Latest Manager Research – Page 132
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White papersA burgeoning force in the global economic order
Asia’s future looks bright. It has some of the world’s fastest growing economies and some of the most innovative companies globally. Dominic Howell caught up with David Perrett, Co-Head of Asia Pacific Equities, to discuss Asia’s growing importance in the global economy – and why he is excited about the prospects for Asian equities.
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White papersInfrastructure redefined - From railways to renewables
Infrastructure, as a sector, has evolved drastically in response to major drivers like the climate crisis and demographic change. Here, we explore the most influential structural trends shaping future-forward opportunities across the asset class.
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White papersWhy discipline matters in rapidly changing markets
Dynamically evolving bond markets not only offer a wide range of ways to add value, but constant learning opportunities too, according to Richard Woolnough, Fund Manager in M&G’s Public Fixed Income team.
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White papersBack to the Future: this time REITs are better positioned
It’s fair to say REITs have not been flavour of the month for some time. The lacklustre investment flows into U.S. REIT mutual funds and ETFs shown in the chart below says it all.
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White papersNature and biodiversity: Water and sanitation
Over the last several hundred years, exponential population growth has increased demand for essential resources including food, energy and infrastructure. Sustaining our population and consumption patterns is contingent on water availability, and quality. In part two of this series, Adam Pinfold, Michael Rae and Ben Constable-Maxwell consider the risks of our current unsustainable water use, alongside some of the potential solutions.
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White papersIT – A major greenhouse gas emitter hiding in plain sight
Many activities have a clear impact on climate, but for some, this is more obvious than for others. What, for example, are the CO2 emissions of reading this article on a mobile? Or of the electricity powering datacentres and networks? Their carbon footprint is larger than you think. Plenty of opportunities for asset managers that can identify companies able to benefit from the related decarbonisation tailwinds, writes Berenice Lasfargues.
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White papersIPM monthly blog – Edition April 2024: Our monthly insights into private markets
Second half recovery hinges on rates outlook - The US inflation data has surprised to the upside for three consecutive months. US treasury yields rose as a result and the rest of the world followed.
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White papersThe continuing evolution of investment stewardship
In less than a decade, stewardship has become a central area of investor interest and action. From the Paris Agreement of 2015 to today, questions of stewardship around systemic risks have gone from periodic to practically obligatory. Investment stewardship is now a key factor of asset owner decision-making when entrusting investment managers with their assets.
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White papersOptimal decumulation strategies for retirement solutions
The importance of decumulation strategies in retirement has gained traction in recent years. Government pension reforms are driving a move away from defined benefit (DB) schemes, which promise an income for life, in favour of defined contribution (DC) plans which offer no such guarantee. In Europe, DC plans already account for 26% of retirement assets (USD713.9 billion) and are projected to rise significantly in the next five years, potentially increasing by USD2.5 trillion.
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White papersUK Real Estate: Talking Points April 2024
Welcome to our quarterly snapshot of current real estate market trends, using transparent capital and occupational market data points to summarise key implications for asset allocation and performance prospects.
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White papersKey findings Optimal decumulation strategies
The importance of decumulation strategies in retirement has gained traction in recent years. Government pension reforms are driving a move away from defined benefit (DB) schemes, which promise an income for life, in favour of defined contribution (DC) plans which offer no such guarantee. In Europe, DC plans already account for 26% of retirement assets (USD713.9 billion) and are projected to rise significantly in the next five years, potentially increasing by USD2.5 trillion.
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White papersFixed Income Outlook – Corporate bonds still a bright spot
We expect corporate bonds to deliver positive returns in the coming quarters, primarily due to the attractive yields. With money market rates becoming less attractive as interest rate cuts loom, further supporting inflows into corporate bonds look likely.
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White papersAhead of the curve: Resilience amid divergence
While economies have proved remarkably resilient in the face of aggressive interest rate hikes, we have started to see divergence more recently. Countries such as the US, India and Japan have proved stronger than others – including Europe, the UK and China – driven mainly by differences in consumption, investment, and fiscal policies.
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White papersGrowing investment opportunities amid bank deleveraging trend
The structural need for European banks to deleverage, particularly with new capital rules under Basel IV coming into effect from 2025 (dubbed as the Basel “Endgame”), is incentivising banks to engage in ‘risk-sharing’ regulatory capital solutions like Significant Risk Transfer and other asset solutions such as Specialty Finance trades. As banks double-down on capital relief and balance sheet optimisation, this is creating an attractive and unique entry point for investors to gain exposure to the core, yet ‘harder-to-access’, parts of bank balance sheets and earn potentially attractive risk-adjusted returns.
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White papersPrivate credit: The growth story in direct lending continues
The growth of the private credit market has been nothing short of breathtaking and, in just a few short years, interest has skyrocketed along with assets under management.
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White papersFixed Income Outlook – Not as planned
Another higher-than-expected US inflation number means the US Federal Reserve should be in no rush to cut rates before price pressures subside. With the risk of inflation continuing to surprise to the upside in the near term, we now expect benchmark 10-year yields to potentially retrace to 4.75%, at which point we would likely again go overweight duration.
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White papersInvesting in biodiversity - Markets to finance the protection, better management and restoration of nature
Unprecedented global action to address the decline in nature and its causes is underway, and investments in biodiversity will be a critical part of these efforts.
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White papersRegulation set to supercharge push on plastics
Voluntary plastic goals have yielded little meaningful change on plastic production and recycling. But forthcoming regulatory changes will heighten both the risks and opportunities companies – and investors – must navigate.
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White papersGlobal growth forecast revised higher, again
”As long as inflation is not resurging, better growth should support equities. We favour a diversified global approach and selective stories, such as India.”
