![2021.10-ESG-Thema#4-vignette-1390x467](/sites/default/files/styles/583x300/public/2021-10/2021.10-ESG-Thema%234-vignette-1390x467.jpg?itok=9UHRoxQo)
![2021.10-ESG-Thema#4-vignette-1390x467](/sites/default/files/styles/583x300/public/2021-10/2021.10-ESG-Thema%234-vignette-1390x467.jpg?itok=9UHRoxQo)
20/10/2021
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ESG Thema
ESG
ESG Thema #4 - Investing in the Circular Economy: Closing the loop
Circular Economy can be defined as an economic system of trade and production which, at all stages of the product lifecycle, aims to increase the efficiency of resource use and reduce environmental impact while developing the well-being of individuals.
![2021.10 - Shifts & Narratives #10 - Slider-1390x467](/sites/default/files/styles/583x300/public/2021-10/2021.10%20-%20Shifts%20%26%20Narratives%20%2310%20-%20Slider-1390x467.png?itok=IfEAx8aO)
15/10/2021
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Shifts & Narratives
Asset Allocation
Shifts & Narratives #10 - China is finally emerging from the US’s shadow
Today, with developed market equities highly correlated and bond yields remaining subdued, investors are searching for other sources of income. In this respect, China’s assets could prove to be a useful diversifier for global portfolios, as they are likely to become increasingly independent from US ones.
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14/10/2021
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Emerging Markets
Economy & Markets
Emerging Markets Charts & Views - Why EM could be back in focus in 2022
EM ready for a comeback, but volatility will remain high
![2021.10 - US value - Slider-1390x467](/sites/default/files/styles/583x300/public/2021-10/2021.10%20-%20US%20value%20-%20Slider-1390x467.png?h=59541118&itok=-zlYoi-a)
12/10/2021
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Equity
Higher rates provide a second chance to play US value opportunities
Nowadays, US value trades at its steepest discount to growth since 1999. However, declining Covid-19 cases, a broad-based economic recovery, prospects of higher interest rates as we progress out of the pandemic, and the return of persistent inflation pressures should help close the valuation gap between growth and value stocks.
![2021.10-Default-Pension-1390x467](/sites/default/files/styles/583x300/public/2021-10/2021.10-Default-Pension-1390x467.png?h=087da55a&itok=wR0vps1P)
07/10/2021
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Asset Allocation
Pension Funds
Strategic Asset Allocation for a Default Pension Plan
This literature review discusses how to design a default life-cycle asset allocation for a defined contribution (DC) pension scheme.
![Working-paper.jpg](/sites/default/files/styles/583x300/public/images/2021-01/Working-paper.jpg?h=a4cec33c&itok=_uIvXOlm)
06/10/2021
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Asset Allocation
Liquidity Stress Testing in Asset Management - Part 3. Managing the Asset-Liability Liquidity Risk
This article is part of a comprehensive research project on liquidity risk in asset management, which can be divided into three dimensions.
![2021.10-slider-thematic](/sites/default/files/styles/583x300/public/2021-10/2021.10-slider-thematic.jpg?h=59541118&itok=dxKdYg8O)
06/10/2021
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Investment Outlook
Fixed Income
Fixed Income markets: what will be key?
Eurozone and US sovereign bond markets have partially reversed the decline recorded over the summer.
![2021.10-slider-thematic-global-views](/sites/default/files/styles/583x300/public/2021-10/2021.10-slider-thematic-global-views.jpg?h=59541118&itok=M4kAhbuI)
06/10/2021
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Investment Outlook
The Eurozone Gordian knot: how to reform the fiscal framework without abandoning fiscal discipline?
Reforming the European fiscal framework would improve the resilience of the Eurozone...provided that fiscal discipline is not abandoned.
![2021.10-slider-thematic-outlook](/sites/default/files/styles/583x300/public/2021-10/2021.10-slider-thematic-outlook.jpg?h=59541118&itok=epDcyjB7)
06/10/2021
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Investment Outlook
Upcoming 2022 Outlook: From European autonomy to strategic sovereignty
The pandemic has highlighted Europe’s dependency on several critical goods, including pharmaceutical products and medical equipment.