All Commentary articles – Page 47
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White papers2023 - a tough year ahead, but opportunities will abound
There can be little doubt that Europe, indeed most of the world, is facing challenging times. The global economic outlook has weakened due to a long list of economic, geopolitical, pandemic- and climate-related headwinds.
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White papersEmerging-Market Debt Outlook 2023: A Shifting Balance of Risks
Financial markets offered few opportunities for refuge in 2022, and emerging-market bonds were no exception. We expect the past year’s difficult conditions to gradually unwind in 2023, but risks remain, and investors will need to be selective.
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White papersMulti-Asset Allocation Views: Is the growth pause discounted already?
The Franklin Templeton Investment Solutions team believes many developed economies will experience a recession in the coming year as signs of an economic slowdown have been building for a while.
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White papersGoing global: Global real estate through a Japanese lens
Japanese interest rates on hold while they rise elsewhere means that hedging costs have risen for Japanese investors. Going global in real estate continues to bring benefits in terms of reducing concentration risk and tactically benefiting from markets in different phases.
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White papersHealthcare Stocks: An Innovative Remedy for Volatile Times
Healthcare stocks have remained in vogue through volatile markets, driven by increased interest in the sector during COVID-19. Yet the sources of the sector’s appeal run deeper than the pandemic’s effects and can provide resilient return potential through uncertain market conditions in 2023.
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White papersLooking beyond headline risks: European ABS review and 2023 outlook
It has been a challenging year defined by seismic events – from spiralling inflation to rising rates, and war in Ukraine. Indeed, 2022 has seen punctuated bouts of volatility applying great pressure on risk assets – but European ABS managed to outperform many of its peers. Here, we take a look at why this is the case, and what to potentially expect for 2023.
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White papersEmerging Market Insights: Optimism on 2023 outlook
We are optimistic that emerging markets, in particular Chinese equities, can post positive returns in 2023.
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White papersCentral Bank Watch: Calibrated tightening begins
The Franklin Templeton Fixed Income (FTFI) Central Bank Watch is a qualitative assessment of the central banks for the Group of Ten (G10) nations plus two additional countries (China and South Korea).
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White papersLife after death: how to reinvigorate UK high streets
Rising shop vacancies can be damaging for town centres. Innovative, impactful real estate investment can kickstart regeneration while tackling key social issues.
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White papersTurning towards the next best period of performance for real estate?
Repricing will emphasise variation in performance of portfolios, depending on quality of assets. But it could also create the next period of best performance for new investments, since history shows it is often in the years post-recession that real estate delivers.
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White papersBiodiversity Equity Report, Q4 2022
In our inaugural edition of the Federated Hermes Biodiversity Equity report, we shine a light on farming. As we face a climate emergency, agriculture is part of the problem – but could also be part of the solution.
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White papersAlways, Sometimes, and Never
MACRO MATTERS: In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
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White papersESG in motion: a dynamic forward-looking approach to detect ESG ‘improvers’
ESG investing has seen some headwinds in 2022. The ESG indexes suffered in 2022 in part due to their low representation in areas of the market that have benefitted from higher energy costs, such as the oil and gas sectors, and high representation in growth sectors that have been challenged by rising rates.
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White papersEuropean Fixed-Income Outlook: Stay High Quality in 2023
European bond-market performance was among the worst on record in 2022, as Europe ran the gamut of geopolitical, economic and market storms. While problems persist and we expect further periods of volatility, we believe the worst impact on markets is past and that investors will find opportunities in 2023—particularly in investment-grade and select high-yield credit.
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VideoWhy Value Now?
(1:58) Client Portfolio Manager, Nicole Vettise explains why value could be a good place to be in the current market environment, highlighting some key considerations for value-style investors.
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White papersBBBs in the ‘Old Normal’
A key investment-grade sector retains its appeal, but selectivity may be important.
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White papersProspects for emerging equities are encouraging
Next year is likely to be a relatively lacklustre one for global equities. But that would still be a major improvement on the dismal 2022.
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White papersWhat 2023 holds for equities and bond investors
2023 will be a year when the investment environment slowly gets back to normality. Inflation will come down – even if not quite as fast as the market seems to expect. Economies will struggle for growth, but manage to stave off a deep downturn.
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White papersOutlook for Equities: Growth Stocks Are “Coiled Springs”
High inflation and interest rates brought significant pain to growth equities in 2022. Today, their de-rated valuations and resilient earnings fundamentals are presenting an attractive opportunity to patient investors.
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White papersOutlook 2023
The leaders of our investment platforms welcome the New Year with their views for 2023.
