As market volatility, geopolitical risks and economic uncertainty continue to shake global markets, it’s critical for institutional investors to re-evaluate their risk positioning. This means running portfolios as risk-efficient as possible and mitigating the “hidden risks” that commonly exist in their portfolios.
Join our experts as they reveal a more precise approach to portfolio construction that leverages both targeted factor exposures and ESG research.
Key discussion points include:
• The factors that stand to benefit from the structural shifts in the global economy and increased market volatility.
• How ESG research can complement factor exposure to increase excess return consistency and mitigate downside risk.
• Implementing a risk-aware approach that minimizes unintended risk and seeks to maximize risk-adjusted returns.
This material is directed to eligible counterparties and professional clients only and should not be relied upon by retail investors. The information is not intended for distribution or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation. Northern Trust and its affiliates may have positions in and may effect transactions in the markets, contracts and related investments different than described in this information.
Investing involves risk- no investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Simulated past performance and actual past performance is no guarantee of future results.
Northern Trust Asset Management is composed of Northern Trust Investments, Inc. Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K, NT Global Advisors Inc., 50 South Capital Advisors, LLC and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
Alex Brierley, Co-head of Octopus Renewables | Brendan Maton
The UK energy sector is in a once in a lifetime transformational change for the better. The climate crisis has emphasised the need for investment in renewable energy technologies to put an end to the reliance on fossil fuels. And it’s not just electricity generation that’s in transformational change, it’s adjacent sectors like transportation and home heating. It’s an “Energy Transition”. At Octopus, we believe there is a huge opportunity to unblock investment in the Energy Transition by building bespoke portfolios of renewable energy assets and wider Energy Transition technologies at scale across multiple assets, technologies and countries to create better outcomes for our investors.
Why should you attend? This webcast will dig deep into the key trends shaping the renewable energy sector. Our speakers will be discussing:
• The energy transition
• Power price risk
• Asset risk and return profiles
From bonds to equities, real assets and alternatives, Northern Trust Asset Management’s forecasts and return expectations will help guide your asset allocation decisions. Join our chief investment strategists and get an inside look into our new Capital Market Assumptions research.
Key topics include:
• The six investment themes that will shift the market landscape
• Our five-year asset class return expectations
• What this means for investors’ asset allocation and portfolio
Presented by: Jim McDonald, Chief Investment Strategist and Wouter Sturkenboom, Chief Investment Strategist, EMEA & APAC at Northern Trust Asset Management
Moderator: Brendan Maton
This material is directed to professional and eligible counterparties only and should not be relied upon by retail investors.
The information is not intended for distribution or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation. Northern Trust and its affiliates may have positions in and may effect transactions in the markets, contracts and related investments different than described in this information. This information is obtained from sources believed to be reliable, and its accuracy and completeness are not guaranteed. Information does not constitute a recommendation of any investment strategy, is not intended as investment advice and does not take into account all the circumstances of each investor. Opinions and forecasts discussed are those of the author, do not necessarily reflect the views of Northern Trust and are subject to change without notice.
The renewables industry is going through a period of unprecedented growth benefiting from ever increasing attention from governments, the public and investors. However, in order for this growth to continue there are a number of key challenges that need to be addressed by the industry to ensure that the ultimate Net Zero target is realistic. In addition there are a number of key enablers that must be encouraged to sustain the current momentum enjoyed by the sector.
Sean Maguire from Impax Asset Management and DLA Piper’s Natasha Luther-Jones discuss some key themes in this area including:
• What are the growth barriers that concern renewable project developers and investors the most?
• What must Governments and Regulators do to maximise the impact the renewables industry can have on the climate change issue?
• How big an impact can the corporate PPA world have on generation capacity deployed?
• The role of storage, charging and hydrogen in addressing the renewable intermittent generation challenge?
– Seán Maguire, Managing Director, PE/Infrastructure, Impax Asset Management
– Natasha Luther-Jones, Global Co-Chair of Energy and Natural Resources, International Head of Sustainability & ESG, DLA Piper
Jim Cielinski, CFA Global Head of Fixed Income & James Briggs, ACA, CFA Portfolio Manager, Janus Henderson Investors
Over the third quarter, we have seen a change in mood from central banks as inflation is expected to be more persistent into 2022, and concerns over the spillover effects of defaults in the property sector in China. Credit Fundamentals earnings and access to capital remain plentiful for the majority of borrowers which suggests the credit cycle is not as mature as current valuations might suggest.
Throughout the webcast, Global Head of Fixed Income, Jim Cielinski and Portfolio Manager, James Briggs discuss the latest implications of the credit cycle throughout the pandemic.
Securities finance can play a strong role in helping institutional asset owners to make their portfolios more efficient and enhance alpha generation. While there are a number of options to consider, these may be difficult to navigate when approached as stand-alone solutions.
Join our webcast with Northern Trust to explore how a holistic approach to a pension fund’s financing, liquidity and collateral needs can help optimize their portfolios while responding to increasing regulatory complexity.
The webcast will cover:
• Key considerations to achieve an integrated securities finance framework
• Emerging trends and industry best practices – including regulatory impacts
• How implementing an immediate and long-term securities finance strategy can boost overall portfolio outcomes
• Mark Jones, Head of Securities Finance, EMEA, Northern Trust
• Judson Baker, Securities Finance and Collateral Product Manager, Northern Trust
• Moderator: Brendan Maton
Amy M. O'Brien, Nuveen | Alex Prout, Nuveen | Marisa Hall, Willis Towers Watson | Brendan Maton
It’s about how we act, not just how we invest.
Whether it’s equity of pay, inclusiveness of the workplace or the diversity of the investment approach, DE&I has become a key metric across the industry with investors rightly increasing pressure on fund managers.
Join Nuveen’s Amy O’Brien and Alex Prout with guest speaker Marisa Hall, Co-Head of Willis Towers Watson’s Thinking Ahead Institute, to delve deeper into this issue as they consider a range of topics, including:
– How is DE&I defined and measured?
– Are investors really walking away from funds that lack DE&I?
– How can investors assess DE&I’s impact on performance?
– Is the emphasis between DE&I changing?
Amy M. O'Brien, Global Head of Responsible Investing, Nuveen
Alex Prout, Head of Global Client Relationships, Nuveen
Marisa Hall, MSc, FIA, Co-Head of the Thinking Ahead Institute, Willis Towers Watson
Roopa Murthy - Partner, Infrastructure Debt & Simon La Greca - Partner, Head of Infrastructure Debt Asia, AMP Capital
Infrastructure debt has been one of the most attractive asset classes with allocations increasing year on year. As we look set to continue in a low-rate environment following current economic instability, the consistent yield of infrastructure debt, in particular junior/mezzanine infrastructure debt, along with its defensive nature, continues to be highly sought.
Alongside positive market dynamics, the investible universe is also expanding, with Asia representing an increasingly attractive geography for private debt. While North America and Europe continue to be key, together accounting for 91% of the global private debt market, the industry in Asia Pacific has grown significantly over the past five years and the region’s AUM now stands at $59bn as of September 2020, up 181% from 2016.
This webcast will explore:
• Why infrastructure debt: Benefits of investing in the asset class
• How Infrastructure Debt, specifically mezzanine/junior, fits as a key part of an infrastructure and private credit portfolio
• Managing the impact of Covid-19: Infrastructure Debt as a consistent and stable strategy in unstable times
• Market trends influencing sector opportunities in infrastructure debt through a sustainability lens
• Private infrastructure investment into the Asia-Pacific region: an untapped investment opportunity
– Roopa Murthy - Partner, Infrastructure Debt, AMP Capital
– Simon La Greca – Partner, Head of Infrastructure Debt Asia, AMP Capital
Dr Michael Ganske, CFA, Portfolio Specialist, Fixed Income, T.Rowe Price | Ken Wong, Client Portfolio Manager, Eastspring Inv
Wird Asien in Zukunft stärker in den Portfolios institutioneller Investoren vertreten sein? Langfristig dürfte diese Frage ganz klar mit einem „ja“ zu beantworten sein. Knapp zwei Jahre nach dem Ausbruch von Covid-19 ist Asien stärker und einflussreicher denn je auf die Weltbühne zurückgekehrt, sodass sich das globale wirtschaftliche Gravitationszentrum immer mehr in diese Richtung verlagert. Ein Umstand der zuletzt auch die USA offensichtlich immer nervöser macht. Dennoch haben jüngst die Geschehnisse um Evergrande und den chinesischen Immobilienmarkt zu einer deutlich gewachsenen Vorsicht bei Investoren und dem Thema China/Asien geführt. Auch die Eingriffe der Regierung in andere Sektoren haben für Irritationen gesorgt.
Im Rahmen unseres Webinars „Asien im Fokus“ wollen wir einen genaueren Blick in die Region werfen und Chancen und Risiken in den Assetklassen Aktien und Fixed Income abwägen. Das Webinar findet am Mittwoch den 27. Oktober 2021 von 10.00 bis 11.15 Uhr statt. Beiträge kommen von Eastspring Investments und T. Rowe Price. Dr. Giuseppe Ballocchi, langjähriger Governor des CFA Institute wird zudem in seiner Keynote das Verhältnis von China und Japan sowie die Auswirkungen auf die Region unter die Lupe nehmen.
Einleitung und Themenübersicht
Frank Schnattinger, Chefredakteur, IPE D.A.CH
Keynote: Economic and geopolitical relations between Japan and China and the impact for Asia
Dr. Giuseppe Ballocchi, CFA, is Partner at Alpha Governance Partners, a former Governor of CFA Institute and a member of CFA Institute’s Future of Finance Content Council. He also represents CFA Institute on the IFRS Advisory Council
The case for an Asia Credit Allocation
Dr. Michael Ganske, CFA, Portfolio Specialist in the Fixed Income Division at T.Rowe Price
Is China on the cusp of a great leap forward or at risk of stealing defeat from the jaws of victory?
Ken Wong is Client Portfolio Manager with Eastspring Investments.
Meggin Thwing Eastman, Global ESG Editorial Director, MSCI | Guido Giese, Head ESG and Climate Solutions Research, MSCI
The world’s publicly listed companies are running out of time to reach net-zero. Listed companies have less than six years to avoid breaching a key global-heating threshold unless they dramatically drive down emissions of carbon and other greenhouse gases, according to the latest Net-Zero Tracker, a quarterly report from MSCI.
Companies must dramatically accelerate climate action to keep global warming this century to no more than 1.5°C, the limit scientists say the planet must achieve to avoid the worst impacts of a warming climate.
Join thought leaders from MSCI ESG Research on October 26 for insights into the progress companies are making toward net-zero and information investors can draw on to inform decision-making. The session will address how investors are:
• Assessing the progress of listed companies toward global climate goals
• Measuring the temperature of investments
• Spotting climate leaders and laggards in every industry
• Putting portfolios on a net-zero pathway
The session will also address the need for strong targets and timeframes to reach net-zero.
- Meggin Thwing Eastman, Global ESG Editorial Director, MSCI
- Guido Giese, Head ESG and Climate Solutions Research, MSCI
We’re on a mission to power better investments for a better world. With more than $14.5 trillion benchmarked to MSCI’s indexes, plus market leadership in ESG data and analytics, MSCI helps investors navigate the transition to net-zero at every stage.
To learn how MSCI can support your net-zero journey, visit us here >> https://www.msci.com/our-solutions/climate-investing/net-zero-solutions/implied-temperature-rise
You can download the latest MSCI Net-Zero Tracker here >> https://www.msci.com/documents/1296102/26195050/MSCI-Net-Zero-Tracker-Oct2021.pdf
Patrick Esteruelas, Emso AM | Bryan Carter, HSBC AM | David Furey, SSGA | Martin Hurst, IPE
SSGA: Allocating to an index strategy in EMD
HSBC AM: Sovereign engagement
Emso AM: Deciphering the political risk premium
Our panelists and an overview of their presentations
David Furey, head of fixed income strategists, EMEA, SSGA:
Traditionally, EM debt has been viewed as too complex or illiquid and therefore better suited to active management. However, the structure of EM debt markets has grown and developed significantly in recent years with notable improvements in pricing and transparency. Techniques to track the performance of EMD indices have also evolved, allowing skilled managers to now track index performance consistently and more cost-effectively. We will provide our perspective on these developments and why an allocation to an index strategy in EMD makes sense for investors today.
Bryan Carter, head of EM Debt, HSBC AM:
EMD managers are accelerating the integration of ESG factors and objectives into their investment strategies. But what is better, fundamental ESG research or quantitative implementations from ESG data providers? We will discuss the latest thinking on engagement with issuers for advanced ESG portfolios and how fundamental sovereign research affects ESG outcomes.
Patrick Esteruelas, head of global research, Emso AM:
EM credit index performance tends to hide remarkable variance and dispersion under the hood, as we can see once again this year with names like Zambia, Ecuador and Oman significantly outperforming the index while names like Belarus, El Salvador and China property names have done much worse than average. The common driver across all these names is political risk. We will discuss our approach to deciphering political risk premium as a key input to understanding credit valuations and unlocking alpha
David Schofield, President, Intech International | Vassilios Papathanakos, PhD, Executive Vice President, Deputy CIO
Did you know that your choice in ESG implementation can invite steep trade-offs in return, risk, and ESG consistency at the portfolio level? In this webinar, you will find out why. Intech will demonstrate how targeting portfolio-level ESG results while relaxing non-ESG constraints appears to offer investors a more practical way to pursue both stronger and more consistent ESG and risk-reward outcomes. What you’ll see:
1. Differences between stock- vs. portfolio-driven ESG approaches
2. Applications of each approach on a non-ESG strategy
3. Comparisons of return, risk, and ESG results for each application
- David Schofield, President, Intech International
- Vassilios Papathanakos, PhD, Executive Vice President, Deputy Chief Investment Officer
Cara Milton-Edwards, Product Strategist, BlackRock | Smadar Shulman, Head of Index Product Management EMEA, IHS Markit
Sustainable investing is on the rise. Across the industry, we have seen sustainable fixed income indexing assets more than double every year since 2018, as investors seek to move towards more sustainable fixed income allocations. Investors are considering a variety of approaches to incorporate sustainability into their portfolios, starting with asset allocation.
Hear from BlackRock and IHS Markit experts on how to get started with building or transitioning to a sustainable fixed income portfolio.
– Cara Milton-Edwards, Product Strategist, Fixed Income ETFs, BlackRock
– Smadar Shulman, Managing Director, Head of Index Product Management EMEA, IHS Markit
Mathieu Elshout, PATRIZIA | Marleen Bikker-Bekkers, PATRIZIA | Sarah Forster, the Good Economy Partnership
Real estate investment managers have a responsibility to build sustainable communities. They are the ones to invest in and create homes, workspaces and leisure facilities for countless people.
Sometimes we overlook the social pillar of “ESG” – the “S” – on the journey to net zero. Growing pressure to deliver on the environmental targets of the 2050 Paris accord mean the “E” of ESG has often taken centre stage
However, loneliness, social inequality, poor access to education / healthcare and lacking diversity, are increasingly important topics for governments and urban planners as they seek to mitigate the economic impact of Covid-19.
So, what role can real estate investment houses play in making a positive contribution in solving these challenges? And how do their clients benefit?
PATRIZIA has residential real estate in its DNA and has been building communities and sustainable futures since its foundation in 1984.
In what promises to be a thought provoking discussion, Mathieu Elshout, Head of Sustainability and Impact Investing, and his PATRIZIA colleague, Marleen Bikker-Bekkers, Head of Investments Europe, PGP, who is working on new impact investment products, are joined by Sarah Forster, CEO and Co-Founder of the Good Economy Partnership. Sarah is a leading expert in sustainable economic development with a particular interest in social enterprise, impact measurement and management.
The panel will address key industry trends in the social impact investing space, consider real life best practice examples and of course address the holy grail of measuring social impact.
The webcast will give valuable insights and will include the following topics:
– What is the relevance of social impact for real estate?
– What examples or case studies of social impact in real estate are there?
– Why social impact investing must be measurable and how?
– What returns can social impact investors realistically expect and over what timelines?
Charles Wilson, Thornburg | Ajay Krishnan, Wasatch | W. Malcolm Dorson, Mirae Asset | Martin Hurst, IPE
– Thornburg Investment Management: The enduring case for balance in emerging markets
– Wasatch Global Investors: How the change landscape in semiconductors impacts EMs: the emergence of India
– Mirae Asset Global Investments: Consumption driven growth and the evolution of EMs
Charles Wilson - Portfolio Manager and Managing Director, Thornburg Investment Management:
Charlie Wilson joined Thornburg Investment Management in 2012 as associate portfolio manager and was promoted to portfolio manager in 2014. Prior to joining Thornburg, Charlie served as co-portfolio manager for Marsico Capital Management in Denver, Colorado. He was responsible for portfolio investments across multiple strategies and geographies, with specialization in materials, energy, technology, and payments sectors.
Ajay Krishnan, CFA - Portfolio Manager, Wasatch Global Investors:
Ajay Krishnan joined Wasatch Global Investors in 1994 and serves on the board of directors. He is also a portfolio Manager, the head of emerging markets investing and a member of the global research team.
W. Malcolm Dorson - Senior Portfolio Manager, Mirae Asset Global Investments:
In his role at Mirae Asset Global Investments, Malcolm focuses on emerging markets ex-Asia. He has been managing portfolios investing in Brazil, Russia, and Emerging Europe since 2015. Prior to joining Mirae Asset, he was the lead Latin America investment analyst at Ashmore Group from 2013 to 2015.
Dr. Julius Agnesens, Head of Investment Solutions, Finreon AG | Simon T. Müller is Head of Business Development, Finreon AG
The monetary and fiscal policy measures to combat the Covid-crisis have led to major distortions in financial markets: In their portfolios, institutional investors are confronted with the dilemma of being increasingly dependent on stock market returns despite higher risks and record valuations.
Finreon is a Spin-Off from the University of St.Gallen (HSG). In this webinar, Dr. Julius Agnesens, Head of Investment Solutions & Member of the Executive Board will present the Finreon Tail Risk Control® methodology to profit from equity market opportunities while substantially reducing crash risks:
- Focus on tail risks: The Finreon Tail Risk Indicator systematically measures regimes of low or high crash risks on a daily basis and free of any forecasts
- Efficient use of the risk budget: Finreon Tail Risk Control® solutions allow to efficiently utilize a risk budget by increasing/decreasing equity risks in quiet/turbulent times
- Risk Management = Opportunity Management! >10 years of track record show substantial outperformance coupled with systematic hedging in high-risk regimes.
Join us in discussing the following topics:
- Why is the management of equity risks of more importance than in the past?
- What is the difference between “good” and “bad” risks?
- How can regimes of high respective low tail risks be identified?
- What are realistic expectations, does tail risk hedging come at a price?
- What role can tail risk controlled equity play in a portfolio context?
- How can a tail risk management strategy be implemented?
- Optimizing portfolios for net zero with real assets
Many organisations are reviewing or setting net zero targets for their investment portfolios. Join our team as we outline Nuveen’s quantitative approach to optimizing carbon exposure within a portfolio. We will highlight the ability of real assets, such as timberland and farmland, to help meet your net zero targets.
– Gwen Busby, PhD Director of Economic Research, Nuveen
– Cristina Hastings Newsome, Head of Sustainability, Westchester
– Derek Jun, CFA, CAIA, Vice President, Investment Risk Management, Nuveen
Sarah Wilson Managing Director, Nuveen | Emily Wiener, TIAA | Brendan Maton
Net zero carbon is a clear destination, but the journey is full of many known and unknown variables.
Emily Wiener from TIAA and Nuveen’s Sarah Wilson discuss the challenges of treating climate change risk as an investment risk.
From the strategic decisions to the tactical considerations, they will share their insights including:
· Effective communications between the investment committee and board
· Implementation challenges when investing in a diverse range of asset classes
· Preparing for the wave of climate risk regulation
· Solving data quality issues to improve reporting and decision-making
· Developing a resilient pathway suitable for all market conditions
– Sarah Wilson Managing Director, Head of ESG Integration, Nuveen
– Emily Wiener, Managing Director, Head of Fixed Income for the General Account, TIAA
Thomas Tayler, Rick Stathers & Stanley Kwong, Aviva Investors
How will you deliver your climate ambitions? Net-zero commitments are increasingly commonplace, but with the science developing at pace, what is best practice in implementing your goals?
The urgency of the climate crisis means we can no longer wait for everything to be neatly laid out before acting, yet most investors are still grappling with the magnitude of the task at hand.
In this webcast our panellists Thomas Tayler, senior manager at Aviva Investors’ Sustainable Finance Centre for Excellence, Rick Stathers, Senior GRI Analyst, Climate Specialist and Stanley Kwong, ESG Associate Director, Real Assets will examine the practical steps required to meet a climate ambition, drawing on Aviva Investors’ own experience in trying to deliver the most demanding net-zero target of any major insurance company in the world today.
– Thomas Tayler, Senior manager at Aviva Investors’ Sustainable Finance Centre for Excellence
– Rick Stathers, Senior GRI Analyst, Climate Specialist
– Stanley Kwong, ESG Associate Director, Real Assets
2021 is a critical year for climate action as we head toward the UN Climate Change Conference (COP26) in November. As businesses, investors and governments explore the transition to a net-zero world, measuring and managing climate risk has become an ever-more important tenet of the institutional investment process. Real estate investors need to look at how they are considering this transition across the investment process from due diligence to portfolio management as well as performance and reporting.
In this webinar Marion de Marcillac will look at what we really mean by a ‘net-zero’ economy and share how companies and investors across asset classes are approaching this.
Will Robson will then explore the real estate approach to modelling transition and physical risk impact in your portfolio and how these insights can be leveraged in portfolio management and regulatory reporting like Task Force on Climate-related Financial Disclosures (TCFD).
• Marion de Marcillac - Executive Director, Head of Climate Product, MSCI
• Will Robson - Executive Director, Global Head of Real Estate Solutions Research, MSCI
Erik Christiansen, Scientific Beta | Eric Shirbini, Scientific Beta
– ESG investment strategies are often marketed with claims that ESG can be a source of financial outperformance in terms of risk-adjusted returns.
– In this webinar we will look into these claims and analyse whether alpha subsists once the drivers of financial performance of ESG and low carbon strategies are properly accounted for.
– We will also discuss the best way – filtering or optimisation techniques – to combine ESG and climate goals with the two well-grounded sources of financial added value, exposure to rewarded factors and diversification of idiosyncratic risk.
– Erik Christiansen, ESG & Low Carbon Investment Specialist, Scientific Beta
– Eric Shirbini, PhD, Global Research and Investment Solutions Director, Scientific Beta
This webcast channel is for pension funds and other institutional investment professionals in Europe, the USA and Asia. It is particularly relevant for pension fund executives, trustees, consultants and investment managers. IPE will be bringing its community live interviews with leading figures in the market, hosting roundtable discussions on specific topics such as asset allocation and also sharing latest thought-leadership from investment experts.
Navigating market uncertainty, with factors & ESGMichael Hunstad, Ph.D., head of quantitative strategies and Valeria Dinershteyn, EMEA senior sustainability specialist[[ webcastStartDate * 1000 | amDateFormat: 'MMM D YYYY h:mm a' ]]74 mins