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Global views and trends

The Intelligence Report – 26 February 2019

February 26, 2019 -

     

This document is intended for Institutional Investors (as defined in the Securities and Futures Act, Chapter 289 of Singapore) only and is not suitable or intended for persons who do not qualify as such.

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.

Europe leads the way towards sustainable finance

Europe’s ambitious Action Plan puts forth 10 specific action points to make European financial markets more sustainable and climate-resilient.

Where have all the earnings gone?

US companies’ earnings growth following the Q4 2018 sell-off could slow to the point of an ‘earnings recession’. But – outside energy and tech – the outlook may not be as bleak as it first appears.

Sustainability: now at the core of factor investing

Factor investing strategies can maximise portfolio returns while reducing risk. Adding ESG objectives to such strategies adds sustainable investing as a third dimension in addition to the return and the risk.

In the next downturn, who will call the shots?

A “Great Instability” has followed the Great Financial Crisis and the risk of radical disruptive change looks high, with potentially profound implications for investors.

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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.

 

On the same subject:
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Beware the risks of a fragile goldilocks