• Europe in focus amidst fiscal boost
    White papers

    Europe in focus amidst fiscal boost

    2025-03-31T16:31:00ZBy Amundi

    “President Trump’s approach to trade and global alliances may be a wake up call for Europe. The region is signalling a clear and a historical shift, which will require target measures to boost growth efficiently.”

  • Empowering transformation in Europe
    White papers

    Empowering transformation in Europe

    2025-03-31T16:28:00ZBy Amundi

    Europe is facing major economic and security challenges. The European Commission (EC) has started translating the Draghi report’s recommendations into effective proposals.

  • The direction of long term rates in an era of high debt
    White papers

    The direction of long term rates in an era of high debt

    2025-03-31T16:26:00ZBy Amundi

    Real interest rates have been on a secular decline since the mid-1980s but have corrected sharply higher since the Covid pandemic, higher inflation and the end of central banks’ Quantitative Easing (QE). Now, public debt is much higher and there are new demands for funding (e.g., for defence and net zero ambitions), which should argue for structurally higher long-term interest rates.

  • Equity sectors: a mix of Growth and Value to navigate the challenges ahead
    White papers

    Equity sectors: a mix of Growth and Value to navigate the challenges ahead

    2025-03-31T16:24:00ZBy Amundi

    We see three themes shaping sector returns in the coming decade. Artificial intelligence (AI) will support the Information Technology (IT) sector followed by Healthcare, but it is due to extend to others as well. Regarding climate change and geopolitical dynamics, capital expenditure (Capex) will play a more important role than consumption, benefitting Industrials more than the Consumer Staples and Discretionary sectors. Finally, policies supporting deregulation should improve capital efficiency and shareholder returns, to the benefit of Financials.

  • Demographics will shape future growth potential
    White papers

    Demographics will shape future growth potential

    2025-03-31T16:20:00ZBy Amundi

    Three trends that will shape the macro-financial landscape

  • The global economy’s path in a fragmented world
    White papers

    The global economy’s path in a fragmented world

    2025-03-31T16:18:00ZBy Amundi

    With the world on the brink of significant structural changes, projecting the long-term macroeconomic scenario for 2025-2050 presents unique challenges. It is crucial to identify emerging trends while evaluating the acceleration of existing ones.

  • Capital Market Assumptions 2025
    White papers

    Capital Market Assumptions 2025

    2025-03-31T16:15:00ZBy Amundi

    A more favourable growth outlook for the next decade compared to last year’s assumptions, albeit with greater uncertainty regarding inflation which is set to remain slightly above central bank targets, results in higher expected returns across the spectrum of asset classes covered. Expectations have been revised upwards for regional equity markets and private assets in particular, with Private Equity, Infrastructure, and European equities showing the strongest improvements.

  • Sustainable Global Equity Annual Report 2024
    White papers

    Sustainable Global Equity Annual Report 2024

    2025-03-28T11:58:00ZBy Federated Hermes

    Since the turn of the millennium, considerable progress has been made in improving economic wellbeing. However, proper financial inclusion remains out of reach for billions worldwide. Bridging the gap represents a potentially major opportunity for companies, says the team behind our Sustainable Global Equity Strategy.

  • Trade Finance: Uncorrelated alpha potential
    White papers

    Trade Finance: Uncorrelated alpha potential

    2025-03-28T11:55:00ZBy Federated Hermes

    Trade finance – short-term loans to facilitate physical cross-border transactions – plays a vital role in facilitating global trade flows. It is estimated that 80% of world trade is dependent on some form of financing. This can be attributed to tighter credit conditions for obtaining alternative sources of capital. In this paper, we outline why more investors are turning towards this asset class as a diversifier in their portfolios.

  • The evolution of investor stewardship
    White papers

    The evolution of investor stewardship

    2025-03-28T11:51:00ZBy Federated Hermes

    With the publication by EOS at Federated Hermes Limited of its 2024 Annual Review of engagement and voting highlights, Leon Kamhi, Head of Responsibility and EOS, reflects on 20 years of stewardship at EOS, and the need to drive real world change.