All White papers articles – Page 2
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White papersSmall Caps: To Index or Not to Index
More investors are taking a passive approach to small caps. Should they?
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White papersTrumponomics and European real estate
The incoming US administration isn’t all bad news for Europe’s real estate investors
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White papersCOP29: Temperature Overshoot, Policy Undershoot
As COP29 gets underway, we consider the meeting agenda against the background of both the climate itself and recent progress on climate policy and financing.
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White papers2025 outlook: private markets shine bright
Against a backdrop of mildly decelerating economic growth, weakening domestic demand, and interest rate cut expectations, the private market and real estate asset classes can offer relatively attractive investment opportunities as well as risk and return diversification.
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White papersQT or Not QT?
Against the aggressive expansion of the balance sheet in response to the COVID pandemic, the Federal Reserve expanded its balance sheet from $4.1 trillion, or 18.8% of GDP, to a peak of $9.0 trillion, or 35.6% of GDP, in Q1 2022. This is nearly double the pre-COVID level, which was already elevated relative to the balance sheet seen in the wake of the Great Financial Crisis.
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White papersCentral and Eastern Europe (CEE): Back on the EM Radar
Higher Funding Needs Due to Elevated Post-Pandemic Fiscal Imbalances.
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White papersGold and geopolitics
“Gold prices may fluctuate in the short term, but metal is expected to potentially provide stability, over the medium term, as a result of geopolitical tensions and deteriorating government finances.”
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White papersLDI market review and outlook: The aftermath of an eventful election season
The summer lull never really materialised this year as geopolitical risk considerations, and a significant election schedule remained at the fore, resulting in changeable investor sentiment and hence relative value opportunities.
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White papersAn agile approach to credit – amid volatility and uncertainty
As we look ahead to 2025, the forces that drive global credit are rife with mixed signals and extreme valuations. As evidenced over the last year, an unconstrained approach to credit investing can utilise a tactical approach, which has the potential to generate alpha amid dynamic market conditions.
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White papersHas the Fed’s rate-cutting cycle been knocked off course?
The US Federal Reserve has the scope for one more rate cut in 2024. Will the latest inflation data make it pause?
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White papersBeyond paper gains: the rising prominence of DPI and its focus on real returns
The private equity industry is undergoing a mindset shift with regards to returns. As traditional exit routes remain gridlocked and liquidity scarce, investors unable to turn portfolio returns into cash are rethinking what successful private equity performance looks like.
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White papersA new frontier for stewardship
Stewardship has evolved significantly since EOS at Federated Hermes Limited began in 2004, maturing into an industry with many more participants, all seeking to drive real-world outcomes. But this has also brought fresh challenges. Amy D’Eugenio reflects on this changing backdrop and looks ahead to the next 20 years.
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White papersOutlook 2025-2027: Attention to health care real estate
Attention health care real estate! The asset class is moving up the political agenda and attention to new care facilities is growing. Supply and demand prices are becoming more balanced, while institutional investors’ interest in sustainable real estate continues to grow. In the Outlook 2025-2027, Achmea Real Estate is therefore optimistic about investments in health care real estate.
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White papers2025 Macro Outlook: Slower growth amid geopolitical uncertainty, but opportunities remain
Headwinds are blowing but conditions are supportive, so we see both risks and opportunities in 2025.
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White papersInvestment Grade Spreads: Tighter for Longer?
Spreads on IG bonds have been tight for most of the past year. Are we finally going to see a widening out of spreads? Even though spreads have been unusually tight for a long time, we expect that spreads will remain tight until markets become convinced about either a recession or a soft landing before we see material and persistent spread widening.
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White papersEmbodied carbon: Exploring carbon emissions at the construction phase with Datum datacentres
Datum Datacentres operates a network of environmentally efficient, carrier neutral data centers. Below is a snapshot of what the company is doing to assess the emissions in the production and construction phase of its new datacenter as part of its environmental management plan.
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White papersStalling car auction sales suggest broader consumer weakness
The popularity of online car auctions has created a unique two-way market dataset that is liquid and representative of all the US. Alongside wider income and expenditure data, we can see consumer pressures rising up the wealth ladder.
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White papersData centers
Data centers are growing rapidly across the world. How can we manage their sustainability impacts?
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White papers2025 Equity Outlook: Will lower rates and strong earnings be enough to keep markets up?
Going into 2025, strong company fundamentals and trends in innovation could be outweighed by increased geopolitical risk and policy uncertainty.
