All White papers articles – Page 6
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White papers
Navigating Private Credit’s Next Act
As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.
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White papers
Growth, Inflation and Equity Markets
We anticipate a supportive U.S. growth and inflation environment in 2025, but equity investors may not benefit from it by simply tracking the S&P 500 Index.
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White papers
In the Balance
We think easing inflation and a pro-business policy environment will support above-trend growth in 2025, but the balance is delicate with risks piled up on both sides.
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White papers
Fixed Income Investment Outlook 1Q 2025
With inflation continuing to improve, the downward path of central bank rates remains on track, if uneven geographically given U.S. economic strength. Now, amid political turbulence, attention is shifting toward fiscal issues— spending and tax policy—that could affect issuance patterns and yields, particularly at the longer end of the curve. We are constructive on fixed income for 2025, seeing potential in shorter durations and in optimizing carry amid narrow credit spreads. At the same time, the unpredictability of political cycles could make for an eventful year that requires vigilance in guarding against risk.
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White papers
Volatility, velocity and vigilantes
Volatility is how markets express uncertainty, and 2024 offered its share of ups and downs.
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White papers
5 keys to investing in 2025
As we enter 2025, market optimism is high amid a strong US economy, interest rate cuts and advances in artificial intelligence. The landscape continues to evolve, presenting challenges and opportunities for investors.
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White papers
2025 investment landscape: Q&A with our CIOs
The December CPI print delivered a much-needed downside surprise, relieving some of the market anxiety that the U.S. economy is at the beginning of a second inflation wave. Annual headline inflation picked up to 2.9%, but, more importantly, annual core CPI dipped to 3.2%, with the pace of monthly core inflation slowing for the first time since May last year. For the Fed, today’s print is certainly not enough to prompt a January cut. But, it does keep hopes alive that the Fed’s cutting cycle still has some room to run.
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White papers
Why invest in trade finance?
The demand for trade finance continues to increase, despite a global shortage of financing to facilitate the deals. As we outline in this paper, this shortfall has created an array of potentially high-yielding investment opportunities for providers with the right resources, analytical teams and banking connections.
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White papers
December CPI: Keeping rate cut hopes alive
The December CPI print delivered a much-needed downside surprise, relieving some of the market anxiety that the U.S. economy is at the beginning of a second inflation wave. Annual headline inflation picked up to 2.9%, but, more importantly, annual core CPI dipped to 3.2%, with the pace of monthly core inflation slowing for the first time since May last year. For the Fed, today’s print is certainly not enough to prompt a January cut. But, it does keep hopes alive that the Fed’s cutting cycle still has some room to run.
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White papers
LDI 2025: A roadmap for European asset owners
The evolving market dynamics of 2025 are set to redefine the landscape for insurance portfolios, with diverging monetary policies, rising geopolitical risks, and the increasing importance of energy transition risk at the forefront. In this outlook, Generali Asset Management’s LDI investment team explores strategic approaches to address these challenges, from optimizing duration and spread management under Solvency II to leveraging private assets for enhanced yields and stability.
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White papers
Retiree Liability Immunization: An LDI Case Study
Our case study focuses on the rationale, decision factors, and portfolio construction and management when immunizing a portion of a defined benefit pension plan’s liabilities.
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White papers
Equity Outlook - Defying gravity
The US economy enters 2025 in a strong position, with above-trend growth, but also above-target inflation. This combination, while positive for equities, is not sustainable. The question then is how quickly and in what manner growth and inflation revert to trend.
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White papers
Building value in a ‘brave new world’
Financial markets are adjusting to a new era defined by macroeconomic volatility and elevated uncertainty. We call it the ‘brave new world’. In this new regime, investors can no longer solely rely on high levels of real growth or low interest rates to drive returns. For private markets, this shift emphasizes the importance of value creation through asset transformation and identifying investment themes supported by long-term secular trends. In this paper, we examine the factors influencing our perspective on the evolving macroeconomic landscape and individual asset classes, which inform our relative value investment strategy in this ‘brave new world’.
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White papers
2024 timberland investment performance set to meet or exceed 2023
Last year’s U.S. private timberland investments look likely to overtake their previous year’s performance. As we await full-year reporting inclusive of annual valuations through appraisals or market transactions, this performance could offer an indication of what to expect for 2025.
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White papers
Investor demand for biodiversity strategies steps up a gear
Biodiversity is increasingly becoming a key theme for investors, alongside wider climate and net zero considerations. The interaction between climate change and biodiversity – known as the climate/biodiversity nexus – is becoming a prominent topic of discussion, while continued growth in the number of dedicated biodiversity-related strategies in the market is also driving interest.
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White papers
The ‘why and how’ of integrating biodiversity into fixed income strategies
One of the fundamental features of biodiversity is that it reaches into every part of our lives – and that means the impacts of biodiversity loss are also felt across investment strategies. Looking specifically at fixed income, we see important reasons why investors should integrate biodiversity into their decision making.
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White papers
The ‘why and how’ of integrating biodiversity into listed equity strategies
Stemming the pace of biodiversity loss has rapidly become a critical point on the global agenda – it is a key challenge both in terms of environmental and social risks.
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White papers
How can investors assess and measure a company’s impact on biodiversity?
Biodiversity loss is an existential threat to both people and the planet. However, we believe listed assets investment strategies can help deliver significant positive impacts and help stem the deterioration of the world’s fragile ecosystems.
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White papers
Why should investors care about biodiversity?
Biodiversity is the variability of all living organisms from all sources, spanning all ecosystems across land and sea. It encompasses the characteristics of living systems and includes everything from the diversity within a species to the diversity between species, and of the ecosystems in which they live.