360°, Q2 2023

Divergence, duration, dislocation
Overlooked and underappreciated: The case for Korea

At the end of May 2023, the Federated Hermes Asia ex-Japan Strategy’s key country active overweight remains Korea, at +13.96% relative to benchmark, whereas the strategy’s main underweight is India, sitting at 16.83% below the benchmark, as shown by Figure 1 below.1 We prefer Korean stocks because they currently present very cheap valuations amid improving […]
Putting the ‘investment’ in investment grade credit

Why now? Yields are at decade highs: Yields, which sit at almost 5% for the global investment grade market, are looking very attractive. Historically, and looking at the past decade in particular, yields are now at the highest level seen for the investment grade market, as demonstrated in Figure 1 below. This indicates that a […]
Sustainable Global Equity Report, Q1 2023

China’s ‘great reopening’
Protect, sustain, restore: Why the Amazon matters

Acknowledgements: We would like to thank Dr Adriana De Palma, Dr Gareth E Thomas, Sara Contu, and Prof. Andy Purvis from the Natural History Museum for providing the data and analysis contained within this report. The Amazon rainforest, home to some 10% of known species on earth, is a lynchpin for global biodiversity. Here, the […]
Sustainable Global Equity Report, Q4 2022

The inflation game-changer
Sustainable Global Equity, Q3 2022 report

Are global supply chains on the mend?
360°, Q3 2022

Rates, recovery, recession
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 […]