All White papers articles – Page 9
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White papers
What impact do sustainability criteria have on portfolio performance?
The effect on the performance of an investment portfolio of applying sustainability-based criteria to select stocks remains a topic of intense debate. Before assessing the impact, we note that environmental, social and governance criteria can be used to achieve different goals. Thus, outcomes vary depending on the sets of ESG criteria used for investment portfolios.
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White papers
Pension Funds Letter 21 - All together to talk “Adaptation in Motion”
Four years ago, the Covid-19 pandemic brought about an instant and permanent shift in the way many of us work. Virtual communication has replaced much of the face-to-face contact that we had previously been accustomed to. While the convenience and savings of web-conferencing means it’s a trend that’s here to stay, in-person interaction still retains many benefits.
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White papers
Signs of rotation emerge in equities
Slowing inflation in the US and Europe, and expectations of improving earnings could pave the way for a continuation of the broadening of the rally outside the US mega caps.
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White papers
Central banks—Will inflation stay, or will it go? Fixed Income Sector Views
Franklin Templeton Fixed Income believes an allocation to fixed income continues to make sense given the high yields and income provided by high-quality, short-maturity securities. Read more in the latest Sector Views.
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White papers
Paris-aligned investing: Active or passive?
The algorithmic nature of passive funds’ investment processes can create the risk of over-simplification and short-termism when tackling the long-term challenge of climate change. We think that an active approach is not only more effective, but essential for investors aiming to make real contributions towards achieving the goals of the Paris Agreement.
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White papers
Quarterly Equities and Multi Asset Outlook – Q3 2024
Many market participants have been caught by surprise by the strength of equities this year, and their outperformance versus fixed income markets. Valuations have risen globally. However, luckily for us, the tide did not lift all boats, leaving opportunities on the table. Where undemanding expectations have met with the power to innovate, this created some of the strongest outperformance. We think the ‘Hidden Gems of Innovation’ will continue to be among the best hunting grounds for alpha generation.
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White papers
A Preliminary Language for a Post-Global World
This book sets out what we see as the key issues facing asset owners in the macro environment, and shares the outlook for capital markets, strategic allocation and the future of the investment industry. It will also explore how the next ten years are likely to be very different from the 1980–2020 period.
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White papers
Fixed Income Perspectives Q3 2024
Quarterly macro and market insights from Capital Group’s fixed income team
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White papers
UK Real Estate: Talking points July 2024
Welcome to our quarterly snapshot of current real estate market trends, using transparent capital and occupational market data points to summarise key implications for asset allocation and performance prospects.
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White papers
Fixed Income Investment Outlook 3Q 2024
Widening Differences, New Opportunities After months of anticipation, a broader move to lower policy rates appears on its way. However, the varied pace of easing, along with dispersion in economic growth and strains on the credit front, may widen the gap between winners and losers across the fixed income spectrum. We believe this should enhance opportunities for active managers in navigating a new landscape.
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White papers
Evaluating risk and reward in an ever-changing world
Private markets have grown exponentially since the Global Financial Crisis, and the growth story is far from over. We explore the risks and rewards of this often complex world and why expertise is crucial in achieving tangible results.
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White papers
A new chapter: Time to prepare for the next phase of the real estate cycle
David Hedalen and Jonathan Bayfield from our real assets research team highlight data that shows real estate markets in the UK and Europe may be on the brink of an important shift.
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White papers
Real estate market rebasing: What does it mean for investors?
Kieran Farrelly reveals how to harness long-term real estate opportunities in today’s market conditions.
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White papers
Room to grow: Bidwells article on the role of real estate in the commercialization of R&D
The creation of any ready-to-use product from Research & Development (R&D) needs to consider the ‘five Ps’ of Good Manufacturing Process (GMP)
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White papers
Private Credit: Barbarians inside the syndicated loan gates
In the syndicated loan market—during times of borrower distress—documentation loopholes are allowing majority lenders to disproportionately benefit at the expense of minority holders. This practice, known colloquially as “lender-on-lender violence,” presents a significant challenge to the sector. The menace is growing by the day.
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White papers
Geopolitics in focus as NATO leaders meet
Invest globally, look for potential opportunities in emerging markets, and balance equities with government bonds to navigate uncertainty from US elections and geopolitical hotspots.
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White papers
Uncovering the Unobservable: Have Private Assets Outperformed Public Assets
CIOs struggle trying to compare the investment performance of liquid public assets vs. illiquid private assets, often a crucial first step in asset allocation decisions. For private assets, while it is known that reported returns are smoothed, many CIOs are unaware that reported performance also fails to incorporate many of the real-world constraints to achieve and maintain a private asset portfolio allocation.
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White papers
Private Credit Outlook: The Heat is On
Private market growth in recent years has been remarkable. We think there’s more to come.
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White papers
Relative Value & Tactical Asset Allocation Q3 2024
We are not expecting a U.S. recession in 2024. We are looking for credit spreads to remain rangebound in the near future, and we prefer high carry while considering downside risks. Consumers and housing fundamentals continued to be solid, while CLOs fundamentals weakened further. Commercial real estate fundamentals are stable, but performance divergences are wide. We are neutral for both corporate equity and cash investments.
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White papers
Beyond bricks: Innovation is driving the future of real estate
While market turbulence will likely continue in 2024, we believe select real estate opportunities will continue to present compelling investment opportunities. Real estate portfolios that allocate to alternative property types and are focused on large-scale trends could benefit from enhanced diversification and superior resiliency.