Long-Term Themes for Institutional Portfolios
Aside from adopting a position on market caps, styles, or sectors, equity allocations can also be structured to align with long-term investment themes. These thematic allocations are often agnostic to sector, style, and other market-related considerations that typically govern equity portfolios. In the first paper below, Lazard Asset Management describes other merits of a thematic approach and recommends a diversified allocation of five to ten specific themes.
Could there be a new inflationary regime around the corner, and what would the implications be for global assets? Has loose monetary policy propelled financial markets into another bubble? How is the asset management industry responding to the emergence of certain secular trends?
THEMATIC AND SECULAR INVESTMENT PAPERS
Lazard Asset Management describes the process of building a portfolio around five to ten themes that represent long-term, structural shifts within equity markets.
For compliance reasons, this paper is only accessible in certain geographies
Capital Group presents ten secular investment trends that long-term investors should be mindful of over the coming decade.
What are the factors that govern corporate profitability? PGIM Fixed Income has identified five of the factors that are statistically most significant in determining corporate profits.
Is it possible to confidently state whether speculative bubbles exist, and are we currently in one? CFA Institute explores this and many more questions about past and present bubbles in financial assets within this 328-page paper.
For compliance reasons, this paper is NOT accessible in the United States
Amundi Asset Management points towards the emergence of a new inflationary regime and discusses the implications of higher inflation for global multi-asset investors.
Investment strategists from Man Group analyse the impact of inflation risk on passive and active investment strategies across a variety of asset classes in the U.S., the U.K., and Japan over the past 95 years.
Robeco's 90-minute video explores thematic and trend investing from a variety of angles via interviews and panel discussions. How are structural changes identified and how are transformative megatrends capitalised upon?
For compliance reasons, this paper is only accessible in the UK & Europe
WisdomTree offers a decision-making framework to aid investors in their selection of thematic investment funds.
This white paper from the World Economic Forum looks at several ways in which asset management firms are integrating secular trends such as climate change, demographic shifts, and technological innovation into their investment practices.
CFA Institute has transformed its annual conference, with a binge-worthy format and an exciting slate of speakers who will challenge and inspire. The event takes a fresh look at the role of finance in addressing the most pressing issues. See how finance professionals can change the industry in unexpected ways.