All Global articles – Page 128
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White papersA New Cold War?
U.S.-China relations have been tested over the course of the pandemic. There are rising concerns that a potential decoupling of the two countries could usher in a new cold war, which may bring negative impacts to the overall global economy. How might this affect China?
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White papersSDG Engagement Equity commentary: Huhtamaki
The SDG Engagement Equity strategy focuses on attractive companies with the potential – through engagement aligned with the Sustainable Development Goals (SDGs) – to generate outcomes that benefit people, the planet and investors. Here we demonstrate how we are engaging with current holding Huhtamaki to create positive impacts on society.
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White papersMarket weekly – Do you have the equity protection you need? (podcast)
Equity bull markets run out of steam eventually, plunging investors into periods of volatility. The end of the rally that ran from 2009 to 2019 is no exception. Institutional investors are now negotiating choppy waters with instable markets, a health crisis and a global recession. They face the challenge of investing in equities to achieve their return objectives while respecting risk constraints and managing downside risk from the bouts of volatility that regularly affect markets.
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White papersCobalt mining in the DRC – reflections from the ground
Dangerous working conditions and human rights violations are among the risks faced by cobalt miners in the Democratic Republic of the Congo (DRC). Late last year, engager Marcus Wilert joined an OECD delegation to the DRC to see the conditions first-hand. Here he reflects on some of the challenges.
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White papersAssessing Climate Risk in Portfolios: Expert Roundtable
With climate change, portfolio managers face a new type of variable with diverse effects on economies, industries and companies. AB investors and experts from Columbia University and Willis Towers Watson weigh in on how to address climate change in the investment process.
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White papersScience and Investing: Addressing the Climate Imperative
Tackling climate change will require enormous amounts of capital—invested smartly. Climate scientists and investors can learn from each other, an idea driving collaboration among Columbia University climate experts and AB investment professionals.
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White papersWhy Investors Need to Calibrate Climate Risk Now
The global climate is enormously complex, challenging investors to determine ground-level impacts on individual issuers. With climate change likely to accelerate, it’s time to ramp up analysis now—and not let the perfect be the enemy of the good.
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White papersPast Performance is Not a Guarantee of Future Results
When the world is changing so rapidly and profoundly, how can we trust the underlying data used in our investment models?
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White papersWhy June May Be The Most Important Month Of The Year
We’ll have a substantially better picture of how quickly global demand may recover.
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White papersTrajectory Monitoring in Portfolio Management and Issuer Intentionality Scoring
2°C alignment has become a major issue for climate-aware portfolio management. There are sophisticated initiatives aiming to predict corporate emission intensities from 2030 up to 2100.
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White papersGlobal Real Estate: Cyclical & Structural Impacts of COVID-19
As investors navigate global real estate markets in the months and years ahead, understanding the interplay between near-term cyclical weakness and long-term structural trends will be key
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White papersMay Macro Dashboard
While supply is coming back, the demand recovery remains unclear. The damage in Europe is showing up larger than expected a month ago, but high frequency data showed some signs of improvement in May. China’s economy is on the road to recovery, though the path differs by sector.
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White papersEM Short-dated Debt: A Diamond in the Rough?
COVID-19 and lower oil prices have led to indiscriminate selling across EM corporate debt, creating a potentially compelling opportunity in the shorter-dated, higher-yielding segment of the market.
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White papersCoronavirus – Weekly update – 27 May 2020
Exits from lockdown proceed with no major upsets / Stock markets remain cautiously positive / For now the ‘wall of money’ from central banks has quashed volatility.
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White papersIn the wake of first-quarter reporting season, the consensus is probably still too optimistic
At -12% for the S&P 500 in the US and -35% for the Stoxx 600 in Europe, first-quarter results were hit hard by the pandemic, even though it had hardly begun by the end of the quarter. It is therefore a safe bet that results will be even worse in the second quarter but also that they will bottom out for the year. Even so, the consensus still looks far off the mark for both second-quarter results and for 2020-2021. Consequently, the positive impact from reopening the economy already appears to be priced in by far.
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White papersMarkets scenarios & risks – June 2020
We maintain the overall pandemic narrative confirming the probabilities, assigned to the base and alternative scenarios.
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White papersMacroeconomic picture – June 2020
The coronavirus crisis has pushed the U.S. economy into a sharp downturn, with severe disruptions of businesses and mass layoffs. Unemployment has surged into double-digit territory (14.7%); confidence on both the consumer and business sides has plummeted; and consumer inflation has started to reflect the consequences of the lockdowns, with headline CPI falling to 0.3% YoY (1.5% prior). The timing and profile of the recovery are still highly uncertain, but we expect GDP to contract between 4.5% and 6.5% YoY, with inflation remaining significantly subdued, with significant risks of moving into negative territory during the year
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White papersThematics Views – June 2020
As part of their toolkit to support the economic recovery during the Covid-19 crisis, central banks could implement yield-curve control. Although appealing, the implementation and exit risks of such a policy counterbalance the benefits, particularly in the Eurozone. Moreover, the impact on financial markets could be significant since chained risk-free assets could temporarily leave risky assets unsettled.
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White papersWhy a systematic fundamental analysis is key for Global Equities
As countries around the world plot their way tentatively through the coronavirus pandemic, we ask our Global Equities team: has their investment philosophy changed during the current crisis? And, when the dust settles, will sustainability be of greater importance to investors?
