Latest Manager Research – Page 410
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White papersInnovative factors provide leading edge – on the potential of alternative data
An active, factor-based strategy focuses on tapping into new sources of data, on identifying relevant information and how to intelligently combine such information. Within this context alternative data – texts, images, or audio files – is becoming more important for the investment process, and regarding additional analytical value. At the same time, comprehensive and swift analysis requires state-of-the-art technology and plenty of experience.
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White papersFX Leadership
Can the U.S. dollar maintain its leadership of global currencies amid a decelerating economy and the China trade war elevating risk in the United States?
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White papersAn alternative to traditional euro credit management: a smart beta credit approach incorporating ESG criteria
How should we approach bond management as the end of a bull market cycle un- precedented in terms of its size and duration begins? Over the past two decades, bond portfolios have been boosted by the steady fall in interest rates. This has reduced the importance of bond selection – all investors have needed to do to prosper has been to increase their portfolio’s duration and its exposure to credit risk and less liquid assets.
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White papersInsurers Need High-Tech Solutions in a Low-Liquidity World
Liquidity has become a precious commodity in fixed-income markets since the global financial crisis. Post-crisis regulations have made broker-dealers reluctant to warehouse large risks on their books, which in turn has made it more difficult for insurers and other institutional investors to trade large blocks of bonds quickly and efficiently.
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White papersStrategic Relative Value Q1 2019
A quarterly look at how macro events are driving relative value around the globe.
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White papersAmplified: What key themes will we engage on this year?
Investors can play a powerful role in tackling global challenges, such as climate change or human rights issues, by engaging with companies. But how can we ensure our efforts have the maximum impact?
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White papersThe U.S. Yield Curve inverted, now what?
On March 22, 2019, the U.S. yield curve briefly inverted, with the difference between the three-month and 10-year yields turning negative for the first time since August 2007.
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White papersInside Real Estate: REITs provide stable growth late in the cycle
On the ground real estate fundamentals are supportive of a steady, balanced growth outlook for REIT earnings on average. Growth across sectors, countries, or companies can be quite divergent of course.
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White papersPersistence And Skill In The Performance Of Mutual Fund Families
Prior research has shown that decisions made at fund family level can account for a substantial portion of the performance of the individual active fund managers in the family.
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White papersOptimal Allocation in the S&P 600 under Size-Driven Illiquidity
A number of empirical studies have investigated how mutual funds do react to incoming financial resources. As long as liquidity constraints are narrow, fund managers tend to upscale already existing positions without looking for new investment opportunities.
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White papersDesolate Spanish farmhouses tell you much about the European property market
Drive through Spain’s interior and you will be captivated by its starkly beautiful landscape. There is, however, a sense of desolation about it. The crumbling broken walls of abandoned farmhouses tucked in amongst the almond groves and pine plantations, and the deserted streets of ancient villages are testament to one of the most powerful demographic forces at play today.
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White papersGlobal Investment Views: A sweet spot, but keep a sharp eye on the macro side
Risky assets have been in a very strong uptrend since the beginning of the year. The key question now is, where do we go from here? There are two main driving forces to focus on in the current context.
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White papersGlobal Investment Views - April 2019
A sweet spot, but keep a sharp eye on the macro side
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White papersDebt Ceiling Back in Play
The twin threat of a technical debt default and potential government shutdown could resurface later this year, likely affecting equities and Treasuries.
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White papersSome great companies and attractive valuations offer opportunities in Europe
Following strong performance in 2017, European markets retreated in 2018 – a sell-off that was markedly similar to the 2015-16 downturn, when industrials, miners, banks, commodities and emerging markets plummeted by 30% or more
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White papersRiding the shared economy wave
Pioneers of peer-to-peer economies such as Uber and Airbnb are changing consumer behaviours and disrupting industries from travel to finance. There will be winners and losers
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White papersLessons from a decade of bank bailouts
Both the US and the UK moved fast to clean up bank balance sheets – Europe, however, delayed and so will face the next downturn from a weaker position
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White papersEurope’s ‘shrinking state’ offers investor opportunities
Private sector efficiency can result in a good deal for both the public and investors
