Fearful markets brace for further hikes
Fast reading: Turbulence in commercial real estate (CRE) has increased this year amid concerns about the impact of soaring interest rates on the sector. As real estate market ‘corrections’ are a regular feature of the property market, institutional investors may try to seek out cycle-agnostic investment strategies. Equites headed downward this week as investors braced […]
SDG Engagement Equity Q2 2023 case study
Aalberts
Navigating rising distress levels in leveraged loans
Chartology
Wait and see (redux)
market snapshot
360°, Q2 2023
Divergence, duration, dislocation
ESG Materiality, H1 2023
Spotlight on India
Overlooked and underappreciated: The case for Korea
At the end of May 2023, the Federated Hermes Asia ex-Japan Strategy’s key country active overweight remains Korea, at +13.96% relative to benchmark, whereas the strategy’s main underweight is India, sitting at 16.83% below the benchmark, as shown by Figure 1 below.1 We prefer Korean stocks because they currently present very cheap valuations amid improving […]
A forced hand
market snapshot
Beyond re-opening: the long-term trends to watch in China
Optimism that China’s scrapping of its strict zero-Covid controls would boost the global economy has been tempered by weaker-than-expected data in May on retail sales, industrial output, and investments. But this short-term blip needs to be viewed in the context of the vast technological and demographic shifts underway in the world’s second largest economy that […]
Crouching tiger: the contrarian case for China
Following the end of zero-Covid, China is in the midst of a U-shaped rather than V-shaped recovery, which has been quite uneven across various sectors. Electric vehicle (EV) sales as percentage of new auto sales in China increased to 35% in 2022 and China is now a net exporter of cars. The Chinese EV sector […]
