All Risk Management articles – Page 6
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White papers
Take note: Finding opportunity in mispriced corporate hybrids
In our latest white paper, Robin Usson, senior credit analyst, asks: Is there scope to extract structural alpha from misunderstood extension risk?
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White papers
Want to De-Risk? Look to High Yield
Looking for a tactical way to de-risk your portfolio? You might consider rotating a portion of your equity allocation into high-yield bonds.
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White papers
Market Scenarios and Risks - May 2022
We keep the narratives and the probabilities of our central and alternative scenario unchanged versus last month. However, the war in Ukraine could evolve in several ways (see Ukraine crisis tree) with significant implications on economic and financial markets. The new wave of Covid-19 in China is another source of uncertainty over the short-term.
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White papers
ESG-Labelled Muni Funds: Fact or Fiction?
By their nature, entities that issue in the municipal bond market have substantial positive environmental and social impacts that make them ideal for investors seeking ESG investment opportunities. Municipal asset managers who are aware of this fit are increasingly touting their ESG capabilities; although these claims are often confusing as they conflate ESG credit risks with ESG impacts.
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White papers
Japan Is Back on the Risk Radar
Japan and the extreme moves in its currency are among the most important dynamics in capital markets right now—here’s why we think they should loom much larger in investors’ minds.
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White papers
The Benefits of Greater Concentration
Franklin Mutual Series believes a concentrated portfolio of value stocks with an eye toward diversifying sources of risk can be an important part of a broader investment portfolio.
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White papers
Q&A: Investing amid geopolitical uncertainty
Russia’s invasion of Ukraine has intensified focus on geopolitical risks. However, investing amid geopolitical uncertainty is not new. Seasoned portfolio managers Kirstie Spence and Victor Kohn discuss how they approach geopolitical risk in emerging markets.
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White papers
An Update on Sovereign Fixed Income ESG Scores
In February 2018, Templeton Global Macro (TGM) released its original paper on the topic of environmental, social and governance (ESG) factors in sovereign fixed income investing. The paper (Global Macro Shifts—issue 9 [GMS-9]) explored the team’s novel approach to ESG investing, which does not just measure current ESG levels as a screen, but instead focuses on projected changes in ESG scores that may reveal opportunities for investment as well as emerging risks to avoid.
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People News
Change in the Management Board of PATRIZIA AG
Christoph Glaser becomes new CFO - Karim Bohn leaves amicably after six years in office.
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White papers
The 60/40 Portfolio’s Overdue Overhaul: An evolving emphasis from assets to outcomes
Most investors are aware of why they are investing—for many, it’s to meet the objective of accumulating adequate savings for retirement spending. Yet, portfolios based on 60/40, or other rule-of-thumb allocations (such as target date funds), are focused on the “how” of managing asset volatility as opposed to the “how” of meeting long-term investment goals.
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White papers
Running dry: How water risk can threaten a company’s bottom line
Climate change is forcing investors to evaluate two new types of risk: transition risk, the cost of transitioning to low-carbon operations, and physical risk, the cost of increased drought, floods, severe weather, and a rising sea level. Water stress is one of the most pronounced physical risks from climate change that investors must consider.
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White papers
How to Get the Most From Private Placement Debt
Private Placements can offer fixed income investments with enhanced diversification, risk-adjusted yield and downside mitigation, and as demand grows, we believe investors could benefit from an independent route into the market that is better aligned with their needs.
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White papers
Shifts & Narratives #15 - The Green risk premium and the performance(s) of ESG investing
The question of the green risk premium and ESG performance is on everyone’s lips.
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Video
Introduction to the Neuberger Berman Commodities Fund
In this short video, Hakan Kaya introduces the Neuberger Berman Commodities Fund and gives an overview of the role commodities could play within portfolios.
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White papers
The Fog of War Clouds Economic Outlooks
The war in Ukraine continues to dominate market moves, leading to volatility in risk assets, and the safe haven bid is still in focus amid a stronger U.S. dollar and higher precious metal prices. Commodities are soaring, with BBG Commodity Index on track for the biggest gain since 1960.
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White papers
Opportunity in Muni Market Volatility
January was a volatile month for the markets in general, and municipal bonds were not immune. But volatility can lead to opportunity.
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White papers
Quick Thoughts: Defensive on the Curve
With the characteristics of low duration, lower volatility, and higher income versus other fixed income asset classes, we believe a mix of short-term high yield and floating rate debt may provide investors some level of defense in a rising interest-rate environment.
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Podcast
Commercial Real Estate for Insurance Investors
Insurance investors are increasingly turning to real estate debt and equity investments to generate income and to combat the impact of inflation.
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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
Equity Convexity and Unconventional Monetary Policy
In this paper, we intend to gain an understanding of the drivers of stock convexity, also known as gamma.