All North America articles – Page 7
-
White papersAfter the bond rally, beware of bond math’s return
Bond market investors have experienced impressive returns this year. Even mortgage-backed securities, which were at the bottom of the pack for fixed-income sectors in year-to-date performance through September 30, returned 5.60%, which easily eclipsed the 1.28% gained by the fixed-income leader for all of 2018, municipal bonds
-
White papers
Four charts that show why “old tech” might surprise income investors
What happens when tech grows up?
-
White papers
Core Matters Investment Returns: A 5-year perspective
2019 has seen huge inflows into Fixed Income (FI) funds and outflows from Equities. From a medium-term return perspective this makes no sense. The formidable demand for safe assets reflects cyclical and structural forces (e.g. ageing). No matter the economic scenario, FI returns over the next five years ...
-
White papers
The Elizabeth Warren Moment
E. Warren is now neck-and-neck with J. Biden (27%) in the Democratic primary polls and far ahead of B. Sanders (15%).From her fifth-place position just six months ago, she has risen 21 points in the polls since then, while Biden has lost four points and Sanders, six. Bookmakers now put her odds of winning the nomination at more than 50%, vs. less than 20% for Biden and 6% for Sanders.
-
White papers
Homebuilders as a Case Study in Late-Cycle High Yield
For some high-yield investors, the U.S. homebuilding sector may represent a crossroads for the higher-rated portions of the market. Yet, as concerns about an economic slowdown mount, investors may be facing a highly-cyclical sector that generally appears fully valued and possibly on the precipice of weakening economic conditions.
-
White papers
Trump Impeachment Is Likely, But Impact On Financial Markets Would Be Short-Lived
Impeachment process: The Democratic Party has announced the opening of an impeachment inquiry against President Donald Trump following revelations that he pushed Ukrainian President Volodymyr Zelenskiy to investigate the son of Democratic opponent Joe Biden. The impeachment process is long and articulated. An 80% probability that Trump will be impeached, followed by acquittal in the Senate, which would keep him in office for the remainder of his term, is our base case scenario.
-
White papers
Why REITs, why Principal?
Since their establishment in the U.S. decades ago, publicly traded REITs have offered investors the combined benefit of commercial real estate investment along with the advantages of investing in publicly traded stocks. REITs have grown in size, impact and market acceptance around the world. REITs, REOCs, and other real estate stocks own or operate trillions in real estate assets across all major global markets.
-
White papers
Investing in an era of heightened risk velocity
For investors navigating current market conditions—an environment where a single tweet can change the market direction and momentum—it is not just the risks themselves that are challenging but also the elevated pace at which risks can move from peripheral threats to portfolio impacts. We call this “risk velocity.” This paper explores the primary drivers for this phenomenon and potential asset allocation implications.
-
White papers
Five U.S. Dollar Themes to Watch
The U.S. dollar has proved resilient so far this year despite the U.S. economy slowing. Quentin Fitzsimmons outlines the five key themes that we believe investors should now monitor.
-
White papers
Blog | Falling too far? What sets fallen angels apart
When US investment grade bonds are downgraded and cross the ratings threshold into high yield territory, they join the sector known as “fallen angels.” And while they’re technically categorized as high yield (HY) bonds, it’s important to note that fallen angels were initially issued as investment grade (IG) credits. This is why they tend to have distinct characteristics that set them apart from the rest of the US HY bond market.
-
White papers
Real Estate Summary US Real Estate – Edition 3, 2019
Spreads return to normal, while property sector performance diverges.
-
White papers
Blog | Measuring the benefits of including small caps & REITs in Mexican equity portfolios
The addition of small-caps and real estate investments trusts, or REITs, to Mexican equity portfolios can help improve diversification for investors.
-
Asset Manager News
Deka Immobilien acquires city landmark office tower in Edmonton
Deka Immobilien GmbH has purchased an office property in Edmonton, Canada, for around EUR 345 million. The Katz Group and ONE Properties are the sellers. The new building will be added to the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
-
White papers
The Fed Cuts Rate, But The Market Expects More
The Fed cut rates, but the market expects more: As expected the Federal Reserve lowered its target range for the Federal Funds rate by 25 basis, and now the market anticipates as many as three more cuts by the end of 2020. We think that is too much. In our view, the Fed is likely to pause to monitor the effects of the rate cuts on the economy, before acting again.
-
White papers
Fixed Income: The Fed Calls Time For A Reality Check
Unreasonable expectations? Sonal Desai, our Fixed Income CIO, believes Powell took a reasonable first step to rein in market expectations.
-
White papers
Investors Can Hold US Companies Accountable to Roundtable Pledges
Leading US CEOs recently pledged to redefine the role of the corporation in society. But will they make good on their promises? Responsible investors need a clear way to evaluate whether a company is really making progress by doing good for both society and investors.
-
White papers
Wanted: a 21st century grid to power a carbon-free future
Renewable energy has become cheap and abundant. Now we need advanced grid infrastructure to use more of it.
-
White papers
U.S. Loans: Challenged Market or Veiled Opportunity?
With loan and bond yields currently comparable, we believe—in a somewhat contrarian view to the market—there is a good argument for investing in loans, particularly in the U.S., where the economy appears to be marginally stronger than in Europe.
-
White papers
Sustaining the expansion – the Fed cut and what it means for real estate
After weeks of anticipation, speculation and growing confidence on monetary easing, the Federal Reserve (Fed) cut its benchmark short-term interest rate by 25 bps at its July meeting.
-
White papers
Why A Long-Term Allocation to Smaller Companies Makes Sense
The reasons for maintaining a strategic allocation to small‑caps are compelling.
