Ansichten und Analysen

On a recent trip into London, shops continue to be busy and a visit to the Nike store on Oxford Street was a nightmare, given it was so full the staff couldn’t cope. This seems to fly in the face of the dire warnings of a consumer having to decide between food and heat.

We have reclassified our “Renewables” theme to “Decarbonisation”. Renewables are a key piece of the puzzle in the transition to carbon neutrality, but alongside this there are other key areas of the transition, which will represent a significant tailwind for those companies exposed to them.

Today, we’ll be focused predominantly on inflation and the central banks’ reaction function. First, let’s not forget that the COVID response resulted in huge debt burdens for most countries. This will be an important part of the discussion by central banks given the consequences for balance sheet financing of a too aggressive approach to fighting inflation. 

With new waves of regulation coming through and stakeholder pressure building around climate change, temperature alignment and long-term business strategies to address these issues remain leading priorities for investors. The COP26 summit reaffirmed how much reducing greenhouse gas emissions is pivotal to keep temperature increases below 2°C.

We entered 2022 expecting some headwinds around inflation, a few interest rate rises in the US, and slowly easing supply chain blockages. And COVID would be a distant memory….or at least endemic. I often sit here as an apologist for Fixed Income (it is my job after all!) given the low and/or negative yields on offer, but despite the headwinds of inflation and slowing economic activity, I believe we are beginning to see the resurgence of the next Fixed Income mini cycle. Whether it is duration or credit is too early to tell at this point.

Mirabaud Asset Management is proud to join the Net Zero Asset Managers Initiative, committing to support the goal of net zero greenhouse gas emissions by 2050 or sooner. As signatories to the initiative, we also commit to set interim targets consistent with a fair share of the 50% global reduction in greenhouse gas emissions by 2030.

Mirabaud Asset Management’s Valentin Bissat selects the charts that tell the story of a dramatic year on the markets

Mirabaud’s Lifestyle, Impact and Innovation private equity fund invests in disruptive young businesses destined to be the lifestyle leaders of tomorrow. As we start thinking about the shape the global economy will take after the pandemic, now is the perfect time to consider which shifts in consumer behaviour will prove transitory – and which will stick. Long Zhou takes the temperature of the premium lifestyle sector in a post-pandemic world.

Last week the UN Climate Change Conference (COP26) came to its climax. To mark the event, Sustainable Global Equities Research Analyst John Kisenyi has put together a four-part series of articles where he considers where the conference’s agenda intersects with ESG investing, and explores the risks and opportunities investors face as they engage with stakeholders on the journey to a more sustainable posture.

Last week the UN Climate Change Conference (COP26) came to its climax. To mark the event, Sustainable Global Equities Research Analyst John Kisenyi has put together a series of four articles where he considers where the conference’s agenda intersects with ESG investing, and explores the risks and opportunities investors face as they engage with stakeholders on the journey to a more sustainable posture.

The world’s attention remains on Glasgow for the ongoing UN Climate Change Conference (COP26). To mark the event, Sustainable Global Equities Research Analyst John Kisenyi has put together a four-part series of articles where he considers key parts of the conference’s agenda, and explores the risks and opportunities investors face in meeting the climate challenge. In this article, he assesses where the risks and opportunities lie around the most fundamental material of all: water.

This week, the world’s attention falls on Glasgow for the UN Climate Change Conference (COP26). To mark the event, Sustainable Global Equities Analyst John Kisenyi has put together a four-part series of articles that consider key parts of the conference’s agenda, and explore the risks and opportunities investors face in meeting the climate challenge. Here he offers his analysis of where renewable energy fits into the picture, as well as case studies and examples of successful engagement processes.

As the UK prepares to host the COP 26 UN conference on climate change, Mirabaud Asset Management’s Head of UK Equities David Kneale reviews the additional measures investors must take to integrate the challenges of climate change.

Mirabaud Asset Management’s Head of Fixed Income Andrew Lake gives his review of the situation as we head into the fourth quarter

As Germany changes its political leadership, Mirabaud Asset Management’s Hywel Franklin and Trevor Fitzgerald take stock of the country’s investment outlook.

We believe there is an increasingly clear relationship between companies’ approaches to managing ESG risks and the long-term sustainability of their dividend distributions. Paul Middleton, Portfolio Manager on Mirabaud’s Sustainable Global High Dividend Fund, explores this relationship.

Mirabaud’s Anu Narula takes stock after an unusual summer for equity markets.

2021 has seen an uptick in the Chinese government making market-moving political interventions. Are these the symptoms of an overconfident regime, or is the Communist Party laying the foundations for a decade of continued growth – and what does this mean for emerging market bond funds?

Rain in London in August, wildfires in Greece and Italy, floods in Bangladesh: can anyone still really deny that global warming is at a crisis point? The role of human influence on the climate system is undisputed. That’s the stark message from the IPCC report on climate change published earlier this week.

Examining how Mirabaud Asset Management’s Climate Bond team evaluates bond issuers’ climate policies