White papers - all assets – Page 174
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White papers
The case for European Core
Europe offers twin benefits of stable returns with lower volatility and diversification to international investors with a deep opportunity across markets and sectors. Increased weighting towards logistics and residential, despite elevated pricing, ought to “fix” European relative underperformance while further enhancing stability of return.
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White papers
The Great Reckoning—Reflecting on the Evergrande Saga
China’s economic growth deceleration, triggered by a zero-COVID-19 policy and multi-faceted regulatory tightening, has been of increasing concern to global markets. Removing excesses and improving the health of the property sector have been objectives of the more stringent regulatory environment, but these efforts have resulted in acute financial duress for Evergrande, one of the China’s largest and most indebted property developers.
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White papers
German election remains open, with an eye on the green transition
Almost certainly, either the SPD – if its recent surge in the polls is to be trusted – or the conservative CDU/CSU will come first in terms of votes and seats, unless the Greens manage an unexpected comeback. However, as has happened in previous elections, no party will secure a majority in the Bundestag by itself. Polls indicate that for the first time a three-party coalition will be required to form a majority government.
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White papers
ESG Thema #3 - How can investors contribute to Net Zero efforts?
While carbon emissions have been increasing slowly despite efforts to bring them down, “net zero” commitments, however, have skyrocketed. Setting climate objectives used to be the appanage of public actors, but no longer. Investors are increasingly on board and net zero alliances exist for all kinds of financial institutions: asset owners, banks, asset managers. On top of that, at the COP26 in Glasgow, a net zero alliance of alliances will be launched “the Glasgow Financial Alliance for Net Zero”.
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White papers
Where next for credit markets?
There are a host of challenging questions for credit investors right now, among them:
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White papers
Financial inclusion: an economic opportunity for all
Almost a third of adults globally (about 1.7 billion people) remain unbanked, half of whom are from the poorest 40% of the world population.
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White papers
COVID-19 Strained Participant Financial Wellness: Can Employers Help Them Recover?
With COVID-19 still a top employer concern, protecting workers’ health and well-being naturally comes first. But the pandemic’s impact isn’t limited to only physical and mental health: financial wellness is also ailing. The crisis has exacerbated the problem, but it’s not exactly a sudden occurrence.
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White papers
ECB’s shy monetary policy turn has started
ECB’s Governing Council have decided on a “moderately lower pace” of PEPP purchases based on an improved inflation outlook amid favorable financing conditions. Quite importantly, the decision was taken unanimously.
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White papers
Europe’s recovery is booming, but is inflation here to stay?
Mauro Valle, head of fixed income at Generali Investments Partners S.p.A. Società di gestione del risparmio and manager of the GIS Euro Bond fund range, discusses why he is cautious on inflation risk and why the outlook is positive for Italian government bonds.
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White papers
China’s Regulatory Tightening: Our View On Goals And Scope
China’s government recently enacted new regulations on a number of industries, which has caused some investor concern.
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White papers
Regulatory tightening explained: A strategic policy shift and the outlook for China’s private sector
What should investors make of the flurry of regulatory tightening that China has implemented since the second half of 2020? How do the measures fit into China’s central strategy as it seeks to strengthen its domestic sector and embarks on long-term strategic competition with the US?
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White papers
The GCC Market in a Green-Energy World
Natural resources are increasingly important in GCC economies when discussing asset classes, and the region has a lot to offer in terms of ESG improvements.
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White papers
Quick Thoughts: Addressing Undiversified Risk
Our Chief Market Strategist, Stephen Dover, and Katrina Dudley, Investment Strategist for Franklin Templeton Mutual Series, discuss diversification risks.
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White papers
Case study: Helping a bank publicly report on its sustainable hedging activities
Banks increasingly have a mandate set out by their leadership to prioritize “Sustainable Hedging;” that is, derivatives trading that supports the financing of sustainable business projects. Some even have specific lines of credit set aside for this type of trading activity.
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White papers
This Is Not a 60/40 Environment
The shift to a mid-cycle expansion beset with unusually high levels of uncertainty could bring a new test for asset allocators.
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White papers
October Surprise?
It has been 11 months since the last 5% correction in equity markets, and the coming weeks present a number of significant potential risks.
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White papers
Vaccinations and Boosters; the U.S. Food and Drug Administration (FDA) Makes a Strong Statement
We thought it would be helpful to opine on conflicting data with respect to the potential protection afforded by natural immunity versus that derived from vaccination, as well as the recent FDA decision to recommend COVID-19 boosters for those over 65 years of age and/or at high risk of severe COVID-19.
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White papers
Europe’s Most Endangered Species
As fiscal “hawks” fade from the scene, the continent’s economic policy is transforming in ways that will boost growth long after the pandemic ends.
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White papers
Central bank digital currency: clean atomic monetary energy or financial fallout risk?
In a search for the monetary theory of everything, Fiorino delves into the emerging field of central bank digital currencies…
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White papers
Shifts & Narratives #8 - Post-summer check-up on the regime shift
Investors have enjoyed stellar performances over the last twelve months. A 60/40 traditional global equity/bond portfolio1 returned around 19% on a one-year horizon, well above even the rosiest expectations of the recovery from the Covid-19-induced slump. The S&P 500 is up +100% from last year’s bottom – an iconic figure that says a lot about the buoyant market sentiment.