Outlooks – Page 48
-
White papersTowards new fiscal rules in Europe
After years of dormant peripheral risk, the recent resurgence of fragmentation issues in Europe, amid rising stagflationary risks at a time of Central Banks committing to tame inflation, puts the delicate fiscal and monetary equilibrium under the spotlight. When facing a higher inflationary regime, we call for a new set of fiscal rules designed to overcome the limits of the old overly rigid one size-fits-all framework.
-
White papersFixed Income Investment Outlook: 3Q 2022
Central bank monetary tightening has arrived, with a resulting shift upward in market interest rates and widened credit spreads. Although there is risk to the upside, we believe that inflation will ease from peak levels but remain elevated above targets until well into next year. In this environment we are seeing opportunities across credit sectors. Continued macro volatility will keep spreads “two-way,” while positive underlying fundamentals across a range of sectors should provide support.
-
White papersFrom consumer gadgets to medical devices
The distinction between consumer and healthcare devices is becoming less pronounced in light of a recent trend whereby more consumers are using medically-proven health monitoring tools, and more non-patients are using medical devices. Investors in this market should be aware of how competition is developing.
-
White papersItaly swimming in uncertain waters as PM Draghi resigns
Given the resignation of Prime Minister (PM) Draghi, what scenarios does Italy face?
-
White papersZero-Covid weighs on China’s growth in Q2
A weak second quarter for China’s economy, with GDP growth narrowly avoiding contraction, might mark the low for this cycle (disregarding the pandemic-related dip in Q1 2020). However, even with intense policy support for the economy and less stringent Covid restrictions, any recovery looks set to be gradual at best, leaving 2022 growth short of the official 5.5% target.
-
White papersUnwavering Resolve
Central banks are increasingly worried they might be losing an inflation battle that could now be generational, so expect them to get much more aggressive to catch up.
-
White papersConsumer demand for the quantified self Consumer demand for the quantified self
The first conventional quantified self device, counting users’ steps over the course of the day, was launched in 2009. Since then, a number of world-leading brands have entered this rapidly-growing market and burgeoning investment trend.
-
White papersEconomic and Market Review: Key Considerations for Equity Investors
We see increasing likelihood of a recession, but even if we avoid one, we think the coming months are going to feel like a recession as the decline in stock market valuations in the first half of the year are likely followed by a decline in corporate earnings in the second half.
-
White papersMidyear outlook: Income arrives in many shapes and sizes
The first half of 2022 has been challenging for investors across asset classes, and the uncertainties plaguing markets remain—particularly with regard to inflation, interest rates and the possibility of recession. As we look toward the second half of the year, our investment management teams gathered to discuss where income-seeking investors may find opportunities. Below are highlights of our discussions.
-
White papersBraving bear markets: 5 lessons from seasoned investors
Stock markets around the world have entered bear territory. The MSCI ACWI slid over 20% for the six months ended June 30, 2022. Today, many investors are focused on the likelihood of recession and more pain ahead.
-
White papersWhen short term pain can bring long term gains
2022 has not been a great time for bonds. The Bloomberg Global Aggregate Index and Bloomberg US Treasury Index both hit historical lows, returning -13.9% and -9.1%, respectively, in the first 6 months of 20221 . Meanwhile, risky asset classes also sold off significantly, which has led to many investors questioning the role of bonds as a diversifier to equities.
-
White papersAccelerated migration post-pandemic drives real estate returns
The onset of the COVID-19 pandemic largely accelerated many location changes that began before March 2020. Nationwide, some migratory patterns related to American industry and demographic shifts became more pronounced by type of region, metro, and location − some areas experienced unprecedented booms, while others reported sizeable declines.
-
White papersBonds regain their shine amid a turbulent time
Brandywine Global: Prudent credit selection often requires investment expertise with a nuanced understanding of the business, economic and political environment across different geographies.
-
White papersBetter health through the quantified self
Better and earlier diagnostics are key to moving from curing disease to preventing sickness entirely. Smart devices and fitness trackers stand to play a significant role in this advancement.
-
White papers5G: Worry-Free Warranty Goes Mainstream
As adoption of connected technology increases, so does the case for device insurance. What opportunities could this bring?
-
White papersMulti-Asset Allocation Views: Growth headwinds continue to build
Growth headwinds continue to build
-
White papersCybersecurity: a neglected investment risk in an increasingly digitalised world
As the world continues to move rapidly through its digital transformation, investors must keep up with the trends and risks that can follow. Cybersecurity threats abound, and they should be playing a bigger role in portfolio managers’ risk assessments. We explain why this is not yet the case, and then we outline LOIM’s approach to integrating cybersecurity analysis into the investment process.
-
White papersReasons for Optimism
Caution may be warranted during the uncertainty of the next quarter—but after markets have sold off so much, does it really make sense to be more pessimistic now than at the start of this year?
-
White papersTowards Sustainability: LO Selection – NextGen BioTech earns the label
We are proud to announce that another LOIM strategy - NextGen BioTech - has achieved the esteemed Towards Sustainability label. This brings our total of labelled strategies to 10. This recognises the quality of the sustainability-focused analysis, exclusions and stewardship embedded in the LOIM products qualifying for the label.
-
White papersAre Biofuels Really the Choice Fuel for the Future?
The most beneficial biofuels for carbon intensity reduction are biodiesels produced by wastes, such as used cooking oils and other fats, which are truly being recycled into energy. However, supply of these feedstocks is largely limited by the amount of food consumption.
