Latest White Papers – Page 102
-
White papersThe lost art of credit analysis in buy and maintain management
As we move into the later stages of the credit cycle, effective risk management within core fixed income portfolios is an increasingly pertinent issue for insurance companies. With corporate balance sheets under increasing pressure, traditional buy and maintain credit management strategies are being tested for the first time, placing increased focus on the benefits of a more active approach to long-term credit allocations.
-
White papersCollectors vs. Selectors: How (& Why) Direct Lending Business Models Are Diverging
Direct lending deals are getting bigger—but arguably, the most compelling relative value (still) lies in the traditional or “true” middle market.
-
White papersEM Local Debt: Is the EM-U.S. Disconnect an Overlooked Opportunity?
Emerging markets have become increasingly out of sync with the U.S. in terms of inflation and economic growth. Markets are ignoring the disconnect, which could spell an opportunity for investors.
-
White papersFour Themes Emerging in Life Insurers’ Asset Allocations
Life insurers are continuing to move toward less liquid securities—which provide the potential for yield enhancement—while simultaneously de-risking from a credit perspective.
-
White papersEquity rally shifts to Emerging Markets
“Emerging markets offer opportunities in regions such as Asia, led by strong economic growth, domestic demand and favourable geopolitics.”
-
White papersBiodiversity Equity, Interim Report, 2023-4
In the latest report from our Biodiversity Equity team we consider the ‘secret sauce’ that goes into picking biodiversity champions. Is it always the most obvious names that make the grade?
-
White papersEngagement case study: Goodyear
In recognising the significant climate upstream risk in purchased goods and services, including rubber procurement, we engaged with Goodyear on how this would affect its climate impact and ability to meet its targets.
-
White papersHow are UK asset owners repositioning fixed income portfolios?
We surveyed 100 fixed income asset allocation decision makers at public and private pension schemes, OCIOs, insurers, endowments and foundations between February and March 2024. We captured their thoughts on a range of topics including the fixed income market environment, intentions and attitudes to credit markets and to emerging market debt, plus thoughts on active management.
-
White papersFixed Income Horizons Survey 2024
The Capital Group 2024 Fixed Income Horizons Survey captures the views of 100 UK asset owners, including pension funds, OCIO providers, insurers, endowments and foundations. The quantitative survey was conducted by CoreData Group during February and March 2024. This report also includes insights from a series of in-depth qualitative interviews with senior investment leaders at UK asset owners. The questions were focused on respondents’ asset allocation views and attitudes to different areas of fixed income markets.
-
White papersThree investment ideas from earnings season
Quarterly earnings for most companies in the S&P 500 Index have exceeded expectations. Businesses continue to cut costs, pass on price increases to consumers and find new areas of growth.
-
White papersInvesting in a digital tomorrow: Gaining technology-agnostic exposure to technology megatrends
Digital infrastructure such as data centers, fiber networks and mobile towers provide the backbone that supports many of the technological innovations that are happening. A few years ago, these investments only accounted for a small portion of the global infrastructure deal flow. They have now grown into one of the largest infrastructure sub-sectors, with over USD 600 billion of investments in the last 4 years
-
White papersWhy Almanac Prefers Real Estate Platforms
In this interview Wouter Klijn from i3 (Australian institutional publication) speaks with Matthew Kaplan and Justin J. Hakimian. They discuss how when investing in real estate, you can’t take people and their motivations out of the equation.
-
White papersThe Equity Breakdown: Parsing the Key Debate in Five Sectors
Five of our senior equity analysts weigh in on the crucial conversation in each of their sectors.
-
White papersThe Structural Trends, Whoever Wins
Positioning for geopolitical shocks or election results is difficult, but we think the resulting structural trends are easier to identify and prepare for.
-
White papersDeconstructing Opportunities in IG Credit
Amid narrow spreads, a focus on sector and credit research and a willingness to take tactical positions could help to capitalize on potential dislocations across the U.S. investment grade credit universe.
-
White papers360°, Q2 2024: Can strong technicals lead to stronger fundamentals?
2024 has, so far, been broadly defined by idiosyncratic events, volatility and dispersion. For that reason, in our latest 360° report, our credit team emphasise the importance of credit selection from here.
-
White papersMaking the most of your cash: demystifying the money markets
As a key beneficiary of the current economic backdrop, money market funds can provide a low-cost way to earn a return on cash. In this paper, we outline what the money markets are, how to access them and why investors should consider using them to make the most of their cash.
-
White papersEmerging Market Green Bonds - Report 2023
Sustainable finance, the capital market used by borrowers to fund projects and initiatives with sound environmental and social credentials, is booming in developing economies.
-
White papersUK Real estate – Overview Q1 2024
Total returns for the UK commercial property market turned positive in Q1 2024 with the MSCI UK monthly index recording a return of 0.6% (0.3% on a 12-month basis to March). Retail was the best-performing sector with a total return in the three months to March of 1.5%. Offices continued to struggle and were the only sector to register negative total returns in the first quarter, coming in at -1.4%.
-
White papersFixed income: What’s the issue with the new issue premium?
Amid surging demand for investment grade (IG) corporate bonds, the new issue premium typically offered by companies turned negative in the first quarter of 2024. This comes as investors seek to lock in higher yields before potential central bank interest rate cuts and demonstrates the weight of capital seeking to enter the market.
