All Asset allocation articles – Page 3
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White papers
The Endowment Model Reimagined
The endowment model defined the “art” of portfolio management, but now it needs to adopt the latest “science.”
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White papers
The Storm Before the Calm
The first weeks of the new U.S. administration have been disruptive, but we think sentiment can improve as its focus shifts from trade to tax cuts and deregulation.
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From Trade Wars to Energy Security: Mega-Force Manifestations
The effects of mega-forces are turning up in recent policy and geopolitical developments.
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White papers
Post-pandemic peripheral banks’ prospects
What are peripheral banks’ prospects post-pandemic? Premier Miton’s Head of Fixed Income, Lloyd Harris, and Toby Williams, Credit Analyst, comment on their remarkable resilience and growth. Read their latest views on banks operating in non-core European countries such as Spain, Italy, Ireland, Portugal and Greece. What does looking back in history tell us about these banks? What can we expect next?
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White papers
Expecting the unexpected with more robust bond portfolios
2025 was widely expected to be a good year for bonds. The US economy seemed to have found a floor, inflation looked to be contained, and interest rates had a long way to fall. The combination of high yields and capital appreciation from falling rates was, if a bit simplistic, a reason to be excited about the outlook for compelling total returns. But 2025 is looking increasingly like it will be anything but simple, writes Olivier De Larouziere.
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White papers
Alternative Credit: The diversification benefits of bank originated assets
The investment landscape has transformed dramatically over the past decade, and the role of private credit in institutional investor portfolios has moved from a satellite investment to a core portfolio allocation, playing an important role within a new, uncertain macro environment. Not only have institutional investors continued to increase allocations to private credit, they are also actively looking to diversify within this asset class - seeking solutions which address specific portfolio goals, in addition to providing access to idiosyncratic factors and potential for robust risk return profiles.
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White papers
Six Impossible Things Before Breakfast?
The unwinding of “Trump trades,” a spike in volatility and the outperformance of European versus US equities have sparked debate about whether this is a tactical shift or the beginnings of a longer bearish trajectory for markets.
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White papers
Revisiting the case for UK small and mid-caps (SMID)
Matt Tillett, fund manager of the Premier Miton UK Value Opportunities Fund, looks for mis-priced stocks across the entire market cap spectrum. Here’s his take on UK SMID right now – including potential catalysts for change.
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White papers
Private Debt Opportunities in Emerging Markets: Insights for Building Insurance Portfolios
Private debt markets in emerging economies may offer unique opportunities. They can help insurance-industry investors to seek yield enhancement, diversification and less-correlated returns compared to traditional public debt.
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White papers
Monthly Market Viewpoint – Not so exceptional after all
Declines in US equities over the last month were primarily a function of disappointing economic data and a partial ‘Magnificent-7 unwind’ rather than tariffs. Lately, it has been self-reinforced panic selling, which we expect will be reversed. We remain optimistic on the medium-term outlook.
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White papers
North American energy infrastructure: stocks for uncertain times
Jim Wright, Premier Miton Global Infrastructure Income Fund Manager, considers the advantages of visible growth pipelines and the three huge themes driving them.
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How Active ETFs Can Help Investors Fine-Tune Portfolio Construction
Active ETFs deliver the advantages of active management and the ETF wrapper. Thanks to this unique combination of benefits, active ETFs offer investors a flexible, efficient complement to existing allocations that can help diversify their portfolios.
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White papers
Harnessing Technological Change in Private Markets
Private markets present a unique avenue to capitalize on waves of technological change. Investors can do so across three complementary pillars, each with distinct investment characteristics and investment models.
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White papers
Trade tensions: Navigating market risks
Escalating trade tensions are injecting fresh volatility into markets. The U.S. trade deficit, which remains sizable with key partners like China, Mexico, and Europe, underscores the stakes in ongoing trade disputes. However, while tariffs could increase costs and disrupt supply chains, history suggests that markets adapt over time. A well-diversified portfolio remains the best defense against short-term uncertainty.
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White papers
Local-Currency Frontier Bonds: EMD’s New Horizon
High yields, surprisingly low volatility and strong diversification benefits are attracting investor interest.
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White papers
Market uncertainty ramps up as geopolitical tensions rise
Market performance has been challenged over recent weeks. The more benign macroeconomic backdrop that investors had in mind going into 2025 has arguably been shattered. The US administration’s challenges to the global trading and security order have the potential to disrupt trade, capital flows, consumption, investment spending and government policy.
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White papers
Forward-Looking Climate Metrics in Corporate Bond Portfolios
Moving beyond backward-looking carbon footprinting, this research explores how implied temperature rise, carbon risk ratings, and climate value-at-risk methodologies can provide valuable forward-looking insights for fixed income investors who prioritise sustainability considerations. Discover practical applications, coverage analysis, and implementation considerations specific to corporate bond portfolios. Read the article if climate integration is part of your investment approach.
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White papers
Macro Monthly: American ‘Un’-exceptionalism?
Cracks have emerged in the US exceptionalism theme, with the S&P 500 index flat this year compared to the All Country World ex US index’s 6% performance. Markets such as the Eurostoxx 50 and MSCI China are up 11% and 18%, respectively, in just two months.
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White papers
How project finance fits into a trade finance strategy
Project finance is a natural complement to trade finance, offering enhanced diversification and attractive risk-adjusted returns.
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Podcast
Outerblue Conversations – Seeking returns in a disruptive era? Analysis of the 2025 pension survey
Each year, Amundi and CREATE interview pension plans to highlight topics shaping the pension ecosystem. As pension investors transition to a new regime, this year, one question is at the top of everyone’s minds: where will the returns come from? The 2024 survey takes a closer look at two of the potential answers in this search for good risk-adjusted returns: private markets and Asian emerging markets.