Insights

Covered bonds are in an excellent position to offer attractive returns in the months ahead, whether the landing is a soft one or not.

Did you know that by 2030—just seven years from now—we will need twice the natural resources Earth can regenerate in order to maintain our current lifestyle ? Humans are consuming our planet’s resources so quickly it can’t keep up. And this is creating major risks and opportunities for investors.

To date, the ‘E’ has dominated focus within the ‘ESG’ landscape, with environmental concerns like climate change high on the list of investor priorities, while the ‘S’ has lagged.

The world is drowning in garbage. At least that’s the impression you might get if you look at the forecasts for the projected global increase in waste: For 2050, the World Bank predicts a growth in the annual global waste generation from the current around 2 billion to 3.4 billion tons – an increase of around 70%. This represents more than double the population growth over the same period.

Looking back two years, can you still remember the shortage of numerous products towards the end of the pandemic? Consumers were facing shortfalls of products ranging from televisions and cellphones to cars, WiFi routers, medical devices and gaming consoles, among many other things. A central reason was a global shortage of semiconductors, also known as microchips and integrated circuits, mainly due to the effects of the Corona crisis causing disruptions in the supply chain.

As we approach the end of 2023 and look towards a new year, Claus Vorm, Sr. Portfolio Manager and Deputy Head of Multi Assets at Nordea Asset Management considers what lies in store for Multi Assets markets.

As we enter 2024, the global food service industry — a $2.3 tn powerhouse projected to reach well above $ 5 tn by 2030 with a Compound Annual Growth Rate (CAGR) of 10.79% — stands at a crossroads.

Major central banks have finally moved into a genuine data-dependent mode, meaning that the pattern of signaling the outcome of policy meetings well in advance is finally over. While peak rates are at least likely to be close, further hikes certainly cannot be excluded. Only rate cuts are excluded for now.

Neste sentido, e sem sombra de dúvidas, as duas megatendências para a próxima década e mais além são a transição climática e a digitalização. Ambas apresentam riscos e oportunidades de investimento significativos para os setores privado e público e geram novas alianças entre setores e geografias. As empresas que estão posicionadas na intersecção são particularmente interessantes, especificamente as que fornecem soluções e serviços eficientes em termos de recursos.

À medida que as obrigações empresariais europeias apresentam rendimentos que não eram observados há muitos anos, os investidores começam a olhar de novo para o mercado de crédito da região. Embora todos os segmentos da dívida empresarial europeia ofereçam níveis de rendimento atrativos em relação à última década ou mais, os investidores devem evitar a complacência face aos desafios contínuos.

We are optimistic and see a high level of structural growth potential in the following EM countries:

Os problemas ambientais e sociais desafiam cada vez mais as cidades. Os ativos sustentáveis de infraestrutura e imobiliário têm um papel essencial em solucioná-los e, por isso, são vitais na política climática de qualquer país.