All Multi-Asset articles – Page 4
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White papersMAS Framework for portfolio implementation
Our framework for portfolio implementation follows two stages: investor-led considerations and investment-led considerations. In the investor-led stage, we identify the constraints required for building the portfolio, with the goal of producing a range of investments suitable for the client. In the investment-led stage, we focus on selecting ...
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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
Commodities Investment Insight : Examining sector characteristics and asset allocation
Commodities have long been a staple investment of multi-asset investors. Traditionally, its main benefits to portfolios was seen to be as a diversifier to equity and fixed income exposures and as a hedge against inflation. It has also been popular with trend-following CTA funds. More recently, commodities have been included as a source of alternative risk premia.
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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
Monetary taps: not so wide open
In positioning for huge central bank stimulus investors have put themselves in a tight spot.
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White papers
Bad omen: what the yield curve says about stocks
The inversion of the US yield curve strengthens the bear case for the economy and stock markets.
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White papers
Three Concerns Facing Asset Allocation Committees
A number of long‑standing assumptions no longer hold true.
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White papers
High Yield Bonds: Compelling Risk/Reward Trade-Off
The attractive yield levels and generally healthy fundamentals of high yield bonds have led us to add to the asset class allocation in T. Rowe Price’s multi-asset portfolios. Relative to other asset classes, high yield bonds offer attractive risk-adjusted returns given their consistency of income with a lower volatility profile than equities.
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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.
