![2018-09-paper-value-quality.jpg](/sites/default/files/styles/583x300/public/images/2021-01/2018-09-paper-value-quality.jpg?h=a4cec33c&itok=RO9R_Hun)
![2018-09-paper-value-quality.jpg](/sites/default/files/styles/583x300/public/images/2021-01/2018-09-paper-value-quality.jpg?h=a4cec33c&itok=RO9R_Hun)
20/09/2018
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Equity
European Equity: Combining value and quality in this new market phase
We believe we have entered a mature stage of the financial cycle amid central bank monetary policy normalisation (more advanced in the US) and decelerating economic growth globally.
![thematic-paper-2018-05-slider.png](/sites/default/files/styles/583x300/public/2021-01/thematic-paper-2018-05-slider.png?h=a4cec33c&itok=3rRqxSKc)
09/05/2018
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Fixed Income
Cross road: the landscape of the fixed-income market
Two events pushed down Eurozone sovereign spreads in 2017: the French presidential election in April & May, which dissipated investors’ fears about Eurosceptic movements, and the announcement on 26 October of a smaller-than-expected reduction in ECB’s QE for 2018 (monthly purchases lowered from € 60 bn to €30bn).
![2018-05-insight paper](/sites/default/files/styles/583x300/public/2021-03/2018-05-insight%20paper-Slider.png?h=a4cec33c&itok=gCfJzeg1)
09/05/2018
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Fixed Income
Rethinking fixed income investing when the easy money is coming to an end
Core fixed income allocation, usually comprising high-quality government and corporate bonds, has played a relevant role in diversified portfolios over the last few decades.
![2018-03-DP30_Shareholder-activism.png](/sites/default/files/styles/583x300/public/images/2021-01/2018-03-DP30_Shareholder-activism.png?h=a4cec33c&itok=C11ymN5P)
16/03/2018
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ESG
Shareholder Activism: Why Should Investors Care?
Institutional investors have large and diversified portfolios with substantial company ownership and strong incentives to monitor and influence the firm’s business. Active ownership is becoming a key component of their investment process.
![2018-02-01-US-Credti.png](/sites/default/files/styles/583x300/public/images/2021-01/2018-02-01-US-Credti.png?h=a4cec33c&itok=XQNLcUns)
02/02/2018
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Fixed Income
US credit: don't worry about the macro, focus on technicals
What should we expect for US credit in 2018, in a context where spreads and volatility are closing in on cycle lows? We are already in the late phase of the cycle.
![Slider.png](/sites/default/files/styles/583x300/public/images/2021-01/Slider.png?h=a4cec33c&itok=HayqwPh8)
12/12/2017
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Fixed Income
Credit Continuum: How to make it happen
We have been living for the past few years under an unprecedented regime of unconventional monetary policies. Abundant liquidity poured into developed economies has had a number of consequences on financial markets: very low and sometimes negative interest rates, inflation of asset prices under the pressure of investors starving for returns.
![Cross-Asset.jpg](/sites/default/files/styles/583x300/public/2022-03/2022-CROSS%20ASSET%20GettyImages-993313430.jpg?h=31b6ea7b&itok=4AeMrK7S)
18/12/2015
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Investment Outlook
Hybrid Pensions Schemes with Risk-Sharing: Are They the Future of Occupational Pensions?
The sustainability of occupational pension systems is under threat in many countries. Setbacks include a structural increase in liabilities due to longer life expectancy, the harmful effects of financial crises on investment returns, unusually low interest rates that prompt a search for yield from riskier or less liquid investments, and stricter pension regulation.