Risk

Invesco released its seventh Invesco Global Sovereign Asset Management Study, an annual in-depth report on the complex investment behaviour of sovereign wealth funds and central banks, which this year shows disenchantment with Europe among sovereign investors.

The excited hyperbole of restructuring announcements can’t mask a central reality: from an industry perspective what Deutsche Bank is planning is not that radical and the targeted metrics hardly industry-busting. And is it all coming too late?

The direction of Deutsche Bank’s ’BBB’ rating will depend on how the bank progresses with its restructuring plan, Fitch Ratings says. The plan shows management’s determination to strengthen the bank’s business model and address its key weaknesses.

Average cash balance soars to 5.6% from 4.6% for each of the last three months, marking the biggest jump in cash since the debt ceiling crisis in 2011; allocation to cash jumps 10ppt from last month to net 43% overweight

The first quarter of 2019 certainly ended with a brighter outlook than could be seen when it began. The resolution of several uncertainties and clear signals of support for the economy coming from central banks are reviving attraction to and appetite for risk assets. Does that mean it’s time to start changing portfolio allocations?