White papers - all assets – Page 301
-
White papers
Fed to End Diet
The Fed’s program to shrink its bloated balance sheet post-quantitative easing is drawing to a close earlier than planned as liabilities pose constraints.
-
White papers
360 – Fixed Income report, Q1 2019
To be considered relevant, a factor must first and foremost be backed by ample empirical evidence. In the absence of such evidence, academic research on multi-asset factor premiums could suffer from ‘p-hacking’ (or ‘data mining’). Recent research by Robeco uses new and previously unused deep historical financial data. The results allay any p-hacking concerns.
-
White papers
How Airports Are Flying High: A Social Perspective
Holding airport bonds in our social strategies often raises questions. But aviation brings huge social and economic benefits, and is making great environmental strides
-
White papers
Asset Allocation Update - Much ado about equities and credit
Equities and corporate bonds often do well together. Over the past 20 years the “beta coefficient” between credit to equities has been 0.5 in both the US and Europe; that is to say, for every 1% rise (or fall) in equity prices, credit markets have tended to return (or weaken) 0.5%.
-
White papers
India: Rupee Faces Significant Risks from April Elections
Indians go the polls in April to elect a new leadership. Can Prime Minister Modi’s party win an outright majority or will India have a coalition government?
-
White papers
Market Perspectives - Patience is a virtue
Sunny spots are rare this winter. Economic data in in Europe and China have continued to underwhelm. Key euro area indicators including PMIs, Ifo and Sentix are at multi-year lows, following a sharp contraction in industrial production in Q4. China reported a slump in trade and the slowest annual growth in three decades.
-
White papers
The inflation story: 2019 and beyond
In this issue of Ahead of the Curve, we assess the prospects for inflation in the US and the eurozone.
-
White papers
EM Debt—A Brightening Picture?
Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re seeing from Mexico and Brazil to more challenged geographies like Turkey and Argentina—and provide insight into how they’re thinking about political hotspots like Venezuela.
-
White papers
Tug-of-War
Buyers and sellers are in a tug-of-war in the bond market, where yields have been declining. Are buyers sidestepping the budget deficit and other factors?
-
White papers
An Underappreciated Subset of High Yield
For investors willing to surrender a nominal amount of yield in favor of greater protection given a default, global senior secured bonds can be an attractive option in a recessionary environment.
-
White papers
An Update on our Global Macro ESG scores
Highlights six case studies of changing country scores in Global Macro Views.
-
White papers
Three Technology Titans Reshaping Retails
Multiple perspectives on digitizing retail in Equity Markets.
-
White papers
Brent-WTI Oil Spread Taking Cue from Houston-Midland?
The price spread between two relatively new futures contracts, WTI Midland and WTI Houston, has been over the past two years a leading indicator of the spread between the two most venerable crude oil futures contracts: WTI and Brent. The economics behind this might offer clues about how oil markets evolve in the future.
-
White papers
CIO view The Fed Will Hike Again Because … It Can
No more rate hikes this year? Sonal Desai, our Fixed Income CIO, makes a different case.
-
White papers
China: Looking at Growth Past the Trade War
China’s growth is decelerating, it is loaded with debt and is involved in a high stakes trade war with the United States. Despite these issues, China’s economy appears to be holding up better than one might have expected. In fact, China’s growth could even accelerate in 2019 in response to aggressive monetary easing.
-
White papers
The Journey of Sustainable Investing A multi-asset approach seeking returns and a better future
Maria Municchi, a fund manager in the M&G Multi Asset team, discusses the development of sustainable investing over time, and explains how we incorporate it with our long-standing multi-asset approach in a new investment strategy.
-
White papers
An Underappreciated Subset of High Yield
For investors willing to surrender a nominal amount of yield in favor of greater protection given a default, global senior secured bonds can be an attractive option in a recessionary environment.
-
White papers
High Yield Five Takeaways For The Months Ahead
A market dominated by volatility and dramatic headlines—if this environment feels familiar, perhaps it’s because it is.
-
White papers
Liquidity Insights: Q4 Equity Volatility
Volatility in equities returned in 2018, surprising markets with a spike in February after a remarkably calm 2017. Volatility, however, retreated through the summer before reappearing in the fourth quarter, resulting in some big price moves in major equity indices.
-
White papers
An Underappreciated Subset Of High Yield
As we enter what may be the twilight hours of an elongated credit cycle, an increase in defaults is not only possible, but probable. Against this backdrop, a credit-intensive, global approach to high yield investing is key.