All Global articles – Page 120
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White papersDistressed Debt: Despite Challenges, Opportunities Persist
Recent market and economic volatility may be the trigger that distressed debt investors have been waiting for, but capitalizing on opportunities will require a different playbook than those of past cycles.
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White papersShock and Awe
Does this week’s multitrillion-dollar shot in the arm vaccinate the economy against the worst impact of COVID-19?
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White papersOutlook special – Potential impact of COVID-19 on global infrastructure markets
Pinpoint economic forecasts are unrealistic; of most relevance to infrastructure investors is the likely sharp contraction in GDP growth (at least in the short term), lower oil prices and stress in the credit markets.
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White papersGlobal Equities: a disciplined approach to market uncertainty
From the impact of the coronavirus to their unique investing style, our Global Equities team explain how they are navigating the current market volatility.
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White papersCoronavirus: a pragmatic response to market panic
Fixed-income investors loathe uncertainty. But for them and societies worldwide, this is currently the defining characteristic of markets and daily life. How can they respond pragmatically to the pandemic?
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White papersOne month for the history books
Global equities (MSCI World) have lost 30% since the 19th of February, as the Chinese sanitary crisis morphed into a Global Covid Crisis (GCC). This is the fastest sell-off ever. The drawdown has cut $24 trillion from the global equity market capitalisation – more than the annual US GDP! Investors are scared and praying that the contagion of the coronavirus will slow. But for now the pandemic crisis is still worsening: in the 7 days to 19 March, the total numbers of cases, now 235k, has increased at an average 9% per day.
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White papersGold at the End of the Government’s Rainbow
Initial claims show the first impact on the U.S. labor market and are likely to increase, the second U.S. stimulus package is in the books and a third is on the way while the ECB announces a Pandemic Emergency Purchase Program.
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White papersQuarterly Economic Outlook: Keeping the Punch Bowl Filled
In his latest Economic Outlook, Senior Economic Adviser to the International business of Federated Hermes, Neil Williams, looks at the arguments for keeping the punch bowl of central-bank liquidity filled, and warns that we may only be half way through our current era of cheap money.
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White papersOutlook special – Potential impact of COVID-19 on global real estate markets
COVID-19 is a rapidly evolving scenario with varied impacts on real estate markets, depending on country, market and sector. The impact on property performance will depend heavily on the duration and spread of the virus, which is very uncertain. Occupier demand will be negatively affected, most significantly in retail, leisure and hotels, as movement is restricted and consumer confidence dented. Investment volumes to be lower as real estate market liquidity falls.
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White papersNovel coronavirus – Status of progression
The novel coronavirus (COVID-19) is continuing to spread across the world with an estimated 137,100 infections and almost 5,100 deaths as of March 13, 2020. The World Health Organization has officially designated it as a “pandemic” in order to mobilize maximum government resources globally. Apart from the human cost, global economic output is suffering with the IMF officially lowering its estimate for global growth to 2.6% for 2020, which is close to its stalling speed.
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White papersSharpe Thinking: managing coronavirus volatility
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 team ensuring that our strategies perform in the best interest of clients.
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White papersHigh Drama in High Yield
Coronavirus and the OPEC price war combine for a one-two punch to high yield markets.
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White papersDistressed Debt: Capturing Late-Cycle Value
Barings’ Stuart Mathieson and Bryan High discuss how recent macro events and credit market dynamics are impacting the outlook for distressed debt.
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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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