EFAX News and Press, SPDR MSCI EAFE Fossil Fuel Reserves Free From 07/22/21

Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock. New IMF staff research has found ever larger and more powerful companies are making monetary policy a less pot...

Since last November’s vaccine news, financial markets have been "hanging ten" on a swell of cyclical, value and small-cap stocks, and rising Treasury yields. Crosswinds started to grow in the second quarter, however, as economic and inflation data ran hot: rising yields stalled...

The world economy has performed about as well as could be expected, if one takes as given the pandemic and the inadequate public health response. Global growth in 2020 was negative 3.3 per cent, which is very low historically. But the economic outlook is stronger now than one would ha...

Global PMI signalled regional divergence deepening. Delta variant driven divergence aggravates as price pressures ease. Divergence in growth performance carries key risks, including for emerging market assets. For further details see: Delta Variant Spread Poses Key Risks...

Logistical bottlenecks, caused by disruptions to ports, shipping lines and domestic transportation, have lengthened delivery times and further weighed on the supply shortage in some regions. Ports in Europe and the west coast of the U.S. remain congested. Congestion has also incre...

The chief problem facing most of the world's developed economies today is the level of outstanding debt, both private and public. Demographics remain one of the most powerful drivers of long-term economic growth. Sustained inflation requires a permanent increase in demand relative...

Risk-adjusted performance for the Global Market Index (GMI) continued to push higher in June, based on the annualized Sharpe ratio for a rolling ten-year window via monthly data. GMI’s 10-year SR increased to 0.84, the highest in 18 months. GMI is an unmanaged, market-value...

The expected risk premium for the Global Market Index (GMI) resumed an upward drift in June, rising to an annualized 6.0%. The current risk premium forecast for GMI - 6.0% - suggests that multi-asset-class strategies will generate lower returns relative to results posted in recent yea...

PIMCO’s baseline outlook for the cyclical horizon has the global economy continuing its uneven recovery before shifting to a more moderate pace of above-trend growth in 2022. With the pandemic receding across much of the world, policy support has also likely peaked and will tur...

iShares MSCI EAFE, BlackRock’s Europe, Australia & Far-East equity ETF, has proven a benchmark for public equity markets ex-US/Canada. Investing in a blend of equity styles globally, the fund tracks the performance of the MSCI EAFE Index. The 20-year-old fund has provid...