They’ve got the power? European Utilities and the energy crisis

The threat to European consumers from soaring gas and electricity prices has dominated recent headlines and impacted bond prices, but informed discussion of the implications for Utilities companies has been lacking. The supply squeeze caused by the conflict in Ukraine, exacerbated by existing market design, has created three major potential issues for the Utilities sector, […]

European Equities Sustainability Report, H1 2022

In our latest Sustainability Report from the European Equities team, we take a closer look at two portfolio holdings at the cutting edge of healthcare innovation and discuss how they are helping to support efforts to end epidemics and reduce the mortality rate of non-communicable diseases. Key Points: Overview of the objectives of SDG 3 […]

Five questions answered on… Asian equities

Q: Why should investors consider Asia as part of their overall portfolio? A: Asia makes up a huge part of the world, with two billion people in China and India alone. At the same time it’s diverse, comprising different sub-markets each with their own characteristics. The thing about investing in Asia is there’s inevitably one […]

Animal farming and ESG: a sector where some are more equal than others

The animal farming industry entered the pandemic widely regarded as an ESG laggard: a sector noted for its high greenhouse gas emissions, unethical treatment of livestock, and intensive land and water use, and a leading global cause of deforestation. The Farm Animal Investment Risk and Return (FAIRR) initiative found the industry has done ‘too little […]

The spoils of the pandemic: in this together?

The annual publication of the Forbes rich list has become a much-followed media ritual, however, in 2022, the unveiling of the list served as a stark reminder – for those who cared to see it – of the asymmetrical impact of the pandemic. The world’s 10 richest men more than doubled their fortunes during the […]

ESG Materiality, Q3 2022

Supply chain scrutiny puts spotlight on workers’ rights

Pursuing alpha: Why invest in EMD?

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Global Equity ESG Fund, H1 Report 2022

The first half of 2022 saw an extremely challenging environment for investors, with markets battered by multiple headwinds. Rising inflation and slowing growth were exacerbated by the impact of the conflict in Ukraine, while consumer confidence fell as interest rates rose. The rise in inflationary pressures and more hawkish central bank policy triggered a pivot […]

Goodbye share buybacks, hello bond buybacks

As investors consider surging corporate debt costs since the beginning of the year, equity as a funding tool is now starting to look comparatively cheap. In fact, the relative cost of equity for shareholders (as defined by the dividend yield) over the cost of debt is the cheapest it has been since 2012 (see figure […]

Case study: Akbank

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