All Commentary articles – Page 101
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White papersWill the Energy Sector Evolve or Devolve?
Change in the White House has brought swift transformation to US environmental policies, especially those affecting the oil and gas sector. We don’t believe the beginning of the end is here for the oil and gas industry, but the energy sector faces substantial change—and companies need to adapt over time.
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White papersFive Things Investors Should Know About Hydrogen
Hydrogen’s potential as an energy source is attracting renewed attention. It may take 20 years or so for the potential to be realized. But the effects are likely to be felt within the planning horizons of most long-term investors—a good reason to start thinking now about the investment implications.
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White papersTackling decarbonisation in credit portfolios
The asset management industry is waking up to the urgent need for a coordinated effort to fight the climate crisis. As a leader in sustainability and investment, we firmly believe that it is possible to invest and create value while also working to prevent the unfolding crisis.
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White papersMarket scenarios and risks - March 2021
This month, we maintain the probabilities and narrative of our central and alternative scenarios. We confirm our constructive medium-term view on the “financial recovery regime”, with more caution in the short-term on financial markets, given the virus-dependent news flow and inflation concerns.
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White papersAll bubbles are not equal
Predicting the growth and bursting of bubbles is a difficult task, even considered as impossible by some. In fact, bubbles can last for a long time and are only apparent when they burst. Calling them too early can lead to suboptimal allocation. However, there are signs of market exuberance, particularly in the tech sector.
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White papersAn expected improvement in corporate fundamentals bodes well for bondholders
We expect business fundamentals to improve in the coming months, especially for low-rated companies. The ratings momentum in HY, as measured by downgrade/upgrade volumes, has already turned positive.
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White papersCovid, productivity and long-term growth: further secular stagnation or positive reversal?
While the spectacular Covid shock may easily lead to exaggerate extrapolations, it cannot be ruled out that it will matter for long-term productivity and growth. However, the effects could work both ways. Reasons why the current crisis could further worsen “secular stagnation” are many, yet there are also a channels through which it could work positively.
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White papersAre Growth Stocks Attractive in a Post-Pandemic World?
The recent selloff of US growth market darlings reflects increasing questions about whether their growth potential still justifies exceptionally high valuations. Away from the froth, growth investors can still find solid return potential in quality companies with profitable, sustainable business models.
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White papersRaising Equity Defenses for the COVID-19 Recovery
After last year’s sharp equity market rally, the recent selloff serves as a reminder that the exit from the pandemic will be bumpy—and some markets still look pricey. Defensive stocks with attractive valuations can help provide balance through an uncertain recovery.
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White papersEnergy transition – Opportunity knocks
Investors might wonder when to enter investment strategies related to energy transition given the stellar performance of the segment. We believe the outlook for this segment is incredibly constructive over the medium to longer term, but there will be bumps and sell-offs on the way.
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White papersRPI reform: The implications for real assets
With the methodology for calculating the UK Retail Prices Index set to change in 2030, we explore the implications for real assets.
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White papersNo time like now: why investors are moving on ESG
Eoin Murray, Head of Investment, takes a trip down memory lane and into the future with ESG…
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Research ReportThe future of offices - February 2021
Data from Eurostat shows that the current penetration of remote work in Italy is at 5%, against a European average of 17% (with some Nordic Countries reaching levels above 40%).
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White papersReturns and real impact: the green-bond opportunity
The Generali Investments SICAV Euro Green & Sustainable Bond – one year on
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White papersGlobal Investment Views - March 2021
If the start of 2021 led markets to question the no inflation forever mantra, the debate has been hotting up in February, with the US 10Y inflation breakeven reaching its highest level since 2014, pricing in higher inflation expectations. We are also seeing pricing pressure on the food and energy side.
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White papersDistressed Debt: The Opportunities Surfacing in COVID’s Wake
Barings’ Stuart Mathieson and Bryan High provide insight into today’s distressed debt market, including their expectations for defaults, an overview of the competitive landscape, and where the next opportunities may emerge across the U.S. and Europe.
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White papersCan Draghi’s Europe Catch up With Biden’s America?
A rise in U.S. retail sales showed that fiscal stimulus is working and keeping shoppers in the driver’s seat. In Europe, smaller fiscal support and tighter restrictions have weighed on consumer spending but investment and export growth point to a stronger second half of 2021.
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White papersWhat will be the key factors driving EM debt markets in 2021?
In spite of the 2020 rally, there are still attractive opportunities across different parts of the investment universe
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White papersA changing climate in fixed income: 360°, Q1 2021
What is our current view of fixed income markets? And where do we see the best relative value?
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White papersEmerging Markets Equity: Evolving & Transforming
Technological innovation, an increasingly confident consumer and a growing focus on ESG are re-shaping the long-term growth opportunity in emerging market equities.
