THE WisdomTree BLOG
Since the US import tariffs on Chinese goods went into effect in July, China responded with a 25% import tariff on US soybeans, prompting the Trump administration to threaten further tariffs on Chinese imports. This trade war has had a noticeable impact on the soybean market, scrambling to secure supplies for the next marketing year.
With US equities in a late cycle rally, investors face difficult decisions when looking at important factor premia. To limit the risk of possible cycles of relative underperformance, WisdomTree has a unique solution: Our first multifactor index to be launched in the European market.
As the Internal Combustion Engine age slowly gives way to the next generation of automobiles, we expect an impact on the demand for metals utilised in batteries of electric vehicles. Initiatives provided by governments across the world send clear signals to automakers to shift production towards electrification.
In a world of ultra-low interest rates, investors may consider means to increase the yield on their core fixed income allocation. The Bloomberg Barclays Euro Aggregate Enhanced Yield Index and the Bloomberg Barclays Euro Treasury Enhanced Yield Index provide an opportunity to do so, while maintaining risk control.
Many clients ask us what we think about the Euro and where it may go in 2018. This is such a central question and it has implications around the world. Unfortunately, forecasting currencies is very much like putting together a puzzle, at times requiring just as much art as data. In this blog, we look at three concepts when attempting to forecast currencies and―in this case―the Euro.
The US appears to want to wage a trade war with the rest of the world. With some countries retaliating, damages to global trade could have knock-on impact on global economic growth. Nitesh Shah analyses the retaliatory impact of these developments and their impact for agricultural and industrial metal commodities.
Silver could flatline alongside gold for the year if it follows the pattern implied by our models. But there are a number of structural breaks that could occur that could see upside potential for silver, including growth in utilisation in cars, solar panels and supply disruptions from trade wars.
May 2018 was an instable month for Italian equities. Italian stocks experienced significant volatility due to uncertainty about the formation of a new government, with intensive political negotiations lasting until the very last minute. Now that Italy finally has a new government, what are the implications for Italian equities?
In the conclusion of this 3-blog series evaluating the US Dollar, Christopher Gannatti helps investors better understand the drivers behind different currency movements and examines both valuation and economic growth indicators.
Nitesh Shah
Director, Research
Nitesh is a Commodities Strategist at ETF Securities. Nitesh has 13 years of experience as an economist and strategist, covering a wide range of markets and asset classes. Prior to joining ETF Securities, Nitesh was an economist covering the European structured finance markets at Moody’s Investors Service and was a member of Moody’s global macroeconomics team. Before that he was an economist at the Pension Protection Fund and an equity strategist at Decision Economics. He started his career at HSBC Investment Bank. Nitesh holds a Bachelor of Science in Economics from the London School of Economics and a Master of Arts in International Economics and Finance from Brandeis University (USA).
Christopher Gannatti
Head of Research
Christopher Gannatti began at WisdomTree as a Research Analyst in December 2010, working directly with Jeremy Schwartz, CFA®, Director of Research. He is involved in creating and communicating WisdomTree’s thoughts on the markets, as well as analysing existing strategies and developing new approaches. Christopher came to WisdomTree from Lord Abbett, where he worked for four and a half years as a Regional Consultant. He received his MBA in Quantitative Finance, Accounting, and Economics from NYU’s Stern School of Business in 2010, and he received his bachelor’s degree from Colgate University in Economics in 2006. Christopher is a holder of the Chartered Financial Analyst designation.
Aneeka Gupta
Associate Director of Research
Aneeka Gupta is Associate Director of Research at WisdomTree. Prior to the acquisition of ETF Securities in April 2018, Aneeka worked as an Equity & Commodities Strategist at the company. Aneeka has 10 years of experience working as a Research Analyst across a wide range of asset classes. In her current role she is responsible for conducting analysis for all in-house commodity and macro publications and assisting the sales team with client queries around products and markets.
Prior to ETF Securities, Aneeka worked as an Equity Sales Trader at Sunrise Brokers across US and Pan European Exchanges. Before that she worked as an Equity Derivatives Sales Manager at Mashreq Bank in Dubai.
Aneeka holds a Bsc in Mathematics from the University of Delhi and a Masters in Mathematics from Oxford University and is also a CFA Charterholder.
Prior to ETF Securities, Aneeka worked as an Equity Sales Trader at Sunrise Brokers across US and Pan European Exchanges. Before that she worked as an Equity Derivatives Sales Manager at Mashreq Bank in Dubai.
Aneeka holds a Bsc in Mathematics from the University of Delhi and a Masters in Mathematics from Oxford University and is also a CFA Charterholder.
Nick Leung
Research Analyst
Nick Leung is a Research Analyst for WisdomTree in Europe. He is responsible for macroeconomic commentary and analysis, formulating investment strategies and trade ideas, as well as the maintenance of research collateral. Prior to joining in 2015, Nick was at Source, having completed his Master’s Degree at Imperial College London. During this time he was also involved in an ice-cream entrepreneurship project with Unilever. Nick holds a BA in Economics from the University of Nottingham.
Jason Guthrie
Director of Capital Markets
Jason Guthrie is Director of Capital Markets for WisdomTree in Europe. Guthrie is responsible for ensuring smooth trade execution across WisdomTree’s UCITS ETFs and Boost ETPs throughout Europe, Israel and Latin America. Prior to joining WisdomTree, Guthrie worked at Deutsche Bank within its ETF Capital Markets group. Before Deutsche Bank, he worked at Macquarie Bank as an Investment Executive based in Sydney, Australia. Jason holds a Bachelor of Commerce (Finance) from Macquarie University in Sydney.
Jesper Koll
WisdomTree's Head of Japan
Jesper Koll was appointed Chief Executive Officer of WisdomTree Japan on July 1, 2015. Over the past two decades Jesper has been consistently ranked as one of the top Japan strategists/economists, working as Chief Strategist and Head of Research for major U.S. investment banks J.P. Morgan and Merrill Lynch. His analysis and insights have earned him a position on several Japanese government advisory committees and Jesper is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. After arriving in Japan in 1986 Jesper initially worked as an aide to a Member of Parliament. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific.
Florian Ginez
Research Analyst
Florian Ginez is a Research Analyst for WisdomTree in Europe. He is responsible for market analysis, formulating investment and hedging strategies, trade ideas, as well as the development of products collateral and automating research processes. He also works closely with WisdomTree’s Quantitative Group on data analytics. Florian joined WisdomTree in 2016 after he started his career as an Assistant Portfolio Manager at Amaïka Asset Management in Paris, researching factor investing. Florian holds a Master’s degree from Reims Management School.
Vania Pang
Capital Markets and Investment Solutions, Index and Quantitative Investment, ICBC Credit Suisse Asset Management (International) Company Limited
Ms. Pang is responsible for Capital Markets and Investment Solutions functions of the Index and Quantitative Investment department at the ICBC Credit Suisse Asset Management (International) Company Limited. From 2012 to 2016, Ms. Pang was the Vice President of Corporate Strategy and Development, Asia Coal Limited, where she led the strategic mergers and acquisitions, capital raising and investor relations management. Prior to that, she was the Associate Director, Business Development of Crown One Asset Management Company Limited, responsible for sales and marketing of fund products. Between 2007 and 2008, Ms. Pang was Assistant Manager, Public Distribution Hong Kong (Equity Derivatives and Private Investor Product Sales) of RBS, handling sales and marketing of listed equity derivatives products. Before joining RBS, she was an anchor and reporter with the Cable TV and Hong Kong Economic Journal.
Ms. Pang holds a M.Sc. in Development Finance from The University of Manchester, a M.A. in Journalism and a B.A. in Business Administration from The Chinese University of Hong Kong.
Ms. Pang holds a M.Sc. in Development Finance from The University of Manchester, a M.A. in Journalism and a B.A. in Business Administration from The Chinese University of Hong Kong.
Jack Jiang
Senior ETF Specialist, Index and Quantitative Investment, ICBC Credit Suisse Asset Management (International) Company Limited
Mr. Jiang joined ICBC Credit Suisse Asset Management (International) Company Limited as Senior ETF Specialist of Index and Quantitative Investment Department in November 2017. Before joining ICBC CS (International), Mr. Jiang was Director, Head of China in the client coverage team of S&P Dow Jones Indices, where he led the effort on sales and marketing in China. Prior to that, he was the head of the sales team of Dow Jones Newswire in China. Mr. Jiang had also worked for Platts, another subsidiary of S&P Global as Head of Beijing office. Mr. Jiang holds double degree, a Bachelor degree of Economy in International Economy and Business, and a Bachelor degree of Science in Automobile Engineering, with a minor degree in Computer Science, from Beijing Polytechnic University.