All Europe articles
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White papersWhy small is beautiful
While mega caps have consumed much of investors’ attention in recent years creating extreme levels of market concentration, great things have been happening ‘behind the scenes’ at some of Europe’s lesser-known corporates. We’re discovering overlooked small-cap gems that offer both attractive portfolio diversification benefits and the potential for double-digit returns.
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White papersTop 10 with… Interview with our experts on life sciences
With a strong long-term growth potential and a distinct social angle, the life sciences sector is developing at a fast pace. Forward-thinking investors are looking for ways to enter this growing niche sector. But access is selective, and industry expertise isn’t enough to be successful. What does it take?
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White papersEuropean Sale-Leaseback: A Timely, Strategic Opportunity in Europe
This paper, the third in our series, explores why European Sale and Leaseback (SLB) investments are especially compelling at this point in the economic cycle. With appealing day-one income yields, a strong deal pipeline, and a favourable macroeconomic environment, we believe European SLBs offer an attractive opportunity for investors.
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White papersInvesting in the future: The power of microfinance
Private credit can be a powerful tool in promoting economic growth and fostering prosperity in the world, while providing investors with income potential over a fixed term. Set up in 2005, the European Fund for Southeast Europe (EFSE), seeks to make a positive impact on society by providing finance to underserved geographies. The fund helps support businesses and individuals on revenue generation, improving living conditions, and creating employment.
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White papersFinancing Europe’s push for energy security
Federated Hermes was part of a lending consortium involved in a more than US$1bn loan facility signed with a European oil and gas group to finance drilling in Danish waters.
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White papersStewardship case study: AstraZeneca
EOS identified robust succession planning for both the CEO and the chair as integral to the achievement of a long-term strategy.
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White papersEmerging Divergence
While central banks are all cutting, rate trajectories for the US, Europe and the UK seem contrary to underlying economic conditions. Correlations are high between Treasuries and European government bonds, but intra-European opportunities are emerging.
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White papersEuropean high yield: default rate coming down
Our par-weighted default rate forecast for European High Yield (EHY) is 3.8% for the forward 12-month period and 7.2% for the forward 24-month period. Excluding hybrid issuers, the default rate increases to 4.5% over 12 months and 8.5% over 24 months. This compares to a LTM (last 12 months) default rate for Europe, to April 2024, of 4.1%1, and a recent peak through the Covid-19 pandemic of 6.9%.
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BlogThe ECB Cuts as all Indicators Point Down
The ECB’s Governing Council remained true to its mantra of “data dependence” at its October policy meeting, choosing to cut the main policy rate by 25 bps to 3.25%.
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Asset Manager News2024 GRESB Results Show Hines’ Leadership in Sustainability Globally
Four Flagship Funds, One Separate Account and Three Direct Investments Earn the Highest Rating of Five Out of Five Stars. Five out of five European discretionary funds recognized as global sector leaders.
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White papersEuropean utilities: prepared for the spending storm
Despite huge growth in demand, costs squeezes and supply constraints around raw materials and capacity are limiting expected returns in renewables development
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White papersGeopolitics and life sciences real estate: The impact on supply chains and the role in creating investment opportunities
Earlier this summer, we made the case that the real estate assets meeting the needs of the life sciences industry in Europe had the potential to deliver attractive risk-adjusted returns to investors.
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White papersA local approach to European private debt
European private debt is a diverse and growing market. Local expertise is essential to making the most of the opportunities on offer, particularly in the often overlooked lower-mid-market segment.
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White papersReal Estate Perspectives
Has Alternative Real Estate Become The New Core Real Estate? We’ve been through a series of repeated crises over the past four years. The unprecedented market context has reshuffled the cards between asset classes, and alternative real estate has emerged on the back of favourable fundamentals.
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White papersCross Asset Investment Strategy - October 2024
Topic of the Month - Draghi’s report: a call to action for Europe’s competitiveness
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White papersEuropean Residential: Unlocking the housing potential
Over the last decade, the European residential market has undergone a profound transformation. Housing demand has consistently outstripped supply in most geographies, resulting in widespread affordability and availability problems.
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White papersDraghi’s report: a call to action for Europe’s competitiveness
Draghi’s report on Europe’s declining competitiveness offers a comprehensive analysis, but many of its findings are not new. Yet, Draghi’s stature may lend urgency to these recommendations. Those requiring EU funding or treaty changes are likely to encounter substantial political resistance. The report provides a clear direction of travel and some of the reforms that do not require new funding (e.g., regulatory changes) could move the dial sooner.
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White papersSlow-speed crash? Problems for the European auto sector pile up
Healthy cash balances built up over the past three years will be tested as firms attempt to weather the four-pronged oncoming storm of labour relations, EV uptake, emissions regulations and China
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White papersEuropean Hotel Sector: Sustainability is a competitive necessity
Once a competitive advantage, sustainability is now imperative in the European hotel sector. Investors and operators both have responsibilities to be good stewards of the environment and of the communities in which they operate.
