All Equities articles – Page 24
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White papersReturning to REITs
As inflation declines and interest rates are cut, the future may be brightening for one of the most beaten-down U.S. equity sectors.
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White papersNext-generation private equity: The art of partnership
Next-generation managers are re-energising the private equity industry from the point of view of both approach and performance.
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White papersU.S. Federal Reserve policy decision: securing a soft landing
The Fed’s aggressive 50 basis point rate cut, while unconventional, reflects a proactive approach to stave off any potential economic weakness. Despite associations of such large cuts with crises, today’s economic backdrop remains resilient. With recession risks receding and a favorable historical pattern during non-recessionary rate cutting periods, investors have reasons to remain cautiously optimistic about the market’s near-term outlook.
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White papersGlobal Market Perspectives Q3 2024: Losing some of the shine
Global growth has broadened beyond just the U.S. But the limited nature of the upturns implies U.S. dominance remains.
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White papersSDG Engagement Equity, H1 2024 report
As responsible investors, it’s important that all the sustainability claims we make are credible and we focus on the issues that matter. The same should be expected of our investee companies. In this report we provide colour on the ongoing engagement dialogues we have been having with our holdings.
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VideoNot all strategies look like ours: Sustainable Global Equity
In this video, Martin Todd and Henry Biddle highlight the key differentiators that have driven the strategy’s success and made it stand out in a competitive market.
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White papersWill new reforms tackle the ‘Korea discount’?
South Korea’s new ‘Corporate Value-Up Programme’ aims to address the so-called ‘Korea discount’, which sees domestic companies trading at lower price-to-earnings multiples than their global peers.
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White papersU.S. Federal Reserve – a close call
The Federal Reserve (Fed) will begin its rate cutting cycle this Wednesday. Market expectations are split between a 25 basis point and a 50 basis point rate cut, as the decision is complicated by conflicting signals of solid economic activity but a weakening labor market. Rarely have market expectations been so torn, so close to a FOMC meeting.
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White papersGlobal Equity ESG, H1 2024 Report
To make ESG investing truly effective, investors must integrate high-quality data into the investment process. For our Global Equity ESG team, the EU’s Principal Adverse Indicators (PAIs) are a useful tool to support portfolio analysis and direct engagement with companies.
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White papersThe technology sector – An update after the summer volatility
Volatility may be part and parcel of equity markets, but this summer’s swings stand out. The causes cited for the sell-off included concerns over the outlook for the US economy and an unwinding of yen carry trades. Investors also worried about the risk of the vast sums being invested in artificial intelligence (AI) ultimately not generating sufficient returns. Daniel Morris investigates the AI angle.*
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White papersGlobal Investment Views - September 2024
When central banks are cutting rates and risks of a US recession are limited, we remain disciplined and mildly positive on risk assets.
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White papersGlobal Emerging Markets Equity Outlook, H2 2024
In this report, we discuss noteworthy developments in emerging markets this year that have reinforced our view about the medium- and long-term prospects for the asset class. We see various tangible additional drivers of future growth.
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White papersFed easing: Fear rate cuts in a recession, not in a soft landing
History suggests that the Fed’s success in piloting a soft versus hard landing will play a key role in dictating the path for U.S. equities. For example, in 1985 and 1995, rate cuts supported strong equity gains as recessions were avoided, while in 2001 and 2007, even aggressive easing couldn’t prevent steep market declines amid economic downturns. Today, the absence of glaring household or corporate balance sheet vulnerabilities means Fed easing should be enough to prevent recession, and should provide investors some optimism for the future of the market.
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White papersWhat Fed rate cuts mean for U.S. equities: A historical perspective
Federal Reserve (Fed) Chair Jerome Powell has all but confirmed that the rate-cutting cycle will commence at the next FOMC meeting on September 18. Financial markets are currently pricing in 100 basis points (bps) of cuts this year—potentially equivalent to a 50bps cut in September and 25bps cuts in both November and December—as the Fed gears up to ward off recession. Its success in piloting a soft versus hard landing will play a key role in dictating the path for U.S. equities.
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White papersLife Sciences: Four reasons why this out-of-favour sector deserves your attention
As headwinds subside, the Sustainable Global Equity team reveal why they believe investment into the Life Sciences sector looks compelling for the long term.
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White papersIndia: the emerging market outlier
Underlying economic factors make India an emerging market like no other.
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VideoThe road ahead for US equities
Charlotte Daughtrey, Equity Investment Specialist, considers the current tailwinds for US equities, the impact of the US election on small- and mid-cap companies, and whether or not the recent rotation out of mega-caps is sustainable.
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White papersEurope better placed than America… and cheaper
In the US, weakening employment poses risks to both consumer expenditure and growth, while in China both the consumer and the property market are at risk. The European consumer is more confident, despite a tougher business environment.
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White papersSummer rotation in equities
Global equities delivered strong performance this year on the back of resilient economic activity in the US and Europe. Some sectors such as technology outperformed the broader markets led by artificial intelligence-driven exuberance in the US. We are now witnessing signs of a broadening of this rally to other areas such as small caps, financials, that have lagged behind.
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White papersOn pause: the one-way certainty of the market is over … for now
The macroeconomic backdrop is changing, or at least uncertain. This could shift the pricing of risk assets, but it won’t change what we do, which is look for stronger competitively advantaged businesses that fit our quality growth philosophy.
