White papers - all assets – Page 324
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White papers
The covariance matrix between real assets
For assets that are sparsely traded, the time-variance of prices is of limited interest. It is more meaningful to compute price variance across assets and use that as an indicator of investment risk.
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White papers
Analysing the Exposure of Low-volatility Equity Strategies to Interest Rates
At the dawn of a potential rise in rates triggered by Central Banks in both Europe and the United States, doubts are being raised about the ability of low-volatility portfolios to continue to deliver robust performance.
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White papers
CHINA: 19th party congress and beyond
What are the key takeaways from the 19th Party Congress?
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Follow the Earnings to Emerging Equity Stars
Emerging market equities have had a great run recently. But don’t buy EM stocks indiscriminately. Focus on company earnings over macroeconomic trends to find stocks that have stronger return potential with reduced risk.
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The Science and Art of Multi-Asset Investing
Generating consistent returns under uncertain conditions is a challenge. Can multi-asset strategies make the job a little easier? We think so. But a lot depends on how they’re designed.
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White papers
Bond Market Prepares for QE in Reverse
After a relatively quiet third quarter, bond markets are ripe for some volatility and bigger waves as major central banks begin to unwind quantitative easing. For global bond investors, that could lead to new opportunities. But for now, with valuations in many sectors stretched, it pays to be selective.
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White papers
What is in store for investors after the German government talks collapse?
There is still a possibility that a coalition will be formed, although it will take time.
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White papers
Fact or fiction? Bond investors can add returns
In this paper we test whether factor-investing strategies can be implemented in fixed income markets.
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The paradox of passive. Beware of feedback loops
While we understand and generally concur with the desire to implement portfolios cheaply, investors should always be cognisant of what they are buying.
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Avoiding a mirage in the high-income desert
Generating a sustainable yield across asset classes.
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White papers
Venezuela on the edge of the cliff: let's be cautious
President Nicolas Maduro recently announced the Republic of Venezuela’s intention to restructure all foreign debt, thus recognising the country’s current debt load as unsustainable.
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White papers
The acid test of active management
Active managers are more likely to outperform in certain market conditions, but our research finds that there is also a group that can outperform whatever the weather.
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Generating social alpha without sacrificing investment returns
In recent years, European investor engagement with Responsible Investment (RI) has gathered momentum. Some of this growth could be a result of the open and proactive attitude to RI among European policymakers and institutions. But impact investment has also soared in popularity as European investors have begun to consider the effects of their invested capital more deeply.
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White papers
European social bond strategy
A European credit strategy with an innovative social focus that unlocks the full potential of corporate bonds to deliver both financial and social returns.
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White papers
The Bank of England raises rates: Bearish for the pound
The Bank of England (BoE) raised rates for the first time in more than a decade and the pound dropped. What is your reading of this?
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White papers
New Fed Chair: continuity but looser regulation
What is your view on the new Fed Chair, Jerome Powell, nominated by President Trump?
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White papers
A dovish ECB supports the credit market
What are the main messages coming from October ECB’s conference?
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White papers
European renaissance: The case for a selective approach
In our view, the concept of a “European renaissance” reflects the current phase in which multiple positive dynamics are unfolding in Europe.
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White papers
US proposed tax cuts in its impacts on Corporate profits
The US president has just announced its eagerly awaited tax reform. Since American stocks have become very expensive, we have focused on what could impact the earnings of listed companies.
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White papers
Abe wins: a boost for Japan
The Liberal Democratic Party (LDP) reported a landslide victory in the Lower House election, taking advantage of fragmenting in the opposition parties.