White papers - all assets – Page 243
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White papersPost-Crisis Investing for the Long Haul
After a series of unprecedented events in the global economy, triggered by the COVID-19 financial crisis, investors and economists alike may see themselves at quite an inflection point in the markets.
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White papersCoiled Spring
Exceptional garden pinks and yellows mark the arrival of seasonal spring, but the world’s economic data outline a “coiled spring”.
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White papersInflation: Preparing your portfolio for the surge
After falling to almost zero during the height of the COVID-19 pandemic, the rate of U.S. inflation is on the rise. To navigate the current market environment, today’s investor must understand how quickly the United States economic recovery will generate inflation, how long that inflation will be sustained, and what investment implications follow.
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White papers2021 Recovery to continue and beat potential
We confirm the financial “recovery regime” as a central scenario (with a 70% probability) for the next 12 to 18 months, with growth and macro determinants remaining paramount.
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White papersThe end of the Great Moderation and the return of volatility
Since the mid-1980s, the macroeconomic volatility has declined to a postwar low.
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White papers* For long-term profitability, inclusive growth matters *
Companies focused on inclusive growth could stand to benefit in the long run. Investment specialist Ramon Esteruelas and environmental, social and governance (ESG) research analyst Delphine Riou explain why and how investors can target this theme.
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White papersPausing for Breath on ‘Peak Growth’
Rates of change in economic data may be hitting their peaks, but that need not preclude more long-term upside for risky assets.
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White papersAbsolute return – An absolute must in fixed income
Classical fixed income is already a source of ‘return-free risk’ in this post-pandemic economy awash with central bank stimulus. Reflationary expectations have expedited the rise in interest rates and aggravated the challenges faced by traditional fixed income strategies and indices.
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White papersFive key themes in energy credit
In credit markets, energy was one of the most volatile sectors in 2020, with oil futures trading in negative territory for some time.
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White papersA Few Sparks & Lots of Smoke—But Still No Sign of a Fire
As investors search for signs of uncontrolled inflation, it’s hard to see anything more than you’d expect in a strong cyclical recovery.
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White papers* Exploring the relationship between modern portfolio theory and SDG investing *
At first glance, investing to achieve outcomes aligned with the Sustainable Development Goals may appear inconsistent with an optimised portfolio outcome under the modern portfolio theory.
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White papersStill Searching for (Lasting) Inflation
Markit flash PMIs suggest European economies are improving. In the U.S., stimulus and reopenings drove the composite PMI to a record high, and consumer confidence is rising sharply. Elsewhere, the BOJ revised growth projections higher amid strong external demand.
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White papersHedge Fund Perspectives
We explore hedge fund strategies with structural appeal in a complex market environment.
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White papersDoomsday at the bank: a spoonful of measures helps the resolution go down
The global financial crisis proved bank failure was not just ancient history or fictional fodder. Fiorino explains why post-crisis measures to fend off future financial meltdowns may have changed the odds but left the possibility of ‘doomsday’ intact.
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White papersUnderstanding Your Bond Portfolio’s Carbon Footprint
Transitioning to a net-zero carbon economy* is vitally important, and to support that journey sustainable investors should monitor the carbon impact of the corporate bonds in their portfolios. But there’s a lot more to understanding a bond portfolio’s carbon footprint than conventional metrics can show.
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White papersFed to keep policy easy despite arrival of economic boom
Evidence continues to mount that a combination of vaccinations and stimulus are creating some of the strongest economic growth data in decades. Even so, the Fed remains committed to easy monetary policy until unemployment falls further and inflation materializes.
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White papersCLOs: What’s Driving the Opportunity Today?
Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward.
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White papersSDG Engagement High Yield Credit Annual 2020 Report
Seeking twin objectives of strong financial performance and positive social and environmental impacts that contribute to achieving the 17 Sustainable Development Goals (SDGs), we launched SDG Engagement High Yield Credit in October 2019.
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White papersThe Mother of All Recoveries
We’ve been referring to the post-pandemic economy as the “Mother of All Recoveries,” with yearly growth at a level not seen in decades. And we expect this recovery/expansion cycle to ultimately be measured in years, not months or quarters.
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White papersHow the pandemic has impacted gender inequality
In the first of our new series on the coronavirus pandemic and its broader implications for society, Lisa Lange looks at the disproportionate impact that Covid-19 has had on women, and how this can be addressed.
