In "Inflatie update," schetst ASR de staat van inflatie in de Eurozone en suggereert dat deze mogelijk zijn piek heeft bereikt. Met behulp van een 'inflatie-dashboard' geeft de analyse aan dat de recente afkoeling van de inflatie voornamelijk wordt gedreven
The text articulates the vital role private equity can play in transforming a 'grey', high-carbon economy into a 'green' one, reflecting sustainable practices. The author highlights the necessity of long-term investments for sustainable growth and prosperity, despite existing pressures to
In the text, Alan Greenspan's opinion about gold's status as a primary global currency is highlighted. According to Greenspan, gold and silver stand out as they don't require a counterparty signature, which enhances their universality and independence from centralized institutions.
The theme of the text is the notable performance of cryptocurrencies, specifically Bitcoin, amidst a banking crisis. The U.S. banking system experienced significant issues, leading to the collapse of Silicon Valley Bank, among others. Meanwhile, cryptocurrencies like Bitcoin and Ethereum
The main theme of this text revolves around the anticipation of a potential recession, its implications for investors, and the heightened significance of focusing on fundamentals. The author discusses the list of concerns investors faced even before the Silicon Valley
PGIM Quantitative Solutions Q2 2023 Outlook The first section of the text provides an overview of the global economic landscape as of Q2 2023. The global economy started 2023 on a surprisingly positive note, with the US, Euro area, and
Adamant Research, in its tradition of identifying opportunities during periods of investor apathy, once again brings attention to Bitcoin, which is currently 60% below its 2021 peak. This report argues that the ongoing bear market presents an exceptional opportunity for
Q2 2023 Global Market Outlook Full Report The text highlights the current economic landscape, characterized by resilient growth, slowly receding inflation, and continued monetary tightening by central banks. This creates a favorable environment for government bonds and uncertainty for equity
The text delves into the complex landscape of ESG (Environmental, Social, and Governance) investing, highlighting new regulatory challenges and potential misrepresentation. The authors conducted a survey among 210 fund selectors, or gatekeepers, in Europe and Asia, revealing diverse views on
The main theme of the paper is the collapse of Silicon Valley Bank, which has caused widespread concern throughout the banking sector. While the bank's failure seems to be mainly due to its specialist business model and poor risk management,
The text focuses on exclusion lists, which help investors align their portfolios with their values, and the hidden tracking error they can cause. Recent broad energy exclusions due to climate concerns have introduced noticeable tracking error impacts, presenting challenges for
Callan recently made substantial adjustments to their 2023 Capital Markets Assumptions, prompted by the historic rise in bond yields that began in March 2022. The changes include an increase in cash returns from 1.2% to 2.75% and core fixed income
This text introduces Sellwood Consulting's 2023 Capital Market Assumptions, which provide forward-looking insights for constructing portfolios with a long-term horizon. The assumptions are based on principles like using different methods to estimate return and risk, incorporating current valuations, and focusing
The main theme of the text is the greening of the European Central Bank's (ECB) balance sheet as it integrates climate considerations into its monetary policy. Since October, the ECB has been redirecting corporate bond purchases towards issuers with better
In the "Angeles' Long-Term Capital Market Assumptions as of January 2023" report, Angeles Investment Advisors present their updated capital market assumptions, which are used for asset allocation modeling for clients with a long-term horizon of over ten years. Notable changes
2023 Q1 Capital Market Assumptions In this summary of the "2023 Q1 Capital Market Assumptions" research paper by PGIM Quantitative Solutions, we explore the main theme of global economic growth and inflation expectations over the next decade. The text explains
In the face of China's clean energy dominance, the US and EU are poised to expand their clean technology efforts. The US has implemented industrial policies with protectionist elements to incentivize global companies to manufacture clean energy products domestically, while
In this issue of The Street View, the main focus is on Asia's new economy and its wide range of opportunities for Actis. Investment projects span Lifescience facilities in India, renewable energy in Japan and Vietnam, and green buildings in
The 2023 Capital Markets Forecast by Syntrinsic Investment Committee provides an executive summary that reflects on the past year's events and how they have shaped the outlook for the coming years. The main theme revolves around higher interest rates, higher
In het rapport "Samenvatting ontwikkelingen Q1 2023" van NVM Business wordt de terugval in de opname van kantoor- en bedrijfsruimte benadrukt. De kantorenmarkt kampt met een vraaguitval, terwijl grootschalige opnames (logistiek) zijn weggevallen in de bedrijfsruimtemarkt. Aan de andere kant
2023 Asset Allocation In the report titled "2023 Asset Allocation Report: Examining Return Forecasts and Implications for Long-term Portfolio Strategies," the author highlights the key observations for various asset classes, such as stocks, rates, and private equity. The main theme
Expected returns for the next decade In this text, the primary theme revolves around the global economy, financial markets, and investment strategies. The discussion encompasses the calculation of return expectations for the coming five and ten years based on long-term
2023 LONG-TERM CAPITAL MARKETS OUTLOOK In the face of a challenging economic environment, Canadian pension plans experienced a surprisingly positive year in 2022. Long-term interest rates rose dramatically, reducing the present value of future pension liabilities more than the fall
The main theme of the text is the comparison of active and passive investment management strategies through the S&P Indices versus Active (SPIVA) Europe Scorecard. This report, initially published in 2014, evaluates the performance of actively managed funds domiciled across
The latest data on inflation has led to concerns about the economy, with some fearing that hot inflation and economic data could lead to an increased chance of recession, even if it takes longer than first expected. The Federal Reserve
Bank J. Safra Sarasin's investment committee cautions that despite robust economic conditions and strong labor and retail sales data, the risk of a US recession in the next 12 months remains high, forcing market participants to take a closer look
Global high yield strategies offer numerous benefits that investors should consider when investing in different regions. While regional economic growth and relative value are essential allocation factors, active global strategies can generate alpha and total return. In addition, structural nuances,
he Fisch Asset Management report for March 2023 highlights the "Anti-Goldilocks" environment, where financial markets are behaving as if they were in a "Goldilocks environment" with moderate economic growth, rapidly falling inflation, and an imminent easing of monetary policy. However,
In “Where we stand: Asset class views*” by Federated Hermes, the author provides a comprehensive analysis of various asset classes and their potential performance in the current market environment. The report discusses key factors such as the Federal Reserve’s rate
The Relevance of Gold as a Strategic Asset Gold has always been considered a valuable asset, especially during periods of economic uncertainty. Its unique properties make it a strategic long-term investment and a key element of a well-diversified portfolio. As
This article highlights the economic climate in the Gulf Cooperation Council (GCC) countries, which seems brighter than other parts of the world. With elevated energy prices, an increase in tourism, and the acceleration of economic diversification projects, Saudi Arabia’s banking
Restoring balance: The case for rebalancing portfolios In 2022, investors were surprised by the lack of diversification benefits in the standard 60/40 portfolio. Both stocks and bonds were affected by the historic inflation surprise and central bank tightening, leading to
The main theme of the text is investment strategy and the use of AI to assist in making investment decisions. The article discusses the two stages of the investment framework and how ChatGPT's views are used to determine asset allocation.
MARKET ENVIRONMENT A post-mortem of the investment environment in 2022 needs little discussion, other to conclude that the return of inflation triggered more ratehikes (over 300) across the world than we have seen since 1988 and with it severe losses
The IPCC report warns that the current pace and scale of climate action are inadequate to tackle climate change, leading to intensified adverse impacts from human-caused change, including extreme weather conditions. However, the report offers hope, stating that mainstreaming effective
In the present market scenario, middle market private equity sponsors are strategizing to withstand the market's turbulence and leverage the market dislocations. However, they are now experiencing heightened geopolitical tensions, uncertain public markets, and an unclear economic outlook. Private equity
Short Duration Fixed Income: Guy Haselmann, Head of Thought Leadership at MetLife Investment Management, recently sat down with Scott Pavlak, Head of Short Duration Fixed Income, to discuss interest rates and the investment landscape in short duration bonds.
Geopolitical situations over the past year have led to concerns around ESG – will it fade away from market consciousness or is it here to stay? In addition to the economic realities, there are four additional themes that will impact
The Climate Bonds Initiative recently released a report on Green Bond Pricing in the Primary Market, which analyzed 72 green bonds with a combined face value of USD 79 billion priced between July and December 2022. The report found that
The Federal Open Market Committee (FOMC) meeting held in March 2023 included projections of the most likely outcomes for real GDP growth, the unemployment rate, and inflation. Each participant's projections were based on their assessment of appropriate monetary policy and
Digital assets promise economic opportunities, but effective regulation and infrastructure are necessary for a healthy marketplace. OMFIF presents a report on the progress towards a digital asset ecosystem, examining different kinds of digital assets, infrastructure, legal frameworks, and regulatory policies.
DoubleLine Capital has released a research report titled "Unpacking the CAPE Index," which examines the Shiller Barclays CAPE U.S. Sector Total Return USD Index (CAPE Index). The index uses a variation of the cyclically adjusted price-to-earnings ratio (CAPE ratio) to
The post-Covid rally in global private equity came to a halt in 2022, with the Federal Reserve's move to raise interest rates being a key factor. The rate increases sparked concerns about persistent inflation and fueled speculation about recession, causing
Interest rate and inflation worries gain the upper hand as financial markets experience a breather after a strong start to the year. The reopening of the Chinese economy and easing inflation led to a relief rally, but higher-than-expected inflation data
According to Lael Brainard, the Vice Chair of the Board of Governors of the Federal Reserve System, recent experience with the pandemic and Russia's war against Ukraine has highlighted the challenges for monetary policy in responding to a series of
The year 2022 has been one of unpredictability and volatility for the global banking industry. The shocks to the system, including geopolitical instability and the lingering effects of the COVID-19 pandemic, have resulted in a poor outlook for global banking
Central Bank of Ireland Quarterly Bulletin reveals gradual recovery of Irish economy amidst easing inflationary pressures and uncertainty over future path of inflation and public finances. According to the Quarterly Bulletin released by the Central Bank of Ireland, the country's
An examination of smoothing and other perceived benefits of private equity that have commanded a premium fee despite more cost-efficient alternatives. In this piece, the author discusses the appeal of private equity (PE) to investors, highlighting characteristics such as high
This report discusses how the tightening of monetary policy and inflation have affected fixed-income markets and business models, leading to tighter financial conditions that are likely to continue. The report also explores potential areas of strain for investors, such as
The US loan market saw a disappointing year due to economic headwinds and negative credit rating migration, leading to lower M&A activity and slow new loan creation. While Q4 showed stability, with some increase in loan issuance, it favored stronger
