Outlooks – Page 90
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Biodiversity in focus in EOS’s Q3 Public Engagement Report
The Q3 Public Engagement Report from EOS at Federated Hermes focuses on three of its expanding engagement themes for 2020 – biodiversity and sustainable land use, fast fashion, and business purpose – all issues brought to the fore by the pandemic.
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Liquidity trends in the wake of Covid-19: implications for portfolio construction
The Covid-19 crisis has triggered the deepest liquidity squeeze since 2008. Unlike the Great Financial Crisis (GFC), an unprecedented real economy shock led to extremely quick deterioration of financial conditions and showed that, under extreme circumstances, liquidity may dry up not only within risk assets, but also within risk free ones.
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Investment Impact of 2020 Elections
The 2020 US presidential and congressional elections are fast approaching and the global market outlook is already hazy in light of the COVID-19 pandemic. We are likely to find more policy and political turbulence through Inauguration Day than we have faced in past elections.
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Choosing Trump or Biden
Investors will benefit from supportive policy under either outcome, but the impact on specific industries is much harder to predict.
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Credit investors: delivering into the imperatives of Paris
In this video Anna Karim, Investment Director Fixed Income, and Mitch Reznick, Head of Research and Sustainable Fixed Income, discuss how to decarbonise portfolios within fixed income and the imperative of aligning investment strategies with the Paris Agreement.
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Prime time: How streaming is reshaping film and TV
The last ten years have seen the film and television industry transform beyond recognition. In the latest instalment of our editorial series, Link, experts from our credit and equity teams discuss whether streaming will continue its inexorable reshaping of the media landscape.
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The day after #12 - Changing shares of labour and capital incomes: what implications for investors?
The share of national income that is distributed to labour vs. capital has fallen to historically low levels in several advanced economies, such as the United States and the United Kingdom. We believe the Covid-19 crisis, along with other factors, will trigger a rebalancing in favour of labour over the next two decades. A reversion to the long-term average ratio of labour and capital in the share of income would probably enhance social and political stability, and would better fit with a consumer-driven growth model.
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EMD: A Strong Tailwind, But Risks on the Horizon
Segments of the EM debt market have been bright spots in fixed income this year. Will EMs outperform DMs in the months ahead—or are the risks too great? It may come down to country and credit selection.
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When the chips are down: the outlook for semiconductors
After a challenging 2019, the semiconductor manufacturing sector was placed under even more pressure by the exogenous shock of the coronavirus pandemic. Yet the industry has staged an impressive recovery and our Global Emerging Markets team retains a positive long-term view on the sector, arguing that technology trends will quickly reheat any cooling demand for global chips.
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Coronavirus: what now for economies and markets?
It’s been a tumultuous time for investors everywhere. Momentum is the key when looking at future prospects for stock markets and employment prospects across the continent.
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What the US election means for markets … and what it doesn’t!
While every US presidential election is contentious, this year’s race seems especially divisive. Partisanship is extreme, and the difference between Donald Trump and Joe Biden in approach, personality and behaviour is stark. The charged rhetoric may increase the uncertainty and anxiety for investors as we approach election day. Most recently we saw evidence of this anxiety as the market reacted to news of President Trump’s positive Covid-19 test.
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How best to approach climate change risk management?
Chris Wagstaff considers how asset owners might best approach climate change risk management by adopting a number of non-mutually exclusive mitigating actions to address transition and physical risks.
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Franklin Templeton Investment Solutions: Allocation Views
We are growing more accustomed to the strange new landscape left behind after the COVID-19 recession. The virus threat remains very real, with notable flare-ups in Europe more recently, even as populations get more used to dealing with it. Optimism over an eventual vaccine and improved treatments is balanced by the realization that even on the most optimistic timetable, we remain a long way from a full return to normality.
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Materiality Matters
How Environmental, Social and Governance Issues Inform Long-term Growth and Sustainability of Companies
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Bracing for Winter, Looking Forward to Spring
“Anticipation of much lower levels of uncertainty in 12 months’ time—paired with the after-effects of unprecedented fiscal and monetary stimulus, the potential for another fiscal boost to come, and the Federal Reserve’s new, more dovish policy framework—feed into this quarter’s changes to our asset class views.”
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The Pandemic Productivity Shock
Lockdowns will trigger cost cutting and speed technological innovation, but brace for the political tremors.
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Uncorrelated Through COVID
The rollercoaster ride of the COVID-19 market crisis presented the toughest challenge imaginable to the concept of “uncorrelated strategies”—did they live up to it?
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High Yield: Bridging the Gap to a Post-COVID World
What lies ahead for high yield markets? Head of Global Public Fixed Income, Martin Horne weighs in on what the bifurcated asset price recovery, record issuance levels and falling default expectations imply for high yield markets in the months ahead.
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What you need to know about the 2020 US presidential elections
The US is just three weeks away from a presidential election with potentially major repercussions for economic policy in the US and further afield. Daniel Morris, chief market strategist, and Mark Allan, US economist, review the key points.
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City of Fear? Fear of the city? Urban life and COVID-19
Fear City: A Survival Guide for Visitors to New York City was distributed to arrivals at New York City’s airports in June 1975 by police unions in dispute with city leaders about cuts in emergency services. It warned them graphically of the dangers that lay in wait in an increasingly chaotic city being abandoned by both terrified residents and disinterested politicians.