Content (98)
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White papersCan the benefits of corporate ladders outclimb market volatility?
When I entered the investment management industry in the mid-1980s, the 10-year US Treasury note yielded over 10%. Since then, there’s been a remarkable trend lower in yields. This decline has often resulted in impressive annual performance for corporate bond investors, like last year’s 14.2% return.
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White papers
Insights - Oil price declines do not change long-term ESG risk analysis
Five years ago, responsibly managed Calvert Funds (Calvert Funds) began to exit positions in stocks and bonds of oil & gas companies and never returned. These decisions were based on environmental, social and governance (ESG) analysis at the time, and Calvert Research and Management (Calvert) continues to believe today that the numerous ESG risks associated with oil and gas exploration and production are too high to justify investment in the stocks and bonds of companies that directly own material amounts of fossil fuel reserves.1
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White papers
Longer-term economic fallout may hinge on how regions attack virus
The emerging markets debt team has been closely monitoring the novel coronavirus, COVID-19, and tracking its impact on the global economy, and we offer this update as of March 10.
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White papers
Insights: Amid the coronavirus outbreak, are municipal bonds still a “safe haven”?
As volatility in the equity markets persists due to the expansion of the coronavirus outbreak, investors have turned to the relative safety of US Treasuries, driving yields lower. What does this mean for investors in municipal bonds?
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White papers
Insights: As market volatility rises, so does the risk of a concentrated stock position
Equity prices have whipsawed over the past two weeks as fears of the coronavirus outbreak and unexpected outcomes in the US presidential primaries have rippled through the financial markets. As of March 4, the S&P 500 Index has corrected approximately 11% from February highs. But the average stock’s drawdown has been 17%, underscoring the greater vulnerability of individual positions and concentrated sector, industry and stock exposures.
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White papers
Financial quality metrics and ESG factor interactions in equity markets
As factor-based investing grows, quality factors tend to be favored most by investors, given their consistent outperformance over the past five years. As Exhibit A shows, the Russell 1000 Quality Factor Total Return Index has outperformed the Russell 1000 Total Return Index over the one-year, three-year and five-year periods ended August 30, 2019.
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White papers
Monthly Market Monitor - March 2020
Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios. Use Eaton Vance Monthly Market Monitor as a critical desk reference that enables more informed discussion and understanding of financial markets.
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White papers
Avoiding “diversification decay” in emerging-markets debt
In the past decade, there has been a 350% increase in institutional holdings of emerging-markets (EM) debt, much of which has been invested in index-based strategies (Exhibit A).
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White papers
Gaining a trading edge in emerging-markets debt
A top-flight fixed-income trading desk is a key component of the investment process and can have a significant impact on realized returns. This is especially true in emerging markets, where the trading infrastructure varies greatly from country to country, and managers must cope with differing clearance and settlement procedures, custodial arrangements and regulatory constraints.
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White papers
Insights: Caution over coronavirus still warranted in investment grade corporates
Following the Federal Reserve’s surprise interest rate cut on Tuesday, we believe caution is still justified in the investment grade bond market until investors can gain more clarity over the global economic impact of the coronavirus.
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White papers
Insights Post rate cut: The case of floating-rate loans remains intact
At the start of the year the investment thesis for the senior loan asset largely came down to these factors:
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White papers
Insights: Boosting gender equality with structured engagement
As International Women’s Day approaches on March 8, it’s an opportune time to examine how engagement efforts can help companies improve their efforts at securing gender equity.
