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.
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…
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…
Wellington Management's 2021 Investment Outlook Hub, updated to now include all 6 of their 2021 Outlook papers collated into one place.
Papers feature a wide range of asset classes including both mainstream (Economic, Fixed Interest and Equities) and those more specialist areas of investing, including ESG and…
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,…
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 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…
Trends and thematic investment strategies have enjoyed quite some popularity over the past few years. This can largely be explained by their attractive narrative and – in some cases – good short-term investment results. Yet, not all trends and thematic strategies are born equal. Some offerings are clearly better than others…
The world changed in March 2020. Almost overnight, the COVID-19 pandemic strained health care systems to the breaking point, put much of the global economy on an indefinite hiatus and radically reshaped societal norms and interactions. For businesses everywhere, these events are undermining established assumptions while…
PGIM’s IAS team has joined with GIC EIS to integrate liquidity measurement and cash flow management into a multi-asset, multi-period portfolio construction process. In today's climate, investors are increasingly faced with the difficult choice between potentially higher returns and greater liquidity. Given market uncertainty…
The pandemic – and response to it – will remain one of the big uncertainties facing investors in the early part of the new year. There are, however, several other factors that may come into greater focus as 2021 progresses. For instance, the potential market implications of the new political landscape in Washington, D.C. go…
Growth opportunities are plentiful in emerging markets thanks to strong secular tailwinds — but they are company-specific. Identifying strong growers within a changing opportunity set is key to unlocking the potential of this asset class, suggests Jennison Associates.
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.
Adam Berger, CFA, Wellington's Multi-Asset Strategist, updates his thinking on the COVID pandemic, inflation prospects, and provides a road map for portfolio responses.
In recent years, institutional investors have turned to private investments – private equity, private debt and private real estate – in search of higher returns. Simply having the word ‘private’ in front of any investment seems to conjure up higher expected returns among investors. Asset flows confirm this view: all three…
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…
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…
The last 30 years have seen a steady growth and acceptance of alternative asset classes in institutional portfolios as investors seek diversified sources of income and return. These asset classes are sometimes called illiquid or private asset classes because one important characteristic is that they are not publicly listed…
This annual report by Franklin Templeton provides annualized return expectations over a longer-term horizon across all asset classes. With short-term interest rates and government bond term premia remaining below historical averages, the authors see lower performance potential from government bonds, dragging down asset…
The year 2020 saw the global economy plunged into economic turmoil. Unlike many past crises, this one was unique in that it was not economic in origin but started as a health crisis. The COVID-19 pandemic rapidly impacted the economy through lockdowns across the globe, which stymied economic activity and caused an…
