All Strategies articles – Page 30
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White papersThe Big Deal About Big Data
In the present day, we are creating more data than ever before and at an exponential rate. This information can be used for purposes that were unprecedented when data was first collected. Enhancements to technology and computing power have been critical in making sense of the data that is available globally. The growth in distributed databases, where data is stored via a centralised database across several platforms instead of a single platform, allows for highly-scalable parallel processing of vast amounts of data. This can decrease processing time by several orders of magnitude for many applications.
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White papersGenerating income: Multi-Asset as a solution
Following the 2008 financial crisis, the asset management industry in Europe was characterised by a big increase in assets under management labelled as “Multi-Assets”. 2015 was again a “bumper” year in terms of net sales for these strategies with an annual increase of 22.8% in total net assets across Europe. Multi-Asset strategies have become relevant in most European countries and we believe that this trend is here to stay.
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White papersTaxable U.S. municipal bonds make sense for non-U.S. investors
As global investors continue to face falling, low, and negative interest rates, the need for alternative investments to enhance portfolio returns and performance has heightened.
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White papersSmarter beta: Multi-factor investing for corporate credit
Olivier Laplénie finds that smart beta fixed income for corporate debt is best informed by a subtle combination of bond and equity indicators
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White papersDynamic Real Return Fund Reaches Three-Year Milestone
At the end of June the Dynamic Real Return Fund celebrated its three year anniversary. The Fund targets performance of CPI plus 4%, in line with the long-run return of equities but with less than two-thirds of the volatility. The solution is offered to institutional clients at 0.50% OCF (including additional expenses).
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White papersAlternative Risk Premia: Constructing a true diversified portfolio
As investors seek to both improve risk-adjusted returns and meaningful diversification of their portfolios, they can take advantage of a portfolio of approximately 25 to 40 risk premia using a combination of risk parity, risk targeting and tactical asset management.
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White papersMind the gap: Overcoming the cognitive barriers to saving for retirement
In this paper, Chris Wagstaff considers how reasonably simple behavioural interventions can be used by policymakers, regulators and the pensions community to improve saving decisions.
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![[Summary] What constitutes a first class pensions system? Adopting a global perspective of what defines a good retirement outcome INDEX](https://dvn7slupl96vm.cloudfront.net/Pictures/100x67/5/3/0/65530_Summary_What_constitutes_a_first_class_pensions_system_Adopting_a_global_perspective_of_what_defines_a_good_retirement_outcome_index.png)
White papers[Summary] What constitutes a first class pensions system? Adopting a global perspective of what defines a good retirement outcome
In this paper, Chris Wagstaff takes a comprehensive look at pension systems worldwide; identifying those enduring principles with universal application that characterise an ideal pensions system and ultimately contribute to that all-important holy grail: generating a comfortable retirement for savers.
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![[Full paper] What constitutes a first class pensions system? Adopting a global perspective of what defines a good retirement outcome index](https://dvn7slupl96vm.cloudfront.net/Pictures/100x67/5/2/8/65528_Full_paper_What_constitutes_a_first_class_pensions_system_Adopting_a_global_perspective_of_what_defines_a_good_retirement_outcome_index.png)
White papers[Full paper] What constitutes a first class pensions system? Adopting a global perspective of what defines a good retirement outcome
In this paper, Chris Wagstaff takes a comprehensive look at pension systems worldwide; identifying those enduring principles with universal application that characterise an ideal pensions system and ultimately contribute to that all-important holy grail: generating a comfortable retirement for savers.
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White papersBrexit: Panel Discussion
Mark Burgess, Chief Investment Officer, EMEA, and Global Head of Equities, discusses the short and medium-term impacts of the UK referendum vote to Leave the European Union.
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White papersThe High-Tech Lever: Examining Technology’s Influence on the Economy
The physical limitations of our strength, our endurance, and our finite life span have actually been a catalyst to the success of our species. Human beings have used their creativity and ingenuity to continually transcend those confines.
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White papers
Style Investing in Fixed Income Markets
A disciplined, systematic approach to over/underweight securities based on well-known factors, or styles, such as value, momentum, carry and defensive, can offer alternative sources of outperformance not only within equities, where these ideas have long been studied and applied, but also within fixed income markets.
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White papersPreferred Securities: an Oasis in the Fixed Income Desert?
Following the global financial crisis, the restructuring and recapitalization of financial firms have made banks and insurance companies an attractive sector for fixed income investors.
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White papers
Value in Selecting Sectors: Sector rotation strategy based on the Shiller CAPE ratio
Each year there are significant differences between the performance of the best sector and the worst, making it more attractive to invest in the former rather than the latter.
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White papers
The flexibility of factor investing facilitates the creation of low carbon active strategies
In a research article published in 2012 in the Journal of Portfolio Management, entitled “Demystifying risk-based strategies: A simple alpha plus beta description”, BNP Paribas Investment Partners was already demonstrating that the excess return of traditional smart-beta strategies could be explained by their factorial exposures.
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White papers
Equity Controlled Volatility Strategy
Equity volatility – or the “fear factor” as popularised in fiction – recently came back to the forefront of market operators’ minds, the result of events such as the Greek crisis during 2015 and questions around China’s economic growth prospects and plunging oil prices earlier this year.
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White papers
Measuring Portfolio Factor Exposures: A Practical Guide
Why Should Investors Care About Factor Exposures?
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White papers
The last Smart Beta paper you’ll ever (have to) read
Institutional investors could be forgiven for rolling their eyes at yet another article on “smart beta.” Indeed, the hype around this topic over the last few years has been intense.
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White papersGlobal high yield multi-credit strategies: Finding sense in a nonsensical world
With 40% or more of the Eurozone sovereign debt market offering negative yields, a new investor to the global debt markets may well be thinking he has wandered into the Mad Hatter’s tea party.
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White papersAlternative beta as true diversifiers
Alternative betas can play the role of a true diversifier in a broad-based portfolio. They include various equity style factors and can be found across asset classes such as stocks, bonds, credit, currency and commodities.
