Latest Manager Research – Page 330
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White papersFirst in, first out: what next for China?
As China emerges from the disruption wrought by the Covid-19 pandemic, we consider our outlook for the world’s second-largest economy. China is embarking on an ambitious strategy to transition its economic model, while also attempting to drive more sustainable practices.
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White papersFacts and Fantasies about the Green Bond Premium
The green bond market has increased exponentially since the first issuance in 2007. Nevertheless, we continue to observe a large imbalance between supply and demand because of the huge appetite from institutional ESG investors. The purpose of this study is then to determine if green bonds present lower yields than conventional bonds in the secondary market. This yield difference is known as the green bond premium or greenium.
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White papersBenchmarking sustainability
The EU’s taxonomy – a classification tool to identify which activities are sustainable and under which circumstances – can play an important role in de-risking portfolios by reducing investments in increasingly obsolete, unpopular or unappealing carbon-intensive businesses. Enhancing the focus on carbon neutrality is an essential ingredient on the path to a sustainable economy.
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White papersSeeking income – the case for investing in private corporate debt
Pension funds with current cashflow requirements depend on a steady stream of payouts, but face a number of unique challenges in their search for income against a backdrop of lower-for-longer yields and volatile investment conditions brought on by the COVID-19 pandemic.
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White papersReal estate: achieving net zero on behalf of our clients
On behalf of our clients, we have set out our proposed pathway to achieving net-zero emissions by 2035 across the managed assets included within our £6.1bn global real-estate portfolio.
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White papersSustainable investing – challenges and best practices
In the midst of nearly unprecedented market volatility, sustainable business practices are proving their mettle. Companies with strong stakeholder relationships, a deep commitment to employees, smaller carbon footprints and a longer-term focus are weathering the downturn significantly better than those without such standards. While no one would have chosen these particular testing grounds, the results are clear: sustainability has real-world consequences.
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White papersCentral Banks: leading the path towards Impact Investing
Central Banks are right now accelerating a tectonic shift. This summer at Jackson Hole, Fed Chairman, Mr. Powell has set-up the new objectives of the FED: inclusive employment is now key. As stated, “Inflation that is persistently too low can pose serious risks to the economy”1 and an inclusive employment2 is one way to solve it; it leads the FED to “a focus on inequality”3 with an attention paid on education as “people who don’t have advanced skills now have less ability to profit from the technology that is everywhere in our economy”4.
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White papersESG investing in Asia - an invisible evolution
Sustainable and responsible investing is fast becoming one of the most important investment criteria globally, and in Asia, while the uptake has been slower, this trend is growing. Moreover, sustainability is now also seen as an important economic driver for investment performance.
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White papersImpact investing: a key role to play in reshaping the future
Today, the world is confronting the global coronavirus pandemic, which has put a severe strain on health systems and economies worldwide.
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White papersHydrogen: science fiction made real?
Fourteen member states of the European Union (EU) have already included a strategy for the use of hydrogen as part of their plans to support the post COVID lockdown economic recovery plans. David Czupryna, Head of ESG Development at Candriam, writes that the recent investment package of EUR15bn by the German and French governments is a serious step but only one of many required, with a lot of investment and opportunities still to come.
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White papersHidden ESG gems: the “improvers” philosophy
Traditional alpha opportunities tend to be found in underappreciated areas of the market where an expected improvement in fundamentals will lead to a rerating of the stock. The same can be said for ESG investing: companies that embrace and improve their ESG profile will be rewarded by the market.
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White papersInstitutional Investors – are you embracing the evolution in responsible investing?
The asset management industry is experiencing an evolution which has been a long time coming – the volume has been turned up on responsible investing and institutional investors are at the heart of this transition. The global pandemic and high-level concerns around climate change have brought a new sense of awareness, the knowledge of long-term risks and opportunities associated with environmental, social and governance (ESG) factors.
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White papersThe Golden Age of Health Care Innovation Meets Rising Global Need
Innovative new treatments are revolutionizing medical care to meet the growing needs of an aging global population.
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White papersReal estate 2021 outlook
No one can deny how challenging 2020 has been. As coronavirus spread around the globe, life for many was put on hold. Unprecedented government-imposed measures curtailed social and economic activity to protect people’s health and save lives.
Looking to 2021, the pandemic continues, but people continue to adapt, adjusting to the new normal as treatments for the disease improve and vaccine hopes are high. -
White papers2021 Investment Outlook Report
Our comprehensive Outlook Report addresses in further detail both the macro and asset class specific themes we have identified and examines the evolution of the investment environment over the past 12 months.
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White papersThermal Coal: Aligning Policy with Emerging Reality
In seeking to curb client exposure to a key carbon source, our team’s thermal coal policy acknowledges distinct characteristics found within the emerging markets.
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White papersKey themes for 2021 - Infrastructure Outlook
As we approach the end of 2020, the infrastructure sector looks to have weathered the COVID-19 crisis reasonably well. While certain sub-sectors were severely impacted, 1Q20 valuations for the sector were more resilient than other alternative asset classes and infrastructure companies saw fewer downgrades and defaults than their equivalent corporates.
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White papersLight at the end of the tunnel for multi-factor equity investing?
Multi-factor equity investing has underperformed in 2020 as a small number of growth stocks left the peleton far behind.
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White papersGenerating Interest
Must investors settle for sub-zero real returns on their cash allocations?
