Content (83)

  • Podcast - Trade finance – an ancient asset class with a very modern appeal

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    Podcast: Trade finance – an ancient asset class with a very modern appeal

    2021-02-23T10:37:00Z

    Trade finance facilitates transactions that move all types of goods between parties all over the world. Formerly the domain of the banking sector, trade finance now offers attractive opportunities to institutional investors. These short-dated assets offer diversity, attractive yields and the opportunity to support sustainable development.

  • Pathways to sustainability in emerging market debt

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    Pathways to sustainability in emerging market debt

    2021-02-22T10:32:00Z

    Investing responsibly in emerging market debt still presents material challenges in the form of data and transparency issues. Investors can overcome these challenges by building the right frameworks and focusing on the journey, not the destination. We stringently integrate ESG factors into all our EMD strategies, underscoring our deep commitment to ESG integration.

  • Virus and policy-stimulus optimism push equities to new highs

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    Virus and policy-stimulus optimism push equities to new highs

    2021-02-17T10:23:00Z

    Optimism picks up in Italy and further afield as new Draghi-led government is installed. Less rosy outlook for EM as growth momentum slows against tighter policy backdrop. We maintain a risk-on stance favouring the reflation theme as equity exuberance continues.

  • Podcast - Markets are looking ahead to post-pandemic re-covery

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    Podcast: Markets are looking ahead to post-pandemic re-covery

    2021-02-09T10:14:00Z

    Market is looking through weak data and looking ahead to reopening of economy. Prospects of vaccine availability are outweighing concerns about slow roll-out. Cyclical recovery still looks likely this year.

  • Asset allocation - In the midst of the Covid-19 winter

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    Asset allocation: In the midst of the Covid-19 winter

    2021-02-03T10:06:00Z

    Macro developments confirm our base case. Unusual risk factor distracts investors from positive market fundamentals. We maintain a pro-risk stance through equities, high yield and oil.

  • Market review - Social short squeeze trumps good fundamentals

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    Market review: Social short squeeze trumps good fundamentals

    2021-02-03T09:51:00Z

    Short squeeze cancels earlier gains. Positive fundamental outlook confirmed. Commodity markets start the year strong. Read our full Multi Asset Monthly and explore our in-depth outlooks for the economy, equities, fixed income, emerging markets and commodities.

  • Podcast - Navigating the recovery in emerging market debt

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    Podcast: Navigating the recovery in emerging market debt

    2021-02-01T09:57:00Z

    Emerging markets should benefit from a substantial growth recovery in 2021. The speed of the recovery will vary widely across regions; selectiveness is key. Download our EMD Outlook to learn where we see opportunities across the EM universe.

  • EMD Outlook 2021 - A year of recovery and re-risking

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    EMD Outlook 2021: A year of recovery and re-risking

    2021-02-01T09:44:00Z

    Continued policy support and economic recovery projections support the overall outlook for emerging market debt in 2021. In hard currency, we expect high yield to recover lost ground and for regional divergence to continue. Asian debt markets will likely continue their strong rebound as the vaccine roll-out supports further normalization. ESG factors will play bigger role amid growing investor demand and international momentum.

  • Podcast - The relative attractions of Euro Investment Grade Credit

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    Podcast: The relative attractions of Euro Investment Grade Credit

    2021-01-26T09:33:00Z

    Euro investment grade bonds are relatively safe investments that offer positive yield and little downside. Lower new issue volumes and ongoing ECB buying provide an appealing supply/ demand backdrop. The lower-quality end of the IG spectrum still offers room for spread compression.

  • Recovery hopes stay alive despite slow vaccination start

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    Recovery hopes stay alive despite slow vaccination start

    2021-01-20T14:16:00Z

    Vaccination roll-out is a mixed picture; Europe is moving slowly. Infection growth could hamper recovery. We maintain overweights in equities, high yield credits and oil.

  • Podcast - Back to a new future

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    Podcast: Back to a new future

    2021-01-18T14:20:00Z

    Markets have already priced in optimism about recovery from pandemic crisis. Early trends fit well with base-case and optimistic scenarios in NN IP’s 2021 outlook. Equity markets are likely to have another good year, but with different underlying dynamics.

  • Back to a new future - our 2021 scenarios

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    Back to a new future: our 2021 scenarios

    2021-01-14T14:11:00Z

    Cruise control: In our base case for 2021, global growth makes a sharp recovery, mainly in the second half, as vaccines help bring the pandemic under control.