Latest Manager Research – Page 48
-
White papersPM Spotlight: The Upside of Volatility
Maulik Bhansali, Portfolio Manager, co-manages Allspring’s Core Fixed Income team. Read about how he and the team focus on security selection to drive alpha—especially as volatility rises.
-
White papersWhat does bank retrenchment mean for private credit investors?
Is bank retrenchment a myth? The GFC led to the introduction of Basel III, a set of financial reforms aiming to improve banks’ abilities to absorb shocks and increase their resilience against potential future crises.
-
White papersPrimonial Reim Real Estate Convictions 2023 – Q3
An Asset Manager’s View of the European Real Estate Markets
-
White papersIlliquidity premia in real assets: Q3 2023
Our real assets research team crunch the data to see how evolving macro conditions are reflected in private market returns.
-
White papersThe Return of Industrial Policy
As governments play a bigger role in the economy, we think businesses and investors will need to think more about inflation, location and taxation.
-
White papersNavigating Value Creation in Private Equity
Private equity managers have several levers they can pull to create value, but which are the most effective today, and what does that mean for investors?
-
White papersClimate-Related Stress-Testing and Net-Zero Valuation
This paper proposes a methodology for quantifying the climate-related transition impacts on energy-intensive companies. In this study, we use a publicly available dataset created by the Bank of Canada that combines the scenarios developed by the MIT Economic Projection and Policy Analysis (EPPA) model with the results from two macroeconomic models (ToTEM and BoC-GEM-Fin) to illustrate price and production patterns for 10 emission-intensive sectors across 8 aggregated regions.
-
White papersIPM – Edition November 2023: Our semi-annual insights into private market
As we approach the end of 2023, markets are grappling with competing dynamics. US President Harry S Truman once quipped, “Bring me a one-handed Economist. All my Economists say, ‘on the one hand… on the other’.” Seventy years later, investors have more data, faster information flow and yet face similar complexities when trying to foretell the future.
-
White papersESG Thema #14 - Navigating the Net Zero landscape: a toolbox for investors
Net Zero initiatives are raising standards and market practices by putting investors at the forefront of the transition to Net Zero, encouraging both real-economy carbon reduction and increasing investments in climate solutions.
-
White papersBalancing uncertainty and optimism
The economic data in 2023 was better than expected: inflation fell, employment remained resilient and we didn’t end up in recession – in fact growth was impressively resilient.
-
White papersYou heard it correctly—the nature of US high yield is increasingly high quality
In the face of inflation and steep Federal Reserve rate hikes, the US high-yield market has showcased remarkable resilience, maintaining a generally healthy state of fundamentals. Franklin Templeton Fixed Income sheds light on the current state of US high yield and how these bonds have become increasingly higher quality in nature.
-
White papersSustainability: Interconnected challenges and what we’re doing about them
Some of the world’s biggest challenges are inextricably intertwined. Here, we look at potential solutions across four interconnected areas: halting climate change, improving efficiency, embracing a circular economy, and promoting greater social inclusion.
-
White papersISA Outlook 2024: The global view
Searching for peak interest rates, solving the capital stack equation, winning sectors coming off the boil and moving beyond bifurcation in the market. How should institutional real estate investors approach the new year?
-
White papersISA Outlook 2024: North America – healing … gradually
In the North America chapter of ISA Outlook 2024, we discuss how our key global themes apply in the context of the United States and Canada. Property markets in both countries spent much – if not most – of 2023 wondering when the US and Canada would hit their peak rates. At the time of writing, the answer to that question remains uncertain.
-
White papersISA Outlook 2024: Europe – getting ready to go
In this chapter of the ISA Outlook 2024, we discuss how our key global themes apply in a European context. While property markets in Europe spent much – if not most – of 2023 in a waiting mode, rebased prices and strong fundamentals in many sectors suggest the time for action is drawing closer.
-
White papersA unique population position for Australia
Australia’s population has increased at historically high levels, far higher than anticipated and materially increasing the real estate requirements across the major sectors.
-
White papersCentral banks’ unwinding will put more public debt in market hands
The recent surge in global bond yields is partly ascribed to market worries about a greater supply of debt coming from governments. Some of this increase in yields should reverse when inflation nears central banks’ targets and monetary policy is less restrictive.
-
White papersIt isn’t easy going green
Kermit the Frog, the ringmaster of The Muppets – an anarchical cast of puppet characters popular on the silver screen – once lamented in song that ‘it’s not easy being green’. Property owners, managers and developers can sympathise. With governments under pressure to meet the Paris Agreement commitments [climate change goals seeking to limit global warming to 1.5°C], attention is swinging towards the role buildings play in producing carbon dioxide (CO₂).
-
White papersUK long lease real estate: A unique access point for new capital
Investment market conditions for UK long lease real estate look more attractive than they have since the GFC. With the retreat of Defined Benefit (DB) pension schemes as well as a rapid repricing of UK real estate in response to interest rate rises, an opportunity has arisen for new sources of capital to access investment grade, inflation-linked cash flows secured against high quality real estate, at what could be attractive value.
-
White papersAsset Class Returns Forecasts - Q4 2023
Recent geopolitical events and macroeconomic progresses are rising uncertainty on the global outlook and led to some adjustments on the short-term trajectory within our simulation horizon.
