White papers - all assets – Page 141
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Inflation: a stubborn beast to slay
As the war in Ukraine adds to pressure on prices, investors could be facing a prolonged period of high inflation and may need to adjust their strategies accordingly.
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War Distress Hasn’t Derailed Western Growth Yet
The U.S. announced a new list of penalties against Russian elites, lawmakers, and entities, and there are discussions about imposing sanctions on Russia’s gold reserves—though not yet passed. Meanwhile, the EU and G7 are expected to announce further restrictions on business in Russia.
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Global Investment Views - April 2022
The first month of the Russia-Ukraine war has driven volatility up across the board, though with some recent signs of stabilisation in equity markets. Europe is the area most exposed to the war – in particular, through the effects of higher energy prices, supply chain disruptions, and geographic proximity, but the commodity squeeze goes far beyond energy to include agricultural commodities and metals.
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Is the spike in commodity prices sustainable?
For a glimpse of just how volatile commodities currently are, look at nickel markets. Prices doubled in early March. Then they plunged. Then the London Metals Exchange halted trading. This week, the market for nickel — a key component in electric vehicle batteries and stainless steel products — reopened but with strict trading limits.
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Making the case for climate risk-adjusted refinancing operations
Here is the third in our series of regular articles on current academic research into a range of sustainable investment topics. The papers discussed were presented at the latest annual GRASFI conference.
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Baidu case study - March 2022
Following EOS engagement, Baidu improved its disclosure on human capital management. EOS engagement contributed to the company’s understanding of bestpractice human capital management, leading to improved disclosure.
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On My Mind: The Fed Takes the Red Pill
The Fed struck a hawkish tone at its latest meeting, but Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes it still underestimates how far rates will likely need to rise—and so do the markets.
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Amundi Pension Funds Letter n°14
In this latest edition of Amundi Pension Fund Letter we turn our gaze to China. The world’s second largest economy since 2010, China is now emerging from the United States’ shadow and may well become the world’s leading economic power by 2030.
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Private credit markets – staying the course
As volatility and uncertainty buffet publicly-traded markets amid headwinds, how can long-term investors safeguard their returns? Major central banks appear out-to raise rates this year, yet floating-rate private credit could offer attractive protection in a period of higher inflation, in our view. Private lenders also proved their mettle to a range of borrowers through the global pandemic, staying the course even as liquid markets briefly dried up.
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Value stocks still cheap relative to growth sector peers
We expect the environment in the coming few years to be unusually favourable for value relative to growth stocks. Multi-factor equity strategies should prove more attractive for investors. The prospect of rising interest rates as central banks react to higher inflation further complicates the outlook for ‘glamour’ growth stocks.
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Super Funds & Master Trusts in a World of Member Switching, Early Release Schemes & Climate Calamities
As defined contribution (DC) plans have grown and have increasingly become the primary retirement savings vehicle, asset allocators are increasingly interested in incorporating illiquid private assets in these retirement funds to offer participants access to investment portfolios and risk-adjusted returns similar to defined benefit (DB) plans or larger institutional portfolios.
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Sustainability-linked bonds: like Marmite for markets?
Sustainability-linked bonds (SLBs) have grown rapidly since 2019 but the market’s preferred method for punishing companies that miss sustainability targets is flawed, argues Mitch Reznick, Federated Hermes Head of Sustainable Fixed Income.
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Facing Up to the Biodiversity Challenge
Biodiversity loss now competes with climate change as the principal challenge for sustainable finance. However, this crisis has not been addressed with the same urgency by regulators, governments, corporations, or the financial sector.
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War Accelerates Secular Policy Shifts Across Europe
ClearBridge Investments: European countries realize they will need greater stimulus and investment in renewable energy to obtain security.
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War in Ukraine: Implications and Considerations for Investors
Our first thoughts on the war are for the people directly impacted by the ongoing destruction. It is foremost an immense humanitarian crisis and a scale of warfare in Europe that many of us did not expect to see in our lifetimes. We hope for an immediate end to the conflict.
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How to Get the Most From Private Placement Debt
Private Placements can offer fixed income investments with enhanced diversification, risk-adjusted yield and downside mitigation, and as demand grows, we believe investors could benefit from an independent route into the market that is better aligned with their needs.
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Taiwan – Uniquely Positioned to Benefit From the Global Supply Chain Rethink
A country with less than 0.4% of the land mass of the United States, or 1.7% of China’s population, the island nation seems to thrive in its role as a challenger to the world’s superpowers.
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Carbon Capture and Storage: Hiding dirt under the rug or a real clean up?
The Intergovernmental Panel on Climate Change (IPCC) provides the following definition: “A process consisting of the separation of CO₂ from industrial and energyrelated sources, transport to a storage location and long-term isolation from the atmosphere.” CCS has a close cousin in carbon capture, usage and storage (CCUS) – where CO₂ can be used as a valuable product, for instance to provide the fizz in carbonated soft drinks or to freeze food.
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Q&A: impact of the Russia-Ukraine conflict on emerging market debt
Russia’s military aggression against Ukraine, which has become Europe’s largest ground war in generations, has impacted millions of people and triggered a large-scale humanitarian crisis as vulnerable Ukrainians take shelter or flee their homes. The intensification and spread of the conflict is deeply troubling and is having a devastating impact on those people caught in the crisis.
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Latin America: Navigating Shifting Political Winds
Latin America is navigating shifting political winds, as the pandemic has magnified the chronic income inequality gaps in the region.