PowerPoint Presentation
PineBridge Investments, Taiwan30 May 2016
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v.s.?
(6/2)ECBISMMarkit/
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2
2
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Bloomberg2016/05/27%-
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44
Bloomberg2016/05/27% -
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Bloomberg 2016/05/27JPJACI% -
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66
Bloomberg2016/05/27%-
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77
MOVEVIXBloomberg2016/05/27-1bps1.85%2.55%VIX13.68%13.129.01%
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Bloomberg2016/05/272016/05/260.52%11bps559bps52620.71.32218(2016/05/26)-bps
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99*FLOW FOLLOW RETURN SO RETAIL REACTED ///// not interest rate
risk, flow still fly to IG1, RUSSIA 2. Q2 Profit taking
Global recovery b. low default risk c. low yield envirnoment
mutual fund ETF
0.29%4bps395bps5263.24(2016/05/26)-2bpsBloomberg2016/05/272016/05/26
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1010
v.s.?
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: () Bloomberg: 2016/4/30() BOA:
2016/5/12Fitch(2016/5/4)923%13%
EuroJapanSwitzerland
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: GS() : 2016/4/14(): 2016/5/3?
1.7%
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5 3 70 3 5 ()/ 3
200960.90%1531(515)22.5%15.1%200210.90%991(171)4.0%3.0%199030.81%7904
-2.6%5.7%200850.95%765(155)4.0%-3.4%200381.18%746(152)3.3%6.2%199231.00%729(239)8.2%2.5%2010120.74%659(82)3.2%4.2%199920.74%611(32)0.2%2.2%200010.74%605(65)2.3%-1.4%200460.99%499(47)-0.4%4.4%201370.70%46925
-1.1%3.0%199641.18%461(80)0.9%1.9%198851.05%458(41)0.5%1.0%198751.44%425(107)-2.8%4.1%1994110.98%4058
-0.8%5.5%199441.61%3709
-4.8%1.1%1.01%670(108)2.5%3.4%0.98%611(80)0.9%2.7%
5 70 80-100%
3
S&P/LSTAJPMorgan2016/05
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MS2016/05/02
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1515
MS2016/05/02
201665020151310
2016
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: () MS2016/05/02() Bloomberg2016/05/23
CDSS&P500
CDS S&P500
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1517
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5:5.5% 2016/05/17
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1519
5:
2016/05/17
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1520
5:
2016/05/17
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1521
-
--5:17
2016/05/17
-
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PineBridge Investments IP Holding Company Limited()
10101310414410 (02)2516-7883407386128(04)2217-81688026171(A5)
(07)335-5898 TR105079
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()Rule 144A
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