All Commentary articles – Page 74
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White papersMacroeconomic projections for the Italian economy and fixed income implications
Amid the cost of living crisis, ongoing since last autumn, Italy saw unexpected resilience in Q1 as the initial GDP growth estimate of -0.2% was revised up to 0.1% QoQ. However, there was no good news on domestic demand: a 0.8% QoQ contraction in household consumption does not bode well for the future, as consumer confidence declined further during Q2.
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White papersDid You Miss the Commodity Boom?
Commodity prices are up substantially this year, but we believe structural supply and demand imbalances mean we are still in the early innings of this cycle.
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PodcastTalking heads – There is resilience in asset-backed securities
Asset-backed securities backed by loans and other credits, from car loans to lending to corporations, face the same challenges as other fixed income segments. These include central bank policy tightening, volatility in inflation expectations and growth worries.
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White papers*Private market assets: the new funding stream that’s here to stay*
Private market assets have transformed the investment landscape in the 14 years since the global financial crisis.
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White papersAfter the Revaluation, the Slowdown
Our Asset Allocation Committee believes that, whether we enter a recession or not, the expected slowdown and ongoing market volatility could feel like one for investors.
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PodcastPAT Cast #5: Powering space innovation at Westcott Venture Park
The UK’s space sector generated £16.5 billion of income in 2020, propelling the demand for high quality real estate to support the industry to new heights. That is why assets like Westcott Venture Park have an essential role to play in driving the growth of the multi-billion pound industry.
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White papersClimate Change: How investors can help deliver a Just Transition
The concept of a Just Transition is not new. US labour leaders noted the conflict between jobs and the environment as far back as the early 1990s, but it has gained momentum in recent years.
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White papersReal Estate Outlook – Europe, Edition 2 - 2022
For many years, the main argument in defense of ever-lower property yields was that the spread over fixed income yields remained comfortably above historic levels. This is no longer the case, with the spread between government bond yields and prime office yields now below their long-term average in every major market.
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White papersFrench elections results open a phase of political gridlock
The fragmentation of votes into irreconcilable political blocs with no absolute majority creates a political situation unprecedented under the Fifth Republic. Financial markets do not seem to be concerned in the short term, but the absence of a clear policy stance could have consequences in the medium term. ...
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White papersNew diversity in green bonds may offer fertile ground for investors
The green bonds sector is changing. Years of powerful growth have not only brought it into the mainstream but have also delivered a richer, more varied universe for investors. As the world seeks the funds that will finance the energy transition and the road to net zero, we think this diversification will continue and evolve, rewarding those with the know-how to spot potential wrinkles as the opportunity set expands.
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White papers400G Networking: Empowering Data Centers
As data consumption rises, so does the need for hyperscale data centers. What opportunities could this bring?
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White papersThe ECB Joins the Growing Circle of Hawks
The ECB officially joined the hawkish camp, announcing a more aggressive path of rate hikes, which led markets to reprice the euro curve higher. Meanwhile, despite a move higher in initial claims, a strong U.S. jobs report will keep the FOMC on its hawkish rate-hiking path.
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BlogEDITORIAL | Smartening up cities
Cities are people magnets! And – given ongoing urbanisation – evidence shows their power to attract is ever increasing. Some 56% of the worldʼs 7.9 billion people already live in cities, and the number of urban dwellers will swell dramatically in the coming decades.
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White papersThe Space Economy Achieves Lift-Off
Space-based industry is much more down-to-earth than you might think—and every day it touches more and more of our lives
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White papersThe Fed Can’t Stop, Won’t Stop
The Fed turned more hawkish this week, upgrading its outlook for the Fed Funds rate, and lowering its outlook on growth—leading to a risk-off tone in markets. Meanwhile, the ECB announced a new tool to help address the uneven transmission of monetary policy normalization.
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White papersFour questions on impact investing
Impact investing has been described as the new frontier for socially responsible investing. The strategy, targeting a financial return and an (extra-financial) impact, can be implemented in listed as well as unlisted markets. Here is what you need to know.
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White papersA focus on inflation
The conflict in Ukraine has delivered a commodity price shock similar to that of the early 1970s, shattering hopes that the inflationary uptick may prove to be transitory.
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White papersWhy it is essential that we close the SDG data gap, and how it can be done
As sustainable finance evolves from ESG ratings and risk management, investors are increasingly asking for tools to help align their investments with actual sustainable outcomes. Now, Danish fintech Matter and BNP Paribas Asset Management have developed a dataset that provides a detailed, conservative analysis of how the revenues of more than 53 000 companies align with the UN Sustainable Development Goals (SDGs).
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White papersA Scenic But Treacherous Trail
Aggressive central bank tightening and declining purchasing power suggest the slowdown in growth should be steep, and faster than the inflation slowdown.
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White papersStickiness and science parks
This research article focuses on the stickiness of companies (their tendency to stay, or leave) on Dutch science parks, factors which influence this behaviour and possible solutions aimed at increasing the duration of stay of tenants.
