White papers - all assets – Page 160
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White papers
Society’s Digital Transformation Continues to Expand
Franklin Equity Group’s Jonathan Curtis suggests that the digital transformation seen during the pandemic for a subset of companies and themes will broaden and extend as the world re-opens.
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White papers
Why farmland now? A store of value during economic uncertainty and inflationary periods
The current financial environment highlights that now more than ever is an attractive time for investors to diversify their portfolios into safe haven assets that protect against uncertainty and inflation.
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Fed officials’ discomfort is growing with the inflation overshoot: why it will remain cautious
US consumer prices jumped by 6.2% in October, their highest level in 30 years! Deteriorating inflation data have pushed markets towards forecasting a faster pace of tapering and a more rapid removal of accommodation in 2022. We expect the Fed to act gradually as Covid remains a major risk and as the Fed would like to see a higher participation rate.
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White papers
Market Scenarios and Risks - December 2021
We change the narrative and the probabilities of the scenarios in line with our 2022 Outlook. The central scenario assumes that Covid becomes endemic with multiple waves albeit manageable, fiscal levers remain significant and tied to monetary policy and growth comes back to potential in 2023.a
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White papers
Geopolitics of the vaccine: variance risks
Covid-19 vaccines have been rolled out for a year now. Despite official commitments to provide access to effective jabs to all countries, production constraints and national priorities have resulted in uneven distribution, with some countries close to 100% vaccination rates while others are still below 5%.
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White papers
ESG bond market bound to deliver another record year of growth
Global ESG bond markets are bound to deliver another record year of new issuance volumes, led by broad-based dynamic activity in all its major segments. In the first nine months of the year, combined global issuance of green, social, sustainability and sustainability-linked bonds were already equal to 145% of global ESG bond supply in full year 2020.
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White papers
Q3 earnings season: results better than expected but doubts remain about next year
Q3 21 results were generally well above expectations, which was not taken for granted given the bottlenecks and higher input costs. However, the 2022 consensus remained very cautious, with EPS forecasts at best equivalent to nominal GDP growth! Good surprises cannot therefore be ruled out.
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White papers
Our best investment ideas
Broadly speaking, valuations across public equities around the world appear full, but we see opportunities across sectors and markets. We expect valuations to be relatively flat next year.
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White papers
Why effective carbon pricing can be pivotal in accelerating the net-zero transition
Carbon pricing is a critical policy tool to promote decarbonisation and achieve CO2 emission reductions in line with the goals of the Paris Agreement on climate change.
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White papers
Human rights, corporate wrongs & investment impacts
Respect of human rights can help drive the long-term sustainability and success of any corporation. For certain strategies that target sustainable outcomes, we seek to invest in companies whose output is beneficial to society and achieved sustainably, respecting the rights of all stakeholders.
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White papers
Revolution on the horizon: will the Dutch pension system still set the bar for sustainability, adequacy and integrity?
Despite the seismic demographic, economic and regulatory shifts that have challenged many other pension systems over the past couple of decades, the Netherlands’ three-pillar pension system, introduced in the 1950s, remains uniquely generous in many respects, with collectivity and intergenerational risk sharing central to the system’s ethos.
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White papers
Focusing on the evidence: 360°, Q4 2021
What is our current view of fixed income markets? And where do we see the best relative value? In our latest edition of 360°, Andrew ‘Jacko’ Jackson and his team of specialist investors consider the areas that have the potential to deliver superior risk-adjusted returns.
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White papers
Real Rates Are the Key to This Cycle
Most of the consensus trades for 2021 failed in the second half of the year, and we think understanding why could be critical to unlocking the rest of this unique cycle.
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White papers
Lessons from COP26: ‘World faces a larger climate-change bill than leaders admit’
Experts have identified the environmental damage caused by many of the world’s rich countries, but leaders are failing to budget to fix the problem
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White papers
What Rhymes With “Transitory”?
The search continues for a word that describes inflation that will not derail the recovery.
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White papers
Exclusive research from Lombard Odier and the University of Oxford on green competitiveness in the global economy
The world is entering a phase of evolving comparative advantage, as environmental challenges become increasingly pressing. Who are the likely winners and losers from this transition?
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White papers
DB plans in their End Game in the post-pandemic era
An inopportune toxic confluence of three unrelated forces has badly undermined the finances of employer-sponsored defined benefit pension plans, in which employers bear most of the risks involved in providing decent retirement pensions to their employees.
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White papers
Growth, Inflation, and ESG: Economic Trends and Investment Themes for 2022 and Beyond
Our Franklin Templeton Investment Solutions team recently brought together experts from across Franklin Templeton’s various investment groups for their third annual Investment Symposium event.
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White papers
Graph Neural Networks for Asset Management
In this research article, Amundi Quantitative Research explores the use of graph theory and neural networks in asset management. In particular, they show how new alternative data such as supply chain databases require new tools to fully exploit this information.
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White papers
Does the end of China’s love affair with property spell heartbreak for investors?
Beneath the surface of the world’s most important industry sector, all is not well, and investors – directly or indirectly exposed – will be profoundly impacted by what the Chinese property sector does next, writes Robin Usson, CFA, Credit Analyst