Low purity can seriously hinder thematic investors
AI is going to change the world, but which companies will benefit most from that trend? Investors who put money into trends and themes such as AI look for a solid benchmark to determine the purity of their investments. The goal is high purity. That does not always work out.
ESG is measured wrong, says Dan Ariely. His fix is beating the S&P500
Dan Ariely has devoted his career to understanding irrational behavior. According to the Duke University professor of psychology and behavioral economics, ESG investors are the perfect test group. They focus, he says, on what is easy to measure rather than on what actually matters for returns.
‘It’s too early to withdraw into a bear cave’
Stretched valuations alone are not enough to derail the equity market as long as the economic backdrop remains stable, says Johanna Kyrklund, group CIO at Schroders.
Art investors puncture own investment case at Deloitte’s New York forum
At the Deloitte Private Art & Finance Conference in New York, art investors did something almost unheard of: they dismantled the investment case for their own asset class.
‘Cocos have never been safer’
The solid balance sheets and high profitability of banks provide a strong foundation for deeply subordinated bank bonds. They offer high returns at low risk.
As banks retreat, private lenders take the wheel
A good fifteen years after the global financial crisis rewired the world’s credit circuits, a new generation of credit masters now sits in the driver’s seat of corporate finance.
Blackrock’s latest loss widens rift between private credit yays and nays
New loan failures have reignited debate over the health of private credit. The bankruptcy of Renovo Home Partners last week has drawn warnings about the quality of the underwriting and possible systemic risks. Industry veterans push back, saying media coverage borders on sensationalism.
Over 1 billion euro in Robeco’s active ETFs
About a year after launching its first active ETFs, Robeco has attracted more than 1 billion euro in assets. Four of the six listed index trackers now hold over 100 million euro each—a key threshold for institutional investors.
Baillie Gifford shifts growth hunt to private markets
To spot the next Tesla or Nvidia in time, Baillie Gifford is increasingly seeking growth opportunities outside the stock market. Tomorrow’s biggest winners are staying private longer, meaning most of the value creation now happens before the IPO.
Major banks bet on infrastructure as a building block in private markets
Within private markets, interest in infrastructure is growing. Both ING and Rabobank are positioning this investment category as a “building block” in their private markets offerings. Goldman expects a larger asset allocation from institutional investors in the coming years.