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.
The coronavirus pandemic of 2020/21 may have fundamentally altered the relationship between workers and their office environments. For the first time in recorded history, a devastating virus forced countries across the globe to mandate lockdowns. Entire working populations had to remain at home, and in many cases businesses…
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…
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…
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.
The pandemic’s arc and its impact on political and policy developments are resetting expectations and will continue to define the investment landscape. The interplay of these three critical fronts – the pandemic, politics, and policy – will have implications for portfolio allocations extending far beyond the coming year,…
Content that Converts: Engaging and influencing institutional investors
The latest report from Savvy Insights provides asset management marketing and client-facing teams with specific data, practical tips, upcoming content trends and topic forecasts for engaging institutional investors. Check out the 10 Content…
The financial system as investors have known it for many decades is dealing with a new reality of negative interest rates and yields. Behind this phenomenon lie many factors and their consequences that are important for every financial professional to understand. In a levered financial system, central banks globally have had…
The credit markets are finally embracing quantitative investing and this paper provides an in-depth primer to quant credit. Readers will learn about the dynamics of systematic trading, the factors employed in quant models, and the future paths this rapidly-evolving strategy is likely to take.
Market observers are expecting global growth to accelerate in the second half of 2021, with a number of economies pursuing expansionary fiscal and monetary policies in order to support their recovery. Emerging markets in particular are expected to benefit from the massive U.S. fiscal stimulus package being put together by…
Investors have a bond problem. Every crisis brings new lows in government bond yields and predictions of the end of bonds as an asset class. Investors are now questioning the logic of hedging expensive equities with expensive bonds, but is there really a viable alternative?
Overall, real assets have weathered the volatility of 2020 reasonably well. Investors continue to turn to real assets to help them achieve their investment goals and objectives – whether for income generation, capital growth, liability matching, or portfolio diversification. That said, making an allocation to real assets…
2020 was the year of the pandemic, instant recession, and US election drama, while UBS AM think 2021 is poised to be the year of vaccines and a more durable, comprehensive economic reopening. Dive inside their Panorama report to see what their attention is focused on for 2021.
The recovery from COVID-19 in Asia is a story of two tales. Most Northern Asian markets have now recouped initial losses incurred in early 2020, while less-developed Asian countries continue to suffer as they struggle to contain the virus. But although it’s hard to escape headlines and concerns about the longer-term impact…
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…
Deep Water Waves represent the powerful long-term drivers that face investors; fundamentally altering the economic, political and public policy foundations for asset prices. Accelerated by Covid-19 and intensified by socioeconomic pressures, climate change and geopolitics, these forces will exert themselves on every facet of…
This first report was accomplished with the desire to clarify the events that were unfolding globally as a result of the health measures put in place to address the epidemic. CFA Institute already had declared that the 2020 crisis was an unprecedented event compared with previous historical crises. It has forced policy…
Many factors can explain return attribution differences in credit portfolio returns – curve, interest rate positioning, sector allocation, and security selection. Solid bottom-up fundamental credit research is certainly a cornerstone of any successful corporate bond management strategy, as most managers generally achieve a…
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…
Different narratives are evolving at this point in time, leading to higher uncertainty in the market. The monetary narrative is the clearest and most advanced one. Central bank mandates are evolving from being anchored to keeping inflation under control, to a situation where extraordinary monetary policy becomes the new…
Out of a crisis comes opportunity, and the worst of the crisis has passed. The last few months have suggested that 2021 may be a significantly better year for the global economy and real estate markets as compared to 2020. In PGIM Real Estate’s Global Outlook, the firm illustrates why they are optimistic, and identifies the…
