BNP Paribas has 13 investment ideas with which they can obtain profitability in an environment of low interest rates.
If anything characterized the global economy is by its divergence. While the United States is marked on the calendar rate hike after removing liquidity injections in Europe unemployment, debt reduction, increased risk of deflation and commissioning of QE macha mark the future of the markets. In a third plane is Japan and its effort to revive growth and support inflation through expansionary monetary policies. The list closes China and its transition to a growth model driven by consumption.
In the midst of this complex scenario proposes BNP Paribas Wealth Management 13 investment ideas with which to obtain profitability in an environment of types low:
1. Corporate bonds. It is considered that there are still opportunities in corporate bonds US and European high yield. “The momentum of ratings and more relaxed lending standards should contribute to good behavior” note from the firm. They offer a level of attractive return and in the case of Europe, these are less exposed to a rise in US interest rates. Since BNP Paribas recommend investing in them through funds to benefit from adequate diversification.
2. Emerging bonds in international currency. believe that credit risks have been reduced because the quality of growth in emerging countries, especially in Asia, has isolated assets such external factors. Murcia considered stable growth in China, above 6%, coupled with the low prices of raw materials and a rise in US rates allow investors achieve positive total returns in emerging market debt in international currency . The investment in this asset class, like the above, it is advisable to do through funds. As a warning, say you have to be selective. BNP ParibasSu prefer Asia and remains negative in Russia and Brazil.
3. . European convertible bonds The return on this asset class depends on three factors: the price of the underlying securities, the evolution of credit risks and the evolution of the price volatility of underlying securities. It is recommended to focus in European convertible bonds. Such investments must be made through funds and Parvest Convertible Bond World but those willing to take more risk may do so directly. However, the company warns that it is reduced emissions and complex features in many cases.
4. The appeal of dividends. This option is designed for investors looking to gain a regular income. To take advantage of these assets and due to increased volatility, should be used as a complement and not as the only option, betting on shares with a pay out high and recurring cash flows.
5. REITs. Available in all major regions of the world, allow investors to diversify their assets by region and real estate. They offer good liquidity and active management delegate that can generate capital gains and dividends. BNP prefer listed property investments in Europe, USA and Japan. In the rest of Asia recommend be cautious and taking into account the housing situation in China as mentioned repeatedly could be lost in a bubble.
6. Strengthening dollar. A stronger dollar is the result of the acceleration of global growth, headed United States ranks. This currency appreciation benefits European and Japanese companies with exposure to the US market, favoring exports. In an environment where the sales growth is limited and where companies have a power of fixing greatly reduced prices, any factor that contributes to improving sales prospects and benefits acquired great interest. Americans sectors benefited most from this situation are the pharmaceutical, food staples, automotive, telecommunications and banks. Meanwhile, Europeans can take advantage of this are the health, semiconductors, consumer and technology.
7. Emerging markets. In BNP Paribas choose China as their favorite market after the reforms announced at the administrative level and in the financial sector and other economic measures. Secondly, opt for India and Mexico as governments of both countries are putting up tax reforms to boost growth. As an alternative option, elect to Indonesia where reforms of infrastructure and energy are the concern of the Executive.
8. Currency. The key idea is the continued appreciation of the dollar during 2015. They believe that opportunities should be higher for investors in the euro area for investors in dollars. For those who bet on euro, Norwegian krone, with the fall in oil prices has been damaged, and sterling are the most attractive currencies. For investors in dollars only the Mexican peso and the Chinese yuan have potential.
9. Flexible investment solutions. In a scenario in which the yield on government bonds is very low and credit spreads concern to investors in fixed income, alternative UCITS funds and strategies Relative Value and Long / Short Equity become interesting alternatives that can offer attractive returns. Since the signing recommends this type of investment because they allow profit even in a context of rising interest rates. Regarding the choice of Long / Shot Equity designated as one of its features the ability to take advantage of market anomalies.
10. Business investment. is closely related to the gradual recovery of economic growth. In the past five years, many US companies have delayed their investment plans because of the financial crisis and today the capital investments remain low. Meanwhile, in Europe, where economic growth has weakened in recent years, business investment have fallen massively.
11. European reborn. The process of integration and improved competitiveness in the euro area contributes to creating opportunities within the Exchange. Those who are willing to plunge risks can bet for earnings growth and have reason to do so if the prospects are confirmed.
12. Technological innovation and corporate efficiency. allow companies to streamline their costs and improve margins. The new technologies favor the leading companies. To play this paragraph recommend investing in equities in sectors such as technology, industrial or energy.
13. The impact of population aging. is a long term investment and is not linked to the economic cycle but the population of much greater seasonality. The healthcare industry, entertainment and financial services are those that benefit most from this situation. Again Japan is the country most affected by it.
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