[IFA Leading Co., Ltd.] IFA Leading is run by a full-time strategist Revealing a review and outlook for domestic and international economic and financial markets in 2023/2024
*View in browser* *IFA Leading Co., Ltd.*
Press release: December 20, 2023
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IFA Leading releases a review and outlook for domestic and
international economic and financial markets in 2023/2024 by a dedicated strategist
IFA Leading Co., Ltd. aims to transform financial services in Japan as an independent financial advisor (IFA)
(Head office: Shibuya-ku, Tokyo, Representative director: Hasegawa With the aim of providing our customers with the latest high-quality financial information and supporting them in making appropriate investment decisions, our dedicated strategists explain and
independently analyze domestic and international financial and economic conditions and monetary policies, and provide official information. We have been distributing “House View,” which summarizes our investment opinions, to our customers on a monthly basis, and have also made some of the content available to the public. We would like to share with you our strategist and executive officer Takuya Hozumi’s review of 2023 and the outlook for the domestic and international economic and financial markets in 2024.
* Review and outlook for domestic and international economic and financial markets in 2023/2024*
If I were to express the financial markets of 2023 in one word, I think the word “high” would be the most appropriate. Yields on government bonds in major countries reached historically high levels due to monetary tightening by major central banks aimed at calming inflation, and the Bank of Japan continued large-scale monetary easing, resulting in a significant appreciation of the dollar and depreciation of the yen. I did. Furthermore, the global stock market has risen significantly due to the normalization of economic activity and expectations for growth in next-generation fields such as AI (artificial intelligence). In this way, 2023 can be said to be a year in which many things surrounding the financial market rose.
In 2024, we believe that the key question will continue to be whether the global economy can maintain its resilience as it faces the challenges of low growth and inflation. The key to this will be the US price situation and the direction of monetary policy. The most recent meeting of the Federal Open Market Committee (FOMC) indicated that interest rates are at or near the peak of the tightening cycle. All eyes will be on whether the US will turn to monetary easing in the first half of 2024, as predicted by financial markets.
The direction of US consumer spending is also worth paying attention to. We believe that the reason the world economy remained strong in 2023 despite the monetary tightening over the past two years was that consumer spending in the United States, which accounts for about one-sixth of global GDP, was strong. just,
Currently, there are concerns about the future, such as an increase in credit card delinquency rates, and it seems necessary to keep a close eye on future trends.
In addition to this, 2024 is also characterized by being an election year worldwide. In particular, the US presidential election is positioned as the most important event that will determine the future conflict between the US and China. Additionally, a presidential election is coming up in Taiwan, which is at the forefront of the US-China conflict and is a source of cutting-edge semiconductors. As geopolitical risks become more apparent globally, this will attract attention in predicting the direction in which the global balance of power will move in the future.
*Economic growth rate trends and outlook for major countries and regions* Source: Created by our company based on data released by the Organization for Economic Co-operation and Development (OECD) in November 2023.
IFA
Leading has a vision of “realizing a prosperous world born from a new ‘circulation of money'” and will start a financial products
intermediary business in June 2022 with the aim of transforming Japan’s financial services. As of now, the total assets under custody exceeded 26 billion yen. At our company, we place the utmost importance on transparency in asset management, and in addition to adopting a balance-linked fee model, which is still under development in Japan, we also We practice a “goal-based approach” in which our investment professionals work with our clients to uncover their potential goals.
As a financial institution that has solid financial knowledge and ethical standards and continues to consider and act on “a better way of finance,” we will continue to pursue optimal solutions on a daily basis to meet customer needs that change with the times. We will continue to strive to expand our services.
*Comment from IFALeading CIO Takuya Hozumi*
In 2023, IFALeading will focus on enhancing its research capabilities in order to provide our customers with deeper insights and concrete investment proposals.Every month, IFALeading will rely on outside experts to create the House View, our investment opinion. We sought to deepen the content by exchanging opinions with prominent analysts and data scientists. Additionally, within the company, we have worked to strengthen our organizational support system by proactively hiring bond investment experts and other human resources.
Next year, we will continue to expand our content to be useful to investors by providing timely information such as house views and spot reports.
CIO/Chief Portfolio Strategist
Takuya Hozumi
(career)
Joined Nikko Cordial Securities (currently SMBC Nikko Securities) in 2008, and then joined Tokyo Star Bank in 2013, both engaged in asset management consulting mainly for high-net-worth individuals. Joined Mitsubishi UFJ Morgan Stanley Securities in 2014. As a global investment strategist in the Wealth Management Research Department, he develops portfolio construction, expected returns for asset classes, and investment strategies for global stocks. Current position from December 2022.
* ◆About “House View”*
IFA
At Leading, in order to provide high-quality information to our customers, we individually deliver “House View”, which summarizes investment opinions, as a tool to support investment decisions. With the aim of widely distributing high-quality financial information to those who are considering making an investment, we will be posting excerpts from “House View” on our website starting January 2023, and will provide information on the “investment environment”. Reports are made available to the public every month.
In the IFA industry, there are still very few companies that provide their own “house view”, and we are proud of this initiative. However, at our company, our full-time strategists provide detailed information on domestic and international financial and economic conditions and monetary policy from a professional perspective. We provide a wide range of information, including explanations of the current investment environment, outlook for each asset class, and our investment strategies.
Click here for House View (https://ifa-leading.com/houseview/
Company name: IFA Leading Co., Ltd.
Location: 2-8-9 Ebisu Minami, Shibuya-ku, Tokyo
Representative name: Representative Director Manabu Hasegawa Established: May 11, 2021
Business content: Financial products intermediary business
Registration number: Financial instruments intermediary Kanto Local Finance Bureau (Kinnaka) No. 959
http://ifa-leading.com