Outlooks – Page 74
-
White papersFixed-income markets: from cyclical to structural challenges
Since the start of the year, bond yields have surged in the economies of the G10 as markets anticipate a sharp acceleration in inflation and economic activity. This rebound is likely to be particularly strong in the US given its enormous fiscal stimulus plan. In the medium term, opinion is divided concerning the post-Covid crisis macroeconomic trajectory and a possible change in the inflation regime in the US.
-
White papersEuropean credit outlook 2021: a world of uncertainty
European credit markets appear to have stabilised, as investors increasingly price in a perfect economic recovery alongside continuing monetary and fiscal support.
-
White papersSDG Engagement Equity commentary: Alliant
The SDG Engagement Equity Fund focuses on attractive companies with the potential – through engagement aligned with the Sustainable Development Goals (SDGs) – to generate outcomes that benefit people, the planet and investors.
-
White papersAsian equities inspire confidence, even after volatile quarter
Asian equities peaked twice in the first quarter amid optimism over the recovery in China, the prospect of improved relations between the new US administration and China, and the arrival of COVID-19 vaccines.
-
White papersThe case for Chinese Treasuries
What is in short supply at the moment for fixed income investors are high-yielding, lowly-correlated bonds with solid macro underpinnings: China ticks all of those boxes.
-
White papersClimate Change, hot topic in Euro Credit
CPR AM expands its range of climate solutions with a credit fund aligned with the Paris agreements. Julien Daire, head of fixed income, and Noémie Hadjadj-Gomes, head of research at CPR Asset Management, explain the main features of this new strategy.
-
White papersIncreasing Yield with US Corporate Bonds
For 2021, with interest rates very low and spreads tight, investors are wondering where to turn in order to generate returns in the liquid fixed income universe. We will show that US credit investments offer attractive returns even after currency hedging. Due to a steep US yield curve, the expected return is higher than the current yield.
-
White papers2Q 2021 outlook: Welcome to the upside scenario
Our initial 2021 outlook featured the theme “Dark tunnel. Bright light,” as a way to indicate that while we saw a strong possibility for economic and market upside, we also thought the path to get there would be difficult. And while the global pandemic remains a humanitarian crisis, that upside scenario is happening more quickly than we expected.
-
White papersPromising a future: Edition 2021 – Our commitment to responsible investing in real assets
The 2021 edition of REPM’s responsible investing brochure, highlights how responsible investment is integral to our investment philosophy and approach. This year, we have transformed the overall format with a clear delineation between prose content to illustrate our whole business’s efforts.
-
White papersThe Investment Podcast: Investment in music copyrights? Now, that’s music to my ears
How do we find a private special situations investment? What kind of work do we do before making such an investment? What is our role once the initial investment is completed?
-
White papersHedge Fund Strategy Outlook Q2 2021
With a broad-based reopening coming closer into focus, investors are planning for the next stage in the cycle. We believe geographical, asset class and sector rotations will be key to driving returns over the next 12 months. We expect hedge fund managers who shift to securities that have lagged in recent years while hedging out broader market risks or shorting overvalued names will be more likely to generate high-quality returns
-
White papersHigh Yield: Finding Opportunity in the Uneven Recovery
In this webinar, Barings’ high yield portfolio managers share their latest market views and discuss where they expect to see opportunities going forward.
-
White papersInequality: Causes, policy response and market implications
Global income equality has improved over the last 40 years, but the story in advanced economies is less positive. We look at the key drivers of this phenomenon and their implications, as well as the economic outlook. We argue this trend will force global companies to embrace ESG criteria at a faster speed, with the fast movers likely to be outperformers.
-
White papersESG in Action: Improving Climate Change Models for Investments
Gauging the potential impacts of climate change on a company’s valuation or portfolio performance is extremely difficult. At AB, we’ve partnered with Columbia University’s Earth Institute to conduct an extensive review of existing climate change scenario-analysis providers and their various approaches.
-
White papersESG in Equities: Identifying Winners in the Energy Transition
Clean energy and anti-pollution initiatives will continue to impact the equity investment landscape—but not all companies will be winners, and careful analysis will be needed to identify those that stand to benefit and those that may see a threat to their business model.
-
White papersNet Zero through investments: A pilot for intermediary target setting
Decarbonization of credit portfolios could play a major part in helping investors to support the goals of the Paris Agreement on climate change.
-
White papersAddressing climate change: why cashflow driven investors should act now
Climate-aware investing can mitigate against an emerging and significant risk factor. This is essential for investors targeting predictability of cashflows alongside high resilience to market risks.
-
White papersCOVID and beyond: navigating the markets
We share the views of some of our portfolio managers and economists on navigating the equity and fixed income markets in the year ahead and beyond. They also share how the last year has influenced long-term developments in economic and market outlooks.
-
White papersFederated Hermes Asia ex Japan: Letter to investors, March 2021
After a testing decade for contrarian, value-biased investors, there are hints of change as expectations of an end to extraordinarily cheap money have caused price movements. Could a long-awaited enduring rotation be in the offing? Here Jonathan Pines, Portfolio Manager of our Asia ex Japan Strategy, presents his views.
-
White papersPricing ESG risk in credit markets
To analyse credit risks with greater precision, we developed a pricing model in 2017 to capture the influence of environmental, social and governance (ESG) factors on credit spreads. It showed a convincing relationship between ESG risk and credit spreads, manifesting as an ESG-risk curve.
