The Intelligence Report
Global views and trends

The Intelligence Report – 1 October 2019

1 October 2019 -

What do superstars, inflation and sustainability have in common?

Investing is about opportunities and threats: benefiting from the former and avoiding the latter. Underlying any decision is analysis and awareness – and so it is with the superstar company phenomenon: some ‘masters of the universe’ are worth having a look at. Caveats apply, one being that it is not just size that matters.

Equally, we are all aware that inflation is now elusive, but our analysis shows that the forces that can fan it could easily be stirred into action.

Talking about action, we present the latest views on the urgency of the sustainability issues that asset owners, society and the world need to tackle. Of course, savvy investors can see an opportunity here.


What the superstar phenomenon means

Typically in control of their markets and pricing, often at the forefront of innovation and frequently eager to expand, superstar companies represent both opportunities and threats when it comes to investing.

CHECK OUT OUR INFOGRAPHIC


Transitioning to a reflation regime?

Reflation could be around the corner. Whether it actually appears depends on factors such as supply shocks, de-globalisation, fiscal stimulus and signs of economic recovery.

READ OUR ANALYSIS


Policymakers respond to urgency of sustainability issues

Governments are focusing on ‘real economy outcomes’ and increasingly are supported by investors and facilitated – perhaps not quickly enough – by regulators.

READ OUR CONFERENCE REPORT

 


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The Intelligence Report appears roughly every two weeks and offers investors insights into the topics that we believe matter to them from around BNP Paribas Asset Management. Contact your local representative for more information.

 

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On the same subject:
The Intelligence Report
15 October 2019

These days, extending the phrase “steady as she goes” – that reassuring call from the helm confirming the current course to the next safe harbour – to other uses might be a stretch. After all, it seems increasingly to be disruption rather than continuity that marks the pace of life. And so it is in investing. At the macroeconomic level, there is a pressing need to assign the current ‘single-use product’ model to the scrapheap and adopt the circularity of the re-use, repair and recycle approach, as we explain in our first article. At a more personal level, healthcare faces a reassessment on the back of possible policy changes, while the drivers of costs, such as ageing and life style changes, persist. What this means for investors is the topic of our second article. Rounding off this edition, our third article underscores the point that disruption is a trend that might be most obvious in IT, but it is felt far beyond that sector.    

Technological innovation: A global theme
15 October 2019

Investors who associate innovation solely with the technology sector may do well to take a broader view. A promising strategy should interplay the latest developments at solid players across diverse sectors, and capture performance that is sustainable – both in financial and ESG[1] terms.  

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15 October 2019

Global healthcare stocks have materially lagged the broader market so far this year as investors worry about the impact of potential regulatory changes [1], particularly in the US. However, as we explain in more detail in a recently-published research paper, of which this article is an extract [2]:  

Innovation. It’s not just technology

Investors who associate innovation solely with the technology sector may do well to take a broader view. A promising strategy should interplay the latest developments at solid players across diverse sectors, and capture performance that is sustainable – both in financial and ESG[1] terms.