Name: Navigating the fracture between the real economy and bond markets
Start: 2020-10-27T10:00:00Z
End: 2020-10-27T10:00:21.000Z
Location: BrightTALK
Rating: 0

AB provides forward-looking perspective, independent research and investment discipline across asset classes, from equities and fixed income to alternatives and multi-asset portfolios.

Please join us for a replay of our recent webcast with Inigo Fraser Jenkins and Alla Harmsworth, AB’s Co-Heads of Institutional Solutions, as they take a deep dive into four key issues asset owners must address as they consider portfolio design in what’s likely to be another challenging year in 2023:
+ Liquidity is a growing concern, given the transition from quantitative easing to tightening, asset owners’ shift to more illiquid portfolios and expectations for more volatility in inflation and interest rates.
+ The public/private assets split is probably the most contentious allocation issue. There are still many reasons to increase private-market exposure, but the decline in public valuations and rising worries about liquidity raise questions.
+ The outlook for risk assets—particularly equities and high-yield bonds—is the subject of lively debate, as the world heads into a period that will see slower economic growth.
+ There is a large emerging difference in the relative supply and demand for stock vs government bonds that could influence the medium term allocation to these assets.

Four Strategic Allocation Issues for Asset Owners in 2023

Sustainable Challenges Sharpen Investing Opportunities: Can investors join the fight against climate change?

Reducing CO2 emissions will require a massive global effort. Bold policies, new technology and changes to consumer behavior are all needed to wean the world off its addiction to fossil fuels. The massive investments needed will create many opportunities for investors to participate in—and benefit from—global efforts to decarbonize the planet.

Join AB's David Wheeler, Portfolio Manager—Sustainable Climate Solutions, as he takes a deeper look at the investment opportunity climate solutions present and outlines how our approach focuses on a company’s carbon handprint, which measures the positive impact, or carbon avoided, by using its products.

Sustainable Challenges Sharpen Investing Opportunities

Equity markets have pulled back in the last two weeks as investors became more anxious about risks facing the US economy and Russia’s squeeze of European energy supply. In this video, Mark Phelps - CIO Concentrated Global Growth - says that despite market pressures, these tough conditions have not yet proved disastrous for many companies. In recent meetings with companies, Mark has been seeking to identify solid underlying growth drivers, and to uncover those with excessive cost pressure that could threaten margins.

Global Equity Market and Investment Briefing - 7 September 2022

While equity markets have recovered since July, the mood is feeling more bearish lately. In this video, Mark Phelps - CIO Concentrated Global Growth - says the market is still trying to figure out whether slowing growth is good news -because it could allow central banks to moderate interest rate hikes—or bad news for corporate profits. 
Negative surprises could push markets back to lows seen in June. Investors should think about how they want to position portfolios for the next 12 to 18 months and capitalize on potential market weakness to adjust accordingly.

Global Equity Market and Investment Briefing - 24 August 2022

Modern slavery is a clear risk to people and a growing concern globally. This social evil is so pervasive that consumers can unknowingly encounter modern slavery, and investors can have unintended exposures to it within their portfolios. While the industry is still in the early stages of what will likely be a long journey to identify and root out modern slavery, investors, companies and fund managers can all play critical roles. 

In this webinar, Saskia Kort-Chick, Director of ESG Research and Engagement—Responsible Investing, walks us through the steps that we as investors can take, through comprehensive research and engagement with companies, to not only identify, assess and report on modern slavery risks (and opportunities) but also strive to reduce them. This is the right thing to do, and it can drive better outcomes for investments and the world.

Modern Slavery Risk—How to Research it. How to Reduce it

Chris Hogbin explores the usefulness, and limitations, of third-party ratings.

Third-Party Ratings: A Starting Point

In order to truly understand ESG issues, our analysts must conduct in-depth, hands-on research and actively engage with issuers.

Why Investment Teams Need to Lead the ESG Integration Process

How AB's Responsibility Team collaborates with portfolio managers and analysts to integrate EGS issues throughout the investment process

Investment Teams & the Responsibility Team:  Collaboration in Action

How does the Responsible Investment team fit into the investment process

The Critical Role of the Responsible Investment Team

Michelle Dunstan, Chief Responsibility Officer at AllianceBernstein, explains how ESG integration can have a positive impact on Risk-Adjusted Returns

How ESG Can Improve Risk-Adjusted Returns

Managing the balance: Increased regulation in focus and the perspective for investors

As China’s economy opens up, the Chinese government is faced with a difficult task, as it tries to balance opening up its economy and capital markets as well as maintaining social stability.

Home to some of the fastest-growing and most innovative companies in the world, regulatory pressure has recently increased on many of the leading technology and education firms in China. Investors are questioning how to allocate to the Chinese market amidst the risk of increased regulation and the impact on markets and investments.

Portfolio Manager John Lin and Co-Head of Asian Fixed Income Jenny Zeng, both of whom are based in Hong Kong, will discuss the recent increase in regulation, the impact on different asset classes and the longer-term perspective for investors in our Q3 China Outlook webinar.

AB Q3 China Market Outlook

Asset Review and Outlook, Multi Asset

As Active Managers, ESG Integration and Engagement are at the very centre of our daily research and portfolio management processes at AB.

In this live round table discussion, we bring together our Global Head of Responsible Investment and some of our most experienced CIOs and Portfolio Managers to take a deeper look at what this means for us at a corporate level as well as examine how our investment experts apply it on a daily basis when researching stocks and constructing portfolios.

ESG in Practice: The Power of Engagement to Drive Positive Change

What are the next steps of the FOMC and how will this impact fixed income markets globally? 

The recent FOMC meeting concluded on a more hawkish note than in March. While monetary policy is set to remain accommodative for some time to come, investors are increasingly wondering how to position their Fixed Income portfolios for the Fed’s next steps towards policy normalization. Markus Peters will discuss the global fixed income outlook for the different areas, both developed and emerging, and will focus on several segments, ranging from government bonds to corporate bonds and emerging market debt. In his presentation, he will touch on effective diversifiers to traditional fixed income allocations amid the uneven economic recovery across the globe. Finally, Peters will put the rapid growth of the ESG bond markets into the spotlight, discussing the increased issuance from emerging market and high yield companies. 

Please join Alliance Bernstein to discuss where we see opportunities in the fixed income markets.

AB Fixed Income Outlook and Review

Equity investors are facing exceptional challenges as companies, countries and markets cope with fallout from the coronavirus crisis. Every fortnight Mark will provide his insights on the latest market events and how they might impact investment decision making within his Concentrated Global Equity Portfolio.

AB Global Equities Market and Investment Briefing - 13 July 2021

Equity markets have been in a powerful rally for more than a year.  But under the surface there have been big shifts in style and regional leadership.  In this webcast, AB’s Equity Senior Portfolio Manager Nicholas Davidson will examine the forces driving equity markets today, identify areas still offering attractive opportunities and highlight some of the risks that should be on investors’ radar screens.

What’s Going On in Equity Markets?

AB Global Equities Market and Investment Briefing - 29 June 2021

Equity markets have been in a powerful rally for more than a year. But under the surface there have been big shifts in style and regional leadership.

Investors today need to balance a challenging fundamental backdrop with the road to a full recovery likely to be long and the likelihood that governments and central banks will respond forcefully to any setbacks. It’s not just about disruption and dislocations caused by COVID-19 as there are other threats, such as the deteriorating global geopolitical environment. Yet, only an unlikely combination of economic disappointment and policy error would justify a negative view. 

Central bank support and ultra-low government bond yields will drive strong demand for higher-yielding credit sectors, even as fundamental conditions appear to deteriorate in the corporate market. With valuations still above long-term averages and the technical picture a positive one, investors should consider leaning into credit risk as the global economy heals and spreads continue to compress/normalize although being selective is crucial. Crossover (BBB/BB), banks and short maturity high yield bonds are currently among AB strongest convictions.

Navigating the fracture between the real economy and bond markets

AllianceBernstein

Fixed Income

Bond Markets

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Navigating the fracture between the real economy and bond markets

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