Mellon Chief Economist Vincent Reinhart describes the Fed’s strategy as asymmetric, ambiguous and fir to the moment.
Since Covid-19 changed the world as we know it, everything from campaigning to voting has materially changed. From voter registration—to the process of voting itself—traditional processes to pick a president have been upended in unprecedented new ways, according to Chris Lucas, director of government affairs at BNY Mellon.
While both President Donald Trump and former Vice President Joe Biden have pledged to ramp up infrastructure spending if they win the election, their plans hold some notable differences. However, because renewed infrastructure is a primary goal of both candidates, Mellon portfolio manager Jim Lydotes explains why a Roosevelt style “New Deal” may be on the horizon to help stimulate the economy.
The price of gold has been on a tear since rebounding from a 10% decline in early March.¹ While the metal has been known as a safe haven during times of economic stress, there’s more to its rally than that, according to Catherine Doyle, investment specialist on Newton’s Real Return team.
A raft of recent US investment grade bond downgrades amid waves of market volatility is creating a potentially ripe area of investment in so-called fallen angels, say Mellon head of fixed income efficient beta Paul Benson and senior portfolio manager Manuel Hayes.
How will Covid-19 affect emerging markets? That the was the topic of conversation between economist Shamik Dhar and fund manager Colm McDonagh in this Q&A.
Countries all over the world are easing out of lockdown in the search for a ‘new’ normal. But could we be on the brink of another Covid-19 hit? Newton chief investment officer Curt Custard gives his take on how investors might prepare for a second round of the virus.
In today’s bond markets, a dynamic, global approach is essential to picking best-in-class credit opportunities. That’s the view of Insight Investment’s Global Credit manager Peter Bentley and EMEA head of distribution Andrew Stephens. And it’s a view that has stood the team in good stead during the Covid-19 crisis, with the BNY Mellon Global Credit Fund delivering top-quartile performance in the first half of a turbulent year.