All Alternatives articles – Page 57
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White papersCross Asset Investment Strategy - March 2019
If an investor had woken up today after three months and looked at the markets, he/she could reasonably say that not much had changed. The year started on strong footing and risk assets experienced a massive rebound in the first weeks of 2019, erasing most of the losses experienced in one of the most awful Decembers in history. As a result some valuation gaps have been closed somewhat, though not exhausted. Markets switched rapidly from a “fear” to a “greed” mood. Catalysts of the renewed optimism have included the dovish shift in the Federal Reserve’s strategy, and increasing signs of progress in the trade negotiations between the US and China.
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White papersH1 2019 - Emerging Markets Charts & Views: Seek opportunities, but be aware of short-term volatility
Emerging markets (EM) started 2019 on a strong footing and, as a result, some excessive valuation gaps have been partially closed. Yet, we continue to see opportunities in all EM segments (equity, bonds in hard currency and in local currency) with a medium to long-term view.
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White papersSpotlight on addressing climate change
In 2018, a group of leading climate scientists warned there is only a dozen years for global warming to be kept to a maximum of 1.5°C in a report published by the UN Intergovernmental panel on Climate Change (IPCC). It states that even half a degree beyond this temperatures will have significant environmental consequences, such as increased risk of heatwaves, droughts, floods and food shortages.
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White papersFX Options Skews: Economics and Implications
Are FX options skews a useful indicator of whether a currency will rise or fall against the U.S. dollar? We looked at some out-of-the-money puts and calls.
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White papersMarket Risk Insights
Mountaineers know that acclimatisation provides the best chance of success in an attempt on a formidable peak – and there are strong parallels with investing. In 2019, investors will need to be the equivalent of mountain-fit in their terrain: the markets
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White papersTop trends in 2019 – Infrastructure Outlook
This paper focuses on three key themes in Europe and North America to help investors navigate portfolio allocation decisions.
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White papersBrexit Do-Over?
Will Prime Minister Theresa May’s proposal win the day for Brexit or will there be another referendum? The British pound is caught in the middle.
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White papersImpact Report Q4 2018
From ending poverty and reducing inequality to tackling climate change and working to preserve our oceans and forests, humanity faces a number of global challenges. Today, investors are realising that companies have the power to address these critical challenges, but bold action must be taken.
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White papersThe future of energy
As we approach ‘peak oil’, what does this mean for the fossil fuel industry and alternative sources of energy?
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White papersDream or dystopia?
Cities will face severe challenges over the coming decades, including digital disruption, population management and climate change. How they adapt to these pressures will determine the winning – and losing – cities of the future.
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White papersHedging Repo Exposure in the Treasury Basis with One-Month SOFR Futures
Learn how CME One-Month SOFR futures can be used as an effective tool for hedging Treasury overnight repo exposure.
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White papersBig Challenges for Equities, Bonds and FX Markets
A series of challenges, from the debt ceiling to Fed quantitative tightening to Brexit, will be confronting a variety of markets.
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White papersFed to End Diet
The Fed’s program to shrink its bloated balance sheet post-quantitative easing is drawing to a close earlier than planned as liabilities pose constraints.
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White papers360 – Fixed Income report, Q1 2019
To be considered relevant, a factor must first and foremost be backed by ample empirical evidence. In the absence of such evidence, academic research on multi-asset factor premiums could suffer from ‘p-hacking’ (or ‘data mining’). Recent research by Robeco uses new and previously unused deep historical financial data. The results allay any p-hacking concerns.
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White papersHow Airports Are Flying High: A Social Perspective
Holding airport bonds in our social strategies often raises questions. But aviation brings huge social and economic benefits, and is making great environmental strides
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White papersIndia: Rupee Faces Significant Risks from April Elections
Indians go the polls in April to elect a new leadership. Can Prime Minister Modi’s party win an outright majority or will India have a coalition government?
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White papers
Brent-WTI Oil Spread Taking Cue from Houston-Midland?
The price spread between two relatively new futures contracts, WTI Midland and WTI Houston, has been over the past two years a leading indicator of the spread between the two most venerable crude oil futures contracts: WTI and Brent. The economics behind this might offer clues about how oil markets evolve in the future.
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White papers
China: Looking at Growth Past the Trade War
China’s growth is decelerating, it is loaded with debt and is involved in a high stakes trade war with the United States. Despite these issues, China’s economy appears to be holding up better than one might have expected. In fact, China’s growth could even accelerate in 2019 in response to aggressive monetary easing.
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White papersThe Journey of Sustainable Investing A multi-asset approach seeking returns and a better future
Maria Municchi, a fund manager in the M&G Multi Asset team, discusses the development of sustainable investing over time, and explains how we incorporate it with our long-standing multi-asset approach in a new investment strategy.
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White papersShareholder Rights Directive: A step towards sustainable capitalism
For too long, the majority of the investment community has neglected its fiduciary responsibilities, whilst investors focused on short-term financial returns, most failed to notice the approaching global financial crisis. Alarm bells should have rung across investment houses as increasingly complex financial models, inadequately managed risk taking and inappropriate incentive structures led to poor corporate behaviour and endangered the savings of millions of pensioners.
