Outlooks – Page 41
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White papersAsset Allocation Committee Outlook: 4Q 2022
Neuberger Berman’s Asset Allocation Committee meets every quarter to poll its members on their outlook for the next 12 months on each of the asset classes noted and, through debate and discussion, to refine our market outlook. The panel covers the gamut of investments and markets, bringing together diverse industry knowledge, with an average of 30 years of experience.
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White papersThinking Strategically About Commodities
A laggard over the past decade, commodities appear, in our view, poised for continued strength in the years ahead.
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White papersFive challenges for net zero investing
The Intergovernmental Panel on Climate Change gave the world a stark warning in 2018 of the dangers of failing to limit the global temperature rise from climate change to 1.5 degrees.
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White papersOutlook for GCC bond and equity markets amid macroeconomic headwinds
With growth slowing and recession becoming more of a possibility amid elevated inflation and hawkish central banks globally, GCC bond and equity markets have become more volatile.
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White papersHave we become too used to low rates?
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we examine the extent to which interest rate rises, rather than other macro and geopolitical factors, have been responsible for the falls in both equities and bonds this year.
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White papersIn the demographic winter, will we prefer pets to children?
Pope Francis fears the onset of a demographic winter, in which families choose to have more pets than children. It’s a contentious view, but is it based on a clear population trend?
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White papersUK government woes continue to overshadow markets
Investors unnerved by conflicting plans of the Bank of England and the UK Treasury as central bank seeks to put brake on growth to tame inflation while government wants to put foot on the growth accelerator.
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White papersU.S. Inflation Feeling Hot, Hot, Hot
Inflation rages on in the U.S. and elsewhere as the global economy faces further instability. What will this mean for central banks’ tightening efforts in the coming weeks, and are markets starting to recognize–and react–that it will take more time for prices to come down?
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White papersFixed Income Investment Outlook: 4Q 2022
Despite volatility, the basic storyline of inflation and the Federal Reserve should continue to drive market behavior. Over the months ahead, we anticipate continued tightening by the Fed and challenging European growth trends, with tail risks tied to the U.K., China weakness and policy overreach. A focus on shorter durations and quality, with opportunistic exposure to longer bonds and credit, merits consideration.
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White papersDimensions & Insights: Your growth story includes DEI
When Marion Donovan invented the first disposable diaper and pitched it to venture capitalists, they all laughed. Determined, she hired a lingerie manufacturer to help launch at Saks Fifth Ave, and made billions of parents’ diaper dreams come true. Lack of access for people with great ideas is one of the oldest stories in the world that still repeats today. However, today’s extremely competitive environment, ongoing disruptions, and innovations require diverse thinking and problem solving to find great opportunities.
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White papersArtificial Intelligence and ESG: How do they fit?
Artificial Intelligence (AI) helps to circumvent some challenges with traditional ESG data. Textual and satellite data analysis can discover key ESG risks and opportunities. AI contributes to ESG integration by providing an alternative source of data for monitoring ESG reporting.
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White papersMacroeconomic Picture - October 2022
United States: Growth. We are still calling a soft landing in the US, with an extended period of sub-par growth for 2023 and 2024. We expect the US economy to grow by 0.9% in 2023 (1.1% Q4/Q4) and 1.3% in 2024 (1.3% Q4/Q4). Inflation. Headline inflation has peaked in the ...
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White papersMarket Scenarios and Risks - October 2022
We maintain the content and probabilities of our scenarios. Note that some of the risk factors we identify may occur in our central scenario, which is probably not yet fully priced-in by markets. It would take a combination of risk factors for the downside scenario to materialise. The downside is counterbalanced by an upside scenario, that of a rapid decline in inflation due to an easing of gas prices and/or to the combined tightening of global monetary policies, the impact of which can be underestimated.
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White papersToo early for a Fed pivot
The flattening of the US yield curve will depend on the persistence of core inflation and on the impact of monetary tightening on growth. The more resilient the US economy proves to interest-rate hikes, the more aggressively the Fed will have to tighten monetary policy, thereby increasing the risk of recession. We have gone from ‘bad news is good news’ to ‘good news is bad news’.
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White papersTLTRO in the context of ECB policy normalisation
TLTRO repayments and redemptions will drive incoming ECB passive QT over the next few quarters. So far, banks have repaid a small amount of liquidity, while the ECB’s recent decision on remuneration of excess reserves has helped keep current excess liquidity abundant, aiming at a smooth transmission of its monetary policy.
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White papersRelaxed financial markets look at Lula’s comeback
The first electoral round was won by former President Lula. However, the incumbent, Bolsonaro, performed better than expected. Their economic agendas differ on a number of issues, while risks are more asymmetric under each candidate. Either could benefit from a robust macroeconomic scenario.
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White papersCLOs: Up in Quality
Against a challenging macro backdrop, CLOs look attractive given the strong structural protections and incremental yield on offer—but there is a case to be made for staying up in quality.
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White papersESG Viewpoint – Can mining be a responsible investment?
Its environmental and social impacts can make mining hard to square with a responsible investment approach. As the world shifts away from fossil fuels – a move that increases demand for ‘transition metals’ – we explore the need to think again.
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White papersThe Meeting Room: Asia ex-Japan, September 2022
Join Jonathan Pines and Sandy Pei for the latest Federated Hermes Meeting Room: Virtual Portfolio Briefing on Asia ex-Japan.
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White papersMarkets on edge despite Bank of England intervention
Sweeping UK government tax cuts sent shockwaves through financial markets as investors and economists queried the wisdom behind the plan.
