Channel

Max Davies, CFA, CAIA

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Whitepaper

2023-12-31

Equity Energy Utilities Enduring Assets Macro and market Telecom Fundamental equity Global Industry Research Distribution Article

What’s next for infrastructure?

Portfolio Manager Tom Levering and Global Industry Analyst Tim Casaletto explore the outlook for infrastructure assets in 2023 across each of the key areas.

By

Tim Casaletto

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Article

2023-12-31

Sustainability Stewardship Equity ESG Climate Active management Global Stewards Distribution Article Unique Perspectives

Harnessing the power of engagement in stewardship investing

Equity Portfolio Manager Yolanda Courtines explores why company engagement is a key component of successful stewardship investing.

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Article

2023-12-31

Utilities Large cap Carbon emissions Enduring Assets Active management Net zero Equity Energy Fundamental equity Distribution Article

Actively supporting the decarbonisation of utilities

Why actively supporting the decarbonisation of utilities offers the potential for better long-term outcomes from both a net-zero and value-creation perspective.

By

Ken Baumgartner, CFA

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Article

2023-11-30

Insurance Multi-Asset Outlook Multi-asset Macro and market Inflation Volatility Interest rates Monetary policy Asset allocation Equity Fixed income Commodities Balance sheet Whitepaper

Inflation, rates, and volatility: The best defense is a good offense

Insurance Strategist Tim Antonelli shares his latest multi-asset views for insurers, including the need to balance defensive portfolio strategies with continued income and return generation.

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Whitepaper

2023-04-15

Stewardship Equity Sustainable investing Business practices Distribution Article

Investing in ESG leaders with a stewardship lens

The value of strong corporate stewardship is gaining wider recognition across the investment industry. When companies are led by an engaged board and a strong management team, allocate capital wisely for the long term and act in the best interest of all stakeholders, they have greater potential to’reinforce their competitive advantage and enhance returns over time.

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event

Article

2023-06-30

Europe Energy Carbon emissions Enduring Assets Macro and market Utilities Equity Distribution Article

Transformative times for European energy infrastructure

Europe’s current energy supply crisis creates a significant tailwind for the European utility sector, but where are the investment opportunities?

By

Tim Casaletto

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Article

2023-10-31

Climate Sustainability Business practices Fund of funds Video

Mapping physical climate risks

Working with Woodwell Climate Research Center, we have developed a geospatial mapping tool designed to help our investors visualize and quantify physical climate risks.

Multiple authors

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Video

2023-10-31

Volatility Inflation United Kingdom Defined contribution (DC) Distribution Public pension (DB) Private pension (DB) Article

After the UK sell-off: what’s next for global markets and investors?

Co-Head of Investment Strategy Natasha Brook-Walters and Head of Macro Strategy John Butler discuss the implications of the recent sell-off in UK markets for global markets and investors.

By

Natasha Brook-Walters

John Butler

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Article

2022-12-30

Stewardship Sustainability Large cap Equity Distribution Global Stewards Article Unique Perspectives

The pivotal role of stewardship in creating lasting value

Yolanda Courtines and Alex Davis share two case studies that highlight the pivotal role of stewardship in creating lasting value.

By

Alex Davis

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Article

2023-10-31

Health care Innovation Global Industry Research Equity Subadvisory Discretionary Video

The next generation of pharmaceutical innovation

Rebecca Sykes explores the exciting innovations she sees in the pharmaceutical industry today, including antibody drug conjugates, gene editing, obesity treatments, and much more.

By

Rebecca Sykes

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Video

2023-09-30

Alternatives Insurance Portfolio construction Alternatives investing Asset allocation Balance sheet Article

The road less traveled: An insurer’s path to investing in alternatives

Insurance Multi-Asset Strategist Tim Antonelli lays out a sturdy yet flexible framework to help global insurers navigate the alternative investments space.

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Article

2023-09-30

Europe Small cap Sustainability Sustainable investing Active management Innovation ESG Equity Fundamental equity Fund of funds Article

Hidden corners of sustainability-related innovation

European small-cap equities are at the forefront of sustainability-related innovation but getting exposure to those opportunities requires a combination of research, engagement and long-term mindset.

By

Anna E. Lundén, CFA

Louise Kooy-Henckel

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Article

2023-06-30

Portfolio strategy Multi-asset Asset allocation Alternatives Equity Fixed income Private equity Public pension (DB) Whitepaper

Closing the return gap: A new set of “stepping stone” ideas

Multi-Asset Strategist Adam Berger offers incremental, flexible investment ideas that can be combined to help asset owners pursue their goals amid declining capital market return expectations.

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Whitepaper

2023-06-30

Asset allocation Multi-asset Defined contribution (DC) Quick Take

Making the money last: Research insights on the decumulation challenge

Our Investment Strategy team considers the unique challenges of decumulation strategies, including sequencing and longevity risk, and offers thoughts on best practices in portfolio construction, process design, and implementation.

Multiple authors

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Quick Take

2023-04-30

United Kingdom Fixed income Public pension (DB) Private pension (DB) Balance sheet Video Sustainability

Low turnover portfolios and the climate risk challenge

In this short video, Fixed Income Portfolio Manager Mahmoud El-Shaer outlines the Global Credit Buy and Maintain team’s approach to incorporating and managing climate risk in low turnover credit portfolios. He also highlights how the team leverage the work from our partnership with MIT and the Woodwell Climate Research Center.

By

Mahmoud El-Shaer, CFA

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Video

2023-01-31

Defined contribution (DC) Multi-asset Asset allocation Retirement Income Article

Demystifying decumulation: A practical guide

Investors seeking a sound decumulation strategy must consider a host of variables, including risks that weren’t on the radar when they were accumulating assets. Members of our Investment Strategy team consider the interaction between portfolio withdrawals and specific characteristics of the portfolio’s realized return. They also offer thoughts on successful decumulation strategies, focusing on portfolio construction, process design, and implementation.

Multiple authors

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Article

2023-04-30

Impact Fixed income Sustainability Multi-asset Impact investing Discretionary Article

Fixed income impact investing: Growth, evolution, opportunity

Members of our fixed income team share their perspectives on the growing need for impact solutions, the expanding opportunity set and the team’s focus on engagement with issuers.

Multiple authors

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Article

2022-12-31

Insurance Inflation Multi-asset Interest rates Insurance Multi-Asset Outlook Whitepaper

Higher inflation, rising rates: Front and center for insurers

With macro and market complications piling up through the first few months of 2022, Insurance Multi-Asset Strategist Tim Antonelli provides his investment implications for global insurers.

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Whitepaper

2022-10-15

Liability-driven investing Multi-asset USA Asset allocation Private pension (DB) Article

Nearing the finish line: Ideas on end-state investing for corporate DB plans

As corporate plans approach their fully funded “end state,” new goals will need to be set. Members of our LDI team share their research on this transition and the required realignment of asset allocation strategies, including changes in return-seeking and liability-hedging portfolios and key liquidity considerations.

By

Amy Trainor, FSA

Jacqueline Yang, CFA

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Article

2023-04-30

Private pension (DB) Macro and market USA Multi-asset Liability-driven investing LDI Alert Portfolio construction Volatility Article

Preserving funded-ratio stability in volatile markets

Faced with extreme market volatility in the early months of 2022, what can corporate DB plan sponsors do to potentially provide stability in their portfolios while still pursuing longer-term funding aspirations? Multi-Asset Strategist Amy Trainor offers thoughts on rerisking, hedge ratios, and liability-hedging and return-seeking allocations.

By

Amy Trainor, FSA

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Article

2023-03-31

Volatility Macro and market Public pension (DB) Endowments & foundations Family office Insurance Private pension (DB) Union (Taft Hartley) USA China Multi-asset Emerging markets Inflation Portfolio construction Article

What if…? Contemplating five big questions for 2022

Could there be policy, inflation, or market surprises in 2022? Multi-Asset Strategist Adam Berger weighs the possibilities and the portfolio implications.

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event

Article

2023-02-28

Inflation Utilities Interest rates Monetary policy Portfolio construction Global Industry Research Equity Fundamental equity Subadvisory Article

How to reposition portfolios for inflation with listed infrastructure

With the risk of structurally higher inflation increasing, Tom Levering and Ken Baumgartner assess whether allocating to listed infrastructure may help mitigate the impact of inflation.

By

Ken Baumgartner, CFA

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Article

2023-01-31

Europe Fixed income Sustainability Distribution Sustainable investing Article

Evaluating labelled bonds: A robust framework is key

In this rapidly evolving market, we believe investors need a thoughtful approach to assessing issues’ suitability and combatting greenwashing, in order to generate real impact.

By

Paul Skinner

Campe Goodman, CFA

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Article

2022-09-30

Insurance Multi-asset Inflation COVID Whitepaper Credit ESG

Three transition year themes — inflation, capital, ESG

Insurance Multi-Asset Strategist Tim Antonelli believes 2022 could be a year of transition for the global insurance industry, with the three big themes of inflation, capital, and ESG likely to play prominent roles in many insurers’ strategic planning and decisions.

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event

Whitepaper

2022-12-01

Distribution Equity Sustainable investing Global Stewards Climate Net zero Portfolio construction Event replay

Tying ESG to alpha — in practice

In a climate-driven capital cycle, companies that prioritise the environment and formulate clear climate strategies can become market leaders.

By

event

Event replay

2022-10-31

Multi-asset Macro and market Public pension (DB) Subadvisory Union (Taft Hartley) Endowments & foundations Single Balance sheet Alternatives Equity Fixed income Portfolio policy Opportunities and risks Climate Article

Changing “weather” patterns in alternatives and climate

Multi-Asset Strategist Adam Berger offers a forecast on the future of alternative and climate-related investing, with insights on manager selection, public/private allocations, climate-aware capital market assumptions, and a range of other topics.

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event

Article

2022-11-30

Liability-driven investing Portfolio policy Article United Kingdom Credit Retirement Manager selection Portfolio construction Private pension (DB) Public pension (DB)

Building a terminal credit portfolio: a practical guide

We propose a three-step process for de-risking, which aims to lock in improvements in funded ratios while providing a clear path for transitioning towards the terminal portfolio.

By

Mahmoud El-Shaer, CFA

Marco Giordano

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Article

2022-11-30

Impact Digital transformation Sustainability Distribution Equity Fixed income Impact investing

Impact investing in practice: bridging the digital divide

How does impact investing work in practice? We illustrate our approach through a-real life example focused on helping to bridge the digital divide.

By

Tara Stilwell, CFA

Campe Goodman, CFA

event

2022-11-30

Insurance Economic cycle Multi-asset Portfolio strategy Fixed income Whitepaper Insurance Multi-Asset Outlook

Strong but slowing growth: A tale of two narratives

Markets appear to be caught between two hard-to-reconcile narratives: The pace of economic growth looks poised to slow, but the level of growth is likely to stay relatively strong. Multi-Asset Insurance Strategist Tim Antonelli and Investment Strategy Analyst Daniel Cook offer insights for global insurers at this point in the cycle.

By

Daniel Cook, CFA

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Whitepaper

2022-01-31

Multi-asset Opportunities and risks Portfolio policy Public pension (DB) Article

Investing for the long term (in a short-term world)

With short-term behavior evident across the financial landscape, Multi-Asset Strategist Adam Berger explores the intuitive and quantifiable advantages of being more long term, and he offers seven habits that can help asset owners cultivate a long-term mindset.

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event

Article

2022-09-30

Equity Stewardship Portfolio strategy Opportunities and risks Sustainable investing Distribution Article

People, planet, profit: investing with a stewardship mentality

An investment strategy with a long-term mindset focused on companies that weigh the interests of all stakeholders and generate strong returns on capital can potentially deliver good investment returns while helping to address ESG concerns.

By

event

Article

2022-07-31

Channel Global Industry Research Fundamental equity Equity Macro and market Opportunities and risks Video Future Themes

Genomic testing and the future of medicine

We explore the future of genomic testing, the therapeutics it enables, and its impact on the health care system as a whole.

By

Fayyaz Mujtaba

Adam Illfelder, CFA

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Video

2022-07-30

Multi-asset Public pension (DB) United Kingdom Article Opportunities and risks

Multi-asset income for the LGPS

As LGPS schemes mature, single-asset strategies may no longer be able to support their income needs. We identify three challenges schemes face and propose a dynamic and diversified multi-asset solution.

Multiple authors

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Article

2022-05-31

Equity Balance sheet Portfolio policy Article Opportunities and risks

Why global insurers should take a closer look at REITs

Insurance Strategist Max Davies, Investment Director Will Lee, and Investment Specialist Ethan Sales look at the potential benefits of REITs for global insurers, plus why now may be an opportune time to consider this often unsung asset class.

Multiple authors

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Article

2022-07-31

Portfolio policy Private pension (DB) United Kingdom Liability-driven investing Article

UK DB schemes: protecting gains, awaiting opportunities

With funding levels high but long-duration credit looking expensive, schemes looking to de-risk may wish to take advantage of the relatively attractive risk/return profile of short-duration credit.

By

Francisco Sebastian

event

Article

2022-07-31

Climate ESG Insurance Video Carbon emissions

Mapping the impact of climate change

In this three-minute video, we share the climate-exposure risk-analysis tool we have developed in partnership with Woodwell Climate Research Center. This software helps our investment teams track and assess physical climate risks facing capital-market assets around the world.

By