All Inflation articles – Page 35
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White papersInflation hedging ability of natural capital investments
The current economic environment highlights the importance for investors to design portfolios that protect against inflation. This paper uses historical data to analyze the ability of timberland and farmland investments to act as a hedge against inflation over time and even for different species and crop types.
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White papersInflation, energy and real estate
Inflation has moved rapidly from overlooked to top-of-mind this year.
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White papersRecession watch: triggers, outlook and what next for central banks
While recession risk is clearly elevated around the world, they are notoriously hard to predict with any accuracy, in terms of timing, duration or impact.
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White papersNavigating dark clouds across emerging markets debt
It has been an unrelenting year of negative headlines, with a war in Ukraine, inflation concerns and recession fears jolting investors into a frenzy. Capital Group Investment Director David Cheng sat down with Portfolio Manager Luis Freitas de Oliveira to discuss his thoughts on the challenging macro backdrop, the investment implications for emerging markets debt (EMD) and how, in his view, the asset class remains investable amid the growing headwinds.
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White papersThe unequal impact of inflation: How governments are responding
Inflation has risen to multi-decade highs in most international economies, both developing and emerging. Most recently it has been driven by Russia’s invasion of Ukraine, which has significantly impacted food and energy prices. However, beyond the headline measures of inflation, the effect of rising food and energy prices typically has a greater impact on lower-income countries, households and individuals.
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White papersGlobal Investment Views - November 2022
Central banks (CBs) are trying to work out how far they should go in terms of their aggressive tightening talk. We see four main factors to consider when assessing whether we will see pivots from CBs: (1) The still strong job market does not support a shift in stance from the Fed.
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White papersHow do institutions segment their investment universe?
In the first papers of this series, we addressed the issues of how institutional investors should set their investment objectives – a key element of any Investment Policy Statement (IPS) – and how to articulate their asset allocation across different horizons.
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White papersIG Credit: Strong Fundamentals, But Inflationary Pressures Grow
Current yield and spread levels, coupled with companies’ durable credit profiles, suggest that IG corporate credit continues to look attractive—but a number of risks remain on the horizon.
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White papersIs This ‘Nightmare on Wall Street’ Coming to an End?
Do corporate earnings disappointments signal a weaker economy and easing inflation pressures, which could end this scary market—or are there more twists to come?
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White papersInflation, valuations and ESG reporting challenges
In June, Tell Media Group, in cooperation with Nuveen and Principal Global Investors, organised a roundtable discussion on real estate investing in Helsinki. Tell Media Group founder Niklas Tell and FBNW editor Janina Sibelius moderated the discussion
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White papersInflation still stubbornly high despite central bank hikes
Eurozone inflation reached 9.9% in September while UK consumer prices hit 10.1% amid rising food costs.
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White papersHow do renewables perform in a stagflationary environment?
Renewable assets could show themselves to be more resilient to a high inflation-low growth backdrop than more traditional assets. Here’s why.
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White papersEDITORIAL: What’s next in these times of uncertainty?
It is a question everyone is asking. Today, we have spiralling inflation, rising energy and living costs and an explosion in construction costs. All industry sectors are impacted by the current crisis and economic slowdown. Any reasonable investor has to be cautious in such an environment.
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White papersDistressed debt in a developing recessionary environment
High inflation is being fuelled by supply chain disruption caused by the pandemic, high energy prices caused by the war in Ukraine and high employment. High inflation is forcing Central Banks to aggressively increase interest rates.
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White papersHow the Inflation Reduction Act boosts listed infrastructure
While its name doesn’t reflect it, the Inflation Reduction Act (IRA) signed into law in August 2022 is the most substantial U.S. legislation ever passed pertaining to climate policy. Approximately $370 billion of the $730 billion package is earmarked for energy and climate change programs.
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White papersU.S. Inflation Feeling Hot, Hot, Hot
Inflation rages on in the U.S. and elsewhere as the global economy faces further instability. What will this mean for central banks’ tightening efforts in the coming weeks, and are markets starting to recognize–and react–that it will take more time for prices to come down?
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White papersTighter Conditions Begin to Squeeze the Economy
As the economy slows, an epic climb in short-dated rates and bond yields appears to have shocked investors into accepting the prospect of stickier inflation, but they still seem reluctant to price for substantially lower earnings.
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White papersGlobal CIO Q&A: on inflation, rates, recession and more
Inflation has reached record levels. What do you expect in the upcoming months?
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White papersMacroeconomic Picture - October 2022
United States: Growth. We are still calling a soft landing in the US, with an extended period of sub-par growth for 2023 and 2024. We expect the US economy to grow by 0.9% in 2023 (1.1% Q4/Q4) and 1.3% in 2024 (1.3% Q4/Q4). Inflation. Headline inflation has peaked in the ...
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White papersToo early for a Fed pivot
The flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth. The more resilient the US economy proves to interest-rate hikes, the more aggressively the Fed will have to tighten monetary policy, thereby increasing the risk of recession. We have gone from ‘bad news is good news’ to ‘good news is bad news’.
