All Commentary articles – Page 138
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ASEAN: Where Positive Demographics Meet Supportive Secular Trends
Recent market volatility has created what we view as an attractive opportunity in ASEAN equities—particularly to tap into selective structural growth stories at compelling valuations.
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COVID-19 and beyond: Three predictions for transport infrastructure
Constant reminders that COVID-19 ‘does not discriminate’ seem in stark contrast to the social and economic consequences playing out in front of us. Some sectors are clearly being hit harder than others – perhaps none more so than transport. Laurence Monnier looks at the long-term implications for the industry and its supporting infrastructure.
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Aviva Investors and Lincoln Pensions DB De-Risking Webcast
DB pension schemes are slowly but surely heading towards their endgame. The uncertain cost of pensions continues to put pressure on sponsor companies, while trustees must adapt to ever-changing regulations and challenges.
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Transform a major trend into an investment opportunity
The ageing of the world’s population phenomenon is a megatrend not called into question by the Covid-19 crisis.
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Investing today for a better tomorrow - Euro Green & Sustainable Bond
Green business is good business. Global green bond issuance climbed by nearly 50% last year (Climate Bond Initiative, 2020) and it is set to continue its growth as investors’ demand for more sustainable investments with a real impact on society is increasing.
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Coronavirus Pandemic Shifts Focus to ESG
The coronavirus pandemic has highlighted the importance of risks that fit within the realm of environmental, social and governance (ESG).
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Investment View - Sudden stop, permanent scars
Six months ago our quarterly ‘Investment Views’ (Graph 1) lamented about the spread of the negative yield disease. In 2020 a far more dangerous and lethal epidemic has hit society, the economy and financial markets: the coronavirus. As we go to press, more than 1.2 million cases have been recorded globally (a number likely grossly under-estimated, given the under-testing), for a death toll of 65k.
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Asset Manager News
Generali Global Infrastructure Q2 newsletter
This quarter, we asked Jacques Delpla, a well-known French economist, to share his views about the current crisis. Jacques Delpla’s views are not put forward as recommendations, recognising that other views exist but the analysis clearly shows the severity of the shock and the potential implications in terms of contraction of GDP and increase in public deficits.
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A Shocking (But Complicated) Employment Report Next Friday
Unemployment will clearly skyrocket, yet the April Employment Report next Friday won’t tell the full story, and the impacts will differ by state and industry.
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April Macro Dashboard
Long gone are the tales of a V-shaped recovery as the U.S. economy has fallen rapidly into the steepest recession in recorded history. The European economy is experiencing a very sharp contraction as well. There are signs of hope as China’s economy appears to be stabilizing.
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PE Investing at Turning Points in the Market Cycle
Shifting assets from public to private equity in and around recent major downturns has been a rewarding strategy.
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Why the Covid-19 crisis is different for private assets
Looking for lessons in the past can be valuable, but Covid-19 poses a unique challenge for the financial system. We look at the ways private assets will (or won’t) be affected.
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Coronavirus – Weekly update – 29 April 2020
The COVID-19 caseload has now reached almost 3 million infected cases and there have been over 210 000 fatalities. The death toll is on the decline now in Europe and appears to have plateaued in the US, albeit at a high level. As always, we highlight that caution must be taken in interpreting the data in both the time series and the cross section, given the different approaches to measurement and testing across countries.
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Five themes to show where the COVID-19 crisis is heading
With over 3 million people infected worldwide (Worldometers as of 29th April 2020), the Covid-19 pandemic has created huge economic uncertainty and volatility. However, markets cannot wait for complete clarity on the outlook and, as asset managers, nor can we. Therefore, we have identified six key signposts to help navigate the Covid-19 crisis and make better-informed decisions.
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Global Investment Views - May 2020
After closing one of the worst quarters ever for equity markets, Q2 started on a high note, with indices (S&P 500 and Euro Stoxx 600) recovering markedly from the bottom hit during the previous month. There is clearly a battle between bull and bear forces taking place.
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Roads to recovery from the coronavirus crisis
Will the global economic and market recoveries chart a V, U, W or swoosh-shaped recovery from the coronavirus crisis – or take a completely different course?
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Trends in Private Market Investing
Sean Ward looks at the trends that are emerging across buyout managers and how this is impacting investor sentiment.
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Recovery Scenarios and Emerging Themes
Erik Knutzen shares insights on navigating the range of paths through the recovery and our playbook for capitalizing on investment themes.
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Covid-19 Fixed income - Public credit - the end of beginning
Credit markets have continued to develop in recent weeks as participants digest events and various official intervention strategies, and consider the ramifications for taking credit risk in the future.
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Municipal Bond Market Update
James Iselin, Neuberger Berman’s Head of Municipal Fixed Income, discusses the potential for a rise in delinquencies and defaults across the municipal bond market.