Extinguishing the flame: Has inflation peaked?

Fed raises its headline rate by 0.25% and hints at an end to tightening cycle. The European Central Bank and the Bank of England each raise rates by half a percentage point; mood music softens. Markets rose this week in response to a slowdown in the pace of monetary tightening from three of the world’s […]

European stocks rally as recession fears recede

market snapshot

Shifting the spotlight

The value of biodiversity

Fixed income rebounds on expectations inflation has peaked

market snapshot

ABS issuance: Why so low?

Chart of the month

Brasília riots add to investor caution over Brazil

market snapshot

Emerging markets set to turn a corner?

Fast reading: Amid tech crackdowns, a struggling property sector and the fallout from its zero-Covid policy, China had a tough 2022. Will the country’s fortunes improve in 2023? Amid big hikes by the US Federal Reserve, the strong US dollar cast a long shadow over financial markets last year. How might dollar strength impact emerging […]

Our investment teams on the key themes for 2023

2022 was a challenging year which rocked financial markets and forced investors to reconsider their positioning against a backdrop of uncertainty. Russia’s invasion of Ukraine challenged Europe’s reliance on Russian commodities and caused an energy crisis; inflation soared to a four-decade high, sparking a cost-of-living crisis. Investors are understandably cautious about what might be in […]

Putting the ESG into real estate

Fast reading: ESG highlights: An overview of how our real estate investments performed on net zero, renewable energy, waste reduction, biodiversity and green certifications. How we do it: An overview of how the Real Estate team has developed its ESG integration, including governance and oversight, performance targets, due diligence and responsible management. Case studies: Fleet […]

The time is now: Creditors to negotiate stronger covenants in 2023

Conditions in global credit markets have materially changed over the course of 2022. Tightening policies by central banks to control inflation and investors’ fears of economic slowdown has resulted in a material jump in corporate borrowing costs, a significant reduction in primary issuance and a deterioration in the secondary market. However, we see a silver […]