AdviserVoiceGlobal Perspective Standard Life Investments Archives - AdviserVoice https://www.adviservoice.com.au/tag/global-perspective-standard-life-investments/ Financial planner information & financial planner education/CPD - AdviserVoice Thu, 23 Jul 2026 20:30:20 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 Real assets, real potential https://www.adviservoice.com.au/2014/08/real-assets-real-potential/ https://www.adviservoice.com.au/2014/08/real-assets-real-potential/#respond Sun, 17 Aug 2014 21:50:12 +0000 https://adviservoice.com.au/?p=32199
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Global Perspective Standard Life Investments

Standard Life Investments, the global investment manager, highlights that investor interest in a range of real assets has been building for some time and that long-term investors are increasingly considering real assets to assist with enhancing portfolio diversification and liability matching.

In the latest edition of Global Perspective Standard Life Investments presents research that looks at the characteristics and prospects of the various assets that are categorised as real, such as inflation linked bonds, commodities, real estate or farmland, and assesses how well they meet investor expectations.  The report gives detailed consideration of sources of returns, duration, liquidity, whether the assets are readily available and quoted on markets or private and unlisted and whether the available instruments are bonds, equities or somewhere between.  These factors influence the success or otherwise of real assets when it comes to providing effective diversification and generating a real return over inflation throughout the cycle.

Frances Hudson, Global Thematic Strategist, Standard Life Investments, said: “Real assets are favoured for diversification potential, arising from a lack of correlation with other assets and with each other, and also for their inflation hedging properties, making them very powerful in portfolio construction.  Significant changes are taking place that could broaden the appeal of real assets to global investors, including banks scaling down their exposure to real estate, infrastructure and commodities.
“In addition, the traditional division between bond-type real assets and those with equity-like characteristics is being blurred as new instruments are introduced and new avenues for investment are opened such as real estate debt funds and securitisation linked to infrastructure.   While real assets are increasingly attracting attention, a careful and considered approach is essential in relation to the selection and location of assets.”

The report, entitled ‘Real Assets, Real Potential’ assesses the credentials of real assets for providing effective diversification and generating a real return over inflation throughout the cycle. It concludes that while they are not a panacea for investors – such investing is frictional, returns can be lumpy, entering and exiting positions long drawn out and asset valuations subject to significant moves – those investors with the expertise and patience to invest directly can reap significant and sustainable returns.

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INVBGEN_14_1079_GLOBAL_PERSPECTIVE_AUG-TCM-1-250
Global Perspective Standard Life Investments

Standard Life Investments, the global investment manager, highlights that investor interest in a range of real assets has been building for some time and that long-term investors are increasingly considering real assets to assist with enhancing portfolio diversification and liability matching.

In the latest edition of Global Perspective Standard Life Investments presents research that looks at the characteristics and prospects of the various assets that are categorised as real, such as inflation linked bonds, commodities, real estate or farmland, and assesses how well they meet investor expectations.  The report gives detailed consideration of sources of returns, duration, liquidity, whether the assets are readily available and quoted on markets or private and unlisted and whether the available instruments are bonds, equities or somewhere between.  These factors influence the success or otherwise of real assets when it comes to providing effective diversification and generating a real return over inflation throughout the cycle.

Frances Hudson, Global Thematic Strategist, Standard Life Investments, said: “Real assets are favoured for diversification potential, arising from a lack of correlation with other assets and with each other, and also for their inflation hedging properties, making them very powerful in portfolio construction.  Significant changes are taking place that could broaden the appeal of real assets to global investors, including banks scaling down their exposure to real estate, infrastructure and commodities.
“In addition, the traditional division between bond-type real assets and those with equity-like characteristics is being blurred as new instruments are introduced and new avenues for investment are opened such as real estate debt funds and securitisation linked to infrastructure.   While real assets are increasingly attracting attention, a careful and considered approach is essential in relation to the selection and location of assets.”

The report, entitled ‘Real Assets, Real Potential’ assesses the credentials of real assets for providing effective diversification and generating a real return over inflation throughout the cycle. It concludes that while they are not a panacea for investors – such investing is frictional, returns can be lumpy, entering and exiting positions long drawn out and asset valuations subject to significant moves – those investors with the expertise and patience to invest directly can reap significant and sustainable returns.

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]]> https://www.adviservoice.com.au/2014/08/real-assets-real-potential/feed/ 0 China – growth and the problems of growth https://www.adviservoice.com.au/2013/08/china-growth-and-the-problems-of-growth/ https://www.adviservoice.com.au/2013/08/china-growth-and-the-problems-of-growth/#respond Mon, 05 Aug 2013 21:35:11 +0000 https://adviservoice.com.au/?p=23599

Increasing uncertainty about growth in China.

In the latest edition of Global Perspective Standard Life Investments, the global investment manager, examines the range of complex issues facing the Chinese authorities, warns about major downside risk, and looks ahead to a series of important structural reforms which are required to rebalance growth.

Standard Life Investments’ report highlights that economists’ forecasts for Chinese growth are likely to be downgraded further over the next year. The investment manager believes that while a genuine near-term hard landing is still a risk rather than a central scenario, the risks have increased and the widespread confidence that the central authorities can effectively choose how quickly the economy will grow has been exaggerated.

Jeremy Lawson, Senior International Economist, Standard Life Investments, said: “The growth model that has served China so well over the past two decades is certainly breaking down and there is more uncertainty that the improvement in employment prospects and real incomes that have been promised will ultimately come through.

Moreover, at some point a “reset” may be necessary to put the economy on a more sustainable path, even if it means a short period of very weak growth. “The implications of this new reality are currently being priced into financial markets; our House View has been tactically Light in emerging Asian assets for some time. As far as the Chinese stock market itself is concerned, our view is that as long as a major crisis is averted, then much bad news is already priced into the local stock market.”

The nature of the structural reforms that are announced at this autumn’s party conferences will be an important trigger for investors to assess where next to position their portfolios for the China story. A cautious approach to reform may help prop up growth in the very near term but it would probably come at the cost of making internal imbalances worse and thus the eventual unwind more economically and socially disruptive.

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Increasing uncertainty about growth in China.

In the latest edition of Global Perspective Standard Life Investments, the global investment manager, examines the range of complex issues facing the Chinese authorities, warns about major downside risk, and looks ahead to a series of important structural reforms which are required to rebalance growth.

Standard Life Investments’ report highlights that economists’ forecasts for Chinese growth are likely to be downgraded further over the next year. The investment manager believes that while a genuine near-term hard landing is still a risk rather than a central scenario, the risks have increased and the widespread confidence that the central authorities can effectively choose how quickly the economy will grow has been exaggerated.

Jeremy Lawson, Senior International Economist, Standard Life Investments, said: “The growth model that has served China so well over the past two decades is certainly breaking down and there is more uncertainty that the improvement in employment prospects and real incomes that have been promised will ultimately come through.

Moreover, at some point a “reset” may be necessary to put the economy on a more sustainable path, even if it means a short period of very weak growth. “The implications of this new reality are currently being priced into financial markets; our House View has been tactically Light in emerging Asian assets for some time. As far as the Chinese stock market itself is concerned, our view is that as long as a major crisis is averted, then much bad news is already priced into the local stock market.”

The nature of the structural reforms that are announced at this autumn’s party conferences will be an important trigger for investors to assess where next to position their portfolios for the China story. A cautious approach to reform may help prop up growth in the very near term but it would probably come at the cost of making internal imbalances worse and thus the eventual unwind more economically and socially disruptive.

The post China – growth and the problems of growth appeared first on AdviserVoice.

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