Candriam’s evaluation of its portfolios’ carbon footprint takes into account scopes 1 and 2 of the greenhouse gas (GHG) emissions of the different private issuers included in the SRI funds and their benchmark indices.

The multiple shocks experienced so far in 2022 have led to a rare simultaneous decline in equity and bond values. As uncomfortably high inflation leads major central banks to tighten monetary policies, investors are preparing for the landing of the global economy.

The performance of financial markets improved in May, with US markets posting a positive performance for the first time this year.

Markets remain nervous, as investors perceive the Fed as being behind the curve in taking control over inflation.

Global equity markets stabilised somewhat in May after the significant correction since the beginning of the year.

The time was July 2011. Despite the eurozone debt crisis, Jean-Claude Trichet raised the ECB’s key rate to 1.50%. He needed to combat inflation, which was dangerously close to... 2.50%. We all know what followed, traumatising many a bond investor facing deflation in Europe and the debt crisis in the weaker European nations.

After several decades of riding a government bonds bull market, investors are now looking for alternative drivers of return.

The reasons for a prudent allocation have not changed in recent weeks.

The performance of the fixed income asset class was impacted by geopolitics, the rise in inflation and the generally hawkish stance of central banks.