White papers - all assets – Page 289
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White papers
Turkey: Inflation, Exchange Rate’s Pass-Through And Monetary Policy
Despite a huge collapse in activity, the Turkish inflation is still flirting with 20% yoy and the main monetary policy rate is stuck at 24% for 8 months.
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White papers
Core Matter: A Deeper Look into Financial Vulnerabilities
Almost ten years of record low interest rates have raised leverage in the non-financial sector as well as investors’ tolerance for riskier and less liquid instruments. As a result, the average quality of corporate debt has worsened. Credit risk has shifted away from banks to asset managers. Mutual funds’ ...
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White papers
Factor Investing In Currency Markets: Does It Make Sense?
The concept of factor investing emerged at the end of the 2000s and has completely changed the landscape of equity investing. Today, institutional investors structure their strategic asset allocation around five risk factors: size, value, low beta, momentum and quality.
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White papers
Why Asset Managers Need Their Own Social Networks
The digital age gave professional investors near-instantaneous access to a vast trove of data, but organizational silos have sometimes prevented subsequent insights from spreading widely. That’s changing, however, as new digital platforms make it easier for money managers to share real-time information with colleagues across asset classes and strategies.
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Three Themes For European Equities To Be Back In Focus
Volatility is here to stay. Markets are hostages of very volatile news flow. Trade-related anxiety is driving the swing (pessimism of a broken deal between China and US led to a correction in May while the renewed hope of a partial deal brought equity markets back to yearly highs in June).
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White papers
Banning Huawei: an act of economic war
As long-term investors in Chinese companies, we ask ourselves: is the US’s blacklisting of Huawei a tactic in ongoing trade tensions, or a move instigating an economic war?
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White papers
Turning Big Data into Big Investment Insights
What do airline ticket prices, car sales and thousands of corporate filings have in common? In each of these areas, we applied advanced big data techniques to tackle an equity investing conundrum that couldn’t be solved by human researchers alone.
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White papers
Emerging Market Bonds—Standing On Their Own Two Feet
Some data demonstrates a stronger resilience to rising US rate than typically expected.
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White papers
The case for a core allocation to emerging market debt
A commonly held, but misplaced, belief that emerging market debt is an obscure and risky outpost of the fixed income universe has resulted in its under-representation in many portfolios.
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White papers
China's Sci-Tech Board: Hope Or Hype?
What the new Nasdaq-Style exchange could mean for investors.
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White papers
Are profits no longer required?
The number of loss-making US companies listing on the stock market is close to a record high. We ask two Schroders experts what this means for investors.
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Investing in China: Tapping into Long-Term Opportunities
Ghadir Cooper, Global Head of Equities, recently joined a round table with Pensions & Investments to discuss the opportunity set in China. Despite slowed growth and trade concerns, she believes there are several reasons why investors should remain optimistic.
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White papers
Amplified: ESG investing and Stewardship
The world is at a tipping point; responsible investment, ESG and stewardship, once seen as the preserve of niche green investors is now mainstream, challenging accepted investment fundamentals, as well as investors, asset owners and companies to do better.
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White papers
How Machine Learning Can Help Bond Investors
When a group of graduate students asked Warren Buffett about the best way to prepare for an investing career, he held up a stack of Securities and Exchange Commission filings. “Read 500 pages like this every day,” he told them. “That’s how knowledge works. It builds up like compound interest.”
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White papers
Cracking the Code: Investment Management Tackles Data Science
Data science, artificial intelligence (AI) and machine learning are hot topics in investment management, as firms look for new ways to model investing problems and generate differentiated insights. But data science is also relatively new to the industry—and that means growing pains. What does it take to get it right?
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White papers
Investing in the changing shape of Emerging Markets
The emerging markets (EM) universe has experienced significant changes in the last decade with the further addition of investible countries (ie China A shares in 2018), the surge in the size of EM bond markets and the further development of the local currency bond markets.
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White papers
Where the Dry Powder Goes Next
Stuart Mathieson and Bryan High, portfolio managers for the Global Special Situations strategy, discuss the outlook for distressed debt investing—and explain how they’re finding opportunities throughout the cycle.
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White papers
Pricing Individual Stock Options Using Both Stock And Market Index Information
When it comes to individual stock option pricing, most applications consider a univariate framework. From a theoretical point of view this is unsatisfactory as we know that the expected return of any asset is closely related to the exposure to the market risk factors.
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White papers
Variance Premium, Downside Risk, And Expected Stock Returns
We decompose total variance into its bad and good components and measure the premia associated with their fluctuations using stock and option data from a large cross-section of firms. The total variance risk premium (VRP) represents the premium paid to insure against fluctuations in bad variance (called bad VRP), net of the premium received to compensate for fluctuations in good variance (called good VRP).
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White papers
Investors should note the approaching tipping point for renewable energy
Renewable energy may soon put downward, not upward, pressure on energy prices, prompting a much faster move away from fossil fuels.