Latest White Papers – Page 314
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White papersABS analysis: through the ESG lens
The drive to push environmental, social and governance (ESG) investing into the mainstream has dominated the asset-management industry in recent years. While the discussion on ESG in many asset classes is well progressed, to date there has been less focus on ESG in asset-backed securities (ABS). Beyond looking at the explicit environmental elements of green ABS, there has been little emphasis on assessing the social and governance factors within securitisation.
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White papersInvesting in an era of heightened risk velocity
For investors navigating current market conditions—an environment where a single tweet can change the market direction and momentum—it is not just the risks themselves that are challenging but also the elevated pace at which risks can move from peripheral threats to portfolio impacts. We call this “risk velocity.” This paper explores the primary drivers for this phenomenon and potential asset allocation implications.
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White papersA Tug Of War Between The U.S. Consumer & Everyone Else
The three things you need to know this week: Third quarter S&P 500 earnings expectations are in decline, the U.S. slapped new tariffs on EU imports and a new Brexit plan was announced.
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White papersWhat Do We Really Want From China? And What Can We Reasonably Expect?
Even an unexpected trade deal this week between the U.S. and China will not alter the trajectory of two alternate political, economic and social models coming to terms with each other as a fresh decade dawns.
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White papersCross Asset Investment Strategy - October 2019
Over the past few weeks markets have fluctuated between positive news around geopolitics (US-China trade talks, Italy and receding risks of no-deal Brexit) and not so good news around economic data (German recession, US manufacturing and Chinese slowdown). This led to a rebound in equities and a rise in core bond yields.
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White papersMachine Learning Optimization Algorithms & Portfolio Allocation
Portfolio optimization emerged with the seminal paper of Markowitz (1952). The original mean-variance framework is appealing because it is very efficient from a computational point of view. However, it also has one well-established failing since it can lead to portfolios that are not optimal from a financial point of view (Michaud, 1989). Nevertheless, very few models have succeeded in providing a real alternative solution to the Markowitz model.
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White papersAssessing Markets Where We Can Go On Offense
Global equities and bond yields are trending lower, and we maintain a relatively low-risk profile. But we’re always assessing where we can go on the offensive, and in this post we walk through our thinking on some of these opportunities.
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White papersAmplified: weaving the SDG’s into investment processes
The UN Sustainable Development Goals (SDG’s) are a universal set of goals, targets and indicators for global development. They have been called a blueprint for changing the world – but how? By ending global poverty, safeguarding the planet and aiming for prosperity for all – all by 2030.
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White papersDespite the rise of cross-border distribution, domestic funds continue to have a bright future
Unabated support and growth in Cross Border funds
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White papersStrategic Relative Value – Q4 2019
A quarterly look at how macro events are driving relative value around the globe.
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White papersSeptember Macro Dashboard
Global leading indicators ticked up slightly in August, but remain in contraction territory. While global growth has slowed, risks are tilted to the downside. The mounting toll of higher trade costs, decreased investment and dwindling confidence are weighing on growth.
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White papersForecasting Combination: An Application For Exchange Rates
This paper tries to forecast exchange rates by comparing forecasting methods that take into account cointegration and methods that do not. The first finding is that taking into account cointegration provides better forecasting results.
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White papers
Navigating Uncleared Margin Rules
CME Group offers bilateral and cleared solutions to help you comply with UMR, minimize impacts to your firm and add capital efficiencies.
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White papers
Low Touch Compression
Low Touch Compression is the next evolution in the compression process, delivering improved usability, user transparency and full automation together with API technology.
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White papersWhitepaper: A Great Time to Be Agnostic?
CME Group recently collaborated with Pensions & Investments (P&I) to survey the attitudes and allocation preferences of today’s institutional investors, given the current market environment and the use of alternative investment strategies.
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White papersBrexit: Extension Of The Deadline Is Likely, But The Final Outcome Remains Uncertain
Recent developments and next steps: Early this month, the UK Parliament passed a motion instructing the Prime Minister (PM) Boris Johnson to request an extension of the Brexit deadline by 19 October, and rejected the PM’s request for elections before 31 October (the current Brexit deadline).
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White papersFrench Pension Reform (An Update)
At the time we were writing the Thematic Paper entitled “French Pension Reform: A Trojan Horse for Better Control of the State Budget?”1, the financial sustainability of the French pension system looked certain. Since then, the government has set a new savings goal, with the aim of achieving financial equilibrium by 2025, and in doing so has prematurely ejected from its Trojan horse… This adds a whole new challenge to an already high-risk reform.
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White papers
Equities: Is it Time for Dividends to Come Back in Style?
In the latest episode of Streaming Income, Darryl Lucas, Head of Equity Income, provides insight into how the Barings team seeks to capitalize on the power of compounding dividends while aiming to lower risk in the process.
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White papersImpactful intent: RPI report 2019
In 2018 we launched the Hermes impactful intent framework as part of our commitment to deliver positive societal and environmental outcomes alongside strong risk-adjusted returns. In our 2019 responsible property investment (RPI) report, we consider how our holistic approach to real-estate investment has created healthier workplaces and helped bring the ‘meaningful city’ concept to life.
