All Global articles – Page 125
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White papersWe can all get along (part II) How bondholders can engage companies for the benefit of all stakeholders
This is the second part of a two-part paper asserting that the shared interests of bondholders and shareholders provide incentives to jointly engage companies – and generate positive outcomes by doing so. In part one, we disproved the claim that the imperatives of bond and shareholders typically diverge and argued that both financial stakeholders have the legitimacy to engage. In this paper, we explain how bondholders can play their part in promoting the interests of all financial stakeholders.
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White papersReal Estate Summary Edition 2, 2019 - Tenant demand healthy while investment activity slips.
The economy held up better than expected in the first quarter of 2019, while some major central banks have turned dovish. Delayed policy tightening is supportive of real estate and investment activity was weaker across all regions with cap rates levelling off. We think occupier and investor markets look more resilient to any shock from the economy than they were prior to the global financial crisis.
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White papers
Nuveen knows: why engagement matters
As global investors, we believe that responsible investing business practices lower risk, improve financial performance and drive positive social and environmental outcomes, providing enduring benefits to our clients and communities.
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White papersResponsible Investment Quarterly Q4 2018
Cloud computing, machine learning and the potential of the, as yet, relatively untapped field of data science have been rapidly rising up the agenda of the investment world. In an industry that is undergoing seismic changes, the capabilities, reach and efficiencies that data science innovation offers have potential to play an important role
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White papersTwo quarters of turbulence: what the pre-Christmas plunge and new year rebound say about markets
World equity indices plunged during Q4 last year before staging a powerful recovery, regaining virtually all the ground they had lost. This extraordinary turn of events may look irrational, but it tells a coherent story about the fragility of investor confidence as we navigate the end of this economic cycle and approach the US elections in 2020
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White papersGlobal fixed income: it’s time for investors to stay watchful and nimble
In the space of just 12 months, markets have switched from expecting interest rate rises to expecting interest rate falls. Broadly speaking, this means 2019 should be a good year for fixed income. But investors are treading a fine line and need to differentiate between fixed income strategies.
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White papersThe Future Of Food: Eat Or Be Eaten
The impact of the food value chain to both the global economy and financial markets is huge But food systems face multiple challenges, from climate change to population growth and unsustainable practices There are investable opportunities with solutions to enhance the sustainability and health of our food systems, and ...
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White papersVideo: Reflecting on six years of Multi-Strategy Credit
As the strategy hits a key milestone in June, Fraser Lundie, Head of Hermes Credit, looks back on how Multi-Strategy Credit has fared in challenging markets since inception.
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White papers
Alternative Risk Premia: Why Diversify Beyond Style?
In the world of alternative risk premia, style premia have dominated. But they do have limitations. Investors should consider using a wider variety of strategies.
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White papersHow will the world respond to the next economic crisis?
The longest US economic expansion on record spanned a decade from March 1991 to March 2001. With the country’s current period of sustained growth poised to surpass this 10-year record in July, we examine the possible response to the next crisis.
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White papersAn introduction to securitisation: a diverse opportunity set offering attractive excess return potential
Securitisation can be seen as highly technical, niche and (post-2008) perceived as risky, but its highly diverse range of opportunities can bring significant benefits to a portfolio.
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White papersTrawling for trash: why we are engaging for sustainable oceans
Every year, more than 8m tonnes of plastic ends up in oceans. According to some estimates, there will be more plastic than fish (by weight) in the sea by 2050. Careful management of this precious environmental resource is therefore a key feature of a sustainable future - and it is aligned to SDG14, Life Below Water.
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White papers
Is There Style Drift in Middle Market Lending?
Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading.
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White papersGlobal Equity ESG marks six-year anniversary
Six years ago, we launched our Global Equity ESG strategy. The aim was simple: achieve capital appreciation by investing in global equity securities with favourable ESG credentials. Today, we assess how it has achieved this objective since inception.
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White papersSDG Taxonomy
We believe that companies which contribute to achieving the Sustainable Development Goals (SDGs) are capable of creating positive social and environmental impacts – and are also exposed to the drivers of future growth. We created the Hermes SDG Taxonomy to find investment opportunities directly connected to the goals by identifying impactful businesses poised to be the growth champions of tomorrow.
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White papersRobustness, Flexibility and Opportunism in Late-Cycle Investing
When the market starts to anticipate the next downturn, in our view it does not necessarily pay to beat the rush by adopting an underweight in risk assets. While the late stage of the cycle is a time of corporate balance-sheet deterioration, that buildup of leverage can propel a final burst of earnings expansion.
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White papersThe five practical issues of incorporating ESG into multi-asset portfolios
We discuss the five practical issues asset owners need to address when implementing a sustainability budget for environmental, social and governance (ESG) considerations in multi-asset portfolios.
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White papersSink or swim: buoy portfolio returns with illiquid assets
With public equity markets trading close to all-time highs and low yields available from bonds, interest in private assets like infrastructure and private equity has risen.
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White papersInvesting for Impact: Our Take
In early 2019, Stephanie Braming, CFA, partner, global head of William Blair Investment Management, participated in The Economist’s Investing for Impact conference in New York City. We later sat down with her to discuss sustainability, environmental, social, and governance (ESG) factors, and the changing demands of the industry.
