All Global articles – Page 57
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Research ReportThe ESG bond market is on the verge of reaching new heights
With environmental, social and governance (ESG) issues dominating the international policy agenda — and as investor demand for new ESG financial products and services continues to grow — global debt markets, and by extension fixed income portfolios, are about to undergo a radical transformation. The ESG debt universe is expanding rapidly, not only in size but also in terms of the variety of instruments it contains and the range of activities it finances.
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White papersThe energy crisis heightens inflation fears - Strategies to protect portfolios from inflation risk
Inflation was already running well above central banks’ targets as we entered the year. The war has put additional pressure on prices and supply chains and this could have repercussions not just on oil, but on other commodities as well. Furthermore, given these (intermediate) commodities are used in the production of other finished products, we are likely to witness more broad-based inflation, particularly in Europe, the region closest to the crisis.
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White papersThe renminbi’s creeping internationalisation
China has recently revived talks with Saudi Arabia on settling some oil trades in renminbi in a move that many market players see as a first step towards gradually shifting the global oil trade to the renminbi from the US dollar, creating the ‘petro-yuan’.
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White papersEM Corporate Bonds in 2022: How to Find Truffles in the Mud
Tighter monetary conditions have raised bond yields around the world since the start of the year. Ten-year US Treasury yields rose 80 basis points (bps) in the first quarter, global investment-grade yields 83 bps, and yields on high-yield bonds rose 136 bps.
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White papersRethinking the Credit Liquidity Continuum
As private credit markets have expanded, matured and democratized, eligible investors can now, in a cost-effective and operationally efficient manner, combine liquid and less-liquid credit assets in one portfolio. This allows investors to increase yield profile and potentially reduce volatility and correlation.
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White papersSDG Engagement High Yield Credit: 2021 Annual Report
Our 2021 Annual Report outlines how the SDG Engagement High Yield Credit strategy delivered on its colinear objectives: strong financial performance for investors, and future, positive social and environmental impact contributing to achieving the United Nations’ Sustainable Development Goals.
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White papersHigh Yield: A Strong Case for Floating Rate
While the negative shocks of late have impacted high yield markets, the asset class remains well-positioned overall—particularly loans, which can offer a degree of protection in a rising-rate environment.
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White papersEM Debt: Finding Fundamental Value in a Shifting Landscape
The current environment is challenging, but much like in the past, opportunities are beginning to arise across the EM debt landscape.
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White papers*A low volatility equity strategy that can resist rising rates and inflation*
BNP Paribas Asset Management’s proprietary low volatility equity strategy is designed to be insensitive to changes in interest rates and inflation. With many central banks now raising their policy rates to control surging inflation, this distinguishing feature has probably never been more important.
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White papersAsset Allocation Committee Outlook - 2Q 2022
Against a background of structurally higher inflation and declining growth, exacerbated by Russia’s invasion of Ukraine, the Asset Allocation Committee’s (“AAC”) views have become more risk-averse.
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White papersFixed Income Investment Outlook: 2Q 2022
Global growth uncertainty has accelerated while inflation appears likely to persist. Still, we anticipate neither recession nor stagnation; moreover, central bank tightening expectations have likely peaked, potentially normalizing interest rate volatility and supporting spread sectors.
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White papersReaping the rewards
In the following interview, Darren Rabenou discusses the role food and agriculture can play in investors’ portfolios, the business’s key focus areas, what impact climate change is having on the sector, amongst other themes. Read the full interview to find out more.
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White papersEconomic and Market Review: Key Considerations for Equity Investors
We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle.
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White papersNew Frontiers: Finding the Untapped Opportunities in Alts
Investors are faced with a host of challenges in today’s market. Whether it be a war raging in Europe, the prospect of higher inflation and interest rates, or an equity market that may look frothy after a relentless run higher, the way forward for traditional investments may not appear as appealing as it was in past years.
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White papersMonitoring Narratives: an Application to the Equity Market
In this research, we show that variables from the Global Database of Events, Language and Tone (GDELT) convey significant informational content that can improve on a purely macroeconomic approach when modeling the US equity market.
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White papersESG Materiality Newsletter, Q1 2022
In this edition of our ESG Materiality Newsletter, we provide an overview of our engagement activities, as well as case studies demonstrating the progress we have made with portfolio companies. We also delve into an environmental, social and governance (ESG) theme, and its implications for the Emerging Markets asset class.
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White papersREITs as a Hedge Against Inflation
Real estate investment trusts across a number of sectors could show strength in 2022, driven by inflation and secular trends.
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White papersQ&A: Investing amid geopolitical uncertainty
Russia’s invasion of Ukraine has intensified focus on geopolitical risks. However, investing amid geopolitical uncertainty is not new. Seasoned portfolio managers Kirstie Spence and Victor Kohn discuss how they approach geopolitical risk in emerging markets.
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White papersHow challenging is the inflationary picture for fixed income investors?
Over the past 15 years policymakers have faced various waves of crises, beginning with the global financial crash of 2007-08. Until now, authorities could simply focus on supporting the financial system and global growth, however the re-emergence of inflation adds a significant complication for both policymakers and fixed income investors.
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White papersCredit markets: more attractive valuations but we remain cautious
Valuations are now a little more attractive. However, the environment remains challenging, particularly in Europe. We remain cautious and more constructive on US credit markets relative to euro markets.
