Latest Manager Research – Page 347
-
White papersMeasuring and Managing Carbon Risk in Investment Portfolios
This article studies the impact of carbon risk on stock pricing. To address this, we consider the seminal approach of Görgen et al. (2019), who proposed estimating the carbon financial risk of equities by their carbon beta. To achieve this, the primary task is to develop a brown-minus-green (or BMG) risk factor, similar to Fama and French (1992). Secondly, we must estimate the carbon beta using a multi-factor model.
-
White papersLow-carbon investing across all our quantitative strategies
As a future maker, BNP Paribas Asset Management has put sustainability at the core of its investment process. This is reflected in our commitment to a low-carbon environment. Portfolio decarbonisation has been of primary concern in our overall strategy of sustainability integration.
-
White papersIs There Opportunity in COVID-19 Valuation Dislocations?
Capital markets have rebounded from their COVID-19-induced lows, but impacted industries have lagged substantially. That pessimism may be overdone in some cases, creating opportunities for multi-asset investors to exploit dislocations.
-
White papersHong Kong-China Equities: Accelerating Areas of Opportunity
As COVID-19 slowly loosens its grip on China, it has become clear that many of the long-term structural trends shaping the markets remain intact or have even accelerated—creating investment opportunities in Hong Kong-China equities.
-
White papersPushing on an Open Door: COVID-19 is Intensifying Long-term Macro Trends…Especially Debt Overhangs
The COVID-19 pandemic has had historic—and nearly immediate—repercussions for society, the global economy and policy. The aftereffects will last for many years, reinforcing long-term trends including deglobalization, populism and mounting debt.
-
White papersUK Offices “The Future of Offices Post Covid-19”
The current Covid-19 crisis and lockdown raises existential questions for many businesses over their corporate office requirements. With many companies forced to learn first-hand of the benefits (and disadvantages) of ‘flexible’ home-working, what role can offices play in the future?
-
White papersThe digital divide, fracturing society
Without connectivity and digital skills large sections of society are at risk of being marginalised in the new economy. Senior investment strategist Daniel Morris talks to Anu Rames, technology and healthcare analyst for our Sustainability Centre, about the digital divide and the implications for investors.
-
-
White papersSwipe right: The Tinder effect on real estate
It can be hard to perceive how society, and consequently our use of real estate, is changing. Sometimes, major structural trends are hiding in plain sight, says Chris Urwin.
-
White papersQuarantined From Market Risk?
We look at whether “uncorrelated strategies” lived up to their label through the COVID-19 crisis.
-
White papersRepsol case study
Repsol became the first oil and gas company to commit to a net-zero goal by 2050, supported by a decarbonisation pathway with interim targets, setting a higher benchmark for the industry. EOS has engaged with the company since 2013 on its climate action and targets.
-
White papersKeep Your Eye on the Loser
The election’s winner will drive market sentiment for the next several months, but the loser could reshape economic policy for the decade.
-
White papersEOS Partnership with The Enacting Purpose Initiative
Business leaders need a simple framework to put purpose into practice
-
White papersFive charts that show Manchester is a city of the future
In this short, visual article we present five charts that show why Manchester is such a rich, vibrant and economically prosperous city. Our view is that the ingredients of connectivity, culture, talent, scale and scientific heritage make the city well-equipped to thrive in the coming years and decades.
-
White papersEuropean equities: accelerating the digital revolution
The coronavirus crisis has fast-tracked the global economy’s digital transition, as the pandemic has encouraged the uptake of virtual solutions across different industries.
-
White papersGlobal Emerging Markets: ESG Materiality, Q3 2020
Welcome to the Global Emerging Markets’ ESG Materiality commentary – a quarterly publication that demonstrates our engagement activity with portfolio companies and showcases holdings that are creating positive impact aligned to the Sustainable Development Goals. In addition, we explore an environmental, social and governance (ESG) theme and its implications for the asset class.
-
White papersRecovering scenarios and Emerging Themes
Erik Knutzen shares guidance on navigating the range of paths through the recovery and our Playbook 2.0 for capitalizing on investment themes.
-
White papersIs Concentrated Investing Riskier in Today’s Uncertain Environment?
In a world of increased uncertainty, many investors’ natural instinct is to “hedge their bets” by diversifying, rather than investing in a concentrated strategy. But this year, a portfolio consisting of just the five largest US stocks would have significantly outperformed. So, is there a way to reduce risk and to capture long-term growth in a concentrated portfolio?
-
White papersWhen Tax Alpha is Negative
It may come as a surprise to discover that tax-loss harvesting can result in negative alpha: Here’s what’s going on.
-
White papersHigh-Growth U.S. Logistics Hubs: East Coast Industrial Markets On The Move
In the past decade, eastern U.S. industrial markets have gained considerable market share of the collective national trade volume. U.S. West Coast (USWC) port dominance has been gradually eroding as U.S. East Coast (USEC) ports capture more and more eastbound transpacific container trade (Figure 1).
