Content (11)
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White papersCombining sustainability and outperformance with credit factor investing
What is the ex-ante impact of different sustainable investment approaches on the alpha of a credit portfolio? And what can investors do who want both outperformance and sustainable credit investments? Credit factor investing provides a solution to both questions.
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White papersEmerging market equities – navigating a bumpy but attractive route
In 1990, developed markets accounted for just over 60% of global GDP and emerging markets for just under 40%.
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White papersMaking Sense Of ESG Data– How To Quantify SDG Contribution
Sustainability is one of the world’s most prevalent topics, and within asset management investors are accordingly shifting their portfolios towards environmental, social and corporate governance (ESG) investing. As a result of this increased demand for ESG investing, various frameworks have emerged such as ESG rating, ESG metrics and Sustainable Development Goal (SDG) impact.
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White papersInflation Expectations And Interest Rates In The US
Recently, concerns about rising inflation rates have grown. Yield curves have steepened and interest rate levels have increased.
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White papersIncreasing Yield with US Corporate Bonds
For 2021, with interest rates very low and spreads tight, investors are wondering where to turn in order to generate returns in the liquid fixed income universe. We will show that US credit investments offer attractive returns even after currency hedging. Due to a steep US yield curve, the expected return is higher than the current yield.
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White papersGrowth versus Value: Balancing the Risks
Across Europe, measures implemented to contain the Covid-19 pandemic are being gradually lifted. The infection rates on the continent show different dynamics with some exceptions. At the same time, the capital markets are recovering. Therefore, we are currently at the crossroads between crisis and recovery.
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White papersRealistic Assumptions For ESG Integration
Environmental, social and governance aspects are becoming increasingly important. More than 2,000 investors – with almost USD 90 trillion in assets under management – have signed the UN Principles for Responsible Investment (UN PRI). At the same time, this raises a question: what impact do ESG factors have on a portfolio?
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White papersActive multi-factor interest rate management
Quantitative alpha strategies in interest rate markets have repeatedly been questioned over recent years. Regular interventions by central banks – often running contrary to fundamental trends – were a challenge for the forecasting quality of numerous approaches. Yet it is possible to generate robust outperformance, even in difficult market conditions, by applying a diversified multi-factor rates overlay.
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White papersInnovative factors provide leading edge – on the potential of alternative data
An active, factor-based strategy focuses on tapping into new sources of data, on identifying relevant information and how to intelligently combine such information. Within this context alternative data – texts, images, or audio files – is becoming more important for the investment process, and regarding additional analytical value. At the same time, comprehensive and swift analysis requires state-of-the-art technology and plenty of experience.
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White papersUncovering the hidden beta in risk premia strategies
The long period of low interest rates made risk premia strategies popular, especially because of their promise of uncorrelated returns. February 2018 was a first stress test as equity markets lost up to 10% in a few days. The majority of strategies showed a strong link to equities and generated significant negative returns. This was a reminder that picking the right risk premia strategy is crucial.
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White papers
Factoring in the best approach
There continues to be a lot written and said about factor investing and, like any popular idea, there can be confusing and conflicting messages.
