Robeco wins Best Investment Paper 2021
The Savvy Investor Awards 2021 celebrate the best investment and pensions papers from the last twelve months.
The Award for Best Investment Paper 2021 is given to Robeco for their '5-Year Expected Returns 2022-2026: The Roasting Twenties'.
In this eleventh edition of their annual five-year outlook, Robeco for the first time incorporates climate change as a medium-term risk affecting their return forecasts for asset classes. The title is inspired by the Roaring Twenties, one of the economically most dynamic decades of the last century, but makes references to the effects of climate change increasingly affecting the whole planet in this one.
Best Investment Paper 2021
5-Year Expected Returns 2022-2026: The Roasting Twenties (Robeco)
One foundational element of investors’ strategic decision-making processes is the estimation of expected returns. Many institutional investors use macroeconomic input and fundamental asset class data to formulate their own projections, while others rely heavily upon a combination of external forecasts for these returns. Robeco’s ‘5-Year Expected Returns: The Roasting Twenties’ begins with insights into the present valuation of major global asset classes. The authors then analyse a range of potential economic scenarios, built upon updates about global fiscal and monetary support, the continual cultural and market-related impacts of Covid-19, and geopolitical concerns. Finally, they amalgamate these disparate factors to relate them back to their specific asset class projections.
On the back of strong returns in equity markets this year, Robeco expects corporate earnings to continue to flourish, supported by the post-outbreak stimulus measures put in place by governments and central banks. In the medium term, they are also projecting an increase in productivity growth over the coming years, likely aided by technological breakthroughs in healthcare, green energy, and other industries.
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International Guide to Cost of Capital: 2021 Summary Edition by CFA Institute Research Foundation
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Cash Dethroned: Reallocation opportunities for insurers under Solvency II by M&G Investments (only available in selected countries)
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Global Investment Outlook – Fall 2021 by RBC Global Asset Management (only available in selected countries)
WisdomTree Investments Market Outlook by WisdomTree Investments (only available in selected countries)
The Big Picture: Global asset allocation Q4 2021 by Invesco (only available in selected countries)
Assessing Inflation: Theories, policies and portfolios by PIMCO
What to Do in the Case of Sustained Inflation by GMO
The Stunning Statistics of Sustainable Investing (Robeco)
ESG in Credit by Fitch Ratings
Water: From a systemic and unpriced risk to a measurable opportunity with positive impact by Impax Asset Management
Valuing Biodiversity: The tools at our disposal by Manulife Investment Management (only available in selected countries)
Passive Investing 2021 – Rise of the social pillar of ESG by CREATE-Research/DWS
Building Back Better: The path to net zero by Aviva Investors (only available in selected countries)
A Data-Driven Approach to Climate Change by Man Group
A Multi-Asset Approach to Navigating Net Zero by BlackRock (only available in selected countries)
The Incredible Upside-Down Fixed-Income Market (CFA Institute Research Foundation)
Emerging Markets Green Bonds Report 2020 by Amundi/IFC
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Sovereign Debt Index by Janus Henderson (only available in selected countries)
Rethinking the Role of Fixed Income Along the Retirement Savings Journey: From theory to practice by MFS Investment Management
The Investment Implications of Covid-Induced Debt Overhang by PGIM Fixed Income
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McKinsey on Investing by McKinsey & Company
Wealth Management Top Trends 2021 by Capgemini
The World's Largest 500 Asset Managers by Thinking Ahead Institute
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Digital Assets Going Mainstream: Impact for Financial Institutions by Oliver Wyman
Client Communications: A block to next-gen client experience? by SimCorp
Climate Investment: Positioning portfolios for a warmer world (Man Group)
PGIM Megatrends: Weathering Climate Change by PGIM
Deep Water Waves: Long-term drivers that face investors by Franklin Templeton (only available in selected countries)
ARK Invest Big Ideas 2021 by ARK
Trends Investing: Future of food by Robeco
The Case for a Dedicated China Equity Allocation by Mercer
Capturing Structural Change: A guide to thematic investing by Lazard Asset Management
The Evolution of Derisking: Assessing liability-hedging ideas (Wellington Management)
Retirement Income: Allocations and spending strategies by Dimensional Fund Advisors
Global Pensions Asset Study 2021 by Thinking Ahead Institute
ESG in DC Pensions Report by LGIM (only available in selected countries)
Pension Allocation Trends: LatAm, Middle East, Africa & Asia by Mercer
Pension Plans' Top Priority: Optimising portfolio construction by Nuveen
UK Pensions De-risking Report: Buy-ins, buy-outs and longevity swaps by LCP (only available in selected countries)
The World's 300 Largest Pension Funds 2021 by Thinking Ahead Institute
U.S. Stock-Bond Correlation: What are the macroeconomic drivers? (PGIM Institutional Advisory & Solutions)
Quantitative Credit by Man Group
A Dynamic Multi-Asset Approach to Inflation Hedging by S&P Dow Jones Indices
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Global Factor Investing Study by Invesco (only available in selected countries)
Factor Investing in Emerging Market Credits by Robeco
Tokenisation of Alternative Investments (BNP Paribas AM/Liquefy/CAIA Association)
The Case for Investing in Broad Commodities by WisdomTree Investments
Global Private Equity Report 2021 by Bain & Company
Allocating to Real and Alternative Assets: Framework for Investors by Amundi (only available in selected countries)
Global Real Estate Outlook: Navigating the road to recovery by M&G Investments (only available in selected countries)
Core Infrastructure: Inflation hedging and the search for yield by Macquarie Asset Management
Finding Higher Yielding Opportunities in Private Markets by PGIM
Cryptoassets: The guide to bitcoin, blockchain, and cryptocurrency by CFA Institute
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