Talking Heads

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.

Green bonds have grown and matured as a fixed-income segment over the past decade. The need for climate action has spurred a raft of green projects and activities that combat climate change and other environmental challenges and seek to contribute to a net zero world. Felipe Gordillo and Xuan Sheng Ou Yong answer four questions on this growing market and its outlook.  Hosted on Ausha. See ausha.co...

The outlook for US interest rates is shifting towards a normalisation of central bank policy now that the economic recovery appears to be entrenched. Ken O’Donnell, head of short duration fixed income, discusses how investors could tackle this challenge.    Hosted on Ausha. See ausha.co/privacy-policy for more information.

Asian equities rode high early in the year amid optimism over the recovery in China, the new US administration and improved relations with China, and the advent of vaccines. The outlook for investor flows into much of the region remains positive, even after a recent valuation-related setback.  Zhikai Chen, head of Asian equities, discusses the prospects for the asset class this year.   Hosted on A...

Eliminating carbon dioxide emissions over the coming decades will require multi-billion dollar investments, as well as a wide range of efforts to reduce energy consumption, increase efficiency, electrify and decarbonise processes, and nurture alternative fuels to economic viability. As Thibaud Clisson , senior ESG analyst at our Sustainability centre explains, there are more and more technologies...

Applying factors when selecting corporate bonds for investment helps build a portfolio with a performance that can be shown to be resilient when markets face rising interest rates and increased volatility. Olivier Laplenie and Charles Cresteil explain.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Bond investors may well need to change tack as they navigate a positive outlook for economic growth and the implications that currently has for fixed income returns. Alex Johnson , head of multi-strategy fixed income – absolute return, explains. Hosted on Ausha. See ausha.co/privacy-policy for more information.

The pandemic has led to greater awareness of environmental, social and governance (ESG) issues, both in a personal and business sense. This has reinforced the case for ESG investing as a way to do good while also targeting positive returns. Gabriel Wilson-Otto explains.   Hosted on Ausha. See ausha.co/privacy-policy for more information.

Massive financial support from governments and central banks during the lockdowns in 2020 underpinned valuations for European high-yield bonds. The secret to doing well this year will be a total return approach allied to a keen eye for pockets of value, argues high-yield bond portfolio manager Olivier Monnoyeur .  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Market mechanisms can play an important role in managing the energy transition. In two markets, recent developments have signalled potential shifts: carbon prices appear to be heading higher in anticipation of the introduction of green hydrogen, while the cost of offshore wind could jump as competition heats up. Chief sustainability strategist Mark Lewis explains.  Hosted on Ausha. See ausha.co/pr...

Markets in private debt and real assets offer investors potential for meaningfully positive returns with diversification. David Bouchoucha , head of private debt and real assets, discusses the opportunities of this alternative investment segment. He underscores how important sustainability is in constructing a resilient portfolio.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

The pandemic has underscored existential problems, climate change in particular. This is spurring a wave of awareness, ambitious projects and investments in technology that will be crucial for decades to come. Edward Lees, co-portfolio manager in our environmental strategies investment group, explains. Hosted on Ausha. See ausha.co/privacy-policy for more information.

US government spending to help the economy cope with the dire consequences of COVID-19 looks set to reach record peacetime levels, but absent a boost to inflation, it is unlikely to set in motion a push for higher interest rates anytime soon. Senior US economist Mark Allan explains.  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Equities look set for a positive 2021: last year’s themes and secular change should persist with support coming from factors such as dovish monetary policies. However, risks linger, not least those related to the pandemic. Overall, this constellation makes for a stock pickers’ market, argues Guy Davies, CIO of Equities.  Get more on: https://investors-corner.bnpparibas-am.com/  Hosted on Ausha. Se...

  A finite resource in ever growing demand, water represents a durable growth area in both developed markets suffering from underinvestment and emerging markets in need of more infrastructure. As the appreciation of quality water and improved food and health standards grows – not least in the wake of the COVID crisis – so should our endorsement of the breadth of investment opportunities the sector...

Eurozone interest rates are “at the floor” of the short end of the government bond yield curve, pushing investors towards the longer end as they seek areas in fixed income that can still offer an attractive yield. Olivier De Larouziere, global head of multi-strategy group – fixed income, talks to chief market strategist Daniel Morris about the opportunities in the asset class.  Get more on: https:...

Underperformance of multi-factor equity investing in 2020 has led some investors to question the strategy. Raul Leote de Carvalho, deputy head of our quantitative research group, discusses the reasons behind the underperformance with Daniel Morris, chief market strategist. The conversation focuses on the findings of a new research paper by the quantitative research group. This paper, entitled “ Eq...

How can investors navigate the next phases of the pandemic, its legacy, and the ensuing economic recovery? Can we solve the climate crisis at the same time as the world tackles the social and economic problems laid bare by the pandemic? Daniel Morris , chief market strategist, discusses BNP Paribas Asset Management’s investment outlook for 2021.      Get more on: https://investors-corner.bnppariba...

A combination of factors is leading global bond investors towards the Chinese bond market. Jean-Charles Sambor, head of emerging market debt, and Daniel Morris, chief market strategist, discuss the rise of Chinese fixed income in our weekly podcast.   Get more on: https://investors-corner.bnpparibas-am.com/  Hosted on Ausha. See ausha.co/privacy-policy for more information.

Asian equities have come through the pandemic standing tall and the prospects are for a continued strong run as household wealth rises and economies grow. Zhikai Chen, head of Asian equities, lays out the case to Daniel Morris, Chief Market Strategist.    Get more here: https://investors-corner.bnpparibas-am.com/      Hosted on Ausha. See ausha.co/privacy-policy for more information.

The main factor determining the US economic outlook has been and will be the course of the pandemic, with the incoming administration’s ability to deal with its effects on the economy and business handicapped by its curtailed legislative power. Dominick DeAlto , CIO fixed income, and Chief Market Strategist Daniel Morris discuss the implications for bond investors and pinpoint the opportunities.  ...

Changing awareness is driving a shift in consumers’ relationship with food, limiting their appetite for animal products and boosting their interest in the environmental, social and health aspects of what ends up on their plates. Food industry research analyst Agne Rackauskaite talks to Chief Market Strategist Daniel Morris about the numerous opportunities this greater consciousness is creating in...