All Global articles – Page 2
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White papers
H1 2025 Alternative credit insights: Sourcing new pathways
Alternative credit is not a new phenomenon, however, up until the 2008 Global Financial Crisis (GFC), it was largely overlooked by investors. The crash was a catalyst for the market. Banks froze traditional lending options and limited those capabilities due to tighter regulations shortly after. Borrowers had to look elsewhere for financing, opening up the world of alternative credit.
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Illiquidity premia in private debt: Q4 2024
In our latest private markets deep dive, our research team crunches the data to see how evolving macroeconomic conditions are reflected in private debt returns.
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Beyond Consensus: Economic Perspectives for 2025
As we begin 2025, our team of economists in the Capital Strategy Research (CSR) team highlight areas where their outlook is different from consensus.
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Navigating the Tides of Political Transition
As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.
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Investing in Biodiversity
Markets to finance the protection, restoration and sustainable management of nature offer natural capital investors opportunities to improve biodiversity and generate a positive financial return.
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Brightening Capex: A Value Tailwind?
Global industrial activity appears to be gathering steam, potentially spurring capital expenditures, which could favor value stocks and small caps.
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Thematic Engagement: 2024 Scope 3 Emissions
Scope 3 emissions are becoming increasingly important as issuers face growing pressure to report and reduce these emissions. In our latest report, we examine how issuers across public fixed-income and private credit sectors are tackling Scope 3 data challenges and setting decarbonization targets.
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Fixed Income Outlook – Come what may
Once gain the US bond market will lead global fixed income markets in 2025, with a strong US economy but uncertainty over the new administration’s policies setting the tone. We expect the US economy, over time, to pivot towards structurally slower growth and stickier core inflation. This more ‘stagflationary’ trajectory may result in the Federal Reserve taking a more cautious approach towards further rate cuts.
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White papers
Outlook 2025 - Plan for growth, prepare for volatility
2025 is shaping up to be another good year for investor returns, with healthy global GDP growth likely to support earnings, and falling interest rates putting mild upward pressure on valuation multiples. Explore our key macroeconomic views and the asset class implications across infrastructure, real estate, equities, and credit markets for the year ahead.
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Opening Bell 2025: Will US equities continue to lead the way?
More questions than answers, but US economy’s strength is reassuring.
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Optimizing for net zero and nature positive outcomes
Net zero and nature positive investing may seem aligned in their goals, yet our analysis reveals that certain net zero investment strategies could inadvertently embed nature risks. Our latest research also highlights the approaches investors can take for nature positive investing.
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Tail risks to watch
We see geopolitical risks persisting as a base-case scenario for 2025. Below we share the main upside and downside risks to our base case that investors should take into consideration.
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Podcast
Outerblue Convictions – Global Investment Views – Goldilocks ahead of new Trump presidency
2025 got off to a dramatic start with an unexpected jump in bond yields. What has been driving this move and do we expect it to continue? Swaha Pattanaik and Monica Defend, Head of Amundi Investment Institute, explain what’s been happening in the US and UK and explore what these mean for our growth and interest rate forecasts.
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What could the new cycle hold for real estate debt investors?
Real estate debt is attracting increasing attention from investors globally, as well as new market entrants, with the potential for equity-like returns for credit investing like never seen before. As we move into a new cycle, we look at the opportunities for non-bank lenders.
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Inflation in focus ahead of Trump’s inauguration
“In the Trump 2.0 administration, the fiscal outlook and inflation expectations will be the main market themes to watch.”
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Fixed Income Perspectives Q1 2025
The fourth quarter ended with higher bond yields as the market reduced its expectations for future rate cuts from the Federal Reserve (Fed).
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A racing certainty – can big tech beat the odds again?
My Grandad was into horse racing, it was his passion. If you named a horse, he could tell you who its sire and dam were and when he bet it was always “on the nose”. There were no ‘each way’ bets for him! As a youngster I didn’t understand how the same horse didn’t win all the time – surely if it was the fastest once then it would nearly always be the fastest. That was when he explained the handicap system to me – every time a horse won it would carry a heavier weight in its next race. This is what made it interesting, uncertain, unpredictable and his passion in life.
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2025 Global Public Real Estate Outlook Report
Global REITs began 2024 on a cautious note, as the market grappled with higher rates and higher inflation, causing central banks to delay easing monetary policy.
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How to make sense of Emerging Market Debt in a global portfolio
Despite potential short-term volatility stemming from geopolitical events, we believe the current environment presents one of the most favorable opportunities for EMD in the past decade.