All Equities articles – Page 53
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White papersFinding the Middle Path in Extreme Equity Markets
Equity markets were jolted in January amid growing concerns about macroeconomic threats. For investors seeking more stable equity allocations, stocks “in the middle,” with high-quality features and reasonable valuations, can help portfolios cope with volatility.
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White papersEmerging Markets Charts and Views - Reasons for cautious optimism in 2022
Emerging markets (EM) faced a backlash in 2021 as a consequence of the Chinese slowdown, rising inflation and – at the end of the year – a more hawkish Federal Reserve (Fed). As such, investors, including us, have been cautious and very selective on EM assets.
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White papersThe journey back to zero real rates
Real interest rates in the US and Europe have reached negative levels that are unprecedented in recent history. We have to go back to the 1970s to find similar levels, and only a handful of past examples since WWII can be used as reference points.
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White papersStaying 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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White papersFive 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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White papersCross 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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White papersEquitorial, 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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White papersChina: 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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White papersGlobal 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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White papersEquity 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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White papersEmerging 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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White papersInvesting 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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White papers1Q: 2022 Strategic Investment Outlook: Four Strategic Allocation Issues for Asset Owners in 2022
Four strategic issues—from evolving inflation drivers to a reassessment of real-return prospects and liquidity risks for equities—could have far-reaching implications for strategic asset allocations in the coming year. The action points offered in this note include both changes to portfolio structure and potential alterations in approach.
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White papersChina outlook – Some unconventional thoughts
While there appears to be a large degree of market consensus on China’s GDP growth in 2022, there is less clarity on the three to five-year outlook. A raft of issues could slow growth momentum in 2022.
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White papersSDG Engagement Equity commentary: National Instruments
The SDG Engagement Equity Fund focuses on attractive companies with the potential – through engagement aligned with the Sustainable Development Goals (SDGs) – to generate outcomes that benefit people, the planet and investors.
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White papersSDG Engagement Equity commentary: Eagle Materials
The SDG Engagement Equity Fund focuses on attractive companies with the potential – through engagement aligned with the Sustainable Development Goals (SDGs) – to generate outcomes that benefit people, the planet and investors. Here we demonstrate how we are engaging with current holding Eagle Materials to create positive impacts on the environment.
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White papers2022: A Year of Major Inflection Points
These five big transitions are likely to make 2022 a choppy and challenging year for equity investors—and the end of the coronavirus pandemic doesn’t even make the cut.
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White papersCLOs: 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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White papersWhat 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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White papersHawkish 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.
