Outlooks – Page 53
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White papersGlobal Investment Outlook: Actively Navigating Economic and Geopolitical Shocks
Stephen Dover, Head of Franklin Templeton Investment Institute, and Gene Podkaminer, Head of Research, Franklin Templeton Investment Solutions in conversation about shocks to economic growth highlighting the case for a multi-asset portfolio, the role of alternatives, and active management, in the latest global investment outlook.
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White papersMarket snapshot: Fed ramps up policy response to runaway inflation
US central bank to begin speedy reduction of its balance sheet as officials lean towards 50bps rate rises this year
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White papersHoping for the Best, Preparing for the Worst
We’ve officially embarked on a very peculiar tightening cycle—one in which inflation is at levels more associated with the peak of the hiking cycle, and not the start.
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White papersHedge Fund Strategy Outlook Q2 2022
Last year’s headlines (COVID-19 and China) have been replaced with new concerns (Invasions and Inflation). Central bankers are pivoting from stabilizing growth to limiting inflation.
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White papersSpotlight on Saudi Arabia
Saudi Arabia’s economic rebound is drawing attention with an obvious boon from rising oil prices. Outside of hydrocarbons, the country is continuing to diversify and reform in a number of sectors as part of its ambitious Vision 2030. Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton ETFs, highlights developments on the kingdom’s horizon.
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White papersCredit markets: more attractive valuations but we remain cautious
Valuations are now a little more attractive. However, the environment remains challenging, particularly in Europe. We remain cautious and more constructive on US credit markets relative to euro markets.
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White papersMacroeconomic Picture - April 2022
United States: the increase in energy and commodity prices, which is pushing inflation higher, is negatively impacting the US consumer, both in terms of confidence and spending. At the same time, companies’ capex intentions remain high, suggesting that while US consumption may be decelerating, capex should remain resilient to the Ukraine war confidence hit.
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White papersEquity Outlook: War Intensifies Inflation Test for Investors
Stock markets fell in the first quarter as Russia’s invasion of Ukraine destabilized the growth outlook, amplified concerns about rising interest rates and unleashed geopolitical risks. While the conflict has created many uncertainties, we believe the impact of persistent inflation will be the dominant influence for equity investors through the remainder of 2022 and beyond.
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White papersMarket snapshot: Is a recession around the corner?
The US treasury yield curve inverted for the first time in almost three years, a traditional harbinger of a recession.
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White papersFixed-Income Outlook: Look to the Horizon in Stormy Seas
Russia’s war on Ukraine has shaken the world. From a massive humanitarian crisis to an energy shock to food insecurity, the ripple effects are already being felt near and far. Even if the conflict ends tomorrow, the invasion could have lasting global consequences. Amid heightened geopolitical tensions, continued volatility over the near term is the only certainty. Below are the top risks—and strategies—we think bond investors should keep in mind.
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White papersNow for the hard part: The challenge of delivering net zero
More than one fifth of the world’s largest listed companies have committed to net-zero targets, but few have detailed roadmaps to get there. Mirza Baig considers the challenges for investors managing transition pathways.
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White papersIs Russia’s Invasion Inflationary or Deflationary?
Global tragedies, the COVID-19 pandemic, and the Ukraine invasion delivered similar economic shocks, roiling the balances of supply and demand. But the lockdowns came with floods of cheap money and generous subsidies, while this war coincides with central banks tightening and governments thinking harder about deficits.
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White papersCarbon Handprints: A New Approach to Climate-Focused Equity Investing
How can investors gain confidence that an equity portfolio is invested in companies that are really helping to address climate risk? Focus on a company’s carbon handprint, which measures the positive impact, or carbon avoided, by using its products.
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White papersMaking the case for climate risk-adjusted refinancing operations
Here is the third in our series of regular articles on current academic research into a range of sustainable investment topics. The papers discussed were presented at the latest annual GRASFI conference.
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White papersOn My Mind: The Fed Takes the Red Pill
The Fed struck a hawkish tone at its latest meeting, but Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes it still underestimates how far rates will likely need to rise—and so do the markets.
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White papersValue stocks still cheap relative to growth sector peers
We expect the environment in the coming few years to be unusually favourable for value relative to growth stocks. Multi-factor equity strategies should prove more attractive for investors. The prospect of rising interest rates as central banks react to higher inflation further complicates the outlook for ‘glamour’ growth stocks.
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White papersFacing Up to the Biodiversity Challenge
Biodiversity loss now competes with climate change as the principal challenge for sustainable finance. However, this crisis has not been addressed with the same urgency by regulators, governments, corporations, or the financial sector.
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White papersWar in Ukraine: Implications and Considerations for Investors
Our first thoughts on the war are for the people directly impacted by the ongoing destruction. It is foremost an immense humanitarian crisis and a scale of warfare in Europe that many of us did not expect to see in our lifetimes. We hope for an immediate end to the conflict.
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White papersSignal changes: why finance is warming to AI
Fiorino tracks the AI journey from sci-fi to hi-fi(nance) and where the faux-human tech may take the real financial industry next…
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White papersEconomic Scenarios in the Midst of War
Numbing economic sanctions on Russia, the delivery of arms to the government of Ukraine to stiffen resistance, and the remilitarization of Europe mean there is no turning back. The world has now changed and it is a difficult task to sketch with any certainty the economic impact.
