All Commentary articles – Page 65
-
White papersStructural Change in Europe as Funds Take Market Share
In this Q&A, Adam Wheeler discusses the current state of the European private credit market, and how the economic backdrop is creating both challenges and opportunities for investors.
-
White papersU.K.’s Mini-Budget Causes Major Market Moves
The U.K.’s sweeping fiscal package caused widespread disruptions—leading the BOE to intervene and restore market stability—which could lead to more hikes in the near term. Meanwhile, labor stats in the U.S. next week should help show just how far the Fed might go.
-
White papersCentral banks split by fiscal packages vs inflation
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we analyse the market response to the UK’s latest fiscal stimulus and suggest this situation could be replicated across Europe as winter takes hold.
-
Asset Manager NewsIn a climate of uncertainty, Expo delegates seek clarity
As delegates push through the turnstiles for the first day of Expo Real, many will be looking to gauge the industry mood in an environment of rising interest rates, soaring energy prices and slowing transaction activity.
-
White papersClimate risks: too big to ignore
The last day of summer in the Northern Hemisphere was September 22nd, and cooler temperatures will surely be welcomed by many
-
White papersLISTED INFRASTRUCTURE: Three win/win opportunities for investors and society in the U.S.
The electric grid is increasingly vulnerable to damage from storms and other natural events such as wildfires. Hardening the grid is therefore a major focus for utility companies in the U.S. today.
-
-
White papersRESILIENT HOUSING: Greater demand, lower risk, recession resistant
The U.S. residential rental market has demonstrated remarkable strength since the pandemic. All types of housing, including traditional multifamily, single-family rental, and manufactured housing, have exhibited strong occupancies, collections, and rent growth. Furthermore, all price points, from luxury to lower end, and locations, both urban to suburban, are experiencing success in these key operating metrics.
-
White papers
Real Estate sector report
The apartment market remains a top performer among all property types though mid-year 2022. Demand continues to drive down vacancy rates in most regions, with a nascent recovery emerging within larger coastal gateway cities.
-
White papersCIO views: what about an outlier scenario?
In the current context of interest rates being higher for longer, what would happen if an extreme situation played out to amplify existing trends? For instance, interest rates rose to 6% or inflation increased to 20% in a developed market?
-
White papersBraving bear markets: 5 lessons from seasoned investors
This article was originally published July 15, 2022, and has been updated to reflect market conditions.
-
White papersUpheaval in the global FX regime
The global FX regime of the last 20 years has been characterised by a distinct pattern of capital flows. At its core, Asian countries (mostly China) recycled their current account surpluses into USD-denominated FX reserves, in order to weaken their domestic currencies and preserve export-led economic models.
-
White papersGlobal foreign exchange regime faces winds of change
Dollar strength is causing strains, even in developed economies like Japan and Britain. A short-term fix could be a Plaza-style accord to weaken the dollar. Reverse FX wars, with a race to strengthen currencies, are another possibility. Longer-term, momentum may grow for a multi-polar currency regime that pits China ...
-
White papersNavigating the Emerging Markets Default Wave
Despite record defaults, stresses remain relatively low for the asset class overall.
-
White papersInvesting at a Crossroads: Three Themes for Today’s New Challenges
As 40-year tailwinds turn to headwinds, we distill an era of sometimes bewildering change into three themes and a new investment playbook.
-
PodcastDisruptive Forces in Investing Podcast: Investing at a Crossroads
As many of the tailwinds of the past 40 years turn to headwinds, what could be the new long-term investment playbook?
-
White papersQ&A: The asset allocation process of a long-term investor
Views from the TIAA General Account
-
White papersWhat does ESG mean for private credit?
ESG’s impact on investor and manager behavior has changed the way we look at the world. Churchill’s Randy Schwimmer and Mickey Weatherston address what it means for private credit.
-
White papersEuropean Real Estate Debt Markets Re-align
5-year swap rates have pushed all-in real estate interest rates to over 4%, their highest levels since 2013. This has been triggered by record high inflation, central bank rate hikes, and uncertainty on the macroeconomic outlook.
-
White papersNext Wave of Physical Climate Risk
For any remaining sceptics, 2022 post-Covid summer has further confirmed that climate change is for real with new record length droughts, forest fires and the Rhine river at risk of running too low for commercial shipping.
