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contextualizes the Russia–Ukraine medium term conflict
Discusses reducing carbon emissions through the lens of net zero banking commitments and agricultural infrastructure
Identifies how to approach a fixed income portfolio with rising inflation and tighter accommodation, and quantifies how inflation affects retirement portfolios
Examines the need to rethink how we study the U.S. labor market in light of changing demographics and attitudes toward work
BOSTON and TORONTO, March 7, 2022 /CNW/ – Manulife Investment Management released today global intelligence, its semi-annual report with company-wide analysis and relevant insights from its investment teams. The first half 2022 report examines the factors that have contributed to recent market volatility and explores how the Russia–Ukraine conflict, rising inflation, supply chain issues, sustainability and labor shortages could affect investment opportunities as the global economy struggles to find its place after the pandemic.
“In our latest Global Intelligence, we highlighted the many challenges and opportunities in today’s markets,” said Paul Lorentz, President and CEO of Manulife Investment Management. “The topics covered aim to help investors manage the risks associated with military conflict and the humanitarian crisis by Ukrainediscover new sources of return, evaluate sustainability solutions, generate retirement income, and recognize forces within the global macroeconomic landscape that may affect their long-term portfolios. »
Christopher P. ConkeyCFA, Global Head of Public Markets at Manulife Investment Management, said, “Dramatic changes in the geopolitical and economic landscape are prompting investors to rethink assumptions and reassess risk. We believe now is the time for active management to add value, and we’ve highlighted several areas where our research helps investors do just that.”
Stephen J. BlewittGlobal Head of Private Markets at Manulife Investment Management, said, “Among the opportunities we see in the current environment are the ways in which innovations in agricultural infrastructure are making agriculture both more productive and more sustainable. These strategies may be more immediately important as we anticipate the stress affecting global commodities.”
Asset Class Themes and Observations Global intelligence include:
Incorporating the Russia–Ukraine conflict from a global macroeconomic perspective—Francoise DonaldGlobal Chief Economist and Strategist, Multi-Asset Solutions, provides perspective on developments in Ukraine in a medium-term perspective. Frances notes that the trajectory of the event reinforces the conviction of the team’s existing call that the first half of 2022 will face stagflationary momentum and the second half of 2022 will face hurdles to growth and to lower inflation.
Net-zero emissions: Pledges abound, but few banks are on track to meet their commitments—Frederick IsleibCFA, Director of ESG Research and Integration, and Omar Suleiman, ESG analyst, explore the pivotal role banks will play in steering the world towards a low-carbon future. Their analysis suggests that while many banks have made net zero commitments, few are so far achieving the pace of change required to achieve these goals.
From Farm to Fork: Overcoming Supply Chain Vulnerabilities with Agricultural Infrastructure Innovations—Oliver S. Williams IV, CFA, Global Head of Agricultural Investments and Recep C. Kendircioglu, CFA, FRM, Head of Infrastructure Investments, present compelling reasoning for improving agricultural production and solving supply chain issues through environmentally controlled agriculture ( ACE). As the agriculture industry faces a future characterized by natural resource scarcity, supply chain vulnerabilities, and more frequent extreme weather events, the increased integration of CEA technology into food production offers a way forward. to be followed sustainable and can offer specific benefits to open field agriculture with the added benefit of reducing carbon emissions.
Not All Benefits Are Created Equal: The Case for an Active Approach to Distributed Fixed Income Sectors—Howard C. GreeneCFA, co-head of US core and core-plus fixed income securities, Daniel S. Janis IIIGlobal Head of Multi-Sector Fixed Income, and Endre Pedersen, Deputy CIO, Global Fixed Income, and CIO, Global Emerging Markets Fixed Income, see the challenges of today’s fixed income market solved by taking an active, global approach to the markets. While the risks posed by rising rates, high inflation and tight valuations are unlikely to subside in the near future, active investors still have plenty of levers to pull: global diversification, allocation to sectors under -used, targeted yield curve positioning and actively managing currency exposure are all proven tactics that can add potential value in challenging markets.
The Impact of Inflation on Retirement Portfolios: Quantifying the Future Cost Today—Alex Grassinohead of macro strategy, North America, and Émilie Paquet, FSA, Head of Strategic Initiatives and Innovation, Multi-Asset Solutions, enlighten investors on the fact that small increases in inflation can have disproportionate impacts on their retirement portfolios. After discussing the team’s long-term inflation outlook and the forces pushing it to levels not seen in decades, they reveal how investors can use some fairly simple formulas to quantify the effects on their own portfolios. Importantly, they also discuss concrete steps investors can take today to lessen the painful impact rising prices may have on their retirement plans.
Five trends shaping the U.S. job market—Erica Camilleriglobal macro strategist, Francoise Donaldand Alex Grassinohead of macro strategy, North Americamulti-asset solutions, contextualize recent developments in the US labor market, and argue that economists need to think outside the box to better understand the rapidly changing labor market.
For more information and to view the full report, please click here.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management business of Manulife Financial Corporation. We draw on more than a century of financial stewardship and all the resources of our parent company to serve individuals, institutions and pension plan members around the world. Based at Toronto, our industry-leading capabilities in public and private markets are bolstered by an investment footprint that spans 18 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers around the world. We are committed to investing responsibly in our business. We develop innovative global frameworks for sustainable investing, collaborate with companies in our securities portfolios and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace pension plans. Today, plan sponsors around the world rely on our expertise in pension plan administration and investment to help their employees plan, save and live a better retirement. Not all offers are available in all jurisdictions. For more information, please visit manulifeim.com.
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SOURCE Manulife Investment Management
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