All White papers articles – Page 19
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White papersCorporate fundamentals: Opportunities and challenges within credit dispersion
Reporting season will be crucial in our assessment of corporate credit fundamentals.
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White papersEOS Engagement Plan 2024-2026
Our Engagement Plan identifies 12 key themes and 36 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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White papersAsia ex-Japan Equity: Letter to Investors
In our latest Letter to Investors, Jonathan Pines, Lead Portfolio Manager, Asia ex-Japan Equity, looks at the remarkably attractive valuations on offer at the present time, and the implications for long-term investors.
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White papersUS Inflation surprise on the Fed radar
The January inflation data in the US is not totally reassuring for the Fed. While goods prices continue to slow down, core services inflation is picking up, notably in Shelters, Medical care, and Education & Communication.
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White papers360°, Q1 2024: Dispersion, disparity, duration
Will the stars align for active fixed income managers in 2024? In the first fixed income report of the new year, our credit team reflect on the year gone by and what may lie in store in the year ahead.
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White papersInstitutional investors’ approaches to responsible investing
In this paper, we aim to understand institutional investors’ approach to responsible investing, which has become an important consideration in many investors’ portfolio management decisions. We conduct in-depth qualitative interviews with more than twenty institutional investors – mostly consisting of pension plans and central banks –, and complement our insights with relevant findings from academic literature.
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White papersFallen angels radar: positive 2024 supply dynamics
In this new quarterly publication, we monitor developments in the fallen-angels universe to find investment opportunities. Which corporate bond issues have lost their investment-grade (IG) rating to join the segment? How are corporate credit ratings progressing? What trends do we see emerging in credit quality?
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White papersAdded Value in ABS
Corporate credit offers tight spreads and a broad consensus—might the complex crosscurrents of securitized products be more interesting?
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White papersThe Importance of Monitoring Credit Spreads In Positioning Equity Portfolios
On February 5, 2024, the yield spread between the Baa corporate bond and the 10-year Treasury bond sat at 157 bps—just 9 bps wider than the narrowest level seen since 2000.
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White papersCapital Market Assumptions 2024: Implications for European Insurance Portfolios
Optimizing insurance portfolios for the road ahead.
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White papers2023 Proxy Season in Review
In a period of unique market and economic dynamics, Neuberger Berman continued our tradition of vocal engagement to encourage best practices from companies.
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White papersPlastic wrap: biotransformation, bans on waste exports and a landmark lawsuit
Scaling up plastic reuse, the biotransformation of refuse and banning many current European exports of waste are among the topics we cover in this issue of Plastic wrap, our bimonthly review of the science, policy and corporate activity pivotal in creating a circular plastics value chain.
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White papersConsider This: Demographics and long-term growth
Conventional wisdom points to young demographics being a driver of economic growth. The reality is more complicated.
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White papersKeeping an Eye on Liquidity as Risks Converge
The Fed’s close monitoring and well-signaled tapering of QT should prevent disruptions to the short-term funding markets—despite converging risks.
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White papersPutting recent commercial real estate debt headlines into perspective
New York Community Bank (NYCB) posted a surprise fourth-quarter loss as it built reserves for commercial real estate (CRE) debt losses, and it cut its dividend by more than 70%, resulting in the greatest-ever-day-over-day decline for the stock (–38%).
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White papers3 Reasons to own listed REITs today
REITs perform well after a Fed pivot and should be part of a long-term asset allocation. Tactical opportunities may emerge as rate/growth expectations remain volatile.
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White papersListed infrastructure: Factors aligning for renewed investor attention
We believe an attractive entry point for listed infrastructure is emerging, considering the potentially favorable macro environment and the asset class’s attractive valuations relative to broader equities.
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White papersA closer look at the recent rally in listed REITs
Listed REITs in November posted their 5th best monthly return ever and have continued to rally in December. We believe this shows sentiment has now turned with the Fed’s recent pivot.
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White papers2024 Global Real Estate Outlook
What does 2024 hold for real estate? Financial conditions and global megatrends (demographics, digitisation, deglobalisation and decarbonisation) will continue to influence return potential and sector allocation, affecting different regions in different ways. Both macro and micro lenses are necessary to take advantage of market dislocation and uncover those opportunities that could deliver strong returns.
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White papersInvestment Update: Looking ahead once again
“Looking ahead to 2024, we can take stock of the 2023 investment year”, writes Casper Hesp, director Investment Management in the new Investment Update.
