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Looking into 2020 with Hermes

From Brexit and the US presidential race to climate change, we present our outlooks for 2020.

2020 will be another uncertain year. Brexit will rumble on, bringing further volatility and polarising the UK political dialogue; China and US relations will remain tense and concern markets, despite a possible partial trade deal being secured before the end of 2019; and the US presidential race will likely unsettle world markets.

Five years on from the Paris Agreement, the UK will host COP26, the next annual United Nations climate-change summit. Countries are due to present updated plans to keep the global rise in temperature well below 2⁰C.

In our 2020 Outlook, we present our perspectives on equities, fixed income, multi asset, private markets and stewardship for the year ahead. 

More Insights

Duke Energy case study
In 2010, Duke Energy adopted its first carbon dioxide emissions reduction target – it planned to reduce emissions 17% below the 2005 levels by 2020. The Clean Power Plan (CPP) was finalised in 2015 by the US Environmental Protection Agency, targeting power generation emissions reductions of 32% by 2030 relative to 2005. The Supreme Court stayed the CPP’s requirements in early 2016 and it was never implemented.
Global Emerging Markets: 2020 country allocation review
The novel coronavirus spreading from China has shocked markets and clouded the outlook for global growth.
Weekly Credit Insight
CCC-rated credits significantly underperformed in the last week of January
Credit view: the impact of the coronavirus on industry sectors
The novel coronavirus spreading from China has shaken markets and clouded the outlook for global growth.
Centrica case study
Reflecting our engagement requests, Centrica has set ambitious targets for the reduction of the emissions of its customers, which comprise over 90% of the emissions associated with its business, together with a commitment to set a pathway to net-zero emissions by 2050, in line with the goals of the Paris Agreement.
Weekly Credit Insight: CCC-rated credits underperform in an environment of uncertainty
Investors have refocused on the higher-quality part of the credit spectrum