Outlooks – Page 59
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White papers
The invasion of Ukraine: investment implications
Russian military activity with Ukraine is escalating rapidly, with growing uncertainty. As events unfold, we suggest investors remain focused on their long-term goals, but remain attuned to the potential shifts in and disruptions to inflation, growth, energy prices and global financial markets.
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White papers
Tackling climate change through outcomes-focused stewardship
With the publication by EOS at Federated Hermes of the 2021 Annual Review of engagement and voting highlights, Dr Hans-Christoph Hirt, head of EOS, reflects on the climate crisis and the challenges it will pose for investors in 2022 and beyond.
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White papers
Five questions on asset-backed securities
David Favier, senior portfolio manager of European ABS strategies, reflects on the impact of the pandemic and the outlook for 2022.
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White papers
The return of the European consumer
European consumer spending rebounded in 2021, but it lagged the much stronger recovery in the United States. In 2022, I expect that gap to close. Despite numerous headwinds, like soaring energy prices and falling consumer confidence, I believe Europeans will be saving less of their income this year and that there is enough pent-up demand to propel robust consumption growth.
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White papers
Globalization: “So Why Can’t You Export Haircuts?”
It’s the year 2032. Will planes still take us to far-off lands or will VR headsets transport us, could your hair stylist live on the other side of the planet?
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White papers
What are the merits of a public-private equity investment approach?
Combining public and private equity investments in the same portfolio brings investors the best of both worlds.
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White papers
Central Bank Watch
The Franklin Templeton Fixed Income (FTFI) Central Bank Watch is a qualitative assessment of the central banks for the Group of Ten (G10) nations plus two additional countries (China and South Korea).
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White papers
On My Mind: The Long and Winding Road…
With inflation running at multi-decade highs, Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes major central banks are well behind the curve to tighten monetary policy—and why she thinks markets still underestimate the long, volatile adjustment period that lies ahead.
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White papers
UK Equities: Where Next?
Despite the pressures on household finances, there are encouraging signs for continued UK economic growth—and attractive market valuations.
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White papers
Investment Viewpoint: Asia Fixed Income Outlook 2022
2021 was historic for our asset class by many accounts. Asian High Yield (HY) had its worst annual performance since 2008, down over 11% and recorded a default rate of 13%.1 There was an unprecedented USD 50 billion of Chinese HY defaults which means one third of Chinese HY defaulted in 2021.
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White papers
Seven Important Stewardship Themes for 2022
Martin Currie: All around the globe, 2022 will see significant changes in the stewardship landscape as it moves even more into mainstream investing.
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White papers
Saving the World is Hard
ESG investing has a long way to go, but why shouldn’t global financial markets do their part?
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White papers
What’s the outlook for European asset-backed securities in 2022?
European asset-backed securities (ABS) outperformed many other areas of fixed income last year as investors were drawn by their floating rate properties and supportive fundamentals, including a resilient labour market and low arrears in underlying asset pools. But how strong is the outlook for securitisations in 2022?
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White papers
Macro Perspectives: Have we reached the pivot point?
In this Macro Perspectives, our economists discuss what’s fueling inflation and how policymakers are combating it without dampening growth—they offer differing views on whether inflation will abate or accelerate as the year progresses.
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White papers
Are Markets Signaling a Slowdown?
We see no sign of impending recession in calm credit markets, and in our view the flattening Treasury curve likely has more to do with the market’s failure to recognize growing structural inflationary forces.
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White papers
Inflation and the Incredible Demand for Durables
Brandywine Global: Inflation is the topic du jour. What is behind the multi-decade highs in inflation, particularly in the U.S.? A closer look at durable goods sheds some light.
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White papers
Five reasons to invest in timberland
Capital allocation across industries is competitive and, like all alternative asset classes, timberland must earn its position in an institutional portfolio. The case for investing in timberland rests on five principles.
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White papers
Omicron, Like Prior Variants, Took the Elevator Up, but Unlike Those, Fortunately, Is Taking the Elevator Down
Putting into perspective what appears to be the steady exit of the pandemic with an eye on global vaccination rates and cases.
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White papers
Investing with impact into Real Assets
Pension funds are increasingly concerned with longer term inflation risks and asset classes with inflation- related returns look relatively attractive in current asset allocation decisions.
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White papers
How to get to Net Zero in real estate investment
We know a drastic fall in carbon emissions from the built environment is essential to save the planet. Even so, real solutions - let alone action - remain elusive. It’s time to work out how it can be done.