All Strategies articles
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White papersCIO views: what about an outlier scenario?
In the current context of interest rates being higher for longer, what would happen if an extreme situation played out to amplify existing trends? For instance, interest rates rose to 6% or inflation increased to 20% in a developed market?
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White papers
Real-Time Macro Information and Bond Return Predictability: A Weighted Group Deep Learning Approach
This paper proposes a weighted group neural network model and reexamines whether treasury bond returns are predictable when real-time, instead of fully-revised, macro information is used. Real-time macro vintage data and news-based topic attention are taken into account.
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White papers
Articulating asset allocation across different time horizons
In a previous paper, we addressed the issue of how to set investment objectives. In this paper, we address another key issue in the definition of asset allocation: how to articulate it across different time horizons.
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White papers
Pursuing alpha: Why invest in EMD?
Competitive spreads, comparable default rates and low correlations versus developed markets are just three advantages of this growing asset class, argue managers of the Federated Hermes Emerging Markets Debt strategy.
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White papers
*Can private markets help investors ride the inflation wave?*
Demographics, repetitive bouts of fiscal stimulus, and deglobalisation are among the factors pointing to prolonged higher inflation. Can private markets help investors sustain returns?
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White papers
Risk-Managed Equities: A Diversified Approach to Hedging
Every drawdown is different. By using a combination of hedging tools and intelligent portfolio construction, we can maximize our chance of meaningfully reducing losses, no matter how the next drawdown plays out.
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White papers
China: Suspended Animation
The run-up to China’s leadership meetings this fall is delaying substantial policy changes, in our view creating opportunities in advance of potential economic improvement next year.
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White papers
Allocation Views - August 2022
We often comment in Allocation Views that it is appropriate to follow a nimble approach. This is no doubt a “timeless and universal” feature of our investment style, but it is especially pertinent today. As we always do, we look at the world through the lens of our three key themes and find reasons for caution across the board.
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Video
Dealing with income bias in sovereign ESG scores: new research from FTSE Russell
Investors are embracing sustainable investment strategies in passive fixed income like never before. Billions of dollars are flowing into ESG-tilted sovereign debt as asset owners try to mitigate their exposure to climate risks. But there are unintended consequences that are not discussed enough, notably related to biases present in the ESG assessment where scores tend to favour higher income countries.
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White papers
Five misconceptions about dividend investing
Our ETF Investment Strategy team takes a closer look into dividend investing.
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Podcast
A Deep Dive into Allspring’s Market Risk Monitor
Ann Miletti and John Hockers discuss Allspring’s Market Risk Monitor, a report that the firm uses to capture, distill, and disseminate headline risks across the Allview investment platform.
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White papers
Global High Yield — Recent Rout Provides Attractive Entry Point for New Allocations
High yield markets took a significant turn during June and consequently spreads, sentiment and distress levels deteriorated quickly. The Fed’s outsized 75bp hike and a surprise contraction in consumer spending in recent weeks drove concerns for retailers specifically. Investor flows have also been negative.
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White papers
Emerging Markets Face a Highly Varied Growth Outlook
Russia’s invasion of Ukraine has complicated the investment environment for EM investors. The emerging market growth outlook is mixed, with considerable variation between regions. Many central and Eastern European and Latin American central banks have been hiking rates aggressively. Asia is further behind, but many developed Asian economies have also begun to raise rates.
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White papers
Real Estate Outlook – US, Edition 2 - 2022
Growing economic uncertainty based on weaker consumer sentiment and inflation concerns increases the importance of focusing on durable income growth across real estate sectors, metros, and product types. Continued strong industrial and apartment return performance is anticipated, but at a lower margin than 2021, given interest rate pressures. We expect a deteriorating performance for office and a gradual strengthening in retail performance through 2022.
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White papers
What will drive financial markets over the next five years?
Dividing a portfolio’s investments more or less evenly between developed market stocks and bonds has proved a rewarding strategy over the past few decades. The annualised return investors have secured by pursuing this approach has been in the high single digits – gains that have come courtesy of steady economic growth, an almost continuous fall in interest rates and inflation, and relatively calm financial market conditions.
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Video
Private Credit Masterclass
What is private credit, why is it worth consideration today, and how can investors access the market? Alice Foucault and Aaron Gillespie give a 10-minute overview of the market.
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White papers
Four questions on impact investing
Impact investing has been described as the new frontier for socially responsible investing. The strategy, targeting a financial return and an (extra-financial) impact, can be implemented in listed as well as unlisted markets. Here is what you need to know.
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White papers
A Case for Dividend Growth Strategies
Dividend strategies have gained a foothold with market participants seeking potential outperformance and attractive yields, especially in the low-rate environment since the 2008 Global Financial Crisis and the even lower-rate environment we have seen since 2020, as the world deals with the economic fallout from COVID-19.
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White papers
Spotlight on Fixed Income: Looking beyond the uncertainty
There is no doubt that investors today face an exceptionally tricky environment, with a host of issues clouding the outlook for global growth.
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White papers
The digital dilemma
The powerful internet communications and technology (ICT) sector has had significant transformative effects on other sectors and people’s daily lives. But in addition to the positive impacts, such as increasing access to information and services, this has led to unexpected harms and new challenges.
