Latest Manager Research – Page 333
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White papersEurope At An Economic Policy Crossroads
On an international scale, Europe is struggling to establish itself, in particular against the two giants, the United States and China. The European Union (EU) must therefore be strengthened at all levels: political/ diplomatic, security/defence, financial architecture, development of high technologies, financing of the energy transition, etc.
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White papersBlog: Emerging market fixed income – the outlook
Despite a sometimes challenging environment, emerging market debt generated strong returns in 2019. All four principal emerging market debt categories generated double-digit returns in 2019, led by hard currency emerging market debt.
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White papersMulti-asset allocation views: Could Japan outperform other equity markets?
Sunil Krishnan argues that low expectations among domestic and global investors are reflected in Japanese equity valuations, creating an opportunity for the asset class to play catch-up with the rest of the world.
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White papersOn My Mind: Will The US Economy Survive The Politics In 2020?
What might investors worry about? Dr. Sonal Desai, our Fixed Income CIO, covers her expectations for 2020.
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White papersESG Investing In Recent Years: New Insights From Old Challenges
This research is an update of the study that we published last year (Bennani et al., 2018) and that explored the impact of ESG investing on asset pricing in the stock market. It extends the original period 2010-2017 by adding eighteen months from January 2018 to June 2019.
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White papersThe Solvency Sharpe Ratio: Strategic Asset Allocation for Insurers
New approaches to Strategic Asset Allocation for increasingly complex insurance balance sheets.
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White papersInvestment Outlook 2020 - Hotel California: No Leaving QE
Central bank policy is moving backwards now instead of forward, with three rate cuts reversed so far in the US and the European Central Bank (ECB) relaunching quantitative easing (QE). ‘Lower-for-longer’ risks are becoming a permanent state of affairs, with major significant implications for fixed income markets and investors. ...
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White papersBlog: Investing for tomorrow – applying ESG principles to emerging market debt
In the past, investors often balked at the idea of applying environmental, social and governance (ESG) criteria when investing in emerging markets. We believe such an attitude is based on outdated associations of low income with political, social or economic disadvantages. Many EM countries have undergone significant progress and now have middle-income status.
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White papersBlog: Towards a sustainable finance system: further yet to go
The transition to a global sustainable finance system is gaining pace. Speaking at the first PRI Sustainable Finance Policy Conference in September, BNP Paribas Asset Management CEO Frédéric Janbon explained that while sustainable finance is moving up the agenda for policymakers, regulators and investors, much work remains to be done. We set out the key points in this edition of The Intelligence Report.
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White papersBlog: Investing in sustainable growth: Energy transition
As a theme, the energy transition offers opportunities to investors for whom sustainable outcomes matter. Fund managers Ulrik Fugmann and Edward Lees explain how they approach this in this edition of The Intelligence Report.
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White papersBlog: Time to put climate action back on track
Four years after the landmark Paris Agreement at the COP21 conference, it is becoming clear that climate change has been raging on unabated and that the need for action is not only imperative, but ever more urgent, if the world is to steer away from the dire consequences across the breadth of society and industry. In this article for The Intelligence Report, we cover some of the main issues.
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White papersNavigating the Asia Pacific real estate market
Louise Kavanagh, Managing Director, Asia Pacific, sits down with Asset T.V. to discuss the main geopolitical risks currently shaping Asia, how the trade war is affecting investor sentiment in the region and why investors are currently favouring a defensive position.
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White papersBlog: China themes for 2020 – growth and policy (2/2)
What to expect economically from superpower China in 2020? In the final part of this two-part series, senior economist Chi Lo discusses the outlook for inflation, growth and central bank policy.
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White papersBlog: China themes for 2020 – trade war developments (1/2)
What are the key themes to watch for economic superpower China in 2020? In part 1 of this two-part series, senior economist Chi Lo discusses the outlook for the trade relationship with the US, China’s tactics and the consequences for world supply chains.
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White papersEnjoy the Twenties While You Can
Sooner or later, the decade’s returns will face pressure from populism, technology and climate.
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White papersCredit selectivity at the fore in European high yield bond and senior loan investing
The European leveraged finance market is recognised for its potential to offer a compelling income advantage versus other, more traditional fixed income asset classes. Current market factors such as low default rates for speculative-grade debt and further stimulus from the European Central Bank are expected to continue to lend support to this asset class, which has enjoyed strong performance in 2019. Still, a prudent perspective would view the market as standing on relatively fragile ground in a period of low yields, lackluster economic activity and weakening growth outlook.
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White papersFixed Income Outlook: Keep an Eye on Systemic Risks in 2020
From a fraught geopolitical landscape to a global slowdown, the major systemic risks in today’s investment landscape are impossible to ignore. We expect such risks to contribute to persistently low and negative yields as well as to bouts of volatility in 2020. With bond yields near historic lows, can fixed-income markets generate solid returns without forcing investors to take too much risk?
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White papersGlobal Real Estate Securities - 2020 Market Outlook
As we enter the start of a new decade, global economic activity has shifted to a slower but steady pace compared to the past few years and Central banks stand ready to intervene to support economic activity by holding interest rates lower for longer until both growth AND inflation recover.
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White papersA U.S.-China Trade Deal Looms While Oil Prices Boomerang
Tensions are high around the world, global growth is low, while oil prices boomerang amidst the Iran clash.
