Option-adjusted spreads for US high yield are above 700 basis points, a stress event threshold only breached four other times in the last two decades. Mercer’s Nathan Struemph examines the considerations for investors looking at these investments including the range of return outcomes in prior stress events, the path investors had to experience in reaching those outcomes, and the impact of implementation timeliness on returns.
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.
We assess the potential for a more sustainable recovery from the latest global crisis.
Newton Investment Management is a global investment management firm, providing, in partnership with its parent company BNY Mellon Investment Management, a focused range of investment strategies to public funds, corporations, and individuals.
We speak to Prof Rob Hyndman about the ideas around forecasting, COVID19, and why causality doesn’t matter as much as it should.
COVID-19 has revealed some fundamental design flaws in our global economy, including the relentless pursuit of economic growth – not only at the expense of the environment but also at the expense of people. The investment industry has a role to play in fixing these design flaws. A systems framework for investing could be the answer.
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The publication pushes the industry to question whether status quo processes and behaviours to tackle risks and opportunities will be sufficient in the future, and actively campaigns for diversity, sustainability, transparency, innovation and better alignment of fees in the investment industry.
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