All Commentary articles – Page 145
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White papersEmerging Markets Charts & Views - Market dislocation creating long-term opportunities
Two major drivers are shaping the landscape for EM countries: Covid-19 and oil dynamics. We are mindful that current events will have very significant negative effects on the economic outlook for EM this year, leading many countries into recession.
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White papersA letter from Asia
As the initial epicentre of the coronavirus, many lessons can be learnt from China: For example, the importance a swift government response (resting on lessons learnt during the SARS outbreak in 2002-2003) with total or partial lockdowns across many cities alongside other mobility restrictions and intensified health screening.
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White papersTransparency boots real estate investment in Asia Pacific
LaSalle Head of Asia Pacific Research Elysia Tse explains for increased transparency has been a boon for institutional investment into Asia.
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White papersAsset Class Return Forecasts - Q2 - 2020
In our latest analysis released at the beginning of the year, we had laid out our medium-term outlook as a correction of the business cycle, including an economic slowdown, yield curve inversion, a return to lower bound policy rates, and subdued inflation prints. The global shocks resulting from the eruption of the coronavirus pandemic have significantly altered the sequence of economic and financial phases, shortened the timeframe and expanded the scale of the ripple effect.
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White papersMarket weekly – Riding the digital transformation with US equities
Lockdowns around the world have boosted the uptake of new technologies, speeding us into an even more digital-centric future. US equity markets offer investors access to such disruptive technology. To hear more about the opportunities, Daniel Morris, our senior investment strategist, catches up with Pam Hegarty, senior portfolio manager and equity analyst for US equities in our Boston office.
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White papersThe day after #3 - ESG Resilience During the Covid Crisis: Is Green the New Gold?
Without a doubt, the coronavirus is shaking the financial industry like never before. This is not the first time the world has faced a pandemic of this scale, nor is the first time that policy makers, business leaders and pundits have asked: “Is it different this time around? Are we at a turning point?”
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White papersThe 20-Year Bond in a Brave New World
The US Government has responded to COVID-19 in unprecedented ways to produce a huge and rapid fiscal policy response. To fund this policy, the Treasury announced that it will issue over $800 billion in Treasury securities over the next three months. Including issuance completed in April, the issuance number rises to over $1 trillion. That is a massive issuance schedule. Here is what is upcoming.
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White papersThe Stock Market Is Not the Economy
COVID-19 has damaged a lot of things, including the link between the S&P 500 and the U.S. economy.
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White papersMarket Commentary - Swoosh Recovery vs. Liquidity Splash
The exit from the lockdowns is proceeding cautiously. If anything the number of new cases globally has picked up over the past week, flirting with 100k on 15 May, the highest since 16 April (see our latest Facts and Figures, including new modelling). Scientists keep warning about the risk of relaxing social distancing too quickly. In the meantime the global economy struggles – we slightly cut our 2020 global growth forecast from -3.5% to -4%. The risks are skewed to the downside. The WHO reiterated concerns about a deadlier second wave this autumn and winter.
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White papersWhat We Already Know About The Recovery
And why bonds and stocks may not be pricing in such different outcomes.
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White papersWhy investors shouldn’t overlook UK social supported housing in the COVID-19 environment
We outline why we believe social supported housing in the UK offers investors much needed stability as the wider real estate market experiences falls in income and value due to Covid-19.
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Asset Manager NewsGlobal Sustainable Outcomes - News & Views Q1 2020
This quarter has marked the end of the longest bull market in history after a decade-long recovery since the global financial crisis. Entering 2020, nobody would have predicted the “black swan” event that was to come, providing a lethal shot to both the financial markets and global economies.
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Asset Manager NewsInvestment grade: how cheap are credit spreads?
Between the middle of February and late March there was one of the most severe periods of poor performance from risk markets in general, and from investment grade credit in particular. This was in response to the Covid-19 crisis and was marked by both the speed and extent of the spread widening
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Asset Manager NewsCovid-19: a pandemic with no precedent in a modern economy
The good-news stories and optimism of three months ago have been consigned to the bin, as the virus, lockdowns and economic bailouts take centre stage.
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White papersThinking beyond tomorrow - Edition 2020
Responsible Investing in Real Assets a proven global track record.
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White papersCOVID-19 Science and Economics
In the second installment of our COVID-19 series, we discusses the scientific and economic implications of the path to recovery with research analyst Camilla Oxhamre Cruse, who has a Ph.D. in medicine and M.Sc. in biochemistry, and global strategist Olga Bitel.
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White papersWhat We Can Learn from China’s Rapid Normalization
China is further along the coronavirus curve than much of the rest of the world and is on a fast path toward normal. We think its experience bears close watching—not only because China is a major contributor to global economic activity, but also because there will likely be important takeaways for the rest of the world as other countries plan their own reopenings.
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White papersNothing to see here, folks
Interest rates are unlikely to rise until 2020 at the very earliest. And if and when they do, investors in German real estate have little to fear, says Marcus Cieleback, PATRIZIA’s chief economist
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White papersThe Historical Impact of Economic Downturns on Private Equity
An assessment of private equity return patterns in two recent significant downturns.
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White papersPE Investing at Market Inflections
Faced with the uncertainties of the COVID-19 crisis and demands for portfolio rebalancing, investors may be tempted to cut their private equity programs or re-think plans to expand them. In this short video interview, John Buser, Executive Vice Chairman—NB Alternatives, looks back to the dotcom era and the Great Financial Crisis to explain why he thinks they should stay the course.
