What wages and jobs are telling us about recession and rates

Consumers are feeling gloomy, but are we still headed for recession? With inflation “sufficiently well-behaved”, the main factors to watch now are unemployment and wages, says our head of bond strategies Tim Hext in our latest fast podcast. Here Tim explains the outlook for wages and jobs -- and …

Be prepared for more US bank turmoil

How should fixed interest investors think about the turmoil among US regional banks? In our latest fast podcast, Pendal assistant portfolio manager Oliver Ge gives a plain-language explanation. --//-- Find out more about Pendal's fixed income strategies at pend.al/fixedinterest Pendal is an inde…

Head to head: Pendal equities chief Crispin Murray and bonds boss Tim Hext

There are a mind-boggling number of issues investors need to stay on top of in 2023: the potential for recession, government intervention, wages growth, inflation and rates to name a few. And there are differing views on these issues across the investing spectrum. To cut through the noise and fin…

Amy Xie Patrick: Prepare for likely recession with long-duration bonds

An economic recession is highly likely in 2023, says Pendal’s head of income strategies Amy Xie Patrick. How should investors respond? EXCERPT: We think an economic recession is highly, highly likely in 2023. How should investors be positioning their portfolios? An easy decision is to consider …

Ashley Pittard: What ChatGPT means for investors

Internet search has been upended by ChatGPT – an example of “generative artificial intelligence” that can scan existing knowledge and create new and original data such as images, text and music. Will programs such as ChatGPT bring real, sweeping change to everything we know? Or is it just the next…

Asset allocation tips from Pendal’s head of multi-asset Michael Blayney

In our final fast podcast for the year, Pendal’s head of multi-asset Michael Blayney talks about the lessons of 2022, how he’s valuing major asset classes right now and suitable portfolio settings. Pendal's fast podcast series will return in 2023. --//-- Find out about Pendal’s multi asset funds…

The signals that will bring rate hikes to an end

What will prompt central banks to stop hiking interest rates altogether? Look to wages for the answer, says Pendal’s head of income strategies AMY XIE PATRICK Excerpt: “The US Fed is looking for inflation not only peaking but coming down very convincingly to its 2% target,” says our head of incom…

Why bonds look compelling towards mid-2023

There are signs that inflation has peaked and is due to come off in the next few quarters. That would invariably take us to a position, maybe in Q2 2023, where it looks quite compelling for us to own bonds, says Oliver Ge, an assistant portfolio manager with Pendal's Income and Fixed Interest team…

What the Budget, inflation and rates mean for investors

What do this week's Budget and inflation numbers — and next week’s likely 25-point rate rise — mean for 2023? And how will that impact the role of bonds in portfolios? Here's a quick explanation from Pendal’s head of government bond strategies Tim Hext. --//-- Find out more about Pendal's fixed…

Why it's a misconception that you shouldn’t buy bonds in a hiking cycle

Bonds can be an appropriate investment in a hiking cycle – as long as you know what to look for, argues Pendal’s head of income strategies AMY XIE PATRICK Excerpt: "Even though central banks may need to keep on hiking, now their mantra is very well flagged to the market there is hope that bonds d…