All Multi-Asset articles – Page 12
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White papers
Multi-asset allocation views: Uncertainty clouds the outlook for European assets
Sunil Krishnan considers whether Europe can break out of its economic malaise and the factors investors should watch out for in 2020.
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White papers
Five Multi-Asset Strategies for 2020’s Challenges
The last decade produced great performance across most asset classes. But in the 2020s, we expect investment market returns will be lower and risk harder to manage. Looking forward, a disciplined multi-asset approach will be especially valuable to identify opportunities and help mitigate setbacks.
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White papers
Multi-asset allocation views: The pros and cons of higher-yielding fixed income
Sunil Krishnan asks whether higher-yielding fixed income assets remain good diversifiers for multi-asset portfolios in the current environment.
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White papers
Multi-asset allocation views: Could Japan outperform other equity markets?
Sunil Krishnan argues that low expectations among domestic and global investors are reflected in Japanese equity valuations, creating an opportunity for the asset class to play catch-up with the rest of the world.
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White papers
Harnessing the illiquidity premium
There is a general consensus that an illiquidity premium exists and the benefits of investing in illiquid credit are well understood. Yet illiquidity constraints create risks and restrict the ability of investors to react quickly to market movements. In order to harness the illiquidity premium while remaining mindful of the inherent risks, investors need to challenge assumptions about current liquidity conditions and maintain flexibility and an open mind.
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White papers
Cross Asset Investment Strategy - November 2019
CIO Views - Limb for markets will not last forever
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White papers
Barometer: Struggling for inspiration
European stocks are a bright spot in an otherwise uninspiring equity market.
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White papers
Building Your DGF for the Journey Ahead
Too many Diversified Growth Funds (DGFs) have left UK investors disappointed with performance. In this paper, we show how a DGF can be designed with clear objectives, constructed using guidelines that are genuinely outcome-oriented, and then managed to achieve its objectives.
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White papers
Four charts that show why “old tech” might surprise income investors
What happens when tech grows up?
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White papers
Is oil’s relationship with energy stocks slipping?
Our chart of the month shows that the link between energy stocks and oil appears to be on the slide. What’s happening?
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White papers
Should Markets Heed Recession Warnings?
How are fundamentals? Ed Perks, our CIO of Multi Asset Solutions, describes the backdrop for the US remaining relatively strong.
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Asset Manager News
Asset Allocation Update - MAY 2019
Cash flows and discount rates have moved in opposite directions over the past six months, and discount rate moves have triumphed. Take the year so far. Equity cash flows, proxied by earnings growth expectations1, have weakened across each major equity bloc or region, shifting horizontally to the left in Figure 1. Yet stock market returns have risen – moving up vertically – apparently shrugging off the weaker cash flow picture.
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White papers
Video: Reflecting on six years of Multi-Strategy Credit
As the strategy hits a key milestone in June, Fraser Lundie, Head of Hermes Credit, looks back on how Multi-Strategy Credit has fared in challenging markets since inception.
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White papers
The five practical issues of incorporating ESG into multi-asset portfolios
We discuss the five practical issues asset owners need to address when implementing a sustainability budget for environmental, social and governance (ESG) considerations in multi-asset portfolios.
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White papers
Delta: the beginning of the end, or the end of the beginning?
Are we experiencing the final late-cycle surge in credit markets, or is there more distance left to run? Alternatively, do low policy-rate peaks in heavily indebted economies signal the beginning of Japanification in the US and Europe?
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White papers
Italy: no short-term confrontation with the EU, but uncertainty in the mid-term.
In the new forecasts for the 2020 budget and beyond from the Italian government (from the latest economic blueprint, of 9 April: “The Stability and Growth Path, SGP”), its economic projections come much closer to consensus than previous ones, pointing to weaker GDP growth.
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White papers
Central Banks Support A Sharp Market Rebound
Markets transition from a momentum-driven to a range-trading environment.
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White papers
Global Investment Views: A sweet spot, but keep a sharp eye on the macro side
Risky assets have been in a very strong uptrend since the beginning of the year. The key question now is, where do we go from here? There are two main driving forces to focus on in the current context.
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White papers
Slower Growth - Equity Caution Quarterly Allocation Views
Allocation Views features the Franklin Templeton Multi-asset Solutions team recurring updates about the themes and investment theses driving their asset allocation frameworks.
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White papers
Cross Asset Investment Strategy - March 2019
If an investor had woken up today after three months and looked at the markets, he/she could reasonably say that not much had changed. The year started on strong footing and risk assets experienced a massive rebound in the first weeks of 2019, erasing most of the losses experienced in one of the most awful Decembers in history. As a result some valuation gaps have been closed somewhat, though not exhausted. Markets switched rapidly from a “fear” to a “greed” mood. Catalysts of the renewed optimism have included the dovish shift in the Federal Reserve’s strategy, and increasing signs of progress in the trade negotiations between the US and China.