Latest Manager Research – Page 204
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White papersOur Worst Fears Realized or Another Variant We May Be Able to Handle?
While too early to tell, the markets are taking this seriously as should we all. Unfortunately, this is not the post-Thanksgiving COVID note we had hoped to write, though spikes in U.S. cases were highly anticipated post family gatherings. We now have a new emerging variant to discuss, the concern that has kept us up at night may now be realized…
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White papersLessons from COP26: Deforestation pledge a ‘pivotal moment’
Despite landmark deals, work must be done to ensure emerging markets get back on track with climate fixing efforts after pandemic hurdle.
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White papersCIO views outlook: top 3 investment picks in 2022
Where will opportunity knock in 2022? Our CIOs consider what lies in store, outlining three key areas of promise for investors in the new year.
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White papersReal assets and net zero: Ambition vs action
How are investors’ commitments to net zero changing? What are the key advancements in ESG? And how is long-term appetite for real assets evolving?
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White papersCredit: The long and short of ESG investing
Credit is an asymmetric asset class. The upside is a coupon payment and limited capital appreciation; the downside is a default to zero. For all maturities and bond types, ESG integration can play a crucial role in mitigating risk.
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White papers5 reasons to invest in high yield corporate bonds in the current market environment
The high-yield market has historically produced positive results over a full cycle, but it tends to do particularly well during the recovery phase of the business cycle as default rates fall, spreads tighten from wide levels and volatility trends lower.
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White papersShifts & Narratives #12 - ESG is not a given, the battle for data has just begun
ESG (environmental, social, and governance) investing has been making news headlines recently. With the rising adoption of ESG worldwide, regulatory scrutiny has started to intensify. The focus of this attention has been the assessment of what is effectively the integration of ESG principles into the traditional investment process versus what can sometimes appear to be the mere labelling of investment products as ESG with minimal effort to incorporate ESG aspects – a marketing push put in place to address fast growing investor demand.
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White papersReal Estate in China: Sector Focus
Property has been a highly regulated sector within China for many years and in recent times has been the focus of new policy changes. In this article, we take a look at the sector in more detail.
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White papersGlobal Investment Views - December 2021
Halloween ‘ghosts’ of Fed tapering, the Evergrande crisis, and the earnings season did not scare the markets. The Fed telegraphed its message well: while keeping the option to adjust tapering depending on the state of the economy, it reiterated the “transitory” inflation narrative.
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White papersNovo Nordisk Throws Its Weight Behind Patients With Obesity And Diabetes
The world’s obesity and sugar-high problems have healthcare budgets bursting at the seams.
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White papersChina’s zero-Covid policy – Timing, benefits, costs and impact
As more countries opt for ‘living with Covid’, China is sticking with a ‘zero Covid’ policy (ZCP) that has brought significant benefits, although not without costs. China may soon be approaching a turning point where the costs outweigh the benefits.
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White papersEM inflation elevated but still relatively contained; local markets could offer relative value
The gap between emerging market (EM) inflation over developed market (DM) inflation has remained contained this time, in part due to weak economic conditions, muted domestic credit creation and proactive EM central banks. Tighter EM financial conditions should anchor longer term EM inflation expectations.
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White papersRisk and opportunity in Asia credit: Chinese property, regulatory shifts, inflation
We believe at the point of Evergrande default, the contagion are, less financial and more real economy in nature. This is because the overall exposure of the financial system to Evergrande from a top-down perspective is much more manageable albeit there are risks around selected financial institutions with higher exposures to Evergrande.
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White papersDon’t get lost on the road to Paris: How to avoid the unintended consequences of a net-zero portfolio.
Making pledges and setting targets is the only straightforward thing about decarbonisation. More and more, asset owners will need to demonstrate how their approach is enabling them to reach net zero while future-proofing returns within a specified timeframe. It’s a question of understanding the individual challenges presented by each asset class and factoring this insight into a nuanced and sophisticated decarbonisation approach.
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White papersInvestment viewpoint: COP26: 7 key takeaways for investors
The Glasgow Climate Pact instilled measured optimism for many in the private sector and government, but disappointed others, including NGOs. The agreement does not seek to keep global warming below 1.5°C, but its commitments to decarbonisation and nature ensure the global economy after COP26 will be significantly different from the one preceding the summit.
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White papersSocial bonds – A tool to effect positive social change
Social bonds have been the fastest growing segment of the market for thematic bonds. Numerous factors are driving their popularity, including their use to address gender inequality and to support pandemic relief.
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White papersThe role bonds play in a portfolio
Building a resilient and balanced portfolio should be a priority for many investors in today’s environment of heightened financial market uncertainty and volatility across a range of asset classes, including equities.
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White papersUK Equities: Attractive Relative Valuations, Despite Relatively Unattractive Macro Signals
While UK equities have faced a number of headwinds in 2021, there are reasons to be optimistic about the year ahead, according to Ben Russon and Will Bradwell of our Franklin UK Equity team.
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White papersClean energy investment delivers greener hotels
Hotels are traditionally high energy consumers and high carbon emitters. Focusing on energy efficiency solutions is helping to cut those emissions, as well as delivering benefits to hotel owners and operators, while offering guests the opportunity to make more sustainable accommodation choices.
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White papersSimple Equity Themes for Complex Times
Here’s why we think value and income can offer equity investors both a buffer against uncertainty and an attractive opportunity in an ongoing reflationary expansion.
