White papers - all assets – Page 102
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White papers
Disruptive Technology Views: Web2 network effects vs. Web3 crowd effects—the coming shift in value drivers
In this issue of Disruptive Technology Views, we explore the megatrend “expanding power of the crowd”; explain Web3 “tokenomic” supply; and introduce “QuantaVenture” capital, a new approach to venture capital.
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White papers
5 things to know about the future of semiconductors
How fast things can change: there was a major shortage of semiconductors at the start of the pandemic, and now the industry is grappling with too much inventory in parts of the supply chain. This has led to a sell-off in semiconductor stocks and prompted questions about the depth and duration of this downturn.
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White papers
Investment Outlook – Positive but tempered return expectations
There were few places to hide in 2022. Inflation, monetary policy tightening and geopolitical risks marked a stark contrast to the drivers of returns in 2020 and 2021; the backdrop ultimately forced a revaluation of fixed income and equity assets. From low to high inflation, and from low to high interest rates, returns suffered as markets adjusted to the new paradigm.
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White papers
COP27 – what happened?
Prior to the COP27 climate negotiations in Egypt, we set out our expectations on what the meeting might achieve. As we anticipated, there was intense focus in Sharm El-Sheikh on the impact of the changing climate, after another year of weather extremes. As also expected, the backdrop of rising costs and energy security provided the political headwinds to spur some progress.
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White papers
Amundi Pension Funds Letter n°16
December, the month where festive end-of-year preparations and celebrations shift into top gear, just as commentators become busy reflecting on the past year and making predictions for the next.
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White papers
Pension funds: reorienting asset allocation in an inflation-fuelled world
After a prolonged era of cheap money and double-digit returns, the sharp spike in inflation to its 40-year high in 2022 was a game changer.
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White papers
Macro outlook – The clouds around the inflation peak
The inflation shock has defined 2022. Not primarily because as usual, by eroding purchasing power and corporate margins it has hampered consumption and investment – private spending has been remarkably resilient actually in the developed world given the circumstances – but because it has marked the end of an era for monetary policy.
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White papers
2023 European fixed income outlook: Inflation likely to remain elevated
Europe faces a shallow recession, which markets have mainly priced in, but bond yields are likely to rise further before they stabilize, according to Franklin Templeton Fixed Income’s Head of European Fixed Income, David Zahn. However, he continues to believe that shrewd investors can find compelling opportunities among European bonds.
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White papers
Food accessibility and security: An investment intangible
Explore issues stemming from food security and the impact financial markets can have in addressing potential solutions.
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How is private credit positioned to circumnavigate the challenges ahead?
In the current inflationary, rising rate environment, private credit may be well-placed to help steer through the various challenges ahead due to its largely floating-rate nature, as well as other attractive structural features.
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White papers
The Market Effect of Acute Biodiversity Risk: the Case of Corporate Bonds
In this paper, we investigate the relationship between biodiversity and companies, through the lens of corporate bonds. We focus on acute biodiversity events and address biodiversity as a risk, considering its looming losses.
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White papers
Driving toward new frontiers; Nuveen’s stewardship report
Welcome to the Nuveen 2021-22 Stewardship Report. For more than 120 years, along with our parent company TIAA, we have helped millions of investors achieve long-term financial health.
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White papers
Europe’s Political Strength Will Buffer the Coming Downturn
The recession will be painful, but the “old continent” is proving surprisingly adept at facing new challenges
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White papers
Gaining exposure to inflation: linkers versus swaps
In the latest instalment of Simply put, where we make macro calls with a multi-asset perspective, we explore the different options for hedging inflation via fixed income products and outline why we believe investors should favour inflation swaps.
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White papers
Equities: Not All Growth is Created Equal
The indiscriminate sell-off in growth companies is creating potential opportunities in ‘true’ growth stocks, which are becoming increasingly undervalued amid the broader market decline.
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White papers
Semiconductors: The Darkness Before the Dawn
Given the headwinds of a cyclical downturn in demand, high inventories, and rising tensions between China and the U.S., the semiconductor sector is being challenged. But there are a growing number of reasons to be optimistic about the share prices over the medium term.
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White papers
Capturing value in plastic waste
Today, the vast majority of plastic goes to waste, failing to tap into a potentially valuable resource. We consider the transition to a more circular plastic model and the key investment areas that show promise.
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White papers
CIO views: adapting to a new rates regime in 2023
If 2022 was a year of regime change for investors, what comes next in 2023? A new rates reality is taking shape, with implications for everything from company earnings to debt serviceability to correlations between asset classes. Our CIOs consider the transition to higher rates as a key driver for their outlook next year.
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White papers
Global Investment Views - December 2022
Markets have seen some relief in a year that overall is likely to be remembered as among the most challenging for investors. But the negative trend reverted somewhat with gains for the S&P 500 and select Treasury Indices.
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White papers
Investing in 2022, a year of regime change
Like financial risk, change can also cluster. Revisiting our CIO views published over 2022, we consider the seismic shifts in the investment landscape and how our strategies adapted dynamically to the new environment to make the best of it for investors.