All Multi-Asset articles – Page 5
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White papersThe core role of private markets in modern portfolios
Making effective use of private assets is increasingly important for institutional investors. Our work indicates that many of them have room for relatively large allocations, depending on risk tolerance and their specific objectives.
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White papers
Crowding: The strategic, tactical and liquidity perspectives
The growth in passive and alternative risk premia (ARP) investing has prompted questions about the possible impact of their perceived disruptive behavior - and weather the potential for future rewards could be crowded away. We advocate taking a more balanced view of crowding.
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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.
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White papers
Multi-asset investments: Managing sustainability from a total portfolio perspective
Lesley-Ann Morgan and Jessica Ground discuss how to address the decisions regarding integrating ESG across multiple investments and setting a sustainability budget.
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White papers
Blog | Multi-asset: What’s in a name?
In order to bring some rigor to the process, FTSE Russell takes a volatility-based definition, which we believe cuts through the noise and focuses on what the indexes measure.
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White papers
Financial Applications of Gaussian Processes and Bayesian Optimization
In the last five years, the financial industry has been impacted by the emergence of digitalization and machine learning. In this article, we explore two methods that have undergone rapid development in recent years: Gaussian processes and Bayesian optimization. Gaussian processes can be seen as a generalization of Gaussian random vectors and are associated with the development of kernel methods.
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White papers
The Journey of Sustainable Investing A multi-asset approach seeking returns and a better future
Maria Municchi, a fund manager in the M&G Multi Asset team, discusses the development of sustainable investing over time, and explains how we incorporate it with our long-standing multi-asset approach in a new investment strategy.
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White papers
Cross Asset Investment Strategy - February 2019
After a tough December, which led to an abrupt valuation reset, risk assets rebounded in the first weeks of the year, boosted by a market-sympathetic turn in Fed rhetoric and an increased optimism on trade negotiations. As the current reasons for optimism should be confirmed, we believe it is time to re-approach the areas of risk assets where the correction has brought value back, especially in emerging markets.
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White papers
Cross-Asset Investment Strategy: Is Turkey really out of the woods?
After having narrowly escaped a balance of payments crisis last spring, there are questions surrounding the Turkish economy, not to mention the many (geo)political tensions. Throughout this period, the currency has continued to experience strong downward pressures, leading to a surge in inflation. Recently, the markets seem to be recovering hope.
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White papers
2019 Outlook: Expect a tougher climb
Slower growth. Rising rates. More volatility. 2019 looks to be a year that could be challenging for investors. Yet we believe the markets offer a range of opportunities, and we are finding a number of investment ideas for our clients.
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White papers
The Changing Face of Investment Grade Credit
In a recent interview, David Nagle, CFA, portfolio manager in the Investment Grade Fixed Income Group, discussed the investment grade credit market, including some of the issues garnering headlines recently and how the market has evolved through the years.
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White papers
Investment Strategy Insights: The Global Slowing – Due to Trade or Something Else?
While trade frictions attracted the most attention, the primary and outsize drag on global growth in 2018 was the self-imposed slowdown China began in mid-2017. Intended as a gentle cooling, the deleveraging and derisking program overshot; China’s private sector — 60% of its economy — iced up.
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White papers
Global Investment Outlook Q4: Distortion, Divergence and Diversification
Volatility has plagued equity markets globally in 2018—most notably emerging markets and US equity markets. As the US economic expansion officially crossed the nine-year mark in 2018, many investors started to wonder when the cycle would change—and what the catalyst might be.
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Quarterly Allocation Views: Taking Solace from the Longer Outlook
Every year, when we publish longer-term capital market expectations, it is always interesting to reflect on how our views evolve over different time horizons. Today, with increased market volatility, divergent economic performance and looming trade wars, can we take solace in a constructive longer-term outlook?
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White papers
2019 Capital Markets Expectations: Supportive Environment for Asset Returns
We believe global stocks have greater performance potential than global bonds, supported by continued global growth.
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White papers
Cross Asset Investment Strategy Special Edition: Outlook 2019
With late cycle features continuing to materialise and a higher level of vulnerability developing due to the uncertain geopolitical backdrop, 2019 will require investors to embrace a more prudent approach, despite the benign global economic outlook.
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White papers
Multi-Asset: The Market’s Current Anxiety Is Just a Midlife Crisis
In the disruptive environment ahead, we favor high-active- share strategies and more liquid, as opposed to private or passive, investments.
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White papers
Investment Strategy Insights: The Impact of Tariffs: So Far, So Little
It may be a bit early to judge the full impact of higher tariffs on Chinese goods, but so far there has been little impact on the US economy. We explain why.
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White papers
Capital Market Line: Why a Medium Risk/Lower Return Bull Market Still Lies Ahead
We identify two forces that will likely offset the impact of rising rates and drive equity markets forward – at least in the medium term.
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