Bitcoin: A Framework for Institutional Investors Considering an Allocation

Bitcoin: A Framework for Institutional Investors Considering an Allocation

🕔15:11, 16.Oct 2021

New research from Fidelity explores bitcoin’s characteristics, potential benefits and risks, and other implementation considerations  KEY TAKEAWAYS We believe bitcoin is an aspiring asset class in a period of price discovery. Like gold, bitcoin is a high-powered, opportunistic hedging asset

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With growth and policy, which matters more: Level or change?

With growth and policy, which matters more: Level or change?

🕔14:18, 16.Oct 2021

Asset Allocation Fourth Quarter 2021 KEY POINTS The level of growth and the level of policy support remain supportive but have declined marginally, leaving us pro-risk still but less so. Within equities, we prefer Europe, where economic fundamentals are improving and

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Give us a good old villain to bring out the best in you

Give us a good old villain to bring out the best in you

🕔11:27, 16.Oct 2021

Investors’ Outlook October 2021 “Envelopes please… and the winner is… Wall Street.” This is the result of our recent allocation review that saw us overweight US stocks at the expense of European ones. The slight change doesn’t alter our overall

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Hout: duurzame én innovatieve belegging

Hout: duurzame én innovatieve belegging

🕔13:55, 15.Oct 2021

Zowel het momentum als de vooruitzichten op lange termijn zijn gunstig voor beleggingen in de brede waardeketen rond hout. Van de aanplanting van bossen tot de verwerking van hout tot enkele van de meest innovatieve materialen.  De Timber-strategie van Pictet

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4 things global financial cycles are telling us

4 things global financial cycles are telling us

🕔10:55, 15.Oct 2021

As much of the global economy climbs out of the pandemic-induced downturn, investors are scrutinising every new economic data point for clues to the outlook for growth and inflation. I think they should also take the 30,000-foot view afforded by

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Podcast: Good Momentum for Value and ESG investing

Podcast: Good Momentum for Value and ESG investing

🕔09:19, 15.Oct 2021

A compelling investment opportunity: Japanese equities offer attractively priced and more visible earnings growth for 2021 and beyond. Nevertheless, Japanese equities are currently trading at a discount to global equities. And Japan equity markets have outpaced major developed market equities both in 2020 and year-to-date in 2021 as the world seeks to transition to a post-pandemic recovery.

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How to harness the emerging market ‘triple premium’

How to harness the emerging market ‘triple premium’

🕔08:22, 15.Oct 2021

In this quickfire Q&A, Yoram Lustig, Head of Multi-Asset Solutions, EMEA, outlines the compelling reasons why investors should consider a strategic allocation to emerging market equities – as well as the benefits of employing active management in this increasingly diverse

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ESG-stimulans is keerzijde van China’s verbod op bitcoin

ESG-stimulans is keerzijde van China’s verbod op bitcoin

🕔08:00, 15.Oct 2021

Sinds mei 2021 treedt China strenger op tegen het verhandelen en mijnen van cryptocurrency’s. China treedt hard op tegen o.a. bitcoin in een poging om problemen als stroomtekorten, klimaatschokken, financiële ontwrichting en de sluipende erosie van zijn soevereiniteit op het

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US stocks pause after winning streak

US stocks pause after winning streak

🕔17:33, 14.Oct 2021

Market weekly: The S&P 500 Index ended a seven-month winning streak in September. In seeking an explanation, the first thing that comes to mind – and probably the most common or obvious answer that you hear for … Listen to

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Committing to zero carbon real estate

Committing to zero carbon real estate

🕔14:19, 14.Oct 2021

If the world is to avoid more destructive climate change over the coming decades, every industry must change how it operates and strive to reach net zero carbon by 2050, in line with the 2015 Paris Agreement. Given that buildings

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Credit differentiation will continue, and active selection remains key

Credit differentiation will continue, and active selection remains key

🕔12:13, 14.Oct 2021

Global investors are facing a serious conundrum. While core yields have sold off, they remain very low by historical standards. In addition, most spread assets offer spreads that are also at historically tight levels. The combination means … Access the

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Removing the crutches

Removing the crutches

🕔10:23, 14.Oct 2021

After a good start, September saw equity markets take a hit, particularly in emerging Asia. Alongside ongoing investor concerns about the pandemic and weakening global growth momentum, markets were rocked by news of debt payment problems at Chinese property developer

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Tesla’s governance is stuck in reverse

Tesla’s governance is stuck in reverse

🕔09:51, 14.Oct 2021

We have sold Tesla from our Global Sustainable Equity portfolios, having held the shares since early 2019. This sale follows a downgrade in our internal sustainability ranking.

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Inflation, no time to die

Inflation, no time to die

🕔21:08, 13.Oct 2021

IN SHORT Inflation concerns have picked up again as price pressures mount. Talks regarding tapering continue to intensify. Yields have surged globally following the more hawkish tone of central banks and questions regarding the transitory nature of inflation. Equity markets

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Collaborating to boost engagement impact

Collaborating to boost engagement impact

🕔12:50, 13.Oct 2021

Active Ownership Report 2020: Welcome to our second annual Active Ownership Report, in which we report on our activities globally for the first time. The objective of this report is to inform our clients and other stakeholders of our stewardship

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Twin shocks roil Asian asset markets

Twin shocks roil Asian asset markets

🕔10:14, 13.Oct 2021

Weekly investment update: The recent spikes in energy prices and US Treasury bond yields have strained emerging Asia’s asset prices and currencies. Rising commodity prices are worsening Asia’s balance of payments dynamics, putting the currencies of large oil-importing countries under

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Adapting equity portfolios to a regime of  higher higher inflation

Adapting equity portfolios to a regime of higher higher inflation

🕔08:49, 13.Oct 2021

The return of inflation is clearly one of the top themes of 2021 and the post-pandemic economic revival. In addition to the temporary effects associated with supply chain bottlenecks (semiconductors, energy, copper, etc.) during a sudden upturn, there is the

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Q4 2021 Hedge Fund Outlook

Q4 2021 Hedge Fund Outlook

🕔08:22, 13.Oct 2021

A gradual transition toward a more 'normal' mid-cycle… We think global growth has peaked but will remain above average, boosted by broadening consumption and surging capex. A return to more 'normal' has already started but will likely take more time

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The wall of worry only gets higher

The wall of worry only gets higher

🕔07:54, 13.Oct 2021

Multi Asset Quarterly: Economic outlook The economic normalization continues, although at an uneven pace following the long Covid-related shutdowns. Further severe lockdowns look unlikely in most Western countries. Supply chain bottlenecks are blurring the near-term macro visibility. Inflation numbers have risen

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Return to Normal Index: Updated base case and downside scenarios

Return to Normal Index: Updated base case and downside scenarios

🕔07:09, 13.Oct 2021

Our base case scenario for a return to normal is now Q4 2021, with a downside scenario in Q1 2022.  At the beginning of the year, we created a Return to Normal Index to measure human activity data relative to

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China’s economy risks a sharp slowdown in growth

China’s economy risks a sharp slowdown in growth

🕔18:02, 12.Oct 2021

Investors in China should prepare for a rough patch. The economy is slowing, and regulations are tightening in several industries. The economic cycle turned in June/July, based on the official Purchasing Managers Index readings and other indicators that we track.

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De overbruggingsperiode

De overbruggingsperiode

🕔16:57, 12.Oct 2021

Pensioenakkoord uitgelegd – Deel 7: Dit zevende artikel gaat in op de overbruggingsperiode tot het nieuwe pensioenstelsel. Is het verstandig om alvast voor te sorteren op een nieuwe regeling, of moeten risico’s worden verlaagd om de transitie makkelijker te maken?

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AXA Future Risks Report 2021

AXA Future Risks Report 2021

🕔15:23, 12.Oct 2021

Climate change is back at the top of the risk ranking We must be willing to act now to prevent irreversible damage, in spite of the unknown variables and risks. Among experts, climate change has returned to the top spot

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Global market perspective – Q4 2021

Global market perspective – Q4 2021

🕔13:59, 12.Oct 2021

The re-opening of the world economy continues and economic activity has picked up substantially. However, the strength of the rebound in demand has caught firms by surprise and supply chains are stretched with the consequence that inflation has picked up.

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Solving the puzzle: ESG assessment in sovereign bond portfolios

Solving the puzzle: ESG assessment in sovereign bond portfolios

🕔12:45, 12.Oct 2021

Sovereigns are difficult to assess, given their complex social, economic, political, and geographic makeup. Environmental, Social and Governance (ESG) analysis of sovereigns is thus inherently complicated since it builds on an already-challenging typical sovereign assessment. In part, this is due

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ESG in infrastructure

ESG in infrastructure

🕔10:45, 12.Oct 2021

The options for institutional investors to gain exposure to ESG have never been greater. The public markets, for example, have seen net new money into sustainable investment funds increase from USD 17.5 billion in the first …

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ESG boost is flipside to China’s ban on bitcoin

ESG boost is flipside to China’s ban on bitcoin

🕔08:22, 12.Oct 2021

China is cracking down on bitcoin in a bid to overcome problems such as power shortages, climate control, financial disruption and the creeping erosion of its monetary policy sovereignty. At the same time, Beijing is embracing distributed ledger technology (DLT)

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Mounting risks, buying time

Mounting risks, buying time

🕔17:10, 11.Oct 2021

CIO Views Markets responded to mixed data from the US and China and to the potential tapering from central banks. We are also seeing inflation (energy and food) and a deceleration in China. As a result, while staying neutral on

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Pricing mitigation efforts and assessing the difficulties of comparison

Pricing mitigation efforts and assessing the difficulties of comparison

🕔15:59, 11.Oct 2021

The cost of climate change: Action versus inaction  Key points The present global consensus to reduce greenhouse gas emissions to net zero will require immense investment Investment spending is not a cost but will boost activity. Costs will reflect increased

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Barometer: Geen goede tijd om te kopen?

Barometer: Geen goede tijd om te kopen?

🕔15:31, 11.Oct 2021

Nu het sterke economische herstel van China na de pandemie in gevaar komt door het debacle van Evergrande, moeten beleggers hun verdediging versterken. Er wordt steeds meer een strakker monetair beleid verwacht. De centrale banken blijven voorbereidingen treffen om de

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A transitory change in correlation

A transitory change in correlation

🕔14:30, 11.Oct 2021

Uncommon truths: Rising bond yields have recently been associated with falling equity prices (reversing the trend of this century). We think this is a temporary reversal and do not fear higher yields, unless caused by costpush inflation (we would then

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We don’t need a panic room

We don’t need a panic room

🕔11:32, 11.Oct 2021

Weekly investment update: Equity markets have remained choppy in the face of rising uncertainty: there are worries over Chinese and global growth, bond yields are rising and the monetary policies of the main central banks appear to be shifting. Yet

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Innovations in Sustainability  Are Reshaping the Future of Plastic

Innovations in Sustainability Are Reshaping the Future of Plastic

🕔08:51, 11.Oct 2021

Balancing health and environmental concerns with the material’s utility. Over just a few short decades, plastic in its many forms has become a ubiquitous material in modern life. But its many uses and economic and practical benefits have not come

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Uncovering sustainable opportunities in sovereigns

Uncovering sustainable opportunities in sovereigns

🕔08:40, 11.Oct 2021

Aligned with the United Nations Sustainable Development Goals (SGDs), we believe it is important to strike a balance between developed markets and investment grade emerging markets. We favor sovereign bonds with a global sustainable approach. We believe there are opportunities

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Why Are Gas Prices So High?

Why Are Gas Prices So High?

🕔09:50, 9.Oct 2021

In October 2019, the OIES published a Comment entitled ‘$2 gas in Europe’, 1 which turned into a series of papers with similar titles. 2, 3 The first paper suggested that 2020 could see gas prices in Europe below $3

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Four Keys to Tackling the Green Bond Boom

Four Keys to Tackling the Green Bond Boom

🕔14:35, 8.Oct 2021

Increased issuance means more buy‑side diligence is needed. The extraordinary growth of debt issuance with an environmental, social, and governance (ESG) focus over the last few years has brought responsible investing to the forefront of fixed income management, with the increase

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A farewell to negative yields?

A farewell to negative yields?

🕔11:30, 8.Oct 2021

In Credit: US bond yields have stabilsed this quarter after the material sell-off in the first quarter. It has been a different story for yields in Europe, however, which have trended higher. This reflects a heavy supply schedule and speculation

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Podcast: Positive Impact Equity | Performance & positioning

Podcast: Positive Impact Equity | Performance & positioning

🕔09:45, 8.Oct 2021

During 2020 the market went through a number of distinct phases from, 1) ignorance of the impending COVID-19 effects (January, February) to, 2) panic (end of February to mid-April) to, 3) the “world will need to change” as a broad

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Big oil faces big challenges on climate change

Big oil faces big challenges on climate change

🕔09:05, 8.Oct 2021

After surviving a steep collapse in oil prices in 2020, major oil companies are being pressed by louder calls to figure out their contributions to societal goals of net zero emissions by 2050. In recent months, activist shareholders led by

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How to finance climate change resilience

How to finance climate change resilience

🕔08:55, 8.Oct 2021

Be it the catastrophic flooding in Germany and Belgium, the wildfires in southern Europe, the US and Australia, the ‘heat dome’ in North America or the water cascading into New York subway tunnels, there has been no shortage of recent

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Regulatory Actions in China: Short-Term Pain, Long-Term Gain

Regulatory Actions in China: Short-Term Pain, Long-Term Gain

🕔16:20, 7.Oct 2021

China’s regulatory actions, driven by Beijing’s financial, security, and social objectives, have injected volatility into the credit market over the past year. Key themes such as the mantra of housing for living in, not speculation; reducing the education cost burden

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Actuele dekkingsgraad stabiel in september

Actuele dekkingsgraad stabiel in september

🕔15:23, 7.Oct 2021

In deze dekkingsgraadscan vindt u meer informatie over de dekkingsgraad van een gemiddeld Nederlands pensioenfonds. We geven een overzicht van de ontwikkeling van de feitelijke en (12-maands) voortschrijdend gemiddelde dekkingsgraad in het afgelopen jaar. Daarnaast maken we …

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Could the digital renminbi change banking and e-commerce in China?

Could the digital renminbi change banking and e-commerce in China?

🕔11:57, 7.Oct 2021

The digital renminbi is unlikely challenge the US dollar’s global dominance any time soon because of the Chinese currency’s structural limitations. However, it may prompt changes in China’s technology and financial sectors that could indirectly enhance the international competitiveness of

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Assessing the added value of thematic investments

Assessing the added value of thematic investments

🕔11:04, 7.Oct 2021

Thematic investing brings a new dimension to the usual asset class categories, resulting in fresh opportunities for investors to diversify portfolio risk and mitigate the impact of correlations between asset classes, sectors, regions and styles. Investing in themes is different

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Responsible Investment Report 2020

Responsible Investment Report 2020

🕔09:15, 7.Oct 2021

2020 could have been a pause for the growth of the RI industry. Instead, we saw an explosion in interest partly fueled by the resilience of sustainable portfolios to the economic shock we lived through. The effects of the global

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Esg Investing In Real Estate

Esg Investing In Real Estate

🕔15:43, 6.Oct 2021

Building a sustainable portfolio.The property industry is the largest emitter of CO2. By making buildings more sustainable, we can help the environment and boost returns. Investors are waking up to the fact that sustainable investing isn’t just good for the planet

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Japan corporate governance: More reforms are on the way

Japan corporate governance: More reforms are on the way

🕔14:08, 6.Oct 2021

Japan’s multi-year effort to improve corporate governance standards continues to be gaining momentum after the latest revisions to its Corporate Governance Code came into effect in June 2021. In this Q&A, Capital Group equity investment analyst Harry Gunji explains why

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A Contemporary Evaluation of Key Alternative Investments: CTAs, Risk Premia and Hedge Funds

A Contemporary Evaluation of Key Alternative Investments: CTAs, Risk Premia and Hedge Funds

🕔09:46, 6.Oct 2021

The primary focus of this analysis is a contemporary evaluation of alternative investments represented by CTAs, Risk Premia, and Hedge Funds. We use Risk Premia as a proxy for passive/semi-passive investments in alternative strategies and contrast that with the active

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Macroeconomic Scenarios and Expected Returns 2022-2025

Macroeconomic Scenarios and Expected Returns 2022-2025

🕔16:01, 5.Oct 2021

Long-term Outlook: Beyond Borders The global economy continues to recover strongly from the worst of the Covid-19-driven lockdowns. Central banks are now either discussing the potential to reduce the level of support they provide to economies. While governments are starting

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Can investors help bridge the US digital divide?

Can investors help bridge the US digital divide?

🕔14:39, 5.Oct 2021

Fast and affordable internet service has become a critical component to working, studying, accessing health care and participating in the political process – both in the US and across the globe. In 2016, the United Nations went so far as

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