All Commentary articles – Page 51
-
White papersRetail: Looking behind the headlines, opportunities for the cautious and the brave
The headlines for retail real-estate investors were difficult before the Covid-19 pandemic, worse through it and arguably struggling coming out of the other side. The retail real-estate market remains challenging at a headline level, but the detail is more interesting and opportunities prevail.
-
White papersLogistics: Urban Industrial & Logistics will weather the storm better than most
The standard distribution logistics sector proved its resilience at the height of the pandemic. It fulfilled its supply mandate superbly, and is expected to continue its strong performance despite the current challenging economic environment.
-
White papersDebt: Targeting the opportunities for alternative lenders
Against the current volatile macroeconomic backdrop, the lending community is likely to be more cautious in 2023, meaning the overall supply of debt finance will be constrained in the short term. Where debt is available, it will reflect the uncertain environment, i.e. lower leverage at a higher cost.
-
White papersData enhances the investment process
The measurement of the world has advanced considerably through digitalisation. This has also increased the demands on the investment management of real estate.
-
White papersHow to Calculate the Most Important Number You Need to Know
For better or worse, the path of this year’s U.S. Consumer Price Index will determine the level of markets.
-
White papersAffordable housing, for long-term impact and growth
Definitions help investors assess the prospects and risks of real estate on a consistent basis, none more so than with regard to Living real estate. As highlighted elsewhere in our Outlook 2023, we are sure that ‘affordability’ is key to successful Living investment strategies and must be a focus for responsible long-term investors.
-
White papersLower for longer, no longer.
Changing Yields, Property Valuations, and Investment Opportunities
-
White papersThe low volatility anomaly – Still going strong after 50 years
Half a century ago, it became clear that investing in higher risk equities is not necessarily rewarded with higher returns. This low volatility anomaly goes against the traditional belief that there should be an extra reward for taking more risk. The anomaly persists to this day. There is now a range of investment strategies seeking to capture the benefits of the anomaly, including our own.
-
White papersMacro Matters - Better than feared. Worse than hoped.
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
-
White papersSustainability watch: electric vehicles, hydrogen power, and natural capital
A sustainability revolution is underway and we believe it provides one of the biggest investment opportunity in history.
-
White papersA framework for navigating uncertainty
Uncertainty over inflation and central bank policy is likely to remain high during the first half of 2023 with a wide distribution of potential outcomes. Despite this, analysis shows that bonds already price in most of the downside risk and are expected to deliver favourable outcomes across a number of scenarios, as highlighted in the chart below.
-
PodcastNavigating Secondaries Amid Choppy Markets
Private equity investors continue to experience a complex market environment, facing many macro headwinds and prolonged uncertainty.
-
White papersThe Investors Have Left the Building
Is money rushing to exit from non-traded real estate because there is more attractive value in listed real estate?
-
White papersChina’s structural growth - From opportunities to challenges with risks
After more than 40 years of economic reforms, China is arguably moving from an era of growth opportunities to one of growth challenges, characterised by reform fatigue, resistance to change and diminishing returns on investment. Looking ahead, what will drive China’s long-term growth?
-
White papersBonds are back: credit markets focus during 2023
This year, we expect the global economic environment to feature sluggish growth and an extended period of sustained high inflation. For the credit market, it will be a tale of two halves:
-
White papersCome Together: Opportunities Among Divergent Views
If there was ever a market environment that called for unbiased views and the ability to pivot, this would be it. With higher volatility, diverging macroeconomic conditions, and heightened uncertainty, investors are wondering what they could be doing differently and where they should stay the course.
-
White papersInvestment symposium – Macroeconomic themes for 2023
At our annual Investment Symposium, investment teams from across BNP Paris Asset Management debated the macroeconomic themes with the potential to shape markets in 2023, airing diverse perspectives and exploring the implications for portfolios. We share their conclusions on the main topics for the year ahead.
-
White papersCLOs: A Case for Higher-Quality
CLOs continue to offer compelling opportunities for disciplined investors—especially as robust structures provide protection against some of the lingering macroeconomic headwinds.
-
VideoShifting the spotlight: The value of biodiversity
The biodiversity around us is critical. Forests, peatlands and grasslands act as natural carbon sinks that absorb and store CO2. However, the threat to global biodiversity levels is at a tipping point.
-
White papersOpening Bell 2023 – Global Market Outlook
The outlook is looking a lot better than it was, as US inflation turns down and energy prices fall
