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.
PGIM's latest Megatrends paper, “The Future Means Business: Investment Implications of Transformative New Corporate Models,” draws on the insights of more than two dozen PGIM investment professionals across our private and public fixed income, equity, real estate and alternatives managers – as well as a new proprietary…
Download Robeco's Expected Returns 2020-2024 report (117 pages). This publication includes our five-year investment outlook for all major asset classes. In four special features we also look at some of the tough questions professional investors face today.
This report is not available for users from countries where…
As we head into the new year, thought leaders from across Wellington Management have come together to share their views on a range of key questions affecting global economic and investment markets.
Nuveen’s investment theme for the coming year is 20/20 vision: a clearer path for growth. The “clearer path” part is pretty straightforward: Our investment leaders think the macro fears that dominated most of 2019 have receded. Monetary policy is easier than it was a year ago, and global recession risks seem to have faded…
Studies have shown that pension funds have inherent biases to their domestic markets within their equity allocations. In this paper, FTSE Russell seeks to understand the impact of home bias in the equity allocations of five large pension fund markets—the US, UK, Japan, Canada, and Australia—by examining the extent of their…
Cheap stocks have been underperforming for the last 18 months, while expensive stocks are overperforming. In fact, current value performance parallels the Tech Bubble and Global Financial Crisis (GFC). This comes as a surprise to many. We have been living through an extraordinary return environment that has, largely, fallen…
The latest J.P.Morgan quarterly 'Guide to the Markets' illustrates a wide array of compelling charts on economic and market-related trends. For other regional versions of the JP Morgan Guide, please click here.
Winner of Savvy Investor Awards - Best Strategy & Economics Paper 2019
Global central banks implemented conventional and unconventional monetary easing afterthe financial crisis. This paper assesses its effectiveness in stimulating aggregate demand through six transmission mechanisms.
This brief paper by JP Morgan AM strategists gives readers a broad overview of the 2020 edition of the firm's Long-Term Capital Market Assumptions (LTCMAs) and provides a context for how they see important structural themes affecting economic outcomes and asset market returns over a 10- to 15-year investment horizon.
The 2020 edition of J.P. Morgan Asset Management's Long-Term Capital Market Assumptions draws on the best thinking of the firm's experienced investment professionals worldwide. Refined and expanded over 24 years, the in-depth, proprietary process behind the creation of the report provides 10- to 15-year risk and return…
An analysis of potential investment returns to the year 2100 led us to consider four themes that we think will have a pervasive influence over the rest of the century: low bond yields, demographics, climate change and technological innovation. All four are interlinked, with feedback mechanisms from one to the other. We…
Populations are aging across the world. This global demographic shift promises great opportunity—and challenge—in the decades ahead. No institutions have a greater stake in the changing demographic frontier than businesses, large and small, that have an integral role to play in realizing the upside of the new and…
Over the next few decades, the weight of economic power and impact of structural megatrends will lean heavily towards the Asia Pacific region. By 2030, Asia Pacific, led by China, will account for nearly half of the world’s output, more than 50% of the world’s urban population growth and almost all of the top 50 global…
Do ESG factors add to, detract from, or have no effect on financial returns in EM equities? Using a detailed, methodical approach, strategists at Candriam seek to answer this question.
Do ESG factors add to, detract from, or have no effect on financial returns in EM equities? Using a detailed, methodical approach, strategists at Candriam seek to answer this question.
Insurance investors are grappling with a world bedevilled by complexity. This M&G Investments paper explores how they can adapt their investment strategies for today's world. Though premiums are still growing in aggregate and claims being paid, the business model is coming under strain and the investment management…
In Wall Street parlance a “tenbagger” is a stock in which you’ve made ten times your money. Investors who talk about tenbaggers tend to be looked at with suspicion. They’re either trying to sell a book or sign people up to a newsletter that promises untold riches. However, investors who talk about tenbaggers in Europe tend…
As the investment industry undergoes accelerating change, the investment professional of the future must adapt and embrace new challenges and opportunities for career success. This report considers how investment industry roles, skills, and careers (the employee’s lens) and the organizational context and culture (the…
Report by CFA Institute and Principles for Responsible Investment (PRI) highlights Best Practices in ESG integration across EMEA.
This best-practice report contains guidance on ESG integration in equity and fixed-income investments and case studies on how ESG integration is “done” by leading practitioners. This …
