All Global articles – Page 84
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White papersGlobal Equities case study: Vonovia
In our latest case study direct from our Global Equities portfolios, we examine the favourable ESG attributes of current holding Vonovia, a German real estate company.
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White papersThe False Dawn of Big Tech Regulation?
Calls for increased regulation of tech giants have indeed grown—but will they have the desired impact? In our opinion, the focus on “big is bad” is simply ineffective in a digital world.
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White papersHigh Yield: Strong Tailwinds, But It May be a Bumpy Ride
High yield has a number of supportive tailwinds at its back—from a more manageable default picture and less exposure to potentially rising rates to investors’ continued demand for yield. But uncertainties remain, suggesting a potentially bumpy path to recovery.
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White papers2021 global outlook reassessed
As the Q420 is now closed, we confirm the “financial recovery regime” as our central scenario for 2021 with a higher conviction than in Q320. We expect better corporate fundamentals at a global level going forward. The rebound of EPS growth will eventually validate current asset price levels in the context of low interest rates. This explains our cautious optimism for the coming quarters.
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White papersHidden factors: exploring equity market behaviour in 2020
At the beginning of a new year, it’s customary to look both back to the past and forward to the future. This year, it would be tempting to focus on a future in which the coronavirus is finally brought under control, gladly turning our backs on 2020 and consigning it to the annals of history. However, looking at the extreme market events of the past 12 months can provide some valuable insights for investors.
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White papersWater: a pervasive resource and a portfolio staple
The transition of many economies from a depletive to a sustainable model with better social and environmental outcomes creates a wide range of investment opportunities in many areas including water, a resource that is fundamental to not only life, but also across end-markets from the consumer to industrial businesses.
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White papersHow can social bonds support a sustainable recovery?
Social bonds could help mitigate the economic damage caused by the COVID-19 pandemic, at least in the short term. While on the surface, most bond issuances appear well-intentioned, all market participants need do their homework to ensure they are directing capital to the right social causes.
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White papersA bright end to 2020 for equity markets
After setting record highs in early December, global equities vacillated on market concerns over the resurgence of COVID-19 to end the month with a rebound to new highs. The MSCI AC World index (in US dollars terms) gained 4.5%, taking its rise for 2020 to 14.3%.
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Research Report2021 Global REIT Outlook
The first half of 2020 saw the emergence of COVID-19. It created a macroeconomic downturn that was a shock of significant magnitude and breadth: global GDP declined by more than double the amount recorded during the Global Financial Crisis (“GFC”); consumer saving rates surged as households hunkered down; while employment, retail sales, manufacturing activity and stock prices all plunged in spectacular fashion.
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Research ReportA look to 2021, Hazelview’s Global REIT Outlook
Global real estate securities ended 2020 down 10.5% in local currency, lagging most other sectors, with the exception of energy and financials.
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Research ReportHazelview’s Global REIT Market Overview
As an overview of 2020, global real estate securities ended the year down 10.5%, lagging most other sectors. Within commercial real estate, the pandemic created headwinds for some property types but tailwinds for others, thus making its recovery look more K-shaped than V-shaped.
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White papers10 predictions for 2021: The world improves, but do markets already know?
At the start of the year, we expected economic growth to pick up modestly and were encouraged by seemingly diminishing macro risks, such as trade policy. Conversely, we were concerned by relatively full stock valuations and thought that market gains could be limited following a strong 2019.
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White papersSpirit of resilience: Market Risk Insights, Q4 2020
Last year, Albert Camus’s 1947 novel The Plague returned to global best-seller lists as people searched for a deeper understanding of the pandemic convulsing society.
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White papersGlobal Emerging Markets: ESG Materiality, Q4 2020
In our ESG Materiality Newsletter, Q4 2020, we seek to demonstrate our engagement activity with portfolio companies and showcase holdings that create positive impact aligned to the Sustainable Development Goals (SDGs)
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White papersHow sustainability works in private asset investment
We explain why private assets can align with responsible investment just as well as listed assets.
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White papersGlobal Equities case study: Kurita Water
Our Global Equities strategies hold a diverse range of companies with attractive combinations of long-term fundamentals and good or improving ESG characteristics.
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White papersImagine – Super-forecasting for those who don’t know
There is always a lot of interest in predicting the future, especially at this time of year when experts telling us what to expect over the next 12 months inundate us. In general, the quality and results of predictions are unimpressive. 2020 has been a case in point.
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White papersBiden time: ESG implications for emerging markets and our portfolio in a post-Trump world
Last month, Joe Biden was hailed the winner of the tightly contested US presidential election. Here we examine the ESG implications of his victory for emerging markets and how it will impact our Global Emerging Markets portfolio.
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White papersSenior infrastructure debts fixed income: which poses fewer challenges for investors?
Senior infrastructure debt is shielded from many of the challenges that face traditional fixed income in a zero-rate world. We explain why.
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White papersHave a look at our book - 2020 Edition
The book you have in your hands is the 2020 edition of Amundi Research papers. This book represents a selection of the working papers and discussion papers which seem the most representative of our work for the past 12 months. Some of the papers have already been published in academic reviews, others are scheduled to be published, others have been the subject of presentations at international conferences, others are the result of collaborations with academic institutions developed in through chairs.
