This white paper explores how RegTech and the Cloud can support a compliance team to create a more efficient way of working.
This white paper explores how RegTech and the Cloud can support a compliance team to create a more efficient way of working.
■ Yield curve changes are being driven by unconventional policies and technical factors, which make the moves harder to interpret.
■ Curve flattening in 2016 has resulted from changes to money market rules at the short end and central bank purchases at the long end.
■ Banks, municipalities and other borrowers are beginning to feel the pinch from rising Libor rates.
■ Fundamentals remain the most important consideration for bond investors and the most valuable guide for pursuing medium- to longer-term goals.
Leveraged credit markets continue to offer pockets of opportunity for selective investors at this juncture. On a longer term view, these markets retain a strategic appeal for asset allocators. Read more in this white paper.
How demographics, reform and capital are unlocking the next wave of emerging markets opportunity
Floating-rate loans deserve consideration as a strategic portfolio allocation because they can offer:
■ Attractive yields – The rate on loans was among the highest global fixed-income sectors (as of 30 April 2016).
■ Protection against interest-rate risk – Loans have near-zero duration and rates that move with the underlying benchmark – typically Libor.
■ A structure designed to mitigate credit risk – Senior/secured positioning in the capital structure offers a layer of protection that is unique in the corporate fixed-income market.
■ A forward-looking allocation – Loans historically have outperformed the broad bond market in flat and rising rate environments. We believe loans are likely to be an important source of diversification in the coming years.
■ High-yield bonds occupy a special capital market niche: They have offered better risk-adjusted returns than equities and lower interest-rate sensitivity than the broad fixedincome market.
■ To date, high-yield bonds have been less vulnerable to the adverse effects of rising rates than other fixed-income sectors and have provided positive total returns in rising rate markets.
■ Adding high-yield bonds to a broad fixed-income allocation has improved portfolio efficiency, based on 10-year hypothetical performance of blended portfolios.
■ Recent problems in the energy sector sparked a broad sell-off of high yield, resulting in value opportunities for investors with the expertise and diligence to select quality issuers.
Pioneer Investments believes its Market Neutral European Equity Strategy is differentiated from the competition due to a team approach to finding alpha across 13 different alpha sources.
BNY Mellon’s latest research shows that private equity, real estate and infrastructure managers anticipate strong growth in assets in the next 5 years.
Read about the new regulations relating to collateral management requiring industry participants to understand the ‘consequences of change’.
In January 2014, Russell’s index business conducted a survey of institutional asset owners in North America and Europe to better understand the perceptions and adoption of smart beta within these important investor populations. Read findings in this white paper.
Our international editor, George Mitton, talks to Tilman Fechter at Clearstream Investment Fund Services about the increased demand on ETFs and whether a global infrastructure provider like Clearstream can share any evidence on this trend.
Fallen angels – bonds from downgraded companies – offer new opportunities.
Blockchain is one of THE buzzwords in recent years. Governments, industries and companies alike are seeking to use blockchain technology to boost cybersecurity and build what amounts to a new transaction layer based on the idea that cryptographic keys and shared ledgers can incentivise users to...
Mark Hargraves, Head of Framlington Global Equities, takes a fresh approach to equity investing.
In the age of digitalisation, digital marketing and enhancing the customer journey are key strategies for asset managers that want to remain relevant to investors.
May 2018
Jersey 2018