All Global articles – Page 137
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White papersDisappearing Alpha & Hidden Beta—A Sleight of Hand
Comparing Option Strategy Indices and Hedge Fund Indices before and after the 2008 – 09 financial crisis reveals that what many investors thought was “alpha” was just an illusion.
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White papersCoronavirus concerns spark market sell off
Public and market fears have converged with countries outside China anxious that they may be approaching the same point as China was at the end of December - the preliminary stages of a devastating epidemic.
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White papersFlexible credit: the upside of downside protection
Flexibility always has a place, but its capacity to provide downside protection makes it particularly important given the advanced age of the credit cycle. In the fourth instalment of a five-part series, we explain why credit investors cannot afford to just rely on rates and diversification for protection. We also consider the robust suite of tools needed to preserve capital during market sell-offs and help protect our ability to take risk when opportunities are greatest.
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White papersGlobal high yield outlook: Be confident, but not complacent
Last year was a strong year for global bond markets, which were supported by the accommodative stance of the main central banks and strong investor demand. US, European and EM high yield (HY) bonds all returned more than 14% swapped into US dollars. The performance was led by the higher-quality segments of the market, such as BB-rated bonds, as well as the strong performance of CCC bonds in Europe. This was due to the search for yield across credit products, helped by positive risk sentiment.
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White papersFixed-income investing in unprecedented times
In a live recording from our Fixed Income Forum 2020, we assess the macroeconomic and market drivers for this asset class – and conclude that we are in unchartered territory.
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White papersChecking in on BBBs
Improved credit conditions are reflected in spreads, but volatility may create opportunities.
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White papersThe Circular Edition 1, 2020: keeping you in the sustainability loop
It’s a new year and a new opportunity to shine a light on sustainability. We’ve summed up our recent insights on environmental, social and governance (ESG) investing to bring you the latest edition of The Circular.
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White papersGlobal Emerging Markets: ESG Materiality, Q4 2019
Welcome to the Global Emerging Markets’ ESG Materiality commentary – a quarterly publication that demonstrates our engagement activity with portfolio companies and showcases holdings that are creating positive impact aligned to the Sustainable Development Goals. In addition, we explore an environmental, social and governance (ESG) theme and its implications for the asset class.
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White papersImpact Report, Q4 2019
How do we ensure a sustainable food supply for future generations? In our Q4 2019 report, we explore one of the biggest quandaries of our generation – finding solutions to build a sustainable food system that can feed a growing global population and safeguard the planet.
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White papersAmplified: Fixed income markets in the new decade
In this episode of Amplified, Eoin Murray, Head of Investment and Andrey Kuznetsov, Senior Credit Portfolio Manager, take a look at the new decade for fixed income markets.
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White papersA to Z of Responsible Investing across real assets
From affordable housing to zero deforestation, our A to Z of responsible investing practices can help create enduring benefits for clients and communities.
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White papersPrivate credit: Middle market opportunities to meet today’s challenges
Private credit has historically been an attractive investment.
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White papersNew institutional investor insights - 20/20 vision: a clearer path for growth
Diversification and selectivity will become ever more important in 2020 and beyond, especially as we think yields will remain low, returns will be tough to come by and volatility may rise. That means getting more exposure to more opportunities and more risks across asset classes, while remaining nimble.
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White papersRevisiting China’s Equity Markets as Coronavirus Spreads
Growing fears about the coronavirus have hit Chinese stocks. While markets will remain unstable until China gets the outbreak under control, equity investors should revisit lessons from previous epidemics and consider the potential longer-term effects of the current crisis.
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White papersGlobal Emerging Markets: 2020 country allocation review
Monetary easing and a pause in trade tensions helped global growth turn a corner at the start of this year. While the structural growth story for emerging markets remains intact, a potent mix of challenges remain – including the coronavirus, which should depress activity for the first half of this year. Here, we consider our 2020 country allocations for global emerging markets.
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White papersESG Investing In Corporate Bonds: Mind The Gap
This research is the companion study of three previous research projects conducted at Amundi that address the issue of socially responsible investing (SRI) in the stockmarket (Berg et al., 2014; Bennani et al., 2018a; Drei et al., 2019). The underlying idea of this new study is to explore the impact of ESG investing on asset pricing in the corporate bond market.
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White papersCoronavirus & The Next Global Financial Crisis
The actions, both real and perceived, taken by China’s government to contain the coronavirus should serve as an indication of how authorities there would (or wouldn’t) respond to a future financial crisis and contagion of a different kind in the global economy.
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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.
