Back to homepage

Research

Maatschappelijk verantwoord beleggen

Maatschappelijk verantwoord beleggen

🕔14:32, 24.Jun 2022

Pensioenakkoord uitgelegd – Deel 10 In de zomer van 2020 hebben het kabinet en sociale partners overeenstemming bereikt over een vergaande herziening van het pensioenstelsel. Dit pensioenakkoord heeft grote gevolgen voor hoe pensioen wordt opgebouwd en wordt belegd. In deze

Read Full Article
ESG Global Study 2022

ESG Global Study 2022

🕔13:44, 24.Jun 2022

ESG adoption is on the rise, fuelled by client demand and a desire to make an impact. As ESG momentum continues to gain steam, investors are refining and evolving their strategies. This can be seen in the implementation arena, where

Read Full Article
Embracing Change

Embracing Change

🕔10:45, 24.Jun 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,

Read Full Article
Obligatiebeleggers moeten inzicht hebben in de volatiliteitscyclus

Obligatiebeleggers moeten inzicht hebben in de volatiliteitscyclus

🕔10:24, 24.Jun 2022

De vastrentende markten zijn steeds volatieler geworden, een trend die zich waarschijnlijk zal voortzetten. Beleggers moeten zich aanpassen. De recente stijging van de obligatierendementen heeft beleggers in vastrentende waarden doen opschrikken. Eén benchmarkindex voor obligaties tekende, ten opzichte van de

Read Full Article
Trend-Following Research Series Part 2: Rising Rates and Trend-Following

Trend-Following Research Series Part 2: Rising Rates and Trend-Following

🕔16:34, 23.Jun 2022

All asset classes have benefited from 30 years of falling interest rates, as future cash flows have been discounted at steadily lower rates, boosting present values. Trend-Following strategies, which take long and short positions across equity, interest rate, commodity, currency,

Read Full Article
The myth of the fiscal free lunch: beware of the trap. An investor’s viewpoint

The myth of the fiscal free lunch: beware of the trap. An investor’s viewpoint

🕔14:25, 23.Jun 2022

The idea that there is a comfortable degree of budgetary room for more active fiscal policy goes hand-in-hand with the assumption that a sustained bond correction (higher safe real interest rate) is not only unjustified based on fundamentals, but is

Read Full Article
The power of narratives for investors

The power of narratives for investors

🕔12:53, 23.Jun 2022

The rise of the narrative concept and how it can help financial market understanding. A narrative is a popular story that arises from the public consciousness of market events. The most viral and intense of these may dominate public attention.

Read Full Article
Protecting Your Portfolio from Inflation After the Fact

Protecting Your Portfolio from Inflation After the Fact

🕔10:18, 23.Jun 2022

Soaring commodity prices have helped drive inflation to 8.5%, by far the highest level in the last few decades. With commodity prices up and inflation creating waves, is it too late for investors to capitalize on high commodity prices? Have

Read Full Article
Attractive valuation, but selectivity is required

Attractive valuation, but selectivity is required

🕔08:49, 23.Jun 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

Read Full Article
Supply chain shifts signal reglobalisation

Supply chain shifts signal reglobalisation

🕔12:43, 22.Jun 2022

The fragility of global supply chains exposed during the COVID-19 pandemic remains one of the top economic challenges facing the world. In one respect, globalisation has long been characterised by developed market countries offshoring production to lower cost locations. But

Read Full Article
An Investor’s Guide to Crypto

An Investor’s Guide to Crypto

🕔11:51, 22.Jun 2022

In 2018, it was relatively easy for asset managers to ignore the cryptocurrency space. Bitcoin had crashed, losing over 80% of its value, and the new ecosystem was littered with failed initial coin offerings. It all looked like a fad.

Read Full Article
A focus on inflation

A focus on inflation

🕔10:24, 22.Jun 2022

The conflict in Ukraine has delivered a commodity price shock similar to that of the early 1970s, shattering hopes that the inflationary uptick may prove to be transitory. As inflation reaches multi-decade highs, we analyse what is driving inflation across

Read Full Article
Te duur wanbetalingsrisico biedt kansen voor obligaties uit opkomende landen

Te duur wanbetalingsrisico biedt kansen voor obligaties uit opkomende landen

🕔08:29, 22.Jun 2022

Obligaties uit opkomende markten werden getroffen door inflatie, renterisico's, een stijgende dollar en geopolitieke spanningen. Maar de bezorgdheid over wanbetaling is overdreven. Beleggers in obligaties uit opkomende markten hebben zelden te maken gehad met een meer complexe economische en geopolitieke

Read Full Article
Keeping up with climate change in setting long-term asset class views

Keeping up with climate change in setting long-term asset class views

🕔07:23, 22.Jun 2022

Today climate change is arguably the most critical long-term challenge that humanity is facing. “Climate action failure” is not only the top longterm threat in the World Economic Forum’s Global Risks Report for 2022, but is also a key element

Read Full Article
Central & Alternative Scenarios (12 To 18 Months Horizon)

Central & Alternative Scenarios (12 To 18 Months Horizon)

🕔16:30, 21.Jun 2022

We keep the probabilities of our central and alternative scenario unchanged versus last month but amend the narrative to take into account the evolving geopolitical situation (see Ukraine crisis tree).The new wave of Covid-19 in China and stagnation in the

Read Full Article
Global Asset Allocation 2022 Q3

Global Asset Allocation 2022 Q3

🕔14:38, 21.Jun 2022

Most assets have again delivered negative returns in both local currency and USD, with the notable exception of commodities (or more precisely energy and agricultural products). That was unfortunate for us, given that we were zero-weighted in commodities (having been

Read Full Article
High Yield: Harvesting Income

High Yield: Harvesting Income

🕔10:11, 21.Jun 2022

For most risk assets, total return is achieved predominantly via capital price return, but not in high yield. Over long-term periods, income tends to drive the bulk of the total return for high yield bonds. In fact, over 100% of

Read Full Article
Does a Bear Market Always Mean a Recession?

Does a Bear Market Always Mean a Recession?

🕔08:20, 21.Jun 2022

The S&P 500 Index fell into bear market territory on Friday 20 May – defined as a 20% from its recent high – the first time since March 2020, when markets sold off over fears around the Covid-19 pandemic.  But

Read Full Article
Growth Traps Snap Shut

Growth Traps Snap Shut

🕔15:34, 20.Jun 2022

What do Netflix, Peloton Interactive, Coinbase, and Palantir Technologies have in common? I admit it isn’t a particularly challenging question. As anyone who has been following the U.S. stock market in the last 10 months knows all too well, they

Read Full Article
Is a Yield Curve Inversion Bad for Stock Returns?

Is a Yield Curve Inversion Bad for Stock Returns?

🕔13:53, 20.Jun 2022

Many investors see yield curve inversions—when short-term bond yields exceed longterm yields—as foreboding. Do they signal a stock market downturn? Data from the US and other major economies show yield curve inversions have not historically predicted …

Read Full Article
So Far, So Good…

So Far, So Good…

🕔12:26, 20.Jun 2022

With inflation at multi-decade highs and growth already slowing, investors were rightfully sceptical about the Fed’s ability to aggressively tackle inflation without sending the economy into recession having waited too long. Now two hikes in and messaging front-loading future hikes

Read Full Article
Guide to Alternatives

Guide to Alternatives

🕔10:02, 20.Jun 2022

Alts in Agregate Real Estate Infrastructure Private Markets Hedge Funds

Read Full Article
Growing Trends in Private Markets Investments for Asset Owners (April 2022)

Growing Trends in Private Markets Investments for Asset Owners (April 2022)

🕔08:16, 20.Jun 2022

So, let's start. Clearly the global economy, in a constant state of flux, with the post effects of the pandemic, geopolitical tension, mounting inflation, rising interest rates, causing tremendous impact to listed markets. And as we speak to our clients

Read Full Article
ESG Megatrends: Climate Change

ESG Megatrends: Climate Change

🕔13:17, 17.Jun 2022

Understanding the potential impact of climate change and the interaction between different stakeholders, initiatives, metrics, and tools presents challenges. There is a growing need for investors to understand the risks, opportunities and the impact on investment portfolios that come with

Read Full Article
Negatieve emissies: verder gaan dan netto nul

Negatieve emissies: verder gaan dan netto nul

🕔09:20, 17.Jun 2022

Om de opwarming van de aarde tegen te gaan, moet de wereld misschien verder gaan dan het bereiken van netto nul en beginnen met actief koolstof uit de atmosfeer te verwijderen. Maar liefst 140 landen en honderden bedrijven over de

Read Full Article
4 investment opportunities for a net-zero future

4 investment opportunities for a net-zero future

🕔08:54, 17.Jun 2022

The buzz swirling around the electric vehicle (EV) sector has been front and centre for investors looking to profit from the world’s transition to a net-zero carbon economy. Tesla recently skyrocketed to a US$1 trillion market cap, joining an elite

Read Full Article
QEP: Seven key themes for 2022 and beyond

QEP: Seven key themes for 2022 and beyond

🕔16:32, 16.Jun 2022

Alongside the terrible human tragedy that has unfolded since Russia’s invasion of Ukraine, the war has also exaggerated many pre-existing trends. Some include the upward pressure on commodities and further disruptions to global supply gains at a time when inflationary

Read Full Article
All systems go

All systems go

🕔14:34, 16.Jun 2022

As bond ETFs turn 20 years old, we believe four trends will propel global AUM to USD 5 trillion by 2030 Twenty years ago, computerised stock trading was reshaping the unseen market plumbing that connects buyers with sellers. Pit-style trading

Read Full Article
Geopolitical rupture in Europe: long-term investment implications

Geopolitical rupture in Europe: long-term investment implications

🕔12:18, 16.Jun 2022

We need to remain humble and nimble as we assess the changing investment landscape and seek to fulfil our purpose: to create a better future through responsible investing. In addition to precipitating a devastating humanitarian crisis, Russia's invasion of Ukraine

Read Full Article
EMEA-Listed ETF Flash Flows

EMEA-Listed ETF Flash Flows

🕔10:12, 16.Jun 2022

ETFs posted net inflows of close to $2.0bn last week. Equity attracted the strongest flows, in excess of $3.0bn, taking the year-to-date amount over $51bn. • Fixed income and Commodity exposures suffered net outflows, compounding what has been a disappointing

Read Full Article
Economic and Strategy Viewpoint Q2 2022

Economic and Strategy Viewpoint Q2 2022

🕔08:25, 16.Jun 2022

The peak in global inflation is probably not far away, but there are several reasons to think that it will fall relatively slowly. Lockdowns in China have caused bottlenecks in global supply chains to re-emerge, upside risks to commodity prices

Read Full Article
The case for emerging market small-cap equities

The case for emerging market small-cap equities

🕔17:29, 15.Jun 2022

In today’s environment, small-capitalization stocks in emerging markets (EM) offer compelling reasons for consideration. We believe this universe has big potential, may deliver consistent returns, and can provide diversification in portfolios. The case for active management in this space is

Read Full Article
EM local currency debt should be relatively resilient to potential Fed hikes

EM local currency debt should be relatively resilient to potential Fed hikes

🕔14:13, 15.Jun 2022

Historically, emerging market (EM) local currency debt has tended to weaken with rising US interest rates, but our research shows that much of this has generally occurred before Federal Reserve (Fed) interest rate hikes have taken place. As the Fed

Read Full Article
Monetair beleid en inflatie

Monetair beleid en inflatie

🕔13:41, 15.Jun 2022

Na een lange periode waarin inflatie (ruim) onder de doelstelling van de Europese Centrale Bank lag, zijn de prijzen in Nederland en in het eurogebied de afgelopen maanden omhooggeschoten. Dit is deels een gevolg van de heropening van de economie

Read Full Article
Regional spotlights Familly Offices

Regional spotlights Familly Offices

🕔10:50, 15.Jun 2022

This marks the third iteration of the Global Family Office Survey. UBS surveyed 221 of its clients globally between 19 January and 20 February 2022. Participants were invited using an online methodology and were distributed across more than 30 markets

Read Full Article
Betere manieren om de wereld te voeden

Betere manieren om de wereld te voeden

🕔09:58, 15.Jun 2022

Voedselzekerheid is door de Oekraïnecrisis een nog urgenter wereldwijd probleem geworden. Beleggers kunnen helpen om oplossingen te bedenken – van boer tot bord. De forse stijging van de voedselprijzen en de bevoorradingsproblemen, die nog verergerd werden door de Russische invasie

Read Full Article
Tech sell-off and bond temptation

Tech sell-off and bond temptation

🕔15:32, 14.Jun 2022

CROSS ASSET Investment Strategy – June 2022: The repricing of a more aggressive Fed stance has been brutal as the 10Y UST yield temporarily reached the 3% threshold, falling close to 2.75% recently on economic growth concerns. We think investors

Read Full Article
Swiss Sustainable Investment Market Study 2022

Swiss Sustainable Investment Market Study 2022

🕔13:41, 14.Jun 2022

This is the fifth Swiss Sustainable Investment Market Study published by Swiss Sustainable Finance (SSF) in collaboration with the Center for Sustainable Finance and Private Wealth (CSP) at the University of Zurich. After the impressive increase in the amount of

Read Full Article
A time for dividends to shine

A time for dividends to shine

🕔10:09, 14.Jun 2022

The past decade has been an exceptionally profitable period to be invested in global equity markets, with the MSCI AC World Index averaging 10.6% per annum in the 10 years to 31 March 2022*. Solid GDP growth, low interest rates

Read Full Article
Boomkap als opvallende klimaatoplossing

Boomkap als opvallende klimaatoplossing

🕔08:52, 14.Jun 2022

Bomen slaan tijdens de groei veel CO2 op. Als hout een duurzame bestemming krijgt zoals bouwmateriaal, kan er met slim beheer van bosgrond meer broeikasgas worden opgeslagen dan wanneer de natuur haar gang gaat. Binnen een periode van dertig jaar

Read Full Article
Demystifying decumulation: A practical guide

Demystifying decumulation: A practical guide

🕔16:14, 13.Jun 2022

Among investors pursuing long-term objectives like retirement, there is an understandable tendency to focus on the accumulation of assets, and the process, while by no means easy, is fairly straightforward, with a limited number of variables to consider. But as

Read Full Article
Don’t fight the Fed

Don’t fight the Fed

🕔15:17, 13.Jun 2022

Restrictive central banks and high inflation rates are likely to continue to weigh on the economic outlook. Macro outlook – The US Federal Reserve stays its course High inflation rates are increasingly permeating global economies, and sharp increases in commodity

Read Full Article
Cyclical, structural and geopolitical challenges in play for US CRE

Cyclical, structural and geopolitical challenges in play for US CRE

🕔13:16, 13.Jun 2022

US CRE MARKET INSIGHTS June 2022: First quarter US CRE investment performance reported by NCREIF’s National Property Index (NPI) offers a continuation of the extraordinary total returns produced during 2021. Total return for the year ending March 2022 reached a

Read Full Article
Globalisation: the reports of its demise are greatly exaggerated

Globalisation: the reports of its demise are greatly exaggerated

🕔11:00, 13.Jun 2022

Are we witnessing the end of globalisation or are reports of its demise greatly exaggerated? Talha: Globalisation is the process of growing interdependence between the global economies as measured through cross-border trade, finance, information and migration flows. Historically …

Read Full Article
Barometer: Voorzichtigheid is de moeder van de porseleinkast

Barometer: Voorzichtigheid is de moeder van de porseleinkast

🕔10:27, 13.Jun 2022

De stijgende reële rentevoeten en de bezorgdheid over de vooruitzichten voor de wereldeconomie wegen op onze vooruitzichten voor aandelen, wat ons ertoe aanzet onze allocatie naar onderwogen te verlagen Activatoewijzing: een zenuwoorlog Inflatie Oorlog COVID Deze eisen elk hun tol

Read Full Article
De gezondheidszorg speelt een hoofdrol in private equity

De gezondheidszorg speelt een hoofdrol in private equity

🕔07:13, 13.Jun 2022

De door Covid-19 geïnspireerde technologische revolutie in de gezondheidszorg kan nieuwe kansen creëren voor beleggers in private markten. Zelfs voordat Covid-19 zich over de hele wereld verspreidde, werd de mensheid geconfronteerd met een aantal ernstige gezondheidsbedreigingen. Vervuiling doodt meer dan

Read Full Article
Commodities at war: testing the mettle of the global metals industry

Commodities at war: testing the mettle of the global metals industry

🕔19:00, 10.Jun 2022

For the past couple of decades, China has been the driver of the health of the global metals industry as it accounts for roughly 50% of demand for a number of metals commodities. More recently, two other factors have driven

Read Full Article
Het opkomende potentieel van water

Het opkomende potentieel van water

🕔15:40, 10.Jun 2022

Particuliere bedrijven spelen een belangrijke rol bij het verbeteren van de toegang tot water en de riolering in de opkomende wereld. Waterschaarste wordt een steeds urgenter probleem. De hulpbronnen slinken, terwijl de vraag naar schoon water en sanitaire voorzieningen blijft

Read Full Article
Does the EM debt repricing present a good entry point?

Does the EM debt repricing present a good entry point?

🕔11:23, 10.Jun 2022

The Russia-Ukraine conflict, a spike in commodity prices and rising global inflation have raised fresh questions about the outlook for emerging markets (EM) debt. Recent forecasts from the International Monetary Fund and World Bank suggest global growth is slowing. And

Read Full Article
Investing in Private Markets – History and Rationale

Investing in Private Markets – History and Rationale

🕔08:37, 10.Jun 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

Read Full Article

SEARCH