All Global articles – Page 118
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White papersThe credit-market breakup: it’s not V, it’s U
What should fixed-income investors read into the recent moves in markets and how should they respond in the near, medium and longer term? In an atmosphere of uncertainty, we consider how a bias towards higher-quality credit and a flexible approach to protecting against the downside can help investors weather any further turbulence.
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White papersUpdate on Global Non-Investment Grade Credit Markets
We unpack the short-term and long-term, transitory and permanent impacts of recent news on the high yield and loan markets.d markets.
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White papersReal Assets House View
No one ever said predicting the future was easy, but this report represents our best collective judgement on the current and future investment themes we believe will shape the real assets market.
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White papersCOVID-19 contagion, the latest updates
The Coronavirus crisis continues to unravel, with investors worrying about the economic impact, on top of the human cost. In the week to 8 March the number of cases increased by 723 in China and more than 18,000 in the rest of the world (RoW). While still rising, the number of cases in China is flattening out.
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White papersPrepare for the Long Haul
Why the major uncertainties twisting markets out of shape today are likely to persist for months.
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White papersHow Will the Coronavirus Impact World Economies?
The coronavirus is dominating the news and sparking panic in markets. We believe the options for policymakers are clear—but will they implement them?
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White papersMarket Perspectives - Viral uncertainties March 2020
The Covid-19 virus is turning from a regional health crisis to a global issue; uncertainties about the global economic impact have been rising sharply. After weeks of resilience, equity markets have sold off in late February, catching up with the safe-haven rally in core bonds seen earlier.
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White papersUS Equity Valuations Rebooted by Coronavirus
After recent sharp declines, US stock valuations look more attractive, especially compared with bonds. While the current volatility is unsettling, heightened uncertainty over earnings because of the coronavirus crisis could create opportunities for long-term investors who distinguish between winners and losers from the shock.
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White papersCoronavirus Emergency: Fed Cuts Rates, But Markets Expect More
In the first intra-meeting ease since the 2008 crisis, the Fed delivered a 50 basis-point rate cut. Market volatility and liquidity concerns have likely been the trigger for the emergency cut. The market reaction has been a sell-off in equities, while the 10-year Treasury yield touched new lows, as the Fed move is perceived as not being enough to offset recent deterioration in financial conditions due to the market reaction to the coronavirus outbreak. Markets still expect more.
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White papersGlobal Investment Views - March 2020
The spread of Covid-19 outside China has rattled risk assets in the recent trading sessions. Investors triggered some profit taking in markets, which reached historical highs and even broke psychological thresholds in previous weeks. The atmosphere of fear has remained consistently high only in the so-called safe assets — the USD, UST and gold — signaling that investors have been looking for effective hedging strategies.
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White papersSDG Engagement Equity: 2019 Annual Report
Launched in January 2018, the Hermes SDG Engagement Equity Fund has the dual purpose of delivering attractive returns and measurable real-world impact.
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White papersAn investor guide to spotting “greenwashers”
Increasing corporate action to address climate change was a major positive of 2019. But distinguishing real “low carbon leaders” from “greenwashers” takes skill.
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White papersBlog: Measurement and reporting are critical to sustainable investing
One of the key challenges facing the sustainable investment industry is to be able to report reliably and meaningfully to investors on the environmental, social and governance (ESG) aspects of investment portfolios, explains Jane Ambachtsheer, global head of sustainability at BNP Paribas Asset Management, in this video.
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White papersPricing ESG risk in sovereign credit: an emerging divergence
In 2019, we partnered with research house Beyond Ratings to demonstrate a robust relationship between environmental, social and governance (ESG) scores and sovereign credit-default swap (CDS) spreads. In the second instalment of this two-part paper, we consider whether the results differ for developed and emerging markets.
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White papersCoronavirus: A Moving Target
If you haven’t reduced risk, it’s probably not too late to do so; if you are already conservatively positioned, it may be too early to buy the dips.
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White papersGrasping The Intangible - How Intangible Assets Reveal Latent Value
It has long been accepted practice to account for intangible assets (“intangibles”) when valuing companies. Over time, and given changes in the economy, this has increased in importance. But valuation methods vary and there are big differences in how investors approach the subject. There is also great debate on the adequacy of existing accounting methods for successfully valuing intangibles. Accounting standards developed during the industrial era were designed for companies primarily engaged in manufacturing.
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White papersGlobal Sustainable Outcomes - News & Views Q4 2019
In 2015 the UN set 17 global sustainable development goals and 169 targets to encourage corporate and government action in areas of critical importance to humanity and the environment. These targets were all set for 2030, meaning this new decade is crucial in achieving our ambitions for a better planet for all.
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White papersDisciplined approach pays off in exciting emerging markets
It’s been a relatively volatile 12 months, but the work we did in 2018 really paid off last year, and we are quietly confident about an asset class that suits our style of active management
