All Equities articles – Page 97
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White papersTop trends in 2019 – Infrastructure Outlook
This paper focuses on three key themes in Europe and North America to help investors navigate portfolio allocation decisions.
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White papersImpact Report Q4 2018
From ending poverty and reducing inequality to tackling climate change and working to preserve our oceans and forests, humanity faces a number of global challenges. Today, investors are realising that companies have the power to address these critical challenges, but bold action must be taken.
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White papersBig Challenges for Equities, Bonds and FX Markets
A series of challenges, from the debt ceiling to Fed quantitative tightening to Brexit, will be confronting a variety of markets.
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White papersAsset Allocation Update - Much ado about equities and credit
Equities and corporate bonds often do well together. Over the past 20 years the “beta coefficient” between credit to equities has been 0.5 in both the US and Europe; that is to say, for every 1% rise (or fall) in equity prices, credit markets have tended to return (or weaken) 0.5%.
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White papersIndia: Rupee Faces Significant Risks from April Elections
Indians go the polls in April to elect a new leadership. Can Prime Minister Modi’s party win an outright majority or will India have a coalition government?
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White papersMarket Perspectives - Patience is a virtue
Sunny spots are rare this winter. Economic data in in Europe and China have continued to underwhelm. Key euro area indicators including PMIs, Ifo and Sentix are at multi-year lows, following a sharp contraction in industrial production in Q4. China reported a slump in trade and the slowest annual growth in three decades.
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White papers
Liquidity Insights: Q4 Equity Volatility
Volatility in equities returned in 2018, surprising markets with a spike in February after a remarkably calm 2017. Volatility, however, retreated through the summer before reappearing in the fourth quarter, resulting in some big price moves in major equity indices.
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White papersAn Underappreciated Subset Of High Yield
As we enter what may be the twilight hours of an elongated credit cycle, an increase in defaults is not only possible, but probable. Against this backdrop, a credit-intensive, global approach to high yield investing is key.
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White papersCov-lite loans: the new normal, but at what cost?
Lending protections are eroding in Europe: cov-lite loans are now the norm in the large-cap loan segment, while cov-loose loans and add-backs to EBITDA are gaining ground in mid-market deals. Today, we explore the implications of loosening covenants and explain why we avoid these instruments, focusing instead on mid-market deals, which are governed by more robust loan documentation and offer attractive returns under strict risk controls.
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White papersChina more appealing based on progress in trade negotiations
The recent statements following the bilateral meetings between the US and China suggest that important progress has been made, and more details are emerging compared to the quiet early January round.
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White papersCross Asset Investment Strategy - February 2019
After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.
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White papersTwo Investable Themes in China
The China A-Share market presents a compelling opportunity for quality growth managers, with note two investible themes: a growing middle class and healthcare spending growth.
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White papersEuropean equity markets: Facing lower returns and higher volatility?
High-Quality Fundamentals, and a Unique Approach to Reducing Volatility
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White papersInvesting in the Low-Carbon Economy
Private capital has never been given such an important role in tackling climate change and de- carbonising the economy. As Philippe Le Houérou, CEO of International Finance Corporation (IFC), says, the private sector “holds the key,” noting that it “has the innovation, the financing and the tools.
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White papers2019 Outlook: Expect a tougher climb
Slower growth. Rising rates. More volatility. 2019 looks to be a year that could be challenging for investors. Yet we believe the markets offer a range of opportunities, and we are finding a number of investment ideas for our clients.
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White papersTen predictions for 2019: Choppy and frustrating, but no recession
Making predictions is a dicey proposition. In the many years I’ve been making my annual market predictions (more than I’d care to admit), I usually have a clear sense about where things are headed. But 2019 seems to be a tougher year to forecast. In fact, I think it would be pretty easy to make either a bullish or bearish case for the stock market over the coming 12 months.
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White papersGlobal Investment Views - February 2019
After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.
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White papersData infrastructure: an infrastructure or private equity play?
As the lines between infrastructure and private equity become increasingly blurred, the question of categorization - while topical - becomes more trivial. A more relevant consideration is to understand the risks around the cashflows of data infrastructure assets to ensure that the returns are commensurate.
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White papersInvestment Perspectives For A New Regime Of Returns
After two years of positive performance across the board, with almost no asset class in negative territory, 2018 is marking a change of direction, with an unprecedented percentage of asset classes in red. This may cause a sense of uncertainty among investors facing uncharted waters ahead.
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White papersGlobal equities: identifying tomorrow’s ‘superstars’
After a bearish end to 2018, financial market participants are preoccupied with the question of whether a global downturn is imminent. Yet they should be asking a different question: have they accounted for the way that technology and other factors are transforming business models?
