All North America articles
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White papersMultifamily Gap Capital
Dags Chen and Lincoln Janes discuss that while the cooling of the Sunbelt multifamily property market is creating cracks in the capital stacks of owners, it is also presenting potential opportunities for investors.Many recent buyers and developers of Sunbelt multifamily properties are overleveraged and need capital to bridge the gap between their debt balances and the significantly depreciated equity value of their holdings. The current pall over the asset class, however, obscures its long-term attractiveness for patient investors.
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Asset Manager NewsActis Announces Launch Of Orygen And New Ceo Following Acquisition Of Enel Generación Perú
Actis, a leading global investor in sustainable infrastructure, has announced the launch of Orygen, its latest energy platform operating as an independent power producer in Peru.
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White papersFilling the pool again
With the Fed on hold and tax collection over, assets resume flowing into liquidity products.
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White papersBiden vs Trump: high stakes in US elections
The US election rematch between President Biden and former President Trump will focus market attention on their respective agendas. This paper examines the potential economic and foreign policy changes that could emerge in their second term, as well as the repercussions for financial markets.
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White papersArticle 15 for 15: A US SMID retrospective
Over the 15 years of his involvement in the US small- and mid-cap Strategy, portfolio manager Mark Sherlock has witnessed many different markets and economic conditions. Read our retrospective to learn the importance of seeking downside protection, how the tortoise beats the hare and why you should never let a good crisis go to waste.
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White papersNorth America real estate market outlook Q2 2024
We like industrial and logistics markets surrounding the Gulf and East-Coast ports.
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White papersThe case for US and EU industrial real estate
Notwithstanding some near-term challenges and regional differences, Clarion believes industrial real estate will remain a compelling long-term investment opportunity across the European Union and the United States.
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VideoThe stars (and stripes) align: The overlooked appeal of US SMID
In our latest video insight, Charlotte Daughtrey, Equity Investment Specialist, makes the case for US SMID (small and mid-sized) stocks, which can sometimes get overlooked amid the hype around the so-called ‘Magnificent Seven’ stocks, but can represent a particularly exciting area of the market.
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White papers6 questions concerning the weakness behind US resiliency
Do you see recent US data pointing to stubborn inflation? In January we had some upside surprises, encompassing import prices, producer prices, both headline and core CPI, and the PCE deflator. We think prices were in part boosted by seasonal factors which are not fully accounted for in the usual seasonal adjustment, something that also happened last year.
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White papersCross Asset Investment Strategy - March 2024
“While we expect the Fed, Bank of England and ECB to start rate cuts around June, we will keep an eye on the pace of disinflation for any surprises.”
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White papersCredit markets in focus in 2024
In what turned out to be another volatile year, credit markets remained resilient in 2023, posting both positive excess and total returns. Looking at 2024, there is room for more optimism in the credit space, with expectations for strong total returns and continued demand from investors seeking high-quality duration and longer-maturity investment solutions, supported by anticipated interest rate cuts by major central banks.
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White papersThe bulls are in control
As equity markets continue to rally, our investment team explains why investors should be looking beyond the headline-making names for greater returns.
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Asset Manager NewsIvanhoé Cambridge and Hines execute 75,000 square feet of new leases at 10 & 120 South Riverside Plaza in Chicago
With the addition of Pinterest, Attorneys’ Liability Assurance Society and Syska Hennessy Group, 156,000 square feet of leases have been signed over the last 12 months as the property advances $75 million redevelopment
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White papersThe case for US small-cap stocks in 2024
Although US small-cap stocks joined the extraordinary rally in the final quarter of 2023, many small caps continue to trade at a significant discount to their larger-company counterparts. This creates an attractive entry point. So says Geoff Dailey, Head of US Equities. In this interview, he explains why he sees the start of 2024 as a good time to allocate to US small caps.
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White papersTaxable Municipal bonds: yields moving higher
The taxable municipal bond market experienced negative third quarter returns in sympathy with U.S. Treasuries. With the U.S. Federal Reserve (Fed) nearing the end of its rate hike cycle, higher yields have increased future expected returns, given yields are now at levels not seen over the last decade. We believe portfolios should be rewarded by assuming a modestly longer duration profile while adding credit risk.
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White papersRate cuts: are they justified by employment data?
The resilience of the labour market, evidenced by low unemployment and solid job growth, is seen as a key driver of the US economy’s strength. But in 2023, the trend of robust job creation shown in the previous two years began to deteriorate as the pace of newly created roles slowed down.
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White papersAn Alternative Outlook Note for the Season
Headlines remain dominated by highly negative news flow, a tough geopolitical landscape and the prospect of a divisive US election campaign. With a nod to the season, rather than writing a traditional pre-year-end outlook, our final note to clients this year is a short commentary on what might be a more positive prognosis for the future. We will follow with a note early in the New Year featuring key themes for 2024.
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White papersFed and ECB: towards rate cuts in 2024
”Markets expect Central Banks to cut rates in early 2024. This is too optimistic, but falling inflation is good news for investors.”
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White papersPowell pivots policy: moving closer to rate cuts
The U.S. Federal Reserve left interest rates unchanged at its December meeting, as expected, and updated projections signal even more rate cuts in 2024 than previously expected.
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White papersGreen premium: Study of New York and London Real Estate finds strong evidence for a ‘green premium’
In 2021, Bill Gates authored How to Avoid a Climate Disaster, a plan for the world to reduce net CO2 emissions and avoid a climate catastrophe. One of the key ideas in his book was that of a ‘green premium’.
