Latest Manager Research – Page 435
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White papersDara J. White: Emerging Markets Outlook for 2018
Emerging markets have previously performed well in periods of rising rates, so while the macro dynamics from the US and elsewhere could be seen as a threat, they shouldn’t necessarily blow EMs off course.
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White papersNeil Robson: Technology and demographic trends in 2018
The pace of technological change is one of the key themes of recent years, and many believe it has now grown to such a point that many believe the sector is overvalued.
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White papersDiversification: Friend or Foe? What are the Benefits and Costs of Diversification in Real Estate Portfolios?
While the importance of diversification is well known, the answer to the question of exactly how much diversification is appropriate for a real estate portfolio is not necessarily obvious.
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White papersCo-Working Space: The Future of Office Demand?
Though by no means a new sector, the serviced offices sector is undergoing a period of significant growth and evolution.
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White papersLuxury Retail Real Estate: Poised for Growth or Close to The Limit?
The retail real estate sector is increasingly polarised. Rents have stagnated or declined in secondary shopping centres and high streets since the global financial crisis.
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White papersThe Case for European Long Lease Real Estate: Contributing to More Certain Investment Outcomes
In today’s low yield world, high quality assets generating predictable income streams with inflation-linked uplifts are highly prized by investors.
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White papersThe UK Property Paradox: Both Cheap and Expensive
Real estate prices follow a cycle driven by a broad range of inter-related factors in occupier, development and lending markets as well as in the broader economy. An understanding of the cycle is especially important in a long-run asset class such as real estate.
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White papersCities of the Future: Europe
Given its nature as a long-term asset class, it is important that real estate investors have an understanding of structural drivers of growth and major shifts in the sources of growth. The rising importance of the knowledge-based economy is one such shift that is of considerable importance for the outlook for city office markets.
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White papersGerry Frewin: Generating a consistent income from bricks and mortar in 2018
The UK market has continued to benefit from sustained investor in-flows.
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White papersIn Credit: A journey beginning with a single step?
The long journey to policy normalisation in Europe began last week with a barely perceptible step.
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White papersCross Asset Investment Strategy: March 2018
The volatility spike in February is, in our view, a clear wake-up call for investors, and the market correction has partly removed the complacency that characterised financial markets in the last few months.
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White papersECB: Still dovish, but fixed income investors should be ready for a new phase
What are your views on ECB policy going forward?
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White papersReaction: Italian election
The Italian election result looks messy, but we do not believe that the chances of Italy leaving the eurozone have gone up materially.
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White papersAsset Allocation Update: New year, evolving views, same growth aims
As we move into 2018 we have spent some time evaluating the work we performed last year, as well as revisiting our current asset allocation positioning.
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White papersResponsible Investment Quarterly: Q4 2017
On the heels of two good years in the bond market, the best days for fixed income are likely behind us.
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White papersUS Mall REITS: Diverging paths and changing tides
A review of the last 10 years in the US mall sector shows the diverging paths of high-quality mall operators versus their lower-quality peers. Ironically, under the strain of rapidly-changing market forces A-malls (malls that generate sales per square foot over $400 per annum) have emerged in even stronger shape than has been the case historically.
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White papersUK industrial property – A safe haven?
The industrial sector makes up a relatively small, but growing, part of the UK’s commercial property market. Once dominated by manufacturing, the increasing importance of distribution has transformed the sector over the past 20 years, and investors have increasingly focused on efficient supply chains and the requirements of online retailing as the major drivers behind growth and future development.
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White papersIn Credit: Sentiment and reality
Core government bond markets continued to improve for a second week with yields lower, especially in Europe and the UK. Italian government bond spreads, however, were wider on election uncertainty.
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White papersComplex Italian election outcome should not threaten the positive European story
The electoral outcome (the very positive result of Five Star Movement, now the largest party, and of the Lega Nord in the center right coalition) was not priced by the market.
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