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Top related persons:
Marco Pirondini - 2 Pirondini - 2 Craig Sterling - 1 Amundi - 1
Top related locs:
Japan
Top related orgs:
Business - 2 Amundi - 2 Microsoft - 1 Apple - 1 Nvidia - 1 NYSE - 1 Service - 1 New York Stock Exchange - 1

Search resuls for: "Pirondini"


4 mentions found


☆ A CIO at a $2 trillion asset manager says the Magnificent 7 are too expensive, and shares which sectors investors should focus on and which to avoid in 2024
  + stars: | 2024-02-06 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +4 min
Marco Pirondini, the CIO of Amundi US, shared the same sentiments as his colleague and warned investors about following the crowd this year. In a recent interview with Business Insider, Pirondini emphasized the advantages of adding longer-duration bonds at a time when yields remain near 5%. He noted that the asset class was a great way to ensure steady yields in a complex economic environment. When interest rates were lower, you could justify paying higher multiples. After the stress that banks endured in 2023, they are expected to be the beneficiaries of dropping interest rates, he said.
Persons: Craig Sterling, Marco Pirondini, Pirondini Organizations: Microsoft, Apple, Nvidia, Business, Amundi, NYSE Locations: Japan
☆ The CIO at a $2 trillion asset manager shares how he's structuring his portfolio for steady income over the next 5 to 10 years — and why he's betting again on a bond that returned 20% in 2023
  + stars: | 2024-02-02 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +3 min
Hindsight is 20/20 — or in this case, 2023, which we can now call the year of the recession that never came. Increasing bond exposure will act as a type of long-term insurance policy by providing steady returns for a portfolio. "That doesn't mean that we cannot take risks anywhere in financial markets," Pirondini said. In my portfolio, 4% allocation was to catastrophe bonds last year. The return was about 20%, one of the best areas of any market, and this year, we are redoing the same asset allocation choice."
Persons: Marco Pirondini, Amundi, Pirondini Organizations: Service, Amundi, New York Stock Exchange, Business
☆ The Fed likely won't cut rates this year. Why that's good news for markets
  + stars: | 2023-05-14 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe. Still, investors have remained hyper-alert for signs that the central bank could let up its brisk clip of interest rate increases. The central bank also opened the door to a pause, accelerating bets that the Fed will hold rates steady at its next meeting in June and cut rates as soon as July. The Fed is unlikely to cut rates in JulyExperts say that the Fed won’t cut rates anytime soon for two key reasons: Inflation remains sticky, and the economy has stayed strong. that’s not to say that a Fed rate cut this year is completely out of the cards, says Nicole Webb, senior vice president at Wealth Enhancement Group.
☆ It’s been 35 years since the epic Black Monday crash. What have investors learned?
  + stars: | 2022-10-19 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
CNN Business spoke to Jon Hirtle, a broker at Goldman Sachs in 1987, to get his recollections about Black Monday. That’s led some Wall Street veterans to derisively refer to the NYSE as nothing more than a glorified TV studio. Goldman Sachs announced Tuesday that it is merging its trading and investment banking businesses into a single unit. CEO David Solomon said that the move is a “realignment” that will allow Goldman Sachs to better serve its customers. There are growing concerns on Wall Street (and Main Street) about an economic downturn.
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