We believe that investors have a role to play in advancing human rights in supply chains. At Candriam it is our conviction that companies which embrace sustainabilityrelated opportunities and challenges in combination with financial opportunities and challenges are the most
The original text, "Winter looms…", delves into the challenges central banks in developed countries face in targeting inflation without initiating a recession. The spotlight is also on China's struggle against deflationary pressures amidst real estate issues and stunted household demand.
This white paper explores the performance of several balanced portfolio allocations in various economic environments and provides insights into the impact of asset allocation on portfolio performance. In the first part of the article, we analyze the performance of two
In "The landing seems to be a success… but the good news is widely anticipated", Candriam assesses the forthcoming economic landscape. A recession is deemed avoidable across both sides of the Atlantic, though growth is anticipated to be sluggish. Central
In het rapport getiteld "Groene innovaties: Biobrandstoffen" belicht Candriam de urgente behoefte aan energieonafhankelijkheid, een kwestie die door de Russische invasie in Oekraïne is benadrukt. De afhankelijkheid van Europa van Russisch gas en olie is duidelijk geworden, vooral gezien het
In the wake of the recent Russian invasion of Ukraine, the necessity for energy independence has been underscored. With more than 40% of global oil production being supplied by 'OPEC+' nations and 60% of the European Union's oil demand consumed
In the essay "SFDR Part 5: Principal Adverse Impacts", the author elucidates the role of the Sustainable Finance Disclosure Regulation (SFDR) in ensuring transparency and standardization in sustainable investing. Over the years, investor interest in sustainable investment strategies has grown,
As the economic growth outlook brightens, investors are turning their attention to uncertainties in US and European financials, financial vulnerabilities, and persistent inflation. Central banks face a complex task in maintaining both financial stability and price stability. In response to
The banking industry's landscape varies dramatically on either side of the Atlantic. Europe is focused on regulatory issues, particularly around climate risks and disclosure, with new regulations set to take effect in December 2023. These rules will require banks to
The metaverse is poised to become an essential aspect of people's lives, encompassing various sectors such as gaming, retail, science, construction, healthcare, and education. This digital representation of reality enables users to connect with others instantaneously and participate in immersive
In this research summary, the author discusses the rising importance of biodiversity in investment decisions. As the fight against climate change gains momentum, investors and regulators are increasingly considering environmental sustainability in their portfolios. Biodiversity, a complex and multifaceted concept,
The better outlook on the growth/inflation mix for the year ahead has quickly been incorporated by risky assets, from equities to high yield via credit markets. As the extreme investor pessimism of last October is now in the distant past,
European equity markets made a very strong start to the year, supported by easing inflation figures, both in the US and Europe, the surprisingly quick end to the zero-Covid policy in China and the relatively mild winter that has defused
Part 4: Taxonomy What is the EU environmental taxonomy? The European Union’s environmental taxonomy is a classification system that translates the EU’s climate and environmental objectives into criteria for economic activities to be considered “environmentally sustainable” or “green”. For an
Our sustainable strategies have often been in a minority with their clear stance against investing in the sovereign debt of autocracies. Having rationalised the annexation of Crimea, many academics, politicians, and investors believed that as long as business is flowing,
As a category, CTAs1 offer an investment which is uncorrelated with the major investment asset classes. Some of this ability to ride through volatile markets results from their so-called ‘convexity’ to changes in underlying asset prices. This valuable convexity has
Our sustainable strategies have often been in a minority with their clear stance against investing in the sovereign debt of autocracies. Having rationalised the annexation of Crimea, many academics, politicians, and investors believed that as long as business is flowing,
De biodiversiteit van onze planeet – de verscheidenheid aan dier- en plantensoorten – stort in. Ze neemt af in een tempo dat tientallen tot honderden malen hoger ligt dan het gemiddelde in de afgelopen 10 miljoen jaar. Het tempo neemt
Completing the circle of life Source To invest in the transition to a circular economy requires an investment-oriented framework. Broad frameworks, such as the EU Taxonomy, are available and their definitions are becoming more precise, but they are not sufficient
Capital Goods Companies, the Enablers of the LowCarbon Industrial Revolution As an ever-increasing number of nations announce ambitious climate objectives, the global economy is embracing net zero carbon as a common direction. For example, the European Union targets a 55%
Part 1 – Five Things to Know about SFDR in June 2022 Breaking Waves In March 2021, a regulatory wave hit the shores of the European Union, SFDR Level 1. It was the first in a series of rules and
After several decades of riding a government bonds bull market, investors are now looking for alternative drivers of return. Commodity Trading Advisor (CTA) strategies, with their ability to make gains in rising, as well as falling markets, have historically been
Executive Summary We demonstrate the building blocks for investors who may either be considering allocating to illiquid assets for the first time, or who want to gain a greater understanding of how much capital they should invest in illiquid assets.
A slowdown in global growth coupled with uncomfortably high inflation The war in Ukraine has added new uncertainties for investors. The most immediate economic impact is an upward revision in inflation forecasts for this year to 5.0% and a downward
One year after the discovery of anti-Covid vaccines, financial markets will soon have left (or slowly leaving) the pandemic behind. The economy has not. This is demonstrated by the numerous disruptions among supply chains, on labour markets or on commodity
How CTAs work and what they can do in the age of low interest rates Commodity Trading Advisor (CTA) strategies are an investment success story. They have attracted large inflows of assets, drawn in by their ability to generate returns
Evolving nature of thematic investing One could argue that thematic investing started off with sector investing, where an investor could make a bet on a particular industry they thought was poised for growth (for example, information technology in the late
What kind of an asset is it? Its origins: how did decentralised finance give birth to blockchain database? How a number of ESG concerns are related to the way different cryptocurrencies have been structured and programmed to function? What's next
As responsible investors, Candriam engages along the full food value chain, especially food retailers. We support better product safety practices for food. If a pesticide is banned in one country but permitted in another, that chemical can still enter the
The first half of 2021 has been positive for risky assets, supported by the successful vaccine roll out and the reopening of major economies. While the COVID pandemic should remain a health issue for the world population during the coming
Facial Recogntion and Human Rights: Investor Guidance Technology has brought the world some wonderful benefits – and some wonderful investments. Technology has allowed many professional workers to continue their jobs from their homes during the current pandemic. President Biden conducted
Technology has brought the world some wonderful benefits – and some wonderful investments. Technology has allowed many professional workers to continue their jobs from their homes during the current pandemic. President Biden conducted a significant portion of his election campaign from his basement. Yet we must be aware in any new technology that unintended consequences can arise.
Het verschil tussen de financiële markten en de reële economie leek nog nooit zo groot als in 2020. Men hoopt weliswaar dat de tweede golf van COVID-19 in Europa, het zwaarst getroffen continent, zal verzwakken, maar de epidemie blijft zich
“A community already exists within finance which is committed to adding value for investors, while collectively changing the world. Both we and the next generation deserve nothing less.” – Vincent Hamelink, Chief Investment Officer We believe that the inflection point
In this paper, we look at hydrogen technologies from the environmental standpoint, as well as key factors supporting its future development, such as investment, current projects and government support.
– Summary – Once upon a time, in the 1970s, the tiny Pacific island of Nauru had the highest income per head in the world after Saudi Arabia. The money has come from phosphate mining by Britain, Australia and New
Can you quickly explain to us what the circular economy is? The circular economy is defined in opposition to the classical linear economy. The latter is based on the three-phase extractfabricate-dispose notion, which draws on …
In the 1970s, the tiny Pacific island of Nauru had the highest income per head in the world after Saudi Arabia. The money has come from intensive mining of its ample phosphate reserves, built up over countless years by the
An Impact Investment is “made with the intention to generate positive, measurable social and environmental impact alongside a financial return”. So says the Global Impact Investing Network1. Across Candriam, for all investments, we hold the conviction that those companies which
– De coronapandemie heeft de Amerikaanse economie met 32,9% doen krimpen kwartaal-op-kwartaal (op jaarbasis). – Het Amerikaanse Congres is het nog niet eens geraakt over steunmaatregelen voor het coronavirus, ter …
Is de gezondheidscrisis die we op dit moment doormaken een ‘zwarte, grijze of witte zwaan’ voor de financiële markten? De kleur die we aan deze gebeurtenis toekennen, is afhankelijk van de voorspelbaarheid ervan. Nassim Taleb, die aan de oorsprong ligt
De voorbije week in een notendop De Amerikaanse economie creëerde in juni 4,8 miljoen banen, terwijl de werkloosheidsgraad er daalde tot11,1 %. Daarna begon het coronavirus zich sneller te verspreiden in de VS, waardoor de verdere heropening van de …
European power generation companies are critical actors in a Just Transition to renewable energy. At Candriam, as ESG analysts we have surveyed and evaluated the extent to which these companies are integrating the social consequences into their planning and decisions.
A guide to sustainable investing In recent years, investors have become increasingly interested in strategies that incorporate non-financial factors in the investing process. A 2018 report from the Forum for Sustainable and Responsible Investment (US SIF) stated that U.S. assets
Europese aandelen: moeilijke maand De Europese aandelen beleefden een moeilijke maand. Hoewel ze sterk begonnen en de zorgen over het coronavirus van zich af schudden, zorgde het stijgende aantal gevallen buiten China voor een forse koersdaling eind februari. Door de
De voorbije week in een notendop De Amerikaanse economie creëerde 237.000 nieuwe jobs en deed het dus beter dan de verwachte +175.000. De cijfers betreen evenwel een periode waarin nog geen geval van het coronavirus in de VS was gemeld.
Upcoming data on the spreading of epidemic and on recent economic developments indicate that Covid-19 will deal a blow to global growth, but we believe that the shock will be temporary. What’s new? As we wrote a couple of days
De voorlopende indicatoren blijven op koers, maar de nieuwsberichten wegen mogelijk op de stemming onder beleggers. Tot de gemengde berichten behoren een sterke Amerikaanse aandelenmarkt maar dalende olieprijzen en rentes. Als vermogensbeheerders moeten we het hoofd koel houden. Om door
De voorbije week in een notendop: Bernie Sanders en Pete Buttigieg staan aan de leiding na de caucus van Iowa en de voorverkiezingen in NewHampshire. Michael Bloomberg nam niet deel. Met een bbp-groei van slechts 0,1 % in het vierde
2020 is begonnen met de ondertekening van een gedeeltelijk handelsakkoord door de VS en China. Wat een verschil in een jaar tijd! De handelsoorlog die heel 2019 heeft gewoed, de aandelen uit de groeilanden naar beneden heeft getrokken en de
