Latest Manager Research – Page 188
-
White papersBAE Systems case study
BAE Systems has accelerated its societal and environmental ambitions with key commitments regarding its workforce and climate.
-
White papersGlobalization: “So Why Can’t You Export Haircuts?”
It’s the year 2032. Will planes still take us to far-off lands or will VR headsets transport us, could your hair stylist live on the other side of the planet?
-
White papersValue Stocks: Inflation Wave Adds Fuel to Recovery
Value stocks outperformed through mid-February as investors repriced expensive growth stocks. Now, mounting inflation and rising interest rates are creating conditions for a broader value recovery, particularly for companies that have solid business fundamentals.
-
White papersWhat are the merits of a public-private equity investment approach?
Combining public and private equity investments in the same portfolio brings investors the best of both worlds.
-
White papersGetting along – Can investors influence geopolitics to improve climate action?
The outcome of the 2021 COP26 climate conference showed that, despite nations planning their own environmental efforts, collective climate action is difficult to foster. What does this mean for investors? Is there any way governments can be swayed into working together more effectively?
-
White papersManaging Duration in Multi-Asset Strategies? Be Dynamic
For most of the past decade, government bonds have contributed positive returns and a note of stability to multi-asset portfolios. But since late 2021, they’ve been much more volatile, as markets digest central banks’ transitions toward tighter monetary policy.
-
White papersCentral Bank Watch
The Franklin Templeton Fixed Income (FTFI) Central Bank Watch is a qualitative assessment of the central banks for the Group of Ten (G10) nations plus two additional countries (China and South Korea).
-
White papersAs COVID Cases Fade, Services Ready for Upgrade
January U.S. retail sales surprised to the upside, rising 3.8% M/M. The Omicron wave temporarily halted the shift in consumer spending from goods to services, as at-home sectors gained. Meanwhile, restaurant sales fell for a second-consecutive month.
-
White papersWeight to the Plate: Tracking EM Food Inflation
Rising food prices have added more pressure to headline inflation in emerging markets (EM), increasing steadily throughout 2021. As a result, central banks there have not had the leeway to wait to tighten policy the way the Federal Reserve and the European Central Bank have.
-
White papersThe Compelling Case for Global CLOs
The case for global AAA and AA CLOs is simple. As the senior-most, highest-rated tranches in the CLO capital structure, AAA and AA tranches benefit from strong structural protections and historically low defaults. These securities can offer attractive relative and absolute value for global fixed income investors seeking yield-enhancing investments and attractive risk-adjusted returns.
-
White papersThe Bond Blog - EM’s Vulnerability to Rising Food Prices and Political Instability
Food items typically have a larger weight in the consumer price index (CPI) basket of emerging markets. Therefore, food price increases might require policy action on the part of central banks if they become a major source of inflation.
-
White papersOpportunity in Muni Market Volatility
January was a volatile month for the markets in general, and municipal bonds were not immune. But volatility can lead to opportunity.
-
White papersNet Zero Carbon Metrics
This research project is both an update of the analysis on carbon emissions trajectories proposed by Le Guenedal et al. (2020) and a companion study of the climate risk measures defined by Le Guenedal and Roncalli (2022).
-
White papersEmerging Sovereigns and Sustainability
Global sustainability cannot be achieved without sustainability in the world’s poorer countries—so how can we address the challenges of sustainable investing in emerging markets sovereigns?
-
White papersQuick Thoughts: Defensive on the Curve
With the characteristics of low duration, lower volatility, and higher income versus other fixed income asset classes, we believe a mix of short-term high yield and floating rate debt may provide investors some level of defense in a rising interest-rate environment.
-
White papersGreen News & Views: Sustaining rural communities and natural resources with Leading Harvest
Investors increasingly expect assurance that their capital will not only generate sustainable financial returns, but also contribute to a more sustainable world. Stakeholder interest in sustainable agriculture is growing rapidly with increasing attention to how agricultural systems affect and interact with the environment and society.
-
White papersLevelling up and why the U.K. real estate industry should pay attention
At the beginning of February 2022, the U.K. government announced its long awaited ‘levelling up’ plan to address and close the gap between the rich and poorest parts of the country. An ambitious target of 2030 is set and much needed as, according to the Institute for Fiscal Studies1, the U.K. is one of the most geographically uneven countries, with income inequality ranked as one of the highest in Europe.
-
White papersMiddle East North Africa Insight
After experiencing yet another year of stellar returns from global equities in 2021, investors face a good deal of uncertainty heading into 2022. Economic growth is slowing and inflation is higher than it’s been in decades, and the US Federal Reserve (Fed) is tapering its asset purchase programme and plans to raise interest rates.
-
White papersOn My Mind: The Long and Winding Road…
With inflation running at multi-decade highs, Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes major central banks are well behind the curve to tighten monetary policy—and why she thinks markets still underestimate the long, volatile adjustment period that lies ahead.
-
White papersUK Equities: Where Next?
Despite the pressures on household finances, there are encouraging signs for continued UK economic growth—and attractive market valuations.
