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#BondsLoans24 - Corona social bonds: How does the pandemic make a stronger business case for pursuing strategic ESG integration into funding strategies?

Rahul Sheth (Standard Chartered), Elena Chimonides (London Stock Exchange Group), Axel Bendiek (Ministry of Finance of the State of North Rhine-Westphalia), Farnam Bidgoli (HSBC), Giulia Pellegrini (Allianz Global Investors) discuss the long term prospects of Corona social bonds and pursuing ESG integration into funding

8 Jul 2020

Global Economics and Markets Sustainable Finance

#BondsLoans24 - This time is different: How long and deep will this bear market be?

Mark Mobius (Mobius Capital Partners) speaks to Alex Johnson (GFC Media Group) about how he expects the markets to respond after COVID-19 based on experience from previous bear markets

8 Jul 2020

#BondsLoans24 - Managing oil and gas in an age of uncertainty

Mark Cutis (ADNOC), Renè Javier Aninao (CORBŪ LLC), and Alex Johnson (GFC Media Group) discuss how the oil and gas industry is impacted by brewing geopolitical tensions, re-regionalisation of global supply chain, and the upcoming US elections

8 Jul 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

Risk assets came under pressure last week as the virus news stream worsened. It’s clear that large parts of the US will be forced to delay reopening until their virus numbers improve. Markets had gotten too bullish on the US recovery story and so this reality check soured sentiment. This is a very important week for US data, and we think risk sentiment will remain under pressure ahead of what we…

29 Jun 2020

Moody’s: Coronavirus to Sharpen Focus on Credit-Relevant ESG Factors

The coronavirus pandemic is likely only to intensify focus on environmental, social, and governance (ESG) factors as investors scrutinise governments’ and companies’ preparedness for global risks including and beyond public health emergencies, Moody’s analysts say.

24 Jun 2020

London Stock Exchange: Making Global Markets More Efficient and Accessible as Issuers and Investors Continue to Navigate COVID-19

In an important stress-test, the global capital markets have responded and adapted quickly to the unprecedented shock caused by the novel coronavirus pandemic, which has caused a dramatic shift in the way individuals and organisations in most nations live and work. These extreme conditions are only likely to accelerate the capital market ecosystem’s innovative efforts to streamline the securities…

18 Jun 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

EM and other risk assets stabilized to end the week after Thursday’s selloff, but remain vulnerable. The risks ahead are the same as before, which include a second wave of infections as well as a longer and shallower than expected recovery in global growth. The Fed’s message of low rates as far as the eye can see was balanced by Powell’s grim outlook for unemployment. The liquidity story should…

15 Jun 2020

Ashmore Group: When Market Valuations Become Too High to Fall

It cannot have escaped investors’ attention that stock markets are surging and spreads are tightening. Yet, the world has not looked as bad as this in political and economic terms for a very long time. Asset prices seem divorced from fundamental realities. How and why does this happen and what does it mean for investment? This short note aims to provide a brief perspective on these questions.

9 Jun 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

Risk-on was the theme last week and that is likely to continue this week. That’s good news for EM, which has benefited from improved market sentiment. Commodity prices continue to recover, even though the data out of mainland China remain mixed. The Fed is expected to reaffirm its current policy stance when the FOMC meets this week.

8 Jun 2020

Social Risk Remains the Most Difficult Aspect of ESG to Price

Social risk is an understudied and underappreciated facet of the ESG umbrella. As an expansive concept, it can be pivotal in credit performance, particularly in emerging markets and especially during these challenging times. But why does pricing social risk remain so elusive?

4 Jun 2020

Retail, Institutional Investors Head in Opposite Directions on EM Debt

Net fund flows into emerging market debt were flat for the week ending May 27, with investors continuing to favour hard currency debt over local assets.

2 Jun 2020

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

EM FX had a solid week, helped by overall weakness in the dollar. Trump’s threats against China turned out to be much ado about nothing and so risk assets ended the week on a strong note. This week, markets will be looking for some sort of response from China but quite honestly, Trump did so little that we may not see anything beyond some snarky Tweets from the Global Times. For now, the…

1 Jun 2020

Spike in Airline Debt to Weigh on Sector's Recovery

A recent report from the International Air Transport Association (IATA) notes that the global debt of the airline industry could climb by 28% to USD550bn by end 2020 – a USD120bn increase from the start of the year.

28 May 2020

BlackRock: Financial Performance Link to Sustainability in Times of Crisis is About People

ESG-tilted portfolios and assets have outperformed their non-sustainable counterparts through much of the recent market turbulence, according to MSCI and other index and data providers. In a recent paper, BlackRock says a positive correlation between ESG and performance appears strongest for firms that prioritise people.

26 May 2020

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