VPL News and Press, Vanguard FTSE Pacific From 12/28/22

Summary There were ample causes for this global downdraft in equity markets. Global equity markets look likely to face a global recession in 2023, which appears to have already begun in the final quarter of 2022. Equity markets will face a tough global environment in 2023, particula...

Summary Consistent with the general theme of searching for global yield outside of the U.S., I now share my outlook for the Pacific stock markets. With the Japanese manufacturing PMI currently in contraction, I am keeping my eye open for a rebound above 50 to confirm bullishness on Vang...

Summary VPL's portfolio is highly diversified, invests significantly in sectors with high growth potential, has a low expense ratio, and is trading at a marginal discount. Though VPL's current yield is not excessively high, it seems to be sustainable and the fund generates a high enough...

Summary Return divergences were largely an outgrowth of the collapse in resource stocks. Amid the extreme risk-on/risk-off swings in sentiment spurred by the pandemic and Russia/Ukraine war, industry performances have been as polarized as they've ever been in a decade. The turbulent...

Summary The global manufacturing PMI survey's Output Index signalled a third successive monthly drop in worldwide factory production in October. Of the 31 economies for which S&P Global PMI data are available for October, some 21 reported falling production, which was also the...

Summary After a bumpy year, 2023 could prove to be even more challenging for global goods trade with consumer demand faltering, oversupply returning, and the energy and subsequent inflation crisis persisting. So far this year, global merchandise trade has held up extremely well gi...

Summary Few sectors escaped this year’s global equity selloff in Q3. Those most vulnerable to the punishing effects of the recent spike in interest rates have paid an especially heavy toll. Real estate, telecom, utilities and tech were the worst performers in most marke...

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary Average input costs rose at an increased rate for the first time in five months in September, hinting at stubbornly persistent inflation within the worldwide factory sector. Supply chain cost pressures and wage pressures eased, helping bring down factory cost inflation. ...

Summary Global business conditions worsened in the manufacturing sector in September. The JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™) dropped below the neutral level of 50.0 for the first time since June 2020. Easing of supply chain delays we...