Legal & General Investment Management

Index strategies can offer clearly-defined decarbonisation pathways that may help to avoid climate risks. We pull back the curtain on how they work.Investors around the world are integrating climate...

Key points from June’s credit strategy meeting Tighter financial conditions led us to lower our short-term for the US, UK and global market to -1. We remain slightly positive at +1 in Europe as...

The Investment Grade, Emerging Market Debt and High Yield Credit Strategy meetings that set the tone for LGIM’s macro and credit outlook were conducted early in the month.Credit markets have...

Gold may be undergoing a form of reverse alchemy, with important implications for multi-asset investors. Given its perceived status as a safe-haven asset, gold is never far from our thoughts when...

Earnings trends may be broadly neutral, but we have become more cautious on equities.Watching the autumn earnings season play out feels a bit like watching a pre-Christmas pantomime performance: the...

While you’re in it, there is no such thing as a mild bear market. But if the next recession plays out as Tim suggests, the accompanying bear market should be much less severe than the past...

The next U.S. recession, if it occurs relatively soon, is likely to be mild. This matters for the potential scale of asset price declines. We currently see the probability of the US entering recession...

Memories of high inflation have faded; what does this collective amnesia mean for inflation in the future?Inflation expectations have drifted lower because society is forgetting about inflation....

For the past 10 years or so, bad news in China was usually good news. Growth shocks triggered sizable stimuli, leading to asset price rebounds in China, emerging markets and the world more broadly....

When politics and markets intersect, the results can be unpredictable – as recent events in Italy make clear.My favourite Brothers Grimm fairy tale concerns a fisher and their partner. In brief,...

What’s behind the rally in the gold price this year?The US-China trade negotiations and government bond yields have been heading south in tandem in recent months, while the gold price has been...

Following the recent rally, we have dialled down our tactical equity exposure to neutral from positive, in light of market expectations for central bank action and the still-simmering trade warAs we...

My prediction of further Fed hikes has not come to pass, but my expectations for an extended cycle still look valid as lower interest rates and a solid consumer sector should support growth.The...

Opinion polls suggest a 'total wipeout' for the Conservative and Labour parties if a general election was held tomorrow; the 1993 Canadian Federal election offers some clues about what that would mean...

The trade war may still be dominating the headlines, but another conflict is brewing that demands investors’ attention: US regulators and lawmakers are taking on the tech giants.The latest...

Despite the lack of a firm explanation for the ‘Halloween effect’, markets have continued to exhibit seasonal tendencies since their discovery – although our new analysis suggests...