Latest Manager Research – Page 37
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White papersDiversifying income in a new era
With investors facing an uncertain economic and interest rate environment, many are tempted to over-allocate to cash and wait for further clarity. But we believe investors should continue seeking opportunities for portfolio growth and income generation, even if that means looking in unexpected areas. We offer three themes to consider, along with ideas for portfolio positioning.
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White papersWill 2024 be the year of the stock picker?
As the market rally broadens, there will be more room for stock pickers, says Stephen Auth, Chief Investment Officer for Equities, Federated Hermes.
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White papersEquity Market Outlook: Making Sense of Mixed Signals
Against long odds, 2023 marked a year of magnificent returns and the return of investor optimism.
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White papersFlows and Fundamentals
With cash rates priced to decline substantially, we think it is time to deploy liquidity, locking in bond yields and seeking out value in the equity market.
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White papersPoll Positioning
Voters representing around half of the world’s GDP go to the polls this year—what might that mean for the economy and investors?
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White papersSurfing the Curve With Short-Duration Credit
Why short-dated bonds may offer the most attractive risk-adjusted yield as the economy slows.
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White papersBuilding Momentum: 2024 Outlook for ESG Regulation
After a year of burgeoning regulatory development, we assess what may come next
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White papersAsset Allocation Committee Outlook: 1Q 2024
“One of the lessons to take from 2023 is that markets can defy apparently soft fundamentals for much longer than one might expect.”
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White papersCOP28 Dubai’s mixed record and implications for global carbon markets
Key outcomes were agreed to at COP28 in Dubai, including near universal agreement to transition away from fossil fuels and accelerate the Paris Agreement goals, but countries failed to resolve the issues surrounding Article 6, which sets out the principles governing carbon markets.
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White papersNatural Selection: Evaluating Debt-for-Nature Swaps
Investors are becoming increasingly aware of the importance of biodiversity and the urgency of preserving our planet’s natural capital—the stock of natural resources that underpin our economy and society, including minerals, soils, air, water and all living organisms. In response, bond issuers are launching more conservation-linked bond structures that can help indebted developing countries protect their vulnerable ecosystems. These structures require careful evaluation.
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White papers2024 Real Estate Outlook: Cause for Optimism
While the global economy continues to face challenges, the anticipated decline in interest rates and the resilience of fundamentals in many sectors provide reasons for optimism: it’s the time to protect core assets while actively pursuing opportunities in value-add strategies.
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White papersPlus ça change… The outlook for infrastructure debt in 2024
Infrastructure demonstrated characteristic resilience in 2023 in the face of significant macroeconomic headwinds. Darryl Murphy from our infrastructure team explains why he expects current themes to persist in 2024.
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White papersBiodiversity in the Balance
Biodiversity is gaining prominence in fundamental investment analysis across asset classes, based on a deeper understanding of its importance as a potentially material issue for investors. By using a coherent analytical approach, we believe it’s possible to incorporate nature-related risks and opportunities in research and investment processes that support the efforts of capital allocators to harvest meaningful returns over time.
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White papersGlobal Sustainability Strategy – An update on how we deliver meaningful returns
The latest version of our Global Sustainability Strategy (GSS) updates our strategic approach to applying sustainability considerations to how we invest for clients and how we operate as an organisation. It includes areas where we have made progress since the first edition and our priorities for the coming two years.
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White papersTop 10 questions real estate markets in 2024: Is there light at the end of the tunnel?
Last year, we were faced with prolonged high inflation, sharp interest rate hikes and a weak economy, with looming fears of recession.
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White papersGlobal fixed income outlook 2024: opportunity knocking
The world appears to have moved beyond the height of interest rate hikes, inflation and economic acceleration.
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White papersYear-end rally turning uncertain in 2024
“After the 2023 rally, it’s time to embrace a diversified approach and search for opportunities across the board, including emerging markets.”
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White papersA blueprint for ultra-sustainable logistics assets
The real estate sector is responsible for approximately 40% of global carbon dioxide emissions, according to United Nations data, with 70% produced by building operations and the remaining 30% being a consequence of construction activity.
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White papersCentral Bank Watch: Hold your horses
The Franklin Templeton Fixed Income (FTFI) Central Bank Watch is a qualitative assessment of the central banks for the Group of Ten (G10) nations plus two additional countries (China and South Korea).
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White papersHigh yield credit outlook: Favorable dynamics persist
Brandywine Global: While tight monetary policy may become more problematic for the economy over time, many high yield bond issuers are focused on improving credit quality. This may put them in a better position to endure an economic downturn.
