Funds Management

The big institutional investors that have thrown their weight behind the transition can’t get enough wind and solar. But that means a lot of money is now chasing a small chunk of global emissions, according to Kerogen Capital.

It’s been one of the most disappointing regions in the world in terms of performance, but Pzena Investment Management thinks China’s bombed-out equity market presents “a real win opportunity”.

Equities are surging as asset allocators come to grips with the market environment and private markets are going backwards, according to bfinance, while fears of an ESG “backlash” appear overstated.

The big technology companies are probably good companies, but the disconnect is in their valuations. For Pzena Investment Management, it’s 2000 all over again.

Owning the largest stocks has historically been a recipe for underperformance over every period, according to value house Pzena, but the madness of benchmark construction means some investors have few choices but to.

A hurricane doesn’t cause a financial crisis, and a financial crisis doesn’t cause a hurricane – so investors are increasingly eyeing the lucrative and uncorrelated returns of the cat bond market.

Historical investment skill means managers might have better odds of outperforming in the future, according to new research from Essentia Analytics that chips away at the conventional wisdom of manager selection.

There’s been good times and bad times for the EM set, but they’ve exited Covid monetary settings well ahead of their developed market peers and their debt is back en vogue.

A second Trump presidency would see a new era of American economic protectionism, according to Allspring, sending inflation higher and global growth lower. And that’s without factoring in potential threats from China and Iran.

It’s not just FOMO. Truly innovative business models are helping push stocks higher, says Capital Group, and for some of them there’s a lot more growth to come.

While Japanese equities are back en vogue for the institutional investor set, not everybody is convinced, even as multinationals descend on the country and domestic corporates lift their governance game.

In the first half of 2022 the market fell almost as much as it did when Europe tumbled into World War Two. Then it reversed course – and famed bubble spotter Jeremy Grantham says a new artificial intelligence bubble is the cause.