We expected the BOJ easing would come only after concrete plans for the extra budget are finalized, which we estimated to be around mid-September. However, Prime Minister Abe surprised the market on Wednesday by unveiling a 28 trillion yen fiscal package.
We’re now past the one-month post-Brexit vote mark, and the dust does appear to be settling in the fixed income markets. The initial knee-jerk responses in both the interest- and credit-sensitive arenas have given way to more of a focus of what market conditions may be like during the second half of this year and into 2017.
Our first U.S. dividend Indexes have now been around for more than 10 years, calculated in real time. Our 10-year review has led to a stunning result: In a period where the growth style outperformed the value style, WisdomTree’s dividend Indexes tended to keep close pace or in some cases outperform core, market capitalization- weighted benchmarks.
Gaurav Sinha recently had an opportunity to speak with Morgan Stanley’s Head of India Research, Ridham Desai. They discussed a range of issues covering India’s macroeconomics in the wake of global events such as the resignation of Dr. Raghuram Rajan Brexit.
Investors looking to maximize the benefits of global diversification may need a nutritional supplement to ACWI to complete their asset allocation. That’s where global small caps come in.