Equities – Page 19
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Staying Invested Today: Resiliency in the face of tightening
Financial markets have had an extremely rocky start to 2022. After a month of trading, several major global equity market indices have fallen into correction territory—a drop of 10% from their recent all-time highs—as investors adjust expectations in the presence of United States Federal Reserve (Fed) tightening, elevated inflation, and softening economic growth.
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Five Ways Technology Companies Offer Inflation Protection
From the advent of electricity to the adoption of the internet, technology has often been a catalyst for cost reduction. Yet today, investors may find that some technology companies can raise prices amid inflationary pressures, adding to their fundamental appeal in a challenging economic environment.
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Cross Asset Investment Strategy - February 2022
Recent sharp increase in nominal and real yields has been reflected in strong movements in equity markets, causing a rotation out of growth into value stocks. We think the uncertainty (Covid, geopolitics) would continue as markets assess the path of inflation, economic growth and monetary policy.
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Equitorial, H1 2022: Investing in a net zero future
During his speech at COP26 on 3 November 2021, UK Chancellor of the Exchequer Rishi Sunak declared the need to “rewire the entire global financial system for Net Zero”. To this end, he announced the UK’s intention to become the world’s first ‘Net Zero Aligned Financial Centre’.
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China: The Great Disconnect
Chinese equities offer many unique attributes, particularly given the improving access to the onshore market, which offers investors direct exposure to China’s economy as it repositions itself for long-term sustainable growth.
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Global Investment Views - February 2022
January has seen strong gyrations in markets, with nominal and real yields rising sharply, driving a strong shift from growth to value in equities. The reassessment of the inflation premium in the wake of demanding valuations has driven a strong repricing of risk premia.
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Equity Market Correction Opens Door for Quality Recovery
It’s been a challenging start to the year for equity investors, with markets dragged down by a sell-off starting in expensive technology stocks, particularly in the US. While the correction is unsettling, we think it may open the door for a healthier recovery in which companies with high-quality, sustainable businesses can stand out.
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Emerging markets – Short-term pain ahead of an upturn
While 2021 was not a good year for emerging asset markets (EM), 2022 may hold positive developments that could turn the region’s markets around. Our investment view is generally constructive on EM this year, although we are cautious in the near term.
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Equities: On the contrary
Franklin Mutual Series’ CIO Christian Correa discusses investment ideas his team is prepared to defend against the herd in 2022.
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Deep Waves: The Quiet Undertow of Intangible Assets
The rise of intangible assets has distorted the difference between value and growth investing.
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Investing in 2022: Four key market drivers
The pandemic and rising inflation were prevailing drivers of markets in 2021. But the economic squeeze which dominated 2020 finally started to loosen its grip, as the world started to get back to something resembling ‘normality’ in the second half of last year.
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CLOs: A Safe Haven Amid Rising Rates?
CLOs offer a number of potential benefits in a rising rate environment, with BB and equity tranches offering particular value.
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What is driving the sudden spate of telecoms buyouts and is it good for investors?
The European telecommunication industry has been the problem child of the equity market for some years, writes Joe Howes, Credit Analyst
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Hawkish Fed Makes Markets Rethink Pricing
Markets boosted and pulled forward rate hike expectations following the FOMC’s hawkish shift, with three hikes priced for 2022. While our baseline outlook sees the Fed tightening this year, we believe it will remain accommodative, so growth doesn’t slow too much and derail the recovery.
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Chinese equities: Conviction amid change
Franklin Templeton Emerging Market Equity’s Micheal Lai expects quality companies in China to deliver growth across market cycles.
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You asked, we answer - January 2022
A number of scheduled country-level elections will carry moderate uncertainty. However, while they could bring new faces, they are unlikely to result in abrupt changes from the current generally pro-European and market-friendly stance of large EU countries’ governments.
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China’s growth cycle is turning
Senior market strategist APAC Chi Lo discusses how Beijing has shifted to a pro-growth policy and away from painful economic restructuring as growth momentum slows to levels below what is tolerable to Chinese policymakers.
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Where are the opportunities in private equity?
It’s been a bumper period of performance - across the card - for private equity. Our experts explain why returns been so strong and offer their views on what comes next.
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Factor investing: understanding your performance!
Multifactor strategies are based on investable portfolios, benchmarked against market capitalisation indices and tilted towards stocks with given characteristics (factors): they should be cheaper (value), more profitable (quality), less risky (low risk), and have outperformed in the past (momentum).
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The social transition: Investing for a more equitable world
Recognising that being a good corporate citizen is the right thing to do and pays off is something investors and the financial community need to think harder about, argue Vaidehee Sachdev and Matt Kirby.