All Global articles – Page 123
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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 papersIn search of a free lunch
Correlations between groups of assets and within individual asset classes have changed in unexpected ways thanks to a decade of easy monetary policy. Our portfolio managers tell us what impact this has had on the way they manage money.
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White papersContinued Support For Asset Returns
Our capital market expectations (CME) are designed to provide annualized return expectation over a longer-term horizon, typically viewed as being five to 10 years.
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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 papersHow Institutional Investors Embrace Responsible Investing
Responsible investing has gathered enough momentum to reach the mainstream. What is less clear is how advanced global institutional investors are in the process of integrating ESG principles into their investment decisions.
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White papersSustainable investing is here to stay
Sustainable investing was once viewed as a trade-off between value and ‘values’. Yet today, it’s something investors can no longer afford to ignore. What has changed? More granular data, more sophisticated analysis and shifting societal understanding of sustainability, as well as growing awareness that certain factors – often characterised as environmental, social and governance (ESG) – can be tied to a company’s long-term growth potential.
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White papersOne more step along the world we go, investing for a sustainable future
Baillie Gifford has undergone a gradual evolution in the incorporation of ESG matters into our investment process. We firmly believe there is no conflict between making money and achieving positive, sustainable change, despite the scale of the challenges ahead. A simple ruleof- thumb or negative screen are not in themselves viable solutions to addressing deeply embedded chronic problems on a global scale.
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White papersStay agile amid diverging scenarios
After enjoying stellar performance this year, investors will increasingly question whether the global economy will proceed towards a trade war-engineered recession moving into 2020, thereby ending the longest ever bull market. Or, if growth stabilizes at a low level, and potentially rebounds, the cycle could extend even further.
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White papersInvestors: the new guardians of the environment
In an opinion piece for the Thomson Reuters Foundation, Pictet Asset Management CEO Laurent Ramsey says investors are uniquely placed to change the world for the better, if they use the right tools.
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White papersNovember Macro Dashboard
Global leading indicators edged higher in October; but remain in contraction territory. And while global central banks continue to maintain an accommodative monetary policy stance as downside risks to growth persist.
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White papersCLOs: Triple C's and Market Unease
Taryn Leonard and Melissa Ricco, Co-Heads of Barings’ Structured Credit Investment Team, discuss the recent loan market weakness, and how technical pressures are creating value opportunities in the CLO market.
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White papersInequality: the tension between growth and social justice in emerging markets
From Europe to North America and across Asia, income inequality is rising – with emerging markets generating the world’s most extreme levels.
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White papersHeadwinds in Global Growth Outlook, but a Smooth Landing Expected
Global growth outlooks are the weakest since the recession and the U.S.-China trade deal may be delayed through the new year. Meanwhile the FOMC is likely to remain on hold in December.
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White papers
2020 Investment Outlook - Be Agile To Cope With Diverging Scenarios
After enjoying stellar performance this year, moving into 2020, investors will increasingly ask whether the global economy will proceed towards a trade war-engineered recession or whether growth will stabilise at a low level and potentially rebound, meaning the cycle could extend even further. In our view, the retreat in global trade is causing a major change in the structure of growth, but does not point to a full-blown recession, especially at a time when cumulative loose policies are gearing up and a partial deal between the US and China is in sight. Monetary and fiscal policy combination, a prominent theme going forward, may extend the current cycle further. While the noise on trade-related issues will be high, a material escalation is unlikely given the upcoming US elections in 2020. However, the path for investors will not be linear. In the short term, market expectations for policy actions have gone too far and need to be adjusted.
