All Regulation articles
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White papersRise of the Residential Whole Loan
Given the potential for yield and capital efficiency, residential whole loan mortgages have been the fastest growing asset class in life insurers’ investment allocations in recent years. Partnering with a manager that has the experience and resources to navigate this dynamic market is key.
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White papersBasel III Endgame and the “Reg Cap” Opportunity
Tighter bank capital regulation looks set to make U.S. banks adopt a risk-transfer practice that has long been common in Europe—and attractive to investors.
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PodcastDisruptive Investments Within Disruptive Regulations:
In the wake of past banking volatility and high-stake crises like the collapse of Silicon Valley Bank, regulatory scrutiny has continued to increase across the financial sector with proposals such as Basel III Endgame. The industry will need to adjust to the new disruptive forces at play. But what opportunities lie within the banking sector that could interest investors? And what are the risks posed to investors in this space?
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White papersKeeping an Eye on Liquidity as Risks Converge
The Fed’s close monitoring and well-signaled tapering of QT should prevent disruptions to the short-term funding markets—despite converging risks.
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White papersMiFID II and ESG preferences: A paradigm change in Europe?
The revision of the European Union’s MiFID II directive taking effect this August and requiring investment firms to assess clients’ sustainability preferences sets a regulatory priority that will impact asset management professionals in 2022 and beyond.
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White papersRegulatory tightening explained: A strategic policy shift and the outlook for China’s private sector
What should investors make of the flurry of regulatory tightening that China has implemented since the second half of 2020? How do the measures fit into China’s central strategy as it seeks to strengthen its domestic sector and embarks on long-term strategic competition with the US?
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White papersChina regulation: From tech to education
China has imposed stricter regulations on the education sector, extending the regulatory reach that had focused on e-commerce and internet companies as the authorities seek to prevent market abuse and improve oversight. The move caused education stocks to plunge and hit broader investor sentiment towards Chinese stocks (including large-cap internet companies).
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White papersTime is running out to solve China’s debt bubble
Many investors are focused on the outlook for trade talks with the US, fearing an all-out trade war which would negatively impact global, and especially Chinese, equity markets. But investors underestimate the mounting problems caused by the recent rapid expansion of credit in China. Only radical solutions now remain to resolve the country’s growing credit bubble, says Paul Smillie.
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White papersCore Matter: A Deeper Look into Financial Vulnerabilities
Almost ten years of record low interest rates have raised leverage in the non-financial sector as well as investors’ tolerance for riskier and less liquid instruments. As a result, the average quality of corporate debt has worsened. Credit risk has shifted away from banks to asset managers. Mutual funds’ ...
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Asset Manager NewsAmplified: There’s more than one side to any investment story
We are now in the tail end of the second quarter of an already eventful year, with investors facing a range of stark choices.
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White papersIndian elections: political continuity is positive but reform is what matters most
Prime Minister Modi led the NDA to a sweeping victory, with a full majority in Parliament and therefore significant political capital. There was some apprehension in the market ahead of the election and a clear majority will certainly soothe nerves.
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White papersAn introduction to securitisation: a diverse opportunity set offering attractive excess return potential
Securitisation can be seen as highly technical, niche and (post-2008) perceived as risky, but its highly diverse range of opportunities can bring significant benefits to a portfolio.
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White papersResponsible Returns: Better Stocks for a Better World
Many equity investors want to help create social benefits while generating strong returns. Achieving these twin goals requires a coherent investment approach. In this paper, we outline a process designed to effectively integrate environmental, social and governance factors in a sustainable equity strategy. Using stock examples, we demonstrate how to identify companies that support the UN Sustainable Development Goals (SDGs) and offer sources of long-term return potential.
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White papersJapan’s strengthening fundamentals go unnoticed
Global investors underappreciate the changing behaviour of Japanese companies, which has made them more resilient and well positioned to benefit from global reflation.
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White papersHorses, Not Camels: Diversity and Group Decision-Making
In the investing industry, we’re all well aware that our business isn’t a one-person endeavor. The basic problem-solving unit is quite often a group or team. But how do we create the right formula that ensures groups make thoughtful, effective decisions and avoid bad ones?
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White papersShareholder Activism: Why Should Investors Care?
Institutional investors have large and diversified portfolios with substantial company ownership and strong incentives to monitor and influence the firm’s business. Active ownership is becoming a key component of their investment process.
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White papers25 years’ experience provides platform for outperformance in Emerging Market Debt sector
Investors were given a wake-up call in February on the challenges posed by normalising monetary policy when strong economic data in the US sparked fears that interest rates would rise faster than expected, causing the global equity correction.
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White papersNavigating MiFID II: Winning in the new regulatory environment
With only eight months until the Markets in Financial Instruments Directive (MiFID II) comes into effect on 3 January 2018, everyone across the industry has their heads down working hard on solutions to the challenges and opportunities presented by the new regulation.
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White papersESG Investing and Portfolio Integration
Interest in environmental, social, and governance (ESG) factors is expanding at a rapid pace among institutional and retail investors around the world.
