Country focus comes to the fore in emerging markets

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It’s been a great year for emerging markets (EM). Through the third quarter, the major EM debt indexes were up sharply, as a lot of things have come together for the sector. There were fundamental improvements in a number of EM countries, although by no means all of them. And valuations were compelling. From a […]

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Market complexity and shift to alternatives turns global insurers to outsourced portfolio management

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Global insurers are turning to alternatives to fill the void left by meager bond returns over the past decade of ultra-low interest rates, reveals Natixis Investment Managers’ global survey of 200 CIOs and investment team members at life, property and casualty and reinsurance firms. A decade on from the financial crisis, investors still face significant […]

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Examining the value of healthcare cost containment

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Nikko Asset Management’s global equities team has an investment philosophy that’s centred on the search for Future Quality in a company. Future Quality companies are those that are able to attain and sustain high cash returns on investment. We sat down with Greig Bryson, Portfolio Manager, to understand how they uncover Future Quality companies in […]

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CPD: Negative bond yields – What does it mean, and what’s the end game?

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Since the beginning of this year, financial markets and expectations have turned decidedly bearish. Concerns about a Sino-US trade war, along with the so-called ‘inversion’ of the US yield curve, have heightened apprehension of a US-led recession. This is highlighted by the recent increase in negative-yielding bonds. As per the chart below, the amount of […]

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Infrastructure debt – the asset class of the moment

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Following AMP Capital’s record US$6.2 billion fundraise, which brought in commitments from 86 institutions in less than a year, Andrew Jones, Global Head of Infrastructure Debt, explains why infrastructure debt is attracting so much attention. After years in the background, infrastructure debt has found itself in the spotlight. Its return profile offers solutions that are […]

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ESG is moving into the mainstream but challenges persist

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State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT) has published major new research outlining the key push and pull factors for environmental, social and governance (ESG) principles adoption across 300 institutional investors globally[1] . Top push factors – drivers of ESG adoption – include a need to meet fiduciary […]

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Advisers should rethink “bucket strategy” in low interest rate environment

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Advisers need to rethink their “bucket strategy” in light of the historically low interest rate environment, and consider changes to cash buckets in order to generate more return for their clients, particularly retirees, says Stuart Dear, deputy head of fixed income at Schroders. “Many retirees rely on their allocation to cash to meet their day-to-day […]

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CPD: Asset allocation – the driver of portfolio returns

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Modern Portfolio Theory, pioneered by Harry Markowitz in 1952, introduced investors to the risk/return trade-off. It focused on how investors can construct a portfolio to maximise expected return for a given level of risk. This allocation of money into investible assets has evolved over time to become an integral part of investing. This article will […]

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CPD: Beyond the conflict, we see solutions

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It has been 50 years since the start of what is locally called ‘The Troubles’—a civil war in Northern Ireland that over a 30-year period lead to the death of over 3,500 people and injured or killed just under 2% of the population. Northern Ireland is where Johnny Russell, portfolio manager, Nikko AM global equity […]

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When sustainable practices yield sustainable profits

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A recent research study from Charles M. Williams Professor of Business Administration at Harvard Business School George Serafeim, conducted in collaboration with Calvert Research and Management, examined about 3,800 companies across 65 industries from 2012 to 2017. This new research, titled “When sustainable practices yield sustainable profits: The path to a strategic edge”, found that […]

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