Latest Manager Research – Page 438
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White papersThe UK’s demise is overstated
UK equities reached all-time highs in 2017, but relative to world stocks (in US dollar terms) they were laggards.
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White papersJapan: three reasons for a positive outlook
In recent weeks we further raised our allocations to Japanese stocks, with near-term catalysts.
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White papersAsia Real Estate Market Outlook: January 2018
In 2018, the regional output from Asia Pacific should follow a similar pace of growth at 4.8% y-o-y, versus the expected growth from Europe at 1.9% y-o-y and from the US at 2.5% y-o-y.
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White papersDemand for industrial real estate could rise further as manufacturers 're-shore' production
April 30, 2011 – the day after the Royal Wedding. As the UK recovered from the street parties (and a fair few hangovers), Zara’s factory workers were just getting down to work. Kate Middleton stepped out for her first post-wedding photo shoot in a blue Zara dress launched earlier that year and, naturally, the garment sold out within 24 hours.
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White papersClean Growth Strategy
The strategy sets out that clean growth is to be achieved through significant investment into the innovation of energy efficient technologies (£2.5 billion between 2015 – 2021) and importantly from the review, development and reform of UK policy and legislation.
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White papersHow did the UK market exceed all expectations in 2017, and can we expect more of the same this year?
If any UK property market forecaster had stood up at the start of the year and predicted that in December we would be debating whether the market will quite hit double digit returns for the year, not even the most bullish observer would have taken them seriously.
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White papersAre affordability pressures starting to bite in London?
Are business rate hikes in London starting to hurt retailers?
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White papersCross Asset Investment Strategy: January 2018
Investors have enjoyed a quiet year in 2017, with few bumpier spots, overall record-low volatility and nice returns. Moving into 2018, the temptation for risk assets is still high.
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White papersThis Month's topic: CSPP leading the late phase of ECB QE
The ECB has already started “tapering” less corporate purchases than other programmes since April 2017, the month which saw the reduction from €80bn to €60bn of monthly purchases.
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White papersGlobal Market Outlook for 2018: An End or a Beginning?
2017 was a particularly strong year, with broad growth and low inflation creating an almost perfect environment for equity investors.
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White papersTop Ten Real Estate Questions for 2018
A concise view on the key questions facing the real estate investment market in 2018
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White papersGlobal Investment Views: January 2018
Investors have enjoyed a quiet year in 2017, with few bumpier spots, overall record-low volatility and nice returns. Moving into 2018, the temptation for risk assets is still high. The economic environment remains strong.
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White papersKeep Up The Momentum
The momentum risk premium is one of the most important alternative risk premia alongside the carry risk premium. However, it appears that it is not always well understood.
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White papersAdding Science to the Art of Active Management
Most investors understand that equities and bonds have a fundamental value – an anchor or a centre of gravity to which price should typically converge over the intermediate- to long-term.
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White papersOutside the financial sector, levels of indebtedness remain high
The story of the financial crisis of 2008 was largely the story of debt. A growth in demand for fixed-income products combined with lower underwriting standards of loans disguised the levels of risk eventually causing the collapse of one investment bank and balance sheet crises’ in many more.
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White papersChancellor delivers another tax change with potentially major implications for UK Commercial Real Estate
With changes to first time buyer stamp duty grabbing the headlines as “Box Office Phil” actually lived up to his ironic nickname, a tax change with potentially significant implications for the UK commercial real estate market has slipped under the radar somewhat.
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White papersThe case for infrastructure debt
The infrastructure market has evolved from a bank-dominated market less than 10 years ago, to one with a growing institutional investor presence. The fundamental drivers are regulatory change and the search for yield.
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White papersResearch Blast: A comparison of capital markets dynamics between Italian and Spanish real estate markets
Recent trends in real estate capital markets in Italy and Spain
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White papersMegatrends and disruptions: Consequences for asset management
The asset management industry has to face three different types of challenges.
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White papersItaly: back to growth
After underperforming against its peers for two decades in macroeconomic terms and following the deepest double-dip recession in its history (in 2008-2009 and in 2012-2013), the Italian economy is growing again, partially thanks to the strong, synchronised growth seen across the Eurozone, but also partially due to some structural improvements that have boosted competitiveness.
