White papers - all assets – Page 148
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White papers
Emerging Sovereigns and Sustainability
Global sustainability cannot be achieved without sustainability in the world’s poorer countries—so how can we address the challenges of sustainable investing in emerging markets sovereigns?
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White papers
Quick Thoughts: Defensive on the Curve
With the characteristics of low duration, lower volatility, and higher income versus other fixed income asset classes, we believe a mix of short-term high yield and floating rate debt may provide investors some level of defense in a rising interest-rate environment.
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Green News & Views: Sustaining rural communities and natural resources with Leading Harvest
Investors increasingly expect assurance that their capital will not only generate sustainable financial returns, but also contribute to a more sustainable world. Stakeholder interest in sustainable agriculture is growing rapidly with increasing attention to how agricultural systems affect and interact with the environment and society.
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Middle East North Africa Insight
After experiencing yet another year of stellar returns from global equities in 2021, investors face a good deal of uncertainty heading into 2022. Economic growth is slowing and inflation is higher than it’s been in decades, and the US Federal Reserve (Fed) is tapering its asset purchase programme and plans to raise interest rates.
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On My Mind: The Long and Winding Road…
With inflation running at multi-decade highs, Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes major central banks are well behind the curve to tighten monetary policy—and why she thinks markets still underestimate the long, volatile adjustment period that lies ahead.
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UK Equities: Where Next?
Despite the pressures on household finances, there are encouraging signs for continued UK economic growth—and attractive market valuations.
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How Deep Is EUR Love?
Thursday’s 7.5% U.S. inflation print reintroduced some volatility, but we still think the euro is building a base for a long-term relationship with its admirers.
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Top ESG equities show their resilience in 2021
Coming out of a volatile 2020, the sharp rise in inflation and the potential for rising rates were two of the key market drivers during 2021 – and certainly have been for the beginning of 2022. This backdrop does not look set to alter dramatically, at least in the near term.
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Investment Viewpoint - Global FinTech: positioning for 2022
In 2021, trends in the FinTech space accelerated and earnings were extremely robust. Valuations for loss-making, hyper-growth companies became more extreme before sheer saturation dampened sentiment.
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European equity market: the great value rotation and the dividend appeal
January 2022 was a record month for European value equity, in terms of its outperformance vs. growth. The market’s reassessment of central banks’ actions after their hawkish turn has driven real yields higher and benefitted value stocks, while growth sectors such as technology, which are more sensitive to interest rates duration, have suffered.
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Investment Viewpoint: Asia Fixed Income Outlook 2022
2021 was historic for our asset class by many accounts. Asian High Yield (HY) had its worst annual performance since 2008, down over 11% and recorded a default rate of 13%.1 There was an unprecedented USD 50 billion of Chinese HY defaults which means one third of Chinese HY defaulted in 2021.
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White papers
Reasons to invest LO Funds – Fallen Angels Recovery
Fallen angels are bond issuances which are downgraded from Investment Grade to High Yield.
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White papers
Seven Important Stewardship Themes for 2022
Martin Currie: All around the globe, 2022 will see significant changes in the stewardship landscape as it moves even more into mainstream investing.
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Franklin Templeton Investment Solutions Allocation Views: Getting spooked
Our Franklin Templeton Investment Solutions team anticipate continued above-trend growth over the next 12 months as consumers in developed economies remain in a strong financial position
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White papers
Saving the World is Hard
ESG investing has a long way to go, but why shouldn’t global financial markets do their part?
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Equity Convexity and Unconventional Monetary Policy
In this paper, we intend to gain an understanding of the drivers of stock convexity, also known as gamma.
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What’s the outlook for European asset-backed securities in 2022?
European asset-backed securities (ABS) outperformed many other areas of fixed income last year as investors were drawn by their floating rate properties and supportive fundamentals, including a resilient labour market and low arrears in underlying asset pools. But how strong is the outlook for securitisations in 2022?
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White papers
Supply Chain Strain in Labor
The second paper in our supply chain series assesses the extent of labor market disruptions in two of the world’s largest economies, and we find modest near-term labor market shortages in the euro area.
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White papers
Supply Chain Strain in Manufacturing
One of the most salient economic consequences of the COVID-19 pandemic has been the sharp disruption of global supply chains. The simultaneous emergence of large demand boosts and supply shortages led to sharp price increases.
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White papers
Responsible investment: themes to look out for in 2022
Responsible investment issues tend to have a long time horizon. However, we have identified key issues and opportunities we expect will drive change in the coming year.