July 2021 Top Papers

Cherry Picking: Top Investment Content from July 2021

It's that time again. In our latest monthly review, Savvy Investor's Content Team presents a selection of top institutional investment content uploaded during July. We'd love to know what you think about our selection. Drop us a line at content@savvyinvestor.net.

Within this list, we've included our recently released Special Report, 'Generating Alpha in Fixed Income Portfolios', as well as other top papers from asset managers and consultants on topics as broad-ranging as emerging market economics, infrastructure volatility, and the long-term outlook for the global hydropower industry.

Generating Alpha in Fixed Income Portfolios (Special Report, 2021)

Savvy Investor's latest special report discusses how portfolio construction can be a driver of alpha generation in fixed income portfolios.

Global Asset Management 2021: The $100 trillion machine (BCG, 2021)

BCG presents their 19th annual report on the state of the global asset management industry. Total assets grew 11% in 2020, finishing the year at over $100 trillion.

Quantum Leap (Aviva Investors, Jul 2021)

For compliance reasons, this paper is only accessible in certain geographies

Quantum computing has the potential to disrupt many different sectors, including finance. Aviva Investors discusses the upcoming quantum era and its potential investment implications.

The Incredible Upside Down Bond Market (CFA Institute Research Foundation, 2021)

At present, a large portion of bonds within the global bond market have negative nominal yields. This 116-page publication from CFA Institute Research Foundation analyses the root causes of negative yields, the surprising demand for these assets, and other implications for investors.

Investment Implications of Covid-Induced Debt Overhang (PGIM Fixed Income, 2021)

How are emerging and frontier economies coping with the debt overhang from the Covid-19 pandemic? PGIM Fixed Income presents a framework for this analysis and relates their findings back to the spreads on sovereign bonds.

Revisiting Quality Investing (Amundi, 2021)

For compliance reasons, this paper is NOT accessible in the United States

Amundi Asset Management describes a way to improve upon the traditional quality factor by implementing a cluster-based approach to portfolio construction.

Engagement: Institutional Investor Survey 2021 (Morrow Sodali)

Morrow Sodali's survey on investor engagement was conducted by 42 institutional investors. The survey respondents were asked 19 questions about company engagement, ESG and sustainability, remuneration and voting, and shareholder activism.

Covid-19: One year later – Uncharted waters (CFA Institute, Jul 2021)

CFA Institute presents the results of a survey that was conducted in March on the impact that Covid-19 has had upon capital markets and the investment management industry.

The Volatility of Unlisted Infrastructure Investments (EDHEC, 2021)

Using a database of unlisted infrastructure investments and a model that helps to predict accurate prices of these assets, this paper discusses the management of volatility within this complex asset class.

Preparing for Energy Transition in Infrastructure (McKinsey & Company, 2021)

McKinsey & Company looks at sustainability within the infrastructure industry, especially related to electric grids, energy infrastructure, and real estate.

Retirement Income: Allocation and Spending Strategies (Dimensional, 2021)

Dimensional Fund Advisors studies spending and investment strategies for retirement, analysing a wealth-focused glide path, as well as an income-focused glide path, with various associated spending rules.

Hydropower: Special report and forecast to 2030 (IEA, 2021)

This 126-page report from the International Energy Agency examines the challenges facing hydropower development and the economic environment, providing a 10-year outlook for the hydropower industry.