All Commentary articles – Page 155
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White papersMegatrends and disruptions: Consequences for asset management
The asset management industry has to face three different types of challenges.
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White papersItaly: back to growth
After underperforming against its peers for two decades in macroeconomic terms and following the deepest double-dip recession in its history (in 2008-2009 and in 2012-2013), the Italian economy is growing again, partially thanks to the strong, synchronised growth seen across the Eurozone, but also partially due to some structural improvements that have boosted competitiveness.
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White papersHow OPEC's decisions and tensions in the Middle East could impact the oil price
We expect the 2018 outlook for oil to remain somewhat stable ($55-60/bbl for WTI and $60-65/bbl for Brent through 2018) as strong demand should be balanced by higher supply from OPEC and Non-OPEC countries.
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White papersWeightlifting China - how big will it get?
In this paper we look at how investing in China stands currently and a number of possible ways that this might evolve over time.
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White papers2018 Economic and Market Outlook: Risk On
Investors will have to work harder, take more risk and get an information edge. Nuveen identifies pockets of opportunity across public and private markets.
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White papersBack to long-term investing in the age of geopolitical risk
A sunny outlook with cloudy skies. That’s how investors see their current investment prospects.
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White papersReal assets: what contribution to asset allocation, especially in times of crisis?
Sacrificing some portfolio liquidity can be profitable. Ultra-low bond rates, equities that are highly volatile and thus sometimes seen as too expensive, the search for yield and the search to capture a liquidity premium are all pushing institutional investors toward the unlisted or «real asset» universe.
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White papersCIO Insights: Four investing paradigms for an era of regime shifts
In a market environment characterised by disruptive trends and possible regime shifts, asset managers need to evolve and to enhance their capabilities to understand, measure and factor these new trends into investment processes.
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White papersCross Asset Investment Strategy: December 2017
We believe 2018 will mark the transition from a full-speed reflationary phase, directional and bullish for risk assets (both credit and equities), towards a late phase of the financial market cycle. This could have far-reaching consequences for investors.
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White papersA guide to the Middle East jigsaw
We think that recent events in the Middle East – in particular, the night of the long knives in Saudi Arabia and the resignation (then retracted) of Lebanese Prime Minister Saad Hariri – are pieces in the same jigsaw puzzle: the attempt to redraw political boundaries and delineate new geopolitical equilibria in the region.
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White papersThe covariance matrix between real assets
For assets that are sparsely traded, the time-variance of prices is of limited interest. It is more meaningful to compute price variance across assets and use that as an indicator of investment risk.
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White papersCHINA: 19th party congress and beyond
What are the key takeaways from the 19th Party Congress?
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White papersThe Science and Art of Multi-Asset Investing
Generating consistent returns under uncertain conditions is a challenge. Can multi-asset strategies make the job a little easier? We think so. But a lot depends on how they’re designed.
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White papersWhat is in store for investors after the German government talks collapse?
There is still a possibility that a coalition will be formed, although it will take time.
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White papersVenezuela on the edge of the cliff: let's be cautious
President Nicolas Maduro recently announced the Republic of Venezuela’s intention to restructure all foreign debt, thus recognising the country’s current debt load as unsustainable.
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White papersContemplating the death of ‘Abenomics’
Prime Minister Shinzo Abe’s popularity has diminished after being caught up in a series of scandals. While we believe that Abe is most likely to remain in power, we will be watching his approval rating closely.
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White papersA Guide to Alternative Risk Premia
For years, academics and investors have been researching sources of return to understand what drives outperformance. Increasingly, this research has been focused on alternative risk premia strategies, a form of factor-based investing which is now entering the mainstream.
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White papersAn unconstrained approach to liquid risk premia research and construction
Liquid Risk Premia, sometimes called Alternative Betas, are return opportunities associated with second-order capital market risks that are in themselves not dependent upon assuming some form of market direction.
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White papers5G: The Foundation for a Hyper-Connected World
Principal is sparking an ongoing conversation on transformational technologies and their influence on our world.
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White papersFactor Investing: Diversifying risks to enhance long-term performance
For a long time, traditional equity investing has aimed at generating returns rather than managing risk. But in recent years institutional investors have started to change their attitude: mitigating risk is now more important than maximising returns.
