Welcome to the FIS Digital June 2020 content hub
The Fiduciary Investors Symposium June 2020 program addressred the pertinent issues for investors in navigating a crisis environment. It explored the leadership and investment issues in the short and long term including the changing nature of the global economy, the disruption to portfolio construction, liquidity and risk management issues, and the need to fast-track purpose before profit.
articleGeopolitics
Biden’s focus: Climate, China and Jobs
PGIM's chief economist and head of global macroeconomic research, Nathan Sheets, outlines what Biden's priorities will be and how his key appointees will lead their departments. He also explains why he believes inflation will remain low and that investors will increasingly move into risk assets.
Session recordingAsset allocation
Investor-led workshop
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingCOVID-19
Why the COVID crisis is consumer crisis
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingStakeholder capitalism
Stakeholder capitalism and the test…
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingMacro-economic outlook
Is the present a predicator of the fut..
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingGeopolitics
Resilience, diversification and policy
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingGeopolitics
What will monetary and fiscal policy…
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingGeopolitics
The global state of democracy
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingGeopolitics
The US election – What now?
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
Session recordingCOVID-19
The vaccine
This session looks at the development of a vaccine for COVID-19 and what cooperation is needed to fight the virus.
articleCOVID-19
Europe’s response to COVID-19
European real GDP is now projected to contract by 7 per cent in 2020, its biggest decline since World War II, followed by a rebound of 4.7 per cent in 2021. But the recovery’s strength will depend crucially on the course of the pandemic, people’s behavior, and the degree of continued economic policy support.
articleCOVID-19
COVID-19 hits retirement system adequacy
COVID-19 has exacerbated retirement insecurity and governments need to use this as an opportunity to examine their system inadequacies and make improvements according to David Knox, partner at Mercer and author of the annual Mercer CFA Institute Global Pension index which measures adequacy, sustainability and integrity of 39 retirement systems.
articleCOVID-19
Economic future very precarious: IMF
The global macro-economic future remains precarious amongst huge uncertainties according to the head of the capital markets department at the IMF, Tobias Adrian, who warns of fragilities including the disconnection between the real economy and financial markets, and growing debt, as potential interruption to future growth.
articleMacro-economic outlook
Florida: Opportunities in a crisis
The Florida State Board of Administration has made some strategic moves to take advantage of opportunities in the dislocation, including in private equity, distressed debt and active listed equities.. But CIO, Ash Williams, is concerned about the underlying real economy.
PodcastStakeholder capitalism
The importance of engagement
A conversation with Stephen Kotkin, Professor in History and International Affairs, Princeton University.
articleStakeholder capitalism
Companies actions at odds with purpose
Being a signatory to the Business Roundtable’s statement of the purpose of a corporation did not bear fruit when it came to a company’s responsiveness to COVID-19 pandemic and inequality issues, a groundbreaking new initiative has revealed.
articleGeopolitics
Sustainability lacks global solidarity
Princeton University Professor of International Affairs, Stephen Kotkin explains why large global investors and multinationals can lead on sustainability but national governments fail.
PodcastStakeholder capitalism
Looking forward with the PRI
A conversation with Stephen Kotkin, Professor in History and International Affairs, Princeton University.
articleCOVID-19
Much more change to come
Amanda White looks back at the past six months, how investors have reacted and what change is yet to come.
articleCOVID-19
Asset owners adapt and respond to COVID
The Responsible Asset Allocator Initiative finds that 25 leading public pension and sovereign wealth funds, with assets of $6 trillion, are investing tens of billions of dollars in COVID-19 solutions and in funds to support stricken companies. Here they look at what the leading asset allocators around the world are doing to respond to the pandemic.
articleCOVID-19
Investors outline actions for resilience
Global economic activities will not be back to pre-COVID levels until 2022 according to CPP Investments’ outlook, with the giant Canadian investor expecting the situation to get worse before it gets better.
articleCOVID-19
Five lessons from the COVID-19 crisis
The coronavirus pandemic sparked a surge of volatility across global financial markets. In this paper, MSCI looks at five key lessons for investors from the crisis, including that managing factors was more critical than picking stocks.
articleCOVID-19
COVID-19 impact far from over
New research looking at the impact of COVID-19 under different scenarios – from opening of economies to no vaccine – suggests the economic consequences of COVID-19 under all scenarios is substantial and the ongoing economic adjustment is far from over.
articleCOVID-19
IMCO uses nimbleness to advantage
Meticulous planning for the next market crash, and an eye on liquidity, meant IMCO was well positioned to invest, particularly in credit, when the opportunity arose. The fund continues to use its agility to its advantage and is now looking for opportunities in private markets.
articleCOVID-19
Alternative data as a market predictor
It is critical to analyse how much COVID-19 could impact the US economy and stock markets but most of the traditional factors or economic indicators will lag the market movement. Therefore, alternative datasets other than the financial data show their explanation power to provide insights into the pandemic. This article, by academics at Tsinghua University, University of Illinois and Carnegie Mellon University, looks at the pattern of the market fluctuation from the perspective of alternative data.
PodcastStakeholder capitalism
Overcoming deepening inequality: CalPERS
A conversation with Stephen Kotkin, Professor in History and International Affairs, Princeton University.
PodcastStakeholder capitalism
The path to a sustainable economy
A conversation with Stephen Kotkin, Professor in History and International Affairs, Princeton University.
articleCOVID-19
Pandemic, recession, economic crisis
COVID-19 has delivered an enormous global shock, leading to steep recessions in many countries. The baseline forecast by the World Bank envisions a 5.2 per cent contraction in global GDP in 2020—the deepest global recession in decades.
PodcastStakeholder capitalism
The need for urgent action on climate
A conversation with Stephen Kotkin, Professor in History and International Affairs, Princeton University.
articleCOVID-19
Building better retirement systems
The global COVID-19 pandemic has highlighted the need for better risk management tools to handle longevity and ageing. This paper by Wharton's Olivia Mitchell, offers an assessment of the status quo prior the coronavirus; evaluates how retirement systems are faring in the wake of the shock; examines insurance and financial market products that may render retirement systems more resilient for the world’s ageing population; and looks at the potential role for policymakers.
ArticleCOVID-19
Building back better
For the economic recovery from the COVID-19 crisis to be durable and resilient, a return to ‘business as usual’ and environmentally destructive investment patterns and activities must be avoided. To avoid this, economic recovery packages should be designed to “build back better”.
PaperCOVID-19
Fiscal recovery packages and climate
As we move from the rescue to the recovery phase of the COVID-19 response, policy-makers have an opportunity to invest in productive assets for the long-term.
articleFIS Digital 2020
Transition portfolios of stocks and cash
Forget traditional portfolios of stocks and bonds, in portfolios of the future, low yielding bonds could be ditched for cash suggest FIS2020 Digital panellists.
articleFIS Digital 2020
Dangers in the next policy response
FIS 2020 Digital delegates heard how the monetary response has successfully managed many elements of the crisis so far. Getting the next phase of the policy response right, particularly navigating fiscal policy, will be more challenging.
articleFIS Digital 2020
Pandemic highlights operational risks
A combination of factors caused by the pandemic has created unprecedented operational risk for institutional investors, including increasing cyber risk.
articleFIS Digital 2020
Prepare for new Asia-led regionalism
Globalisation will be replaced by a new regionalism with Asia at its heart. Coupled with automation and AI increasingly replacing traditional labour-intensive production, emerging economies with a youth bulge face challenging time ahead, according to Ian Goldin, professor of globalisation and development, Oxford University.
articleCOVID-19
Sustainable and inclusive: recovery
As policymakers consider policy interventions to support the recovery, investors should be engaging policymakers by providing technical expertise and allocating capital to sustainable investments. A new report by PRI presents a series of recommendations for investor policy engagement and indicative proposals for action.
ArticleGeopolitics
Kotkin’s mega trends: Deadends & despair
Political regimes around the world are stuck in a series of dead-ends and despair. Most importantly, the China-US relationship has hit a brick wall as their fundamentally different values and interests clash. Deterrents and robust policy is the only way forward, says Stephen Kotkin, professor in history and international affairs, Princeton University.
ArticleInequality
Duflo says credit ratings punish poor
Nobel prize winner Esther Duflo suggests institutional investors can help alleviate poverty by fostering new supply chains and looking beyond a country's credit rating. She said there is an "unacceptable" level of poverty amongst Africa Americans and Latinos who are keeping the US economy going but dying for it.
ArticleStewardship
Robeco hails the power of stewardship
Global asset manager Robeco has found proactive stewardship triggers important changes in corporate behaviour. Chief executive Gilbert van Hassel urges FIS 2020 Digital delegates to do the same.