All Commentary articles – Page 27
-
White papersBalance Is Critical for the Obstacles Ahead
Rising inflation may be behind us, but now a nervous market parses every data release for signs of recession. Regular readers know that, in early September, I hear the starting gun for the race to the end of the year. As we get back to our desks after summer breaks, focus turns to end-of-year portfolio results, and calendars fill to review the year’s achievements, lessons and progress, and to begin peering into the year to come.
-
White papersUS election debate generates more political than policy buzz
The first debate between the two candidates running in the U.S. presidential race was a fractious exchange that shed little new light on policy details but is likely to be politically consequential.
-
White papersArtificial Intelligence Insights
Artificial Intelligence (AI): what was once just a buzzword, is now reshaping industries and creating an environment ripe with investment opportunities. This transformative force is driving efficiency and innovation across industries and sectors, including real estate. We think AI has the potential to enhance investment processes and add diversity to investment strategies. Asset managers who strategically integrate AI into their operations can gain a competitive edge, and risk falling behind if they don’t.
-
White papersRally broadening is underway
A mild US economic deceleration, interest rate cuts by the Fed and an improving earnings profile could further support the broadening of the rally outside the expensive US technology names.
-
White papersTime to get active: Finding opportunities in emerging-market debt
Emerging markets have remained robust amid the economic and political uncertainties of 2024, but active management will be important if debt investors are to identify standout performers over the coming months.
-
White papersGlobal Investment Views - September 2024
When central banks are cutting rates and risks of a US recession are limited, we remain disciplined and mildly positive on risk assets.
-
White papersGlobal Emerging Markets Equity Outlook, H2 2024
In this report, we discuss noteworthy developments in emerging markets this year that have reinforced our view about the medium- and long-term prospects for the asset class. We see various tangible additional drivers of future growth.
-
White papersFed easing: Fear rate cuts in a recession, not in a soft landing
History suggests that the Fed’s success in piloting a soft versus hard landing will play a key role in dictating the path for U.S. equities. For example, in 1985 and 1995, rate cuts supported strong equity gains as recessions were avoided, while in 2001 and 2007, even aggressive easing couldn’t prevent steep market declines amid economic downturns. Today, the absence of glaring household or corporate balance sheet vulnerabilities means Fed easing should be enough to prevent recession, and should provide investors some optimism for the future of the market.
-
Asset Manager NewsActis invests in world’s largest integrated renewables and energy storage project in the Philippines
Actis, a leading global investor in sustainable infrastructure, has agreed to enter a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, poised to be the world’s largest integrated renewables and energy storage project.
-
White papersWhat Fed rate cuts mean for U.S. equities: A historical perspective
Federal Reserve (Fed) Chair Jerome Powell has all but confirmed that the rate-cutting cycle will commence at the next FOMC meeting on September 18. Financial markets are currently pricing in 100 basis points (bps) of cuts this year—potentially equivalent to a 50bps cut in September and 25bps cuts in both November and December—as the Fed gears up to ward off recession. Its success in piloting a soft versus hard landing will play a key role in dictating the path for U.S. equities.
-
White papersWhy it’s (still) a good time to invest in private real estate credit
We believe it’s a good time for debt. Benefits include diversification—a lack of correlation to other asset types— as well as returns comprised primarily of income, attractive relative value, and equity cushion to absorb asset stress due to unexpected events. Given current market opportunities, private real estate credit looks particularly attractive today.
-
White papersWhy Japan Bounced Back
A huge market shock and a prime Minister heading for the exit—does any of what happened in August affect the long-term investment story for Japan?
-
White papersESG Thema #17 - Investing in gender equality: Momentum is growing
Over the last century, women have acquired the right to vote in almost every country, have entered the job market and political bodies, and have gained their independence, particularly financial. Equal rights have thus been achieved in society.
-
White papersGrowth of the East
The East’s economic power has been building for decades. Buoyed initially by Japan’s industrialization, the region was boosted further by the modernization of Hong Kong, Singapore, South Korea and Taiwan, alongside the rapid rise of China.
-
PodcastHigh Yield Bonds: Assessing the Landscape Today
Kelly Burton sheds light on the technical and fundamental picture for high yield bonds today as investors grapple with an increasingly noisy macroeconomic and political backdrop.
-
VideoNeuberger Berman Private Markets: Q2 2024 Preliminary Valuation Summary & Analysis
Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
-
White papersArticle Shopping around: The outlook for US retail
While remaining broadly cautious on the US retail sector, the credit team explain why they are focusing on names with turnaround stories where they see upside catalysts and better relative value.
-
VideoFrontier markets: Tapping into untapped potential
What is a ‘frontier market’? And why should investors be looking at this exciting area of EM? Mohammed Elmi, Lead Portfolio Manager, EMD, provides his view.
-
White papersEquitorial: A practical pathway to net zero
Investors increasingly recognise the urgency of addressing climate change. Many, particularly in the institutional investor space, have already set net-zero goals and commitments. In our latest Equitorial report we ask: Can good intentions be translated into effective action?
-
White papersBasel III Endgame and the “Reg Cap” Opportunity
Tighter bank capital regulation looks set to make U.S. banks adopt a risk-transfer practice that has long been common in Europe—and attractive to investors.
