All Commentary articles – Page 63
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White papersAsset Allocation Committee Outlook: 4Q 2022
Neuberger Berman’s Asset Allocation Committee meets every quarter to poll its members on their outlook for the next 12 months on each of the asset classes noted and, through debate and discussion, to refine our market outlook. The panel covers the gamut of investments and markets, bringing together diverse industry knowledge, with an average of 30 years of experience.
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White papersThinking Strategically About Commodities
A laggard over the past decade, commodities appear, in our view, poised for continued strength in the years ahead.
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White papersReal Estate Outlook – APAC, Edition September 2022
“APAC economic growth outpaced other regions in 2Q22. Inflation is rising but still modest and central banks’ reaction is not as aggressive as their western peers. Cap rates stayed firm but could rise in the next 1-2 quarters. We still see bright spots in the region that offer good investment opportunities.”
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White papersWhat comes NEXT NOW?
“May you live in interesting times” is said to be an old Chinese curse delivered in the disguise of a blessing. The expression probably owes more to the English sense of irony than Confucian logic, but whatever its origins, it is particularly apt today. Unfortunately, we are living in times that are all too interesting.
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White papersFive challenges for net zero investing
The Intergovernmental Panel on Climate Change gave the world a stark warning in 2018 of the dangers of failing to limit the global temperature rise from climate change to 1.5 degrees.
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White papersEDITORIAL: What’s next in these times of uncertainty?
It is a question everyone is asking. Today, we have spiralling inflation, rising energy and living costs and an explosion in construction costs. All industry sectors are impacted by the current crisis and economic slowdown. Any reasonable investor has to be cautious in such an environment.
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White papersWhere Trust and Performance Meet feat. Co-CEO, Sonny Kalsi
Sonny Kalsi is the Co-CEO of BentallGreenOak (BGO) and is based in Miami, Florida. He was a founder of GreenOak Real Estate in 2010 and, together with the team, built the business organically to $12 billion of assets under management in 10 countries with over 100 employees. Before co-founding GreenOak, he was the Global Co-Head of Morgan Stanley’s Real Estate Investing (MSREI) business and President of the Morgan Stanley Real Estate Funds until 2009.
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White papersTime for hotel operators to lift the bar on sustainable operations
Free WiFi – tick. Comfortable bed – tick. Great location – tick. These are just some of the amenities travelers scour through hotel reviews to find. The presence (or absence) of these can help to make or break a holiday. However, there is one more attribute tourists are increasingly looking for when choosing where to base themselves: sustainability.
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White papersHave we become too used to low rates?
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we examine the extent to which interest rate rises, rather than other macro and geopolitical factors, have been responsible for the falls in both equities and bonds this year.
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White papersImpact investing: Resiliency of affordable housing investments
The affordable housing sector remains an attractive strategy within real estate given the sector’s economic resilience compared with other housing sub-asset classes. The essential need for housing means demand is steady throughout the economic cycle, including recessionary environments.
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White papersIn the demographic winter, will we prefer pets to children?
Pope Francis fears the onset of a demographic winter, in which families choose to have more pets than children. It’s a contentious view, but is it based on a clear population trend?
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White papersUK government woes continue to overshadow markets
Investors unnerved by conflicting plans of the Bank of England and the UK Treasury as central bank seeks to put brake on growth to tame inflation while government wants to put foot on the growth accelerator.
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White papersU.S. Inflation Feeling Hot, Hot, Hot
Inflation rages on in the U.S. and elsewhere as the global economy faces further instability. What will this mean for central banks’ tightening efforts in the coming weeks, and are markets starting to recognize–and react–that it will take more time for prices to come down?
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White papersFixed Income Investment Outlook: 4Q 2022
Despite volatility, the basic storyline of inflation and the Federal Reserve should continue to drive market behavior. Over the months ahead, we anticipate continued tightening by the Fed and challenging European growth trends, with tail risks tied to the U.K., China weakness and policy overreach. A focus on shorter durations and quality, with opportunistic exposure to longer bonds and credit, merits consideration.
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VideoNiall O’Sullivan on Bloomberg TV: Energy Markets and the Global Economy
(10:29) Niall O’Sullivan CIO, Multi Asset Strategies – EMEA discusses with Francine Lacqua on Bloomberg TV, market reaction to recent oil price volatility, including broader economic and investment implications.
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PodcastMaking Sense of Markets and Policy Change
On this episode of Disruptive Forces, host Anu Rajakumar is joined by Robert Dishner, Senior Portfolio Manager for Multi-Sector Fixed Income, to discuss current volatile market dynamics and the associated challenges as we head toward the end of the year.
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White papersArtificial Intelligence and ESG: How do they fit?
Artificial Intelligence (AI) helps to circumvent some challenges with traditional ESG data. Textual and satellite data analysis can discover key ESG risks and opportunities. AI contributes to ESG integration by providing an alternative source of data for monitoring ESG reporting.
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White papersMacroeconomic Picture - October 2022
United States: Growth. We are still calling a soft landing in the US, with an extended period of sub-par growth for 2023 and 2024. We expect the US economy to grow by 0.9% in 2023 (1.1% Q4/Q4) and 1.3% in 2024 (1.3% Q4/Q4). Inflation. Headline inflation has peaked in the ...
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White papersMarket Scenarios and Risks - October 2022
We maintain the content and probabilities of our scenarios. Note that some of the risk factors we identify may occur in our central scenario, which is probably not yet fully priced-in by markets. It would take a combination of risk factors for the downside scenario to materialise. The downside is counterbalanced by an upside scenario, that of a rapid decline in inflation due to an easing of gas prices and/or to the combined tightening of global monetary policies, the impact of which can be underestimated.
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White papersToo early for a Fed pivot
The flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth. The more resilient the US economy proves to interest-rate hikes, the more aggressively the Fed will have to tighten monetary policy, thereby increasing the risk of recession. We have gone from ‘bad news is good news’ to ‘good news is bad news’.
