Briefings

  • Eric Lascelles
    Features

    Briefing: Central bank about-turn bolsters gold

    February 2020 (Magazine)

    Gold is unlike any other commodity. It has few industrial applications of any note. It is widely used in jewellery partly because of its aesthetic appeal but also in many cases as a form of investment. Central banks distance themselves from acknowledging the precious metal as a kind of universal currency yet still keep thousands of tonnes of it locked away in their vaults.

  • cryptocurrencies an asset
    Features

    Are cryptocurrencies an asset class for institutional investors?

    February 2020 (Magazine)

    Cryptocurrencies are sweeping the world in terms of news headlines but how should institutional investors react?

  • Richard Pereira
    Features

    Where insurers are placing their money

    February 2020 (Magazine)

    Insurers’ investment decisions can influence economic growth and developments in capital markets

  • Guillermo Felices
    Features

    The proof of the Brexit pudding is in the eating

    February 2020 (Magazine)

    Brexit “got done”, to paraphrase the British prime minister, at the end of January. But the exact form it will take is still to be determined

  • Euro-zone corporate debt has become riskier
    Features

    Asset management faces systemic risk questions

    January 2020 (Magazine)

    When will the next financial crisis hit? Over 80% of respondents among a sample of 500 institutional investors surveyed by Natixis Investment Managers expect a crisis to take place within the next five years.

  • per uk linnemann
    Features

    iTDFs: A formula to end retirement blues?

    December 2019 (Magazine)

    All over the world, the financial industry is grappling with the ‘ideal’ post retirement investment strategy and with how best to pay out income in retirement. There is an arms race and the question is the following: who will win the retirement agenda? 

  • argetina emd
    Features

    Emerging market debt: Argentina makes investors cry

    December 2019 (Magazine)

    Who needs Pennywise the terrifying clown when one has Argentine bonds in their investment portfolios?

  • giles swan and james duvall index
    Features

    Ongoing UCITS fees are falling

    December 2019 (Magazine)

    UCITS are an example of EU financial innovation and a global success story. With €10.1trn in total net assets, UCITS help global investors save for financial goals, including retirement, education, and housing. 

  • John Arnesen
    Features

    Briefing: Peer-to-peer securities lending

    December 2019 (Magazine)

    The words scale, operational efficiency and lower cost feature regularly in the State Street discussion of its new peer-to-peer securities lending product. Direct Access Lending enables direct, principal loans between its lending clients and its borrowing clients. 

  • jason williams
    Features

    Briefing: There is still room for growth

    November 2019 (Magazine)

    Equity investors putting faith in growth stocks – stocks that are priced expensively relative to fundamentals because they are expected to grow fast – received a shock in early September when they sold off sharply.

  • dan aylott
    Features

    Briefing: Alternatives to large-cap buyouts

    November 2019 (Magazine)

    Large buyout funds are a staple ingredient in many institutional pension funds’ private-equity portfolios. Focusing on more diversified private-market strategies could be a better way to achieve return objectives

  • Features

    PEPP: More questions than answers

    November 2019 (Magazine)

    Many issues remain to be clarified concerning the PEPP

  • ecb deposit rate
    Features

    Briefing: Draghi’s parting gift on ECB stance

    October 2019 (Magazine)

    If anyone in Europe was left in any doubt on 11 September about the dovishness of the European Central Bank (ECB) under Mario Draghi’s leadership, by close of business on the next day their doubts were surely dispelled. On that day the outgoing president of the ECB unleashed a bout of monetary easing, in an attempt to boost euro-zone inflation from 1% to its target of “below, but close to, 2% over the medium term”.

  • effective federal funds rate
    Features

    Briefing: US makes rapid turnaround

    October 2019 (Magazine)

    Father Christmas delivered a sack of coal to equity markets last Christmas Eve, with the S&P 500 index losing 1.8%, following a three-day slide. Forecasters had previously been expecting two or three rate hikes in December, as Federal Reserve chairman Jerome Powell steered that discussion. He had mistakenly assumed that the economy had not yet reached a normal, neutral level but it already had, forcing him to backtrack.

  • president emmanuel macron and chancellor angela merkel
    Features

    Briefing: Deep tensions threaten EU vision

    October 2019 (Magazine)

    This is not a commentary on the UK within or without Europe. Brexit has been a compelling distraction but it is one macroeconomic strand in a complex world. The overwhelming coverage has also moved attention away from key internal tensions within the European project. 

  • german asset allocation
    Features

    Briefing: Coping with lower for much longer

    October 2019 (Magazine)

    German institutional investors have shifted their asset allocation due to low bond yields

  • yield on 10 year german government bonds
    Features

    Briefing: The cliff-hanger of European banks

    September 2019 (Magazine)

    It has been a bad decade for European financials, with share prices still a fraction of their pre-crisis highs

  • Features

    Briefing: Give credit to CDS indices

    September 2019 (Magazine)

    DB pension funds could benefit from synthetic credit exposures provided by credit default swap indices

  • tourism accounts for a large part of sri lankas economy
    Features

    Briefing: Sri Lanka after the bombings

    September 2019 (Magazine)

    The tragic Easter Sunday bombings have devastated tourism, a key plank of the economy

  • screen shot 2019 04 30 at 14.24.30
    Features

    China: To be or not to be

    May 2019 (Magazine)

    Investors are divided on whether to classify Chinese equities as a distinct asset class