Stratégies d’investissement

Points de vue Relatifs

• 2021 Outlook: The Uneven Recovery

  The recovery in many ways looks real and durable—but it also looks uneven and, in some cases, quite unpredictable. In this discussion, investment professionals from the public and private markets discuss where they expect to see risks and opportunities in the year ahead.

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• The Case for European Real Estate Debt

  The supportive pricing fundamentals in the European real estate market, and low leverage relative to previous property cycles, suggest the asset class is well-positioned to withstand the impact of the pandemic.

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• 2021 Outlook: The Uneven Recovery

  Listen as Barings' portfolio managers and investment professionals discuss the cyclical and structural trends expected to shape public and private markets in 2021 & beyond.

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• Private Credit: How Healthy is Today's Middle Market?

  Barings’ Jon Bock weighs in on the current dynamics driving today’s private credit markets from deal activity, to leverage metrics, to spread levels, and discusses the pro’s and con’s of investment structures from public and private BDCs to commingled funds.

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• Structural Trends Supporting Asian Equities

  There are a number of supportive structural trends shaping the opportunity in Asian equities, many of which—perhaps counterintuitively—have been amplified by the pandemic and U.S.-China trade tensions.

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• Value-Add Beyond the Pandemic

  The shock provided by the global pandemic has roiled real estate markets around the world—which means that the quality and location of properties has never been more important.

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• European Real Estate Research Quarterly

  While COVID has negatively impacted the retail and hotel sectors, the logistics and residential sectors have been much less affected. The Barings Real Estate team weighs in on the opportunity set—and why the overall outlook remains positive.

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• U.S. Real Estate Research Quarterly

  Although the U.S. economy bounced back sharply in the third quarter, the near-term path for the economy and real estate markets remains highly dependent on progress toward a medical solution to COVID and the degree of further lockdowns. The Barings Real Estate team weighs in.

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• Real Estate Debt: Die neue Anlagechance in Europa

  Sam Mellor von Barings Real Estate beschreibt die Trends, die dem strukturellen Wachstum von Immobilienanleihen in Europa zugrunde liegen, vergleicht die Anlageklasse mit anderen öffentlichen und direkten festverzinslichen Alternativen und stellt sie gegenüber.

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• EMD: A Strong Tailwind, But Risks on the Horizon

  Segments of the EM debt market have been bright spots in fixed income this year. Will EMs outperform DMs in the months ahead—or are the risks too great? It may come down to country and credit selection.

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• Post-COVID European Private Credit: A Higher Quality Market?

  On the back of COVID, transactions in the European middle market are showing decreased leverage levels, stronger documentation and improvements in pricing—suggesting a rebasing of the market from where it has been for the past several years.

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• Are EM Countries Able (and Willing) to Pay Their Debt?

  Capitalizing on opportunities in EM debt will not only require traditional fundamental analysis to determine countries’ ability to satisfy their debt obligations, but also—and perhaps just as importantly—an understanding of their willingness to pay.

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• Emerging Markets Equity: Evolving and Transforming

  From leading technologies, shifting consumption patterns, evolving business models to ESG—there are a number of factors shaping the opportunity in EM equities. Join Barings’ EM Equities team as they unpack the structural trends shaping this landscape and discuss the opportunities they expect to see going forward.

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• The Crisis No One is Talking About

  The migration patterns stemming from Venezuela’s economic collapse provide key ESG insights, especially for Colombia and other neighboring countries, and particularly when compared to the case of Syrian refugees in Turkey.

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• ESG in Equities: Better Outcomes Require Better Practices

  Not all approaches to ESG are created equal—why a focus on integration, forward-looking dynamics and active engagement is the key to unlocking long-term returns in equity investments.

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• ESG in Equities: Not All Approaches are Created Equal

  Dr. Ghadir Cooper, Global Head of Equities, shares insight into the deliberate approach that her team takes when incorporating ESG into their investment process, including how integration, dynamism and active engagement contribute to better outcomes.

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• The Evolving Opportunity in Distressed Debt

  As the pandemic recedes, some companies may have a harder time managing higher debt levels than others—and as weaker issuers undergo restructurings or other stressed situations, there may be opportunities for investors to deploy more capital into distressed debt strategies.

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• Three Reasons for EM Short Duration Debt

  Emerging markets debt has shown much resilience despite facing its share of pandemic-induced difficulties. A short-dated approach, in particular, can provide an opportunity to pick up incremental yield and diversification, with less volatility.

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• Private Credit: The Turn of the Cycle

  Co-Heads of Global Private Finance, Ian Fowler and Adam Wheeler describe the evolving conditions in the North American and European private credit markets and where opportunities may arise in the months and years ahead.

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• ESG et émetteurs souverains: Il n’existe pas de modèle unique

  Au cours de la dernière décennie, les critères environnementaux, sociaux et de gouvernance (ESG) ont pris une place centrale dans de nombreuses stratégies d’investissement, mais la manière dont les critères ESG sont intégrés dans l’analyse des émetteurs souverains manque encore de cohérence.

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• Is There Style Drift in Middle Market Lending?

  Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading.

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• Atténuation de l'enthousiasme suscité par le marché mexicain des obligations de sociétés

  Omotunde Lawal, Directrice de la Dette d'Entreprise des Marché émergents, revient d'un récent voyage au Mexique, où l'équipe de Barings a mené des recherches sur le terrain.

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• Obligations et prêts à haut rendement : Quelle est la prochaine étape ?

  Les marchés des obligations à haut rendement ont connu un retour en force au premier trimestre. Les fondamentaux et les paramètres techniques du marché peuvent-ils maintenir la vigueur du marché ? David Mihalick, Barings, nous donne son avis.

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• Dette des marchés émergents : Investir avec un optimisme prudent

  La dette souveraine a surperformé au premier trimestre, les nouvelles géopolitiques ayant continué de dominer l’actualité et les matières premières s'étant redressées. Des risques subsistent pour la classe d'actifs, mais certains facteurs défavorables importants sont maintenant devenus des facteurs favorables.

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• Haut rendement : Une reprise rapide

  Les obligations et les prêts à haut rendement ont affiché un solide premier trimestre après les ventes techniques du quatrième trimestre. Les défauts de paiement se situant encore près des planchers historiques, les spreads actuels offrent des possibilités attrayantes de rendement ajusté en fonction du risque.

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• Real Estate Debt: A Time for Balance

  Dean Dulchinos, Head of Real Estate Debt Portfolio Management and Capital Markets, recently spoke with PERE about how he expects the U.S. real estate debt market to shape up in 2019—including the opportunities it presents, the shift in both investor types and risk-reward profiles sought, and how credit cycle placement is affecting the asset class.

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• Private Equity : Gestionnaires émergents, femmes ou ayant des profils divers

  Dans cet entretien, Mina Nazemi, Barings, nous explique en quoi les allocations à des gestionnaires émergents, femmes ou ayant des profils divers peuvent potentiellement contribuer à combattre cette tendance.

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• The Potential Benefits of Global Senior Secured Loans

  In the current environment, senior secured loans are gaining traction for their potential to offer a blend of attractive yield and protection against both credit and interest rate risk.

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• EM Debt: Navigating a Shifting Macro Backdrop

  After a rocky 2018, the picture may be brightening for emerging markets debt. From rising rates to trade wars, some of last year’s headwinds look to be receding, at least for now. Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re currently seeing.

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• EM Debt—A Brightening Picture?

  Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re seeing from Mexico and Brazil to more challenged geographies like Turkey and Argentina—and provide insight into how they’re thinking about political hotspots like Venezuela.

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• L’évolution du Crédit Investment Grade

  In a recent interview, David Nagle, CFA, portfolio manager in the Investment Grade Fixed Income Group, discussed the investment grade credit market, including some of the issues garnering headlines recently and how the market has evolved through the years.

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• Obligations à Haut Rendement: Cinq Points Clés pour les Mois à Venir

  Des guerres commerciales et du Brexit aux positions des banques centrales et aux récessions, les risques auxquels font face les marchés d’aujourd’hui ne manquent pas. Dans le contexte de cet environnement turbulent sur le marché des obligations à haut rendement, nous avons retenu cinq points qui méritent d’être pris en compte dans les mois à venir.

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• Un Fonds de Private Equity ne se Limite pas à ses Chiffres

  Chez Barings, contrairement à la croyance populaire, nous estimons que l'identification d'opportunités de haute qualité parmi les gestionnaires de capital-investissement émergents et diversifiés peut offrir aux investisseurs des rendements ajustés au risque attrayants.

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• Crédit Investment Grade - Taux, BBBs et ABS

  De l'inversion des courbes de taux au risque potentiel de dégradation de la note BBB, David Nagle, Barings, analyse certains des principaux défis auxquels sont confrontés les investisseurs sur les marchés IG aujourd'hui.

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• Brésil: une Nouvelle Frontière?

  Après l'élection nationale du pays, l'équipe des actions latino-américaines de Barings examine la position du Brésil et les réformes que le nouveau président pourrait envisager pour stimuler l'économie.

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• Is it Time to Consider a Blended Approach to EMD?

  How can investors tap into the diverse opportunities within EM debt? Ricard Adrogué, Head of Emerging Markets Debt and Omotunde Lawal Head of Emerging Markets Corporate Credit Research, weigh in.

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• How We Invest in Global Real Estate Markets

  At Barings, we leverage our deep teams, global presence and expertise across the four quadrants of real estate as we seek to help our clients turn opportunities into real solutions.

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• German Equity Outlook

  While market volatility has risen at the start of 2018, Barings continues to see attractive investment opportunities in German equities. In this viewpoint, we tell readers why and where we see the greatest investment potential.

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• EM Local Debt: Focused on Fundamentals

  Barings' combination of quantitative and qualitative analysis and tools provide a comprehensive and rigorous framework for investing in emerging markets local debt. In this Viewpoint, we give readers an inside look into our investment process.

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