All Global articles – Page 5
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White papersDiversification Without Complication: The Case for Global Bonds in 2026
After an extended period of declining yields and credit spreads, we believe the fixed income environment is becoming increasingly nuanced. Near-neutral rates, tight spreads and elevated macro and political risks require investors to tread carefully in setting exposures while taking a broader approach to maximizing the opportunities that will present themselves.
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White papersMiddle East conflict: Central bank forecast changes
Tensions between the U.S. and Iran have escalated sharply, marked by military exchanges and increasingly confrontational rhetoric. Attacks on key Middle Eastern energy infrastructure have heightened the risk of material supply disruptions, amplifying uncertainty across global markets. While there are tentative signs of de‑escalation—including reports that President Trump has ordered a five‑day pause on planned strikes against Iranian power and energy facilities—the situation remains highly fluid, with risks of retaliation and broader supply‑chain disruption still elevated.
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White papersBeyond data centres: Could fibre optic networks bridge the AI divide?
If you were asked to name a few standout inventions from the 19th century, you’d probably answer without much hesitation. The steam train, the light bulb, the telephone – all fundamentally changed the way people interact with one another and the world around them.
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White papersFixed Income: Why This Is Not 2022
The echoes of 2022 are loud but misleading. The macro still points to easing, not hikes, while the credit cycle begins to turn.
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White papersGlobal SMID Equity Engagement: 2025 annual report
The Fund has the twin aims of investing in and engaging with companies to generate both long-term investment returns and positive societal impact in support of the UN Sustainable Development Goals (SDGs). In this report we outline our progress during 2025.
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White papersMeeting the stewardship goals of universal owners
With the publication by EOS at Federated Hermes Limited of its 2025 Annual Review of engagement and voting highlights, Leon Kamhi, Head of Responsibility and EOS, reflects on three key trends dominating the global economy and how these are impacting stewardship.
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White papersPrivate credit and real asset debt: resilience through rate normalisation
Private credit, commercial real estate (CRE), infrastructure debt, and middle market direct lending have proved resilient across most rate regimes because performance is anchored in structure, cashflow durability, and disciplined underwriting - not in the direction of policy rates.
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White papersInnovation at work: building a resilient private market ecosystem
Private markets have entered a phase shaped not only by secular shifts, but also by heightened geopolitical uncertainty and growing scrutiny around risk.
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White papersRethinking resilience in private credit
For much of the past decade, emerging markets (EM) were viewed primarily as a high-beta extension of global growth. Allocators tended to treat the asset class as cyclical exposure, sensitive to dollar strength, commodity swings, and Federal Reserve policy shifts.
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White papers10 themes for private assets in 2026
A resilient but uneven backdrop favours private markets. As liquidity solutions and transparency improve and deal flow recovers, privates will increasingly compete with listed markets – but outcomes will hinge on sector selection, execution and capital‑structure design.
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White papersHelping small and mid-sized businesses navigate the current economic landscape
Small and mid-sized businesses (SMBs) are being squeezed from all sides. Tariffs are driving up input costs, inflation is eroding margins, and shifting federal and state regulations are adding new layers of complexity. These aren’t abstract trends or distant possibilities; they’re real pressures unfolding in real time, and the forces behind them are reshaping how SMBs operate day to day.
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VideoInvestor takeaways from today’s volatile and rapidly shifting private markets environment
Private Markets 700 research shows that institutional investor return expectations are increasing, regulation, geopolitics, and megatrends are reshaping infrastructure allocations and value add infrastructure opportunities are growing, as infrastructure appetite trends upwards.
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White papersMapping the fallout: Iran, oil, and global markets
Macro impact: The Iran conflict and risks to the Strait of Hormuz do not yet warrant a major change to our base case macro outlook. Growth adjustments remain limited, inflation has nudged higher, and central banks are broadly in a wait-and-see mode, with policy rates expected to remain largely stable.
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White papersTrade Finance: Unlock uncorrelated alpha potential
Trade finance – short-term loans to facilitate physical cross-border transactions – plays a vital role in facilitating global trade flows. It is estimated that 80% of world trade is dependent on some form of financing. This can be attributed to tighter credit conditions for obtaining alternative sources of capital. In this paper, we outline why more investors are turning towards this asset class as a diversifier in their portfolios.
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White papersGlobal Equity ESG Annual Report: Navigating Volatility with Purpose
As climate change reshapes energy, food and water systems, physical risk is becoming ever more financially material. In this report, the Global Equity team discuss their approach to assessing physical risk – at a company and portfolio level – and outline where they see future opportunities.
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White papersStewardship in a Fractured World: EOS Annual Review 2025
EOS at Federated Hermes Limited publishes 2025 Annual Review, with full engagement and voting highlights.
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White papersFive themes shaping global real estate in 2026: European investors’ perspectives
European investors are navigating a more attractive entry point into global real estate as repricing stabilizes and capital markets gradually improve. Structural themes such as logistics demand, demographic shifts, and sustainability are expected to shape allocation decisions heading into 2026.
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PodcastBDCs, AI Disruption, Iran Oil Shock: What Lies Beneath in Credit Markets
Credit index spreads have been largely unchanged this year — but the calm surface belies a more complex picture underneath. Rising dispersion, AI-driven disruption fears, widening BDC spreads, and the military conflict in the Middle East are reshaping the risk landscape for fixed income investors — without much additional compensation showing up at the credit index level.
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White papersWhy the Software Sell-off Doesn’t Tell the Whole Story
The rise of AI has sown doubt within public equity markets about the software industry’s long-term viability. What might that mean for software equity investors and credit investors and lenders?
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White papersThe Changing Face of Infrastructure Debt
In a recent Q&A with Infrastructure Investor, Richard Parker discusses how rising digital and energy demand is shaping risks and opportunities across global infrastructure debt markets.
