Uncut gems: The evolution of ESG in EM sovereign debt
The lack of a systematic means of integrating ESG factors into the processes that underpin EM sovereign debt investment has led to a widespread overdependence on exclusions and quantitative data – which is often backwards looking – and typically fails to reflect the realities on the ground. In this paper, we look at challenges EM […]
The case for Chinese equities
in charts
European Equities Sustainability Report
Fast reading: The electric vehicle (EV) market has the potential to deliver strong growth and long-term outperformance both in terms of financial returns and driving sustainable change. Companies that provide key components to the auto industry and boast significant market share can provide a compelling way to gain indirect exposure to the market. We prefer […]
SDG Engagement High Yield Credit, Annual Report 2022
Turning engagement into meaningful change
Global Equity ESG, Annual Report 2022
Fast reading: Annual review 2022: A run-down of what turned out to be a topsy-turvy year for investors. Engagement overview: 145 engagement objectives with 76 companies engaged. An update on our progress in 2022. In the spotlight: ESG in healthcare. How responsible investors can achieve tangible results in line with sustainable goals through engagement and […]
Emerging markets debt: Clouds of political uncertainty set to lift
Fast reading In February, Bola Tinubu was declared the winner of Nigeria’s closely contested election. While the president-elect faces a range of economic challenges, improvements in Nigeria’s external accounts from the opening of the Dangote oil refinery provide cause for optimism. Parliamentary and presidential elections are scheduled to take place in Turkey on 14 May, […]
Outlook for China: When one door opens…
Fast reading: The abandoning of China’s strict zero-Covid policy late last year and the announcement of a range of stimulus measures should drive a resurgence in outbound travel, an easing of global supply-chain pressures, and an increase in growth both domestically and more widely. Owing to its size and rapid development, China had been a major […]
Ahead of the Curve, Q1 2023
Fast reading: In our baseline scenario, global growth will continue to slow in 2023, reflecting a continuation of the themes that dominated 2022. Inflation has moderated but is still running at elevated levels, significantly eroding real disposable incomes. More importantly, the sharp tightening of monetary policy that major central banks (the Federal Reserve notably) implemented […]
Direction of rates hangs over equities rebound
Market snapshot
Sustainable Global Equity Report, Q1 2023
China’s ‘great reopening’
