White papers - all assets – Page 187
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White papers
Quick Thoughts: A Very Hot Housing Market Globally
Our Chief Market Strategist, Stephen Dover, discusses how the pandemic may have globally fueled inflation in housing and the supply chains that build them.
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White papers
Inequality: what is at stake (2/4)* - Pro-Piketty and Anti-Piketty: A review of the literature in 20 topics
No one is disputing that Piketty’s books are ground-breaking, that his research and his team’s research are fundamental, or that their databases and reports are invaluable. Moreover, this research puts economics back in history, which is highly commendable.
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White papers
Inequality: what is at stake (1/4)* - Globalisation, growth, financial liberalisation and inequality
With the misdeeds of globalisation, the rise in inequalities and the resulting perception of injustice have been subjects that have fuelled many debates for a little over ten years. The theme of inequalities has even come to the centre of many political programs.
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Robo-Advising for Small Investors: Evidence from Employee Savings Plans
We study the introduction of robo-advising on a large representative sample of Employees Saving Plans. The robo-advisor proposes a portfolio allocation and alerts investors if their allocation gets too far from the target, while investors remain free to follow or ignore the advices.
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When the Chips Are Down
The global semiconductor shortage is often characterized as a short-term supply-and-demand imbalance, but we think it reveals a vast and secular need for investment capital.
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The Circular, Edition 2, 2021
The Circular cuts to the heart of the issues that matter in the second ESG quarterly update for 2021..
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A Sustainable Future In Global Emerging Markets
Measuring and reporting the real-world contribution of our investments.
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Harnessing the Potential of Private Assets: a Framework for Institutional Portfolio Construction
Institutional portfolios such as corporate pension plans are increasing allocations to illiquid private assets seeking better returns and diversification. However, as allocations increase, a portfolio’s liquidity structure changes, sometimes abruptly. How can a CIO increase their confidence with private asset allocations and unlock their potential?
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White papers
Action now! Accelerating litigation to meet climate targets
A landmark legal ruling in the Hague has ordered Royal Dutch Shell to move faster to bring its emissions in line with the Paris Agreement on climate. Thomas Tayler, a trained lawyer and senior manager at Aviva Investors’ Sustainable Finance Centre for Excellence, assesses the fallout.
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Tesla, the halo effect and reasons for CEO departures: What does the data say? Our monthly data-inspired series
In the latest instalment of our visual series on topical data themes, we look at Tesla’s market cap relative to the European “Big Five” carmakers, the average CSR spending of FTSE 100 companies versus their procurement budget and the most common reasons for a CEO to leave a company.
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Carbon Credits: Seeing the wood for the trees
As governments and companies strive to reduce carbon emissions and achieve net zero, questions are being asked about the role of natural climate solutions. We analyse differing approaches to offsetting and their impact on forest management.
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Filtering Shades of Green through our Green Bond Framework
Green Bond issuance is surging, but not all Green Bonds are equal. Some carry a much greater ESG impact than others.
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White papers
The Case For Central Bank Action On Climate Change—An Evolution To Facilitate A Revolution
The traditional view of central banks’ role no longer appears to align with government objectives and the public’s growing desire to address climate change.
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White papers
Measuring and Pricing Cyclone-Related Physical Risk under Changing Climate
We propose a statistical methodology to quantify the financial implications of tropical cyclone-related physical risks implied by climate change.
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White papers
Infinity and beyond banks: the never-ending battle between old money and big tech
This month, Fiorino examines the tussle between banks and the increasingly belligerent Big Tech sector.
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White papers
Market Scenarios and Risks - June 2021
We maintain the narrative and probabilities of our central and alternative scenarios. In our central scenario, equities outperform on the back of abundant liquidity, improving fundamentals and accommodative monetary policy.
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White papers
First quarter 2021 results: a far better-than-expected rebound that augurs well for the full year
Corporate results rebounded in Q1 2021 to a surprising extent everywhere and are likely to continue doing so beyond 2021.
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White papers
What if the Democrats succeed in passing the capital gains tax?
Since Joe Biden’s elections, most observers have been surprised by how Democrats managed to pass significant fiscal policies despite their thin majority. We believe the capital gains tax hike could go ahead regardless of the Republicans opposition.
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White papers
A post-Covid structural change in developed markets: the strong political will to invest in the US
What matters to fixed income investors is the macro-financial environment that will prevail after the strong rebound in growth and inflation expected in H2.
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White papers
NGEU soon to be rolled out: the EU has (almost) done its part; now comes the member-states’ turn
In leading the way to NGEU, the Covid crisis may have marked a crucial milestone in European construction. The amounts involved are high enough to play a decisive role, both in accelerating the cyclical recovery (especially in “peripheral” countries) and in providing a supply-side improvement. Member-states, however, will face a major challenge in absorbing them rapidly and productively.