Climate Change High Yield Credit, H1 report 2021
In this inaugural report, we delve into what makes the Federated Hermes Climate Change High Yield Credit strategy unique. As well as introducing our process and team, the report provides an overview of our proprietary Climate Change Impact (CCI) score, complete with portfolio examples to illustrate the scoring system in practice. Fund facts Benefitting people […]
ESG Materiality Q2 2022
How the GEMs strategy is positioned to benefit from transition tailwinds Engagement and carbon footprint update Case study: WEG Case study: Credicorp ESG Materiality Newsletter Q2 2022 Download Share: Risk profile The views and opinions contained herein are those of the author and may not necessarily represent views expressed or reflected in other communications. This […]
The coming real estate renovation wave
And what it means for investors
Equities tumble as inflation reality bites
Market snapshot
Recession fears grow as central banks step up inflation fight
Market snapshot
Take note: Finding opportunity in mispriced corporate hybrids
Fast reading For non-financial corporate hybrids, fundamentals still matter. The main driver of sub-senior spread is extension risk, as coupon deferral risk is structurally low and early call risk is often manageable. Yet extension risk is often mispriced during market sell-off, creating structural alpha. We are buyers of extension risk premium when it exceeds >10% […]
‘People can focus so much on risk they can overlook opportunities’
The sell-off in Chinese stocks this year as investors fret over the impact of the country’s zero-Covid policy and the risks presented by slowing growth mean that Chinese shares are trading at discounts unseen for more than two decades, according to fund managers at Federated Hermes. Weakening sentiment has pushed the Hang Seng Index down […]
The ‘S-word’ looms into view
Market snapshot
Market snapshot
A glimmer of hope amid China’s lockdowns?
Fiorino: 4.669 reasons why car-tech could outpace insurers
Genius-at-large Mitchell Feigenbaum was always on the move. But the wandering physicist stayed still long enough in the early 1970s to uncover a fundamental truth about the inexorable path of certain systems as they journey from apparent stability to chaotic behaviour: chaos approaches at a surprisingly regular rate of acceleration. As discussed in previous editions […]
