White papers - all assets – Page 9
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White papers
Central Bank Watch: A slow burn
The Franklin Templeton Fixed Income (FTFI) Central Bank Watch is a qualitative assessment of the central banks for the Group of Ten (G10) nations plus two additional countries (China and South Korea).Each central bank is scored on three parameters: Inflation Outlook Perception, Quantitative Easing/Liquidity Management Programs, and Interest Rate Forward Guidance. Each parameter can be scored from a range with a minimum of -2 (dovish) and a maximum of +2 (hawkish).
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Dispelling the myths around emerging market debt
Things in emerging markets are not always what they seem. In December 2023, Argentina elected as president Javier Milei, a rabble-rousing populist fond of brandishing a chainsaw on the campaign trail. Milei had a radical agenda, including dollarising the economy and abolishing the central bank – just the kind of policies that alarm investors.
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The potential power of income to deliver long-term returns
After years in the wilderness, equity income is now arguably competing on a much more level playing field than it was in the past decade.
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White papers
Fiber-to-the-home: Missed connections? i3 article on navigating the investment landscape
Fiber optic cables, originally developed in the 1950s to allow doctors to view the inside of a patient, are now essential infrastructure that everyone needs to access remote employment opportunities, as well as access to education, healthcare, entertainment and even socialization.
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White papers
What You Didn’t Know About European Offices
Are European offices broken? We don’t think so. They’re just different.
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Allocation Views: Balanced risk across assets
In this month’s Allocation Views, despite a constructive growth outlook, global equity markets remain at extended valuations and sentiment has repeatedly breached exuberant levels. A bumpy but ongoing disinflationary process suggests this is not the time to take aggressive positions in portfolios.
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White papers
Equities at all-time highs
”We expect equity markets to take a breather after the recent all time highs. We look for opportunities beyond the mega caps and in emerging markets.”
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White papers
EMEA Investment grade outlook, H2 2024
Inflation is finally coming down, central banks are poised to cut rates, and credit spreads have withstood volatility in government bonds. So where do we see things going from here?
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White papers
Why we’ve said ‘auf Wiedersehen’ to Deutsche Bank
A great German thinker once said: “We rarely find people who achieve great things without first going astray”
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White papers
Mid-year investment update – Navigating political turmoil
The US economy is still on a soft landing path, even if the speed and timing of the touchdown vary after each economic release. The most recent US inflation data show price rises slowing more quickly than in the first part of the year. The eurozone, by contrast, continues to see persistently higher inflation
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White papers
UK DC Pensions: Overcoming the Hurdles to Investing in Private Markets
Historically, UK DC pension plans have struggled to invest in private markets. We’ve found that where there’s a will, there’s a way.In today’s challenging environment for DC pension savers, allocating to private markets can help improve return potential. Implementing an allocation to private markets in DC pensions isn’t straightforward, but it can be done. The secret? A combination of experience, ingenuity and an appropriate choice of investment vehicle.
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White papers
Third Quarter 2024 Market Outlook
PGIM Fixed Income’s Third Quarter 2024 Market Outlook
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White papers
UK election delivers no-drama outcome
Britain’s Labour Party returned to power for the first time in 14 years after winning a large majority in parliamentary elections that were held on July 4. Labour, led by Keir Starmer, won more than 410 of the 650 seats in the House of Commons, while the Conservative Party suffered its worst-ever performance.
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White papers
Policy and Politics
The first-quarter inflation bump is behind us, but the risks of a monetary policy error and electoral shocks have risen. While we believe the fundamental economic outlook for the next 12 – 18 months remains positive for risky assets, the potential for monetary policy errors and election-related volatility overshadows the coming months. These risks prevent the AAC from taking a more overweight view on risky assets, and keep us focused on quality assets and portfolio balance.
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White papers
Infrastructure debt in a sweet spot for 2024
Private infrastructure had a challenging 2023. After a record fundraising year in 2022, we reported in our Infrastructure Outlook 20245 overall funds raised in 2023 fell by over 50%.
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White papers
Why choose semi-liquid funds for investing in renewable infrastructure?
There are more opportunities for investors to access renewable energy investments today. We look at how semi-liquid funds fit the bill.
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White papers
A practical handbook – Adjusting your investment approach to net zero
For many investors, taking the actual and likely effects of climate change into account when shaping portfolios is now a central consideration. To help them calibrate their approaches so that they can contribute to meeting global targets for net zero greenhouse gas emissions, BNP Paribas Asset Management is launching this handbook. It offers investors practical guidance.
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White papers
Finding the right blend: Optimising asset allocation in liquidity pools
In the second part of our new article series on liquidity optimisation, Alastair Sewell investigates how investors can find the right mix of assets for their liquidity pools.
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White papers
Which matters more, top-down or bottom-up?
As an active credit manager, bottom-up analysis is always going to be a core part of our investment process – we add alpha for our clients through careful security selection. But given today’s macro environment has diverged so much from historical norms and is on the verge of shifting again as monetary loosening gathers momentum, what role does a top-down view play and is it more important than bottom-up calls?
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White papers
Higher for Longer: The CIOs’ Weigh In
While this year’s inflation and rates environment has disappointed many, we see it as a bump in the road that has created opportunity in several markets.Midway through 2024, it’s pretty clear what the story of the year has been so far: stickier inflation and higher rates for longer than many investors wanted or expected.