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Global views and trends

The Intelligence Report – 26 February 2019

26 February 2019 -

Investors can look forward to greater transparency on sustainable finance as Europe takes the lead with an ambitious plan to help redirect capital flows, define sustainability and foster long-termism. This issue also covers the outlook for US earnings in 2019, incorporating sustainability in factor investing and an insight into who should call the shots in handling the next recession.

Europe leads the way towards sustainable finance

Europe’s ambitious Action Plan puts forth 10 specific action points to make European financial markets more sustainable and climate-resilient.

Where have all the earnings gone?

US companies’ earnings growth following the Q4 2018 sell-off could slow to the point of an ‘earnings recession’. But – outside energy and tech – the outlook may not be as bleak as it first appears.

Sustainability: now at the core of factor investing

Factor investing strategies can maximise portfolio returns while reducing risk. Adding ESG objectives to such strategies adds sustainable investing as a third dimension in addition to the return and the risk.

In the next downturn, who will call the shots?

A “Great Instability” has followed the Great Financial Crisis and the risk of radical disruptive change looks high, with potentially profound implications for investors.

For the previous edition, click here >

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On the same subject:
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21 May 2019

Investors play an important part in ensuring that the world is not only economically efficient, but also sustainable. Fortunately, as PRI CEO Fiona Reynolds explains, there is progress; this matters for long-term value creation, the environment and society at large. Next, we argue that a factor investing approach including ESG criteria can work in fixed income and raise the curtain on the upcoming European Parliament elections and subsequent changes in Europe’s top jobs.

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7 May 2019

The new EU taxonomy defining what is truly 'sustainable' will offer essential clarity and help counteract greenwashing. We also review the implications for investors of Chinese bonds becoming more prominent in global benchmarks. Elsewhere in Asia Pacific, we assess the state of investment stewardship. Finally, we note that Goldilocks may currently prevail on the economic scene, but her grip on the throne is tenuous at best.

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27 March 2019

The science is unequivocal and the evidence is growing ever stronger, supporting the rationale of adopting a long-term investment focus on sustainability. We present our Global Sustainability Strategy. Also in this issue: do not apply a one-size-fits-all approach to BBB rated debt, but assess the idiosyncrasies; and the outlook for European equities.  

The Intelligence Report – 7 May 2019

The new EU taxonomy defining what is truly 'sustainable' will offer essential clarity and help counteract greenwashing. We also review the implications for investors of Chinese bonds becoming more prominent in global benchmarks. Elsewhere in Asia Pacific, we assess the state of investment stewardship. Finally, we note that Goldilocks may currently prevail on the economic scene, but her grip on the throne is tenuous at best.