Latest Manager Research – Page 227
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White papers1-2 November FOMC meeting: debating a downshift, not a pivot
As widely expected, on 2 November, the Federal Reserve hiked the Federal Funds rate by 75bp, to 3.75-4.00%. The action marked the fourth consecutive 75bp rate hike this year. Investors initially interpreted the accompanying statement as dovish by selling the dollar and buying US Treasuries and equities.
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White papersHotel Review: Holiday Inn Express Auckland City Centre
Sarah Pollok stays at the Holiday Inn Express Auckland Some hotels are an experience in themselves, with lavish rooms, state-of-the-art facilities and an expensive price tag to match. Others, however, exist to simply facilitate an experience, offering a simple, safe and central place to rest your head during an overnight business trip or a busy day of exploring the city.
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White papersAsset Class Returns Forecasts - Q4 2022
We reiterate the main driver affecting the current and forward-looking macro environments is a combination of sustained inflation, mounting recession fears and geopolitical developments. Price stability has become the paramount goal and even more complicated to reach, therefore CBs will make sure high inflation will not be entrenched in economic agents’ long-term expectations.
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White papersCross Asset Investment Strategy - November 2022
Tightening monetary policy and slowing economic growth lead us to keep a cautious stance on risk assets, in light of potential liquidity and refinancing issues, particularly in low quality credit. We prefer US IG (over HY) segments and selectively like EM hard currency debt.
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White papersHow do you compare to your peers on your ESG journey?
In late 2021, we conducted our Think EQuilibrium study of 700 institutional asset owners across more than 20 countries to gauge their beliefs and actions around ESG integration, climate risk, social investing and diversity, equity and inclusion (DE&I).
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White papersThe case for Class B apartment investments
Traditionally an underserved segment of the housing market, Class B apartments underpinned by strong fundamentals and outsized demand — are an attractive investment opportunity, one potentially more compelling than high-end Class A units.
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White papersSimple mathematics – carbon removal in the real estate sector
Real estate companies face a dilemma. On the one hand, they are facing increasing stakeholder pressure to decarbonise their business. On the other hand, they must overcome all the economic challenges of reaching net zero carbon status.
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White papersCommunication Is Key Driver of Success for Hotel CEOs as Strategies Shift
Hotel Leaders Say There Are More Opportunities If Companies Can Weather Likely Recession
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White papersNot a Pivot
Inflation is resilient and rates keep rising. Our central Stagflation Shock scenario, with persistent inflation and slower growth, continues to play out, though there is mounting evidence inflation may be resistant to policy tightening. Smaller hikes would indicate success, not a pivot in central banks’ resolve.
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White papersKey Considerations When Navigating the Net-Zero Transition
Eighteen months ago, we mapped considerations for the industry’s forward path through the unfolding low-carbon transition (see Transitioning to Net-Zero Investment, April 2021). At the time, the Net-Zero Asset Owner Alliance had just added five members to their ranks, bringing the overall number of signatories to 42 owners, with a total of $6.6 trillion in assets under management. It was a crucial tipping point for net zero.
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White papersNew reality for investors: 5 big trends changing markets
There’s a new reality taking shape in global markets.
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White papersHow Rising Rates Are Shaping the European Real Estate Opportunity
Rapid increases in property financing costs mean property yields are now rising. The Barings Real Estate team discusses what this means for opportunities in the European real estate market.
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White papersAfter a Terrible Year for Markets, What’s Not Priced In?
It’s more or less clear where investors think the world is headed, but they are surely missing something.
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White papersDriving an equitable transition to a low-carbon economy
Rekha Unnithan and David Haddad, co-heads of private equity impact investing, and Radhika Shroff, managing director on Nuveen’s private equity impact team, were recently featured in PEI’s 2022 Impact Investing special report, where they discussed two of the most pressing issues impact investing is working to address: climate change and inequality. In the article, they explain how these challenges are exacerbated during periods of market disruption and why the two issues are closely interlinked.
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White papersInflation hedging ability of natural capital investments
The current economic environment highlights the importance for investors to design portfolios that protect against inflation. This paper uses historical data to analyze the ability of timberland and farmland investments to act as a hedge against inflation over time and even for different species and crop types.
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White papersESG considerations in securitised fixed income
At Thornburg, we feel a fully integrated investment approach is the most effective way to incorporate ESG factors into securitized fixed income analysis.
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White papersGovernments & companies: act now on climate change
It is one thing to hear dire predictions of global warming from scientists. It is quite another to feel the heat and see its consequences.
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White papersThinking like a business owner
The recent global backlash to the UK government’s tax-cutting plans – along with geopolitical uncertainty, energy security concerns in Europe and ongoing tension between inflation and interest rates – has added significantly to this year’s equity market volatility.
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White papersCan real estate investment help narrow geographical inequalities in wealth?
The wealth gap between the wealthiest and poorest is significantly bigger in the UK than other advanced economies. Why? And can real estate investment help fix it?
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White papersSustainable investments in Emerging Markets
The lack of data is often the reason why professional ESG analysis of companies and countries has so far focused on the industrialised countries. This is currently changing and more and more ESG funds with a focus on Emerging Markets are being launched. Jürgen Maier, Emerging Markets expert at Raiffeisen Capital Management in Vienna, explains the challenges and opportunities associated with ESG investments in Emerging Markets.
