Latest Manager Research – Page 189
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White papersHow Deep Is EUR Love?
Thursday’s 7.5% U.S. inflation print reintroduced some volatility, but we still think the euro is building a base for a long-term relationship with its admirers.
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White papersTop ESG equities show their resilience in 2021
Coming out of a volatile 2020, the sharp rise in inflation and the potential for rising rates were two of the key market drivers during 2021 – and certainly have been for the beginning of 2022. This backdrop does not look set to alter dramatically, at least in the near term.
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White papersInvestment Viewpoint - Global FinTech: positioning for 2022
In 2021, trends in the FinTech space accelerated and earnings were extremely robust. Valuations for loss-making, hyper-growth companies became more extreme before sheer saturation dampened sentiment.
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White papersEuropean equity market: the great value rotation and the dividend appeal
January 2022 was a record month for European value equity, in terms of its outperformance vs. growth. The market’s reassessment of central banks’ actions after their hawkish turn has driven real yields higher and benefitted value stocks, while growth sectors such as technology, which are more sensitive to interest rates duration, have suffered.
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White papersInvestment Viewpoint: Asia Fixed Income Outlook 2022
2021 was historic for our asset class by many accounts. Asian High Yield (HY) had its worst annual performance since 2008, down over 11% and recorded a default rate of 13%.1 There was an unprecedented USD 50 billion of Chinese HY defaults which means one third of Chinese HY defaulted in 2021.
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White papersReasons to invest LO Funds – Fallen Angels Recovery
Fallen angels are bond issuances which are downgraded from Investment Grade to High Yield.
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White papersSeven Important Stewardship Themes for 2022
Martin Currie: All around the globe, 2022 will see significant changes in the stewardship landscape as it moves even more into mainstream investing.
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White papersFranklin Templeton Investment Solutions Allocation Views: Getting spooked
Our Franklin Templeton Investment Solutions team anticipate continued above-trend growth over the next 12 months as consumers in developed economies remain in a strong financial position
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White papersInvestment Symposium Series – Signs of a thaw in China’s property freeze
China’s efforts to tackle soaring home prices and rein in its large property developers have sparked heavy asset price falls and concerns over a credit crunch. However, for our China specialists, there have also been signs of a gradual turnaround.
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White papersSaving the World is Hard
ESG investing has a long way to go, but why shouldn’t global financial markets do their part?
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White papersEquity Convexity and Unconventional Monetary Policy
In this paper, we intend to gain an understanding of the drivers of stock convexity, also known as gamma.
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White papersWhat’s the outlook for European asset-backed securities in 2022?
European asset-backed securities (ABS) outperformed many other areas of fixed income last year as investors were drawn by their floating rate properties and supportive fundamentals, including a resilient labour market and low arrears in underlying asset pools. But how strong is the outlook for securitisations in 2022?
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White papersSupply Chain Strain in Labor
The second paper in our supply chain series assesses the extent of labor market disruptions in two of the world’s largest economies, and we find modest near-term labor market shortages in the euro area.
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White papersSupply Chain Strain in Manufacturing
One of the most salient economic consequences of the COVID-19 pandemic has been the sharp disruption of global supply chains. The simultaneous emergence of large demand boosts and supply shortages led to sharp price increases.
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White papersResponsible investment: themes to look out for in 2022
Responsible investment issues tend to have a long time horizon. However, we have identified key issues and opportunities we expect will drive change in the coming year.
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White papersPressures Continue to Build for Fed Hikes
U.S. CPI pushed the 10-year U.S. Treasury yield to 2% for the first time since the onset of COVID, and U.S. rate hike expectations increased, with markets pricing in 50% odds of a 50bps hike in March. Meanwhile, European inflation expectations are also edging higher.
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White papersSupply Change: How logistics is racing to meet demand
Core industrial property prices have never been as elevated as they are now, so selecting assets for which occupiers will pay higher rents is increasingly crucial to investment performance, argues UBS Asset Management’s Brice Hoffer.
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White papersInflation is starting to burn - Strategies to protect portfolios from inflation risk
Persistent inflation, above pre crisis levels, except for China.
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White papersElectric vehicles: charging towards a sustainable world
What has driven the recent acceleration in electric vehicle (EV) sales?
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White papersSupply Chain Strain in Commodities
Cyclical commodity prices have surged amidst pressure from multiple fronts. While COVID has certainly exacerbated the typical mismatch between the timing of supply and the growth in demand, the deviation has been further strained by environmental considerations that have limited supply development.
