Latest Manager Research – Page 155
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White papers2024 investment outlook: Selectivity remains the key
Views from the TIAA General Account: What are your expectations for growth, inflation and interest rates in 2024?
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White papersMacroeconomic and financial market forecasts - December 2023
Macroeconomic forecasts as of 14 December 2023
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White papersMacroeconomics, Geopolitics, and Strategy - December 2023
Following 3.1% growth in 2023, we expect global growth to slow to 2.4% in 2024, well below the IMF’s expectations of 2.9% in 2024 and the historical (2000–19) average of 3.8%. The weaker performance of advanced economies is one of the main reasons for this divergence. Indeed, we expect them to decelerate from 1.5% this year to 0.7% in 2024, while the IMF forecasts advanced economy growth at 1.4% next year.
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White papersHigher rates will start to bite the corporate sector in 2024
The impact of rate increases on businesses is expected to intensify in 2024. Businesses haven’t been impacted much by higher rates so far because they have used the cash they collected during Covid and refinance needs have been limited. However, refinancing needs will rise in 2024 Small and medium sized companies and lower rated HY issuers will be most impacted. The spillover from higher rates will be more limited for IG companies.
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White papersAnswering Clean Tech Questions with Large Language Models
The success of the “net zero transition” relies on the acceleration of the clean technology development to increase renewable energy capacity and low-emission solutions, but also to improve energy efficiency and enable carbon capture. Tracking such technologies and their mineral requirements is becoming increasingly important, but has traditionally required expert knowledge.
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White papersDovish Fed contemplates rate cuts: risks to weaker US growth persist
The Fed kept its benchmark overnight borrowing federal funds rate unchanged at 5.25-5.50% for the third consecutive meeting, that is, a period now spanning almost five months. The FOMC statement and press conference were more dovish than we – and the market – expected. This was exemplified in Chair Jerome Powell’s comment that the Fed believes interest rates are at or near their peak in this cycle.
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White papersWhy Shared Ownership housing economics now look compelling
London’s renters have seen rents rise by up to 10%, while some home owners have seen mortgage rates double on the back of interest rate rises. Likewise, affordability constraints have increased for shared owners, who face higher rents, mortgage payments and service charges. Yet Shared Ownership could still offer considerably better value than other housing options for new buyers.
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White papersSustainable supply chain opportunities take center stage
Given the backdrop of the Inflation Reduction Act’s passage in 2022, 15 months later this historic legislation is supercharging a resurgence of US manufacturing, particularly by supporting supply chain industries that facilitate the decarbonization of power generation and the broader economy.
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White papersPension plans embracing ESG demand new investment approach
Appetite for responsible investment themes remains strong among pension plans wanting to capture the transition opportunities towards a more sustainable future.
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White papersPowell pivots policy: moving closer to rate cuts
The U.S. Federal Reserve left interest rates unchanged at its December meeting, as expected, and updated projections signal even more rate cuts in 2024 than previously expected.
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White papersShifting Focus: 2024 Insurance Investment Outlook
As US insurance investors turn their eyes toward 2024, they’ll face a macroeconomic backdrop in transition. With this in mind, their efforts should include maintaining duration positioning, diversifying risks, emphasizing quality as credit conditions begin to soften, identifying relative value opportunities and balancing private allocations with liquidity considerations.
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White papersAllview: Market Risk Monitor - December 2023
Each month, Allspring’s Investment Analytics team assembles a top 10 list of market risks that it believes have the potential to influence investment portfolios.
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White papersFOMC on Hold — Rate Cuts by May 2024?
As expected, the Federal Open Market Committee (FOMC) decided to keep its key interest rate, the federal funds rate, unchanged at 5.25%–5.50%.
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White papers2024 Outlook: Global Real Estate
Against a hazy backdrop, our real estate debt and equity experts bring today’s biggest challenges into focus—while also weighing in on where opportunities are emerging across the U.S., Europe, and Australia.
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White papersCan You Protect the Environment and Your Yield?
Reducing carbon intensity doesn’t mean sacrificing yields. Issue selection in high-emitting sectors can help insurers stay on track with their liabilities.
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White papersIntegrating biodiversity into portfolios: a bespoke framework
Biodiversity losses may have a material effect on some companies, but companies also erode biodiversity through their activities and practices.
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White papersESG Thema – Special COP28: Main outcomes and implications for investors
A significant win for climate diplomacy on the back of strong technological tailwinds, daunting challenges ahead
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White papersISA Outlook 2024: Asia Pacific – a tale of three realms
In this final chapter of ISA Outlook 2024, we discuss how our global themes for the coming year translate to the Asia Pacific region, arguably the world’s largest and most complex real estate market.
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White papersTackling Key Asset-Allocation Controversies
As investors prepare to turn the calendar to 2024, we explore notable issues that run the gamut from private allocations to the prognosis for active equity management.
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White papersIndia outperforming in H2 so far
”India is a long-term story supported by structural factors, domestic demand, and stable policymaking that should offer opportunities in 2024 and beyond.”
