All Commentary articles – Page 38
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White papersA global assessment of the implications of recent banking sector developments
”Due to tightening financial conditions, we expect a weaker US economic outlook, and a less aggressive Fed: a small increase in rates is still on the cards and then a pause.”
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White papersUniversal access to clean water and sanitation has wide-ranging benefits
As a resource that is critical to life on Earth, it behoves us as stewards of the planet to look after water. Beyond answers to droughts and floods, and the damage they do to the economy, other areas such as providing clean water and sanitation can have considerable benefits for society at large that extend from reduced healthcare costs to improved productivity.
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White papersThe Investment Podcast: Infrastructure - an industrial revolution?
Investing in infrastructure has historically been about existing, stable and secure assets. In recent years, there has been a concerted effort to drive towards sustainable sources of power and energy needs and have resilient local infrastructure.
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White papersECB increases rates: the job on inflation is not done yet, but expect a softer path
The European Central Bank raised its key policy interest rates by half a percentage point, lifting the deposit rate to 3.0%. However, it did not commit to future rate hikes, Lagarde stated that “it’s not possible to determine at this point in time the future path for rates”. ...
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White papersReal estate – understanding the new normal
2022 was a year of many unforeseen events – from geopolitical upheaval leading to slowing economies around the world, to surging inflation and rising interest rates – all marking the end of the property cycle.
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White papersAt the Crossroads, Seeking Direction
Faced with historically inverted yield curves, unbalanced equity markets and economic conditions unseen for 40 years, investors are agonizing over their next steps.
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White papersSilicon Valley Bank: Market Reaction and Implications
Facing pressure from declining deposits and a loss on the sale of securities in its portfolio, SVB attempted last week to raise capital to mitigate a Moody’s rating downgrade on Wednesday. However, it was unable to complete the capital raise before markets opened on Thursday, which resulted in a precipitous drop in its stock price that day.
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White papersA multi-asset perspective on recent bank turmoil: Don’t lose sight of the macro story
Franklin Templeton Investment Solutions explores the shared macro concerns that set the stage for the recent banking crisis, its ripple effects on the broader economy and implications for multi-asset investing.
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White papersTapping the Evolution in Alternative Return Streams
Institutional investors’ thinking about risk allocation has been dominated for some time by traditional beta sources, mainly long exposure to equities and bonds. The market regime provided little reason for radical change. After all, for two decades, stock and bond returns were negatively correlated, enabling 60/40 equity/bond mixes to deliver both a risk-balanced allocation framework and attractive returns.
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White papersFed in a Pickle: Fight Inflation OR Fuel a Banking Crisis?
Following SVB’s collapse and related events, the Fed is stuck between a rock and a hard place: Inflation is too high, but cracks are starting in the financial system. How did we get here? What are the Fed’s options?
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White papers2023: The year of green, social and sustainability bonds? Three reasons to be optimistic
2022 was a very challenging year for the bond market and sustainable bonds were no exception. Yet, there are reasons to remain optimistic about the asset class; the green bond market showed resilience and offered interesting investment opportunities which continued to drive investor appetite despite the high volatility.
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VideoCost of keeping a tenant has gone up dramatically, says GTIS’s Tom Shapiro
Tom Shapiro, GTIS president and CIO, joins ‘Closing Bell: Overtime’ to discuss the problems faced by commercial office REITs.
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White papersEuropean banking sector set to withstand Credit Suisse fragility
”The Credit Suisse turmoil appears to be driven by a crisis of confidence, with markets putting banks under scrutiny following the SVB failure.”
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White papersFurther concerns, or contagion? The latest on global market volatility
Over the past week, investors have had to digest U.S. banking failures and the threatened collapse of a major European bank. This stress has finally underscored the tensions between global central banks’ efforts to tame inflation and growing concerns that further policy tightening will spark a crisis. As we all follow the latest developments, it’s important to consider each of them in context.
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White papersOne Bad Apple? Or More to Come?
Several of Allspring’s equity portfolio managers voice their views on the state of the U.S. banking industry in the aftermath of Silicon Valley Bank’s collapse.
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White papersCan systemic risk come back in 2023?
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we analyse the outlook for systemic risk using an established measure of market turbulence over time.
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White papersBanking crisis lends uncertainty to macro outlook
Brandywine Global: As investors and markets navigate the immediate fallout of the banking crisis, we look at the broader macroeconomic implications and the potential outlook for fixed income and currencies..
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PodcastPAT Cast #13: MIPIM Special: Judging value in a volatile real estate market
MIPIM, one of the world’s leading real estate conferences, brings together the most influential players from all international property sectors.
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White papersRamping up the US-China chip rivalry: Who will suffer the most?
In another turn of the screw in its ban on tech and chip exports to China, the US is proposing to block direct company investment in advanced tech areas such as artificial intelligence, 5G wireless and quantum computing. How much China suffers will depend on whether the country has enough knowledge to sustain its own development of advanced tech. There is evidence that it has.
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White papersNo systemic risk from SVB failure, but watch out for areas of vulnerability
Silicon Valley Bank (SVB), a commercial bank that specialises in serving start-ups in Silicon Valley, has been shut down by regulators.
