All Cash articles – Page 2
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White papersFlows and Fundamentals
With cash rates priced to decline substantially, we think it is time to deploy liquidity, locking in bond yields and seeking out value in the equity market.
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White papersAsset Allocation Committee Outlook: 1Q 2024
“One of the lessons to take from 2023 is that markets can defy apparently soft fundamentals for much longer than one might expect.”
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White papersCash Is Poised on the Sidelines
With cash rates priced to decline substantially, we think it is time to deploy liquidity, locking in bond yields and seeking out value in the equity market.
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PodcastOuterblue Talks Research – Beyond crypto; Understanding central bank digital currencies
Payment habits have evolved dramatically over the last few decades. The use of cash has been shrinking for some time, but this phenomenon was rapidly accelerated by the Covid crisis.
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White papersPosition portfolios for a policy turn
While it is tempting to sit in still high yielding cash, we suggest adding traditional fixed income sectors. Higher income helps investors wait for the end of the rate hiking cycle, and longer duration helps position a portfolio for potential rate declines. We advocate a diversified multisector approach, focused on higher-quality credits across sectors. Active management remains critical, as credit spreads will likely widen in the coming months.
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Asset Manager NewsOpportunistic Patience Prevails
As the data from the first half of 2023 continues to be posted, we offer our interpretation of the findings within the context of real estate investing.
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White papersPM Perspectives: Climate Buy and Maintain
PM Perspectives is a series of profiles highlighting the current views of senior investment leaders across Allspring. This issue profiles four of Allspring’s experts on our Climate Transition Buy and Maintain Credit strategy. The strategy was designed to provide a long-term investment approach that seeks to invest in companies leading decarbonization efforts while offering strong investment potential.
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White papersGlobal Investment Views - June 2023
”The disconnect within the growth and inflation mix and the market hope for the Fed to quickly turn to an easing stance call for a prudent stance on risky assets and further favours bonds and cash.”
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White papersWhat will you do with extra cash as the Fed changes course?
With the Federal Reserve’s rate hikes potentially over, this year is already shaping up to be a favorable one for fixed income returns following a dismal 2022. Investors who rushed for the exits last year, sending money market fund levels soaring to $5.2 trillion, may be wondering if it’s time to retrace their steps.
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White papersStress in US regional banks continues, while the Fed moves towards a pause
The recent banking stress has been a real test of capital and liquidity regulations enacted after the 2008 crisis.
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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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PodcastSheltering from volatility with real estate debt
Investors combing financial markets in search of safe passage amid rising interest rates and uncertainty over the direction of economies might want to look for a harbour in real estate debt. The essential nature of the services that property provides – first and foremost shelter – and the relatively inflexible demand for space that this entails both help give this asset class resilience.
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White papersIndustry 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 papersEvidence of the low volatility anomaly
It is relatively easy to demonstrate the low volatility anomaly – the phenomenon that first came to light half a century ago showing that investing in higher risk equities is not necessarily rewarded with higher returns. Raul Leote de Carvalho explains.
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White papersMeasuring 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 papersThinking 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 papersShort 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 papersFour 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 papersCase 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 papersUMR 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.
