Livre blanc

Having fallen behind other markets in the post-COVID rally due to a lack of direct central bank support, we believe European ABS is set to outperform other parts of fixed income in the coming months as supply wanes and investors look to pick up on what we think could be a compelling relative value opportunity.

De nombreux marchés émergents résistent mieux qu’avant aux chocs externes et supportent mieux les pressions d’un dollar plus fort. Jusqu’à présent, ils ont été plutôt conservateurs dans leurs mesures de relance face au coronavirus. Cette situation promet des lendemains plus prospères.

Comment construire le portefeuille parfait ? La construction d’un portefeuille revient en quelque sorte à préparer un plat gastronomique, associant des ingrédients de qualité dans un équilibre parfait. Le gérant David Souccar explique quels sont selon nous les éléments qui permettent d’atteindre cet équilibre délicat entre risque et rendement.

This video explains how TwentyFour’s unique ESG integration process works, and how our purpose-built relative value tool, Observatory, allows our portfolio managers to monitor bond issuers’ ESG credentials on a daily basis.

Residential mortgage-backed securities (RMBS) are an under-utilised asset class for many investors, despite boasting some of the lowest default rates across the global fixed income market and offering higher yields and greater investor protections than vanilla corporate bonds of the same rating.

Scenarios for the US-China conflict and implications for the global economy.

The phrase "sustainable investment" is heard more and more frequently and is associated with very different expectations. This background paper gives a detailed explanation of the Vontobel Competence Center for Sustainable Investment's "best-in-class" approach for analyzing company sustainability, an approach used for equities and bonds.

Unbridled global population growth coupled with steadily increasing prosperity mean that resources such as land, water, and energy are being depleted at an ever increasing rate. At the same time, these resources are in short supply both worldwide and, as is increasingly the case, in certain countries.

In this paper, we observe the growing interest in Sustainable Investing globally and put particular focus on the trends in this space in the Nordics. Overall, Sustainable Investing is moving forward from its basic focus on screening to more applied approaches that integrate non-financial, ESG data into the investment case.