White papers - all assets – Page 204
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White papers
Credit spreads vs bond yields in the current cycle
The move in rates is just one factor of the macro backdrop that can drive spread trends, but one that worked quite well in past cycles and therefore worth focusing on in the current recovery phase.
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White papers
Q4 earnings season: an impressive resilience that supports our pro-cyclical views
Given the context, Q4 2020 corporate earnings proved resilient. The regions least impacted by the pandemic, such as EM (+25%) and Japan (+20%), experienced notable increases.
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Covid, productivity and long-term growth: further secular stagnation or positive reversal?
While the spectacular Covid shock may easily lead to exaggerate extrapolations, it cannot be ruled out that it will matter for long-term productivity and growth. However, the effects could work both ways. Reasons why the current crisis could further worsen “secular stagnation” are many, yet there are also a channels through which it could work positively.
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White papers
22@ – innovation in Barcelona
Barcelona is in the middle of one of the most ambitious urban renewal projects in the world – and PATRIZIA is in the thick of it. With 22@, the city is seeking to transform the historic but run-down industrial district of Poblenou into a dynamic and innovative district. Greg Langley reports.
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White papers
How Deep Are The Scars?
What helps reconcile market euphoria with the very mixed global data is that central bankers remain concerned about the pandemic scars and have reiterated their accommodative stance.
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Are Growth Stocks Attractive in a Post-Pandemic World?
The recent selloff of US growth market darlings reflects increasing questions about whether their growth potential still justifies exceptionally high valuations. Away from the froth, growth investors can still find solid return potential in quality companies with profitable, sustainable business models.
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White papers
When Will the Jobs Come Back?
With the U.S. economy still down nearly 10 million jobs from its pre-pandemic level and history showing that the labor force participation rate could continue to decline at the end of a recession, PGIM Fixed Income seeks to answer the question “When Will the Jobs Come Back?
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White papers
Coming Out Of Covid-19: A Look At Interest Rates And Inflation In Europe
There is hope European economies will see a more robust recovery this year, but will inflation will pick up as a result?
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White papers
When Will the Jobs Come Back?
With the U.S. economy still down nearly 10 million jobs from its pre-pandemic level and history showing that the labor force participation rate could continue to decline at the end of a recession, PGIM Fixed Income seeks to answer the question “When Will the Jobs Come Back?
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White papers
2020 – A turning point for ESG investing
In many ways, 2020 was a turning point. One key area within environmental, social and governance (ESG) investing was putting a spotlight on corporate behaviour and what constitutes business resilience.
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White papers
Raising Equity Defenses for the COVID-19 Recovery
After last year’s sharp equity market rally, the recent selloff serves as a reminder that the exit from the pandemic will be bumpy—and some markets still look pricey. Defensive stocks with attractive valuations can help provide balance through an uncertain recovery.
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White papers
The Newest “New Normal”: The World In The Wake Of Covid-19
“Academic partnership takeaways from lecture series with Green Templeton College at University of Oxford”.
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White papers
Fixed Income - Inflation: The Devil We Knew
Dr. Sonal Desai cautions that central bankers might be underestimating how difficult it will be to deal with inflation—especially if expectations become unmoored.
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White papers
The Impacts Of Sustainable Finance Disclosure Regulation On The European Distribution Landscape
Investors will see important changes in the way their asset managers provide sustainability-related information on their ESG products and updated sustainability policies.
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White papers
Energy transition – Opportunity knocks
Investors might wonder when to enter investment strategies related to energy transition given the stellar performance of the segment. We believe the outlook for this segment is incredibly constructive over the medium to longer term, but there will be bumps and sell-offs on the way.
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White papers
Understanding the Performance of the Equity Value Factor
After decades of sound performance, doubts have been cast on the ability of the equity value strategy to keep delivering in the aftermath of the 2008 Global Financial Crisis. Indeed, in a context marked by low yields, sluggish growth and subdued inflation combined with an accelerating digitalization of the economy, value investors have struggled to see the light at the end of the tunnel. But what does the future hold?
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White papers
Investing in post-Covid-19 European private debt markets: focus on selection
Private debt markets have grown rapidly since the Great Financial Crisis (GFC), with global assets under management (AuM) tripling, from $275bn in 2009 to over $850bn in 2019. The European market accounts for about a third of these assets.
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White papers
No time like now: why investors are moving on ESG
Eoin Murray, Head of Investment, takes a trip down memory lane and into the future with ESG…
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White papers
Returns and real impact: the green-bond opportunity
The Generali Investments SICAV Euro Green & Sustainable Bond – one year on