VPL News and Press, Vanguard FTSE Pacific From 01/31/23

Summary Despite softer economic conditions globally, emerging markets (EM) credit fundamentals remain supportive—and while we see some pockets of weakness, especially among energy- and food-importing countries, overall we believe EM debt is well positioned to withstand a period of we...

Summary In our view, the balance of demand and supply factors should support oil prices in 2023. Most EM banking systems look better positioned in terms of capital than they were during the Global Financial Crisis. All things considered, we continue to believe that current valuation...

Summary We are optimistic that emerging markets, in particular Chinese equities, can post positive returns in 2023. Consensus expectations point to two further increases in the US federal funds rate in 2023. As the investment environment evolves, an important feature that we seek in...

Summary Arguably one of the greatest frustrations for investors over the past year of rampant inflation was the dismal performance of real assets regarded as inflation hedges and their positive correlations to the returns of nominal assets, such as conventional government bonds. Even th...

Summary Looking around the globe, we find a few major stock markets with bullish setups. Most are leaning bearish to perhaps strongly bearish. The S&P 500 is currently 30 on a list of 36 country indexes, with Turkey, Poland, Italy, Denmark, and China taking the top slots. Longer...

Summary We expect COVID-19 to continue its transition to a global endemic and the status quo to prevail in Russia's war in Ukraine, with no material implications for the global economy. Mild recessions are forecast in the United States and Europe, but resilience in Asia Pacific will pre...

Summary Global equities closed out their worst year since the 2008 financial crisis as central banks launched increasingly aggressive efforts to bring rampant inflation under control. Much of the US’s underperformance versus its peers is an outgrowth of its much larger exposure t...

Summary The upsides to falling demand and spare capacity were fewer supply constraints and a further marked moderation of price pressures. While Japan's factory output downturn likewise moderated slightly, it remained among the sharpest witnessed over the past decade. Future output ...

Summary My search for global yield takes me to Canada. Increased Canadian interest rates and strong oil and gas growth prospects paint a bullish outlook for the VDY ETF. However, according to my technical analysis read that takes into account flow, location, and trap elements, this ...

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...