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Posts From UBP

Repricing Growth and Inflation: Market Convergence

Repricing Growth and Inflation: Market Convergence

🕔10:34, 9.Jun 2023

In the research paper "Converging Expectations," UBP delves into the recent reversal of stock and bond market gains due to renewed inflation concerns. The main theme of the text is the convergence of expectations between risky and risk-off assets in

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Monthly Outlook: Evaluating Global Liquidity Shifts: Predictions for the Investment Landscape of 2023

Monthly Outlook: Evaluating Global Liquidity Shifts: Predictions for the Investment Landscape of 2023

🕔09:58, 8.Jun 2023

In their latest report, “Monthly Investment Outlook,” UBP provides a comprehensive analysis of the current investment climate. The analysis observes that global equities and bonds were stable in April, as markets adjusted to the liquidity influx subsequent to the US

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Revamping Credit Market Allocations: The Case for CDS Indices

Revamping Credit Market Allocations: The Case for CDS Indices

🕔11:59, 7.Jun 2023

The article "How to optimise an allocation to credit markets?" proposes a shift from bonds to Credit Default Swap (CDS) indices for investors seeking to optimise their credit market allocations. The argument is that strategies based on CDS indices have

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UBAM – Positive Impact Fund: Emerging Opportunities Amid Challenges

UBAM – Positive Impact Fund: Emerging Opportunities Amid Challenges

🕔10:07, 7.Jun 2023

In "UBAM – Positive Impact Emerging Equity | Impact investing in EM: after a challenging first quarter, opportunities are emerging", the document discusses the compelling business case for impact investing in emerging markets, despite the difficulties of the initial quarter.

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UBAM – Positive Impact Fund: Celebrating Three Years of Growth and Impact

UBAM – Positive Impact Fund: Celebrating Three Years of Growth and Impact

🕔16:52, 6.Jun 2023

In the insightful discussion, "UBAM – Positive Impact Emerging Equity | Third anniversary," portfolio managers Mathieu Nègre and Eli Koen celebrate the fund's third anniversary with a reflection on their journey so far. The conversation underscores UBP's pioneering spirit in

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Leveraging Barbell Strategies for Profitable EUR Fixed Income Markets

Leveraging Barbell Strategies for Profitable EUR Fixed Income Markets

🕔11:21, 6.Jun 2023

The text analyzes the benefits and methodology of implementing barbell strategies in Euro (EUR) fixed income markets. It outlines how an inverted yield curve can present opportunities for creating a defensive risk/reward profile with a yield pick-up. These strategies combine

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lobal Liquidity Cycle: Impact on Equities, Bonds and Financial Strategies

lobal Liquidity Cycle: Impact on Equities, Bonds and Financial Strategies

🕔11:28, 2.Jun 2023

In "Monthly Investment Outlook: The Global Liquidity Cycle Looks Set To Turn", the author presents a detailed analysis of the current global financial situation. The piece observes that global equities and bonds remained steady in April, amidst worldwide liquidity injections

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The Turning Tide: Global Liquidity and Future Market Volatility

The Turning Tide: Global Liquidity and Future Market Volatility

🕔11:08, 30.May 2023

The article primarily discusses an impending shift in the global liquidity cycle and its potential implications for the economy. It mentions the recent liquidity crisis in the US banking sector and the consequent liquidity injections, as well as the Swiss

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Why Invest in Emerging Markets with Impact Investing now

Why Invest in Emerging Markets with Impact Investing now

🕔14:18, 26.May 2023

-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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Expert Duo Joins UBP’s Positive Impact Equity Fund for Enhanced Performance

Expert Duo Joins UBP’s Positive Impact Equity Fund for Enhanced Performance

🕔11:24, 19.May 2023

UBP's Positive Impact Equity (PIE) fund has welcomed two new co-managers, Charlie Anniss and Adrien Cambonie, who join forces with Rupert Welchman. The addition of these experts will significantly benefit PIE due to their extensive experience in European SMID cap

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UBP – Webinar – Dedollarisation

🕔10:15, 8.May 2023

      We are pleased to invite you to a webinar with two of our top experts who will present their views on the much discussed idea that more and more countries are turning away from the dollar as

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UBP – Webinar – CDS Indices – Think Strategic, Not Tactical

🕔11:09, 1.May 2023

      CDS indices offer a similar economic profile to cash bonds for exposure to both high-yield and investment-grade credit markets, but with much better liquidity. Beyond this fundamental characteristic, the relative value analysis between CDS and cash bonds

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Emerging Markets & Impact Investing: Opportunities After Challenges

Emerging Markets & Impact Investing: Opportunities After Challenges

🕔08:08, 27.Apr 2023

In UBP's "Flash Update," the author emphasizes the strong business case for impact investing in emerging markets after facing a difficult first quarter. The year began positively, but emerging markets experienced a setback in February before regaining momentum in March.

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Positive Impact Emerging Equity | Navigating volatility

Positive Impact Emerging Equity | Navigating volatility

🕔12:00, 21.Apr 2023

In a world in which asset managers are struggling to differentiate themselves and outperform their benchmarks, we believe that impact investing provides an answer largely through innovative portfolio construction and we would particularly like to highlight: The results obtained by

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Monthly Investment Outlook: Central Bank Strategies Amid Inflation and Banking Instability

Monthly Investment Outlook: Central Bank Strategies Amid Inflation and Banking Instability

🕔14:32, 20.Apr 2023

In the Monthly Investment Outlook, UBP highlights the stability of global equities and the rally in bonds in March, despite turmoil in the US and European banking systems. Over the past four decades, such financial shocks have been common during

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The meaning of positive nutrition

The meaning of positive nutrition

🕔12:08, 7.Apr 2023

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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Investing in biodiversity – Why and How

Investing in biodiversity – Why and How

🕔08:32, 31.Mar 2023

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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Converging Expectations

Converging Expectations

🕔08:52, 21.Mar 2023

In February, concerns about inflation caused a partial reversal of gains in the stock and bond markets, leading to a convergence between risky and risk-off assets. Strong US jobs and retail sales data, along with higher-than-expected inflation reports, led to

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Posive Impact Emerging Equity

Posive Impact Emerging Equity

🕔08:50, 17.Mar 2023

In a world in which asset managers are struggling to differentiate themselves and outperform their benchmarks, we believe that impact investing provides an answer largely through innovative portfolio construction and we would particularly like to highlight: The results obtained by

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Opportunities to invest in nature

Opportunities to invest in nature

🕔12:27, 10.Mar 2023

Biodiversity Restoration The business case for investing in biodiversity is strong: UBAM – Biodiversity Restoration (BRF) invests in biodiversity “fixers” – solution providers that aim to protect or restore biodiversity. ▪ Infrastructure programmes and regulations drive additional growth for the

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The Case For Japanese Small Caps In 2023

The Case For Japanese Small Caps In 2023

🕔08:40, 3.Mar 2023

Investors and companies ventured into uncharted territory following the start of the Covid crisis in early 2020, with challenging market conditions turning perceived tailwinds into headwinds and vice versa. In 2022, the fragile path to recovery was further destabilised by

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Impact investing in EM: an opportunity to consider in 2023

Impact investing in EM: an opportunity to consider in 2023

🕔10:35, 28.Feb 2023

Flash Update: The decision to invest in emerging markets today should be based on the economic forecasts for the region and managers’ ability to position themselves accordingly. Analysis of UBAM – Positive Impact Emerging Equity’s recent history can shed some

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Soft landing or recession?

Soft landing or recession?

🕔10:03, 22.Feb 2023

Monthly investment outlook Stock and bond markets continued to rally in January as falling energy prices, a reopening in China and hope for Fed rate cuts ahead drove optimism across asset classes. This optimism belies growing divergence between expectations implied

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A Convex Exposure to China’s A-Share Market Opportunities

A Convex Exposure to China’s A-Share Market Opportunities

🕔10:13, 17.Feb 2023

Global investors still mostly favour onshore equities, i.e. the A-share market (the CSI 800 Index), to build exposure to the Chinese economy; however, the high volatility associated with these shares has historically been a drawback. If we look back at

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Walking the tightrope – Outlook 2023

Walking the tightrope – Outlook 2023

🕔14:15, 10.Feb 2023

Investors were buffeted throughout 2022, first by the shock of Russia’s invasion of Ukraine and then by the fastest rate-hiking cycle by the US Federal Reserve in a generation. As we had anticipated 2022 would be a volatile year in

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Strategic Income: Allocation to BB ratings

Strategic Income: Allocation to BB ratings

🕔08:37, 3.Feb 2023

A new building block within UBP’s Global & Absolute Fixed Income range. The strategy’s objective is to generate high income with a strong BB risk profile. The strategy will have a diversified allocation to the high income …

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How to use ESG ratings smartly

How to use ESG ratings smartly

🕔12:05, 20.Jan 2023

ESG (environmental, social and governance) ratings are complex and getting more so. Lively debate has been triggered by discrepancies such as Tesla being removed from the S&P 500 ESG index over concerns about working conditions and automated driver safety, while

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Monthly Investment Outlook January 2023

Monthly Investment Outlook January 2023

🕔10:58, 9.Jan 2023

Stock and bond markets rallied into November on the back of speculation that the Fed might step back from its rapid pace of rate hikes and, more importantly, that it may reach its ‘terminal’ Fed Funds policy rate by early-2023.

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Building Asymmetry in Portfolios

Building Asymmetry in Portfolios

🕔08:22, 29.Dec 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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The end of an era

The end of an era

🕔12:55, 16.Dec 2022

Monthly Investment Outlook: With the September swoon in risk assets, markets have simply moved to unprice the optimism built up over the summer about the prospects of a pause in Fed tightening …  

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Alternative Investment Solutions: Quarterly Strategy Review and Outlook

Alternative Investment Solutions: Quarterly Strategy Review and Outlook

🕔16:42, 2.Dec 2022

During Q3 2022, global markets continued to fall across the board, from equities, to bonds and commodities. No region, sector or style was immune to it. After a relief rally in July, equities fell, and bond yields rose as inflation

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Biodiversity Restoration

Biodiversity Restoration

🕔13:41, 27.Nov 2022

The business case for investing in biodiversity is strong: Awareness of the biodiversity investment opportunity is where climate change was 5–10 years ago, but it is catching up rapidly. USD 44 trillion worth of the economic value generated each year

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Embracing Change

Embracing Change

🕔10:45, 25.Nov 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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Beginning The Next Phase Of The 2022 Bear Market

Beginning The Next Phase Of The 2022 Bear Market

🕔08:28, 4.Nov 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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Global Fixed Income Update – October 2022

Global Fixed Income Update – October 2022

🕔12:57, 31.Oct 2022

Growth is slowing but not collapsing. Elevated inflation is squeezing household incomes, confidence and spending, leading to a slowdown in economic activity as illustrated in Figure 1. Recently, weaker activity has been registered in both the manufacturing and service sectors,

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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, 29.Oct 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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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, 28.Oct 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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Attractive valuation, but selectivity is required

Attractive valuation, but selectivity is required

🕔10:49, 21.Oct 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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Flash update: UBAM – Positive Impact Equity

Flash update: UBAM – Positive Impact Equity

🕔08:21, 20.Oct 2022

Impact investing has been challenging in Europe in 2022 Interestingly, a large contributor to the underperformance compared with its benchmark comes from what PIE does not own, rather than what it does. There are some striking observations to make: first,

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New Market Regime Favours Alternatives

New Market Regime Favours Alternatives

🕔09:49, 18.Oct 2022

2021 appears to have been the turning point for a 30-year period of disinflationary global trends which led to elevated asset prices and suppressed volatility. Going forward, financial assets will need to reprice, but at levels that are unpredictable. What

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Recession risk – the point of recognition approaches

Recession risk – the point of recognition approaches

🕔12:50, 14.Oct 2022

Monthly investment outlook august 2022  Just as markets had to reprice a new interest rate regime in early-2022 amidst fading hopes for a transitory inflationary backdrop, they are now similarly beginning to recognise that the prospects of an economic soft

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Flash update: UBAM – Positive Impact Emerging Equity

Flash update: UBAM – Positive Impact Emerging Equity

🕔14:35, 12.Oct 2022

UBAM – Positive Impact Emerging Equity (PIEE), our impact investment solution for investing in EM, has outperformed its benchmark index in the year to date. We would also highlight the following point …

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Investing in Private Markets – History and Rationale

Investing in Private Markets – History and Rationale

🕔15:37, 5.Oct 2022

With the peak in inflation in the early 1980s, investors as a whole have benefitted from a secular fall in inflation, driven by structural factors including supportive demographics, globalisation, and productivity-enhancing technology investments. Undoubtedly, the technology revolution will continue with

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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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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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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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