Latest White Papers – Page 349
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White papersReal assets: what contribution to asset allocation, especially in times of crisis?
Sacrificing some portfolio liquidity can be profitable. Ultra-low bond rates, equities that are highly volatile and thus sometimes seen as too expensive, the search for yield and the search to capture a liquidity premium are all pushing institutional investors toward the unlisted or «real asset» universe.
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White papersCIO Insights: Four investing paradigms for an era of regime shifts
In a market environment characterised by disruptive trends and possible regime shifts, asset managers need to evolve and to enhance their capabilities to understand, measure and factor these new trends into investment processes.
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White papersCross Asset Investment Strategy: December 2017
We believe 2018 will mark the transition from a full-speed reflationary phase, directional and bullish for risk assets (both credit and equities), towards a late phase of the financial market cycle. This could have far-reaching consequences for investors.
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White papersThe "new normal" turned into the old normal: Our economic outlook for 2018
In this year’s global economic outlook we examine the outlook for the United States and the rest of the world, ask if the coming fiscal stimulus in developed countries could boost this expansion even further, try to shed some light on how central bank attempts to normalize monetary policy might impact the stock market, and investigate the asset class implications of this cyclical upturn and of less-accommodative monetary policy.
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White papersA view on small and mid-cap equities moving towards 2018
The late-recovery is now broadening to all countries in Europe and their GDP components.
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White papersA guide to the Middle East jigsaw
We think that recent events in the Middle East – in particular, the night of the long knives in Saudi Arabia and the resignation (then retracted) of Lebanese Prime Minister Saad Hariri – are pieces in the same jigsaw puzzle: the attempt to redraw political boundaries and delineate new geopolitical equilibria in the region.
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White papersRisk Parity: Does One Size Fit All?
Investors worried about the next market downturn are searching for unique ways to diversify their portfolios, and risk parity, a risk-based multi-asset strategy, continues to be an area of interest.
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White papersFloaters in Alternative Credit will help keep portfolios buoyant
The future is looking less certain for investors, also in fixed income. After a bull run lasting more than three decades, the prospect of western economies winding down quantitative easing and normalising their monetary policies creates the prospect of a more challenging, rising rate environment.
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White papersShared Thinking: In Pursuit Of Positive Skew
There are significant benefits to steering portfolios towards an improved skew in their profile of returns.
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White papersThe covariance matrix between real assets
For assets that are sparsely traded, the time-variance of prices is of limited interest. It is more meaningful to compute price variance across assets and use that as an indicator of investment risk.
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White papersAnalysing the Exposure of Low-volatility Equity Strategies to Interest Rates
At the dawn of a potential rise in rates triggered by Central Banks in both Europe and the United States, doubts are being raised about the ability of low-volatility portfolios to continue to deliver robust performance.
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White papersCHINA: 19th party congress and beyond
What are the key takeaways from the 19th Party Congress?
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White papersFollow the Earnings to Emerging Equity Stars
Emerging market equities have had a great run recently. But don’t buy EM stocks indiscriminately. Focus on company earnings over macroeconomic trends to find stocks that have stronger return potential with reduced risk.
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White papersThe Science and Art of Multi-Asset Investing
Generating consistent returns under uncertain conditions is a challenge. Can multi-asset strategies make the job a little easier? We think so. But a lot depends on how they’re designed.
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White papersBond Market Prepares for QE in Reverse
After a relatively quiet third quarter, bond markets are ripe for some volatility and bigger waves as major central banks begin to unwind quantitative easing. For global bond investors, that could lead to new opportunities. But for now, with valuations in many sectors stretched, it pays to be selective.
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White papersWhat is in store for investors after the German government talks collapse?
There is still a possibility that a coalition will be formed, although it will take time.
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White papersVenezuela on the edge of the cliff: let's be cautious
President Nicolas Maduro recently announced the Republic of Venezuela’s intention to restructure all foreign debt, thus recognising the country’s current debt load as unsustainable.
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White papersGenerating social alpha without sacrificing investment returns
In recent years, European investor engagement with Responsible Investment (RI) has gathered momentum. Some of this growth could be a result of the open and proactive attitude to RI among European policymakers and institutions. But impact investment has also soared in popularity as European investors have begun to consider the effects of their invested capital more deeply.
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White papersEuropean social bond strategy
A European credit strategy with an innovative social focus that unlocks the full potential of corporate bonds to deliver both financial and social returns.
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White papersThe Bank of England raises rates: Bearish for the pound
The Bank of England (BoE) raised rates for the first time in more than a decade and the pound dropped. What is your reading of this?
