notizie.

A summary of the main themes likely to drive the investment landscape in 2020 and beyond. The opportunities and risks identified by our investment specialists.

Opportunities and scenarios of an ageing society. Dr Stephan Sigrist is the founder and head of W.I.R.E., a leading interdisciplinary think tank. He recently delivered the keynote speech - “The world is ageing - Opportunities and scenarios of an ageing society” - at a Lombard Odier IM event in Zurich on September 25. The following Q&A was conducted after the event.

The agricultural sector faces challenges in terms of its existing practices, and disruption from new regulation and technologies. The world is on the brink of the next agricultural revolution.

The combination of better valuations, improving fundamentals, low risk and diversification makes crossover the sweet spot of the credit spectrum, in our view.

Younger consumers prioritise brands which have incorporated sustainability into their business models. Their collective spending power should be another strong motivator for brands.

An aging population has the potential to drive a proliferation of sustainable investment opportunities in the financials sector.

In a world where sustainability increasingly determines corporate outcomes, we believe there are two main types of companies: Eagles and Ostriches.

Johan Utterman, portfolio manager of LO Funds – Golden Age, a fund which invests in the ageing theme. He reviews the fund’s performance and explain why they think this broad-based structural trend is set to gather speed.

As US-China trade tensions escalate, we expect elevated market volatility. We are actively monitoring our asset allocation matrix with yellow warnings firmly in place.

The US Federal Reserve confirmed its dovish pivot on interest rates and cemented the tone for a widespread easing bias after the recent ECB meeting.

LO Funds - All Roads: A new design for diversified growth funds to meet multi-asset needs of pension schemes.

We welcome the final recommendations of the Financial Stability Board (FSB) and the Task Force on Climate-related Financial Disclosures (TCFD).

Crossover bonds, rated BBB to BB, could improve returns for buy and maintain investors for only a moderate increase in risk.

Digitalisation has had a tremendous impact on our world and continues to reshape every conceivable aspect of our social and economic norms. This has important implications for the vast majority of companies across all sectors. In our view, the investment process needs to reflect this rapid evolution, which is still in its early days.

Convertible bonds can mitigate exposure to equity volatility, both in terms of higher Sharpe ratios and lower governance features compared to equity options.  

The average age of the global population is on the rise and this demographic shift will force us to rethink almost every sector of society. Companies that are well placed to meet the needs of the older generation potentially stand to gain the most.

Climate change represents a challenge that demands a global response. Impact bonds can generate environmental and social externalities in a liquid portfolio.

Lombard Odier discusses how a cautious move lower in credit ratings could enhance fixed income returns for only a moderate increase in risk.

Newly-developed digital infrastructure has helped boost India's booming economy. Several trends continue to gather momentum, opening up a number of investment opportunities.

In this Q&A, client portfolio manager Alain Forclaz outlines the essentials of LOIM’s multi-asset strategy. This discussion covers how we optimise the allocation, why we prioritise liquid instruments, what our drawdown control entails and ways we cater to different risk/return appetites.

Established companies with a prestigious brand have significant and sustainable competitive advantages. Especially in uncertain market phases, they have the potential to generate sustainable returns.

Lombard Odier Investment Managers further bolsters its sustainability research capabilities with four new hires.

Why climate change risk has become a priority and how climate, macroeconomic, and financial modelling can be tied together to produce a more complete ALM.

The Milky Way has been found to be warped. We believe financial markets and the economy are too, and outline the distortions.

Investors frequently ask what companies in the portfolio hold the most promise on  Alzheimer’s. Unfortunately, the answer is not straightforward.

We are bullish on the outlook for the asset class for the coming months. A few key themes for Asian credit could add wings to a rally.

Juan Mendoza is the portfolio manager of the LO Funds – Global Prestige fund. He recently participated in a panel discussion on mega trends.

Climate change has the potential to be highly value destructive, but also highly value generative as companies innovate and adapt to a low-carbon future.

Some of the key considerations investors face in assessing the most appropriate approach to improving the sustainability of a passive portfolio.

The rising proportion of one-person households, globally, is set to drive discretionary spending in the future.

Plastic has become a ubiquitous material thanks to its amazing properties. Due to its detrimental impact on both the environment and health, however, governments and regulators are starting to take action.

It appears the multitude of uncertainties are starting to catch-up with the European Central Bank (ECB).

Our convertible-bond strategy focuses on companies seeking emission reductions or solution-providers that enable transition efforts.

Lombard Odier Investment Managers (‘Lombard Odier IM’) has expanded its 1798 Alternatives investment range with the launch of a UCITS vehicle within the TerreNeuve strategy. This will offer onshore investors access to the market neutral equity long/short strategy, with a focus on sustainable investing.  

Mario Draghi may soon bid farewell to the ECB, but QE appears here to stay. The bank unveiled a broad package of policy measures aimed at re-anchoring inflation expectations.

The Federal Reserve cut interest rates for the first time since 2008 on Wednesday. Federal Reserve Chair Powell may have some lessons to learn from the ECB.

We have arrived in an era of socio-environmental ‘crisis’ in which our social and economic structures are no longer fit for purpose. These issues are feeding into slower global growth and financial market volatility. Sustainability is now a central issue for investors that will increasingly determine which companies will win or lose over the long-term, and will drive future returns for investors.

A vast increase in sustainable finance is still required in 2020, to meet the goals of the Paris Climate Agreement.

We assess the Japanisation of the Eurozone amid negative rates, low growth and low inflation. What strategies could help fixed income investors find positive real returns.?

We look at how Swiss economic developments could shape the year ahead, including SNB monetary policy and investments in corporate bonds.

Our Alternatives team constructs highly-bespoke strategies that are naturally, structurally convex while also featuring limited or no negative cost of carry. 

Affirmative Investment Management (AIM), has released the first annual impact report for the LO Funds – Global Climate Bond (“the Fund”). The report details over 1000 projects and initiatives that were fully or partially supported by the impact bonds the Fund invests in.

We have a different perspective on corporate debt leverage and look at alternate ways to assess leverage besides the typical Debt-to-EBITDA measure.  

We spoke to Anne Gram about the importance of integrating sustainability into pension fund portfolios, and what role asset managers can play in the process.

Audiocast

Welcome to the CLIC™, the audiocast that breaks down the key developments set to accelerate sustainable investment.

Head of Institutional Sales for Switzerland, Charles Morel, on how LOIM improves the sustainability of a passive portfolio through low tracking-error approach.