The Intelligence Report – 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.
|Our Sustainability Strategy – become a future maker|
|In a fast changing world, we focus on long-term, sustainable investment returns for our clients. That is why we are putting sustainability at the heart of our strategy.|
|Late-cycle leverage – the risk of US BBB downgrades|
|BBB rated corporate debt accounts for over half the IG index; the volume of BBB rated debt is twice that of the HY index. What are the factors that could sway 2019 performance?|
|Europe – the horizon becomes clear|
|With Brexit a muddle right up to the finish, how does that uncertainty – and other factors in Europe, the US and beyond – affect reflections on investing in European equities?|
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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.
In a fast changing world, our focus is on achieving long-term sustainable investment returns for our clients.
In a world striving for greater sustainability, investment in coal – be it mining or power generation – should be much more selective, hence our new coal investment policy. Also in this issue: how to navigate markets as they swing between the impact of news on the fundamentals and adjustments in central bank liquidity; what to make of the trends in US inflation; and our assessment of the relations and economies of China and the US.
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.