Outlooks
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White papers2025 outlook: private markets shine bright
Against a backdrop of mildly decelerating economic growth, weakening domestic demand, and interest rate cut expectations, the private market and real estate asset classes can offer relatively attractive investment opportunities as well as risk and return diversification.
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White papersQT or Not QT?
Against the aggressive expansion of the balance sheet in response to the COVID pandemic, the Federal Reserve expanded its balance sheet from $4.1 trillion, or 18.8% of GDP, to a peak of $9.0 trillion, or 35.6% of GDP, in Q1 2022. This is nearly double the pre-COVID level, which was already elevated relative to the balance sheet seen in the wake of the Great Financial Crisis.
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White papersHas the Fed’s rate-cutting cycle been knocked off course?
The US Federal Reserve has the scope for one more rate cut in 2024. Will the latest inflation data make it pause?
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White papers2025 Equity Outlook: Will lower rates and strong earnings be enough to keep markets up?
Going into 2025, strong company fundamentals and trends in innovation could be outweighed by increased geopolitical risk and policy uncertainty.
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White papersSpotting opportunities in a reconfigured world
Halfway through the decade, new forces are reconfiguring the post-pandemic global economy. The big shocks that hit labour markets, supply chains, and energy prices in the past five years have largely worked their way through the system. But geopolitics and national policy choices are creating a more fragmented world that may bring new surprises.
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White papers2025 Fixed Income Outlook: A year of opportunity amid economic uncertainty?
With inflation cooling and the US Federal Reserve transitioning from rate hikes to a cycle of rate cuts, bonds are poised to perform well in 2025.
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White papersElection Economics
A resounding victory sweeps President (and President-Elect) Trump back to the White House. The substantial-for-modern-times majority in the Senate along with the popular vote means that the second Trump administration has more of a mandate than the first one.
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White papers2025 Investment Outlook: Bright spots in a world of anomalies
New forces are reconfiguring the global economy. While the big shocks of the past five years have largely worked their way through the system, geopolitics and national policy choices are creating a more fragmented world.
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White papersCOP29: Will it deliver on climate finance?
The COP29 climate negotiations will take place in Baku, Azerbaijan, from 11-22 November. The headline objective is to agree a new target for the provision of climate finance to developing nations, superseding the goal set in 2009 to deliver $100 billion a year by 2020.
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White papersEngagement case study: Bank of Montreal (BMO)
We engaged with BMO in establishing comprehensive governance practices around the ethical use of AI.
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White papersIs the auto sector stuck in second gear?
The auto sector hit a series of roadblocks in Q2, causing several companies to scale back their growth forecasts for the year. What is the current outlook for manufacturers and suppliers and where do we see select opportunities?
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White papersPublic Engagement Report Q3 2024
The Q3 Public Engagement Report from EOS at Federated Hermes Limited looks at how insurers are wrestling with physical climate risk as losses from hurricanes, flooding and wildfires mount. Plus, how we engage with companies on water management, the evolving stewardship landscape, and voting trends from Asia and emerging markets.
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White papersThe Fed’s normalising of rates is not easing
Given that the US economy is healthy, we believe the market is overestimating what the Fed will do.
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White papersUS presidential elections 2024 - The view from here
Donald Trump has officially been elected as the 47th president of the United States (US). Importantly for the markets, it looks like the Republican Party will gain control of the Senate, while also maintaining its hold on the House of Representatives. This significantly increases the potential for President-elect Trump to implement his policies beyond trade and immigration.
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White papersInfrastructure debt: Capturing the mainstream
Jerome Neyroud, head of infrastructure debt investments at Schroders Capital, on why infrastructure debt is no longer niche, the appeal of the asset class and the sectors poised to drive future demand.
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White papersReframing the climate question
How should an investor balance a focus on reducing their climate impact with a desire for financial returns? And how does a company management team accommodate what can often be seen as competing demands?
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White papersHuman capital: the unsung hero of the company valuation equation
Assessing the value of a company can be challenging. Typically, investors start by looking at its financial standing and records that reflect tangible investments, such as machinery purchases and building maintenance costs, to understand the company’s revenue, debt obligations and other expenses.
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White papersAustralia, a Tech Hub? Crikey!
Australia’s Olympians took home 19 medals in swimming at the Paris games, but the Land Down Under is also making waves in other arenas: software and fintech.
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White papersWill COP29 be an enabling COP?
The 29th United Nations Climate Change Conference COP29 comes at a unique point in time.
