White papers - all assets – Page 124
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White papers
H2 2022 Investment Outlook - Life above zero: investors’ journey at a time of rising rates
We started the year with expectations of strong growth and high inflation throughout the first part of 2022. The Russia-Ukraine war accentuated the inflationary trend, now well above Central Bank (CB) targets, which is now set to persist longer than expected.
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White papers
Finding a third way between throttling energy demand and dirty fossil fuel
The war in Ukraine is significantly impacting energy security, particularly in Europe. Beyond oil & gas markets, the conflict has a variety of negative macroeconomic effects. Notably, the fighting in Ukraine and the resulting sanctions on Russia are disrupting commodity supplies, exacerbating ‘cost push’ inflation set in motion by the pandemic and its aftermath.
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Sticker Shock Sinks In
Investor sentiment has whipsawed in recent weeks amid focus on growth risks. U.S. and euro area PMIs underperformed and real U.S. spending fell for the first time since November. On the other hand, China has taken a step to relax restrictions. Watch for U.S. jobs data next week.
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ESG Global Study 2022
Many investors are contemplating how to integrate environmental, social and governance (ESG) issues into their investing decisions. In this, our second ESG annual study, we surveyed more than 1,100 global professionals, including advisors, consultants and intermediaries. The result is a comprehensive report providing in-depth ESG insights, thoughts on ESG trends and views regarding ESG regulation.
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Enhancing customer experience on the Indiana Toll Road and building pathways to a diverse ability talent pool
Customer and community stewardship are high on the agenda at Indiana Toll Road Concession Company (ITR), the company managing the 157-mile-long toll road stretching across Northern Indiana in the US.
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White papers
Laws of Economics Strike Back
Franklin Templeton Fixed Income believes further hawkish surprises lie ahead, as even the current expected policy path would leave real interest rates negative well into next year. Their latest Fixed income views explore the implications for investors.
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2022 Midyear Outlook - Long-term perspective on markets and economies
We are living through a pivotal time in history, marked by geopolitical realignment, high inflation, volatile financial markets and the end of a 40-year period of declining interest rates. The title of this new era could be Brave New World or Back to the Future. But the title I would select is Revenge of the Boomers, because a lot of these events are rhyming with the past, particularly the early 1960s.
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What is the impact of Covid and the Ukraine crisis on fiscal policy?
The past two years have brought not one but two generation-defining events – Covid and the war in Ukraine. Together, they will leave a far-reaching economic and societal legacies.
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With inflation on the rise, what is the long-term economic impact?
Inflation’s resurgence during the past year has awakened fears that the global economy has returned to the 1970s – a period when growth stagnated and central banks lost control of price stability. That’s too pessimistic a view.
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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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White papers
Responsible Investment Quarterly - Q1 2022
Welcome to the newly designed Responsible Investment Quarterly. Over a number of years we have developed the publication to showcase Columbia Threadneedle Investment’s responsible investment (RI) capabilities across Europe, Asia and the US. In this new incarnation we wanted to focus more on the RI research embedded within our investment process, and how it supports and furthers our investment approach across the globe.
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White papers
Focus on Spain: macroeconomic projections and fixed income view
Under our scenario and assumptions, Spanish GDP is projected to grow at 4.2% in 2022, moving below 2% in 2023, significantly below Banco de España projections for 2023 and 2024 at 2.8% and 2.6%, respectively, as we expect the current environment of higher energy and gas prices and high inflation to negatively affect consumers, companies and activity.
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Macroeconomic projections for the Italian economy and fixed income implications
Amid the cost of living crisis, ongoing since last autumn, Italy saw unexpected resilience in Q1 as the initial GDP growth estimate of -0.2% was revised up to 0.1% QoQ. However, there was no good news on domestic demand: a 0.8% QoQ contraction in household consumption does not bode well for the future, as consumer confidence declined further during Q2.
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White papers
Optimising the core – how insurers can enhance fixed income portfolios
Insurers are increasingly looking to broaden their staple diets of traditional fixed income and introduce exotic flavours of credit to the core investment portfolio in order to satisfy their appetite for higher risk-adjusted returns, diversification of risk and greater capital efficiency.
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White papers
Did You Miss the Commodity Boom?
Commodity prices are up substantially this year, but we believe structural supply and demand imbalances mean we are still in the early innings of this cycle.
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White papers
What links impact investing and private equity?
In impact investing, investments can contribute to a measurable positive social and/or environmental impact alongside earning financial returns. In our view, impact investing strategies work particularly well in private equity.
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White papers
*Private market assets: the new funding stream that’s here to stay*
Private market assets have transformed the investment landscape in the 14 years since the global financial crisis.
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White papers
Fighting inflation: What the latest Fed move means for investors
The first month of summer came in hotter than expected. Data released in June showed that annual headline CPI inflation—previously thought to be cooling—had touched a new 40-year high.
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White papers
After the Revaluation, the Slowdown
Our Asset Allocation Committee believes that, whether we enter a recession or not, the expected slowdown and ongoing market volatility could feel like one for investors.
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Cash dethroned: reallocation opportunities for insurers under Solvency II
‘Cash is king’ remains at the forefront of many defensive allocations for insurers operating under Solvency II. However, ultra-low cash rates, rising short-term bond yields and inflation are all a material drag on portfolio returns. We believe it is possible for these insurers to reallocate a strategic part of their cash holdings to potentially higher-yielding, liquid, defensive assets without incurring excessive risks or capital costs.