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Posts From UBP

Beginning The Next Phase Of The 2022 Bear Market

Beginning The Next Phase Of The 2022 Bear Market

🕔16:28, 27.Sep 2022

Following the summer rally, risk assets once again overprice soft-landing prospects requiring a cautious stance on the part of investors going into year-end. Comments from Fed Chair Powell suggest that economic risks are increasingly skewed towards recession especially in Europe

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Embracing Change

Embracing Change

🕔10:45, 23.Sep 2022

Growth is slowing and inflation is climbing steadily due to the serious energy shock in late 2021. Central banks are starting to withdraw monetary stimulus and talking about rate hikes in the near future. The spectre of stagflation is re-emerging,

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Podcast: Corporate Green Bonds: fostering a net-zero emissions economy and protecting the environment

Podcast: Corporate Green Bonds: fostering a net-zero emissions economy and protecting the environment

🕔11:14, 17.Sep 2022

Green bonds enable capital-raising and investment in projects that foster a net-zero emissions economy and protect the environment. Green bonds can cover a variety of projects, such as renewable energy, energy efficiency, green buildings, clean transportation, a circular economy, and

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Why Invest in Emerging Markets with Impact Investing now

Why Invest in Emerging Markets with Impact Investing now

🕔14:18, 16.Sep 2022

-Emerging market (EM) stocks are trading at attractive valuations vs. developed market (DM) stocks -For a similar level of inflation between EM and DM, a higher level of growth is expected in EM -A China rebound should …

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Podcast: Positive Impact Equity | Performance & positioning

Podcast: Positive Impact Equity | Performance & positioning

🕔09:45, 10.Sep 2022

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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The meaning of positive nutrition

The meaning of positive nutrition

🕔11:08, 9.Sep 2022

In this report, we explore the meaning of positive nutrition, how achievable global nutritional goals are and, ultimately, how we invest in nutrition that is positive for people and planet. When we examine the nutrition theme, it is evident that

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Do public equities have a role to play in impact investing?

Do public equities have a role to play in impact investing?

🕔09:05, 5.Sep 2022

Impact Investing In terms of asset class, impact investing has traditionally been associated with private capital. Public equities make up just 17% of the USD 502 billion in assets managed in impact strategies1 , a negligible amount compared with the

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Investing in biodiversity – Why and How

Investing in biodiversity – Why and How

🕔08:32, 4.Sep 2022

A decline in the ecosystem services that nature provides will initially pose a direct physical risk to businesses as harvests become more unreliable, weather patterns change and pollinators no longer support agriculture. The risk is both event-driven, e.g. flooding or

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Rising Risk of Recession

Rising Risk of Recession

🕔16:33, 2.Sep 2022

May’s reprieve proved short-lived as recession joined inflation fears pushing equity/bond prices lower in June. Concerns have risen as the increasingly hawkish Fed rhetoric at its June meeting suggests a willingness to trade rising …

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China: Politburo drops GDP target and decrees stability in H2 2022

China: Politburo drops GDP target and decrees stability in H2 2022

🕔10:43, 17.Aug 2022

China has once again captured the attention of investors seeking shelter from unprecedented global policy tightening. This is understandable, as the country was first in, first out of the Covid pandemic and remains ahead of the curve in terms of

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Building Asymmetry in Portfolios

Building Asymmetry in Portfolios

🕔08:52, 12.Aug 2022

Monthly Investment Outlook: Global activity slowed down in late December and should remain moderate in Q1-22. The Omicron impact was limited to a few services, but disruption remained in place in …

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Attractive valuation, but selectivity is required

Attractive valuation, but selectivity is required

🕔10:49, 5.Aug 2022

Flash Update: The recent round of positive performances in local currency markets has offered investors hope of some recovery after the asset class dropped by 16% between mid-February and mid-May 2022. Rising yield levels have contributed the most to the

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Benefitting from the forthcoming ECB interest rate rises

Benefitting from the forthcoming ECB interest rate rises

🕔15:18, 22.Jul 2022

Following yesterday’s stronger than anticipated Eurozone inflation print, coupled with recent comments from various ECB members including President Lagarde, Vice-President de Guindos and Chief Economist Lane, the European Central Bank are expected to increase interest rates in July, the first

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Sustainability Report 2021

Sustainability Report 2021

🕔14:18, 21.Jul 2022

I am delighted to introduce you to UBP’s 2021 Sustainability Report. This report highlights our efforts to embed sustainability at UBP. It outlines our vision and strategy as well as progress towards strengthening our responsible investment activities and improving our

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Podcast: Impact Investing -> Do public equities have a role to play?

Podcast: Impact Investing -> Do public equities have a role to play?

🕔09:29, 15.Jul 2022

Impact investing aims to generate a measurable social/environmental impact alongside financial return We believe that companies which help to solve emerging markets’ acute societal and environmental challenges are uniquely exposed to a clear growth path over the coming decades. Impact

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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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Impact Of Inflation On Residential Mass Market Housing

Impact Of Inflation On Residential Mass Market Housing

🕔10:47, 9.Jun 2022

Mass market residential housing is in structural undersupply. As such, it is a defensive sector. It is not immune to supply chain or inflation risks. The sector has seen inflation in construction costs. To date, these costs have been absorbed

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Environmental performance award for UBAM – Positive Impact Emerging Equity

Environmental performance award for UBAM – Positive Impact Emerging Equity

🕔16:48, 27.May 2022

Key takeaways CDP* has recognised UBAM – Positive Impact Emerging Equity (PIEE) with a Climetrics Fund Award: The top five funds in each asset classes were picked from 18,000 global funds with a total value of EUR 15 trillion. PIEE

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Growing Risks on the Horizon

Growing Risks on the Horizon

🕔08:45, 25.May 2022

April saw the coordinated bond and equity sell-off continue as the ECB joined the increasingly hawkish tone out of the Fed and added to heightening growth concerns in the month. Indeed, this shifting in the growth-inflation balance is …

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Looking beyond Russia – Ukraine

Looking beyond Russia – Ukraine

🕔10:38, 20.May 2022

MONTHLY INVESTMENT OUTLOOK Bond markets continued their 2022 slump while equity markets rebounded in March as both began to look beyond the Russia-Ukraine narrative and focus on the evolving global economic and policy backdrop. Expectations in both the US and

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China: Headwinds remain in place for Q2 as PBOC delays easing

China: Headwinds remain in place for Q2 as PBOC delays easing

🕔13:19, 3.May 2022

Asia Macro: On March 27, Chinese authorities ordered a citywide lockdown in Shanghai. The lockdown was originally intended to take place in two phases, lasting eight days. However, things did not pan out this way. On April 9, the central

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Asia: Rising energy prices will hasten policy tightening in the region

Asia: Rising energy prices will hasten policy tightening in the region

🕔08:28, 15.Apr 2022

After months of heightened tensions between the Ukraine and Russia, the situation reached a turning point on February 22. Russian President Vladimir Putin signed a decree recognising the independence of Luhansk and Donetsk, paving the way for the invasion of

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Global Fixed Income Update March 2022

Global Fixed Income Update March 2022

🕔08:40, 8.Apr 2022

Contents:  Macroeconomic outlook pre-Russia/Ukraine conflict Impact of Russia/Ukraine Valuations Investment conclusions Appendix

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Podcast: Global & Absolute Return Fixed Income funds delivering performance in a rising rate environment

Podcast: Global & Absolute Return Fixed Income funds delivering performance in a rising rate environment

🕔13:14, 7.Apr 2022

Key takeaways: Strong returns in March 2022 for our flagship funds… … despite rates moving sharply higher…. … thanks to the team’s cautious view on interest rates…. … and a range of funds that is suited for a rising rate

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Focusing on Dynamic Risk Management

Focusing on Dynamic Risk Management

🕔09:11, 23.Mar 2022

Global stock and bond markets slumped in February as the Russian invasion of Ukraine rattled markets, creating the prospect of a global commodity shock as Western nations moved to sanction Russia, among the world’s largest …

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Podcast: A tough start to 2022 could provide an opportunity for impact investors

Podcast: A tough start to 2022 could provide an opportunity for impact investors

🕔10:59, 17.Mar 2022

Key takeaways ■ 2022 has already witnessed some very strong trends in investment returns ■ Here, we aim to share with you: -How these trends have affected the relative performance of UBP’s impact and biodiversity funds -What we have been

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What follows one of the worst Januarys in history?

What follows one of the worst Januarys in history?

🕔10:45, 8.Mar 2022

The S&P 500 is on track for one of its worst January performances looking back to 1929 having fallen nearly 9% at its low point for the month. Looking back to 1929, there have only been ten previous episodes of

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China: Additional policy support to spur activity after Winter Olympics

China: Additional policy support to spur activity after Winter Olympics

🕔13:00, 7.Mar 2022

On February 4, Beijing hosted the opening ceremony for the 2022 Winter Olympics. Global sporting events like this are usually a bonanza for the host country, attracting billions in investment and generating windfall revenues from tourists. However, this time round

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China: Additional policy support to spur activity after Winter Olympics

China: Additional policy support to spur activity after Winter Olympics

🕔17:44, 3.Mar 2022

On February 4, Beijing hosted the opening ceremony for the 2022 Winter Olympics. Global sporting events like this are usually a bonanza for the host country, attracting billions in investment and generating windfall revenues from tourists. However, this time round

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Emerging Market Fixed Income 2022 Outlook

Emerging Market Fixed Income 2022 Outlook

🕔10:55, 25.Feb 2022

In this paper, we will discuss the outlook for emerging market (EM) fixed income in 2022 and the key themes investors are likely to focus on at the beginning of this year. A waning global growth momentum, rising inflation and

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What follows one of the worst Januarys in history?

What follows one of the worst Januarys in history?

🕔08:44, 22.Feb 2022

The S&P 500 is on track for one of its worst January performances looking back to 1929 having fallen nearly 9% at its low point for the month. Looking back to 1929, there have only been ten previous episodes of

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China: Additional policy support to spur activity after Winter Olympics

China: Additional policy support to spur activity after Winter Olympics

🕔01:41, 19.Feb 2022

On February 4, Beijing hosted the opening ceremony for the 2022 Winter Olympics. Global sporting events like this are usually a bonanza for the host country, attracting billions in investment and generating windfall revenues from tourists. However, this time round

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Emerging Market Fixed Income 2022 Outlook

Emerging Market Fixed Income 2022 Outlook

🕔15:53, 18.Feb 2022

In this paper, we will discuss the outlook for emerging market (EM) fixed income in 2022 and the key themes investors are likely to focus on at the beginning of this year. A waning global growth momentum, rising inflation and

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Preparing for an inflection in monetary policies looking ahead

Preparing for an inflection in monetary policies looking ahead

🕔11:26, 11.Feb 2022

MONTHLY INVESTMENT OUTLOOK Volatility returned to both equity and bond markets in November and December as equities exited earnings season and markets began to prepare for a change in Fed policies looking ahead. These pivots come amidst a renewed acceleration

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Value creation throughout market cycles

Value creation throughout market cycles

🕔10:52, 4.Feb 2022

UBP’s 30 Global Leaders Equity strategy offers an efficiently diversified exposure to 30 high and stable CFROI® (Cash Flow Return on Investment, source Credit Suisse HOLT) large cap companies. The strategy shows superior and resilient levels of value creation (CFROI®

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Yields begin their rise

Yields begin their rise

🕔10:58, 28.Jan 2022

Monthly Investment Outlook October 2021 Global equities and global bond prices fell in the month as the seasonally weak, worst month of the year (September) lived up to its reputation. With the Fed and the European Central Bank both signalling

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Investing amidst the inflection in the fed policy cycle

Investing amidst the inflection in the fed policy cycle

🕔08:02, 11.Jan 2022

Key points The surge in inflation in 2021 combined with the sharp fall in unemployment leaves two of the US Federal Reserve’s key policy objectives within reach as the year comes to a close. Moreover, with US housing prices rising

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China: The factors behind weaker growth in 2022

China: The factors behind weaker growth in 2022

🕔10:43, 3.Jan 2022

KEY TAKEAWAYS The Chinese economy is facing headwinds leading into 2022, including: 1) Ongoing regulatory crackdown; 2) Exposure to COVID outbreaks; 3) A slump in the housing sector; and 4) Power shortages over the winter months. As a result and

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Reshaping the European Union Spotlight

Reshaping the European Union Spotlight

🕔12:30, 15.Dec 2021

The European Union experienced a deep recession during the pandemic but also used it as an opportunity to demonstrate its ability to take strong, concerted action and to bounce back, all amidst the redrawing of Europe’s economic and political …

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The Strong Potential of Swiss Small and Mid-Caps Equities

The Strong Potential of Swiss Small and Mid-Caps Equities

🕔12:45, 10.Dec 2021

The Swiss small and mid-cap equity segment offers exposure to a balanced and diversified universe of value creative companies. Beyond its 40% concentration in the three names, Nestlé, Roche and Novartis, the large cap space is often …

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Rebuilding USD and duration exposure going into year-end

Rebuilding USD and duration exposure going into year-end

🕔15:49, 8.Dec 2021

ADDING RESILIENCE INTO PORTFOLIOS   Global economy / Asset allocation Facing energy and inflation shocks, global activity is expected to moderate in the coming quarters. Downside risks to growth have grown due to lower visibility, the global energy shock leading to

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How To Analyse Discretionary Macro Fund

How To Analyse Discretionary Macro Fund

🕔08:05, 26.Nov 2021

Whilst the definition is fairly broad, a traditional DMAC investment approach aims to build a balanced portfolio of directional trades that mix traditional and idiosyncratic premia (betas) by taking risk-on/risk-off positions using fundamental macro and market analyses that are not

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Podcast: Are central banks at an inflection point?

Podcast: Are central banks at an inflection point?

🕔14:56, 19.Nov 2021

5 minutes with UBP global fixed income: What do you think of the recent communications from central banks? In this new podcast, our experts Bernard McGrath and Mohammed Kazmi share their views and reflect on the upcoming June meetings.

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The battle against stagflation

The battle against stagflation

🕔00:37, 17.Nov 2021

With the benefits of public sector largesse of 2020 and 2021 now fading, economies around the world are increasingly reliant on private sector demand and an increase in global trade to continue the pandemic-era expansion currently underway. However, the partially

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Inflation – The case for CDS indices to play the inflation theme

Inflation – The case for CDS indices to play the inflation theme

🕔12:05, 4.Nov 2021

Podcast: Inflation has come to the forefront recently. In that respect, senior loans – also known as bank loans or leveraged loans – are drawing interest from investors looking for an income solution with … Access the content here: For

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China: the landscape has changed

China: the landscape has changed

🕔10:14, 29.Oct 2021

Many will cite the suspension of the Ant Group IPO in November, 2020 as kicking off the crackdown on China’s ‘Big Tech’ companies and presaging the July, 2021 crackdowns across a wider range of industries. However, the regulatory foundations for

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Asia: Long road to reopening amidst stark regional divergences

Asia: Long road to reopening amidst stark regional divergences

🕔10:46, 22.Oct 2021

Travel restrictions have remained in place in Asia, as markets in Europe and North America have gradually moved towards reopening over the summer. This took place even against the backdrop of rising COVID-19 cases. The justification behind …

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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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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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EM Fixed Income: update on Evergrande

EM Fixed Income: update on Evergrande

🕔11:05, 4.Oct 2021

The dominant theme in emerging markets over the last few weeks has been Chinese corporate bonds, particularly high-yield issuers, which have cheapened markedly in recent months as the Chinese government tightened policies, particularly in the … Access the content here:

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