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Featured Investment Papers: December 2021

Featured Content from Leading Asset Managers

Savvy Investor presents a selection of featured content from top asset managers for December 2021.

This month's assortment of papers includes several that touch upon some of this year's more dominant investment themes. Commentators explore aspects of the Chinese equity market, inflation and supply chain disruption, and why understanding more about the limitations of one's ESG data is a crucial element in the investment process. Professor Aswath Damodaran pens an interesting piece on the interaction between CEOs, corporate life cycles, and stock prices.

The Savvy Investor team thanks all our partners and members for their continuing support during what turned out to be another eventful year, and wishes everyone a safe and happy holiday season!

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Preferred Stocks and Hybrids: A market sweet spot? (FTSE Russell, Nov 2021)

FTSE Russell introduces their new FTSE U.S. Preferred Stock & Hybrids Index series which they think investors might find pertinent as these assets could offer a degree of protection for investors in both fixed income and risk assets in the current macro environment.

Trading in the China A-Share Market (Dimensional Fund Advisors, Nov 2021)

Dimensional Fund Advisors investigates in some detail the China A-share market, given increasing participation by foreign investors, and suggestions by some investment consultants that China should be a distinct component within most portfolios.

2021 Global Insurance Report (BlackRock)

For compliance reasons, this paper is only accessible in the United States and Canada

As many economies make a strong restart following mass vaccinations and unparalleled financial stimulus from central banks, 362 senior insurance executives across the globe have shared with BlackRock their experiences and perspectives on the global insurance industry.

Africa 2021: A continent of opportunity (Invesco)

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

Invesco’s detailed report examines the prospects for Africa country by country, as it believes that the continent will be THE economic and investment story of the century.

A Silent Revolution: Private markets survey report (State Street/Mercatus, 2021)

The State Street/Mercatus survey gives detailed insights into institutional attitudes to investing in private markets assets and outlines some of the challenges investors face.

Video Roundtable: Inflation & supply chain disruptions (Diamond Hill CM, 2021)

In this video roundtable, Diamond Hill Capital Management explores some of the impacts that disruption caused by supply chain issues and other inflationary stresses is having on global companies.

Boosting Portfolio ESG Scores Means Knowing Your Data (Intech, Dec 2021)

For compliance reasons, this paper is only accessible in the United States and Canada

Intech suggests that the first step in a commitment to ESG investing is understanding the data used in the investment process. Knowing the limitations of any data set prior to implementation is key to avoiding pitfalls once the data is integrated into the investment process.

The Role Bonds Play in a Portfolio (Capital Group, Nov 2021)

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

Despite the low yields currently available on fixed income, Capital Group argues that the asset class still provides a vital function in portfolios, acting as a source of capital preservation, diversification, inflation protection and income generation away from equities.

CEOs and Stock Prices Across the Corporate Life Cycle (Aswath Damodaran, 2021)

Aswath Damodaran, Professor of Finance at the Stern School of Business at NYU, examines some of the characteristics that many investors think contribute to making a ‘great CEO’, and concludes there is no right answer, particularly as companies evolve along a life cycle.

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