All Global articles – Page 31
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White papersIs the long-term case for emerging market debt still intact?
2022 was a difficult year for fixed income in general, including emerging market debt, amid high inflation and aggressive rate hikes by central banks. While the global backdrop remains a headwind for emerging markets, relatively strong macroeconomic fundamentals in the major EM countries, combined with high starting yields and undervalued exchange rates within local currency debt should provide a buffer to any further volatility.
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White papersThe case for private markets: three things to know
In this uncertain market environment, investors struggle to enhance returns and reduce risk. Private markets — assets that are not traded on public exchanges, including debt, equity, real estate and real assets — may help achieve those goals. Investors should consider three important benefits as they evaluate allocating to private markets.
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White papersPrivate Placement Debt is an All-Weather Investment Strategy
The unique characteristics of private placement debt help position the asset class to perform well despite the potential for an economic slowdown or recession. Private placement debt is predominantly investment grade, comes with structural protections, and offers the potential for incremental income.
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White papersInternational Equities Present Mispriced Value
International equities offer historically cheap valuations relative to their own history and to U.S. equities today. This paper discusses why now may be an excellent time to consider allocations to this asset class.
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White papersPartnering is key to regulatory compliance in 2023
After a period of international coordination following the financial crisis, regulators are once again defining their own agendas and increasing the diversity of rules across markets. According to David Petiteville, Director of Regulatory Solutions, Product, partnering with financial industry stakeholders will be key to preparing for market changes and new rules this year.
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White papersDegrees of climate investing: decarbonisation on paper and in practice
Over the past years, sustainability considerations have permeated the investing space. While traditionally utilised for risk reduction, ESG investing has evolved to not only consider exclusion-based approaches but covers many different areas of sustainability and strategies to translate these into portfolio construction. As almost 90% of global emissions are covered under net zero targets, also a growing number of investors wish to specifically focus on climate in their investments.
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White papersInfrastructure in 2020’s
Orhan Sarayli, Head of North America for Barings’ Global Infrastructure Group, spoke with Institutional Real Estate, Inc.’s Real Assets Adviser about the increasing appeal of infrastructure debt investing given its resilience through economic cycles.
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PodcastOuterblue Convictions – Global Investment Views: All eyes on the debt ceiling
Washington remains firmly in the spotlight this month as the US debt ceiling negotiations remain at a deadlock. While a deal is expected sooner or later, what damage will be done in the meantime, especially as the economy in the United States had already been expected to slow?
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White papersISA Briefing: Controlling interest: Keeping tabs on residential regulations
Through history, residential rent controls have tended to appear at times of external shock and dislocation.1 COVID-19 and the subsequent inflationary spike have proven to be such a catalyst.
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White papersAppetite for destruction
Cattle ranching remains the main driver of deforestation in the Amazon, with land cleared for grazing or the production of soy for animal feed. Sonya Likhtman and Joanne Beatty explain how we challenge companies on their supply chains to preserve and restore this important habitat.
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White papersGlobal Investment Views - June 2023
”The disconnect within the growth and inflation mix and the market hope for the Fed to quickly turn to an easing stance call for a prudent stance on risky assets and further favours bonds and cash.”
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White papersCounting the cost of the climate crisis
As global temperatures climb, the associated impacts from the climate crisis will become increasingly difficult – and more costly – to manage. How are companies accounting for this risk in their balance sheets? Justin Bazalgette explains why it is important for investors to have confidence in the bottom line.
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White papersEOS Stewardship Report 2022
EOS at Federated Hermes has published its third UK Stewardship Report as a service provider, with insights into our cost of living engagements and our work with Climate Action 100+.
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White papersSpecial situations: Distressed debt in testing economic terrain
After a 2022 when primary markets were much more selective than in previous years, and on the backdrop of rising interest rates, a number of companies may find themselves struggling to refinance debt when facing a maturity wall in 2024 and 2025.
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White papersWhat the Austrian school of economics got wrong
At the dawn or dusk of every recession, the time comes for some to reopen the Austrian economic textbooks (well, grimoire might be more appropriate). And on such occasions, the time to close them arises promptly.
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White papersFeeding the world and protecting the planet: A biodiversity and climate challenge for investors
The food industry reaches into every corner of our world. It starts with seed suppliers, fertilisers and tractor producers, continues with farmers and fishing communities, then shifts into processing and manufacturing before ending with retail customers, catering companies and restaurants.
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White papersChallenges faced by emerging market corporates
Emerging market (EM) corporations with foreign currency debt found life particularly tough during the decade-plus of dollar strength. Weak currencies put pressure on profits among companies with a domestic focus but with hard currency liabilities. High domestic interest rates make for high costs of funding.
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White papersBlack Book: A Painful Epiphany
The shock of 2022 was that bonds didn’t diversify equity risk. The extreme positive correlation of that year might not persist, but we show that for most of the past 250 years, a slightly positive correlation has been the norm. While it’s hard to identify the consistent forces that have driven this relationship over such an extended period, both the level and volatility of inflation point to the stock-bond correlation remaining in a range from zero to slightly positive.
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White papersIn a soft landing we trust – right?
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we explore the scenarios underlying different markets, as well as their one commonality: the anticipation of a soft landing. What are the implications for portfolios?
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White papersLearnings from Earnings: Macro Crosscurrents Make Growth Elusive
Markets are being shaped by disparate trends from falling energy prices to rising interest rates. During first-quarter earnings season, company reports indicated that these crosscurrents are intensifying business challenges—and making it harder for investors to find resilient sources of growth.
