White papers - all assets – Page 260
-
White papers
Market weekly – Some calm after the storm
As a semblance of calm returns to financial markets, Guillermo Felices, head of research and strategy for Multi-Asset and Quantitative Solutions (MAQS), and Dominick DeAlto, chief investment officer fixed income, discuss potential opportunities and the risks ahead for investors.
-
White papers
High Yield: Navigating COVID-19
Barings’ Martin Horne puts the recent volatility in high yield markets into context and describes how the Barings team is both managing risks and finding value opportunities through the crisis.
-
White papers
AIQ - The Climate Edition: Climate data - The journey from denial to crisis
More than 40 years since a senior NASA scientist told US Congress of concerns about human activities disrupting the climate, experts are warning of an impending climate catastrophe and the financial sector is wrestling with the implications.
-
White papers
Sharpe Thinking: how will banks respond to the coronavirus crisis?
What’s moving the investment landscape? In these turbulent markets, we bring you views from our portfolio managers, analysts and economists, delivered by our Investment Office – an independent body ensuring that our investment teams perform in the best interest of clients.
-
White papers
Global Investment Views - April 2020
Markets (financial cycle) are leading the economic cycle and will bottom out before the end of the coronavirus pandemic. However, they would stabilise once reassured on three points: the cyclical pattern of the pandemic, the tactics of fiscal and monetary authorities and the short end of the credit curve.
-
White papers
Safety First
After a big sell-off, many fear missing the rebound—but we expect more volatility and think the time for opportunism will come later.
-
White papers
Perspectives on Liquidity
Anne Brennan, Chief Risk Officer and Ken DeRegt, COO for Fixed Income, share their insights on managing liquidity in today’s markets, with a look at how this compares to 2008.
-
White papers
Modern Monetary Theory (MMT): from theory to practice
First, the sanitary situation: still worrying. The total numbers of recorded Covid-19 cases is now over half a million, and the number of deaths close to 25k. Contagion from east to west continues, with the US now the center of attention: the country has more reported cases than China. The total number of cases (world) has grown at an average daily pace of 13% in the week to 26 March, 5 points faster than the previous week.
-
White papers
Are We Fighting The Last War?
Government economic response to the global crisis will have to be larger and more creative than ever.
-
White papers
Bond investing in uncertain times – stay invested
The economic impact of Covid-19 will be significant in the near term but will take time to show up in the standard economic dataset. The response of fiscal and monetary policy is critical to stabilising financial conditions and instilling confidence.
-
White papers
Coronavirus market volatility: performance update
Markets are very weak and volatile, as you would expect with such uncertainty around the Covid- 19 outbreak. Some days the moves are indiscriminate and everything plunges to a broadly similar degree, on other days our higher quality names are outperforming. As markets have slumped, and governments and central banks have tried to make sense of what is going on, our portfolios have so far coped very well. Companies that are operationally impacted – restaurants, airlines etc – are seeing severe weakness.
-
White papers
Global equities: market volatility update
Concerns around coronavirus have been felt in global equity markets for more than a month now. However, things escalated last week, with the steep sell-off in oil further compounding fear around the recessionary impact of the virus.
-
White papers
Spotlight on leveraged loans - European loan market update
Loan prices have fallen sharply in a way not seen since the global financial crisis (GFC) with the European leveraged loan index down c.17.5% in the month to date to 25 March close. This is highly unusual. The European loan market has been fairly resilient in the face of various bouts of volatility over the past 10 years (in 2011, 2016, 2018, for example), owing to its institutional investor base.
-
White papers
Market weekly – this policy response can turn the tide
After a week of unprecedented central bank interventions in financial markets, Richard Barwell, global head of macroeconomic research, and Denis Panel, chief investment officer for multi-asset and quantitative solutions (MAQS), discuss the state of markets at the opening in Europe on Monday 23 March 2020.
-
White papers
Global High Yield Market Update – March 2020
In this video update from Senior Portfolio Manager, Vivek Bommi, we review conditions across global non-investment grade bond markets and offer our outlook for the asset class.
-
White papers
Using Data Science to Bring Order to the Disruption
Michael Recce, Chief Data Scientist, discusses the data sets his team is analyzing to help us look at trends that may give some insight on the path for a return to normalcy in both public health and the economy.
-
White papers
Unemployment Claiming Year’s Only Gold Medal
Continuing claims are set to increase substantially as more workers become unemployed during the pandemic, the Trump administration struck a deal on a $2 trillion package, and the Olympics will be pushed out a year.
-
White papers
EMD: Finding Fundamental Value Through the Storm
The rapid spread of COVID-19, the precipitous fall in oil prices and the related shock to the global economy have sent markets—including EMD—into a tailspin in recent weeks. In this piece, we explore the resulting challenges and discuss opportunities beginning to emerge.
-
White papers
Asset allocation update: credit upgraded amid fluid and uncertain backdrop
The ultimate public health costs and economic impact of Covid-19 are at this time unknown. Public health responses have weighed the human cost of intensive care units being overwhelmed and the number of preventable deaths exploding against the jump higher in unemployment, collapse in investment and demand destruction attached to social distancing. Governments have, understandably, chosen life over wealth.
-
White papers
Fixed income: a focus on fundamentals favours the brave
Markets have been roiled by extreme volatility over the last fortnight. There will clearly be winners and losers in the months ahead, which we believe should create opportunities for investors with a medium-term outlook to find securities that have become dislocated from their intrinsic value – particularly within the banking, energy and mining sectors.