White papers - all assets – Page 46
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White papers
Identifying ‘rising stars’ amid a darkening fundamental outlook
Despite the uncertainty facing corporate credit investors, several bright spots remain. So-called ‘rising stars’ – where credit quality and ratings are transitioning from high yield to investment grade – are undoubtedly viewed as such, and at this stage of the cycle, this is an area of the fixed income spectrum which could provide an important source of alpha for investors.
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White papers
Stress testing the foundations: Analyzing the vulnerability of US banks to falling commercial real estate values
The commercial real estate sector’s continued challenges could potentially impact US banks. Franklin Templeton Fixed Income’s Shawn Lyons discusses the ongoing commercial real estate crisis and how US banks are safeguarding themselves against these issues.
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Higher costs of living requires digital flexibility from social housing associations
Higher living costs are already a huge challenge for housing associations and their tenants, and the situation is potentially set to worsen.
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Multi asset: what do macro and market signals tell us?
We may be in a late phase of the economic cycle and the investment backdrop remains in flux. As many children globally head ‘back-to-school’ in September, our multi-asset team drills into what the data mean and which asset classes are showing more positive signals.
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In this late-cycle phase, how high could commodity prices fly?
We are probably at the end of an economic cycle. Several quarters before some form of ’landing’, a number of market mechanisms typically activate, including the relative outperformance of emerging-market assets, a rise in long-term interest rates and an increase in commodity prices. In this weekly instalment of Simply put, we focus on the future growth potential of commodity prices.
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White papers
Asia is dominating the electric vehicle battery market
Car electrification is an unstoppable structural trend. We are past the inflection point of this revolution, often understood to be when a new technology reaches 5% of total industry sales.
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White papers
PM Perspectives: Global Equity Enhanced Income
Eddie Cheng, Vince Fioramonti, and Megan Miller manage components of Allspring’s Global Equity Enhanced Income (GEEI) strategy. Here they discuss how GEEI addresses the equity income tug-of-war.
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White papers
At the crossroads
Lack of movement on interest rates this week left investors wondering: Which way now?
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White papers
The Active Foundations of Sustainable Investing
As ESG and sustainability indices proliferate, we argue that sustainable investing is inherently an active management discipline.
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White papers
Political Gridlock but Fiscal Largesse
How political dysfunction undermines debt sustainability and helps embed structurally higher inflation.
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White papers
Asset Allocation at Official Institutions: Three Critical Steps
Three critical steps for asset allocation at Official Institutions: embrace less liquid markets; explore a fuller credit universe; think globally.
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2023 Global Corporate Credit ESG Engagement Report
During the past year our established relationships with issuers in developed and emerging markets enabled us to have meaningful engagements with a number of management teams. We engaged on key ESG issues such as climate transition, equity, inclusion and diversity (EID), and executive compensation structure.
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How creative financial approaches can advance climate adaptation
Climate change increases the likelihood of weather-related natural disasters. Their occurrence has increased tenfold since the 1960s, resulting in estimated daily costs of about USD 383 million globally from 2010-2019. We believe the time to adapt to climate change is now and creative strategies can help. Alex Bernhardt explains.
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White papers
Fed Meeting Impact: Is It More Than You Realize?
This paper discusses how Federal Open Market Committee (FOMC) meetings have a significant impact on options pricing, creating risks and opportunities for investors employing options-based strategies.
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What Biodiversity Loss Could Mean for the Global Economy
In Allspring’s new series, “Eye on SI,” we present perspectives on sustainable investing (SI) and discuss how various environmental and social themes can create investment risks and opportunities.
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White papers
The BoE’s “Table Mountain” Approach Sees Rates Highest for Longest
The Bank of England kept its Bank Rate on hold at 5.25% on September 21, 2023. The UK’s economic backdrop is weak, so we believe that the BoE will keep interest rates at this level for the near future.
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White papers
Can investment-grade credit provide resilience amid uncertainty
An uncertain economic outlook and high interest rates are generally not viewed as a positive backdrop for investment-grade (IG) corporate bonds (rated BBB/Baa and above). Yet, a confluence of supportive factors is underpinning this asset class. These include relatively good credit quality, high average starting yields above 5.5%, an overall duration of about seven years and stabilisation of the banking sector.
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White papers
Fed Holds Rates—Is This It?
At its September meeting, the U.S. Federal Reserve (Fed), as expected, left its federal funds target rate unchanged, at 5.25%–5.50%.
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White papers
Global Equity ESG, H1 2023 Report
The Global Equity ESG team believes many sustainable businesses are undervalued and stand to be richly rewarded in the long term, particularly if AI lives up to its promise.
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White papers
Investing in transition materials for innovation
Demand for the critical commodities underpinning the energy and materials transition is expected to increase exponentially over the next decade, alongside a shortage of supply. We outline our convictions for the transition and how these inform our investment in materials set to enable and benefit from the technology revolution.