White papers - all assets – Page 176
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White papers‘Tis the season to be jolly? The retail outlook says otherwise
The economic outlook looks neither calm nor bright for UK and US non-food retailers this Christmas amid weak consumer confidence across the sector.
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White papersCentral banks ramp up rates in shadow of recession
US Federal Reserve raised rates by 75bps for fourth time in a row this week, while the Bank of England’s 75bps hike was its largest for three decades.
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White papersWhy cheap palm oil is a price the planet can’t pay
Demand for palm oil continues to rise due to its cheapness and versatility, while growers benefit from high yields. But this insatiable demand exacts a steep environmental toll, as the clearance of tropical rainforests for palm oil plantations contributes to climate change and biodiversity loss.
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White papersMarkets take fright as Xi assumes total control
Chinese equities had a volatile week following the ruling Communist Party’s twice-a-decade congress in Beijing that confirmed President Xi Jinping’s third term backed by a cadre of loyalists.
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White papersUS Inflation Reduction Act: a strong force to accelerate energy transition technologies
In August, the US passed a major milestone in climate policy with the introduction of the Inflation Reduction Act (IRA). As the largest piece of federal legislation ever to address climate change, we believe it will have a profound effect across industries for decades to come.
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White papersTailwinds hasten hydrogen’s cost-competitiveness, albeit demand still lags
Our original research review of the hydrogen economy a few years ago led us to conclude that hydrogen would play a key role in decarbonisation.
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White papersResponsible Investment Quarterly Q3 2022
The third quarter of this year continues to be dominated by the implications of the energy crisis, but there was also a significant new development in the US, with Congress passing the Inflation Reduction Act (IRA). We believe both these events will accelerate the uptake of renewables and accelerate decarbonisation over the next decade.
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White papersESG Thema #11 - EU Sustainable Finance Action Plan: State of play
Countries and corporates’ carbon reduction plans are still falling short of the 1.5°C target in order to align with the Paris Agreement. According to the Climate Policy Initiative, an additional $1.6 to $3.8 trillion per year is required to finance the energy transition.
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White papersFixed Income Perspectives - October 2022
Quarterly macro and market insights from Capital Group’s fixed income team
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White papersESG Viewpoint - Drivers of Deforestation: how we are working to put the brakes on deforestation in automotive supply chains
When you purchase a new car, you may not realise that the leather on your seats may be driving deforestation in the Amazon, or the rubber in your tyres could be forcing orangutans closer to extinction.
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White papersThe pursuit of consistent income streams
Generating income is a key role of fixed income. For investors, the durability of income streams becomes more important amid heightened volatility in both equity and bond markets.
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White papersUS mid-term election: no red tide
Election result: The outlook for the House of Representatives (House) and the Senate remains uncertain and the situation remains fluid. Republicans are still expected to have an eventual slender majority in the House, but a Democratic majority remains a possibility.
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White papersHow Long Will 75bps Stay in Vogue?
After an initial dovish reading of the FOMC statement, Jay Powell’s tone was firmly hawkish and led to a reversal in risk sentiment and a higher market-implied terminal rate. While the BoE also hiked 75bps, the bank signaled a lower endpoint. All eyes are on inflation data next week.
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White papersImpact investing: the insurance experience
TIAA’s chief investment officer and Nuveen’s head of responsible investing discuss how the General Account has built its targeted impact investing program while incorporating direct, measurable environmental and social goals across the portfolio.
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White papersHow Life Insurers Account for Realized Losses May Cause Unnecessary Pain
An accounting method long used by life insurers has come under pressure amid rising rates and wider credit spreads, potentially setting the life insurance industry up for large unrealized losses. But there may be a solution.
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White papersMacroeconomic Picture - November 2022
United States: We cut our growth expectations on the back of tight and fast monetary policy action. We call for an extended period of sub-par growth for 2023-24, with increased downside risks from H2 2023.
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White papersMarket Scenarios and Risks - November 2022
We maintain the probabilities of our scenarios unchanged. Some of the risk factors we identify may occur in our central scenario, which is probably not yet fully priced-in by markets.
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White papersFalse sense of security from easing energy prices
Natural gas prices have plunged since their summer peak, supported by ample stocks and by the EU emergency measures. While near-term stress has eased, longer-term supply/demand tightness remains, calling for higher risk premiums. As Russia loses its leverage, demand elasticity and weather might be the new pivotal gas drivers.
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White papersFor the Fed, the impossible QT
The Fed has started shrinking its balance sheet as part of its fight against elevated inflation. However, QT is being challenged by the Fed’s new role as a counterparty of money-market funds. The process would be greatly improved if the Treasury were to announce a debt buyback financed ...
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White papersWhere is China heading to
China’s cyclical recovery outlook hinges critically on developments in Covid-19 policy. Housing will become less of a drag as the sector manages an L-shaped landing. In the long run, China faces multiple structural headwinds. It will be difficult for it to maintain the miraculously high growth it experienced ...
