Latest Manager Research – Page 334
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White papersThe Case for European Real Estate Debt
The supportive pricing fundamentals in the European real estate market, and low leverage relative to previous property cycles, suggest the asset class is well-positioned to withstand the impact of the pandemic.
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White papersStructural Trends Supporting Asian Equities
There are a number of supportive structural trends shaping the opportunity in Asian equities, many of which—perhaps counterintuitively—have been amplified by the pandemic and U.S.-China trade tensions.
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White papers2021 Outlook: The Uneven Recovery
The recovery in many ways looks real and durable—but it also looks uneven and, in some cases, quite unpredictable. In this discussion, investment professionals from the public and private markets discuss where they expect to see risks and opportunities in the year ahead.
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White papersAustralia: The enduring merit of education
The long-term appeal of an education in Australia remains strong, despite near-term concerns arising from Covid-19. High quality education, geographic proximity to some of the fastest growing middle income countries and relative affordability compared with other English-speaking markets are some of the reasons underpinning the structural resilience of the sector.
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White papersLocking Down to Speed Opening Up
November’s U.S. and E.U. flash PMIs may begin to teeter, and initial claims could show initial signs of greater layoffs as more shutdowns are enacted across the Western world. The vaccines present compelling data as Phase 3 trials show strong efficacies for preventing infections.
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White papersSocial bonds: financing the recovery and long-term inclusive growth
With its triple impact on education, income and health, the Covid-19 crisis has exacerbated existing inequalities, both among and within countries. An additional 71 million people, concentrated in South Asia and Sub-Saharan Africa, could be pushed into extreme poverty in 2020 as a result of the pandemic.
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White papersFactor Investing and ESG in the Corporate Bond Market Before and During the COVID-19 Crisis
The objective of this paper is to illustrate the factor investing space in corporate bonds before and during the COVID-19 crisis and is the natural extension of our prior analysis on both the new alternative credit factors and the ESG integration in credit.
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White papersU.S. Elections 2020: Polarized is the new normal
The U.S. election polls have been packed up, the votes have been tallied and a winner has been declared. At this point, during most other election years, the U.S. would be transitioning to the next government, but this is proving to be an unconventional period. While there is little doubt that President-Elect Joe Biden will accede to the White House, some senior Republicans have so far refused to acknowledge his win. This standoff reflects how fractious the American political environment is today.
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White papersSolving for 2021
With shifting political dynamics, and pandemic numbers spiking even as we receive good news on vaccines, we believe the range of pathways through this unprecedented period continues to warrant strategic navigation.
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White papersQ4 2020: European Rental Housing - an all-weather asset class
Whilst no part of the economy or capital markets remains untouched by the pandemic, some real estate sectors are more affected than others, whether that be through the normal course of the business cycle, the idiosyncrasies of social-distancing measures that weaken occupancy, or a shift in investor sentiment towards long-term prospects that undermines valuations.
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White papers2021 European Annual Outlook After The Storm
Little could we have expected that last year’s Outlook theme “calm before the storm” would have come alive in the way it has. Since early 2020, Covid-19 has unleashed a storm of news flow and market sentiment. With the pandemic showing a post-summer resurgence in cases, many European governments have recently announced the expected second round lock downs.
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White papers2021 outlook: AEW foresees compelling opportunities emerging after current storm
In its 2021 European real estate outlook, “After the Storm” AEW explores how investors can best navigate out of the current crisis. Despite the recent news of a potential vaccine, 2021 looks to be a year characterised by a slow recovery hindered by both COVID-19’s impact on the wider economy together with the latent existing headwinds of unresolved trade frictions and political uncertainties.
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White papers“European defaults likely to stay low” and what it means for High Yield and crossover markets.
Correlations between defaults and macroeconomic variables suggest European defaults may rise, however, monetary and fiscal support are set to contain the impact. In this scenario, we deem the rating migration risk now more serious for Investment Grade and BBB in particular, hence – within the crossover space – we think investment opportunities can be found in fallen Angels
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White papersSolving for 2021: The world after the coronavirus
As we approach the end of the year and look forward to 2021, our senior investment leaders will share what they envision as the main market drivers in our Solving for 2021 series.
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White papersOur debt to nature
For the most part, companies have taken the immense value of nature for granted, but global ecosystems are now threatened at unprecedented levels.
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White papersEurope, US and China tomorrow: Will it be possible to avoid geopolitical and economic traps?
There are many pitfalls looming. Some concern China, the United States and Europe, while others are more targeted, notably on China or on the relationship between China and the United States. Some traps concern geopolitics (the Thucydides trap, the Kindleberger trap, the Herodotus trap, the Tacitus trap, the Chamberlain - Daladier trap and the cold war trap), while others deal with purely economic issues (the middle-income trap, the inflation trap, the stagflation trap and the debt trap).
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White papersIs sustainable infrastructure the best way to tackle climate change and emerging market poverty?
The emerging market need for huge amounts of infrastructure spending must be met sustainably for the planet’s sake - and that’s good news for investors.
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White papersInvestor’s Guide to the Second-Most Important Economic Challenge
After the pandemic recovery, the U.S.-China relationship will move into ever-more complicated and uncharted territory.
