All White papers articles – Page 21
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White papersGlobal Investment Views - October 2024
Capital markets whipsawed between a weakening US labour market and hopes that the Fed would successfully steer the economy towards a soft landing. Markets are optimistically interpreting the latest policy action, which could potentially boost consumption and investment. The other narrative is that the Fed would not have implemented a big cut without having apprehensions on the economic front.
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White papersRelative Value & Tactical Asset Allocation Q4 2024
We are anticipating a stable macro environment in the near future, with some uncertainties stemming from U.S. elections and monetary policy. We continue to look for spreads to mostly remain range bound, with a low chance of further tightening. With a low risk of recession, a carry strategy is preferred in the next quarter or two, meaning we prefer investments with attractive yields, while remaining cautious about potential weakness.
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White papersProving resilience and durability
As a top-performing asset class for about a century, farmland has proven time and again to have upside growth potential and to be resilient throughout various economic scenarios. It is an essential global property sector tied to food production. Jim McCandless and Daniel Murray, co-CIOs for farmland at UBS Asset Management, discuss why more investors are looking to add farmland into their investment portfolios.
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White papersQ3 2024 CIO Review and Outlook
Many emerging markets have delivered a robust performance this quarter amid a number of headwinds and we expect key geographies to build on that in the coming months.
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White papersRe-Emerging Markets
After several years of price decline, we see EM equities as poised for a resurgence. Already one of the best-performing asset classes of 2024, we see further upside from here.This is based on a clear reversal of recent headwinds, notably higher US interest rates and a strong dollar.
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White papersChina’s recovery, is it for real this time?
Beijing has finally moved to fight the rising risk of a debt-deflation spiral with aggressive stimulus measures. Markets are taking this pivot seriously: Chinese stocks have rallied sharply and could have further to run in the short term. What is needed to sustain the recovery in the economy and asset markets is a real sense of conviction – among consumers and investors.
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White papersCLOs Go Mainstream
Rates are on their way down—so why are investors lining up for these floating-rate securities?
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White papersFollowing a bumper 2024, what’s next for the US economy and market?
The US has dominated financial markets this year. The economy has been stronger than expected with GDP growth running at an annualised rate of 3.0% in the second quarter (Q2).
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White papersDo elections really matter to investors?
Investors seek to track the evolution of the economic fundamentals that serve to anchor asset returns over a long-term time horizon. We look at what they are.
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White papersUS election: the Inflation Reduction Act (IRA) and the risk of repeal – Implications for investors
In November the US goes to the polls to decide who will be the next president – the Democrat incumbent Joe Biden or returning Republican nominee Donald Trump. Under Biden, in August 2022 the US introduced the Inflation Reduction Act (IRA), a federal law which aims to, among other things, invest into domestic energy production while promoting clean energy. It represents the largest ever Congressional investment in the energy transition.
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White papersInvesting in TJX: Discounted value for the Millennial consumer
TJX is the world leader in off-price retailing. ‘Off price’ is a discount pricing format, whereby a retailer purchases excess stock from known brands, for example Ralph Lauren, and sells it on to the end consumer at a lower price. In Europe and the UK, TJX’s well-known local brand, TK Maxx, typically retails branded goods at a 60-65% discount, but can go as low as 90%, encouraging consumers to embrace the ‘treasure hunt’ format, exploring the store for bargains.
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White papersOn the ground in Turkey – where down means up
Will Scholes, co-fund manager of the Premier Miton Emerging Markets Sustainable Fund, pens a postcard from Turkey and argues “there is no substitute for on the ground research”.
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White papersGlobal equities — a staple ingredient in your portfolio
Empirical evidence shows that equities have been a consistent source of long-term returns, outperforming other asset classes over multiple decades. In addition, that longer equity holding periods may help reduce risk and improve performance.
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White papersRedevco Targets Opportunities in Retail’s ‘Secular Shift’ with €1.0 bln Pan-European Urban Transformation Investment Pipeline
Retail real estate investment markets in Western Europe have taken a battering in recent years from e-commerce and the Covid pandemic, which have contributed to the hollowing out of oversupplied retail High Streets and hit capital values and rental growth.
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White papersWhy institutional investors are turning to data centres
The data centre industry is experiencing explosive demand growth driven by expanding use of technology and structural shifts in how data is consumed.
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White papersThe continued resilience of U.S. affordable housing
As the real estate investment environment continues to navigate challenges, investors are seeking ways to diversify allocations to affordable housing. Impact investment strategies such as affordable housing have long been known for delivering positive social and environmental changes, however, the economic benefits of U.S. affordable housing remain misunderstood by many investors.
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White papersBoosting digital infrastructure with private market investment
Digital infrastructure represents one of the fastest growing subsectors of the infrastructure asset class. Cloud computing and AI, for example, are showing rapid growth driving the need for ever greater connectivity and processing capacity. Matteo Colombo, Managing Director in Legal & General’s private markets business, delves into why he believes it’s crucial to ensure there’s adequate capital invested in digital infrastructure assets and how these may appeal to investors in private markets.
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White papersNavigating Europe’s Data Centre Market
The demand for data and the growth of the data centre market in Europe has been remarkable. Since 2019, the European colocation market has grown at a 24% CAGR, from 1,806MW to 5,833MW by H1 2024.
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White papersIs it prime for picking?
If you were to write down the combination of factors to create the ideal scenario for value-add investing, it would look remarkably similar to what we see in today’s markets. The alignment of deep repricing, intense liquidity pressures, the need to bridge the debt financing gap, a progressive regulatory environment, a reduced supply pipeline, evolving structural mega-trends and the loosening of interest rates have created a distinct opportunity for investors ready and able to deploy capital into real estate.
