Talking Heads

The recent UN climate change conference in Glasgow has if anything brought a broader focus on environmental issues and added to the growing awareness and momentum behind the need for positive change, argue Edward Lees and Ulrik Fugmann of the Environmental Strategies Group. Here they identify promising sectors and present their approach to sustainable investing.  Hosted on Ausha. See ausha.co/priv...

The results of the recent COP26 climate change conference fall into the glass half full, glass half empty category. The onus now is on greater efforts to adapt to higher global temperatures as work on mitigating the temperature rise continues, says Alex Bernhardt, global head of sustainability research.    Hosted on Ausha. See ausha.co/privacy-policy for more information.

It has been a challenging year for investors in emerging markets – equities have lagged their developed market counterparts, EM debt has delivered a mixed performance. Covid outbreaks have hampered the economic recovery, while questions have arisen over China’s role as the engine of growth for EM exporters.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Confronted with low, but rising rates and frothy equity valuations, large investors are having to look elsewhere for investments offering both attractive long-run returns and modest to low volatility. Julien Halfon, head of pensions and corporate solutions, discusses the appeal of investing in private markets and harvesting the illiquidity premium while incorporating ESG selection criteria. Listen...

Globalisation, regulation and deregulation, digitalisation and innovation are playing an important role in reshaping economies, sectors and industries and these megatrends are creating thematic investment opportunities for investors. Koye Somefun , head of multi-asset solutions, sets out the characteristics of this approach and discusses the criteria investors should look at.   Hosted on Ausha. Se...

At first glance, bond markets these days may look like deserts – there is little or no yield on offer with large patches appearing barren or even offering only negative yields. That is to ignore a plethora of opportunities, argues Jean-Paul Chevé, head of the Fixed Income Insurance Team within the Specialty Fixed Income Product Group.  Hosted on Ausha. See ausha.co/privacy-policy for more informat...

Investors with China exposure, or an appetite for it, face a raft of issues ranging from slower growth, which may or may not be condoned by Beijing, to toughened and expanded clampdowns on sectors. Add in persistent Sino-US tensions over geopolitics and a revitalised focus on greater common prosperity and this cocktail begs the question: How best to judge the outlook for China? Chi Lo , Senior Mar...

Convertible bonds are hybrid instruments combining bond and equity characteristics. As a result, they offer some equity upside, but with bond-like protection on the downside. If we are at the start of a cycle of rising interest rates, the option investors in these nominal assets (bonds) hold to convert to real assets (equities) could prove invaluable.  Hosted on Ausha. See ausha.co/privacy-policy...

The S&P 500 stock index ended September down by 4.8%, its first monthly drop since January and the largest fall since March 2020. Vincent Nichols, investment specialist for US equities, reviews recent events and the outlook for US stocks.    Hosted on Ausha. See ausha.co/privacy-policy for more information.

At the centre of a pandemic-induced boom, stern regulation efforts and forays into new turf, the technology sector is making almost daily headlines and requires robust research to separate the possibilities from the pitfalls, argues Pamela Hegarty, lead portfolio manager with a focus on information technology and communication services. Hosted on Ausha. See ausha.co/privacy-policy for more informa...

Uncertainty over the macroeconomic landscape and the outlook for monetary policy currently combine with an awareness among investors that by many measures, valuations in public markets are on the high side. David Bouchoucha, head of our private debt and real assets team, talks about the characteristics that make private debt an attractive alternative.   Hosted on Ausha. See ausha.co/privacy-policy...

What will be the consequences of the Covid-19 pandemic for the food and agriculture sector? How is the transition towards more sustainable food production and consumption affected? Agne Rackauskaite, co-portfolio manager of Impax Asset Management’s sustainable food strategy, gives investors her view on the post-pandemic outlook.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

It is a win-win for companies to target the social aspects of doing business, next to environmental responsibility and proper governance, and it can be so for investors as well, argues senior portfolio manager Maria Luz Diaz Blanco . Hosted on Ausha. See ausha.co/privacy-policy for more information.

In mid-June, Fed Chair Jay Powell pulled the rug from beneath the reflation trade by suggesting current inflation pressures were perhaps not transitory after all. Fixed income markets promptly reversed course with 10-year US Treasury yields last week trading as low as 1.25% after ending the first quarter at 1.70%. In this week’s podcast, Olivier de Larouziere, chief investment officer fixed income...

While many parts of the economy had to shut down as the coronavirus pandemic raged, the lights stayed on, water flowed from taps and internet connections buzzed. The crisis has highlighted the importance of the underlying infrastructure and, as Karen Azoulay explains, it was a useful reminder of the solidity of infrastructure debt as an asset class. Listen to the podcast with Karen Azoulay , head...

Addressing ecosystem restoration is just as pressing as tackling CO2 emissions and can generate billions of dollars of investment opportunities, as Ulrik Fugmann and Edward Lees , co-heads of the Environmental Strategies Group, explain. Hosted on Ausha. See ausha.co/privacy-policy for more information.

Emerging market equities offer investors a wide range of diversification opportunities across economies with a solid post-pandemic growth profile that include, but also stretch beyond, China and the wider Asian region. Quang Nguyen, head of global emerging market equities, argues the case for a broad perspective and active portfolio management.  Hosted on Ausha. See ausha.co/privacy-policy for mor...

Thanks to central bank largesse, corporate bond markets weathered the depth of the Covid crisis well. Risks to credit markets today appear low with gradually improving fundamentals, neutral central bank policy and no major supply-demand imbalances.    Hosted on Ausha. See ausha.co/privacy-policy for more information.

On account of the region’s strong economic growth, Asia has a considerable impact on climate change, but at the same time is, perhaps disproportionately, exposed to its effects. That makes engaging with companies and working with the authorities all the more important for investors such as BNP Paribas Asset Management. Paul Milon , Head of stewardship Asia Pacific, explains.  Hosted on Ausha. See...

Fund flows to date have massively favoured US equities, but European equities now have considerable scope to catch up as the economic recovery broadens and investors reassess their valuations relative to their more expensive US counterparts. Peter Abbott , European equities portfolio manager, shares his views.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Climate change and pollution are among the factors reducing biodiversity. The result is considerable damage to society and the economy. Robert-Alexandre Poujade , ESG analyst at our Sustainability Centre, warns not to underestimate the consequences of biodiversity loss and underscores the role investors can play in the battle to contain and reverse current trends.  Hosted on Ausha. See ausha.co/pr...

The economic recovery should broaden into a synchronised global upturn in the course of the second half of this year, favouring risky assets including commodities, equities generally and notably emerging market equities. An equity correction should be seen as a buying opportunity, argues  Christophe Moulin , Head of Multi Asset.   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Inflation has been quiescent in developed economies in recent years. Today, the possibility that we may be on the brink of a secular shift away from the low-flation regime is a topic of intense debate among investors. Nowhere is this more so than in the US where the abundance of fiscal and monetary support is seen by some as irresponsible in creating risks of an inflationary shock. Cedric Scholtes...

Being open to an inclusive growth approach goes hand in hand with a focus on long-term performance and contributes to a better climate for doing business and investment. As investment specialist Ramon Esteruelas and ESG research analyst Delphine Riou argue, it is also good for profitability and can help mitigate business risk.   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Long-term growth trends and innovation continue to create demand for healthcare at a rate that exceeds the pace of economic growth. Jon Stephenson, portfolio manager for  healthcare stocks discusses the factors behind rising healthcare expenditure, the impact of the pandemic and the outlook for the sector.  Hosted on Ausha. See ausha.co/privacy-policy for more information.