The March 2024 Content Leaderboard

The most downloaded papers in March 2024

Each month we present the best-performing papers of the month, by number of downloads.

Macro Monthly: What About Valuations? (UBS AM)

Equity valuations are expensive vs long-term history, but strong macro conditions support elevated multiples.

The Risks That Would Most Disrupt Consensus In 2024 (New York Life Investments)

This paper explores the possible domino effects of potential “black swan” events—and the disruptive risks.

Gold Demand Trends Full Year 2023 (World Gold Council)

For compliance reasons, this paper is only accessible in certain geographies

Another year of blistering central bank buying, together with resilient jewelry consumption, offset sizable ETF outflows, reports the World Gold Council.

A Retightening Of Policy Mix: Impact On Growth And Inflation (Macquarie Asset Management)

While a disinflationary trend has emerged, economic growth has proved resilient, especially in the U.S. Analysis suggests that the current mix of easier fiscal policy and tighter monetary policy may revert to a tighter stance in 2024.

Special Edition: Recession Dashboards (Macrobond)

Here are nine charts looking at the risk of recession across key economies.

U.S. Office CRE Mess Is Spread Far And Wide Across Investors & Banks (Wolf Street)

What’s amazing about commercial real estate is just how far and wide mega-losses—by some estimates, they may ultimately amount to $1 trillion—are spread in diced and sliced form globally. Which is a good thing for U.S. banks.

Cluster Of Woe (Hussman Funds)

Hussman’s valuation measures are beyond every extreme in U.S. history prior to March 2021, apart from 5 weeks surrounding the 1929 market peak. Meanwhile, the firm’s most reliable gauge of market internals remains unfavorable.

Private Real Estate Market Forecasts (Natixis IM)

For compliance reasons, this paper is NOT accessible in the United States and Canada

In discussions of Natixis’ 2024 Outlook, many have questioned the projected rebound for European private real estate markets. This report presents supporting analyses to confirm that Natixis remains comfortable with its outlook.

3D Investing: Jointly Optimizing Return, Risk, And Sustainability (Robeco)

While portfolio construction has most often been considered two-dimensional (incorporating risk and return), investing has historically been a multi-dimensional endeavor, with sustainability the latest addition to multi-objective investing.

Infrastructure Debt–Financing A Sustainable Future (BNP Paribas AM)

Private capital can be vital in meeting net zero goals. This includes infrastructure debt, an attractive way for investors to meet their long-term return and income targets and help finance a transition to a low-carbon economy.