All Cash articles
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White papersMarket nervous on Deutsche Bank, but fundamentals of European banks are solid
“We see a continuation of declining credit growth which is consistent with monetary tightening, but no credit crunch.”
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White papers
Multi-asset Allocation Views: “Magical Mystery Tour”
In this Allocation Views, our Franklin Templeton Investment Solutions team believe the prospect of policy rates remaining higher for longer has been a reality check on investor sentiment and helps to reinforce the team’s preference for a moderately cautious view of stocks.
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White papers
Industry trends to watch in 2023
The last few years have delivered a fair share of ‘once-in-a-lifetime’ setbacks for asset managers and investors. As we come out on the other side, I am excited about the opportunities.
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White papers
Measuring the Value of a Portfolio Liquidity Line
Cash is needed to provide portfolio liquidity, but it often carries a high opportunity cost. While CIOs may contemplate reallocating a portion of portfolio cash into investment assets to help improve expected portfolio returns, they know that having cash on hand is beneficial to cover unexpected liquidity needs and avoid having to sell assets, especially during poor market environments. But is there a better way to balance the costs and benefits of cash?
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White papers
Thinking Strategically About Commodities
A laggard over the past decade, commodities appear, in our view, poised for continued strength in the years ahead.
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White papers
Short Duration High Yield: Replacing Rates Risk With Credit Risk
Short-duration high yield could be an under-explored option for investors who need current income to meet short-term liabilities, but cannot afford the interest rate risk that would accompany a search for yield in longer-dated bonds.
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White papers
Four insurance portfolio allocation themes for 2022 and beyond
In today’s investment landscape, how can insurers effectively construct investment portfolios to achieve their targets and balance a range of unique requirements? This paper looks at four allocation themes we believe are most relevant to insurance portfolios.
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White papers
Case Study: Avoiding cash drag using Equity Index futures
Cash is a necessary component of most investment portfolios. It’s present in a portfolio for operational reasons, including managing subscription/redemption flows and income streams such as dividends.
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White papers
UMR Phase 5: A Real Challenge for Real Money?
In this article, we discuss the challenges along with the potential impacts and responses of the Uncleared Margin Rules (UMR) on real money accounts.
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White papers
A factors-first approach to efficiently growing assets in the surplus space
Corporate pension plans’ top priority: Building efficient portfolios in the surplus space
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White papers
Fiorino: banks versus shadow banks, a heavyweight battle emerges from new financial fields
Money gives weight to power, with the all-pervasive field of banking typically behind this transformation. However, as Fiorino discovers, a previously hidden force in the banking universe is now revealing its massive influence…
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White papers
Cash dethroned: reallocation opportunities for insurers under Solvency II
Insurers continue to grapple with historically low cash rates and potentially high capital charges on some defensive assets under Solvency II.
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White papers
Doomsday at the bank: a spoonful of measures helps the resolution go down
The global financial crisis proved bank failure was not just ancient history or fictional fodder. Fiorino explains why post-crisis measures to fend off future financial meltdowns may have changed the odds but left the possibility of ‘doomsday’ intact.
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White papers
The Future of Money May Come Sooner Than You Think
The pandemic delivered a boost to cashless commerce, but fresh designs for digital money will disrupt far more than coins and bills.
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White papers
Private credit markets – adjusting, adapting and responding
Lately, there has been renewed interest to get deals done and enter into negotiations on new investments as private credit markets re-open following a period of relative stability and reduced volatility in publicly-traded markets.
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White papers
Generating Interest
Must investors settle for sub-zero real returns on their cash allocations?
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White papers
Cash Negative
The central bank pandemic response has left all major short-dated interest rates pricing near or below zero for years into the future: How can cash portfolio managers meet this challenge?
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White papers
Bond ETFs show maturity during Covid market mayhem
Fears about bond ETF illiquidity deepened after the COVID-19 crisis based on the widening discounts between corporate bond ETFs and NAV pricing, but the surge in ETF trading volumes suggested bond ETF liquidity held up well and that ETF trading spreads widened far less than underlying cash bonds.
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White papers
With a focus on liquidity, US dollar, sterling money markets have potential yet
Central banks provided economies with ample cash as the economic effects of the COVID-19 health crisis bit, driving down interest rates – and absolute returns – in the process, but as Philippe Renaudin, head of global money markets, tells senior investment strategist Daniel Morris in this interview, careful selection and diversification mean potential for competitive returns remains in money markets.
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White papers
ECB QE Monitor – September 2020
The ECB’s balance sheet is now equivalent to 54% of euro area GDP compared to 39% at the start of the year.
