All Commentary articles – Page 3
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White papersCross Asset Investment Strategy - October 2024
Topic of the Month - Draghi’s report: a call to action for Europe’s competitiveness
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White papersEarnings season: Starting from a place of resilience
The third quarter earnings season has begun, and while expectations have tempered since earlier in the year, the corporate sector remains strong, with ample buffers given elevated profit margins and strong balance sheets. With the help of Fed cuts, they are well-positioned to navigate the period ahead even as the economy weakens.
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White papersMacroeconomic and financial market forecasts - October 2024
Macroeconomic forecasts as of 4 October
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White papersDraghi’s report: a call to action for Europe’s competitiveness
Draghi’s report on Europe’s declining competitiveness offers a comprehensive analysis, but many of its findings are not new. Yet, Draghi’s stature may lend urgency to these recommendations. Those requiring EU funding or treaty changes are likely to encounter substantial political resistance. The report provides a clear direction of travel and some of the reforms that do not require new funding (e.g., regulatory changes) could move the dial sooner.
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White papersStanding proud! 2024 GRESB Real Estate and Infrastructure Assessments
UBS Asset Management, Real Estate & Private Markets’ (REPM) sustainability efforts continue to build momentum with another set of strong results in the 2024 GRESB Real Estate and Infrastructure Assessments.
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White papersRates Relief or Slowdown Uncertainty?
Our outlook for lower rates and a soft landing favors U.S. small caps, and we are watching China’s new stimulus closely for its impact on global cyclical assets.
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White papersThe climate risk ‘hot potato’– which sector will be left with burnt fingers?
Does anyone remember Uruk, the ultra-modern city nestled amid the planet’s most fertile farmland? What about Skara Brae, the beachfront town with state-of-the-art homes, beautiful ocean views and mild weather? Nope? Well, 5,000 years ago both communities were among the world’s more desirable places to live, but the shifting climate changed things and these settlements were consigned to history.
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White papersChina: Is this the “whatever it takes” moment?
China’s recent stimulus measures, including monetary easing and a massive fiscal pledge, have sparked a sharp rally in equities, particularly in real estate and consumer staples. While market sentiment has improved, the long-term impact will hinge on the actual scale and execution of fiscal policy. Investors are cautiously optimistic, but much depends on how effectively China targets its property sector and broader economy.
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White papersSeptember jobs report: Not as weak as once thought?
The September jobs report showed a 254,000 monthly job gain, blowing all estimates out of the water. Not only does it suggest that the U.S. labor market is on a stronger footing than most believed, but it also suggests that the Fed does not need to maintain such an aggressive pace of rate cuts. Market expectations for a 50bps cut in November have rightfully plunged, and a 25bps reduction is now the clear market consensus.
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Asset Manager NewsDeka Immobilien takes advantage of current market phase for acquisition in Sydney, Australia
Deka Immobilien has acquired an office and commercial building in Sydney for its open-ended real estate fund Deka-ImmobilienGlobal. This marks Deka’s re-entry into one of the world’s most sought-after office real estate markets following an absence of almost 20 years.
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PodcastConnecting the Dots: US elections – what are investors watching?
In a year of global elections, the main stage has been set and all eyes are now on the White House and Congress in the US. In this episode, Anthony Balestrieri and Tony Finding discuss what investors are keeping a close watch on – from the bearing that election outcomes have on the global economic trajectory to fiscal expenditure and the ever-present market disciplinary forces.
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White papersChina’s recovery, is it for real this time?
Beijing has finally moved to fight the rising risk of a debt-deflation spiral with aggressive stimulus measures. Markets are taking this pivot seriously: Chinese stocks have rallied sharply and could have further to run in the short term. What is needed to sustain the recovery in the economy and asset markets is a real sense of conviction – among consumers and investors.
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White papersCLOs Go Mainstream
Rates are on their way down—so why are investors lining up for these floating-rate securities?
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White papersFollowing a bumper 2024, what’s next for the US economy and market?
The US has dominated financial markets this year. The economy has been stronger than expected with GDP growth running at an annualised rate of 3.0% in the second quarter (Q2).
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White papersDo elections really matter to investors?
Investors seek to track the evolution of the economic fundamentals that serve to anchor asset returns over a long-term time horizon. We look at what they are.
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White papersOn the ground in Turkey – where down means up
Will Scholes, co-fund manager of the Premier Miton Emerging Markets Sustainable Fund, pens a postcard from Turkey and argues “there is no substitute for on the ground research”.
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White papersWhy institutional investors are turning to data centres
The data centre industry is experiencing explosive demand growth driven by expanding use of technology and structural shifts in how data is consumed.
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Asset Manager NewsOntario Teachers’ Pension Plan and Hines acquire Build-to-Rent portfolio in Australia
Transaction provides geographic diversification and exposure to a key and growing market for multi-family assets
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White papersHow emotional bias could drive exploitable market inefficiencies
The propensity for emotion and bias to influence decision making is a common individual experience. But do behavioural traits really drive markets too? Here, we analyse recent real world examples that suggests emotional responses are likely to be a factor behind market ‘episodes’.
