Latest Manager Research – Page 330
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White papersThe US election and Covid-19 vaccines: implications for the economy and markets
Joe Biden has been elected 46th president of the United States, and it is likely that he will preside over a divided Congress, with the Republicans maintaining their Senate majority. US voters, like the markets, appear to prefer a balance of power. While President Trump has contested the election results in numerous states, President-elect Biden is likely to be confirmed.
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White papersSchiphol Trade Park Fully Let Asset
Barings has let a 5,000 sq m Grade A logistics unit at Abc Square, the first logistics building to be developed at Schiphol Trade Park in Hoofddorp, the Netherlands. The letting, which takes the newly built asset to 100% occupancy, has been completed on behalf of a core investment strategy.
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White papersGlobal Insights – Outlook for 2021
Primed by continued global monetary stimulus and exuberant global fiscal spending, and further boosted by the fading of the tail risks that had plagued markets through 2020, capital markets are facing one of their best backdrops in years. 2021 could turn out to be the year that the overdue cyclical rotation, 10 years in the making, finally materializes and, importantly, takes hold. Make no mistake, there is still a high level of uncertainty going into 2021.
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White papersCOVID, climate and Black Lives Matter: The stories that defined 2020
We select some of our key pieces of content in a year of unending drama.
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White papersCalifornia Wildfires and Credit Risk
Widespread destruction has reinforced the value of climate assessment in credit analysis.
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White papersOptimizing pension plan outcomes using public and private real assets
Allocating to real assets is rarely straightforward, and investing in them is often considered a trade-off between performance and liquidity. Our latest paper offers a framework to help investors with those concerns and the key considerations when selecting public versus private investments.
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White papersWill Washington Deliver a Holiday Miracle?
U.S. initial claims increased amid rising COVID cases, adding more fuel to the stimulus negotiations fire growing in Congress. China activity data for November should improve, and the Bank of England is expected to remain dovish given the pandemic and Brexit.
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White papersGlobal IG: Don’t Underestimate Changed Behaviours
We came into 2020 on the back of one of the longest expansion phases ever, with increasingly loose monetary policy extending the growth cycle. Because of that growth and low interest rates, companies had been gearing up and corporate leverage was actually relatively high going into the pandemic.
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White papersDebt deliveries: US consumers bat on in fading light
The US consumer has long been in the top order of the global economy but, as Fiorino discovers, the days of debt-fuelled hit-outs on tame pitches could soon be over.
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White papersPortfolio allocation in times of uncertainty
The temptation to react to every headline, every market move is often irresistible. Never more so than in an environment that screams uncertainty. But experience shows that successful investors have learned to stick to their strategies, regardless of bright, shiny objects that threaten to distract.
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White papersFixed Income: Security Selection A Key Driver Of Outperformance
The US Federal Reserve’s aggressive response to the coronavirus pandemic has driven yields on safe-haven debt to near zero, leaving “low-risk” portfolios increasingly susceptible to interest rate-driven price volatility.
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White papersFirst in, first out: what next for China?
As China emerges from the disruption wrought by the Covid-19 pandemic, we consider our outlook for the world’s second-largest economy. China is embarking on an ambitious strategy to transition its economic model, while also attempting to drive more sustainable practices.
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White papersFacts and Fantasies about the Green Bond Premium
The green bond market has increased exponentially since the first issuance in 2007. Nevertheless, we continue to observe a large imbalance between supply and demand because of the huge appetite from institutional ESG investors. The purpose of this study is then to determine if green bonds present lower yields than conventional bonds in the secondary market. This yield difference is known as the green bond premium or greenium.
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White papersBenchmarking sustainability
The EU’s taxonomy – a classification tool to identify which activities are sustainable and under which circumstances – can play an important role in de-risking portfolios by reducing investments in increasingly obsolete, unpopular or unappealing carbon-intensive businesses. Enhancing the focus on carbon neutrality is an essential ingredient on the path to a sustainable economy.
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White papersSeeking income – the case for investing in private corporate debt
Pension funds with current cashflow requirements depend on a steady stream of payouts, but face a number of unique challenges in their search for income against a backdrop of lower-for-longer yields and volatile investment conditions brought on by the COVID-19 pandemic.
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White papersReal estate: achieving net zero on behalf of our clients
On behalf of our clients, we have set out our proposed pathway to achieving net-zero emissions by 2035 across the managed assets included within our £6.1bn global real-estate portfolio.
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White papersSustainable investing – challenges and best practices
In the midst of nearly unprecedented market volatility, sustainable business practices are proving their mettle. Companies with strong stakeholder relationships, a deep commitment to employees, smaller carbon footprints and a longer-term focus are weathering the downturn significantly better than those without such standards. While no one would have chosen these particular testing grounds, the results are clear: sustainability has real-world consequences.
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White papersCentral Banks: leading the path towards Impact Investing
Central Banks are right now accelerating a tectonic shift. This summer at Jackson Hole, Fed Chairman, Mr. Powell has set-up the new objectives of the FED: inclusive employment is now key. As stated, “Inflation that is persistently too low can pose serious risks to the economy”1 and an inclusive employment2 is one way to solve it; it leads the FED to “a focus on inequality”3 with an attention paid on education as “people who don’t have advanced skills now have less ability to profit from the technology that is everywhere in our economy”4.
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White papersESG investing in Asia - an invisible evolution
Sustainable and responsible investing is fast becoming one of the most important investment criteria globally, and in Asia, while the uptake has been slower, this trend is growing. Moreover, sustainability is now also seen as an important economic driver for investment performance.
