Why we believe that actively engaging with companies can lead to better investment outcomes.
ESG (environmental, social, governance) investing has evolved considerably over the last two decades, from simple stock-exclusion strategies to more specialized thematic, engagement and impact-oriented solutions. Despite this strategic evolution, we believe...
The last 18 months have been an historical period of value factor underperformance. Risk-averse investors have turned stock prices upside down. Cheap stocks have been underperforming for the last 18 months, while expensive stocks are overperforming. The...
The UK pensions landscape has changed; we’re now seeing greater contributions into DC schemes than DB for the first time, prompting a shift from schemes to look beyond traditional asset classes to deliver best outcomes for members.
In an increasingly protectionist world, plagued by escalating trade tensions, the export-focused German economy is clearly suffering. We look ahead and explore the investment implications of a weaker German economy.
Newton Investment Management’s Mark Hammond considers the case for including absolute-return bond strategies in DC default strategies
In this Q&A, Mike O’Brien, Director of Global Trading, offers his insights into how the trading desk seeks to add alpha to the investment process.
As DB pension schemes de-risk, longevity risk becomes more and more important says Howard Kearns, Longevity Pricing Director at Insight Investment
The first generation of ESG strategies excluded whole sectors from investors’ portfolios. Such approaches are still widely used, but investors may be underestimating their impact on portfolio diversification.
Industry Voice: Economic policy or economic growth? What matters most for sovereign bond quality and performance? See Eaton Vance's latest report
In this paper, Marshall Stocker, Ph.D, CFA, explores the key drivers of sovereign bond ratings, spread performance and frequency of defaults, paying particular attention to the determinant role that economic policy plays.
Given the modest size of the UK IG corporate bond market, we believe a globally-focused and actively managed IG corporate portfolio and a careful portfolio construction can help UK DB schemes.
Too many Diversified Growth Funds (DGFs) have left UK investors disappointed with performance. In this paper, AllianceBernstein show how a DGF can be designed with clear objectives, constructed using guidelines that are genuinely outcome-oriented, and...
Flexibility means having the freedom to invest strategically across fixed-income markets. In this paper, we look at how flexible strategies generate returns by allocating capital and risk across the credit spectrum.
A flexible, all-weather approach to credit investing has risen in popularity during the past decade. We look at how flexibility has helped credit investors capture income in a low-yield world and manage duration risk.
Jon Bell continues Newton Investment Management’s series of DC columns, discussing ESG
Industry Voice: New country research head explains how role will enhance Eaton Vance's edge in EM debt
This Q&A focuses on the recent appointment of Dr. Marshall Stocker as Director of Country Research within the Global Income team and what this means for the firm’s EM debt clients
Deficit contributions and favourable asset returns in recent years have led to improved funding positions and our analysis suggests buying out scheme liabilities with an insurer is now a realistic medium-term goal for the majority of FTSE 350 companies...
As monetary policy seems almost exhausted, could fiscal easing kick-start growth and take us out of the low rate, low growth environment that we have been in for 10 years?
2018 was a testing year for master trust investment performance. Michael Ambery looks at how different strategies fared during a difficult 12 months
The default investment strategy of master trusts is critical to their success. AllianceBernstein’s David Hutchins shares his views of best practice