How to make our cities green and smart for real

Regístrate a una nueva sesión en castellano de DWS Trend Talks sobre Perspectivas de Mercado con Mariano Arenillas, Head of DWS Iberia.

Please join DWS’s ESG TALKS webinar series where Michael Lewis, Head of ESG Thematic Research and Murray Birt, Senior ESG Strategist, discuss current issues impacting responsible and sustainable investing. They will be joined by ESG experts externally and from across the DWS platform incorporating all asset classes and business lines.

On Thursday 26 November at 9:30 am GMT, Michael and Murray will be joined by Gunnar Friede, Head of ESG, Multi-Asset & Solutions. Together they will discuss the rise of stakeholder capitalism and why Milton Friedman got it wrong half a century ago. Shareholder first’ was not always the dominant framing of business purpose. We put this into a historical perspective and build on its evolution with empirical evidence.

Agenda:
_ The history of the shareholder versus stakeholder debate
_ How investor and corporate perception and behaviours are changing
_Towards a new framing of business purpose

Speakers:
_ Gunnar Friede, Head of ESG, Multi-Asset & Solutions
_ Michael Lewis, Head of ESG Thematic Research
_ Murray Birt, Senior ESG Strategist

Regístrate a una nueva sesión en castellano de DWS Trend Talks sobre Perspectivas de Mercado con Mariano Arenillas, Head of DWS Iberia.

Looking ahead while watching the step

Fixed Income markets have delivered a strong and continuous rally since the March turbulence that impacted all bond segments but most severe in credit and emerging markets. Consequently, yields of high-grade government and covered bonds have declined to all-time lows and credit spreads have almost reached pre-Covid-19 levels.There are many bonds across the various sub-segments of credit markets that are still trading at elevated spread levels by margin.The key question is which fixed income opportunities are suitable for the current market environment as we are approaching the end of the year?

In this context, we will highlight the fixed income funds:

_DWS Eurozone Bonds Flexible
_DWS Invest Short Duration Income

The lead portfolio management team of Oliver Eichmann (Head of Rates EMEA) and Markus Wiedemann (Co-Head of Credit EMEA) will join this webinar to discuss the fixed income opportunities and their outlook and provide an insightful view into the positioning and allocation shifts of DWS Eurozone Bonds Flexible.

The European Energy Efficiency Fund is glad to invite you to its first webinar on technical assistance programmes and how these instruments enable sustainable energy investments.

Agenda:
Ralf Goldmann – European Investment Bank, Head of the Energy Efficiency Division
Margot Pinault – European Commission, Policy officer at the General Directorate for Energy
Karin Rosales – European Energy Efficiency Fund, eeef Technical Assistance
Michele Caccamo – Italian Ministry of Defense, Head of Energy&Public Buildings Task Force
Daniela Bachner – European Commission, EASME Project Advisor
Bjoern Zapfel – European Commission, EASME Senior Project Advisor
Louise White – European Investment Bank, ELENA
Irena Pavliha – Goriška Lokalna Energetska Agencija, Project Manager PM4PM
Paola Rusconi – DWS, eeef Investment Manager

How will companies that are trying to mitigate climate change, benefit from the European Union's reconstruction plans? Will SDG-focused strategies be the main vehicle for Impact investing in the coming years?

We invite you to our DWS Trend Talks webinar on Investing in ESG, where we will present two investment opportunities that will be in the focus of investors in the coming years:

_The adaptation and mitigation of climate change.
_Impact investing through the Sustainable Development Goals.


Agenda:

DWS Invest ESG Climate Tech
Tim Bachmann, Lead Portfolio Manager of DWS Invest ESG Invest Climate Tech.
Martin Caspary, Senior Thematic Investment Specialist

DWS Invest SDG Global Equities
Paul Buchwitz, Lead Portfolio Manager of DWS Invest SDG Global Equities
Theresa Böttger, Investment Specialist Active Equity & Sustainability

Regístrate a una nueva sesión en castellano de DWS Trend Talks sobre Perspectivas de Mercado con Mariano Arenillas, Head of DWS Iberia.

Please join DWS ESG TALKS webinar series where Michael Lewis, Head of ESG Thematic Research, and Murray Birt, Senior ESG Strategist, will discuss current issues impacting responsible and sustainable investing.

In this week’s call, Michael Lewis and Murray Birt will be joined by special guests from the Green Finance Institute: Chief Executive Rhian-Mari Thomas and Programme Director Emma Harvey. The discussion will focus on the growing recognition that energy efficiency in the built environment is critical for achieving net-zero by 2050, the practical solutions the UK-backed Green Finance Institute is delivering to stimulate investment, and how the ‘Road to COP26’ presents an opportunity to encourage cross-sector, international collaboration and mobilise global capital towards a green economic recovery.

Agenda:
- The Green Finance Institute’s Coalition for the Energy Efficiency of Buildings
- Practical finance and investment opportunities in the net-zero built environment
- Paving the road to COP26

Regístrate a una nueva sesión en castellano de DWS Trend Talks sobre Perspectivas de Mercado con Mariano Arenillas, Head of DWS Iberia.

During this talk, we will discuss our latest research assessing the impact of the COVID-19 pandemic on long-term expected returns across asset classes.

Back in April, we defined three scenarios based on assumptions of differing severity of the economic crisis caused by the pandemic: status-quo, 2009-repeat, and three-sigma. These are based on a bottom-up approach (rather than top-down), first analysing how fundamentals may have been impacted by the crisis, and how that flows through to expected returns. Over the past quarter, it has become clear that while the COVID-19 crisis is a three-sigma type event from an economic perspective, the impact on fundamentals for listed equities and corporate credit is likely to be comparable to those witnessed in 2009 (due to a combination of prompt actions from governments and central banks, better capitalisation in certain sectors, and a higher level of ‘sponginess’ by listed companies). Therefore the assumptions in 2009-repeat scenario are our base case.

At an aggregate level, this leaves the long-term expected rate of return on a diversified portfolio of assets relatively low, but some attractive opportunities exist within equities and amongst alternative asset classes. This outlook is consistent with a ‘square root’ shaped economic recovery. However, a ‘W’ or ‘U’ shaped economic recovery would put further pressure on expected returns, especially in equities, liquid alternatives and credit.

The US Federal Reserve has, for the first time, began purchasing exchange-traded funds (ETFs) as a way to direct money rapidly into credit markets. The move is an historic milestone for the Fed, and acted as an important signal to bond investors.
Meanwhile, the ongoing market volatility caused by the COVID-19 pandemic has resulted in record trading volumes, set against a backdrop of reduced liquidity in all asset classes. ETFs have so far, and once again, proven their resilience and acted as instant market access tools, as well as providing price discovery and liquidity for investors during stressed markets.

Agenda & Speakers
•Market recap and investment opportunities
Sidi Kleefeld, Responsible ETF Advisory Sales Europe
•Implementation with fixed income ETFs
Olivier Souliac, Index Strategy & Analytics

How best to assess asset managers’ ESG credentials
Please join us every week for our DWS ESG TALKS webinar series where Michael Lewis, Head of ESG Thematic Research, will be discussing the current issues impacting ESG. He will be joined by DWS ESG experts externally and from across the DWS platform incorporating all asset classes and business lines.

In this week’s call, Michael will be joined by Wan Huang, Investment Specialist at DWS. Together, they will discuss their new research paper “How best to assess asset managers’ credentials when it comes to ESG”. They will identify the typical metrics used by asset managers to showcase their ESG capabilities. The authors will reveal how best to interpret ESG KPIs since many can are manipulated and how, with improved reporting frameworks and enhanced external scrutiny, less greenwashing and more transparency should emerge.

Agenda:
_ ESG KPIs and their pitfalls
_Simplifying the myriad of ESG reporting frameworks
_How best to measure ESG progress


Speakers:
_ Michael Lewis, Head of ESG Thematic Research, DWS
_Wan Huang, Investment Specialist, DWS