All Commentary articles – Page 78
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White papersEconomic and Market Review: Key Considerations for Equity Investors
We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle.
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White papersMarket snapshot: Fed ramps up policy response to runaway inflation
US central bank to begin speedy reduction of its balance sheet as officials lean towards 50bps rate rises this year
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White papersHoping for the Best, Preparing for the Worst
We’ve officially embarked on a very peculiar tightening cycle—one in which inflation is at levels more associated with the peak of the hiking cycle, and not the start.
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White papersHotels a better investment bet than logistics: Pro-invest
Fund manager Pro-invest has tipped the hotel sector to outperform the booming logistics market over the coming years on the back of a resurgence in accommodation take-up, after securing up to $200 million from institutional investors for its latest hotel fund.
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White papersCredit markets: more attractive valuations but we remain cautious
Valuations are now a little more attractive. However, the environment remains challenging, particularly in Europe. We remain cautious and more constructive on US credit markets relative to euro markets.
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White papersMacroeconomic Picture - April 2022
United States: the increase in energy and commodity prices, which is pushing inflation higher, is negatively impacting the US consumer, both in terms of confidence and spending. At the same time, companies’ capex intentions remain high, suggesting that while US consumption may be decelerating, capex should remain resilient to the Ukraine war confidence hit.
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VideoGTIS Partners President on Commercial Real Estate
GTIS Partners President Tom Shapiro discusses his outlook for the real estate market with “Bloomberg Markets” hosts Caroline Hyde, Romaine Bostick and Taylor Riggs.
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White papersEquity Outlook: War Intensifies Inflation Test for Investors
Stock markets fell in the first quarter as Russia’s invasion of Ukraine destabilized the growth outlook, amplified concerns about rising interest rates and unleashed geopolitical risks. While the conflict has created many uncertainties, we believe the impact of persistent inflation will be the dominant influence for equity investors through the remainder of 2022 and beyond.
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White papersMarket snapshot: Is a recession around the corner?
The US treasury yield curve inverted for the first time in almost three years, a traditional harbinger of a recession.
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White papersFixed-Income Outlook: Look to the Horizon in Stormy Seas
Russia’s war on Ukraine has shaken the world. From a massive humanitarian crisis to an energy shock to food insecurity, the ripple effects are already being felt near and far. Even if the conflict ends tomorrow, the invasion could have lasting global consequences. Amid heightened geopolitical tensions, continued volatility over the near term is the only certainty. Below are the top risks—and strategies—we think bond investors should keep in mind.
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PodcastThe Investment Podcast: Weathering the inflation storm
Inflation has proved to be anything but transitory. In this episode, David Parsons and David Lloyd discuss the economic impact of an evolving inflationary environment, the implications of supply-constrained inflation feeding into policy, the varying scope for manoeuvre from central banks around the world and why patience is key.
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PodcastHow to Break the Bias for Women in Finance
Across industries, we are still seeing a prominent gender gap in the corporate world despite the progress that has already been made. As men and women enter the workforce at the start of their careers, there seems to be an equal footing.
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White papersCharter Hall Market Update
Resilience and relationships continue to drive Charter Hall’s record fund growth and equity across the business, delivering strong results for investor and tenant customers, and communities in the first half year alone.
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White papersNow for the hard part: The challenge of delivering net zero
More than one fifth of the world’s largest listed companies have committed to net-zero targets, but few have detailed roadmaps to get there. Mirza Baig considers the challenges for investors managing transition pathways.
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White papersReal Estate Outlook – Europe, Edition 1 - 2022
Just as the COVID-19 pandemic appeared to be behind us, a war has started as Ukraine was invaded by Russia. We are not anticipating significant direct impacts on the European property market outside of CEE. However, the indirect impacts of higher energy costs and weakened business confidence may slow the economic recovery.
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White papersIs Russia’s Invasion Inflationary or Deflationary?
Global tragedies, the COVID-19 pandemic, and the Ukraine invasion delivered similar economic shocks, roiling the balances of supply and demand. But the lockdowns came with floods of cheap money and generous subsidies, while this war coincides with central banks tightening and governments thinking harder about deficits.
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White papersCarbon Handprints: A New Approach to Climate-Focused Equity Investing
How can investors gain confidence that an equity portfolio is invested in companies that are really helping to address climate risk? Focus on a company’s carbon handprint, which measures the positive impact, or carbon avoided, by using its products.
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White papersMaking the case for climate risk-adjusted refinancing operations
Here is the third in our series of regular articles on current academic research into a range of sustainable investment topics. The papers discussed were presented at the latest annual GRASFI conference.
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White papersValue stocks still cheap relative to growth sector peers
We expect the environment in the coming few years to be unusually favourable for value relative to growth stocks. Multi-factor equity strategies should prove more attractive for investors. The prospect of rising interest rates as central banks react to higher inflation further complicates the outlook for ‘glamour’ growth stocks.
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White papersReal Estate Outlook – Global, Edition 1 - 2022
The global economy continues its recovery from the pandemic. However, the rebound has been uneven and interrupted, most recently by the Delta and Omicron variants of COVID-19. Omicron saw the re-introduction of some restrictions which impacted economic activity around the new year and in early 2022.
