CPD Events

The Rise of Carry

05 Aug 2020

About the event

Over the last three decades global financial markets have become dominated by carry trades. The emergence of this “carry regime” has very important consequences for the world economy; yet is still not widely understood. In this talk; we will explain why this system developed; how it impacts the returns to risky assets and what potential paths lie ahead of us. Our talk explains how carry trades drive market liquidity; credit creation and the pattern of market returns. We then discuss how and why the S&P 500 itself has been turned into the world’s most important carry trade. Central banks; in particular the Fed; have been captured by this process and we show how their actions contribute to the carry regime’s growth. Lastly; we discuss how the markets might evolve in the future and what indicators will tell us if the carry regime is ending or continuing to grow. The talk will draw on research and theory from the authors’ book; which was ranked #1 in a range of Amazon business and investment categories this spring.

CPD Provider

Fitch Learning

Fitch Learning

Fitch Learning

Part of the Fitch Group, Fitch Learning partners with clients to enhance knowledge, skills and conduct. With centers in London, New York, Chicago, Singapore, Dubai and Hong Kong, we are committed to questioning and understanding client needs across the globe and on the ground locally. Our people advise and build learning solutions to accelerate the achievements of the individual and the company, across the entire employee lifestyle. Our courses cover a wide range of financial topics across ten sectors: • Corporate Credit Analysis • Bank Analysis • Insurance Company Analysis • Corporate Finance • Risk Management in Financial Institutions • Structured Finance & Securitization • Non-Bank Financial Institutions • Modeling & Excel • Capital Markets & Investment • Professional Skills Fitch Learning also offers customized, in-house training to meet your specific requirements. We work with our clients to define your needs and work in partnership with you to deliver truly blended, innovative solutions. Our extensive expertise and global teams mean that we can deliver across a range of industries and subject matter.

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