New Business Boom and Bust

New Business Boom and Bust

🕔16:50, 30.Jun 2022

An engineer confronted with a problem in a novel environment would be tempted to fashion a specific solution. But studies of the pattern of synaptic connections of children, as well as the emergence of industries, show that the overproduction of

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False Narratives Will Cost You Money |

False Narratives Will Cost You Money |

🕔14:34, 30.Jun 2022

You know that recession narratives abound when Cardi B is tweeting “When y’all think they going to announce that we going into a recession?”1 Even more pronounced is the “stagflation” hysteria. Major investment banks are publishing stagflation primers… an institutional

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ESG journey is set to accelerate in credit markets

ESG journey is set to accelerate in credit markets

🕔12:59, 30.Jun 2022

Last year global sustainable debt issuance hit a record of over $1.4tn, with the overall sustainable debt universe expanding to near $3.4tn. In the first quarter of 2022 this healthy trend halted temporarily, as high energy prices and rising borrowing

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Investment Outlook

Investment Outlook

🕔10:48, 30.Jun 2022

Our central scenario is that we avoid a severe global downturn thanks in large part to fiscal support, and a more gradual pace of tightening by the central banks in the second half of the year. With major markets having

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How we think about inflation

How we think about inflation

🕔08:05, 30.Jun 2022

Investment managers at Baillie Gifford have been thinking a lot about inflation and how it affects portfolio returns in recent months. Usually, such macroeconomic questions matter less to us than the strengths of individual companies and their potential for extraordinary

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Active Versus Passive in Global Funds

Active Versus Passive in Global Funds

🕔15:39, 29.Jun 2022

Growing uncertainty in markets has rekindled the age-old “active vs. passive” debate. In 2017, PIMCO published results of an exhaustive study that showed active U.S. bond mutual funds had largely outperformed their median passive peers over many years, whereas active

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Evolution of Atlanta Fed GDPNow real GDP estimate for 2022: Q2

Evolution of Atlanta Fed GDPNow real GDP estimate for 2022: Q2

🕔14:18, 29.Jun 2022

GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to

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An Investor’s Guide to Crypto

An Investor’s Guide to Crypto

🕔13:43, 29.Jun 2022

In 2018, it was relatively easy for asset managers to ignore the cryptocurrency space. Bitcoin had crashed, losing over 80% of its value, and the new ecosystem was littered with failed initial coin offerings. It all looked like a fad.

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2022 Report: Global citizenship and sustainability

2022 Report: Global citizenship and sustainability

🕔10:33, 29.Jun 2022

World events continue to remind us how connected we all are. We are emerging from a global pandemic, supporting victims of war and tragic violence, confronting social and economic inequities, and addressing climate change. These events underscore the importance of

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Maintaining a cautious tilt

Maintaining a cautious tilt

🕔14:40, 28.Jun 2022

Thanks to a month-end rally, global equities ultimately posted relatively flat returns for the month of May. It was a volatile month for global bonds, too. Yields initially spiked higher, with the 10-year US Treasury yield peaking at 3.2%, while

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Starting to Price an Economic Slowdown

Starting to Price an Economic Slowdown

🕔12:28, 28.Jun 2022

May provided a reprieve for investors as a late-month rally in both equities and bonds recouped much of the losses seen early in the month. Economic surprises in the US began to miss consensus expectations in May with a sharp

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Food innovation: Investing to feed our future

Food innovation: Investing to feed our future

🕔10:03, 28.Jun 2022

At the recent COP267 conference, members of the Glasgow Financial Alliance for Net Zero (GFANZ), of which Franklin Templeton is a member, signed a commitment to deploy over US$100 trillion in financing over the next three decades to move the

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Emerging Market Green Bonds Report 2021

Emerging Market Green Bonds Report 2021

🕔08:53, 28.Jun 2022

Riding the Green Wave: Green and sustainable investment in emerging markets and developing economies (EMDEs) rebounded from pandemicrelated challenges to reach record levels in 2021. This report provides an overview of developments in the market for green bonds issued in

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The call for naturebased solutions

The call for naturebased solutions

🕔15:29, 27.Jun 2022

Agriculture’s growing contribution to the net zero cause In the chilly waters off the coast of Tasmania grows a plant that might prove to be the tipping point in the fight against a particularly potent source of global warming: methane

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Cross Asset Investment Strategy

Cross Asset Investment Strategy

🕔14:55, 27.Jun 2022

United States: After the contraction in Q1 (resulting from an outsized detraction from net exports and a payback from the surge in inventories in Q4, not from weak demand) we expect sequential growth to pick up from Q2 and stabilise

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Secular Outlook June 2022

Secular Outlook June 2022

🕔10:48, 27.Jun 2022

Overview It gives me great pleasure to introduce our ninth Secular Outlook. T he next five years will be an uphill struggle for investors. High public and corporate debt levels, labour shortages, potential tax hikes and increased levels of state

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Q&A: impact of the Russia-Ukraine conflict on emerging market debt

Q&A: impact of the Russia-Ukraine conflict on emerging market debt

🕔09:08, 27.Jun 2022

In this Q&A, Kirstie Spence and Robert Burgess share their views on Russia, commodity prices and the impact of the conflict on emerging markets.  How does the Russia-Ukraine conflict compare to previous periods of geopolitical instability? Kirstie: The current situation

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Maatschappelijk verantwoord beleggen

Maatschappelijk verantwoord beleggen

🕔14:32, 24.Jun 2022

Pensioenakkoord uitgelegd – Deel 10 In de zomer van 2020 hebben het kabinet en sociale partners overeenstemming bereikt over een vergaande herziening van het pensioenstelsel. Dit pensioenakkoord heeft grote gevolgen voor hoe pensioen wordt opgebouwd en wordt belegd. In deze

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ESG Global Study 2022

ESG Global Study 2022

🕔13:44, 24.Jun 2022

ESG adoption is on the rise, fuelled by client demand and a desire to make an impact. As ESG momentum continues to gain steam, investors are refining and evolving their strategies. This can be seen in the implementation arena, where

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Obligatiebeleggers moeten inzicht hebben in de volatiliteitscyclus

Obligatiebeleggers moeten inzicht hebben in de volatiliteitscyclus

🕔10:24, 24.Jun 2022

De vastrentende markten zijn steeds volatieler geworden, een trend die zich waarschijnlijk zal voortzetten. Beleggers moeten zich aanpassen. De recente stijging van de obligatierendementen heeft beleggers in vastrentende waarden doen opschrikken. Eén benchmarkindex voor obligaties tekende, ten opzichte van de

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Trend-Following Research Series Part 2: Rising Rates and Trend-Following

Trend-Following Research Series Part 2: Rising Rates and Trend-Following

🕔16:34, 23.Jun 2022

All asset classes have benefited from 30 years of falling interest rates, as future cash flows have been discounted at steadily lower rates, boosting present values. Trend-Following strategies, which take long and short positions across equity, interest rate, commodity, currency,

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The myth of the fiscal free lunch: beware of the trap. An investor’s viewpoint

The myth of the fiscal free lunch: beware of the trap. An investor’s viewpoint

🕔14:25, 23.Jun 2022

The idea that there is a comfortable degree of budgetary room for more active fiscal policy goes hand-in-hand with the assumption that a sustained bond correction (higher safe real interest rate) is not only unjustified based on fundamentals, but is

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The power of narratives for investors

The power of narratives for investors

🕔12:53, 23.Jun 2022

The rise of the narrative concept and how it can help financial market understanding. A narrative is a popular story that arises from the public consciousness of market events. The most viral and intense of these may dominate public attention.

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Protecting Your Portfolio from Inflation After the Fact

Protecting Your Portfolio from Inflation After the Fact

🕔10:18, 23.Jun 2022

Soaring commodity prices have helped drive inflation to 8.5%, by far the highest level in the last few decades. With commodity prices up and inflation creating waves, is it too late for investors to capitalize on high commodity prices? Have

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An Investor’s Guide to Crypto

An Investor’s Guide to Crypto

🕔11:51, 22.Jun 2022

In 2018, it was relatively easy for asset managers to ignore the cryptocurrency space. Bitcoin had crashed, losing over 80% of its value, and the new ecosystem was littered with failed initial coin offerings. It all looked like a fad.

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Keeping up with climate change in setting long-term asset class views

Keeping up with climate change in setting long-term asset class views

🕔07:23, 22.Jun 2022

Today climate change is arguably the most critical long-term challenge that humanity is facing. “Climate action failure” is not only the top longterm threat in the World Economic Forum’s Global Risks Report for 2022, but is also a key element

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Central & Alternative Scenarios (12 To 18 Months Horizon)

Central & Alternative Scenarios (12 To 18 Months Horizon)

🕔16:30, 21.Jun 2022

We keep the probabilities of our central and alternative scenario unchanged versus last month but amend the narrative to take into account the evolving geopolitical situation (see Ukraine crisis tree).The new wave of Covid-19 in China and stagnation in the

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Global Asset Allocation 2022 Q3

Global Asset Allocation 2022 Q3

🕔14:38, 21.Jun 2022

Most assets have again delivered negative returns in both local currency and USD, with the notable exception of commodities (or more precisely energy and agricultural products). That was unfortunate for us, given that we were zero-weighted in commodities (having been

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Globalisation, Russia-Ukraine conflict and more – Capital Group

Globalisation, Russia-Ukraine conflict and more – Capital Group

🕔12:20, 21.Jun 2022

Capital Ideas WEBINARS Globalisation: the reports of its demise are greatly exaggerated COVID-19 disruptions showed that global supply lines aren’t perfectly efficient machines. And recent moves by China and Russia have reminded the world that approaches to politics and the

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High Yield: Harvesting Income

High Yield: Harvesting Income

🕔10:11, 21.Jun 2022

For most risk assets, total return is achieved predominantly via capital price return, but not in high yield. Over long-term periods, income tends to drive the bulk of the total return for high yield bonds. In fact, over 100% of

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Does a Bear Market Always Mean a Recession?

Does a Bear Market Always Mean a Recession?

🕔08:20, 21.Jun 2022

The S&P 500 Index fell into bear market territory on Friday 20 May – defined as a 20% from its recent high – the first time since March 2020, when markets sold off over fears around the Covid-19 pandemic.  But

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Growth Traps Snap Shut

Growth Traps Snap Shut

🕔15:34, 20.Jun 2022

What do Netflix, Peloton Interactive, Coinbase, and Palantir Technologies have in common? I admit it isn’t a particularly challenging question. As anyone who has been following the U.S. stock market in the last 10 months knows all too well, they

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Is a Yield Curve Inversion Bad for Stock Returns?

Is a Yield Curve Inversion Bad for Stock Returns?

🕔13:53, 20.Jun 2022

Many investors see yield curve inversions—when short-term bond yields exceed longterm yields—as foreboding. Do they signal a stock market downturn? Data from the US and other major economies show yield curve inversions have not historically predicted …

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So Far, So Good…

So Far, So Good…

🕔12:26, 20.Jun 2022

With inflation at multi-decade highs and growth already slowing, investors were rightfully sceptical about the Fed’s ability to aggressively tackle inflation without sending the economy into recession having waited too long. Now two hikes in and messaging front-loading future hikes

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Guide to Alternatives

Guide to Alternatives

🕔10:02, 20.Jun 2022

Alts in Agregate Real Estate Infrastructure Private Markets Hedge Funds

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Growing Trends in Private Markets Investments for Asset Owners (April 2022)

Growing Trends in Private Markets Investments for Asset Owners (April 2022)

🕔08:16, 20.Jun 2022

So, let's start. Clearly the global economy, in a constant state of flux, with the post effects of the pandemic, geopolitical tension, mounting inflation, rising interest rates, causing tremendous impact to listed markets. And as we speak to our clients

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4 investment opportunities for a net-zero future

4 investment opportunities for a net-zero future

🕔08:54, 17.Jun 2022

The buzz swirling around the electric vehicle (EV) sector has been front and centre for investors looking to profit from the world’s transition to a net-zero carbon economy. Tesla recently skyrocketed to a US$1 trillion market cap, joining an elite

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QEP: Seven key themes for 2022 and beyond

QEP: Seven key themes for 2022 and beyond

🕔16:32, 16.Jun 2022

Alongside the terrible human tragedy that has unfolded since Russia’s invasion of Ukraine, the war has also exaggerated many pre-existing trends. Some include the upward pressure on commodities and further disruptions to global supply gains at a time when inflationary

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All systems go

All systems go

🕔14:34, 16.Jun 2022

As bond ETFs turn 20 years old, we believe four trends will propel global AUM to USD 5 trillion by 2030 Twenty years ago, computerised stock trading was reshaping the unseen market plumbing that connects buyers with sellers. Pit-style trading

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Geopolitical rupture in Europe: long-term investment implications

Geopolitical rupture in Europe: long-term investment implications

🕔12:18, 16.Jun 2022

We need to remain humble and nimble as we assess the changing investment landscape and seek to fulfil our purpose: to create a better future through responsible investing. In addition to precipitating a devastating humanitarian crisis, Russia's invasion of Ukraine

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EMEA-Listed ETF Flash Flows

EMEA-Listed ETF Flash Flows

🕔10:12, 16.Jun 2022

ETFs posted net inflows of close to $2.0bn last week. Equity attracted the strongest flows, in excess of $3.0bn, taking the year-to-date amount over $51bn. • Fixed income and Commodity exposures suffered net outflows, compounding what has been a disappointing

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Economic and Strategy Viewpoint Q2 2022

Economic and Strategy Viewpoint Q2 2022

🕔08:25, 16.Jun 2022

The peak in global inflation is probably not far away, but there are several reasons to think that it will fall relatively slowly. Lockdowns in China have caused bottlenecks in global supply chains to re-emerge, upside risks to commodity prices

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The case for emerging market small-cap equities

The case for emerging market small-cap equities

🕔17:29, 15.Jun 2022

In today’s environment, small-capitalization stocks in emerging markets (EM) offer compelling reasons for consideration. We believe this universe has big potential, may deliver consistent returns, and can provide diversification in portfolios. The case for active management in this space is

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Monetair beleid en inflatie

Monetair beleid en inflatie

🕔13:41, 15.Jun 2022

Na een lange periode waarin inflatie (ruim) onder de doelstelling van de Europese Centrale Bank lag, zijn de prijzen in Nederland en in het eurogebied de afgelopen maanden omhooggeschoten. Dit is deels een gevolg van de heropening van de economie

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Regional spotlights Familly Offices

Regional spotlights Familly Offices

🕔10:50, 15.Jun 2022

This marks the third iteration of the Global Family Office Survey. UBS surveyed 221 of its clients globally between 19 January and 20 February 2022. Participants were invited using an online methodology and were distributed across more than 30 markets

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Tech sell-off and bond temptation

Tech sell-off and bond temptation

🕔15:32, 14.Jun 2022

CROSS ASSET Investment Strategy – June 2022: The repricing of a more aggressive Fed stance has been brutal as the 10Y UST yield temporarily reached the 3% threshold, falling close to 2.75% recently on economic growth concerns. We think investors

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Swiss Sustainable Investment Market Study 2022

Swiss Sustainable Investment Market Study 2022

🕔13:41, 14.Jun 2022

This is the fifth Swiss Sustainable Investment Market Study published by Swiss Sustainable Finance (SSF) in collaboration with the Center for Sustainable Finance and Private Wealth (CSP) at the University of Zurich. After the impressive increase in the amount of

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A time for dividends to shine

A time for dividends to shine

🕔10:09, 14.Jun 2022

The past decade has been an exceptionally profitable period to be invested in global equity markets, with the MSCI AC World Index averaging 10.6% per annum in the 10 years to 31 March 2022*. Solid GDP growth, low interest rates

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Boomkap als opvallende klimaatoplossing

Boomkap als opvallende klimaatoplossing

🕔08:52, 14.Jun 2022

Bomen slaan tijdens de groei veel CO2 op. Als hout een duurzame bestemming krijgt zoals bouwmateriaal, kan er met slim beheer van bosgrond meer broeikasgas worden opgeslagen dan wanneer de natuur haar gang gaat. Binnen een periode van dertig jaar

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Demystifying decumulation: A practical guide

Demystifying decumulation: A practical guide

🕔16:14, 13.Jun 2022

Among investors pursuing long-term objectives like retirement, there is an understandable tendency to focus on the accumulation of assets, and the process, while by no means easy, is fairly straightforward, with a limited number of variables to consider. But as

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