investing expertise

Market review: What’s next for France and U.S. health care?


Global Market Strategist, Invesco Ltd.
May 9, 2017

Subject | Institutional | Macro views

We saw a mélange of events unfold and data points released in the past week. The U.S. House narrowly passed the American Health Care Act (AHCA), the U.S. jobs report for April beat expectations and centrist candidate Emmanuel Macron won the French presidential election.

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Currency outlook: Global growth, eurozone elections continue


Senior Portfolio Manager, Head of Macro Research and Global Multi-Sector Portfolio Management, Invesco Fixed Income
May 5, 2017

Subject | Institutional | Invesco | Invesco Fixed Income (IFI) | Macro views

Canadian dollar strength has faded recently despite stronger economic data. Weakness in oil prices has been responsible for some of the reversal. The Bank of Canada has, at least temporarily, dropped its dovish tilt, but appears content to leave the overnight rate target at 0.50% for the foreseeable future.1 The Canadian dollar continues to remain overvalued, in our view.

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Currency management: A simple roadmap


Senior Portfolio Manager, Head of Macro Research and Global Multi-Sector Portfolio Management, Invesco Fixed Income
May 3, 2017

Subject | Active management | Institutional | Invesco | Invesco Fixed Income (IFI) | Macro views

Global diversification has become standard practice among investors around the world. As the trend toward global investing grows, managing currency risk in global portfolios is likely to take on increasing importance. Sovereign wealth funds, central banks and other investors are likely to consider the benefits and challenges of currency hedging as their investment strategies become more globally focused. However, evaluating the impact of foreign exchange risk on portfolios and how to address that risk is a debated issue. Should global investors adopt strategies to specifically address currency risk or should they not?

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Old EM vs. new EM


Head of Emerging-Markets Equities, Invesco Hong Kong Ltd.
May 1, 2017

Subject | Active management | Institutional | Macro views | Trimark

For many investors, the category emerging markets (EM) brings to mind a few key characteristics that I now associate with the “old EM”, which in my experience differs dramatically from the current reality in many emerging-market countries – what I refer to as the “new EM”. What has changed?

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Market review: While France votes, U.S. faces shutdown


Global Market Strategist, Invesco Ltd.
April 25, 2017

Subject | Institutional | Macro views

Sunday saw the start of the much-awaited presidential election in France, and many advocates of the European Union (EU) are breathing a collective sigh of relief. Centrist Emmanuel Macron and far-right candidate Marine Le Pen garnered the most votes – 23.75% and 21.53%, respectively – and will therefore advance to the runoff election on May 7. For those who wanted to see as little impact on capital markets as possible, a Macron–Le Pen matchup is as close to a “best-case scenario” as possible. (The “worst-case scenario” for the continuation of the EU was a matchup between Le Pen and far-left candidate Jean-Luc Melenchon, who are on opposite sides of the political spectrum, but both anti-EU.)

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