The first ever practical blueprint for “net zero investing” has been issued by Institutional Investors Group on Climate Change (IIGCC), to help investors maximise the contribution they make in tackling climate change.
Yield-starved asset managers see attractive relative-value opportunities in EM debt market as spreads stay wide
Asset managers say it is time to embrace riskier fixed-income assets again, with emerging markets bonds becoming an increasingly attractive option for investors as optimism wanes over a quick economic recovery in developed markets.
European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors
Concern is growing over a likely spike in defaults among so-called ‘zombie’ companies that have stayed afloat during the coronavirus pandemic by relying on government stimulus and increasing their debt loads, but will struggle to keep servicing loans as government schemes roll back.
Breckinridge sees further tightening in US corporate debt spreads after wild bond market swings in H1
Fixed income managers have seen a hectic first half of the year in 2020. In the US, a typical year’s worth of new issues was printed in the space of just four months, as the onset of the pandemic forced companies to take urgent action to shore up their finances.
A rash of financial institutions have recently made headlines with grand donations and initiatives to improve diversity within their firms, in response to the protests over the killing of George Floyd that gripped cities across the US and beyond.
Investors are eyeing China’s growing equity markets as signs of an economic recovery start to emerge. The IMF is forecasting that China will grow in 2020 and see a strong rebound in 2021, while projections for other large economies show them lagging behind.
Japan may boast the third largest equity market in the world, but its 3.5 million small to medium sized businesses, which account for 99.7 per cent of its companies, are still under-researched.
Digital assets have surged in popularity with investors seeking “safe havens” outside of traditional asset classes. Digital asset manager Grayscale Investments reports that a record USD905 million flowed into its family of 10 funds in the second quarter of 2020.
Global exchanges are making the most of growing investor demand for sustainable products and ramping up their provision of ‘green’ bonds, making them the most commonly offered ESG investments for the first time, according to The World Federation of Exchanges’ (WFE) sixth annual sustainability survey.
BlackRock, JP Morgan, and Polar Capital are some of the big names among the growing roster of investment companies that have cut management fees in the first half of 2020, as the industry tries to stay attractive to investors amid uncertain markets.
Tremors before ‘The Big One’: ESG alt data firm details “breadcrumb trail” that warned investors of Wirecard downfall
ESG data warned investors of the “tremors” building up at German e-payments firm Wirecard that led to its eventual blow-up, says alt data firm Truvalue Labs in its latest report on the firm.
Asset manager Schroders has warned against adopting an “overly granular approach” to non-financial data, as it joins a group of stakeholders pushing for better reporting by businesses of environmental, social and governance (ESG) information.
Equities markets are overvalued and expensive, if you ask asset managers. A survey this month of global fund managers by Bank of America Merrill Lynch showed that 78 per cent believe that stock markets are currently overvalued, which marks the highest level since the closely-watched survey began in 1998.
Tectonic shift in UK stock market ownership as US asset management giants unleash low-cost passive investing boom
Over a third of all shares on the UK’s FTSE 100 and 250 indices are now owned by North American asset managers, as the popularity of low-cost passive index funds and ETFs has surged.
Central banks are lagging other major institutional and public sector investors with their integration of environmental, social, and governance (ESG) criteria, according to a new survey by BNY Mellon and OMFIF.
Fulcrum Asset Management has launched a new global equity fund which aims to invest in companies that are on-track to meet the Paris Agreement’s target of keeping the global temperature rise below 2 degrees Celsius.
Thirty banks including Barclays, BBVA, Citi, Credit Suisse, Santander and UBS, were assessed on how they have integrated ESG factors into their commercial practices, and none were judged to be ‘outstanding’, according to a new benchmark report by audit, accounting, and consulting firm Mazars.
The “new gold” is how the young asset class of cryptocurrencies is often described. With miners virtually unearthing new ‘coins’ every day via a decentralised system that operates beyond the influence of government, it’s easy to see the attraction.
Intentions are translating into real results for impact investors, with 99 per cent of the almost 300 investors who responded to the most comprehensive survey of the market to date saying that they have met or exceeded their impact performance goals, and 88 per cent meeting or exceeding their financial expectations.
For years, Asia Pacific has lagged behind other regions in its awareness and focus on responsible investing. While there are pockets including Japan and Australia that are making progress, China and South East Asia are still dragging their feet in terms of regulatory oversight and individual company governance.
As the global economy judders into an unsteady restart, stock markets rebound, and manufacturing grows, one thing that has been slow to take off is commodities prices.
Industry group the World Federation of Exchanges has issued guidance to central counterparty clearinghouses (CCPs) over how to allocate non-credit losses.