All Europe articles – Page 54
-
White papersInfrastructure debt’s resilience is in its DNA
Infrastructure debt is not immune to a severe economic downturn, but the global financial crisis has left the asset class stronger. We explain why.
-
White papers2020 versus 2008: What’s changed for European infrastructure debt?
Infrastructure debt is not immune to a severe economic downturn, but the global financial crisis has left the asset class stronger. We explain why.
-
White papersCovid-19 update: European high yield market moves
March was a rollercoaster ride for European high yield investors. The market had fallen 20% by the middle of the month, and had recovered to be down 15% since the start of the year as of 5 April.
-
White papersCOVID-19: The impact on European real estate
As the spread of COVID-19 and government response continue to evolve, we analyse recent developments and how they could affect European real estate.
-
White papersCovid-19 and European asset-backed securities
Stress testing demonstrates resilience of asset class
-
White papersThe impact of COVID-19 on UK infrastructure
As well as its profound human impact, COVID-19 is having a marked effect on asset prices and transaction activity in all areas of financial markets. But beyond the short-term uncertainty, UK infrastructure stakeholders are looking for clues as to how the crisis could influence the market’s longer-term prospects.
-
White papersReal Estate House View - Europe
While currently gastronomy is claimed to be the solution for vacant retail space (although at lower rents due to lower margins!) the food delivery business will become a space disruptor in the near future. While companies like Uber Eats, Deliveroo and takeaway.com are already visible in public, popular new formats such as shadow kitchens or home delivery of groceries are on the rise.
-
White papersThe Coronavirus Pandemic: Impact on the European renewable energy market
Coronavirus disease 2019 (COVID-19) is an infectious disease, which was first identified in December 2019 in Wuhan, the capital of China’s Hubei province, and has since spread globally, resulting in the ongoing 2019–20 coronavirus pandemic.
-
White papersA test of character for Europe
The contagion of the corona virus continues, but at a slower pace. In the first days of April the total number of recorded cases, now well over one million globally, was rising by about 8.5% a day, vs. 12% around 25 March.
-
White papersMacroeconomic Picture - April 2020
Heading towards a sharp contraction in H1; H2 recovery shaped by the duration of the crisis and by the effectiveness of the unprecedented policy response, once the post-containment normalization phase starts.While a state of emergency has been declared by the President, almost all states are implementing emergency measures with various degrees of severity, from preventing gatherings to statewide quarantines.
-
White papersThematics Views - The Eurozone’s Quantum Leap: On The Road To Debt Mutualisation
The Eurozone’s architecture does not allow it to contain all the risks arising from the current shock. Recourse to an European Stability Mechanism (ESM) credit line without strong conditionality is a de facto first step towards debt mutualisation. Looking ahead, this could pave the way to a European budget and a common debt.
-
White papersLocation, location, location: why Geospatial Data Science matters for investors
We look at how geospatial data science is helping investors find new ways of looking at the world and make better investment decisions.
-
White papersEuro Investment Grade Credit Reacts To The ECB’s Bazooka: Selective Opportunities
Covid-19 is expected to severely damage the European economy in the coming quarters. The answer at the European level to this disruption has been strong on the monetary policy side, with the implementation of the temporary Pandemic Emergency Purchase Programme of €750bn and targeted longer-term refinancing operations, and at the single country level, with targeted fiscal measures.
-
White papersCovid-19 impact: European asset-backed securities
Trade opportunities emerge from price dislocations
-
White papersCoronavirus market volatility: performance update
Markets are very weak and volatile, as you would expect with such uncertainty around the Covid- 19 outbreak. Some days the moves are indiscriminate and everything plunges to a broadly similar degree, on other days our higher quality names are outperforming. As markets have slumped, and governments and central banks have tried to make sense of what is going on, our portfolios have so far coped very well. Companies that are operationally impacted – restaurants, airlines etc – are seeing severe weakness.
-
White papersSpotlight on leveraged loans - European loan market update
Loan prices have fallen sharply in a way not seen since the global financial crisis (GFC) with the European leveraged loan index down c.17.5% in the month to date to 25 March close. This is highly unusual. The European loan market has been fairly resilient in the face of various bouts of volatility over the past 10 years (in 2011, 2016, 2018, for example), owing to its institutional investor base.
-
White papersUK equities: yield and dividend outlook
Against a backdrop of the pandemic-induced demand shock across multiple sectors and swathes of the workforce consequently facing lay-offs and pay cuts, we are supportive of management teams who act decisively in the interests of all their stakeholders, and also give their businesses the best chance to participate in the recovery when normal service resumes.
-
White papersSharpe Thinking: seeking quality assets amid the market sell-off
What’s moving the investment landscape? In these turbulent markets, we bring you views from our portfolio managers, analysts and economists, delivered by our Investment Office – an independent body ensuring that our investment teams perform in the best interest of clients.
-
White papersEconomic and Property Overview: Q4 2019
The UK economy flatlined in the final quarter of 2019 as declines in manufacturing sector output offset positive growth from the construction and services sector. Relative to the same quarter a year ago, economic output grew by 1.1%, which represents the weakest annual growth rate since mid-2012. However, a post election bounce back in business confidence should provide some upside to economic activity in the first half of 2020. The composite score on the IHS Markit/CIPS UK purchasing managers index (PMI) climbed to 53.3 in January from 49.3 in December.
-
White papersCorporate Hybrid Bonds for Insurance Investors
To overcome the low-yield problem, European insurers are eager to identify assets that offer the right balance between quality and return.
