ESG in China: A hidden opportunity
Fast reading ESG ratings consistently show Chinese companies lagging their EM peers on ESG, prompting questions about whether China is investable from an ESG perspective. While the ratings do not capture the full picture, there is no doubt that China is challenging for the ESG investor – despite various positive regulatory drivers for ESG in […]
Meet the Manager: Mitch Reznick
What’s your role at Federated Hermes? My role at Federated Hermes is Head of Sustainable Fixed Income and a portfolio manager on some of our sustainability-themed funds. Our team convert the principles of sustainability into investment solutions that make sense for our clients, of course, but also seek to deliver real world, positive outcomes. How […]
What’s going on with IG corporate bonds?
January just witnessed a record amount of new investment grade (IG) corporate bond issuance. The US$194bn was nearly 50% higher than the monthly average over the last four years. This comes on the heels of US$1.2tn in each of the last two years and against the backdrop of the US$7.7tn market value of the Bloomberg […]
Can the Super Bowl predict markets?
Chartology
A year to savour the certainty of coupons (over the guesswork of earnings)
Developed market central banks have indicated they have reached the peak of the hiking cycle and are now carefully taking the steam out of the ‘higher for longer’ narrative. The global economy has been surprisingly resilient, but cash buffers built up through the pandemic are now winding down, locked-in low rates are rolling off, and […]
Asia ex-Japan Equity: Letter to Investors
Capital Constrained
Outlook brightens for emerging market debt
market snapshot
360°, Q1 2024:
Dispersion, disparity, duration
US- amerikanische Small- und Mid-Caps: Antworten auf 7 Fragen
Wie werden US-amerikanische Small Caps Ihrer Meinung nach im kommenden Jahr abschneiden? US-amerikanische Small-Cap-Unternehmen haben in den letzten Jahren gegenüber größeren Unternehmen an Wert verloren, was auf Befürchtungen hinsichtlich der allgemeinen Wirtschaftsaussichten und der Auswirkungen der geldpolitischen Straffung zurückzuführen ist. Die überragende Performance einiger Mega-Cap-Technologiewerte hat diese Diskrepanz noch verschärft. Vor diesem Hintergrund könnten die […]
Where does Europe have the edge in technology?
This European tech sector has grown substantially. The software market, particularly, is an enabler for a lot of common applications. A number of highly differentiated companies operate this space – such as B2B software and enterprise applications firms – providing efficiencies to corporates. A number of European tech hubs are linked to universities. The current […]
