Deutsche Bank’s strategists have been hard at work on a new report titled, ‘Mapping the Financial Market in 2015.’ If you’re wondering which areas of the buy-side are growing and which aren’t, it has the answers. It also offers useful pointers on the securities you might want to trade and those you might want to avoid specializing in at all costs.
We’ve extracted the most pertinent charts and inserted them below. US ETFs are good. CDS trading desks are not.
1. Western European and German bond funds are good. Emerging Europe bond funds are bad
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2. Emerging market capital flows are still high historically. Related jobs should be treated with caution
3. The heyday for volume-focused bond traders was 2011. It’s all been downhill since
4. US MBS traders are still on a downer
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5. The home equity ABS securitization market in the US is still dead. As per reports, auto-loan ABS is a big growth area, but is still low – comparatively
6. Exchange traded derivatives are growing. OTC derivatives are not
7. Rates derivatives constitute the bulk of the OTC market. But FX OTC derivatives are more of a growth area (just)
8. CDS trading jobs are bad (see Deutsche’s withdrawal from this market)
9. Exchange traded derivatives are growing most in North America
![Deutsche Bank ETFs]()
10. You want to be working in a US equity ETF fund
11. Fund management is a long term growth area
12. Broadly, hedge funds are a long term growth area too
13. You are advised to find a non-commodity focused role in a sovereign wealth fund
