All Commentary articles – Page 103
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White papers
An 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 papers
Covid, 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 papers
Are 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 papers
Coming Out Of Covid-19: A Look At Interest Rates And Inflation In Europe
There is hope European economies will see a more robust recovery this year, but will inflation will pick up as a result?
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White papers
When Will the Jobs Come Back?
With the U.S. economy still down nearly 10 million jobs from its pre-pandemic level and history showing that the labor force participation rate could continue to decline at the end of a recession, PGIM Fixed Income seeks to answer the question “When Will the Jobs Come Back?
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White papers
Raising 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 papers
The Newest “New Normal”: The World In The Wake Of Covid-19
“Academic partnership takeaways from lecture series with Green Templeton College at University of Oxford”.
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Fixed Income - Inflation: The Devil We Knew
Dr. Sonal Desai cautions that central bankers might be underestimating how difficult it will be to deal with inflation—especially if expectations become unmoored.
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White papers
Energy 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 papers
RPI 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 papers
No 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 Report
The 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 papers
Returns and real impact: the green-bond opportunity
The Generali Investments SICAV Euro Green & Sustainable Bond – one year on
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White papers
Global 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 papers
Emerging Market Debt Opportunities Monthly Review
Perspective from Franklin Emerging Market Debt Opportunities team.
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White papers
Distressed 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 papers
Can 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 papers
What 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 papers
A 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?