According to reports, global bond ETFs had their best quarter on record in the first quarter of 2017 with $44.5bn of inflows
Emerging markets have smaller safety nets, making them prone to boom and bust cycles
The robotics and automation theme has been gaining a lot of attention recently for good reasons. There is an industrial revolution emerging across all industries as they realise that the new tools and applications being developed will be highly disruptive to existing business models. These new technologies cover everything from autonomous cars and delivery drones to surgical tools.
Most active managers do fail to beat their indices. However, the key word here is ‘most’
Value has outperformed growth over the long term, but over the past decade value has endured its longest and one of its weakest periods of relative performance on record
For bond investors, who lack a shareholder vote, covenants are the G (or corporate governance) in ESG
It is impossible to know how today’s CIOs will look back on their actions in the 2010s. But, we still have time to avert the worst of runaway climate change
In fixed income, no-one has ever really known how the research impacts on investment costs
Private responses to my recent article about investors who do ‘BS’ stewardship have raised two key questions
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“A growing body of research shows ESG factors are a material credit risk for fixed-income investors”
Words matter, but sometimes they can get in the way. Impact investing, mission-based investing, responsible investment, double and triple-bottom-line investing, ESG factors, and even sustainable investment. All of these terms can have both positive and negative connotations for investors.
“The potential impact of climate change on investments should be considered at least on an annual basis”
“CFA curriculum material should become more future-oriented and address awkward topics”
“The responsibility for making our profession more representative of the society we serve ultimately sits with all of us”
Pension systems everywhere are either struggling to manage the shift from defined benefit (DB) to defined contribution (DC) or contemplating the journey
“The selection of a benchmark is secondary to many other provisions for encouraging long-term behaviour”