Latest Manager Research – Page 157
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White papersAmundi Pension Funds Letter n°15
As holidaymakers resume their familiar summer breaks and crowds return to the Champs-Elysées to cheer on the final stage of the 2022 Tour de France, elsewhere established customs and trends seem less secure. One could say that this period of transition has been ongoing for some time. But in 2022, a new phase clearly unfolded, one unique to our times, but at the same time also hugely familiar. A phase where everything takes on a geopolitical slant.
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White papersZero-Covid weighs on China’s growth in Q2
A weak second quarter for China’s economy, with GDP growth narrowly avoiding contraction, might mark the low for this cycle (disregarding the pandemic-related dip in Q1 2020). However, even with intense policy support for the economy and less stringent Covid restrictions, any recovery looks set to be gradual at best, leaving 2022 growth short of the official 5.5% target.
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White papersWhiplash!
Hard economic data has remained strong, but recession risks are on the rise. Combined with limited forward guidance from Central Banks, this has left markets to have to decipher what each data print will mean for monetary policy and the path of rates.
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White papersUK housing shortfall – crisis or opportunity?
There is a saying that an Englishman’s home is his castle. Although not all UK housing is medieval, it is starting to creak with age. The UK has the oldest housing stock in Europe. Nearly 40% of residential property was built before the end of the Second World War. More than one in five dwellings has been standing for more than a century.
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White papersAccelerated Migration Post-Pandemic Drives Real Estate Returns - Q2 2022
The onset of the COVID-19 pandemic largely accelerated many location changes that began before March 2020. Nationwide, some migratory patterns related to American industry and demographic shifts became more pronounced by type of region, metro, and location − some areas experienced unprecedented booms, while others reported sizeable declines.
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White papersUnwavering Resolve
Central banks are increasingly worried they might be losing an inflation battle that could now be generational, so expect them to get much more aggressive to catch up.
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White papersConsumer demand for the quantified self Consumer demand for the quantified self
The first conventional quantified self device, counting users’ steps over the course of the day, was launched in 2009. Since then, a number of world-leading brands have entered this rapidly-growing market and burgeoning investment trend.
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White papersMidyear Strategic Investment Outlook: What Does the Market Move Mean for Strategic Investors?
Many people say they like to be long-term investors. It’s a laudable ambition, but often the short term gets in the way. Our notes typically focus on the strategic horizon, but when the S&P 500 falls by 20%, 10-year Treasury yields rise by 140 basis points and Bitcoin is down by 60% since the start of 2022, strategic investors need to respond.
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White papersEconomic and Market Review: Key Considerations for Equity Investors
We see increasing likelihood of a recession, but even if we avoid one, we think the coming months are going to feel like a recession as the decline in stock market valuations in the first half of the year are likely followed by a decline in corporate earnings in the second half.
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White papersWhy logistics investors should turn their attention to Southern Europe
In the tension field between crisis resilience, economic competitiveness, digitalisation and sustainability, the logistics industry is undergoing a dynamic transformation. Coping with rising complexity is a major challenge, but one that offers opportunities due to the rising value of logistics services and the resulting need for infrastructure.
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White papersFossil fuels: Here to stay or heading for extinction?
Beyond the headline net zero commitments and frequently reoccurring climate platitudes, reducing carbon emissions in line with global targets will require some seriously heavy lifting, particularly by companies with long histories of traditional energy generation.
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White papersMidyear outlook: Income arrives in many shapes and sizes
The first half of 2022 has been challenging for investors across asset classes, and the uncertainties plaguing markets remain—particularly with regard to inflation, interest rates and the possibility of recession. As we look toward the second half of the year, our investment management teams gathered to discuss where income-seeking investors may find opportunities. Below are highlights of our discussions.
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White papersBraving bear markets: 5 lessons from seasoned investors
Stock markets around the world have entered bear territory. The MSCI ACWI slid over 20% for the six months ended June 30, 2022. Today, many investors are focused on the likelihood of recession and more pain ahead.
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White papersWhen short term pain can bring long term gains
2022 has not been a great time for bonds. The Bloomberg Global Aggregate Index and Bloomberg US Treasury Index both hit historical lows, returning -13.9% and -9.1%, respectively, in the first 6 months of 20221 . Meanwhile, risky asset classes also sold off significantly, which has led to many investors questioning the role of bonds as a diversifier to equities.
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White papersThe rise of new food systems
We are anticipating the rise of new food systems in the Agriculture, Forestry and Other Land Use (AFOLU) sector. This will enable a major land restoration that allows nature to retrieve its regenerative properties, and will bring new risks and opportunities to investors.
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White papersAccelerated migration post-pandemic drives real estate returns
The onset of the COVID-19 pandemic largely accelerated many location changes that began before March 2020. Nationwide, some migratory patterns related to American industry and demographic shifts became more pronounced by type of region, metro, and location − some areas experienced unprecedented booms, while others reported sizeable declines.
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White papersBonds regain their shine amid a turbulent time
Brandywine Global: Prudent credit selection often requires investment expertise with a nuanced understanding of the business, economic and political environment across different geographies.
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White papersBetter health through the quantified self
Better and earlier diagnostics are key to moving from curing disease to preventing sickness entirely. Smart devices and fitness trackers stand to play a significant role in this advancement.
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White papers5G: Worry-Free Warranty Goes Mainstream
As adoption of connected technology increases, so does the case for device insurance. What opportunities could this bring?
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White papersMulti-Asset Allocation Views: Growth headwinds continue to build
Growth headwinds continue to build
