All Commentary articles – Page 139
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Opportunity In Credit Fixed Income Investment Outlook 2Q 2020
In the wake of the COVID-19 pandemic, the fixed income markets experienced unprecedented shocks, which drove down yields on many government bonds and sharply widened credit spreads. Amid compromised global growth and historic levels of monetary stimulus, we anticipate a potentially long period of zero (or negative) policy rates, with central banks increasingly buying higher-quality assets. With that in mind, we see a compelling opportunity in credit spreads, with an initial focus on quality securities in central bank-supported sectors broadening out to take on more risk as the pandemic runs its course.
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Think global: Identifying tomorrow’s world cities
The viability of a cities-based real estate strategy appears questionable in these challenging times. Our day-to-day activities in cities around the world have been altered in ways few of us would have imagined just a few months ago. The spread of the coronavirus, the disruption to our daily lives, and the toll on health and human life are alarming.
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Market weekly – Chinese equities – ahead of the curve
Year to date, the Chinese market is one of the best performing equity markets globally. Can such performance be sustained for the rest of 2020, however? Senior investment strategist Daniel Morris discusses the outlook with Caroline Yu Maurer, Head of Greater China Equities and Chi Lo, Senior Economist for Greater China, both from our Hong Kong office.
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Market Commentary - Coronavirus shockwave hits oil complex
As we enter the final week of April the total number of coronavirus cases is growing at about 3% per day. This is a marked slowdown from the peak reached in late March, around 12%. Yet in absolute terms, the number of new daily cases has only been plateauing, at around 80,000 globally
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Futures Shock
Amid unprecedented market dislocations and uncertainty, preparing playbooks for a range of outcomes can help us stay nimble and adaptive.
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Covid-19 update: European high yield market moves
An influx of ‘fallen angels’, which are issuers downgraded to junk bond status by the credit ratings agencies, has impacted European credit markets as a result of the economic fallout from the coronavirus. The movement of these names into European high yield (HY) credit indices has somewhat compensated for ...
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Investment Lessons From Horror Movies
Recovering markets may offer a few signals about what lies ahead.
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Private Debt Through the Crisis
Susan Kasser explores the themes that remain consistent in private debt portfolios through the crisis and those that will likely reassert themselves following the dislocation.
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Market Volatility | Closing Bell Insights
On this episode of Closing Bell Insights, Stephanie B. Luedke, Head of Private Wealth Management joins Joseph V. Amato, President and Chief Investment Officer of Equities, as he shares an update on the current equity market environment and discusses what to potentially expect from an economic “restart”.
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Mastering the real estate cycle
The cyclicality of real estate creates opportunities for well-informed investors. However, determining where a market is in the cycle can be difficult, so we have developed a tool that can help investors overcome this challenge.
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What role will real assets play in reigniting the global economy?
Allocations to real assets have been steadily growing over the last 10 years. Today, while many investors are questioning whether real asset benefits – diversification, predictable cashflows, increased yields – still apply, others argue that real assets will play a critical role in the economic recovery.
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European private debt: shifting dynamics
This paper examines the main sources of deal flow across Europe’s broad and dynamic private debt markets in 2019, highlighting some of the key observations or themes influencing deal activity in different parts of the market. It discusses the broad themes that we believe are key to investing in private debt and can help well-positioned lenders access and align opportunities that can deliver the specific outcomes sought by investors. The Covid-19 pandemic has created unprecedented uncertainty, but even during this time it’s important not to lose sight of the long term.
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Oil: Demand on Remand
Mark Lewis, Global Head of Sustainability Research and Richard Barwell, Head of Macro Research at BNP Paribas Asset Management discuss the potentially lasting impact that Covid-19 and global lockdown is having on oil demand:
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Yesterday’s News & Tomorrow’s Guidance
The U.S. Q1 GDP advance estimate will show the pandemic’s economic impact, with Q2 expected to be worse, Markit flash PMIs indicate global economic conditions are deteriorating, and Congress struck another deal to replenish the small business aid program.
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Fixed Income View: A Crisis Like No Other
John Beck, our Director of Fixed Income, London, provides his view on investors being risk-averse and seeking safety vs opportunistic.
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Coronavirus – Weekly update – 22/04/2020
Over the last week, the worldwide number of COVID-19 cases has continued to climb, reaching over 2.5 million, while deaths now number almost 180 000. One striking feature of the trajectory of the virus and the evolving public health response is the divergent trends across countries and continents that have appeared in recent days:
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Size matters: Will COVID-19 lead to a concentration of corporate power?
The fallout from the coronavirus pandemic could see large firms cement their dominance over weaker rivals. We examine the implications for investors.
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The Pandemic’s Effect on the Retail Sector
Sam Porat discusses the impact the current COVID-19 pandemic has had on the retail sector and how it has compared to previous downturns.
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Perspective on Private Credit
Listen to David Lyon as he discusses the current dislocation in the credit markets and the types of investment opportunities that may emerge as a result.
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US Macro Outlook: Let’s Bend The Economic Growth Curve
Three recovery scenarios? Franklin Templeton Fixed Income discusses the implications for growth, employment, and investment.