White papers - all assets – Page 86
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White papers
Biodiversity: why investors should care
The past 30 years have seen a bigger improvement in human prosperity than all of the past centuries combined.
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Adding thematic equities to diversified portfolios
Once considered niche, thematic equities have in recent years evolved into mainstream investments. Their ability to transform broad, long-term macro-economic, technological and environmental trends into investments has struck a chord with a growing circle of investors. Even so, questions remain over how to incorporate such stocks within portfolios that use traditional asset allocation frameworks. We propose three broad approaches where investors can incorporate thematic equities in their diversified portfolios.
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Fasten your seatbelts
We summarise key dynamics at play in credit markets and explore how best to capitalise on the bumps that are creating the beginnings of another fertile special situations investment environment.
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Private credit – from niche to mainstream?
For more than a decade, both corporate and consumer borrowers benefited from low interest rates and a very low cost of capital. As the global economic backdrop continues to adjust to the activity of central banks and the uncertain geopolitical backdrop, investors are seeking ways to ensure that their portfolios are adequately positioned in order to meet their long-term risk and performance goals, write Jo Waldron and Karen Lam at M&G Investments.
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Private debt: aligning investment needs with the means to deliver
An asset class that is now a core part of institutional portfolios, Mercer’s Private Debt offering combines expertise and opportunities to deliver amid a complex macro environment
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Reimagining Growth: A Market Beyond Mega-Caps
US growth stocks were hit hard in last year’s downturn, with the mega-caps accounting for nearly half of the market’s decline. Now, the changing contours of the market mean investors can capture a broader array of recovery candidates while incurring less benchmark risk.
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Why Rising US Rates Don’t Have to “Break” the System
Over the past few decades, investors have become conditioned to expect that rising interest rates will trigger broader US financial market crises. There’s history to support this view: the savings and loan crisis of the late 1980s and early 1990s, the mid-1990s Mexican peso crisis (as well as Orange County, California’s default), the bursting of the tech bubble and the housing-market meltdown 15 years ago.
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Economies recover against backdrop of growing confidence
Business activity in the UK, Eurozone and Japan has been more resilient than initially expected this month, suggesting economies may escape a more severe recession.
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China reopening should benefit parts of EM Asia
Spillovers from China’s reopening will be mostly positive. The main channels are through tourism, goods imports and commodity prices.
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Global Investment Views - March 2023
“The dichotomy between the real economy and markets is increasing even as the earnings outlook is getting weak, leading us to be sceptical of the risk rally.”
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The soaraway rebound of global tourism
Global air traffic forecast to reach pre-Covid levels this year, boosted by the reopening of China.
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Stewardship navigating a polarised world
With the publication by EOS at Federated Hermes of its 2022 Annual Review of engagement and voting highlights, Leon Kamhi, Head of Responsibility and EOS, reflects on our stewardship activity in 2022, which was carried out within a polarised landscape for active ownership.
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360° fixed income report Q1 2023: Inflation, disinflation, inflection
In the latest edition of our 360° report, the team reflect on what has been a promising start for fixed income in 2023. Can the rally sustain, has too much of the good news already been priced in, and what will shape the narrative over the course of this year?
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EOS Engagement Plan 2023-2025
Our engagement plan identifies 12 key themes and 32 related sub-themes. We find this breadth of coverage is necessary to reflect the diversity of the issues affecting companies in our global engagement programme.
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The 10 themes that could make or break an EM renaissance
In our 2023 outlook, Kunjal Gala, Head of Global Emerging Markets, outlines the key factors that could drive market returns for EM equity investors in the year ahead.
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Direction of rates hangs over equities rebound
Expectations of early easing tempered by sharp rise in US retail sales.
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What does COP15 mean for investors and companies?
The UN’s Biodiversity Conference – also known as COP15 – delivered a new Global Biodiversity Framework that aims to halt and reverse destruction of the natural world. We attended COP15 as part of the Finance for Biodiversity Foundation delegation. Engager Sonya Likhtman outlines our involvement, what was achieved, and the implications for investors.
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Sustainable Global Equity Report, Q1 2023
China’s road to reopening should act as a catalyst for emerging markets and global growth in general, while retaining a focus on common prosperity and decarbonisation.
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White papers
*Allocating to private assets in open-ended funds*
Private assets such as private equity and private debt have come to the fore as a viable alternative for investors looking for returns that were not available in public markets. Investing in private assets may involve concessions on the liquidity of the investments, but their illiquidity premium and the breadth of the asset class can be seen as offsetting factors.
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White papers
Politics, Deficits and the Debt Limit
We firmly believe that Congress will ultimately raise the debt limit, but it’s worth remembering that political drama affects markets.