“What’s measured, improves” – Peter Drucker
At Neuberger Berman, we recognize that our clients expect rigorous ESG integration from their investment manager. We firmly believe that attention to material ESG factors helps make us smarter investors, and that engagement with companies on ESG topics helps them perform better for their investors and for society.
When the market starts to anticipate the next downturn, in our view it does not necessarily pay to beat the rush by adopting an underweight in risk assets. While the late stage of the cycle is a time of corporate balance-sheet deterioration, that buildup of leverage can propel a final burst of earnings expansion. Mature cycles have often been characterized by a late surge in equity and credit markets, and missing out can compromise long-term performance.
The financial crisis and subsequent regulation has ended the dominance of financials in euro corporate bonds.
Can investing for market-rate returns contribute to the UN Sustainable Development Goals?