Author Archives: Monica Defend

About Monica Defend

Monica Defend is the Head of Global Asset Allocation Research with Pioneer. Investments in Italy. She has been working in the investments industry since 1997. She is responsible for providing asset allocation recommendations and core. investment strategies at macro, sector and national level. The Global Asset Allocation Research team is responsible for the short, medium and long-term asset. class forecast; asset class valuation; the construction and implementation of trading rules and closely monitoring the financial markets. Monica moved to the Milan office as Head of Italian Quantitative Research. Prior to that, she was a Quantitative Analyst in the Dublin office. Monica has a degree in Social and Economics Sciences from Bocconi University. She also holds a Master’s degree in Economics from Bocconi University and Master’s degree in Financial Economics from London Business School-Bocconi. She has been a member of the Unicredit Management and Banking Academy since 2004.

Champagne for Risk Assets

First round French presidential elections results: Key takeaways It was an absolutely unprecedented first round, with four contenders quite close in the polls and just one of them (not ranked among the strongest) belonging to a traditional party. This unpredictability … Continue reading

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French Election Countdown

On Sunday April 23, the eyes of millions of Europeans will be on the outcome of the first round of French Presidential elections, as the vote is considered a test for the future of the European Union. A potential victory … Continue reading

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Brexit: What is Next after Article 50 Activation

With the triggering of Article 50 of the Lisbon Treaty, the UK has officially started the two-year process that will drive the country out of the European Union. The six-page letter was delivered to Mr. Tusk, the president of the … Continue reading

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Growth and Inflation: A New Narrative?

In the second half of 2016, the growth premium favored Developed Markets (DMs) vs Emerging Markets (EMs) – with DMs regaining the macro momentum lost in the first part of 2016. We now expect DMs and EMs to display similar, … Continue reading

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Italian Referendum: It’s a NO

Italy  voted “no” in yesterday’s Referendum, rejecting Prime Minister Renzi’s proposed changes connected to the electoral reform. This outcome will bring, in our view, a phase of relative uncertainty, with Renzi’s resignation announced last night and the possible formation of … Continue reading

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