White papers - all assets – Page 66
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White papers
Augmenting Investment Decisions with Robo-Advice
We study the introduction of robo-advising on a large representative sample of Employee Saving Plans. Differently from many services that fully automate portfolio decisions, our robo-advisor proposes investment and rebalancing strategies, leaving investors free to follow or ignore them. We investigate the resulting human-robot interactions and show that with the robo-service investors increase their attention to the portfolio, their investment in the plan and their equity exposure.
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White papers
Credit crisis? Why this time may be different for REITs
“Credit crisis” and “banking stress” are dominating headlines and creating uncertainty for capital markets. Real estate is a capital-intensive industry and depends on well-functioning capital markets to thrive.
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White papers
Listed Infrastructure: A timely complement to unlisted infrastructure
Since its emergence as an asset class in the 1990s, infrastructure has increasingly featured as a distinct allocation within institutional investment portfolios. Traditional infrastructure assets typically share specific attributes that support the delivery of steady investment returns throughout an economic cycle.
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White papers
Three talking points on European utilities: short-term uncertainty versus long-term opportunity
Despite ongoing uncertainty created by the energy crisis, the mid- and long-term outlook for European utilities remains compelling, supported by a fast-growing renewables sector.
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White papers
Sustainability watch: carbon removal, aviation emissions, and battery recycling
Our selection of sustainability news from May includes ambitious new environmental legislation in Europe, as well as examples of companies engaging with renewable energy investment and targets for zero packaging waste.
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White papers
The case for a higher-inflation regime
Financial markets are convinced headline inflation rates will fall sharply towards central bank targets over the next two years, with stable expectations in the medium to longer term.
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White papers
Beyond the headlines: Five ESG investment perspectives
When it comes to ESG issues, much recent media coverage has understandably centred on energy transition and security. But, beyond the energy headlines, there are many other ESG-related considerations shaping investment opportunities across various sectors.
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White papers
Is the long-term case for emerging market debt still intact?
2022 was a difficult year for fixed income in general, including emerging market debt, amid high inflation and aggressive rate hikes by central banks. While the global backdrop remains a headwind for emerging markets, relatively strong macroeconomic fundamentals in the major EM countries, combined with high starting yields and undervalued exchange rates within local currency debt should provide a buffer to any further volatility.
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White papers
Unmasking A $28 Trillion Biodiversity Risk: A Deep Dive into Our New Biodiversity Dataset
Biodiversity, or the variety of life on earth, is facing a sixth mass extinction. Humans have destroyed insurmountable areas of habitats both above and below water, resulting in a 68% decrease in animal populations since the 70’s. In fact, according to Dasgupta, demands on nature far exceed its capacity to supply them, putting biodiversity under huge pressure and society at “extreme risk”.
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White papers
The case for private markets: three things to know
In this uncertain market environment, investors struggle to enhance returns and reduce risk. Private markets — assets that are not traded on public exchanges, including debt, equity, real estate and real assets — may help achieve those goals. Investors should consider three important benefits as they evaluate allocating to private markets.
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White papers
Private Placement Debt is an All-Weather Investment Strategy
The unique characteristics of private placement debt help position the asset class to perform well despite the potential for an economic slowdown or recession. Private placement debt is predominantly investment grade, comes with structural protections, and offers the potential for incremental income.
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White papers
Investing in quality credit for net zero
An eventful start to 2023 saw sticky inflation and a banking crisis on the macro front, and further government action in climate policy. We review the landscape for corporate bond investors in the net-zero transition during an action-packed first quarter.
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White papers
Structured credit market outlook: Opportunity in volatility
Alcentra explores the current CLO market opportunity and why investors should consider exposure to this asset class today to take advantage of meaningful potential upside.
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White papers
Sustainability signals: an analysis of labelling schemes for socially responsible investments
Several labels for sustainable investment funds sponsored by government and nonprofit organizations (GNPOs) have emerged in Europe. This paper examines the coherence of the signals sent by these sustainable labels versus those from the private sector.
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White papers
International Equities Present Mispriced Value
International equities offer historically cheap valuations relative to their own history and to U.S. equities today. This paper discusses why now may be an excellent time to consider allocations to this asset class.
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White papers
The decade ahead for private credit
In this special issue of Private Debt Investor, Nuveen CEO Jose Minaya and Churchill President and CEO Ken Kencel reflect on the evolution of private credit over the past decade: today, it has not only become an established part of the institutional investor allocation mix, but is increasingly seen as the primary source of financing for middle market companies and their private equity owners. Having proven its worth to the market, the industry is set for further change and growth.
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White papers
Turning Less into More: How to Improve Equity Outcomes by Reducing Risk
In a world of macroeconomic and market uncertainty, the fear of losing money may deter investors from seeking to capture equity return potential. Is there a way to stay confident when volatility strikes?
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White papers
Partnering is key to regulatory compliance in 2023
After a period of international coordination following the financial crisis, regulators are once again defining their own agendas and increasing the diversity of rules across markets. According to David Petiteville, Director of Regulatory Solutions, Product, partnering with financial industry stakeholders will be key to preparing for market changes and new rules this year.
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White papers
Degrees of climate investing: decarbonisation on paper and in practice
Over the past years, sustainability considerations have permeated the investing space. While traditionally utilised for risk reduction, ESG investing has evolved to not only consider exclusion-based approaches but covers many different areas of sustainability and strategies to translate these into portfolio construction. As almost 90% of global emissions are covered under net zero targets, also a growing number of investors wish to specifically focus on climate in their investments.
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White papers
Institutional Ownership and the Resolution of Financial Distress
We analyze the distressed firm’s decision between Chapter 11 and an exchange offer. We construct a comprehensive data set on the financial characteristics and capital structure of 269 distressed firms, which, unlike previous studies, uses quarterly information and includes exhaustive data on equity and bond ownership by institutional investors.