Latest Manager Research – Page 335
-
White papersLooking through the Brexit clouds
Looking ahead to 2020, we are full of hope for a conclusion to Brexit. As investors, our approach to property investment remains constant, mitigating specific risk to suit the economic environment. However, Brexit is clouding the investment landscape and has created a stasis across most home-grown markets
-
White papersAdapting to a low-yield, high-regulation environment
Global insurance markets are a tale of two halves. The European and US markets are mature, with assets under management likely to remain flat for the foreseeable future. Asia is different: the market is boasting strong, sometimes double-digit growth. Insurance companies are injecting a lot of the expertise from their European or US businesses into growth areas, thus achieving higher valuation multiples, because a fast-growing business is more attractive from an M&A point of view.
-
White papersImpact investing in public fixed income markets
Across Nuveen, our commitment to responsible investing (RI) is based on three core principles:(1) integration of environmental, social and governance (ESG) factors into our investment processes and decision-making; (2) proactive engagement with issuers and other industry stakeholders on a variety of ESG-related topics; and(3) impact, the ability of our investment practices to deliver competitive financial performance and document the intended environmental and social outcomes.
-
White papersGlobal Investment Views - January 2020
As we approach the year-end, a look back over the past 12 months reminds us how unconventional this year of records has been. On the upside, equities rallied to historical highs in December and fixed income returns were also strong as bond yields fell. The combination of these trends enabled a traditional 50 bond/50 equity balanced portfolio for European to investors generate 15.5%1, the best annual performance in the last two decades.
-
White papersTrade war clouds the outlook
The effects of the US’s multiple confrontations with allies and adversaries over its terms of trade with the rest of the world have overshadowed commodity markets throughout 2019. At the beginning of this year we anticipated relatively swift progress towards a trade deal between the US and China. But as the year progressed it became clear that this confrontation would last much longer than we had initially expected. We now believe it will continue beyond the US presidential election late next year, irrespective of which candidate wins.
-
White papersFixed Expense Investing
Low and even negative yields have turned some fixed income investing into “fixed expense” investing—but there are still good reasons to hold negative-yielding bonds.
-
White papersReal estate outlook 2020: Continental Europe
As 2019 comes to a close Vivienne Bolla and Souad Cherfouh look ahead to the key themes that will shape the European real estate markets in 2020 and beyond.
-
White papersOutlook 2020: The Beauty of Symmetry
− Global growth is finding its feet, but a powerful upswing is not around the corner: risks such a Hard Brexit (still!) and the US elections are impediments to a meaningful capex recovery.
− 2019 was in many ways similar to 2016; but 2020 will not be a repeat of 2017. We expect equity gains to continue, but in a far more muted fashion.
− Central banks engineered a stunning risk rally in 2019; they will be less active in 2020. But nascent efforts to make inflation targets more symmetrical will remain a risk-friendly force. -
White papersGovernment Shutdown Bites the Dust
Boeing may have an impact on U.S. economic data, the U.K. Tories are back and stronger than ever, and the government shutdown is averted, for now.
-
White papersOur convictions for emerging markets in 2020
GDP growth should be stronger across many emerging markets in 2020 as Anjeza Kadilli explains.
-
White papersReal Estate Outlook US – Edition 4, 2019
US property sector performance continues to diverge
-
White papersReal Estate Outlook Europe – Edition 4, 2019
Fundamentals patchy but real estate markets robust
-
White papersReal Estate Outlook Asia Pacific – Edition 4, 2019
Rise in yield spreads to spur investment interest
-
White papersReal Estate Outlook - Global overview – Edition 4, 2019
Returns slowing but rate cuts supportive of sector
-
White papersCharter Pack - December 2019
The Australian office market has been buoyed by rising investor demand. Transaction volumes exceeded AUD 9.0 billion over the past quarter, contributing to an annual sales volume of AUD 25.8 billion. This was a record on both a quarterly and annual basis.
-
White papersReal estate outlook 2020: UK
As 2019 comes to a close Jonathan Bayfield looks ahead to the key themes that will shape the UK real estate market in 2020 and beyond.
-
White papersCore Matters: Where has inflation gone?
Over the past decades global inflation has been trending down. It averaged 8% yoy in the 1980s but stands at just 2.7% yoy in the current decade. Inflation is much lower in developed economies. Since 2011 it has hovered around 1.8% and 1.3% yoy in the US and euro area respectively, but only at about 0.3% yoy in Japan (excluding the sales tax hike in 2014).
-
-
White papersDecember Macro Dashboard
The announced Phase One trade deal between the U.S. and China, as well as the Conservatives increasing their majority in the U.K. election, has tempered two of the biggest political risks hanging over the global economy. At least temporarily, sentiment is turning optimistic.
-
White papersCommitment on Climate
Our Sustainable Equity team explores a recent engagement on measurement of carbon emissions.
