Outlooks – Page 84
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White papersFactor Investing and ESG in the Corporate Bond Market Before and During the COVID-19 Crisis
The objective of this paper is to illustrate the factor investing space in corporate bonds before and during the COVID-19 crisis and is the natural extension of our prior analysis on both the new alternative credit factors and the ESG integration in credit.
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White papersChina 2021 Outlook: Pandemic Fuels Momentum For De-Globalization, What’s Next?
The coronavirus sharpened the divide between China and the rest of the world in some aspects, according to Franklin Templeton Emerging Markets Equity’s Chetan Sehgal and Michael Lai.
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White papersUS 2020 Election Investment Pulse: Why Fixed Income Now
With yields near zero, many investors may question the value of fixed income within a portfolio. Western Asset’s Head of Product Management, Doug Hulsey, joins our Head of Equities, Stephen Dover, to discuss fixed income investing with an active-management lens. He makes a case for the asset class for investors in light of market uncertainties and outlines where he sees opportunities today.
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White papersSolving for 2021
With shifting political dynamics, and pandemic numbers spiking even as we receive good news on vaccines, we believe the range of pathways through this unprecedented period continues to warrant strategic navigation.
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White papers2021 outlook: AEW foresees compelling opportunities emerging after current storm
In its 2021 European real estate outlook, “After the Storm” AEW explores how investors can best navigate out of the current crisis. Despite the recent news of a potential vaccine, 2021 looks to be a year characterised by a slow recovery hindered by both COVID-19’s impact on the wider economy together with the latent existing headwinds of unresolved trade frictions and political uncertainties.
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White papersUS 2020 Election Investment Pulse: Resilience And Vulnerability In Emerging Markets
The US elections have implications for emerging markets in the area of global trade relations in particular, but for investors, it’s important to look at countries and companies individually within the asset class, according to Portfolio Manager Andrew Ness. He joins our Head of Equities Stephen Dover to discuss how emerging markets are navigating today’s challenges—including the COVID-19 pandemic—and note they are home to some of the most innovative and resilient companies in the world.
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White papers“European defaults likely to stay low” and what it means for High Yield and crossover markets.
Correlations between defaults and macroeconomic variables suggest European defaults may rise, however, monetary and fiscal support are set to contain the impact. In this scenario, we deem the rating migration risk now more serious for Investment Grade and BBB in particular, hence – within the crossover space – we think investment opportunities can be found in fallen Angels
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White papersSolving for 2021: The world after the coronavirus
As we approach the end of the year and look forward to 2021, our senior investment leaders will share what they envision as the main market drivers in our Solving for 2021 series.
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White papersFranklin Templeton Investment Solutions Allocation Views
In recent weeks, as uncertainty clouded the economic outlook, we tried to look ahead to what would matter in the following months and through next year. We focused on the need for governments to deliver fiscal stimulus to support and sustain economic recovery. We agreed with the leading central bankers who, as we have noted in Allocation Views throughout this year, have called for greater coordination of fiscal and monetary policy.
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White papersFixed Income: Knowledge Drives Confidence, Confidence Drives Growth
Dr. Sonal Desai shares her thoughts on the latest wave of the Franklin Templeton–Gallup Economics of Recovery Study, including the value of trusted advice in navigating financial and investment concerns.
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White papersThe Circular Edition 3, 2020 - Keeping you in the sustainability loop
Covid-19 continues to throw curve-balls in 2020, but for those investors with sustainability in mind, the long game remains in view. We’ve summed up our recent insights on environmental, social and governance (ESG) investing to bring you the latest edition of The Circular.
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White papersFrance Outlook
In Q3 France posted a major surprise, with its 18.2% QoQ rise in GDP beating both consensus and our expectations, and leaving the French economy only about 4.0% below pre-Covid levels. But with the second wave and the new lockdown taking a toll on activity and sentiment, we now expect a new contraction of 3.3% QoQ in Q4. This will be followed by a slow and uneven recovery, which will reach full traction only from Q2 2021, when we assume restrictions will be fully lifted. In the meantime, a ‘stop and go’ process may take place, making the recovery path bumpier and more uncertain.
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White papersInside Real Estate – Annual Strategy Outlook for 2021
Under our base case the global economy will continue down the path of recover but with a wider range of possible outcomes. Normalization in advanced economies will likely start in the second half of 2021 following the distribution of vaccines, though full global herd immunity will be further away. We expect the world economy to be dealing with a “new normal” for a few years.
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White papers2020 post-election analysis: Biden wins, but the United States remains divided
Former Vice President Joe Biden defeated President Trump to become the 46th President of the United States. While Trump has not conceded yet, he became only the third President to fail to win re-election since World War II. In the end, the election was a referendum on Trump as a man rather than an indictment of his policies. A political realignment is underway, with GOP emerging as a working-class party and dominating the vote in rural areas, while the ‘Blue wall’ of the Midwestern states of Pennsylvania, Michigan and Wisconsin has become competitive for both parties.
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White papersExpert Roundtable: Sustainable High Yield Investing
We believe environmental, social and governance (ESG) considerations matter in high yield investing, and that, as providers of new capital, bondholders may have more influence than they think.
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White papersMarkets Unscripted: 2020 U.S. Election Series
Ashok Bhatia, Neuberger Berman Deputy CIO – Fixed Income, shares his perspective on investment implications as a result of the U.S. election and recent COVID-19 vaccine news.
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White papersInvestment Grade Credit: Corporate Decision-Making in the Post-COVID-19 Economy
For the investment grade credit market, the first three quarters of 2020 can be characterized as nothing short of unprecedented.
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White papersSenior infrastructure debt vs fixed income: which poses fewer challenges for investors?
Senior infrastructure debt is shielded from many of the challenges that face traditional fixed income in a zero-rate world. We explain why.
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White papersAn Election Update and Market Outlook with Joe Amato
Stephanie Luedke, Head of Private Wealth Management leads a discussion with Joseph V. Amato, President and Chief Investment Officer – Equities for an update on the U.S. election and the markets after a historic week.
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White papersCorporate Hybrids Come of Age
We believe the nearly €200 billion corporate hybrid market just got its first true test—and passed with flying colors.
