Latest Manager Research – Page 231
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White papersEuropean infra debt: An investment for the post-Covid era
While not immune to the consequences of Covid, infrastructure debt proved to be a resilient asset class in 2020 by continuing to generate stable income throughout the year. Key sectors such as telecommunications and utilities encapsulated this resilience through the essential nature of the services provided.
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White papersSuzano: engaging on ESG issues
Sao Paolo-based pulp and paper producer Suzano is a holding in the Federated Hermes Unconstrained Credit Fund.
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White papersMarket’s view of transitory inflation in the US may be premature
We have seen an interesting paradox in the markets over the last couple of months: 10-year US Treasury yields and break-even rates on 10-year maturity TIPS (Treasury Inflation-Protected Securities) have moved lower even as inflation has moved meaningfully higher.
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White papersRating game: Getting the measure of infrastructure equity risk
Unlike liquid markets and real estate, a lack of publicly available data has made assessing risk more challenging for infrastructure equity assets.
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White papersReal Estate Outlook – APAC, Edition 2 2021 - Moving sideways
Asia’s growth prospects have been largely based on the resumption of global demand. The key downside risk remains the rate of inoculation vis-à-vis sporadic infection waves.
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White papersPrivate credit markets - opportunities opening up across the spectrum
With countries around the world rolling out their vaccine programmes and with growing optimism about the outlook for the global economy, has a potential return to normality been reflected in private and illiquid credit?
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White papersBig Tech Stocks: How to gauge regulatory risk
When it comes to America’s biggest technology companies, it seems like regulatory risk has never been higher. Most large technology platforms are facing pressure from US and European authorities, while lawmakers on Capitol Hill seem more inclined to doing something — rather than nothing.
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White papersInvestment Insights: Market’s view of transitory inflation in the US may be premature
We have seen an interesting paradox in the markets over the last couple of months: 10-year US Treasury yields and break-even rates on 10-year maturity TIPS (Treasury Inflation-Protected Securities) have moved lower even as inflation has moved meaningfully higher.
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White papersStop-and-Go Economy Refuses to be Stopped
If last year’s life-under-a-pandemic experience was unusual for every human on the planet, this year’s recovery stands apart in the history of recoveries.
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White papersReal Estate Outlook – Europe, Edition 2 2021 - Sentiment begins to warm
After a tough start to the year there are some causes for optimism for the European economy and real estate markets.
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White papersSystems rationality: Post-lockdown commuting, herding and real estate debt lessons
Herd-like lending behaviour is counter-productive and exacerbates real estate risks. Gregor Bamert argues a wider range of capital sources and investment approaches may help combat this in future.
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White papersEmerging Market Debt Opportunities Monthly Review - June 2021
Perspective from Franklin Emerging Market Debt Opportunities team.
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White papersEuropean Fixed Income Finds Central Bank Support
As Europe’s economy continues to recover from COVID-19, it appears the central bank will remain accommodative, but for how long?
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White papersNet Zero: Managing the Wider Impact of Economic and Capital Displacement
Martin Currie highlight that while focusing on climate action, it is important not to lose sight of other societal and developmental priorities that may occur as the economy is reprofiled.
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White papersLiving for the Future
The COVID-19 pandemic disrupted routine and mobility. Suddenly the home became our world: those familiar four walls morphed into an all- encompassing space where we lived, worked, played, exercised, taught, created and socialized, when permitted.
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White papersShifts & Narratives #7 - Opening the Pandora’s box of social risks: Consequences for investors
The Covid-19 crisis can be considered a turning point for social issues: it has put global socio-economic inequalities in the spotlight and made them more concrete than ever before. It has also clearly shown the tragic effects, from an economic and societal perspective, that systemic shocks can have on unequal, non-resilient societies.
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White papersInternet 3.0 and the Next Wave of Innovation
While Internet 3.0 promises significant disruption, it seems to be more of an evolution of Internet 2.0—and anyone writing off the winners of the Internet 2.0 era should be wary.
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White papersKey issues for Japan’s 2021 voting season
As we enter peak voting season for Japanese companies, engager Sachi Suzuki explores two key issues where Japan has been a notable laggard – gender diversity and climate change.
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White papersWeathering Climate Change: Opportunities and Risks in an Altered investment Landscape
PGIM partnered with Greenwich Associates to conduct a study of institutional investors to understand the risks and opportunities associated with climate change, as well as how CIOs incorporate climate change into their investment process (if at all). Among other findings, “regional” and “action” gaps were uncovered.
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White papersFinding Yield in Europe—and Beyond
Portugal, cyclical laggards, “rising stars,” roll-down returns, subordinated securities and hedged non-euro sovereigns—these are just some of the ways European investment grade investors could tackle the low and negative-yield challenge.
