All Active articles – Page 4
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White papersFixed income outlook: resilient US provides an anchor
The enduring resilience of the US economy will be a key driver of financial markets in 2025 and beyond. Having avoided recession, the US is returning to mid-cycle, according to economic data, while inflation has continued to ease back towards the US Federal Reserve’s (Fed) 2% target, enabling the central bank to begin cutting rates. We believe the Fed views monetary policy as restrictive and will likely continue lowering rates, albeit at a slower pace than previously expected.
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White papersESG goals, risk and returns – A new framework to optimise equity portfolios
A new paper from BNP Paribas Asset Management, “Impact of ESG Objectives on a Portfolio”, recently published in The Journal of Portfolio Management, details a framework for adding environmental, social, and governance objectives to passively and actively managed equity portfolios so that the impact of the ESG criteria on risk and return is minimised.
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White papersAI-enabled robotics and automation
Advances in technologies such as AI are likely to create large new market opportunities for innovative firms in the automation market
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White papersWhat does Trump 2.0 mean for emerging markets?
The shift on domestic and foreign policy under the incoming US administration presents a wide range of potential outcomes for EM.
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White papersEngagement has a crucial role to play in the green transition
The transition to net zero cannot be achieved without directly tackling carbon-intensive industries. Investor engagement can provide a vital platform to facilitate change among high emitters.
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White papersAddressing misconceptions with net-zero investing
The journey towards achieving carbon neutrality, or net zero, by 2050 is not only essential for our planet but also increasingly demanded by investors. Motivations for those seeking to align their portfolios with net-zero often vary — spanning financial, societal, and ethical domains — yet many investors hold a common set of misconceptions related to implementation.
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White papersReframing the climate question
How should an investor balance a focus on reducing their climate impact with a desire for financial returns? And how does a company management team accommodate what can often be seen as competing demands?
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White papersGlobal Investment Views - October 2024
Capital markets whipsawed between a weakening US labour market and hopes that the Fed would successfully steer the economy towards a soft landing. Markets are optimistically interpreting the latest policy action, which could potentially boost consumption and investment. The other narrative is that the Fed would not have implemented a big cut without having apprehensions on the economic front.
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White papersIndex investing as an active decision: implications for equity investors
Today’s passive index investing requires active choices, as customization and innovations in index funds have resulted in new considerations for investors and the potential for greater control.
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White papersThe technology sector – An update after the summer volatility
Volatility may be part and parcel of equity markets, but this summer’s swings stand out. The causes cited for the sell-off included concerns over the outlook for the US economy and an unwinding of yen carry trades. Investors also worried about the risk of the vast sums being invested in artificial intelligence (AI) ultimately not generating sufficient returns. Daniel Morris investigates the AI angle.*
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White papersInvesting in megatrends with thematic and exchange-traded funds (Part 1)
New research from BNP Paribas Asset Management’s Quantitative Research Group delves into thematic investing strategies. These investments target the long-term megatrends that are transforming economies, society and business models. This is the first of two extracts. It answers five questions to help investors understand the appeal and extent of, and risks involved in, megatrend investing.
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White papersA time and place for small cap equities
After handily outperforming both large caps and the broader U.S. equity market for the one-year period following the COVID recession in the spring of 2020, small cap stocks have since lagged, despite posting healthy double-digit gains in two of the past three calendar years. This performance gap reflects in part the narrow but persistent market leadership of a few high-flying mega cap technology companies supported by artificial intelligence (AI) tailwinds.
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PodcastEmbracing the journey: PEI roundtable podcast on the secondaries market in the last decade
The global secondaries market has grown from roughly USD 47 billion in 2014 to more than USD 100 billion today as fund investors and fund managers alike have embraced the secondary market as a tool to actively manage their respective portfolios.
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VideoInvestment grade: attractive yields with lower risk profile
The asset class is in a fundamentally good place, with the past few years seeing index yields rise to 5.5% – competing quite well with asset classes such as equities.
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White papersBuy and maintain: an alternate approach to fixed income investing
Nuveen’s approach to buy and maintain investing combines the power of active investing — including diversification and stringent credit risk management — with the benefits of passive investing, such as low turnover and cost-effective fees.
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VideoEOS 20th anniversary: stewardship reflections
In celebration of EOS’ 20th anniversary, Leon Kamhi reflects on the changes he has seen in stewardship over the years and his vision for the future.
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White papersThe New Frontier in Fixed Income: Systematic Investing
Bond investors have been looking for an approach that delivers attractive, repeatable, uncorrelated active returns. Is their wait over?
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White papersMidyear Outlook 2024: the new reality of investing
2024 so far has been a year of diverging economies, equity market highs and election fever – with far more to come.
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White papersThe Importance of Active Ownership
Shareholder engagement is for life, not just for proxy-voting season.
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White papersThe snap election could put QE losses back in focus
Back in 2021, when the Bank of England (BoE) announced the end of quantitative easing (QE) and the beginning of quantitative tightening (QT), few commentators understood how out of kilter the Bank’s balance sheet had become compared to central bank norms. The result has been losses on the BoE bond portfolios that dwarf those of other central banks.
