Latest White Papers – Page 48
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White papersContinued Momentum
In this Q&A, Orhan Sarayli explains that although infrastructure debt is not immune to the current market volatility, the powerful tailwinds driving demand are stronger than any economic or political cycle.
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White papersEuro Credit management: what are the keys to success in volatile periods?
Donald Trump’s arrival in office brings uncertainty and volatility. His return to power and the standoff he intends to create with the United States’ major trading partners will heavily influence market sentiment in 2025.
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White papersWhy short duration bonds may offer attractive opportunities in 2025
There has been an increase in appetite for short duration bonds over the last three years. Short duration can be utilised to meet a range of investor outcomes. We expect short duration to offer more opportunities than further up the curve in 2025.
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White papersTariffs: What comes next for stocks, bonds and the dollar?
Given uncertainty around tariff policy, markets will likely continue to gyrate based on the developments of negotiations, along with the evolution of US monetary and fiscal policy.
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White papersSurging Tariffs Are Flipping the Chip Script
The global semiconductor supply chain is caught in a high-stakes game of musical chairs, with potentially surging tariffs setting the tempo and companies (and nations) scrambling to secure their spots.
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White papersTariff Impacts and Infrastructure Debt’s Resilience
Infrastructure debt provides investors with access to a defensive asset class with lower correlation to economic cycles than general corporate debt given the essential nature of infrastructure assets. Nevertheless, tariffs will have both direct and indirect effects on certain infrastructure investments. Economic infrastructure assets and projects under construction, where there is exposure to supply chain issues or increased costs, will feel the greatest effect of tariffs. Defensive assets such as contracted-power generation, regulated transmission and utility assets, and availability-based public private partnerships will largely be unaffected by the additional tariffs.
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White papersHarnessing the power of duration in global bond portfolios
Following the rise of global interest rates on the back of much higher inflation over the last few years, investors are now focusing on the expectation for lower official rates, as the tightening of financial conditions has spurred on central banks to start loosening monetary policy.
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White papersGreater efficiencies drive bond trading revolution
Bond trading capabilities have come a long way, especially in term of speed and scale. This is primarily down to two factors: the way fixed income dealing has evolved - through technical advancement and the onset of automation - and how bonds have matured and evolved as an asset class.
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White papersTrump has constraints – May macro and asset class views
April has been a month of extremes, but it is in extreme scenarios that we are learning what limitations Trump faces in his bid to reshape the US domestically, and in its relationship with the rest of the world. We think these constraints provide the market with some reassurance that the most negative tail-scenarios can be avoided, even though the economic outlook is set to deteriorate in coming months.
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White papersTrade war is clouding global growth
“Uncertainty on policy and tariffs, and weakening US economic growth call for a continued rotation towards regions such as Europe and selective emerging markets that may offer strong long-term opportunities.”
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White papersPrivate Assets likely to stay resilient during market turmoil
Market weakness started in late February, primarily driven by a valuation correction in the US tech sector and a de-concentration of most crowded stocks. This was amplified by declining sentiment amongst households, corporations, and investors.
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White papersHow understanding sentiment can help improve investment outcomes
Investor sentiment is an important factor when assessing the fundamental value of a stock. Analysing the sentiment of company management in an earnings call can give us valuable insights into the confidence and direction of corporate strategy.
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White papersSTS ABS: Opportunities and expectations for European insurance investment portfolios
A nascent market, the STS framework for investing in asset-backed securities (ABS) can offer European insurers an opportunity to invest in a robust, high-quality and scalable asset class to diversify their core fixed income allocations.
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White papersWill AI doctors disrupt drug commercialization?
AI and large language models are set to revolutionize drug commercialization, transforming traditional marketing and healthcare practices.
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White papersDefault Not in Our Stars
We don’t think tariffs will cause a major spike in high-yield and loan defaults, and that means current spreads and yields look attractive.
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White papersThe curious case of rising US Treasury yields
A number of factors are likely prompting the move.
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White papersAhead of the Curve: From divergence to convergence?
In our previous paper published in November 2024, one of the key themes was that the US and Europe seemed to be on divergent growth paths. Europe was becoming more fragile, both cyclically and structurally. Meanwhile, the US remained what we called a grower economy, benefitting from both cyclical and structural resilience.
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White papersMarket mayhem bolsters appeal of liquidity products
Uncertain times call for a different approach. With US$30.3bn inflows in the first week of April alone, we believe now is the right time for money markets to shine.
