Latest Manager Research – Page 61
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White papersThe Sprint to Year-End
As the September starting gun sounds, here’s what we are looking out for on the track ahead.
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White papersMacroeconomic and financial market forecasts - September 2023
Macroeconomic forecasts as of 1 September 2023
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White papersMacroeconomics, Geopolitics, and Strategy - September 2023
Japan’s Q2 GDP significantly outperformed expectations, soaring to a 6% SAAR* from 3.7% in Q1. This robust performance was primarily driven by a surge in exports, while domestic demand indicators, such as private consumption and imports, contracted. We have revised our 2023 growth forecast up from 1% to 2%, to reflect the Q2 surprise.
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White papersThe Eurozone economy under scrutiny, as the policy support fades
The Eurozone economy has stagnated over the last three quarters, although growth in the second quarter was marginally positive due to strong idiosyncratic growth in one or two smaller countries.
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White papersBuilding confidence: ICVCM Core Carbon Principles Assessment Framework released
The ICVCM has detailed its assessment framework, which will serve as the initial bar for determining carbon credit quality. Meaningful implications for carbon markets are likely around the corner. We share our evaluation of this quarter’s publication.
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White papersG20 Summit Puts Great Power Competition in Full View
The G20 summit took place against a backdrop of deteriorating relations—not just between the U.S. and China—but also between China and India, which was the summit’s host country. Coming on the heels of the BRICS summit in South Africa, expectations for the G20 summit were low. Pre-summit deliberations at working group levels also created a gloomy mood among diplomats given the slim prospects for substantive outcomes.
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White papersThe ECB Delivers a (Final?) Dovish Hike
The ECB raised its deposit rate to 4.0% today, an all-time high since the launch of the euro. It cited uncomfortably high headline inflation of more than 5% as the key driver of its decision. Higher interest rates signal concern among ECB policymakers that underlying inflation could become embedded. That would make it harder to get back to the Bank’s 2% target.
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White papersWhy ABS could be an attractive option for European insurers
A fundamental shift in the UK defined benefit (DB) pension market, sparked in September 2022 by the government’s ‘mini budget’, opened the doors to potential opportunities across the balance sheet for insurance companies. Here we explore how European insurers may be in a position to take advantage of the compelling risk adjusted returns on offer in the European ABS market.
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White papersGo global for higher income
There is a new reality taking shape in global markets and investors may need to reset their expectations.
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White papersRelative value in real assets: Q2 2023
Our real assets research team drill into proprietary data to compare risk and return across sectors, drawing out those showing most relative value.
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White papersKeynote interview: A new frontier for ESG-related lending
In an article originally published by Real Estate Capital Europe magazine, Schroders Capital’s Kristina Foster examines the expanding scope for real estate credit strategies aiming to deliver social and environmental impact in the mid-market.
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White papersInfrastructure debt remains resilient in the face of macro headwinds
In an article originally published by Private Debt Investor magazine, Schoders Capital’s Damien Gardes talks inflation protection and rate rise benefits for infrastructure debt in this Q&A.
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White papersCommercial real estate outlook: There’s a storm on the horizon. Then what?
Benefit Street Partners believe the reduction in traditional bank lending capacity will likely create many attractive opportunities both to acquire deeply discounted loans and to lend on high-quality properties.
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White papersWeathering the storm: Exploring climate change adaptation and the investor’s imperative
The Franklin Templeton Fixed Income team believe that issuers that think critically about the environment in which they operate could outperform throughout the full market cycle compared with those who are slower to adapt.
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White papersIs the economy in a late-cycle period?
Today’s unconventional economic context continues to confound investors. In this weekly installment of Simply put, we look to history as a guide for the markers defining a late cycle.
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White papersGoing global may benefit U.S. dollar investors
One might think that the diversification benefits of global investing would be minimal, as trade and financial ties bring the world closer together. However, the global economy remains far from synchronized.
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White papers‘Say on Climate’ voting: Losing steam – or set for a rebound?
Launched in 2020, the Say on Climate initiative encourages companies to consult shareholders about their climate strategies and net zero action plans at annual general meetings. The number of companies allowing such ballots doubled over the first two years, but 2023 has so far seen fewer initiatives. A recent paper from BNP Paribas Asset Management looks more closely at current trends, challenges still to be overcome, and the role investors can play.
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White papersSurprise! Retail real estate is going strong
Contrary to what many believe, the retail real estate sector may offer the resilience income and growth investors are seeking. Compared to the other major real estate sectors, retail currently offers higher yields and likely less competition for investor acquisitions.
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White papersCBDCs: where do the projects and debates stand?
Since we first wrote about the topic in February 2021, a lot has happened on the Central Bank Digital Currency front. Most Central Banks are now at various stages of CBDC research, with several conducting large scale tests, and a small number even being fully launched. But debates regarding the utility, advantages, and risks of CBDCs have also been growing.
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White papersIsn’t it all just real estate? Public versus Private
Yes, REITs own commercial real estate. Yes, private real estate owns commercial real estate. But from there, their respective roles in a portfolio depart.
