Latest Manager Research – Page 172
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White papersPrivate Commercial Real Estate Debt: A higher yielding alternative to investment grade bonds
Amid an environment of historically low government bond yields, institutional investors are increasing their strategic asset allocation towards alternative asset classes, which are typically less correlated to traditional investments and are able to deliver a premium over traditional fixed income.
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White papersResilience and Transition: Infrastructure Outlook
As major investors of pension capital, we see a number of emerging investment opportunities that can generate positive returns while contributing to the resilience of infrastructure assets that working people rely on every day.
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White papersInflation: considerations for real assets
Inflation concerns have been front and centre in conversation for global investors and consumers alike in recent months. Since the beginning of the pandemic, supply-side constraints in the face of strong demand have created disequilibrium, driving inflation higher, and now the conflict in Eastern Europe will likely exacerbate that risk by boosting commodity prices further.
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White papersNatural capital: The future of land investments
Natural capital and the ecosystem services it provides are the foundation of both human wellbeing and our economic system. It has never been clearer that responsible stewardship of our land-based assets is essential to long-term productivity. By improving the management and measurement of these assets we can develop a richer and more resilient base of natural capital.
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White papersMacron 2.0: More Europe, More Fiscal Stimulus
Investors had remained confident in the run-up to France’s presidential election, so Emmanuel Macron’s win had little effect on financial markets this week. But his convincing victory came as a relief to pro-European political forces in France and across Europe, for understandable reasons: his opponent, Marine Le Pen, is a long-standing Eurosceptic and friendly towards Russia’s President Putin. Her victory, amidst Russia’s invasion of Ukraine, would have sent shockwaves through Europe (as referred to in Russia’s Invasion: Eurozone Recovery Delayed but not Derailed).
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White papersFinancing the Future with Bonds that Matter
In the fast-growing field of responsible investing, environmental, social and governance- (ESG-) labeled bonds offer investors an especially appealing proposition by linking financing to sustainability goals. But not all these securities are created equal. Investors with a responsible agenda must make sure the bonds they buy are genuinely helping to create a better world.
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White papersA Value Opportunity in Hybrids
Recent spread-widening appears to reflect concern about rising rates incentivizing extensions, and an economic slowdown incentivizing coupon deferrals—concerns we regard as significantly overstated and a source of attractive valuations.
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White papersTaking real action on climate change is more critical than ever
As Thibaud Clisson explains, the window to limit the global temperature rise to 1.5C is closing fast, but there are investable solutions that can keep it within reach.
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White papersEurope Outlook: A French Economic Evolution
Franklin Mutual Series’ Katrina Dudley sees President Emmanuel Macron’s re-election as a positive for the French economy and regional equity markets over the longer term.
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White papersMarket snapshot: the ‘S-word’ looms into view
As investors grapple with the ongoing fallout from the Ukraine crisis and Covid-19, the risks posed by stagflation are growing.
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White papersThe lowdown on inflation in the US and Europe
Inflation likely to peak in the US in mid-2022 whereas Europe could feel the full impact of higher prices during the autumn
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White papersBad Q1 GDP Report Hides Good News
Avoiding a disruptive cutoff of Russian energy supplies has helped maintain overall economic strength. However, a future phase-out of Russian oil raises concerns about inflation and economic activity.
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White papersFinding the edge in mortgage and consumer loans
The mortgage and consumer loans sector is a long-established and attractive asset class that only opened up to institutional investors relatively recently, as a result of regulatory changes. It offers many advantages, including a highly diverse nature, an entrenched legal framework, excellent growth prospects and inflation protection, as well as the potential for stable and resilient cash flows.
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White papersGlobal Investment Views - May 2022
We are witnessing significant divergences in the economic outlook (we have revised down the EU and Chinese economic outlooks vs. the more resilient US economy) and in market performances.
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White papersBDCs Built for the Future
As demand for floating rate assets increases, investment discipline and a wide frame of reference will prove key, says chief financial officer at Barings BDC, Jonathan Bock.
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White papersListening for the Tectonic Shifts
Salient developments will shape financial markets over the next year, but listen for sounds of more structural shifts in the economic and political order as well.
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White papersOpportunities Persist in European Real Estate Despite Geopolitics
The duration of the Ukrainian conflict and its macro-economic impact on the rest of the world remains key to assessing market pricing prospects—but the current significant property yield bond spread will soften any fallout. The Barings Real Estate team discusses.
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White papersBroader Investment Horizons for an Aging World
In a deeply uncertain world, there is one certainty. Young, booming populations in emerging markets (EM) have started outpacing those in aging, rich countries and might provide just the opportunity needed to fill job openings and support growth.
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White papersAn Aging Workforce Hunts for New Global Investment Opportunities
Richer, older, developed countries face slowing population growth, while poorer, younger, developing countries face faster growth. Successful investments could boost standards of living in these developing countries, aiding demand for goods, housing, transportation, and more.
