Insights

Today’s market continues to offer insurers an attractive proposition for real estate debt investment, characterised by good relative value. This paper explores the key features of the asset class and how investor requirements and regulatory constraints can be accounted for, and portfolios optimised from a capital efficiency perspective.

This paper explores opportunities in the European property market.

In January 2019, regulations were introduced to help revive European ABS issuance via a new Simple, Transparent & Standardised (STS) framework. This significantly reduces capital charges for insurers to hold high-quality ABS compared to previous requirements under Solvency II.

Negative yields are widespread across significant swathes of the world’s bond markets at the moment. This paper considers what rationales there may be for this phenomenon being justified.

Given there is no political or regulatory will to relax capital standards any time soon, banks have to look for alternative solutions to manage their capital. We explain how structural shifts in the European banking landscape are creating opportunities for banks and investors alike.

Real estate investors in the Asia Pacific region are continuing to enjoy steady returns despite an increasingly challenging macroeconomic climate in many of the world’s economies. We forecast a total return of 8.7% in 2019, supported by stable growth of APAC developed markets.

Private debt, as a term, is often used interchangeably with ‘direct lending’, but in reality the asset class encompasses a range of different investment opportunities that extend far beyond this. We look at what’s attracting investors to Europe’s private debt markets and how they can make the most of opportunities in a diverse, yet evolving asset class.

European banks have hitherto guarded performing consumer loans very closely, but now regulatory pressures are forcing them to rethink this approach. Read the paper to find out what factors support the case for making an allocation to European consumer credit as part of diversified investment portfolio, and why we believe the asset class is one of the most exciting opportunities in private credit.

Incorporating ESG considerations into managing global high yield and emerging market corporate strategies is becoming increasingly important and attractive to institutional investors.

Impact investment is becoming increasingly scalable and inclusive to a wider set of investors looking for investable solutions that can offer tangible, real world impact alongside attractive returns. There are now several ways in which investors can access impact opportunities, and this paper takes a close look at impact investing through private debt and listed equity markets, respectively.