Latest Manager Research – Page 416
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White papersIs the real estate market gearing down?
The one question José Pellicer fields wherever he goes is, “Where exactly are we in the property cycle?” As Head of Research at PATRIZIA, José has a prompt response
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White papersTime to increase risk exposure: start with emerging markets and credit
The excess of pessimism at the end of 2018 resulted in a sharp decline in financial markets and renewed volatility. According to our analysis, market participants priced in twice the slowdown risk that economic fundamentals justified.
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White papersImpact investing: solutions for people and planet through alternatives
Impact investing is growing rapidly, with rising demand for strategies that go beyond traditional risk reduction approaches to produce direct benefits for people and the planet.
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White papers2019 Outlook: Expect a tougher climb
Slower growth. Rising rates. More volatility. 2019 looks to be a year that could be challenging for investors. Yet we believe the markets offer a range of opportunities, and we are finding a number of investment ideas for our clients.
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White papersTen predictions for 2019: Choppy and frustrating, but no recession
Making predictions is a dicey proposition. In the many years I’ve been making my annual market predictions (more than I’d care to admit), I usually have a clear sense about where things are headed. But 2019 seems to be a tougher year to forecast. In fact, I think it would be pretty easy to make either a bullish or bearish case for the stock market over the coming 12 months.
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White papersEconomic and Property Overview: Q4 2018
GDP growth moderated in the final quarter, after a strong summer; output grew by 0.3% for the three months to November, down 30bps on Q3. As expected, the service sector accounted for the largest share of growth adding 0.24 percentage points, the construction sector also contributed to GDP growth, while the production sector knocked 0.12 percentage points off growth owing to weak activity in the manufacturing sector, which suffered the longest period of month-on-month output falls since the financial crisis.
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White papersGlobal Investment Views - February 2019
After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.
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White papersData infrastructure: an infrastructure or private equity play?
As the lines between infrastructure and private equity become increasingly blurred, the question of categorization - while topical - becomes more trivial. A more relevant consideration is to understand the risks around the cashflows of data infrastructure assets to ensure that the returns are commensurate.
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White papersFocus on real asset investing - Income secured on real assets
Investor allocations to real assets are growing, attracted to tangible stores of value and the potential diversification of risk exposure. Real assets and debt secured on real assets can generate attractive long-term income from tenants or operations, with a high degree of security due to contractual terms. ...
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Investment Grade Credit—Rates, BBBs and ABS
From inverted yield curves to potential BBB downgrade risk, Barings’ David Nagle discusses some of the key challenges facing investors in the IG markets today.
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White papersGreen bonds: A viable asset class?
The global green bond market has been growing rapidly in size and importance in the past five years to meet strong investor demand
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White papersBrexit Deal Voted Down: What Happens Now?
Developments and scenarios ahead: The Brexit deal defeat in Parliament was expected, but the size of the loss was not – the result of 432 votes against versus 202 for was quite a surprise. In light of the larger-than-expected scale of the defeat, we have revised upward the probability of a no-deal Brexit (20% vs. 15% previously).
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White papersThe Changing Face of Investment Grade Credit
In a recent interview, David Nagle, CFA, portfolio manager in the Investment Grade Fixed Income Group, discussed the investment grade credit market, including some of the issues garnering headlines recently and how the market has evolved through the years.
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White papersESG: The foundation of responsible infrastructure investment
Today when we think about sustainable infrastructure investment, we mainly tend to associate it with renewable energy. And yet renewable energy is only one of the cornerstones of a responsible infrastructure debt investment portfolio. Investors seeking to diversify their infrastructure portfolio would do well to look beyond renewable energy assets by also considering the many other increasingly crucial environmental, social and governance topics to find best-in-class investment opportunities.
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White papersSocial Infrastructure: A dual return asset class
Social infrastructure projects, such as hospitals, schools and community centres, may be attractive assets for institutional investors seeking to make both a market rate of return and an impact return, which is the measurable improvement on environmental and community related aspects. However, this dual return focus requires managing the social and environmental impact of an in- vestment while also managing for market-rate financial returns.
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White papersA recap of 2018 | Perception, demographics, technology
Innovation covers a wide range of topics that shape views of future investing. We addressed some of these concepts in our 2018 Innovation Series. We recap on these papers in this annual summary.
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White papersIs Government Shutdown a Prelude to Debt Ceiling Debate?
The economic impact from the partial government shutdown is expected to be minimal, but the markets will take notice if the debt ceiling becomes an issue.
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White papersInvestment Perspectives For A New Regime Of Returns
After two years of positive performance across the board, with almost no asset class in negative territory, 2018 is marking a change of direction, with an unprecedented percentage of asset classes in red. This may cause a sense of uncertainty among investors facing uncharted waters ahead.
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White papersThe Alpha And Beta Of ESG Investing
With the rising awareness around ESG issues worldwide, institutional investors have started to massively look into responsible investment. The latter has grown substantially in Europe and in North America in the past 5 years.
