In this first podcast series on Alternative Fixed Income and ESG we take a look at ESG integration in Alternative Fixed Income: more specifically in Dutch mortgages, Asset Backed Securities and the Government Related Investment Fund. Why invest in Alternative
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
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
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
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
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
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
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
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
Podcast – Episode #1 The various countries that make up emerging markets have shown incredibly rapid and dynamic development. In this first episode we look ahead to the next decade with Capital Group Investment Specialist Valeria Vine: where are emerging
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.
Podcast thematisch beleggen: Hoewel ze momenteel vooral populair zijn onder particuliere beleggers neemt de belangstelling van institutionele beleggers voor thematische strategieën snel toe. Volgens Gert Jan van der Geer, senior portfolio manager thematic equity bij Pictet Asset Management, speelt maatwerk
Market weekly: Convertible bonds are hybrid instruments combining bond and equity characteristics. As a result, they offer some equity upside, but with bond-like protection on the downside. If we are at the start of a cycle of rising interest rates,
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
Market weekly: Investors with China exposure, or an appetite for it, face a raft of issues ranging from slower growth, which may or may not be condoned by Beijing, to toughened and expanded clampdowns on sectors. Add in persistent Sino-US
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.
Market weekly: The S&P 500 Index ended a seven-month winning streak in September. In seeking an explanation, the first thing that comes to mind – and probably the most common or obvious answer that you hear for … Listen to
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
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:
Market weekly: There are clear opportunities across the sector even if valuations of tech shares have now more than doubled from the pandemic lows of last March as technology emerged as the answer to many of the challenges the virus
Market weekly: Uncertainty over the macroeconomic landscape and the outlook for monetary policy currently combine with an awareness among investors that by many measures, valuations in public markets are on the high side. Listen to the podcast or read the
Inflation? The debate about inflation has been hotting up. During the earnings season, many companies flagged up the fact that they were experiencing higher supply costs. In April, the latest US CPI print – a measure of inflation in the
Market weekly: Emerging market equities offer investors a wide range of diversification opportunities across economies with a solid post-pandemic growth profile that include, but also stretch beyond, China and the wider Asian region. Quang Nguyen, head of global emerging market equities,
Market weekly: What will be the consequences of the Covid-19 pandemic for the food and agriculture sector? How is the transition towards more sustainable food production and consumption affected? What we have seen so far is an … Listen to
Flash Update: Q2 2021 proved to be another good quarter for banks, beating market expectations once again. These beats were generally driven by better revenues in capital market divisions, especially equity trading and M&A, whilst loan loss provisions continued to
Asset Allocation Monthly: During August, investor edginess increased. Financial markets partly reflected this with a decline in equities and commodities, a fall in long-term bond yields, and a rise in the US dollar. Expectations about the US Federal Reserve’s monetary
Market weekly: Being inclusive can lead to better results. It can also raise a company’s standing among the general public, in the labour market, among suppliers and customers and with regulators and investors. In our view, organisations that are more
Market weekly: Addressing ecosystem restoration is just as pressing as tackling CO2 emissions and can generate billions of dollars of investment opportunities, as Ulrik Fugmann and Edward Lees, co-heads of the Environmental Strategies Group, explain. Much of the focus in the debate on
Flash Update: Following the continued improving macroeconomic backdrop, the Fed are expected to signal a cessation of monetary stimulus in the coming months, initially with asset purchase tapering, followed by raising interest rates. In anticipation of such a move, investors
Flash update: The investment universe of Emerging Market (EM) green, social and sustainability bonds has grown rapidly, and annual issuance has nearly tripled since 2016 (Chart 1). Due to the Covid-19 pandemic, we saw a significant rise in … For
Market weekly: We recently saw the consensus view held by the market on US interest rates bowled over by the Federal Reserve. Whereas the market expected no or at the most one interest rate rise over the next two years,
Market weekly: Investors are continuing to search for sources of income in the current low-yield environment marked by, for example, modest returns from equities and bonds, bringing to the fore the merits of an allocation to infrastructure debt. This source
Flash update: In recent months, we’ve received several questions around the vaccination progress in emerging markets (or lack thereof), and in particular, the progress in frontier markets. For this piece, we hone in on Africa as it makes up over
Market weekly: Thanks to central bank largesse, corporate bond markets weathered the depth of the Covid crisis well. Risks to credit markets today appear low with gradually improving fundamentals, neutral central bank policy and no major supply-demand imbalances. Listen to
Market Weekly: On account of the region’s strong economic growth, Asia has a considerable impact on climate change, but at the same time is, perhaps disproportionately, exposed to its effects. That makes engaging with companies and working with the authorities
Fund flows to date have massively favoured US equities, but European equities now have considerable scope to catch up as the economic recovery broadens and investors reassess their valuations relative to their more expensive US counterparts. Peter Abbott, European equities portfolio
Key takeaways: Emerging market (EM) investment-grade corporate bonds appear particularly attractive in a world of very low but rising interest rates This is even more true for non-USD investors, which benefit currently from very low hedging costs As a result,
Assessing opportunities and risks in mainland China: Key takeaways: In a post pandemic world, China offers unique growth prospects China’s share of global asset allocations has increased and the trend is only starting In sharp contrast to many developed markets,
Climate change and pollution are among the factors reducing biodiversity. The result is considerable damage to society and the economy. Robert-Alexandre Poujade, ESG analyst at our Sustainability Centre, warns not to underestimate the consequences of biodiversity loss and underscores the role
The economic recovery should broaden into a synchronised global upturn in the course of the second half of this year, favouring risky assets including commodities, equities generally and notably emerging market equities. An equity correction should be seen as a
The European bank earning season has passed and the outlook continues to be positive for AT1s. The vast majority of banks have beaten expectations with capital markets/trading and lower provisions being the main drivers. The expectation, particularly on the provisioning
Inflation has been quiescent in developed economies in recent years. Today, the possibility that we may be on the brink of a secular shift away from the low-flation regime is a topic of intense debate among investors. Nowhere is this
Market weekly: Being open to an inclusive growth approach goes hand in hand with a focus on long-term performance and contributes to a better climate for doing business and investment. As investment specialist Ramon Esteruelas and ESG research analyst Delphine
Flash update: Ever since 2014, deposit rates in Europe have been negative, creating a headache for investors with this phenomenon unlikely to change in the near future. Current market pricing, for instance, does not have the deposit rate returning to
Market weekly: Green bonds have grown and matured as a fixed-income segment over the past decade. The need for climate action has spurred a raft of green projects and activities that combat climate change and other environmental challenges and seek
Market weekly The outlook for US interest rates is shifting towards a normalisation of central bank policy now that the economic recovery appears to be entrenched. Ken O’Donnell, head of short duration fixed income, discusses how investors could tackle this
Asian equities rode high early in the year amid optimism over the recovery in China, the new US administration and improved relations with China, and the advent of vaccines. The outlook for investor flows into much of the region remains positive, even after a recent valuation-related setback. Zhikai Chen, head of Asian equities, discusses the prospects for the asset class this year.
Eliminating carbon dioxide emissions over the coming decades will require multi-billion dollar investments, as well as a wide range of efforts to reduce energy consumption, increase efficiency, electrify and decarbonise processes, and nurture alternative fuels to economic viability.
Applying factors to corporate bond investing can help build a more resilient portfolio, particularly when markets face rising interest rates and heightened volatility. Olivier Laplenie and Charles Cresteil explain.
A pick-up vs. EUR-denominated investment grade bonds of +110 bps, investors lock-in a higher yield in the USD market as hedging costs to EUR remain low …
