Outerblue

Amundi

Welcome to Outerblue, a podcast channel to guide professional investors on their financial journey Four series are available: Outerblue Convictions: Our monthly market analysis and investment convictions This series presents our latest analysis of the markets, asset allocation trends and our investment convictions. Each month, listen to Monica Defend, Head of Amundi Institute, discuss Amundi’s views with Swaha Pattanaik, your host on this podcast. Outerblue Conversations: Latest insights and discussion on a variety of investment topics This series discusses topical developments in the world of investment. Listen to expert views on the economic and geopolitical landscape, discover the insights, implications, and analysis as well as market views and asset allocation recommendations. Outerblue Responsible investment: Responsible investing themes shaping the investment landscape This podcast explores and explains the latest responsible investment themes. Listen to experts from Amundi’s responsible investment teams share their insights on the latest environmental trends investors should be watching Outerblue Talks Research: knowledge sharing on financial research This podcast takes a closer look at current financial research topics and themes. Join Swaha Pattanaik, Head of publishing and digital strategy, to learn more about the latest research, the findings and implications from Amundi’s research experts. Hosted by Ausha. See ausha.co/privacy-policy for more information. read less

BusinessBusiness

InvestingInvesting

Start Here

Outerblue Research – Looking for clues ahead of a second Trump presidency

Outerblue Research – Looking for clues ahead of a second Trump presidency

After a campaign full of twists and turns, November saw the re-election of Donald Trump for a second term as US president. In this edition, we take a look at the geopolitical and economic ramifications of a new Trump presidency. Swaha Pattanaik sat down at the end of November with Anna Rosenberg, Head of Geopolitics at the Amundi Investment Institute and Paresh Upadhyaya, Director of Fixed Income and Currency Strategies, Amundi US, to discuss what lies ahead for the USA and the rest of the world. Beyond the attention grabbing threats of tariffs, what are the realistic expectations for trade policy and how is China likely to react? How might Trump’s second term differ from his first and what clues can we gain from his cabinet and staff appointments? Our experts examine these questions and what this might mean for the US economy in terms of inflation and interest rates and where we might expect surprises.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Episodes

Outerblue Research – Looking for clues ahead of a second Trump presidency

Outerblue Research – Looking for clues ahead of a second Trump presidency

After a campaign full of twists and turns, November saw the re-election of Donald Trump for a second term as US president. In this edition, we take a look at the geopolitical and economic ramifications of a new Trump presidency. Swaha Pattanaik sat down at the end of November with Anna Rosenberg, Head of Geopolitics at the Amundi Investment Institute and Paresh Upadhyaya, Director of Fixed Income and Currency Strategies, Amundi US, to discuss what lies ahead for the USA and the rest of the world. Beyond the attention grabbing threats of tariffs, what are the realistic expectations for trade policy and how is China likely to react? How might Trump’s second term differ from his first and what clues can we gain from his cabinet and staff appointments? Our experts examine these questions and what this might mean for the US economy in terms of inflation and interest rates and where we might expect surprises.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Analysing the bright spots in a Trump 2.0 world

Outerblue Convictions – Global Investment Views – Analysing the bright spots in a Trump 2.0 world

In the past few weeks, economists have been busy writing their predications for what might lie ahead of us in the next 12 months. This year, the task was made harder by the US elections, the strong chance of a shift in policy, and the potential spill over to other regions. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss what has been happening in the markets as they ride the “Trump wave”, and whether we can expect this to continue. What will be the consequences for Europe and China if a new round of tariffs are implemented, and are we going to see a return to the currencies wars of 2010?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Talks Research - The Artificial Intelligence revolution

Outerblue Talks Research - The Artificial Intelligence revolution

This episode returns to the topic of artificial intelligence. Since we last covered this topic earlier in the year, there have been even more advances in what generative AI can do and ever increasing interest in how AI can be used across the corporate value chain. Swaha Pattanaik is joined by Ben Lucas, Chief Executive Officer of Amundi Technology, to talk all about how AI has been shaking up the corporate landscape. They dig into whether there’s been a shift in sentiment towards AI, particularly on how long it will take to see return on investment. They also discuss the impacts across society from us as individuals right up to the role of governments. What are the risks to consider and the geopolitical challenges? To conclude, they look at what we should expect in the next wave of developments.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Responsible Investment - How is Shareholder Stewardship shaping the future of corporate sustainability?

Outerblue Responsible Investment - How is Shareholder Stewardship shaping the future of corporate sustainability?

Stewardship activities, like engagement and voting, are increasingly seen as effective tools for promoting corporate accountability, enhancing long-term value, and driving sustainability.In the first episode of our engaging five-part series on Shareholder Stewardship, Caroline Le Meaux, Global Head of ESG Research, Engagement, and Voting, and Andriy Boychuk, Head of EM Research, delve into the crucial role of shareholder stewardship in advancing corporate sustainability through proactive engagement with issuers and responsible voting at annual general meetings. They provide a comprehensive understanding of why active stewardship is essential for ensuring long-term resilience and sustainable returns.Additionally, they also share best practices by highlighting real-world case studies from interactions with issuers and review the outcomes of Amundi’s 2023 engagement and voting season.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Perspectives on the US elections

Outerblue Convictions – Global Investment Views – Perspectives on the US elections

After many months of build-up and speculation, the 2024 US election is almost here. Over the past few weeks, financial markets have become increasingly focused on the candidate’s platforms and what these might imply for the economy and markets. How could markets react to Trump and Harris’ different proposals on taxation, trade and immigration? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sit down for their regular catch-up and examine the different policies, how these are driving markets and what investors should look out for once the winner is announced. Further afield, this edition also considers the different impacts the US election results may have on the rest of the world, particularly China, especially if the new president announces a new wave of tariffs. Will China’s recent policy shift committing to fiscal and monetary stimulus reverse their economic slowdown and how will this play out in the markets?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Ears to ground

Outerblue Convictions – Global Investment Views – Ears to ground

Focus over the past month has been fixed on central bank policy, most particularly on the Federal Reserve. Their September meeting finally brought the Fed’s first rate cut in four years. What are the core points for investors to note? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, unpack all the elements to look at the data, the market expectations, the surprises, and what might be next for the other central banks. The episode continues with a review of the movements in the equity markets as we continue to see large divergences in valuations. We also turn to China, as markets anticipate it might emerge from a period of gloom with a new fiscal stimulus package that could be a gamechanger. Finally, we look at the bond markets and how the differences in this economic cycle requires a flexible approach to fixed income.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Back to reality

Outerblue Convictions – Global Investment Views – Back to reality

This August financial markets went on a rollercoaster ride. Stock markets started the month with huge declines and soaring volatility, before recovering towards month end. What lessons should investors take away from this summer’s events, as the market jitters continue into September?Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch us up on recent events and discuss what might be in store in the jam-packed end to year. They take a closer look at some of the factors driving markets as the importance of fundamentals is back in focus. Finally, Monica shares our views on the major bond, equity and foreign exchange markets and explains why our growth and inflation projections remain unchanged.Discover the article : https://research-center.amundi.com/article/global-investment-views-september-2024Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – H2 24 Outlook – It’s all about confidence

Outerblue Convictions – H2 24 Outlook – It’s all about confidence

A lot has happened in global economies, markets and geopolitics in the last six months. This outlook special looks back at what has happened in 2024 to date, how this has impacted markets, and what we should expect for the second half of the year. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss why they think the current environment really is “all about confidence”. Uncertainty looks set to continue and the major global economies and regions are likely to remain on different growth paths. In this environment, Monica explains what the next developments could mean for investment, and why investors should be focusing on selectivity and solid convictions to build resilient portfolios. They also discuss which geopolitical risk factors we are particularly focused on for investing in both the short- and medium-term.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Trends steering markets

Outerblue Convictions – Global Investment Views – Trends steering markets

It’s been a busy month for central bank interest rate decisions, but while the European Central Bank, the Bank of Canada and Swiss National Bank have chosen to cut rates, the Federal Reserve is still pondering the timing of its next move. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, catch-up to discuss the latest indications from policymakers, particularly following this week’s ECB Sintra Forum. They also look at how much domestic politics have been driving financial markets following the results of the elections in Europe, and as we wait the final outcome in France and the UK. As approaches to monetary policy continue to divergence on each side of the Atlantic and the geopolitical environments remain uncertain, they examine how all these events feed through into our investment convictions. Discover our main views on the different asset classes and regions and the key themes to look out for this month.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views – Data driving diverging paths

Outerblue Convictions – Global Investment Views – Data driving diverging paths

Three factors are driving today’s global markets; economic growth, inflation and the outlook for monetary policy. Central banks are increasingly dependent on data and inflation remains their chief cause of concern. It is becoming clear that divergences are opening up in policy and outlook in the US and in Europe. On one side a clear path has appeared, where on the other, this path is still surrounded by uncertainty. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sit down to discuss how these aspects feed through to markets and investment convictions and take a closer look at the different asset classes. What do these mean for equity valuations, sectors and regional divergences? How does the higher-for-longer scenario impact the credit markets? They also take a closer look at Japan and why it has been attracting a huge amount of international interest in recent months.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Research – Capital Market Assumptions 2024

Outerblue Research – Capital Market Assumptions 2024

Our capital market assumption forecasts look more closely at the themes that shape the financial market landscape and aim to help steer investors over the medium to long-term. This year the publication considers how climate delays and productivity gains from artificial intelligence are likely to drive a reordering of asset class profiles and the role played by geopolitical tensions.Swaha Pattanaik catches up with Monica Defend, Head of Amundi Investment Institute and John O’Toole, Head of Multi Asset Investment Solutions, to find out what’s changed in the assumptions since last year and how these feed into the return forecasts. They discuss our base scenario for energy transition and the impacts of artificial intelligence and how all these complex elements might influence GDP, inflation and asset class returns.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views: Bright spots in a trickier phase?

Outerblue Convictions – Global Investment Views: Bright spots in a trickier phase?

The uncertainties faced by financial markets over the recent months have been making forecaster’s lives difficult. The two big questions over growth and inflation continue to preoccupy. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss what’s been catching their attention over the past month and how these factors are influencing projections. Can the US economy maintain the resilience shown so far and will growth continue on an upward trend? How sticky will inflation prove to be? This month discusses how these two elements are crucial to understanding the next steps for the Federal Reserve and, consequently, market direction. It also looks at how these factors are playing out across the different regions and asset classes.Read The Global Investment Views of the month Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views: The late-cycle environment continues to play out

Outerblue Convictions – Global Investment Views: The late-cycle environment continues to play out

Recent weeks have seen gains in the Magnificent Seven with rallies spreading across other sectors and US and European equities setting record highs. But how much longer can the equity markets keep rising and what has been driving this climb? Giulio Lombardo and Monica Defend, Head of Amundi Investment Institute, take a closer look at the reasons behind this upsurge and whether we should expect a reversal soon. Also on an upward trajectory this month was gold. They discuss what’s been going on. This edition also returns to the big question for markets, interest rate cuts, and whether a summer rate cut is still on the cards for the Fed. Will other central banks follow the Fed’s lead or are they plotting their own course? This month’s edition concludes with an update on fixed income and emerging markets, what recent moves have meant for these asset classes and where investors should be looking for opportunities.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions - Global Investment Views: Market debate rages on

Outerblue Convictions - Global Investment Views: Market debate rages on

The last month has, to a large extent, seen a reversal in investors’ expectations for central bank actions. This has been the hot topic for financial markets over the past few weeks as these expectations filter down into financial data and continue to drive asset prices. However signs of a slowdown are appearing. What factors will be most important to judge market direction going forward? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, discuss the state of play and whether the current market sentiment has changed Amundi’s own views. They talk about what’s driving the interest rate cuts as well as the timing and likely sizes of the cuts in the major global economies. They cover what these changes mean for Amundi’s investment convictions across asset classes and regions, and finish by discussing the FX markets and where investors could look for opportunities.Discover the related article: click hereHosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Talks Research – The rise of AI: Will it increase economic growth?

Outerblue Talks Research – The rise of AI: Will it increase economic growth?

Advances in artificial intelligence have unleashed a new wave of technological revolution, one that promises a torrent of disruption across both financial markets and our daily lives. The speed of transformation has sparked widespread concern, not least about the impact it could have on jobs across a whole range of sectors. As demand surges and generative AI is said to reach the “tipping point” of mainstream adoption, Swaha Pattanaik sits down with Annalisa Usardi, Senior Economist at Amundi Investment Institute, and Bastian Drut, Head of Thematic Macro Strategy at CPR Asset Management, to discuss the transformative impact of the technology and its implications for economies in the short and longer term. They take a closer look at the impact AI might have on productivity, growth and the labour markets, when and where this will most be felt, and how AI might ultimately be a positive development for addressing demographic challenges.Click here to discover more on this topic.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Responsible Investment: Exploring perceptions of equal opportunities with Romina Boarini, Director of the OECD WISE Centre

Outerblue Responsible Investment: Exploring perceptions of equal opportunities with Romina Boarini, Director of the OECD WISE Centre

Promoting social mobility and equality of opportunity remains a pressing concern for many countries, challenging the very fabric of our society. Hence, understanding the perceptions and representations of equal opportunities is essential to catalyse collective action and support corrective measures. A survey conducted by the OECD with the support of Amundi across 27 OECD countries delves into the perceptions and attitudes surrounding inequality and explores what truly matters for the population in the fight for equal opportunities. In this podcast, Romina Boarini, Director of the OECD WISE Centre, reveals the survey’s main outcomes on the different aspects of inequality, the factors that are seen as playing a major role in climbing the social ladder as well as on the role that different actors are expected to play in reducing inequality and the type of policies and actions that could be prioritised.Read more : https://research-center.amundi.com/article/exploring-perceptions-equal-opportunityHosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions - Global Investment Views - Central banks still centre stage

Outerblue Convictions - Global Investment Views - Central banks still centre stage

We may only be a few weeks into 2024, but the markets have been anything but quiet. After a rocky period at the end of the year, bonds and equities eventually returned to positive territory in January, with the notable exception of China. Central banks remain centre stage, as markets continue to speculate over their next steps. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, talk over the different forecasts for the next few months and why inflation expectations might prevail over growth when it comes to the timing of interest rate cuts. They also discuss how geopolitical risks might impact some of the main economic indicators. They take a closer look at demand in US and China and the factors that are driving their respective economies. Finally, Monica explains how these factors filter through to Amundi’s current investment convictions, detailing the main views on equities, fixed income, currencies and emerging markets.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Responsible Investment – The rise of responsible investing in Asia

Outerblue Responsible Investment – The rise of responsible investing in Asia

Asia faces distinct and complex challenges when it comes to the energy transition as it looks to balance economic development with the necessity to transition to a low carbon economy. The continent is home to around 60% of the world’s population and has significant exposure to the physical risks of climate change, seen in severe floods and heatwaves. At the same time, it also has extensive and affordable renewable energy resources, which gives the continent a unique opportunity to develop its economy using these vast resources. In this podcast, we look at the role of investment in advancing the energy transition in Asia and talk to some of Amundi’s experts across Asia to learn more about the responsible investment trends, initiatives and policy developments happening in their regions. We also discuss some of the main challenges that need to be overcome and the trends for investors to look out for in the months ahead. Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Global Investment Views: What stands out amongst the Santa Rally?

Outerblue Convictions – Global Investment Views: What stands out amongst the Santa Rally?

In our last Convictions podcast of the year, Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, sat down last week to discuss whether any of the recent policy comments or economic data publications might have impacted our main calls for 2024. Are we aligned with the general consensus on when to expect interest rate cuts? What are our expectations for rates by the end of 2024? Persistent inflation levels means patience may be required. They continue the discussions with a focus on Japan, as the country is following a different economic pathway. What are the expectations for the Bank of Japan and what might this mean for investors? The podcast finishes with a look at the themes and regions that might offer potential investment opportunities in fixed income, equities and in emerging markets over the next few months. Hosted by Ausha. See ausha.co/privacy-policy for more information.

Outerblue Convictions – Steering through turning tides in 2024

Outerblue Convictions – Steering through turning tides in 2024

A special edition of Amundi’s monthly Convictions podcast focusing on the outlook for developed markets in 2024. The theme of renewed global disorder has been a topic of conversation for some years, emerging from a convergence of ideological, economic, political and technological transitions. These transitions spread uncertainty on a global scale and have a knock-on effect on how and when policymakers react. 2024 will be a year of transition, of turning tides, in growth, inflation and monetary policy. Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, take a closer look at Amundi’s outlook for 2024 and what this new global disorder means for markets and investments. What are the main expectations for 2024 in terms of growth across the main regions? When should we expect central banks to start cutting rates? They also discuss some of the main investment risks from the ongoing geopolitical uncertainty and its implications for asset allocation. They finish by taking broader look at some of the investment opportunities that may arise from longer term themes. Hosted by Ausha. See ausha.co/privacy-policy for more information.