White papers - all assets – Page 156
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White papers
Green Light Central Banks, Green Light Bonds
Global investors have their pick of reasons to avoid the bond market. Inflation is at levels not seen for decades, growth is soaring, and central banks are backing away from bond purchases while some are already raising rates. Hence, the consensus is forecasting higher rates ahead and crying “abandon bonds!”
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White papers
Market Scenarios and Risks - January 2022
We are making no change to the narrative and the probabilities of the scenarios. The central scenario assumes that Covid will become endemic with multiple, albeit manageable waves, that fiscal levers will remain significant and tied to monetary policy, and that growth will come back to potential in 2023. We assume the Omicron variant will temporarily impact the recovery in Europe.
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White papers
LatAm’s political pendulum takes a hard swing to the left in 2021
2021 Covid surging in 1H and inflation swelling in 2H have contributed to the political pendulum swinging hard left in LatAm. More structurally, the commodity super cycle unwind mid last decade and the political discontent likely set the entire shift in motion. Against the general trend, some elections cycles moved in the other direction as well.
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White papers
You asked, we answer - January 2022
A number of scheduled country-level elections will carry moderate uncertainty. However, while they could bring new faces, they are unlikely to result in abrupt changes from the current generally pro-European and market-friendly stance of large EU countries’ governments.
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China’s growth cycle is turning
Senior market strategist APAC Chi Lo discusses how Beijing has shifted to a pro-growth policy and away from painful economic restructuring as growth momentum slows to levels below what is tolerable to Chinese policymakers.
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White papers
Portfolio Construction with Climate Risk Measures
Because of the 2015 Paris Agreement, the development of ESG investing and the emergence of net zero emission policies, climate risk is certainly the most important topic and challenge for asset owners and managers now and will remain so over the next five years.
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White papers
Will Rising Rates Sink Global Corporate Credit?
Brandywine Global: Certainly, spreads are tight. However, there are several factors that remain supportive of corporate credit going forward.
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White papers
Outlook 2022
The heads of our investment platforms welcome the New Year with their views for 2022.
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White papers
Investment Research - Trends for 2022
As worrying new COVID-19 variants emerge, the pandemic is still far from over, while concerns about higher inflation and rising market interest rates persist. Nevertheless, the backdrop for real estate markets in 2022 is one of transition to a new phase of recovery and expansion.
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White papers
Seeing More Clearly Through the “Value Chain Lens”
We focus on the solar energy market to show how a Value Chain Lens helps us to identify the business models and companies most likely to thrive in tomorrow’s economy.
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White papers
The Most Important Rate in the Whole Wide World
Markets may be missing the importance of record-low real rates, and the potential impact if they start to rise.
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White papers
Global Investment Views - January 2022
The resurgence of the virus cycle, central banks’ reactions to high inflation figures, and Evergrande’s unavoidable default have led to some volatility in the market, but these issues have not caused any major disruption. In the battle between growth and inflation narratives, the mantra that bad news is good news for markets continues to prevail.
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White papers
Striking a balance: Risks to growth require “light-touch” policy on inflation
The Franklin Templeton Investment Solutions assesses the likely path of economic growth and inflation through 2022.
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White papers
Engagement Spotlight: Seeking Improved Disclosure in Japan
This week, Neuberger Berman has announced that the firm is seeking improved disclosure from Daibiru Corporation regarding its decision to support its parent company and controlling shareholder, Mitsui O.S.K. Lines’ tender offer.
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White papers
Where are the Workers?
As the Federal Reserve debates its monetary tightening timeline, the labor market is an important factor to watch in the year ahead, according to our Franklin Templeton Investment Solutions team. Read their thoughts on the labor market’s implications for both monetary policy and risk assets.
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White papers
Private markets: focus on ESG and transformation
According to our 2022 Investment Outlook, next year will feature growth deceleration, persistent inflation pressure and asynchronised central bank action. 2022 will also be a pivotal year for the transition to carbon neutrality and the development of a more inclusive growth model.
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White papers
Where are the opportunities in private equity?
It’s been a bumper period of performance - across the card - for private equity. Our experts explain why returns been so strong and offer their views on what comes next.
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White papers
Predictors of Success in a Greening World
The transition to a green economy is shifting the global competitiveness landscape. As more countries, regions, and corporates commit to net zero targets, capabilities need to adapt to meet the changes in demand for products and skills.
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White papers
Tapping into China’s accelerating investment management expertise
Contrary to what some people might think, there is continued appetite among many global asset owners for Chinese securities – despite market noise and dynamic policymaking over recent months.
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White papers
Analyzing global cities in the 2020s
Post-pandemic life is on the horizon, but which global markets are best positioned to benefit over the next decade?