All Commentary articles – Page 145
-
White papersGlobal Investment Views - December 2019
In recent weeks equities rallied along with bond yields as investors reacted to the prospect of a US-China ‘phase one deal’ and fading global recession fears. The value of negative yielding bonds continued to fall, from US$17 trillion over the summer to the current US$12.5 trillion. While equities were previously overshadowed by the excessive gloominess on the global economy and earnings, markets rebounded after corporate results in the US and Europe met or exceeded low expectations, and as economic data did not show any material worsening. The mantra now seems to be ‘not so bad is the new good’.
-
White papersThink Asia Pacific cities 2020 outlook
The outlook heading into 2020 Asia Pacific’s is showing clearer signs of improvement after the significant headwinds for Asia-Pacific’s growth landscape in 2019 – particularly from the United States-China trade tensions which softened global business sentiment and trade.
-
White papersGlobal economies in 2020 and beyond
Over the past decade, major economies have more than recouped the GDP lost during the financial crisis. Yet governments, companies and households have spent more time repairing their balance sheets than spending, while central banks have reverted to the tools that failed them in the past.
-
White papers2020: Risks, Opportunities & Predictions (Part 1/2)
In Part 1 of our 2-part series, Barings’ investment professionals touch on topics from politics to trade wars to economic growth—and offer their perspectives on why EM currencies, international equities and EM local debt might outperform in 2020.
-
White papers2020: An Inflection Point for EM Currencies?
With the financial crisis more than a decade behind us, the global financial system seems poised to begin re-leveraging. This process, which would likely take years to play out, would provide a source of funding for EM currencies, and represent a significant tailwind.
-
White papers2020: Risks, Opportunities & Predictions (Part 2/2)
Where can investors find late-cycle value in fixed income? Are real estate investors being compensated for risks? In Part 2/2, we hear from Barings’ leaders across high yield and investment grade credit, private credit, private equity and real estate.
-
White papersTen Crises We Avoided This Year
It turns out that we are not entirely hostage to immutable economic cycles or raging political intrigue. Sometimes people make good decisions in spite of our expectations. Sometimes, to be honest, we are just plain lucky and the dice land well.
-
White papersThe Continued Democratization of Private Equity
Private equity is an asset class that has traditionally been available only to very large, sophisticated institutional investors. But this is changing rapidly—a trend we expect to accelerate in 2020.
-
White papers2020: Compelling Opportunities
Barings’ experts across real estate, private equity and fixed income discuss where they expect to see compelling opportunities in the year ahead.
-
White papers2020: The Road Ahead
From fixed income and equities to real estate and alternatives, Barings’ teams share their predictions for 2020 and views on where the biggest risks and most compelling opportunities may lie.
-
White papers2020: Bold Predictions
Will 2020 bring with it the democratization of private equity? A wave of downgrades from investment grade to high yield? Barings’ experts share their bold predictions for the year ahead.
-
White papersSolving for 2020; the key themes we anticipate will guide investment decisions in 2020
The heads of our investment platforms identified the key themes they anticipate will guide investment decisions in 2020.
-
White papersGlobal Environmental Opportunities: transforming sustainable investment
Kanpur in northern India is known as the Manchester of the East. Located on the banks of the Ganges river, it is home to various heavy industries, including leather, chemicals and fertilisers. But, unlike its English twin, the Indian city’s economic heft brings enormous side-effects.
-
White papersSustainable investing is here to stay
Sustainable investing was once viewed as a trade-off between value and ‘values’. Yet today, it’s something investors can no longer afford to ignore. What has changed? More granular data, more sophisticated analysis and shifting societal understanding of sustainability, as well as growing awareness that certain factors – often characterised as environmental, social and governance (ESG) – can be tied to a company’s long-term growth potential.
-
White papersStay agile amid diverging scenarios
After enjoying stellar performance this year, investors will increasingly question whether the global economy will proceed towards a trade war-engineered recession moving into 2020, thereby ending the longest ever bull market. Or, if growth stabilizes at a low level, and potentially rebounds, the cycle could extend even further.
-
White papersThe growing opportunity in European consumer credit
European consumer credit is one of the largest and most diverse loan asset classes in Europe. It has also had resilient performance through economic cycles. Historically, these assets have remained confined to banks’ balance sheets, but structural change in the banking landscape in Europe is opening up a sector previously inaccessible to institutional investors.
-
White papers
2020 Investment Outlook - Be Agile To Cope With Diverging Scenarios
After enjoying stellar performance this year, moving into 2020, investors will increasingly ask whether the global economy will proceed towards a trade war-engineered recession or whether growth will stabilise at a low level and potentially rebound, meaning the cycle could extend even further. In our view, the retreat in global trade is causing a major change in the structure of growth, but does not point to a full-blown recession, especially at a time when cumulative loose policies are gearing up and a partial deal between the US and China is in sight. Monetary and fiscal policy combination, a prominent theme going forward, may extend the current cycle further. While the noise on trade-related issues will be high, a material escalation is unlikely given the upcoming US elections in 2020. However, the path for investors will not be linear. In the short term, market expectations for policy actions have gone too far and need to be adjusted.
-
White papersReal Estate Outlook – Edition 4, 2019
Returns slowing but rate cuts supportive of sector
-
White papersThe euro zone: a blueprint for a brighter future
The euro zone’s new stimulus package could deliver the biggest monetary and fiscal boost since 2008. And it’s also a sign that the region is putting firmer foundations in place.
-
White papersLooking into 2020 with Hermes
2020 will be another uncertain year. Brexit will rumble on, bringing further volatility and polarising the UK political dialogue; China and US relations will remain tense and concern markets, despite a possible partial trade deal being secured before the end of 2019; and the US presidential race will likely unsettle world markets.
