All Commentary articles – Page 104
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White papersCautious Optimism or Cold Realism?
Signs show divergence between China’s supply and demand recovery. The first full week of the new U.S. administration will give more clarity on what can feasibly be expected to pass this term. Meanwhile, Italian politics raises questions over the EU recovery fund.
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White papersImpact investing: How private and listed markets offer choice for investors seeking positive change
Impact investing is helping investors tap into key financial markets megatrends while addressing some of our most important sustainability challenges.
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White papersThe path for oil and gas after COVID-19
Post-COVID recovery initiatives from governments are increasingly taking a green path, but the response of oil and gas companies so far runs from denial to complete reinvention. Should they continue pumping oil for as long as they can to avoid destroying capital for investors, or do they need to accelerate efforts to future proof their businesses now?
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White papersCredit Pulse: market update - 15 January 2021
How does the fixed-income team at the international business of Federated Hermes see this year shaping up?
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White papersFive reasons why EM equities could power ahead in 2021
Has the tide finally turned for emerging markets equities after a decade of trailing US markets? It’s a question we often hear. After two consecutive years of solid gains for the benchmark MSCI Emerging Markets Index, emerging markets appear well positioned for further growth. The US dollar has weakened, commodity prices have firmed, US-China trade tensions may simmer down and there are a number of investible opportunities that could allow investors to take advantage of a potential cyclical recovery in global markets.
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White papersLooking forward to a sustainable 2021
In 2021, BNP Paribas Asset Management aims to build out the pillars of its approach to sustainable investing, extending the integration of environmental, social and governance (ESG) criteria in investment processes, says Jane Ambachtsheer, Global Head of Sustainability.
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White papersTrends for 2021: Real Estate Trends Set to Shape the Next 12 Months
As a new year gets under way, we turn our attention to the outlook and identify nine major occupier and investment trends we expect will influence market conditions and investment performance in 2021 and beyond.
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White papersWebinar | Asset Allocation Committee Outlook 1Q 2021: A Tentative Recovery
“Investors who can tolerate volatility for the next six months or so could take the AAC’s views as a signal to bound out of the sickbed and fully embrace risk. The rest of us may do better by continuing to give portfolios the TLC they need: taking risk judiciously and in a balanced way.”
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White papersEM Debt: Where is the Value Today?
Barings’ Cem Karacadag discusses the outlook for emerging markets debt, including the uneven impact of the pandemic, how rising interest rates and fluctuating currencies may influence the picture, and the increasing role that ESG is playing in identifying winners and losers.
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White papersIG Credit: Can the Strong Performance Continue?
After a rollercoaster year, IG corporate credit ended on a high note. But all eyes are on the months ahead, and whether we could see a reversal of some of the trends that buoyed the asset class in 2020.
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White papersGlobal Emerging Markets: country allocation review 2021
Fiscal and monetary stimulus programmes across the world buoyed global markets in 2020 with encouraging Covid-19 vaccine trial results providing an end-of-year boost for investors. However, macroeconomic data is mixed: there has been a lower-than-expected improvement in the service sector and inequality is rising.
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White papersWhy Consider Logistics Real Estate?
Driven by several underlying trends, the segment is establishing itself as a promising defensive asset class and there is a premium on small-scale logistics.
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White papersCLOs: Cautious Optimism
Coming off a tumultuous year, CLOs look well-positioned going forward—particularly if the economy continues to heal and rates move higher.
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White papersMarket Scenarios and Risks - January 2021
This month, we update the probabilities and narrative of our central and alternative scenarios, taking into account 4Q20 developments in vaccinations, fiscal and monetary policies, and (geo)politics. We have a higher conviction on our central scenario and we are raising its probability from 65% to 75%. We are lowering the probability of our downside scenario from 25% to 15%, which remains above historical levels.
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White papers2021 global outlook reassessed
As the Q420 is now closed, we confirm the “financial recovery regime” as our central scenario for 2021 with a higher conviction than in Q320. We expect better corporate fundamentals at a global level going forward. The rebound of EPS growth will eventually validate current asset price levels in the context of low interest rates. This explains our cautious optimism for the coming quarters.
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White papersPodcast: Making the Case for Value
Over the past decade, we have seen that growth investing has had a tremendous run and was considered the first choice in approach for investing in stocks. However, for the last several months and for the first time in quite a few years, market conditions seem to suggest that now value has started to become the more popular option.
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White papersChart of the week – 2020 market wrap
The extraordinary sequence of events that unfolded in 2020 from virus outbreak to lockdowns, then from large-scale stimulus to vaccines, produced unusually broad market gains for most asset classes in absolute terms.
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White papersHidden factors: exploring equity market behaviour in 2020
At the beginning of a new year, it’s customary to look both back to the past and forward to the future. This year, it would be tempting to focus on a future in which the coronavirus is finally brought under control, gladly turning our backs on 2020 and consigning it to the annals of history. However, looking at the extreme market events of the past 12 months can provide some valuable insights for investors.
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White papersIs infrastructure key to a sustainable recovery?
Infrastructure investment is about financing the real economy, meaning few investments are better placed to deliver a sustainable future.
