Investors are increasingly moving towards a greener and more sustainable approach, driven indirectly through regulations and more directly through meeting heightened stakeholder expectations. In this live and interactive webinar we will analyse what sustainable investing means at RLAM and the specific themes that shape our approach. We will provide insights from a fixed income perspective and an assessment of the key challenges, risks and pitfalls that can come with sustainable investing within credit.
Please join Chris Mills, Institutional Client Solutions Director, alongside Shalin Shah, Senior Fixed Income Fund Manager, and Matt Franklin, Senior Credit Researcher as they share our views on how best to construct a sustainable credit investment portfolio.
The recent pandemic has created a period of intense uncertainty and volatility in markets but it has been a catalyst for change. There are opportunities for those that can adjust to this evolving backdrop and many listed companies in UK small and mid cap are doing just that. Digital innovation, lifestyle changes, market consolidation and supply chain security are just some of the thematic drivers that are accelerating the growth backdrop for these companies.
Henry Lowson, Head of UK Alpha Equities, discusses recent portfolio activity which has focused on identifying these opportunities.
Head of Responsible Investment, Ashley Hamilton-Claxton and Responsible Investment Operations Manager, Beth Goldsmith, will provide an overview of the activity undertaken by the team over the past year including the stewardship of RLAM’s investments and the integration of ESG into investment processes. They will also provide an assessment of current themes in the market, such as SFDR and TCFD and conclude with an outlook on how the landscape for responsible investing may evolve.
The race to zero emissions is gaining momentum and decarbonisation commitments from corporates and governments are increasing ahead of the next UNFCCC COP26*. The apparent gap between the science-based emissions’ reductions required to halt climate change and the trajectory of the economy seems to be closing, as shown in the recently published International Energy Agency (IEA) Net Zero 2050 scenario modelling. But what is the size of the gap? How trustworthy are these Net Zero commitments? And, what is RLAM’s role in achieving Net Zero and helping our clients to fulfil their own climate commitments? Following the recent publication of our Stewardship & responsible investment 2021 and 2020 TCFD reports, Carlota Garcia-Manas, Head of Engagement and Simonetta Spavieri, Responsible Investment Analyst will share insights on RLAM’s climate strategy: they will unravel the climate regulatory maze, highlight the shortfalls and improvements in climate metrics and provide examples of how all this influences RLAM’s ambition to be a catalyst for a Paris-aligned economy.
*United Nations Framework Convention on Climate Change, 26th Conference of the Parties.
As yields have reached an all-time low, Head of Alpha Strategies, Paul Rayner will outline his thoughts on whether government bond markets should still be viewed as a ‘risk off’ asset allocation. With record levels of financial stimulus from central banks, Paul will consider the inflationary effect and whether the risks associated with governments bonds should be re-considered. He will also provide a view on what the future may look like for this perceived ‘safe haven’.
Head of Multi Asset, Trevor Greetham and Senior Economist, Melanie Baker consider how inflationary pressures are very much in evidence as developed economies re-open. However, they believe fiscal and monetary policy is extremely loose and policy makers appear to be in no hurry to tighten.
Trevor and Melanie will debate:
• What are the risks that a short term burst of inflation will become more entrenched?
• Which sectors and asset classes are most likely to protect purchasing power?
• Does this period finally spell the end for the bull market in bonds?
• Should investors be looking to diversify more broadly, to protect wealth and to capitalise on emerging trends?
Head of Rates and Cash, Craig Inches will provide a summary of cash rates, credit spreads and a view on the direction that base rates may head towards. Craig will argue that although negative interest rates no longer seem imminent, yields remain low and RLAM provide a range of cash solutions which aim to meet different client objectives. He will provide an update on how ESG is being integrated into the security selection process before finishing with a market outlook for the remainder of 2021.
Government bond yields rose significantly over the first quarter of 2021. Head of Sterling Credit, Paola Binns will provide an insight into the reasons why before a more specific update on how the market has impacted key funds. Paola will provide an overview on positioning and liquidity within the respective funds, which differentiates them from peers in the market, before concluding with a market outlook for the remainder of the year.
Will Kenney, Senior Fund Manager, reviews the current environment and whether inflationary pressures may be transitory or become more established. Will evaluates the impact this may have on the Global Equity team’s bottom up, stock specific, corporate lifecycle investment process.
Trevor Greetham, Head of Multi Asset, explains why the investment clock is currently in an overheat position and the rationale for the asset allocation within RLAM’s risk-rated multi asset funds. He also highlights why investors may see more rotation than appreciation in stock markets over the coming months.
As the global economy reopens, Head of Multi Asset, Trevor Greetham, explains why he thinks we may see more rotation than appreciation in stock markets as highly valued technology shares struggle in the face of rising bond yields. A more inflationary post-Covid recovery should benefit multi asset portfolios with higher weightings in commodities, UK equities and commercial property in his view.
Head of Fixed Income, Jonathan Platt and Senior Client Portfolio Manager, Ewan McAlpine will provide an overview of fixed income markets in Q1 2021 and an outlook for the year ahead. Jonathan and Ewan will cover the rise in yields, particularly in Q1, the shape of the yield curve and the direction in which yields may head to next. They will discuss the performance drivers in bond markets and the importance of income.
Finally they will conclude with their thoughts on a recovery and the possibility of inflationary pressure and interest rate rises further down the line.
In this session, Head of Sustainable Investments, Mike Fox and Senior Fund Manager, Shalin Shah, update on current themes across sustainable investing. Mike will cover recent developments and how the RLAM fund range has evolved over time, while Shalin will focus on providing an update on the fixed income funds and address the ‘green bonds’ label. Shalin will explain the potential flaws in readily available external research and the benefits of a rigorous in-house approach.
Gain an insight into corporate lifecycle investing and how a differentiated stock selection approach has delivered over the past 12 months. Fund Manager Niko de Walden will address why income is still relevant, where it is on offer and why investors should consider global equity income investing.
Fund Manager and Head of Equities Peter Rutter, will provide an overview of the fund’s investment approach, which differentiates stocks across their respective lifecycles. Learn how this is used to build a relatively neutral style, diversified portfolio, designed to deliver strong performance across different market environments.
Fund Managers Mike Fox and George Crowdy will present on how the fund has delivered over the past year. Gain an understanding of Mike and George’s review of the past 12 months, why investors should consider sustainable investing at RLAM and the opportunity set available for global investing.