Alternatives – Page 31
-
White papersFixed Income: Back To Core - Charts And Views
The ongoing slowdown in global trade will weaken global GDP growth further in 2020 – especially in advanced economies skewed towards the manufacturing sector – but a full-blown recession is unlikely, in our view. This situation will encourage policymakers to finally add fiscal stimulus to the policy mix, possibly extending the economic and credit cycles. Monetary policy is unlikely to become much more accommodative and market expectations will have to adjust, likely driving bond volatility higher with a possible bottoming out of core bond yields.
-
White papersGlobal Emerging Markets: ESG Materiality, Q3 2019
Welcome to the Hermes Global Emerging Markets’ ESG Materiality commentary – a quarterly publication that demonstrates our engagement activity with portfolio companies and showcases holdings that are creating positive impact aligned to the Sustainable Development Goals. In addition, we explore an environmental, social and governance theme and its implications for the asset class.
-
White papersHow Crucial is a Weaker Dollar in Supporting an EM Rally?
As concerns of a near-term recession seem to have dissipated, we think—in what may be somewhat of a contrarian call—riskier assets look well-positioned to potentially outperform in the year ahead.
-
White papersHow Institutional Investors Embrace Responsible Investing
Responsible investing has gathered enough momentum to reach the mainstream. What is less clear is how advanced global institutional investors are in the process of integrating ESG principles into their investment decisions.
-
White papersInitial Margin Landscape
Neil Murphy, business manager of triResolve, discusses what the regulatory initial margin landscape changes mean to the market and how in-scope firms for phase 5 and 6 may decide to take an alternative approach to IM compliance.
-
White papersStewardship: the 2020 vision
We call for a seismic change in the way the investment management industry operates: from one that has for too long focused on short-term returns, at the expense of sustainable wealth creation. In our view, successful stewardship needs to be at the heart of business purpose and inextricably linked to investment decision-making. In order for this to happen, we need a “new normal” in the relationship between asset manager and the companies in which they invest.
-
White papersTotal Portfolio Impact
The investment management industry is experiencing a fundamental change as two long-running trends converge: first, a belief that material environmental, social and governance (ESG) characteristics can be a driver of better long-term investment performance, and second, a demand from clients to understand the social and environmental impact of their portfolio alongside investment performance.
-
White papersHow The Dollar Explains the State of the World
The global economy may be changing more slowly than you might think. How the dollar continues to serve as the global currency standard and what it tells is about the economy and the world.
-
White papersComing of age: 15 years of stewardship services with Hermes EOS
In the 15 years since Hermes EOS was launched, stewardship has travelled from the fringes to the mainstream, with the benefits of engaging with companies on environmental, social and governance (ESG) risks and opportunities now more widely recognised by investors and regulators.
-
White papersLiquidity Dilemma Needs A Regulatory Response
A few high-profile fund suspensions have recently driven the focus back to market liquidity and how this can affect the ability of funds to meet certain redemption scenarios. Despite ample liquidity at the macro level, some areas of strain remain at the micro level and could worsen in case of a material deterioration of economic conditions, a recession or a spike in volatility.
-
White papersSustainable infrastructure: it’s not just about clean energy
Decarbonising existing infrastructure will reduce greenhouse gas emissions and reinforce investment returns
-
White papersAn Update On Our ESG Scores - Balancing E, S, and G to understand Global Macro Views.
In early 2018, Templeton Global Macro (TGM) published Global Macro Shifts issue 9— Environmental, Social and Governance Factors in Global Macro Investing [GMS-9]. The paper explored how we evaluate environmental, social and governance (ESG) factors in our macroeconomic research process and described the process of codifying the team’s research discussions into quantifiable scores.
-
White papersBeyond Alignment: Contributing To The Sustainable Development Goals
How impact management contributes to specific targets and indicators behind each Sustainable Development Goal.
-
White papersForecasting Combination: An Application For Exchange Rates
This paper tries to forecast exchange rates by comparing forecasting methods that take into account cointegration and methods that do not. The first finding is that taking into account cointegration provides better forecasting results.
-
White papers
Navigating Uncleared Margin Rules
CME Group offers bilateral and cleared solutions to help you comply with UMR, minimize impacts to your firm and add capital efficiencies.
-
White papersImpactful intent: RPI report 2019
In 2018 we launched the Hermes impactful intent framework as part of our commitment to deliver positive societal and environmental outcomes alongside strong risk-adjusted returns. In our 2019 responsible property investment (RPI) report, we consider how our holistic approach to real-estate investment has created healthier workplaces and helped bring the ‘meaningful city’ concept to life.
-
White papersSpotlight on the circular economy - Targeting sustainable development by ‘closing the loop’
Since the start of the industrial era, linear economic models have dominated the global economy, with resources typically extracted, used and then disposed of as waste.
-
White papersMeasuring the market impact of geopolitics
Geopolitical risk is on the rise and investors will increasingly need to take it into account in the coming years. Our analysis looks at how it can impact portfolios and what investors can do about it in terms of strategy.
-
White papersDiscovering Value In Climate Change Investing
Integrating six climate considerations with impact on long-term business performance into an investment process.
-
White papersRising U.S. farm debt and the implications for farmland investors
Three consecutive years of disappointing commodity prices has led to farmer incomes decreasing year after year. Low prices for soybeans, corn, milk and beef have reduced the level of farm income and 2019 is not expected to provide a deviation from this trend.
