White papers - all assets – Page 3
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White papers
EU election results and French politics
The 2024 European Parliament elections took place between 6 and 9 June 2024. The results indicate that the centrist parties should be able to form a working coalition. The European People’s Party (EPP) increased its parliamentary seats. At the same time, parties such as Identity and Democracy (ID) and European Conservatives and Reformists (ECR) with far-right credentials also gained seats.
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White papers
Absolute Return Overlays: The Power of Diversification on Returns
Expected returns on multi-asset portfolios may be improved materially with the implementation of a portable alpha overlay. Unlike other alternative allocations, portable alpha overlays can be implemented without changing underlying portfolio allocations and/or existing active managers.
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White papers
Investing in an Interconnected World: Cross-Industry Linkages
Capturing companies’ relationships and interconnections across industries in the course of the investment process can help identify new opportunities and limit portfolio risks.
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White papers
Why Quant For The Future
In the 1990s PGIM was among the earliest to explore quantitative investment techniques in response to our own clients’ shifting needs. Thirty years and many market cycles later, quants continue to leverage their unique strengths to help investors navigate their complex financial challenges.
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Industrial Policy’s Impact: Debt or Dividend
In a race to sharpen their competitive edge, nations are re-deploying industrial policy.
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2024 Global Outlook: Changing the Narrative
Dr. Peter Hayes, Global Head of Investment Research, uses the recently published Global Outlook report as a backdrop to discuss how investors should think about constructing a resilient, growth-driven portfolio for the next cycle and why the outlook for 2024 is compelling.
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White papers
European Industrials: A Hotbed of Growth for Equity Investors
Today’s industrial business models offer surprising sources of consistent earnings growth.
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White papers
The Healthcare Revolution: A Prescription for Growth
It’s a defining moment for healthcare. From drug discovery to digital delivery, a once-in-a-generation revolution is promising to introduce new cures for some of the most intractable illnesses, as well as personalized treatment at a lower cost.
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White papers
Fueling the Future: Investing Across the Global Energy Landscape
Today we stand at a critical inflection point for the energy system. For decades, the world has wrestled with an energy trilemma in balancing multiple goals: reliability, universal access to affordable energy, and mitigating and avoiding environmental harm. However, the complexity of balancing these competing priorities has dramatically increased in a world facing multiple interlocking crises.
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White papers
Unlocking Alts: Opportunities in a New Investment Regime
The investment landscape remains uncertain. Interest rates have been stubbornly high, and central banks around the world appear to be moving cautiously before pivoting to a more accommodative policy stance. Economies around the globe are moving along divergent paths, underscored by resilient growth in the US that has outpaced many of its peers.
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White papers
2024 Best Ideas: Rethinking Resiliency and Risk
Our 2024 Best Ideas offers investors a look at where we see opportunity, while our case studies show how we help our clients overcome obstacles.
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White papers
About SDGs, reading the manual with NLP
In recent years, asset management has embraced the Net-Zero paradigm for portfolio construction and the formation of mid- and long-term views. However, delays in climate transition go along with poor achievement of the Sustainable Development Goals (SDGs). With only a few years remaining to reach the objectives set for 2030, this paper aims to examine the SDGs’ framework and question its implementation by companies.
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White papers
European loans: Why now?
BSP-Alcentra believes the European loan market has a more defensive sector profile, and an allocation to European loans is still very attractive, even within a declining interest-rate environment.
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White papers
The snap election could put QE losses back in focus
Back in 2021, when the Bank of England (BoE) announced the end of quantitative easing (QE) and the beginning of quantitative tightening (QT), few commentators understood how out of kilter the Bank’s balance sheet had become compared to central bank norms. The result has been losses on the BoE bond portfolios that dwarf those of other central banks.
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White papers
Unlocking infrastructure opportunities: Top 10 interview with Roland Hantke
Private infrastructure investments are increasingly gaining traction – and for many reasons. Considered a safe haven especially during inflation, infrastructure is receptive to many secular trends currently shaping the global economic scenario. What are these, and how should investors approach this multi-faceted asset class?
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White papers
Credit where credit is due
During the past quarter century or so, a blend of European credit would have delivered better returns at lower risk than the standard balanced portfolio
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White papers
Biodiversity bonds: the new frontier in fixed income markets
Sovereign, supranational and corporate borrowers are issuing bonds that embed biodiversity protection and restoration goals.
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White papers
Tailoring the Taylor Rule for a clearer steer on rates
What will happen to interest rates this year? We’ve developed a modified version of the Taylor Rule which might have the answers.
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White papers
Will Productivity turn global growth around?
“If these trends continue, global growth over the next decade would likely be sub-3%, compared to just under 4% in the two decades before the pandemic.”
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White papers
The ECB initiates rate cuts after a long gap
“The ECB avoided any surprises for the markets as it reduced policy rates amid decelerating inflation, which could boost appetite for European fixed income.”