All Strategies articles – Page 30
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White papersFloaters in Alternative Credit will help keep portfolios buoyant
The future is looking less certain for investors, also in fixed income. After a bull run lasting more than three decades, the prospect of western economies winding down quantitative easing and normalising their monetary policies creates the prospect of a more challenging, rising rate environment.
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White papersShared Thinking: In Pursuit Of Positive Skew
There are significant benefits to steering portfolios towards an improved skew in their profile of returns.
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White papersAnalysing the Exposure of Low-volatility Equity Strategies to Interest Rates
At the dawn of a potential rise in rates triggered by Central Banks in both Europe and the United States, doubts are being raised about the ability of low-volatility portfolios to continue to deliver robust performance.
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White papersThe Science and Art of Multi-Asset Investing
Generating consistent returns under uncertain conditions is a challenge. Can multi-asset strategies make the job a little easier? We think so. But a lot depends on how they’re designed.
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White papersThe paradox of passive. Beware of feedback loops
While we understand and generally concur with the desire to implement portfolios cheaply, investors should always be cognisant of what they are buying.
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White papersThe acid test of active management
Active managers are more likely to outperform in certain market conditions, but our research finds that there is also a group that can outperform whatever the weather.
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White papersA Guide to Alternative Risk Premia
For years, academics and investors have been researching sources of return to understand what drives outperformance. Increasingly, this research has been focused on alternative risk premia strategies, a form of factor-based investing which is now entering the mainstream.
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White papersAn unconstrained approach to liquid risk premia research and construction
Liquid Risk Premia, sometimes called Alternative Betas, are return opportunities associated with second-order capital market risks that are in themselves not dependent upon assuming some form of market direction.
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White papersFactor Investing: Diversifying risks to enhance long-term performance
For a long time, traditional equity investing has aimed at generating returns rather than managing risk. But in recent years institutional investors have started to change their attitude: mitigating risk is now more important than maximising returns.
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White papersGlobal Investment Views: October 2017
Ongoing dovishness from Central Banks and higher geopolitical risks are the divergent forces driving financial markets at this point.
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White papersUnderstanding the Momentum Risk Premium
Momentum risk premium is one of the most important alternative risk premia. Since it is considered a market anomaly, it is not always well understood
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White papersEconomic Insights: September 2017
Global expansion stays on track: The global economic recovery that began in early 2016 has reached a self-sustaining velocity.
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White papersValue resurrection on pause, but for how long?
Value investing has had a tough decade of underperformance. This seems to have led many investors to ignore the extensive research showing how value investing outperforms the market over longer time horizons, and today many are under-allocated to value stocks. However, history suggests that periods of value underperformance always end – and often they end abruptly - as we saw last year. The question is whether the factor rotation seen in the second half of 2016 was a one off event, or the beginning of a more sustainable comeback.
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White papersThe Quest for Diversification: Why Does It Make Sense to Mix Risk Parity, Carry and Momentum Risk Premia?
Diversification should be the first objective of any large institutions because managing risk is a key source of long-term performance.
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White papersCross Asset Investment Strategy: September 2017
Find the latest edition of Amundi Research team’s monthly publication.
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White papersCross Asset Investment Strategy: The euro’s appreciation - causes, outlook and consequences
The euro remains undervalued according to the majority of valuation models and is boosted by a domestic economy that has strengthened considerably since the beginning of the year.
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White papersResponsible Investment Quarterly: Q2 2017
The second quarter of any year is a busy period in responsible investment, but this year more than ever.
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White papersWhy we are counting every woman
The financial services industry should be known as one where women can have long, successful and highly rewarding careers and we are encouraged by the fact that companies across the European financial services markets now have gender diversity on the agenda.
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White papersThe economic implications of the US withdrawal from the Paris Agreement
When the US withdrew from the historic Paris Agreement in June, it drew criticism from around the world.
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White papersThe outcome of Brexit matters for the UK’s balance of payments
Ben Rodriguez argues that Brexit could have a significant impact on the UK’s balance of payments, which would, in turn, influence returns from UK assets.
