White papers - all assets – Page 296
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White papers
Fixed Income: Trade Wars—The Dog That Didn’t Bark
In the Sherlock Holmes story “The Adventure of Silver Blaze,” during the night a prized race horse gets spirited away from his stable and its trainer gets murdered. In the investigation, Sherlock Holmes calls attention to what didn’t happen: The dog on the property did not bark.
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White papers
Grain, Oilseed Prices Dance to a new Global Tune
As global crop production diversifies geographically, prices for corn, soybean and wheat are becoming more sensitive to currencies like the ruble and real.
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White papers
Advancing the human capital agenda
For too long, a company’s success has been measured purely by its financial performance. But increasingly, in a social-media world, the success of a business is aligned to the satisfaction of employees. With fewer rights granted to employees in the US than other developed nations, we explain why we are starting a dialogue on the issue of human capital.
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White papers
Is it time to get off the roller coaster?
The market for pension de-risking is growing at an un- precedented pace. Today, pension funds in the US, UK and Canada are simultaneously at the highest funded status they’ve experienced in ten years. In addition, these markets have attracted new entrants in pension insurance and reinsurance, so there is ample insurer capacity, vibrant price competition, and attractive buy-in and buy-out pricing.
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A plan for volatility: Global convertible securities
Active management and global perspective maximise the potential benefits of the convertible’s unique structural features
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Emerging market equities - a horizon of opportunity
The investment universe in emerging markets has expanded rapidly
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White papers
Responsible Returns: Better Stocks for a Better World
Many equity investors want to help create social benefits while generating strong returns. Achieving these twin goals requires a coherent investment approach. In this paper, we outline a process designed to effectively integrate environmental, social and governance factors in a sustainable equity strategy. Using stock examples, we demonstrate how to identify companies that support the UN Sustainable Development Goals (SDGs) and offer sources of long-term return potential.
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White papers
Innovative factors provide leading edge – on the potential of alternative data
An active, factor-based strategy focuses on tapping into new sources of data, on identifying relevant information and how to intelligently combine such information. Within this context alternative data – texts, images, or audio files – is becoming more important for the investment process, and regarding additional analytical value. At the same time, comprehensive and swift analysis requires state-of-the-art technology and plenty of experience.
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White papers
FX Leadership
Can the U.S. dollar maintain its leadership of global currencies amid a decelerating economy and the China trade war elevating risk in the United States?
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White papers
An alternative to traditional euro credit management: a smart beta credit approach incorporating ESG criteria
How should we approach bond management as the end of a bull market cycle un- precedented in terms of its size and duration begins? Over the past two decades, bond portfolios have been boosted by the steady fall in interest rates. This has reduced the importance of bond selection – all investors have needed to do to prosper has been to increase their portfolio’s duration and its exposure to credit risk and less liquid assets.
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White papers
Bulls Return To Emerging Markets In First Quarter Of 2019
Solid economic growth, increased risk appetite and the availability of attractive investment opportunities in EMs have been key drivers of recent fund flows into the asset class. Supported by indications that the US Federal Reserve will no longer raise interest rates in 2019, this trend could continue.
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White papers
Insurers Need High-Tech Solutions in a Low-Liquidity World
Liquidity has become a precious commodity in fixed-income markets since the global financial crisis. Post-crisis regulations have made broker-dealers reluctant to warehouse large risks on their books, which in turn has made it more difficult for insurers and other institutional investors to trade large blocks of bonds quickly and efficiently.
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White papers
Strategic Relative Value Q1 2019
A quarterly look at how macro events are driving relative value around the globe.
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White papers
China's Century? The Economic Giant's Next Act
Promising future if current efforts result in a sturdier and more sustainable economy.
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Amplified: What key themes will we engage on this year?
Investors can play a powerful role in tackling global challenges, such as climate change or human rights issues, by engaging with companies. But how can we ensure our efforts have the maximum impact?
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White papers
Emerging Markets Come Of Age
Emerging markets (EMs) have made great strides in the past few decades, yet outdated perceptions about them persist. The implications are serious. Investors who hold on to old assumptions about EMs are likely to overlook the transformation of these economies—and systematically under-allocate to the fastest-growing parts of the world.
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White papers
Persistence And Skill In The Performance Of Mutual Fund Families
Prior research has shown that decisions made at fund family level can account for a substantial portion of the performance of the individual active fund managers in the family.
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White papers
Optimal Allocation in the S&P 600 under Size-Driven Illiquidity
A number of empirical studies have investigated how mutual funds do react to incoming financial resources. As long as liquidity constraints are narrow, fund managers tend to upscale already existing positions without looking for new investment opportunities.
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White papers
Global Investment Views: A sweet spot, but keep a sharp eye on the macro side
Risky assets have been in a very strong uptrend since the beginning of the year. The key question now is, where do we go from here? There are two main driving forces to focus on in the current context.
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White papers
The Answer, My Friend, Is Blowing In Brazil's Wind
Alternative Views focuses on green infrastructure investment in Latin America.