Latest Manager Research – Page 349
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White papersTaming the Golden Geese (Without Killing Them)
After rising to the challenge of making lockdowns livable, technology firms and their investors face a trickier future than ever.
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White papersEuropean Real Estate: Where the Opportunities are Today
Barings Real Estate’s Valeria Falcone describes how COVID-19 has changed the competitive dynamics across European property markets, and highlights where the team is finding and creating value today.
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White papersA Strategic Investment Case for Core European Property
COVID-19 has devastated global economies, challenging existing paradigms for investors attempting to navigate uncertain times. While identifying investment opportunities is challenging given the dislocation to the economy and capital markets, we examine key attributes of core European real estate and ascertain that a strategic case can be made for its consideration in long-term investment portfolios.
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White papersCOVID-19: Caution is the playbook halfway through the year
More than half-way through what has been an unprecedented and eventful year, now is a good time to take stock of the state of the world economy. It is certainly fair to say that the COVID-19 pandemic is an exogenous shock most forecasters would have struggled to foresee and qualifies as a classic “black swan” event with a very long fat left tail.
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White papersPerspectives on Emerging Markets Investing
The first half of 2020 witnessed an unexpected shock that unsettled markets around the world and abruptly ended a 10-year, record-long expansion. Emerging market (EM) economies—profoundly distinct and at different stages of development—have weathered the COVID-19 storm better than expected, yet many face longer-term headwinds.
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White papersUsing the EU taxonomy as a guide to sustainable recovery
The current COVID-19 induced economic crisis offers companies a unique chance for genuine transformation.
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White papersCautious Consumers Await Fourth Fiscal Stimulus Bill
U.S. politicians will continue negotiating the next fiscal package. The July employment report will likely be weak due to rising uncertainty, cautious consumers, and greater restrictive measures. Meanwhile, next week’s BoE meeting is expected to strike a bearish tone.
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White papersA Summer Setback in Jobs Doesn’t Mean a Double-Dip Recession
The odds are rising that July will produce a poor employment report in the U.S. Nevertheless, as long as Congress delivers a fourth stimulus bill that continues to support the incomes of those out of work, the U.S. economy should be able to continue its slow recovery.
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White papersVulnerability to Default in Emerging Markets
While emerging markets sovereign defaults are at levels not seen since 2001 this year, rapid policy responses are helping to avoid the worst—furthermore, we believe the corporate default rate for 2020 could be lower than in 2009 or even 2016.
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White papersAEW Research Flash Report - July 2020
As a result of the Covid-19 pandemic, occupiers are reassessing their needs for office space as working from home has been implemented. On the back of the 2020 GDP decline, we forecast prime office rents to come down by nearly 10% this year. So far, in 2020 Q2 take-up is down over 20% and vacancy has ticked up by 20 bps from a record low of 5.4% in Q1 2020.
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White papersSDG Engagement Equity commentary: Brunswick
In April, EOS at Federated Hermes published a white paper – Investor Expectations for Global Plastic Challenges. This set out the scale and complexity of the problem and offered investors ways to engage with companies in three key sectors – chemicals, consumer goods and retail.
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White papersGlobal Investment Views – August 2020
As we enter the summer, conflicting forces in major equity markets have led to a period of temporary equilibrium between fear(risk of second wave, low bond yields, high gold prices) and greed (equities rallying as a result of economies reopening). The big question for investors now is: where do we go from here?
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White papersPublic Engagement Report Q2 2020
The Public Engagement Report highlights some of the stewardship activities undertaken by EOS at Federated Hermes on behalf of its clients over Q2 2020.
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White papersCredit investing in the coronavirus era: 360°, Q3 2020 - July 2020
What is our current view of fixed-income markets? And where do we see the best relative value? In our latest edition of 360°, Andrew ‘Jacko’ Jackson, Head of Fixed Income, and his team of specialist investors considers the areas that have the potential to deliver superior risk-adjusted returns.
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White papersAligning index-linked investing with the ‘Paris’ goals
More and more, investors in index-linked strategies are looking for portfolios of companies reducing their carbon footprint and avoiding companies with fossil fuel revenues or production. In accordance with EU aims for sustainable finance, strategies are now being adjusted to two new indices that are aligned with the ‘Paris’ goals. Isabelle Bourcier explains.*
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White papersFiorino: why bank debt investors should care about MDA
In this post of Fiorino, the blog where we aim to decipher complexity in global financials, we give our full attention to a typically complicated capital metric that investors need keep top of mind.
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White papersThe Case for US Equities in Global Portfolios
The post-pandemic market reality accentuates the attractiveness of the US stock market. Similar to the period after the Great Financial Crisis, we believe the medium-to-long-term landscape once again favors companies with records of large-cap secular growth, stability and defensiveness. These characteristics define a much higher proportion of the US market relative to the rest of the world resulting in what we believe may be a more optimistic outlook for US equities.
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White papersActive management to find yield in fixed income
Unprecedented monetary and fiscal measures by central banks and governments have installed a low-yield/low-volatility regime in developed bond markets. As investors search hard for yield, senior investment strategist Daniel Morris discusses the prospects for fixed income markets with Dominick DeAlto, chief investment officer fixed income.
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White papersInvestor Series: Private Assets for Insurers
Insurance investors face unique challenges in any environment but especially against today’s backdrop of continued low rates and a global economic slowdown. Barings’ Ann Bryant and Eric Lloyd discuss strategies for incorporating private assets as part of the solution.
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White papersPhysical Retail “Rumours of my death have been greatly exaggerated!”
The quote, attributed to Mark Twain when he read his own obituary in a newspaper, seems an appropriate comparison for media coverage of the retail sector. Whether stories about vacant shops in town centres, the death of the high street or tenants going into administration, all appears to be doom and gloom.
