All Commentary articles – Page 3
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Will the US presidential election endanger an investment boom?
The onset of the pandemic saw the US endure a period of remarkable economic turbulence but it has since transitioned to a phase of unexpectedly strong growth. One factor underpinning this trend has been the somewhat unusual, acyclical nature of investment spending. Far from exacerbating broader swings in the economy and falling sharply in the wake of higher interest rates – the traditional response – investment spending has remained solid.
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APAC investors should look west for real estate
APAC investors: look west not east for real estate opportunities.
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Engagement case study: LyondellBasell
As part of the Climate Action 100+, we co-led engagement with the company on setting and disclosing ambitious climate targets.
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UK outlook brightens as rate cuts loom
The Bank of England held rates at 5.25% this week, but its accompanying statement made clear that, given the broader outlook for inflation, the prospect of rate cuts this summer has increased.
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Economic Monthly: Flying Blind
The U.S. Federal Reserve (the Fed) has reduced the pace of quantitative tightening (QT), the European Central Bank (ECB), and potentially even the Bank of England (BoE), could begin cuts as soon as next month, and the dot plot shows the Federal Open Market Committee (FOMC) cutting rates later this year.
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Corporate Hybrids Take the World Stage
Why a predominantly European asset class is now growing in the U.S., creating new opportunities for seasoned investors.
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The Changing Asian Landscape – Part 2: Can India Keep Up the Pace?
Perspectives on the India success story and where it can go from here.
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Healthcare Stocks: Testing the Vital Signs of Managed Care Providers
Questions are being asked about the US managed care industry, but some businesses are equipped to rise to the challenge.
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Real estate is ideal for impact investing
BpfBOUW and ABP demonstrated a significant commitment to sustainable development by jointly allocating €400 million to the Dutch Social Impact Real Estate Partnership, managed by Bouwinvest.
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AI is transforming the data center
Artificial intelligence (AI), formerly relegated to the pages of scientific journals and science fiction narratives, is now permeating the fabric of our everyday lives—and transforming the data center in the process.
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Consider This: European Union elections
EU citizens go to the polls in June—here’s a look at the investment implications from Franklin Templeton Institute’s Kim Catechis.
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Unlocking opportunities: Understanding the growing secondary market
The global secondary market has grown over the past three decades primarily because of the increased supply of capital committed to private investment funds, according to Lexington Partners. They believe the backdrop for the secondary market in 2024 continues to remain attractive.
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Stock-Bond Correlation: Theory & Empirical Results
Stock-bond correlation is an important component of portfolio allocation. It is widely used by institutional investors to determine strategic asset allocation, and is carefully monitored by multi-asset fund managers to implement tactical asset allocation. Over the past 20 years, the correlation between stock and bond returns in the US has been negative, while it was largely positive prior to the dot-com crisis.
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The Coming Wave of Homebuyers
How higher rates for longer could be positive for U.S. consumption.
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Macroeconomic and financial market forecasts - May 2024
Monthly Cross Asset - Macroeconomic and financial market forecasts
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Correlation breakdown? Let’s listen to the data
At certain junctures in each investment cycle, market observers like us note phrases such as “correlations are breaking down”. Such an event is crucial, as the structure of our multi-asset portfolios hinges on the intricate concept of diversification. Ideally, correlations should be concentrated enough to avoid being muddled by investment noise, yet not so concentrated as to forfeit the benefits of cross-asset and intra-asset class diversification.
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Green leases - IREI article on sustainable practices in real estate
Green leases have proved popular among landlords and tenants alike to ensure that properties are being operated in a sustainable manner. What are green leases, how have they evolved, and how can building owners practically implement them in existing real estate portfolios?
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Modeling Direct and Indirect Climate-related Physical Risks
This paper addresses the methodological challenges in quantifying physical risks associated with climate change, proposing a novel top-down stochastic approach focused on modeling financial losses from extreme events. Unlike existing studies limited to specific events, our approach utilizes predefined climate sensitivity parameters, enabling a broader application across various extreme events using the example of tropical cyclones.
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Paradigm shift: market snapshot
Stronger-than-forecast US economic reads and hawkish comments from the US Federal Reserve have brought rate-cut hopes crashing to earth.
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Opportunities at the longer end of the commercial paper curve?
Federated Hermes’ Short Term Investments Committee of portfolio managers meets on a monthly basis to provide insights, strategise, and discuss investment opportunities across the short end of the yield curve.