All White papers articles – Page 316
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White papersFederated Hermes Asia ex Japan: Letter to investors, March 2021
After a testing decade for contrarian, value-biased investors, there are hints of change as expectations of an end to extraordinarily cheap money have caused price movements. Could a long-awaited enduring rotation be in the offing? Here Jonathan Pines, Portfolio Manager of our Asia ex Japan Strategy, presents his views.
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White papersPricing ESG risk in credit markets
To analyse credit risks with greater precision, we developed a pricing model in 2017 to capture the influence of environmental, social and governance (ESG) factors on credit spreads. It showed a convincing relationship between ESG risk and credit spreads, manifesting as an ESG-risk curve.
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White papersDiversification through factor-based investing in corporate bonds
Allocations to factor-based strategies in corporate bonds have grown, with an expanding body of research demonstrating its advantages.
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White papersChina: Policy and investment implications under Biden
The first 100 days in power for any new presidential administration is never easy. With US-China relations at arguably their lowest point in 50 years, the administration of US President Joe Biden will have to make some difficult policy decisions that could affect the balance of the world’s two largest economies. How could the relationship evolve over the next four years?
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White papersGlobal Emerging Markets: ESG Materiality, Q1 2021
In this edition of our ESG Materiality Newsletter, we provide an overview of our engagement activities, as well as case studies demonstrating the progress we have made with portfolio companies. We also delve into an environmental, social and governance (ESG) theme, and its implications for the Emerging Markets asset class.
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White papersHedging against inflation: Do you really understand inflation-linked bonds?
US inflation expectations have risen over the last year, and with the passage of an additional USD 1.9 trillion stimulus package, any investor who was not already worried about inflation is likely to have started paying attention.
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White papersRenewable energy stocks look set to rally
We continue to see signs that renewable energy stocks are well orientated after the sell-off that marked the start of the year.
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White papersCan a shift in UK policy help make the ESG case for nuclear?
The UK government says nuclear energy may have a vital role to play in cutting carbon emissions. However, more detail is needed to help investors assess nuclear technology’s ESG credentials, argue Darryl Murphy and Stanley Kwong.
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White papersAsset classes views: Climbing the hill
As the new decade dawns upon us, we are beginning to see the light at the end of the tunnel. The unprecedented nature of the current crisis required correctives on multiple fronts on a global scale. With many of these measures in place or in the pipeline, the much-awaited recovery is within reach, but the path forward remains arduous, nonetheless.
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White papersBlue economy – Saving whales means saving the planet
Are whales man’s greatest ally as rising temperatures pose unprecedented threats to the planet?
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White papersWhat real estate managers need to learn from the hospitality sector post Covid-19
Landlords and tenants need to work together to create sustainable solutions for the future, and we think it’s win-win for both.
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White papersWhy the Distressed Debt Opportunity Looks Different This Cycle
A surge in defaults and distressed opportunities seemed likely when COVID struck—but stimulus measures and creative financing solutions have reshaped both the opportunity set and the timing.
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White papersValue from Values: Building Frameworks for ESG Investing
With investors hoping their money can deliver returns and advance core values at the same time, asset managers have been testing different approaches. The biggest challenge comes in translating these values and an organization’s social goals into actionable investment strategies.
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White papersFive Factors Shaping the Global Economy in 2021
From interest rates and inflation to government stimulus and multi-speed recoveries, Dr. Christopher Smart tells us what we know today—and what we still need to find out—about the global economy’s comeback from COVID-19.
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White papersA new shape for restructuring in the EU?
Many years in gestation, the European Union Directive on preventive restructuring frameworks sets a July 2021 deadline for member states to more closely align their national restructuring and insolvency laws. What changes does this imply and how will it impact direct lending decisions for the international business of Federated Hermes and our clients?
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White papersLeveraged loan market outlook - what will 2021 bring
The loan market is one of the few areas of fixed income still offering meaningful yield and consequently we believe the asset class will continue to attract investor interest in 2021.
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White papers1st Quarter Signals: Five questions facing markets
Markets have continued to ride their upward momentum through the first quarter of 2021,with investor optimism fueled by wider distribution of COVID-19 vaccines and expectations for the sizeable fiscal stimulus package from the Biden Administration.
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White papersThe unique time for US value: rotation from growth plus innovation, quality and ESG improvement
The rotation towards value is a key theme of our 2021 investment outlook. As the US economy moves towards reopening and a return to normalcy, we expect an overly accommodative Federal Reserve (Fed) to let the economy ‘run hot’ in the near to medium term, meaning reflation and a steeper yield curve.
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White papersDo not give up on fundamental valuations
It’s been one year now since the Covid-19 pandemic disrupted the world. It changed our lives, but financial markets seem to have side-lined this dramatic event as a temporary pullback, which was quickly recovered and forgotten as most risk assets achieved new highs.
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White papersEOS 2020 Annual Review
EOS publishes 2020 Annual Review with full engagement and voting highlights
