Outlooks – Page 14
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Decoding the AI opportunity
In 2023, we saw significant future value creation from artificial intelligence pulled forward and reflected in share prices of companies set to benefit from this multi-generational opportunity.
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Corporate Credit Outlook 2024: High Tide for Yield?
Weakening economic fundamentals shouldn’t scare away corporate bond investors in 2024—provided they keep a close eye on credit quality.
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Poll Positioning
Voters representing around half of the world’s GDP go to the polls this year—what might that mean for the economy and investors?
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Asset Allocation Committee Outlook: 1Q 2024
“One of the lessons to take from 2023 is that markets can defy apparently soft fundamentals for much longer than one might expect.”
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High yield credit outlook: Favorable dynamics persist
Brandywine Global: While tight monetary policy may become more problematic for the economy over time, many high yield bond issuers are focused on improving credit quality. This may put them in a better position to endure an economic downturn.
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LOIM Circular Economy: three years of investing in the power of nature
Circular Economy, one of our high-conviction equity strategies, recently marked its three-year anniversary. The strategy seeks growth opportunities arising from the transition to a bio-based and circular economy, which harnesses and preserves nature and its valuable, regenerative resources.
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Private Credit Outlook: Evolution and Opportunity
Private credit has in a little more than a decade evolved from a niche asset class to a key component of a diversified investment portfolio. We think it will be even more important in 2024 as banks’ reluctance to lend widens the opportunity set for investors.
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Outlook 2024: Prepare for changes in the investing climate
Heading into 2024, it is difficult to remember another time when the outlook was so uncertain. Recession or expansion? Inflation or deflation? Higher interest rates for longer or central banks preparing to pivot? Take your pick and you will find a pundit arguing for each scenario as if it was a foregone conclusion.
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Equity Outlook: Three Questions for Investors in 2024
It’s hard to chart a course through equity markets in times of uncertainty. Here are our thoughts on some of the big questions on investors’ minds today.
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Emerging market debt outlook: Beyond headline events
According to Franklin Templeton Fixed Income, the impact of global events on emerging market risk sentiment may continue to divert capital away from the asset class, especially when the risk-free rate offers a substantial yield. However, as we move further through the US Federal Reserve cycle over the next year, we should see capital return to the asset class.
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2024 European logistics market outlook
Clarion Partners believes the European logistics market will remain undiminished in 2024 and could bring attractive opportunities for investors.
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The Monroe Doctrine at 200: Its New Implications for LatAm Assets
We explore the potential evolution of the relationships between Latin American countries and the U.S.
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What has 2024 got in store for DB pensions and how will fiduciary management evolve?
For a pensions market that is all but closed to new members, you would be forgiven for perhaps expecting defined benefit (DB) pension schemes to be taking it easy. In reality this couldn’t be further from the truth. Mansion House reforms, increasing numbers of bulk annuity deals, and consolidation, all set against the backdrop of the upcoming General Election, mean that 2024 is set to be a year with many twists and turns.
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One Size Doesn’t Fit AI
Custom Application-Specific Integrated Circuit (ASIC) chips could reshape the technology sector.
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Japan’s equities surfing on the end of deflation
”Japanese equities may further benefit from the major transformations in the country’s economy and markets.”
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Global Investment Views - January 2024
”While the year-end rally may offer some tactical opportunities, we keep a sightly cautious view on equities as markets are priced for a Goldilocks scenario.”
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Rate 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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An 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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Cross Asset Investment Strategy - December 2023
The impact of rate increases on businesses is expected to intensify in 2024. Businesses haven’t been impacted much by higher rates so far because they have used the cash they collected during Covid and refinance needs have been limited.
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Global FinTech: trends to watch in 2024
Beating the broader market was challenging for many active strategies in 2023, including our Global FinTech theme. However, Global FinTech has had the highest absolute return among its relevant peer group since our inception in 2020. We attribute the longer-term outperformance to our strict adherence to seeking quality growth at a reasonable price. Thematic purity is also hugely important to us, meaning we do not invest in the ‘Magnificent 7’.