All Inflation articles – Page 19
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White papersFearful markets brace for further hikes
The US Federal Reserve latest meeting minutes indicate further tightening likely following June pause.
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White papersMacro insights: Resilient growth buoys markets, but risks elevated
Investors powered a broad rally in risk assets in the second quarter as recession concerns appeared to diminish.
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White papersFixed Income Outlook – Shifting narratives
Market narratives have been shifting rapidly. We have gone from speculation that rate hikes by US Federal Reserve had begun to ‘break’ the financial system, to imminent recession and imminent rate cuts, to a resilient US economy, to weak domestic demand and deflation in China, and slumping growth in the eurozone amid continued central bank policy tightening.
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White papersFixed Income Perspectives Q3 2023 outlook
Quarterly macro and market insights from Capital Group’s fixed income team
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White papersLearning the ropes - Unveiling the attractiveness of real estate investing
Real estate offers investors four key benefits. First, it brings diversification benefits to multi-asset portfolios. Real estate has low and sometimes even negative correlations of returns with other asset classes such as bonds and equities.
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White papersThe case for commercial real estate as part of a well-diversified portfolio
The investment landscape has been significantly impacted by the shift in the Federal Reserve’s (Fed) monetary policy beginning in March of 2022.
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PodcastEmerging Opportunities in Emerging Markets Debt
The Emerging Markets sector has not been immune to today’s market challenges. Between the pandemic and the Russia-Ukraine war, factors such as the cost of living and food inflation have caused an adverse impact on sovereign balance sheets.
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White papersAn accounting ‘big bang’? The implications for insurance investors from IFRS 9 and 17
Sustained inflation has triggered unprecedent monetary tightening and a surge in interest rates which in turn have revived volatility and provoked changes in market liquidity conditions.
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White papersHow pension schemes should view stagflation risks
There is an economic scenario that pension funds perhaps fear the most, but for which most are probably least prepared: Stagflation. Most schemes have a strategic asset allocation based on a relatively optimistic “goldilocks” scenario. Rightly so, you could argue, as stagflation’s heady combination of accelerating prices and meagre growth remains an economic rarity through history.
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White papersWait and see (redux)
Recent inflation and GDP data complicate the course of central bank policy.
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White papersHigher for Longer, or Are Central Banks Overdoing It?
In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
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White papersInfrastructure remains resilient despite macro challenges
Will infrastructure remain resilient as monetary policy tightens, interest rates rise and the war in Ukraine stretches into its second year?
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White papersHow focussing on long life infrastructure can help investors meet their goals
Infrastructure has long been known for producing solid, risk-adjusted yields over a significant timeframe.
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White papersOpportunities lie beyond precarious path to growth
A central bank pause supports the case for bonds. Investors will have to assess the inflation path and the earnings outlook moving into 2024, in the search for opportunities in equities.
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White papersFixed Income Investment Outlook: 3Q 2023
Central banks are finding it hard to finish the long journey toward inflation normalization, but we believe that policy rates are likely at or near their peaks—and could be maintained at elevated levels for some time. In an environment of slowing growth, restrictive monetary policy and rising idiosyncratic risk, we favor shorter durations, quality and a focus on security selection.
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White papersThe View From the Peak
Despite hawkish policymakers and very mixed economic data, the approaching plateau in rates brings more clarity and conviction to our fixed income views.
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White papersFrom Climate Stress Testing to Climate Value-at-Risk: A Stochastic Approach
This paper proposes a comprehensive climate stress testing approach to measure the impact of transition risk on investment portfolios. Unlike most climate stress testing models, which are designed for the banking industry and follow a top-down approach, our framework considers a bottom-up approach and is mainly relevant for the asset management industry.
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White papersInsurance Fixed Income Outlook: Transition to more liquid assets
European Insurance companies started 2023 with high solvency ratios and a good outlook to improve their underlying profitability thanks to strong rate increases in reinsurance, and commercial P&C, while 2022 prices increases in retail P&C are slowly mitigating inflation.
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White papersGlobal Macro Outlook - Third Quarter 2023
Steadfast global resilience to recession highlighted the quarter, although the outlook hasn’t necessarily improved. But with labor markets tight and wages keeping pace with inflation, consumers are navigating the economy’s rough patches. Still, we expect growth to slow in time.
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White papersFixed-Income Midyear Outlook: Surfing Lessons
Surf’s up! Elevated yields and negative correlations are good news for bond investors. We share strategies for making the most of today’s opportunities.
