All Global articles – Page 114
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White papersOutlook 2020: The Beauty of Symmetry
− Global growth is finding its feet, but a powerful upswing is not around the corner: risks such a Hard Brexit (still!) and the US elections are impediments to a meaningful capex recovery.
− 2019 was in many ways similar to 2016; but 2020 will not be a repeat of 2017. We expect equity gains to continue, but in a far more muted fashion.
− Central banks engineered a stunning risk rally in 2019; they will be less active in 2020. But nascent efforts to make inflation targets more symmetrical will remain a risk-friendly force. -
White papersOur convictions for emerging markets in 2020
GDP growth should be stronger across many emerging markets in 2020 as Anjeza Kadilli explains.
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White papersReal Estate Outlook - Global overview – Edition 4, 2019
Returns slowing but rate cuts supportive of sector
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White papersCore Matters: Where has inflation gone?
Over the past decades global inflation has been trending down. It averaged 8% yoy in the 1980s but stands at just 2.7% yoy in the current decade. Inflation is much lower in developed economies. Since 2011 it has hovered around 1.8% and 1.3% yoy in the US and euro area respectively, but only at about 0.3% yoy in Japan (excluding the sales tax hike in 2014).
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White papersDecember Macro Dashboard
The announced Phase One trade deal between the U.S. and China, as well as the Conservatives increasing their majority in the U.K. election, has tempered two of the biggest political risks hanging over the global economy. At least temporarily, sentiment is turning optimistic.
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White papersThematic equities: their use in a diversified portfolio
Investors can make an allocation to thematic equities whichever portfolio construction approach they use.
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White papersRaising the Bar – Impact Investing in a Changing World
Today we are witnessing an unprecedented wave of capital that seeks to make a difference for people and the planet. Investors, for their part, increasingly strive to generate both financial and social returns. Not that long ago, a $100 contribution to a microfinance fund was viewed as a philanthropic donation.
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White papersGlobal Emerging Markets: ESG Materiality, Q3 2019
Welcome to the Hermes Global Emerging Markets’ ESG Materiality commentary – a quarterly publication that demonstrates our engagement activity with portfolio companies and showcases holdings that are creating positive impact aligned to the Sustainable Development Goals. In addition, we explore an environmental, social and governance theme and its implications for the asset class.
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White papersThe Changing Investment Climate Around Climate Change
Investors need to pay attention regardless of the uncertainties (and the politics). The changing climate is already changing a lengthening list of prices, which is changing the climate for investments.
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White papersAI applications in financial services
In this paper, we examine the pros and cons of applying artificial intelligence (AI) in three areas of financial services: asset management, banking and insurance.
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White papersEquity Portfolio Construction: Filling the Gap Between Alpha and Beta
Separating equity alpha and beta is a good first step—but could investors be doing more in the space left between them?
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White papersGlobal economies in 2020 and beyond
Over the past decade, major economies have more than recouped the GDP lost during the financial crisis. Yet governments, companies and households have spent more time repairing their balance sheets than spending, while central banks have reverted to the tools that failed them in the past.
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White papersGrowth Near an Inflation Point, Trade Remains a Wild Card
Leading indicators appear to be bottoming out and pointing to economic healing but geopolitical tensions revolving around trade and international security continue to cloud the outlook.
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White papersTen Crises We Avoided This Year
It turns out that we are not entirely hostage to immutable economic cycles or raging political intrigue. Sometimes people make good decisions in spite of our expectations. Sometimes, to be honest, we are just plain lucky and the dice land well.
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White papersZombies stalk the bond markets
Writing in the Financial Times, senior investment manager Galia Velimukhametova explains why companies kept alive by low borrowing costs threaten to bring about a downturn.
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White papersA Bright Spot in Higher-Yielding EM Corporate Debt
Many EM regions have been engulfed in uncertainty for weeks or months. While these situations certainly represent risks, we also continue to find value—often in globally diversified companies that have been unfairly punished by markets because of where they’re domiciled.
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White papersA meeting of minds: fusing fundamental and systematic analyses
For decades, investment managers have been largely split into two groups: fundamental investors and quantitative investors. And so, it is not surprising that we are often asked to choose a side. But it’s not that simple: we use a unique style, marrying a systematic approach, which minimises behaviour biases, with a fundamental analysis.
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White papersInnovation for a healthier world
From big data to smart beds, technology is revolutionising our health, opening up attractive investment opportunities.
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White papersDeveloping Pan-European Investment And Distribution Capacities
Building on its strong fundraising capacities and its experience of real estate investment products for French retail clients, Amundi is now focusing on strengthening its offering for institutional investors and working on the pan-European distribution of a retail solution. These funds, which express the firm’s strongest convictions, are uniquely structured and distributed, as Jean-Marc Coly, Chief Executive Officer for Amundi Real Estate explains.
