All Global articles – Page 48
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White papers
EMD resilience to be put to the test—again
This paper provides an update on performance and drivers for the sovereign emerging market debt (EMD) asset class this year. The final sections lay out the main improvements and strengths that we believe will allow EMD to navigate these troubled times, proving the asset class’s resilience again. These include improving balance of payments due to high commodity prices, decisive central bank policy, robust growth outlooks and better managed debt stocks.
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White papers
Fixed Income: High Yield is not a meme stock
Brandywine Global: With defaults so low and fundamentals, such as interest coverage and leverage, still strong, we believe the case for high yield is even more compelling today.
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White papers
Food innovation: Investing to feed our future
Perspectives from our specialist investment managers on the challenge of feeding a growing global population in the midst of climate change, geopolitical shocks, and uncertainty and the critical need for innovation in food and agricultural technologies.
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Blog
“Friend-shoring:” Does Regional Retrenchment Herald Lower EM Growth?
Just as the world economy was recovering from COVID-19, 2022 brought fresh challenges. Russia’s invasion of Ukraine, higher energy prices, food shortages and protectionist tensions all weigh on emerging-market (EM) growth. As a result, the IMF lowered its EM growth outlook for 2022 from +4.8% in January to +3.8% in April.
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White papers
Disruptive technology – Maintaining course in volatile markets
The high-tech sector has seen a dramatic correction and high market volatility in recent months. We believe it is now appropriate to review the outlook for disruptive tech thematic investing. We are confident in the long-term outlook for this secular growth theme as we see many opportunities to invest in companies that are leading – and benefiting from – digital transformation.
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White papers
The Path From the Peak
With inflation still above-trend, prices rising for necessities, central banks tightening policy, and fallout from China’s zero-COVID policy, we will watch for a sharp slowdown in growth over the 12–18 month outlook.
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White papers
Shifts & Narratives #18 - The power of narratives for investors
A narrative is a popular story that arises from the public consciousness of market events. The most viral and intense of these may dominate public attention. Narratives are rooted in popular beliefs and are not necessarily from economists’ minds.
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White papers
Global Investment Views - June 2022
The second quarter of the year is becoming increasingly painful for tech stocks, recalling memories of the 2000s tech bubble bursting. The repricing of a more aggressive Fed stance has been brutal, real yields rose – the rate on 10-year TIPS has turned positive for the first time since 2020 – and on the nominal yields front, the US 10-year Treasury yield temporarily reached the 3% threshold, falling close to 2.75% on economic growth concerns.
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White papers
Creating value by addressing social injustice
Social injustice occurs when people do not have access to the same rights and opportunities afforded to others, due to race, ethnicity, gender, sexuality, religion, disabilities or other characteristics. Examples include inequitable access to employment, education, housing, health services and finance; negative stereotypes; and poor and marginalised communities’ greater exposure to pollution and climate change.
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White papers
The Case for Investing in Senior Secured Bonds
From capital structure seniority and high historical recovery rates, to lower interest rate sensitivity and compelling yields, global senior secured bonds offer a number of potential advantages.
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White papers
Inflation fighters: The case for real assets
Allocating to listed real assets may help investors better manage inflation risks—while also enhancing diversification potential and risk-adjusted returns.
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White papers
Spotlight on Fixed Income: Looking beyond the uncertainty
There is no doubt that investors today face an exceptionally tricky environment, with a host of issues clouding the outlook for global growth.
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White papers
2022 Global Outlook
We identify opportunities that stand to benefit from universal, long-lasting themes that act as pillars of demand growth and support long-term NOI growth potential.
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White papers
Real Estate Outlook – Edition 2, 2022
Global real estate performance remained strong in the first quarter. Investment activity pulled back slightly from the record high at the end of 2021 and the pace of cap rate and yield compression eased. The war in Ukraine is curbing economic growth, boosting inflation and is expected to have a cooling impact on real estate returns.
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White papers
*Pushing ahead in the age of sustainable transformation*
In its 2021 Sustainability Report, BNP Paribas Asset Management stresses the undiminished – and increasingly urgent – need to mobilise capital for sustainable investment solutions that can support a net zero pathway, protect biodiversity and facilitate inclusive growth.
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White papers
Our progress towards net zero in real assets: A Q&A with Ed Dixon
One year on from publishing our 2040 net-zero pathway for real assets, Ed Dixon talks through some of the key highlights, challenges and priorities for 2022.
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White papers
Our progress towards net zero in real assets: A Q&A with Ed Dixon
One year on from publishing our 2040 net-zero pathway for real assets, Ed Dixon talks through some of the key highlights, challenges and priorities for 2022.
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White papers
EOS Stewardship Report 2021
EOS at Federated Hermes publishes Stewardship Report 2021. Monitoring engagement outcomes is crucial, to ensure that our approach is effective and achieving the desired results. This year’s report includes expanded sections on our diversity, equity and inclusion approach, and on how we are responding to market-wide and systemic risks. ...
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White papers
Take note: Finding opportunity in mispriced corporate hybrids
In our latest white paper, Robin Usson, senior credit analyst, asks: Is there scope to extract structural alpha from misunderstood extension risk?
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White papers
ESG Materiality Q2 2022
In the latest ESG Materiality newsletter, Olivia Lankester, director of responsible investing & sustainability, global emerging markets, outlines how the invasion of Ukraine has accelerated the sustainable energy transition, pushing up demand for ‘green’ metals and components required to facilitate electrification.