White papers - all assets – Page 209
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White papersInvesting in fixed income during a hiking cycle
It’s a common preconception that rising interest rates are bad for bonds. While rate hikes are undoubtedly a headwind for fixed income assets, investors tend to overestimate the impact of rising rates and can overlook the benefits of holding bonds as part of a resilient and balanced portfolio.
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White papersEOS 2021 Annual Review
Although the Covid-19 pandemic continued to exact a heavy toll in 2021, the climate crisis returned to the fore with extreme weather events around the globe, and the starkest warning yet from scientists in the run up to the UN’s COP26 climate summit.
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White papersThe return of the European consumer
European consumer spending rebounded in 2021, but it lagged the much stronger recovery in the United States. In 2022, I expect that gap to close. Despite numerous headwinds, like soaring energy prices and falling consumer confidence, I believe Europeans will be saving less of their income this year and that there is enough pent-up demand to propel robust consumption growth.
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White papersThe Supply-Led Inflation Challenge
The Fed could end up playing checkers while the economy is playing chess—with potentially worldwide consequences.
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White papersBAE Systems case study
BAE Systems has accelerated its societal and environmental ambitions with key commitments regarding its workforce and climate.
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White papersGlobalization: “So Why Can’t You Export Haircuts?”
It’s the year 2032. Will planes still take us to far-off lands or will VR headsets transport us, could your hair stylist live on the other side of the planet?
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White papersValue Stocks: Inflation Wave Adds Fuel to Recovery
Value stocks outperformed through mid-February as investors repriced expensive growth stocks. Now, mounting inflation and rising interest rates are creating conditions for a broader value recovery, particularly for companies that have solid business fundamentals.
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White papersGetting along – Can investors influence geopolitics to improve climate action?
The outcome of the 2021 COP26 climate conference showed that, despite nations planning their own environmental efforts, collective climate action is difficult to foster. What does this mean for investors? Is there any way governments can be swayed into working together more effectively?
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White papersManaging Duration in Multi-Asset Strategies? Be Dynamic
For most of the past decade, government bonds have contributed positive returns and a note of stability to multi-asset portfolios. But since late 2021, they’ve been much more volatile, as markets digest central banks’ transitions toward tighter monetary policy.
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White papersAs COVID Cases Fade, Services Ready for Upgrade
January U.S. retail sales surprised to the upside, rising 3.8% M/M. The Omicron wave temporarily halted the shift in consumer spending from goods to services, as at-home sectors gained. Meanwhile, restaurant sales fell for a second-consecutive month.
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White papersWeight to the Plate: Tracking EM Food Inflation
Rising food prices have added more pressure to headline inflation in emerging markets (EM), increasing steadily throughout 2021. As a result, central banks there have not had the leeway to wait to tighten policy the way the Federal Reserve and the European Central Bank have.
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White papersNet Zero Carbon Metrics
This research project is both an update of the analysis on carbon emissions trajectories proposed by Le Guenedal et al. (2020) and a companion study of the climate risk measures defined by Le Guenedal and Roncalli (2022).
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White papersEmerging Sovereigns and Sustainability
Global sustainability cannot be achieved without sustainability in the world’s poorer countries—so how can we address the challenges of sustainable investing in emerging markets sovereigns?
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White papersGreen News & Views: Sustaining rural communities and natural resources with Leading Harvest
Investors increasingly expect assurance that their capital will not only generate sustainable financial returns, but also contribute to a more sustainable world. Stakeholder interest in sustainable agriculture is growing rapidly with increasing attention to how agricultural systems affect and interact with the environment and society.
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White papersHow Deep Is EUR Love?
Thursday’s 7.5% U.S. inflation print reintroduced some volatility, but we still think the euro is building a base for a long-term relationship with its admirers.
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White papersTop ESG equities show their resilience in 2021
Coming out of a volatile 2020, the sharp rise in inflation and the potential for rising rates were two of the key market drivers during 2021 – and certainly have been for the beginning of 2022. This backdrop does not look set to alter dramatically, at least in the near term.
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White papersEuropean equity market: the great value rotation and the dividend appeal
January 2022 was a record month for European value equity, in terms of its outperformance vs. growth. The market’s reassessment of central banks’ actions after their hawkish turn has driven real yields higher and benefitted value stocks, while growth sectors such as technology, which are more sensitive to interest rates duration, have suffered.
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White papersSaving the World is Hard
ESG investing has a long way to go, but why shouldn’t global financial markets do their part?
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White papersEquity Convexity and Unconventional Monetary Policy
In this paper, we intend to gain an understanding of the drivers of stock convexity, also known as gamma.
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White papersWhat’s the outlook for European asset-backed securities in 2022?
European asset-backed securities (ABS) outperformed many other areas of fixed income last year as investors were drawn by their floating rate properties and supportive fundamentals, including a resilient labour market and low arrears in underlying asset pools. But how strong is the outlook for securitisations in 2022?
