Published by: BNP Paribas Investment Partners
Debt arises when an economy transforms its savings into investment. Some observers argue that China’s debt-to-GDP ratio, estimated at close to 250% in 2015, has reached a point that could soon trigger a systemic collapse. This paper goes back to the basics to assess the situation.
Published by: S&P Dow Jones Indices
Corporate sentiment, investor holding data, and secular trends highlight the short-term pressures companies face. A coalition of large-asset owners has realized the need for change and has put forth its recommendations on how the asset owner community can adopt long-termism principles.
Published by: Fischer Francis Trees & Watts, a BNP Paribas Investment Partner
Institutional portfolios typically hold a significant allocation of foreign currency denominated assets. Left unmanaged, this currency exposure receives little or no risk premium and adds unwanted volatility. This paper outlines best-practice solutions to be considered when addressing currency exposures.
Published by: Jensen Investment Management
At Jensen, we define quality somewhat differently. We invite you to read the article below, as we explore the pros and cons of our unique definition of quality and how it relates to the broader market landscape through various market cycles.
Published by: Community Capital Management, Inc.
Correlations between equity and corporate fixed income indices have historically been highest during times of negative equity returns, thus reducing the benefits of diversification. The paper discusses why taxable municipals can be a great alternative to corporate bonds in diversified portfolios.
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