White papers - all assets – Page 126
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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
Energy shock: War sparks bond risks and opportunities globally
Views from our fixed income experts on how the shift toward a zero carbon future impacts sovereign debt in Europe, the importance of credit fundamentals among US shale-oil companies and how rising rates are creating different outcomes in emerging markets.
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White papers
The Fed presses harder on the brakes
Financial conditions continue to tighten, but perhaps not fast enough. Job creation remains strong and consumer spending and inflation are running hot, so the Fed accelerated its rate of interest rate increases, hiking by 75 basis points at its June meeting.
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White papers
Multi-Asset Allocation Views: Finding alternatives in bonds
In this Allocation Views, our Franklin Templeton Investment Solutions team remove their allocation preference for equities and discuss the attraction of government and corporate bonds.
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A focus on inflation
The conflict in Ukraine has delivered a commodity price shock similar to that of the early 1970s, shattering hopes that the inflationary uptick may prove to be transitory.
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White papers
Why it is essential that we close the SDG data gap, and how it can be done
As sustainable finance evolves from ESG ratings and risk management, investors are increasingly asking for tools to help align their investments with actual sustainable outcomes. Now, Danish fintech Matter and BNP Paribas Asset Management have developed a dataset that provides a detailed, conservative analysis of how the revenues of more than 53 000 companies align with the UN Sustainable Development Goals (SDGs).
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White papers
A compelling entry point for MBS
Mortgage-backed securities (MBS) opened 2022 with drawdowns not seen in 40 years and high volatility that tracked the MOVE Index, a measure of uncertainty in the bond market.
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White papers
Descending From Extremes Is a Rocky Process
To understand the current volatility, it helps to get reacquainted with just how out of whack things were coming into 2022—in terms of both magnitude and timing.
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White papers
Aluminium: Investing into the decarbonisation paradox
In this latest edition of our quarterly Spectrum report, experts from Federated Hermes consider the question of aluminium. The lightweight metal will play a crucial role in the energy transition but will need to address its own carbon footprint first.
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White papers
A Scenic But Treacherous Trail
Aggressive central bank tightening and declining purchasing power suggest the slowdown in growth should be steep, and faster than the inflation slowdown.
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White papers
Emerging Market Green Bonds - Report 2021
Significant investment is required to build resilient economies capable of addressing the current climate and environmental challenges. This need is particularly crucial in emerging market and developing economies (EMDEs), which are relatively more vulnerable to the impacts of climate change. More broadly, large-scale investment estimated to be as high as US$4.5 trillion per year in EMDEs is required to achieve the United Nations Sustainable Development Goals (UN SDGs). -
White papers
Significant catalysts ahead for environmental solutions
US renewables shares rose significantly after news the Biden administration would freeze new tariffs for solar imports from four Asian nations, providing a boost for renewable energy use in the US. Stocks were also supported by reports of progress on a US budget ‘reconciliation bill’ that could include USD 300 billion in climate and energy provisions, including tax credits.
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White papers
The embarrassing legacy of financial capitalism: implications for investors
In the ongoing regime shift, investors have to deal with significant legacies stemming from the previous regime (the one initiated under former Fed Chair Paul Volcker), namely two forms of inflation: asset price inflation over the course of three decades and more recently inflation in the price of goods and services.
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White papers
Shifts & Narratives #20 - Stagflation and its roots in capital misallocation
In the ongoing regime shift, investors have to deal with significant legacies stemming from the previous ‘Volckerian’ regime, namely two forms of inflation: asset price inflation over the course of three decades and, more recently, inflation in the price of goods and services.
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White papers
Responsible Lending: The Myth of the Perfect Investment
If building a sustainable bond portfolio sounds tidy and straightforward, it isn’t. The auto industry illustrates the difficulty of finding a perfectly sustainable private sector investment.
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White papers
Stickiness and science parks
This research article focuses on the stickiness of companies (their tendency to stay, or leave) on Dutch science parks, factors which influence this behaviour and possible solutions aimed at increasing the duration of stay of tenants.
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White papers
India: Three themes driving growth
India is a dynamic urbanizing economy with a rapidly expanding middle class. Read more about this vast economy and why it is an attractive investment destination.
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White papers
EMD resilience to be put to the test—again
This paper provides an update on performance and drivers for the sovereign emerging market debt (EMD) asset class this year. The final sections lay out the main improvements and strengths that we believe will allow EMD to navigate these troubled times, proving the asset class’s resilience again. These include improving balance of payments due to high commodity prices, decisive central bank policy, robust growth outlooks and better managed debt stocks.
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White papers
The impact of the Ukraine crisis on climate change
There are no doubt multiple factors that led to Russia’s decision to invade Ukraine. One was likely to have been a calculation that European dependence on Russian fossil fuels – particularly gas – would limit the severity of any resulting sanctions on Russia from the West.
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White papers
Fixed Income: High Yield is not a meme stock
Brandywine Global: With defaults so low and fundamentals, such as interest coverage and leverage, still strong, we believe the case for high yield is even more compelling today.