Sustainability in a pivotal year

Public and private collaboration critical for achieving the SDGs

Following the recently concluded spring meetings of the IMF and World Bank, Annika Brouwer reflects on progress made in public finance reform, the need for and challenges of mobilizing private capital, and the imperative for policies and projects to incorporate a return objective.

As safe as houses?

Analyst Rebecca Phillips and Strategist Russell Silberston query whether houses are a safe investment and ask what are the economic implications when things go wrong.

Credit Chronicle: Q1 2023

Reflecting on a volatile first quarter, our Developed Market Credit team discusses turmoil in the banking sector and shows how this has driven higher-quality parts of the market to historically attractive valuations.

Multi-Asset Strategy Quarterly – April 2023

Iain Cunningham and Michael Spinks outline their cyclical growth view, and suggest that two primary forces remain underappreciated by financial markets; Sahil Mahtani takes a closer look at the semi-conductor industry, vital to modern civilisation, and yet facing a tumultuous period of growth; Russell Silbertson unpacks the latest thinking from leading central banks. Finally, we close with a succinct summary of our higher conviction asset class views, beginning with equities, moving on to fixed income, currency and closing out with commodities.

Focus on fundamentals as ‘free money’ era ends

The return of persistent inflation has forced central banks to hike interest rates aggressively, bringing an end to ‘free money’. Some companies are ill-prepared for higher rates and face deep earnings recessions. However, high-quality businesses with robust fundamentals should come into their own.

Emerging Market Debt Indicator May 2023

Michail Diamantopoulos shares insights gained on a recent trip to Israel and the wider EM Debt team provides an update across the rest of the universe.

Picture this: The ‘Big Shrink’ in high-yield markets

The US high-yield market has contracted by 11% since its peak in December 2021. The Multi-Asset Credit team explains what this means for investors.

Notes from the road: Israel

On a recent trip to Israel, Michail Diamantopoulos gained comfort over the near-term outlook for fixed income investors and found a nation that is ready to confront its structural challenges.

The case for Quality

In a softening economic environment, quality companies come to the fore. Clyde Rossouw explains how their repeatable revenues and strong balance sheets enable them to generate cash flows no matter what the macro picture.

Fixed income isn't necessarily the best way to deliver bond-like outcomes

The Credit Suisse crisis has called into question the defensive qualities of fixed income holdings. Traditionally, bonds are seen as ‘safe’ and equities as ‘risky’, but John Stopford argues this rather simplistic view of the world ignores the quality and breadth of securities which make up a company’s capital structure.

The debt ceiling - an inevitable increase, an unavoidable reckoning

Strategist Sahil Mahtani and Analyst Daniel Morgan say that it is easy to imagine worse scenarios.

From the multi-asset income desk: reaching the debt ceiling

Ellie Clapton and Jason Borbora-Sheen discuss two key topics on the multi-asset income team’s desk at present. The fallout from US regional banks and the impending US debt ceiling are at the top of the agenda.

Transition talks: real world transition stories

In this interview, we speak to Bridget Beals, Head of Climate Risk & Strategy at KPMG who talks to us about the engagements she’s having with companies across public and private markets and the transition plans she’s seeing from these companies.

Emerging Market Debt Indicator April 2023

This month, Nicolas Jaquier and Christine Reed discuss the surprise cabinet reshuffle in Colombia and what it means for investors. As always, the wider EM Debt team provides an update across the rest of the universe.

The case for Emerging Market Equities

Varun and Archie discuss the case for emerging market equities. The past decade could be characterised as more risk than return for emerging markets. But that may be about to change, with policy change in China is the key to unlocking it all.

Turkey at a crossroads

Grant Webster and Roger Mark look at how markets have reacted to uncertainty around this month’s historic elections in Turkey and find a more nuanced outlook for fixed income investors than recent market moves imply.

Future Leaders Forum: Demystifying the transition

Future Leaders Forum is back for 2023. For our first event, we cut through the noise around transition finance and provided the tools needed to be part of these crucial conversations.

Colombia: reshuffle does not spell disaster

Nicolas Jaquier and Christine Reed discuss Petro’s surprise cabinet reshuffle, its short- and long-term implications, and how fixed income markets have reacted.

Capital Market Assumptions - April 2023

Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.

Nature’s balance sheet: biodiversity opportunities and risks

In the first episode of Sustainability with Substance, Portfolio Manager Stephanie Niven and analyst Sam Anthony discuss the importance of biodiversity and how they think about it from an investment perspective.

Public and private collaboration critical for achieving the SDGs

Following the recently concluded spring meetings of the IMF and World Bank, Annika Brouwer reflects on progress made in public finance reform, the need for and challenges of mobilizing private capital, and the imperative for policies and projects to incorporate a return objective.

As safe as houses?

Analyst Rebecca Phillips and Strategist Russell Silberston query whether houses are a safe investment and ask what are the economic implications when things go wrong.

Credit Chronicle: Q1 2023

Reflecting on a volatile first quarter, our Developed Market Credit team discusses turmoil in the banking sector and shows how this has driven higher-quality parts of the market to historically attractive valuations.

Multi-Asset Strategy Quarterly – April 2023

Iain Cunningham and Michael Spinks outline their cyclical growth view, and suggest that two primary forces remain underappreciated by financial markets; Sahil Mahtani takes a closer look at the semi-conductor industry, vital to modern civilisation, and yet facing a tumultuous period of growth; Russell Silbertson unpacks the latest thinking from leading central banks. Finally, we close with a succinct summary of our higher conviction asset class views, beginning with equities, moving on to fixed income, currency and closing out with commodities.

Focus on fundamentals as ‘free money’ era ends

The return of persistent inflation has forced central banks to hike interest rates aggressively, bringing an end to ‘free money’. Some companies are ill-prepared for higher rates and face deep earnings recessions. However, high-quality businesses with robust fundamentals should come into their own.

Emerging Market Debt Indicator May 2023

Michail Diamantopoulos shares insights gained on a recent trip to Israel and the wider EM Debt team provides an update across the rest of the universe.

Picture this: The ‘Big Shrink’ in high-yield markets

The US high-yield market has contracted by 11% since its peak in December 2021. The Multi-Asset Credit team explains what this means for investors.

Notes from the road: Israel

On a recent trip to Israel, Michail Diamantopoulos gained comfort over the near-term outlook for fixed income investors and found a nation that is ready to confront its structural challenges.

The case for Quality

In a softening economic environment, quality companies come to the fore. Clyde Rossouw explains how their repeatable revenues and strong balance sheets enable them to generate cash flows no matter what the macro picture.

Fixed income isn't necessarily the best way to deliver bond-like outcomes

The Credit Suisse crisis has called into question the defensive qualities of fixed income holdings. Traditionally, bonds are seen as ‘safe’ and equities as ‘risky’, but John Stopford argues this rather simplistic view of the world ignores the quality and breadth of securities which make up a company’s capital structure.

The debt ceiling - an inevitable increase, an unavoidable reckoning

Strategist Sahil Mahtani and Analyst Daniel Morgan say that it is easy to imagine worse scenarios.

From the multi-asset income desk: reaching the debt ceiling

Ellie Clapton and Jason Borbora-Sheen discuss two key topics on the multi-asset income team’s desk at present. The fallout from US regional banks and the impending US debt ceiling are at the top of the agenda.

Transition talks: real world transition stories

In this interview, we speak to Bridget Beals, Head of Climate Risk & Strategy at KPMG who talks to us about the engagements she’s having with companies across public and private markets and the transition plans she’s seeing from these companies.

Emerging Market Debt Indicator April 2023

This month, Nicolas Jaquier and Christine Reed discuss the surprise cabinet reshuffle in Colombia and what it means for investors. As always, the wider EM Debt team provides an update across the rest of the universe.

The case for Emerging Market Equities

Varun and Archie discuss the case for emerging market equities. The past decade could be characterised as more risk than return for emerging markets. But that may be about to change, with policy change in China is the key to unlocking it all.

Turkey at a crossroads

Grant Webster and Roger Mark look at how markets have reacted to uncertainty around this month’s historic elections in Turkey and find a more nuanced outlook for fixed income investors than recent market moves imply.

Future Leaders Forum: Demystifying the transition

Future Leaders Forum is back for 2023. For our first event, we cut through the noise around transition finance and provided the tools needed to be part of these crucial conversations.

Colombia: reshuffle does not spell disaster

Nicolas Jaquier and Christine Reed discuss Petro’s surprise cabinet reshuffle, its short- and long-term implications, and how fixed income markets have reacted.

Capital Market Assumptions - April 2023

Ninety One’s Capital Market Assumptions framework focuses on the key drivers of long-term performance. We do this to better understand possible future returns, enriching discussions with our clients.

Nature’s balance sheet: biodiversity opportunities and risks

In the first episode of Sustainability with Substance, Portfolio Manager Stephanie Niven and analyst Sam Anthony discuss the importance of biodiversity and how they think about it from an investment perspective.

Public and private collaboration critical for achieving the SDGs

Following the recently concluded spring meetings of the IMF and World Bank, Annika Brouwer reflects on progress made in public finance reform, the need for and challenges of mobilizing private capital, and the imperative for policies and projects to incorporate a return objective.

As safe as houses?

Analyst Rebecca Phillips and Strategist Russell Silberston query whether houses are a safe investment and ask what are the economic implications when things go wrong.

Credit Chronicle: Q1 2023

Reflecting on a volatile first quarter, our Developed Market Credit team discusses turmoil in the banking sector and shows how this has driven higher-quality parts of the market to historically attractive valuations.

Multi-Asset Strategy Quarterly – April 2023

Iain Cunningham and Michael Spinks outline their cyclical growth view, and suggest that two primary forces remain underappreciated by financial markets; Sahil Mahtani takes a closer look at the semi-conductor industry, vital to modern civilisation, and yet facing a tumultuous period of growth; Russell Silbertson unpacks the latest thinking from leading central banks. Finally, we close with a succinct summary of our higher conviction asset class views, beginning with equities, moving on to fixed income, currency and closing out with commodities.

Sustainability in a pivotal year

Vivienne Taberer

Sustainability highlights

Inaugural sustainability report

Vivienne Taberer

Portfolio Specialist

Emerging Perspectives - latest insights

Emerging Market Debt Indicator May 2023

Notes from the road: Israel

Emerging Market Debt Indicator April 2023

Turkey at a crossroads

Latest insights

Focus on fundamentals as ‘free money’ era ends

Emerging Market Debt Indicator May 2023

Picture this: The ‘Big Shrink’ in high-yield markets

Notes from the road: Israel

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