Investment research on the markets outlook, covering the global economy and all major asset classes. Most articles in this section naturally cover the short-term (e.g. 3-12 month) outlook for economies and markets. However, the most downloaded research tends to be white papers which are educational, theoretical or long-term - more "evergreen" in nature. For instance BofAML's Transforming World Atlas looks at the global allocation of resources, while a Society of Actuaries paper surveys the literature on the impact of...
baby boomer retirements on future equity prices. Also popular are papers which forecast long-term investment returns over a five or ten-year time horizon. Some papers taken an even longer perspective, looking back on hundreds of year of data to draw conclusions, perhaps about commodity supercycles or long-term interest rates. These academic studies on the nature of investment markets are illuminating, and serve to complement the shorter-term perspective addressed in most investment research. In terms of the regular investment reports, the most viewed papers include the JP Morgan Guide to the Markets, the Goldman Sachs Global Equity Outlook and Standard Life's Global Outlook. To filter these papers by market interest (e.g. global economics, strategy, fixed income etc) please make the appropriate selection from the main menu.
This white paper is the third in a series. First, it introduces a new equity market valuation metric that outperforms the traditional ones. Second, it reveals 10 largely unknown but highly significant facts about the U.S. economy and financial markets, which improve investors’ ability to navigate market moves. Third, it re-…
Winner of Savvy Investor Awards - Best Asset Allocation Paper 2021
Oliver Wyman Forum asks why stock market valuations in the United States varied so much throughout history. Relative to historical benchmarks, are valuations in recent years as extreme as commonly believed? And why have margins also varied so much and…
Featured Papers and Interviews with Industry Thought Leaders
Over the past century, the global economy has transitioned from being dominated by agriculture and manufacturing to being powered primarily by services. Services now represent three-quarters of the workforce in developed markets and generate two-thirds of…
In this eleventh edition of Robeco's annual five-year outlook, they are incorporating climate change for the first time as a medium-term risk affecting return forecasts for asset classes. The effect that climate change policies, such as legislation following the European Green Deal, will have on asset prices is one of the…
China has emerged from the coronavirus pandemic with renewed confidence after it was one of the first countries to achieve positive growth post-Covid. The way in which China contained the virus, and how rapidly the Chinese economy recovered, has impressed institutional and private investors alike. The swift recovery and…
Real assets are tangible, physical assets that have an inherent value deriving from their attributes and usefulness. The asset class includes commodities, land, precious metals, real estate, equipment and machinery, and natural resources. Occasionally, this definition is expanded to include an element of inflation protection…
Dimensional Fund Advisors study the performance of different investment and spending strategies for retirement. Investment strategies include wealth-focused glide paths that combine equities with short-term, high-quality fixed income. They also consider an income-focused glide path that combines a moderate equity allocation…
The key theme of this year’s report, the ‘S’ pillar of ESG (environmental, social and governance) investing, is highly pertinent. As politicians and policy makers across the world aim to ‘build back better’, Create-Research and DWS believe they need to take the time to fully understand the social part of ESG.
In PGIM’s new Megatrends paper, they propose an actionable climate-change agenda that addresses both hidden portfolio vulnerabilities and potential opportunities in the transition to a lower-carbon world. PGIM's research draws on the insights of more than 40 PGIM investment professionals, 30 leading policymakers, scientists…
In recent years, global equities had slightly outpaced market forecasts for lower equity returns. Then the COVID-19 pandemic hit the global economy, putting an end to the 10- year bull market. Equity markets have now started to recover, but the pandemic introduced and exacerbated challenges that we expect to subdue financial…
The perception that passive funds merely follow a simple low-cost rules-based style that mimics its chosen broad indices remains ingrained in the investor psyche, especially in the US. This holds that such funds do not exercise their voice often enough to influence their investee companies’ carbon footprint and lift the…
Baillie Gifford's U.S. Equities Team’s optimistic look ahead to the next decade, including the enduring power of Moore’s Law, the potential for hyper-connected networks and how innovators will drive the circular economy.
Diversification is considered a core tenet of finance. However, if diversification is not done properly investors can find themselves surprised by ineffective portfolio positioning. Northern Trust AM believes a factor approach supports true diversification by helping better understand underlying risk exposures and sources of…
Join LGIM experts as they discuss the risks and opportunities facing investors seeking to gain access to Europe's energy transition, with a particular focus on wind, solar, battery storage and hydrogen infrastructure.
Invesco Investment Solutions develops capital market assumptions (CMAs) that provide long-term estimates for the behaviour of major asset classes globally. The assumptions, which are based on a 10-year investment time horizon, are intended to guide strategic asset allocations. For each selected asset class, Invesco developed…
Invesco Investment Solutions develops capital market assumptions (CMAs) that provide long-term estimates for the behaviour of major asset classes globally. The assumptions, which are based on a 10-year investment time horizon, are intended to guide strategic asset allocations. For each selected asset class, Invesco developed…
Updated annually, the Global Private Markets Review offers the best research and insight into private equity, real estate, debt, infrastructure, and natural resources.
In this webinar, Nuveen discuss the results of their recent institutional survey and several additional issues that portfolio managers are currently having to contend with, including the search for yield, climate priorities, and how best to address diversity.
In the first quarter 2022 edition of Risk & Reward, Invesco provides a broad insight into their research capabilities. From multi-period portfolio selection to ESG return optimisation, new applications for attribution analysis to AI-assisted coverage of earnings calls.
