All Global articles – Page 120
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White papersTop Risk Map - February 2020
At the start of the 2020s, markets continued to be dominated by geopolitical issues, with short-lived Iran tensions at the forefront initially, followed by the news regarding a phase one trade deal between the US and China. Now, growth expectations are becoming the main driver of the market. That’s why the recent volatility due to the news about the spreading of the corona virus in China is higher than in the case of US-Iran tensions, as the epidemic could harm China (and global growth) if not contained soon (not our base case at the moment).
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White papersA pioneer of responsible investing
Since our first CEO openly challenged a major UK company to improve its governance, to our current leader Saker Nusseibeh being awarded a CBE for services to responsible business, the international business of Federated Hermes has been at the forefront of responsible investing.
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White papersFocal Point The Corona virus: What to expect?
The outbreak of the Corona virus (2019-nCoV) is spread-ing fears around the globe and rattling financial markets. Since it likely sprang over to humans in the city of Wuhan in central China in early December 2019, new infections have grown exponentially. By the time of writing, China re-ports 7,711 people infected and a death toll of 170.
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White papersThe Cruelest Month May Come Early This Year
The forecasts told us 2020 should be smooth and any turbulence wouldn’t come until later, if it came at all. Yet, we’re one month in and already risk is beginning to loom across three continents’ horizons.
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White papersSentiment Shift Fuels Lower-Rated Rally
Uncovering relative value across high yield in 2020 may require looking in less obvious places.
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White papersFocus On Fundamentals: Virus Volatility Provides Entry Points For EM Equities
The coronavirus has been the strongest driver behind the recent volatility in financial markets, providing the trigger for a break in the rally in risk assets, which had been running uninterrupted since October.We should be aware that the trough for markets could be well in advance of the peak of the epidemic, as markets tend to overreact at the beginning of a crisis and then stabilise and rebound, despite the continuation of the negative news flow.
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White papersSecure income and green infrastructure: an unlikely marriage?
How to source stable, long-term cashflows with a strong ESG focus
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White papersSetting the standard for sustainable agriculture
Businesses, governments, and people from all walks of life are increasingly recognizing sustainable and responsible business practices as crucial to confronting some of the world’s most pressing economic, social, and environmental challenges.
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White papersBuilding a sustainable real estate portfolio
Buildings account for 36 per cent of global energy use through their construction and operation. They are also responsible for nearly 40 per cent of energy-related carbon dioxide emissions1
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White papersRisk-on, Risk-off & Repeat
Sentiment continues to swing back and forth in the collateralized loan obligation (CLO) market, but bifurcation remains the constant.
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White papersRates, Rallies & Risks
Investment grade credit markets posted a banner year in 2019; can the good times continue to roll?
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White papersAmplified: the future of finance is female
In this episode of Amplified, Aoifinn Devitt, Head of Investment of Hermes Fund Managers Ireland Limited, is joined by Steve Chiavarone, a portfolio manager and equity strategist at Federated Global Investment Management and Louise Dudley, Portfolio Manager, Global Equities at Hermes Investment Management, to discuss research carried out by Chiavarone in his paper ‘Respect – The Ascendancy of Millennials and How the Future of Finance is more female’.
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White papersStable Growth, Policy in Transition - Fixed Income Investment Outlook 1Q 2020
With a stable economy likely to provide a positive environment for credit this year, shifts in monetary policy could contribute to more frequent volatility in fixed income markets, while political developments will be an ongoing risk.
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White papersThink global: which markets have the highest risk of retail disruption?
Retail sales are migrating online and away from physical stores, damaging the investment returns of retail property. The process is underway in all developed retail markets, but the pace of migration is uneven.
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White papersFiat Money Vs. Cryptocurrencies / Private Vs. Public Digital Currencies…
The first part of this study analysed the competition between USD, RMB and EURO and presented the challenges for China and Europe to develop a genuine international currencies, having the capacity to compete with the USD. However, currency competition goes well beyond the “simple” competition between sovereign currencies (USD, EUR, RMB, JPY, CHF…).
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White papersFX wars vs. Currency Wars USD vs. EUR vs. RMB vs. …
The USD is by far the most important international currency, although declining in recent years, especially as regard central banks’ FX reserves. New currencies have emerged (of which the RMB), central banks diversify their portfolios (especially in Asia), while some “old” currencies gain ground (the JPY and gold, to some extent). Moreover, even if two contenders exist at present (the euro and the RMB), the USD is the only currency to be considered as an international currency as regard all its characteristics: reserve currency, invoicing currency, vehicle currency, reference currency …
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Asset Manager NewsPATRIZIA posts strong transaction growth with EUR 8bn+ signed in 2019
PATRIZIA AG, the global partner for pan-European real estate investment, has signed over EUR 8bn in transactions in 2019, of which more than two-thirds were purely acquisitions and a majority were sourced outside of Germany, the country where the company has its global headquarters.
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White papersStrategic Relative Value – Q1 2020
Persistent central bank liquidity and easing geopolitical tensions should support a continued rally in risk assets this year. However, the significant disconnect between elevated valuations and only modest economic growth means risk assets are vulnerable to a deterioration in sentiment so investors should also maintain some defensive positioning.
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White papersThe Green Swan: Central Banking And Financial Stability In The Age Of Climate Change
Climate change poses new challenges to central banks, regulators and supervisors. This book reviews ways of addressing these new risks within central banks’ financial stability mandate. However, integrating climate-related risk analysis into financial stability monitoring is particularly challenging because of the radical uncertainty associated with a physical, social and economic phenomenon that is constantly changing and involves complex dynamics and chain reactions.
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White papersGoing Viral: The Coronavirus or a Central Bank Holding Pattern?
Wuhan goes on lockdown while the U.S. shifts trade truce considerations to Europe. Meanwhile, Central banks remain optimistic for strengthening global growth, and we’re vigilant for potential insurance cuts from the BoE next week.
