All White papers articles – Page 348
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White papersImpactful intent: RPI report 2019
In 2018 we launched the Hermes impactful intent framework as part of our commitment to deliver positive societal and environmental outcomes alongside strong risk-adjusted returns. In our 2019 responsible property investment (RPI) report, we consider how our holistic approach to real-estate investment has created healthier workplaces and helped bring the ‘meaningful city’ concept to life.
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White papersThe ECB And The EU Banking Sector: Some Relief, With Winners And Losers
The new two-tier deposit-reserving scheme: With this measure the European banking sector could save up to c. €4 billion in annual interest costs (based on avoiding the -50bps deposit rate). However, while a large number in absolute terms, this only accounts for c. 2% of earnings on average for the main banks in the sector and therefore has little impact on overall Returns on Equity and profitability metrics.
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White papersFlexible credit: all-weather allocation
Flexibility means having the freedom to invest strategically across fixed-income markets. In the second instalment of our five-part series, we look at how flexible strategies generate returns by allocating capital and risk across the credit spectrum.
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White papersSouth Africa’s economy under pressure
A possible downgrade by Moody’s could compound South Africa’s economic difficulties as Sabrina Khanniche explains.
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White papers
Are High Yield Investors Being Compensated for Risks?
In the context of today’s fundamental backdrop and default outlook, spread levels suggest investors are being fairly compensated, relative to other points in the cycle, for the amount of risk they are taking.
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White papersThe Fed Cuts Rate, But The Market Expects More
The Fed cut rates, but the market expects more: As expected the Federal Reserve lowered its target range for the Federal Funds rate by 25 basis, and now the market anticipates as many as three more cuts by the end of 2020. We think that is too much. In our view, the Fed is likely to pause to monitor the effects of the rate cuts on the economy, before acting again.
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White papersGlobal Investment Views - October 2019
Stay Agile Amid High Uncertainty
Over the past few weeks markets have fluctuated between positive news around geopolitics (US-China trade talks, Italy and receding risks of no-deal Brexit) and not so good news around economic data (German recession, US manufacturing and Chinese slowdown). This led to a rebound in equities and a rise in core bond yields. -
White papersCapitalising on Dublin’s docklands boom
Home to tech giants, business and finance multinationals and a host of retail and cultural attractions, Dublin’s Docklands is a thriving international hub of commerce and leisure.
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White papersRefining Risk Management for an Uncertain World
Investors are facing a strategic conundrum in a world of vast political, macroeconomic and market risks. In this environment, generating a better risk/return balance requires a deeper understanding of the sources of risk across asset classes and new data analysis techniques.
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White papersEight charts that explain the growing importance of China A-shares
More and more international investors are turning their attention to the increasingly important China A shares market. Here’s why.
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White papersBeyond ESG risk integration: Impact investing
Environmental, Social and Governance (ESG) investment is taking root within the infrastructure investment community. Infrastructure assets have the potential to bring strong social, environmental and economic benefits to society but they are also particularly exposed to ESG risks. Most investment firms active in the space have by now implemented ESG considerations in their investment process.
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White papersCounting the business cost of deforestation
The risk of brand damage and consumer boycotts from poor environmental corporate practice has never been higher. Some companies are changing their ways, others could do more.
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White papersWhat are insurance-linked securities and how do they work?
A challenging environment for traditional asset classes means less correlated assets - like insurance-linked securities – are in higher demand. How do they work?
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White papersTapping into Europe’s abundant living sectors
With rising urbanisation and innovation, the world’s largest cities are getting larger and people and places are becoming more interconnected than they’ve ever been. Combined with a shift in perceptions around where we live, work, socialise and retire, the nature of housing is changing and we at M&G Real Estate see abundant potential in the living sectors – comprising student housing, rental apartments and senior living, says Marc Reijnen, Head of Investment and Asset Management for Continental Europe.
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White papersThe global warehouse boom: Industrial investment in the U.S. & EU
The logistics industry is a rapidly growing force in the global economy, driving extraordinary demand for warehouse property. In 2018, global industrial transaction volume climbed to a record high of $154 billion, almost 10% of all investment sales.
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White papersEuropean Real Estate Equity: Uncovering Value City by City
Amid an uncertain macroeconomic backdrop, attractive value can still be found within European real estate—but it is important to consider sector and geography, and to partner with an active manager who has the flexibility to invest across different strategies and styles.
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White papersPortfolio Risk Management: A Multidimensional Perspective
Asset allocation, effective portfolio design and dynamic management have always been powerful tools for battling volatile markets, but risk has come into even sharper focus lately. Economic growth is slowing, yields are low and stocks have taken several tumbles. Investors are looking for new ways to tackle risk.
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White papersEuropean Real Estate: Late-Cycle Value from Manchester to Munich
Can value still be found (or created) ten years into the European property market cycle? And if so, which sectors, geographies and risk profiles look most compelling? Barings’ Charles Weeks weighs in.
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White papersYour Questions Answered by Hermes Multi Strategy Credit
Your Questions Answered: a quarterly Q&A series featuring the top 10 questions that clients and prospective clients ask our investment teams.
