White papers - all assets – Page 36
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White papers
Breaking Down the Liquidity Silos
Breaking down the boundaries between liquid and illiquid assets could broaden our outlook and better align portfolios to our objectives and time horizon.
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White papers
2024 municipal bond market outlook: Increased optimism for the year ahead
Muni bonds now offer historically elevated yields; fundamentals in the muni market remain stable; and when compared to corporate debt, tax-free muni bonds tend to display lower default characteristics.
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White papers
Resilient private credit fills a growing need across U.S. and Europe
The U.S. and European private credit markets have been a significant success- story of asset management for the last decade. Having begun life as a source of financing for mid-market companies that could not raise funds elsewhere, private credit has grown into a serious and credible competitor to both traditional bank debt and the liquid markets (i.e., the leveraged loans and high yield bonds), something that would have seemed fanciful just a few years ago. Now, private credit players are regularly financing the entirety of multi-billion-dollar debt structures.
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White papers
The future’s bright, the future’s digital
Today’s world is shaped by powerful structural shifts –from shifting demographics to the transition to a low-carbon economy. These mega forces create themes that investors can ill afford to ignore. A case in point is our digital future. The progress of digital technology is astounding – with generative AI just the most eye-catching recent example. But many of these technologies are still in their infancy – and new technologies are emerging all the time.
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White papers
‘The fountain of youth’ – Lindy’s Law and quality growth investing
In 1993, Princeton astrophysicist Richard Gott compiled a list of all the then-current Broadway and off-Broadway shows and noted when each had first opened in New York’s famous theatre district. He then predicted, “how long each show would run, based solely on how long it had been running already”. Ultimately, Gott was proven right – with an accuracy of 95%.
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White papers
2024 outlook: what’s next for high yield?
Against a backdrop of heightened uncertainty, what has surprised you most about high yield over the past year? And how do you see those dynamics playing out in the next 12 months?
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White papers
Keynote interview: The outlook for the energy transition
From traditional renewables to emerging technologies, Richard Nourse of Schroders Greencoat, Ashwin West of BlueOrchard and Jerome Neyroud of Schroders Capital, explain how the world is progressing against climate targets, in an article originally published by Infrastructure Investor magazine.
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White papers
Office Space: The CRE Effects On Major U.S. Cities
Rising office vacancy rates, declining property valuations, and the respective impact on tax revenues and city budgets are a source of growing concern for municipal bond investors.
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White papers
2024 Infrastructure outlook: Answering five tough questions from infra-skeptics
Private infrastructure had a challenging 2023. Although performance remained relatively stable, fundraising is at the weakest levels in 10 years, while deal volumes have fallen 40% year-on-year due to wide bid-ask spreads. High interest rates, mixed economic outlook, and geopolitical tensions continue to weigh on the industry.
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White papers
Navigating the climate index jungle
The need to understand Climate benchmarks and their personalities
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White papers
New dawn for Japanese equities
Japanese equities are on the cusp of a new era, with two key developments forcing companies to rethink how they do business – for the better.
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White papers
Global Investment Views - December 2023
“The ‘perfect’ scenario priced in by the markets seems a bit excessive. Investors should stay defensive, with a slightly positive stance on duration, a cautious view on equities, and explore long-term value in EM.”
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White papers
Sustainability watch: oil and gas subsidies, artificial rain, and carbon markets
Our selection of sustainability news from November includes news of a co-ordinated push to end subsidies for foreign oil and gas operations and coal mining, India’s plans for artificial rain, and China’s loosening of the rules governing its carbon market.
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White papers
From NICE to VILE—The Future of Inflation
We explore the type of inflationary environment that we might expect across developed markets in the future and its potential effect on global asset prices.
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White papers
Changing course: Creative a stable investment framework for offshore wind
Better market mechanisms and grid connection arrangements are essential to restore a stable investment environment in the offshore wind sector, as Nick Molho explains.
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White papers
Debt sustainability in emerging markets
The Franklin Templeton Fixed Income team believes more sovereigns are turning to the IMF for financing support as capital markets for low-income countries remain shut. In this paper, they consider how the IMF Debt Sustainability Framework could play a crucial role.
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White papers
2024 US real estate market outlook: Healthy commercial real estate fundamentals
Clarion Partners believes the US economy will remain resilient in 2024, despite tightening monetary conditions and heightened geopolitical uncertainties.
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White papers
Convertible bonds: cutting emissions and promoting efficiency
Why does the investment approach to reach net-zero emissions matter? At LOIM, we believe that the energy transition can provide growth potential for investors who are also seeking to achieve real and tangible emission reductions. Our approach invests across all sectors but focuses on companies with credible and ambitious decarbonisation targets. We explore how our TargetNetZero strategy identifies such companies in convertible bonds.
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White papers
Cooling high-carbon sectors with corporate bonds
Investing in companies that are already low-carbon today does nothing to lower emissions in the future. That’s why we invest in transitioning companies with credible plans to decarbonise. How do we assess companies for their climate alignment to see if they make the cut for our TargetNetZero credit strategy?
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White papers
The next stage of ESG evolution in the pension landscape
”The ESG pillars have never been so central to the investment conversation.”