VPL News and Press, Vanguard FTSE Pacific From 08/03/22

Global equity markets went into a protective crouch last quarter, and factor performance followed suit. The collapse in Consumer Discretionary and/or Technology stocks was a dominant driver of global factor performance in Q2. The Quality premium versus Value has returned to its lo...

Inflationary pressures in the worldwide factory sector moderated to the lowest for a year-and-a-half in July, according to the latest JPMorgan Manufacturing Purchasing Managers' Index, compiled by S&P Global. July's PMI surveys showed the average price charged for goods rose world...

Output fell in the United States, Eurozone, UK and Japan, while mainland China saw a reduced rate of expansion and the rest of Asia as a whole likewise mustered only modest growth. The global manufacturing PMI survey's Output Index signaled stalled production in July. The worsenin...

A multifaced response, including increasing interest rates, is needed to prevent an upward spiral of price expectations and rising capital outflows. China, Asia’s largest economy, saw a significant deceleration in the second quarter as the zero-COVID policy prompted lockdowns f...

As inflation raged, central banks accelerated the pace of monetary policy tightening, aiming to slow the growth of aggregate demand and calm price pressures. In response to persistently high inflation and an upward drift in long-run inflation expectations, central banks are accelerati...

Two opposing forces appear to be dominating the market currently, with investors polarized between recession fears and bargain hunting following this year’s large equity selloff. Investors priced in most central bank tightening and seem more confident with the inflation outlook...

An investment in Nigeria or Turkey clearly exposes a firm or investor to more risks than an otherwise similar investment in Germany or Canada, but why? While country risk has so many dimensions to it, there is correlation across the many dimensions, with corruption, poor legal protect...

The performance edge for American stocks is no longer absolute, at least so far in 2022. Although the relative strength for US shares has wobbled this year, it’s not yet clear that the long-running trend is rolling over. Blindly assuming that US stocks will always and forev...

The JPMorgan Manufacturing Purchasing Managers' Index, compiled by S&P Global, nudged lower in June, down from 52.3 in May to 52.2, its lowest since August 2020. The global manufacturing PMI survey's Output Index, which acts as a reliable advance indicator of actual worldwide outp...

The rising economic weight of APAC has far-reaching economic implications, notably due to the growing economic importance of APAC consumer markets as drivers of world demand growth. The rapid growth of China's economy over the past two decades has been a major driving factor for the i...