Latest White Papers – Page 350
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White papersNew Fed Chair: continuity but looser regulation
What is your view on the new Fed Chair, Jerome Powell, nominated by President Trump?
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White papersA dovish ECB supports the credit market
What are the main messages coming from October ECB’s conference?
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White papersEuropean renaissance: The case for a selective approach
In our view, the concept of a “European renaissance” reflects the current phase in which multiple positive dynamics are unfolding in Europe.
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White papers
US proposed tax cuts in its impacts on Corporate profits
The US president has just announced its eagerly awaited tax reform. Since American stocks have become very expensive, we have focused on what could impact the earnings of listed companies.
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White papersAbe wins: a boost for Japan
The Liberal Democratic Party (LDP) reported a landslide victory in the Lower House election, taking advantage of fragmenting in the opposition parties.
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White papersCross Asset Investment Strategy: November 2017
After a less than thrilling summer, since September, equity markets have been relatively immune to news flow on the geopolitical front, despite North Korea’s nuclear threats and the crisis regarding Catalonia, which remains broadly unresolved.
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White papersGlobal Investment Views: November 2017
After a less than thrilling summer, since September, equity markets have been relatively immune to news flow on the geopolitical front, despite North Korea’s nuclear threats and the crisis regarding Catalonia, which remains broadly unresolved. We see two main reasons for the uptick in equity market performance:
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White papersHow the ECB’s quantitative easing transformed the European sovereign bond market
On 26 October, the ECB will announce a reduction in the pace of its asset purchases beginning in 2018, with a very likely phase-out of the purchases by the end of the year.
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White papersWhy Catalonia crisis should not trigger a market risk-off
We continue to firmly believe that Catalan independence will not happen.
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White papersTracking Down Income in Emerging Markets
Humans use mental maps to make complex problems easier to solve. At the most literal level, we navigate a familiar city using our stored memory of its features. We can reach our objective safely and efficiently because we know the streets and districts, and the hazards and opportunities we may encounter en route. Cities change, of course, but too slowly for our mental maps to let us down.
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White papersOpportunities hidden in Emerging Market Debt can add bite to investors’ portfolios
Emerging markets (EMs) have delivered world-beating returns in recent decades, especially for those who have invested wisely. Picking the right assets in EM economies has yielded compelling returns for those willing to look for them.
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White papersInflation: the good, the bad and the ugly
Global inflation is heating up. According to the International Monetary Fund, the global consumer price index (CPI) is expected to rise from its recent 2015 low of 2.8% to 3.5% in 2017 and then hover around this level for the next five years.
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White papersIn Emerging Markets - If you like growth, buy value
Emerging markets are often lumped together under the acronym ‘GEM’, or global emerging markets. In reality, this is not a homogenous mass of similar companies trading at similar valuations.
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White papersHomegrown Expertise In Emerging And Frontier Markets
Coronation Fund Managers is one of the largest managers of institutional assets in Southern Africa, with a track record of delivering strong long-term returns.
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White papersHigh yield: beyond the obvious
Credit research has long been the mainstay of active high yield investment. While clearly important, we believe that it should not be used in isolation.
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White papersEmerging market investing – Why do we do what we do?
Over that time, the philosophy underpinning what we do hasn’t changed. We’ve always been active, always focused on growth and never allowed ourselves to get bogged down in short-term earnings estimates or price targets. Here, we revisit the evidence backing our investment philosophy as we ask ourselves, why do we invest in EM equities in the way that we do?
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White papersEmerging Market Debt Ratios – Opportunities And RiskEmerging Market Debt Ratios – Opportunities And Risk
In general, emerging market governments learned important lessons from the crises of the 1990s, resulting in a more cautious approach towards fiscal excesses and external debt exposure, as seen for example in Turkey, the Philippines, Indonesia, Mexico and Brazil. That allowed emerging markets as a whole to better weather the 2008/9 global financial crisis, while developed market peers faced a strong jump in debt/GDP ratios.
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White papersAgeing Population: when a major demographic trend becomes an investment opportunity
At Generali Investments we believe it is important to focus on relevant structural trends and investment themes, presenting a growth potential that is largely driven by real economy factors.
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White papersContemplating the death of ‘Abenomics’
Prime Minister Shinzo Abe’s popularity has diminished after being caught up in a series of scandals. While we believe that Abe is most likely to remain in power, we will be watching his approval rating closely.
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White papersWhy multi-asset strategies suit a changeable world
For the past 35 years, a ‘set and forget’ strategic asset allocation has worked well. A typical 60:40 asset mix of equities and bonds had around the same volatility as a pure 100% bond portfolio, but with a better return. It is not likely to be as fruitful moving forward.
