Sustainalytics tells Yahoo! Finance to pull 'highly inaccurate' ranking of responsible companies
August 20, 2020--League table, including Wells Fargo and Dakota Pipeline owner, wrongly claimed firms were highly rated by Morningstar-owned ESG research house
Yahoo! Finance has removed a list of the 30 "most socially responsible companies" at the request of ESG data provider Sustainalytics, which described the US web provider's ranking as a "highly inaccurate" reflection of its ratings.
The now deleted list included unlikely candidates...
Source: responsible-investor.com
Addressing Crisis Through Infrastructure
August 20, 2020-Fiscal policy plays a major role in counteracting recession when monetary policy hits the zero-bound and the worst-hit sectors are not interest-sensitive. Infrastructure stimulus generally creates larger economic benefits, because it not only puts people to work, but also creates durable assets that can help boost long-term growth.
Infrastructure investments formed a significant component of stimulus programs following the 2008 financial crisis (see figure). This type of investment is frequently cited as a necessary element of COVID-19 recovery packages.
Source: worldbank.org
Today's ultra-low interest rates are anything but 'natural'
August 20, 2020-It's inconceivable to overlook that central banks have lower rates of interest at an unprecedented tempo. A standard view is that financial and demographic components are forcing central bankers to maneuver on this course. This can be a misunderstanding. Policymakers shouldn't be let off the hook that simply.
Common rates of interest in developed markets have been in regular decline over the previous 30 years. This seemingly secular development has impressed a plethora of theories about what drives it, from commerce flows and productiveness, to life expectancy and demographic shifts. Relying in your alternative of timeframe, you may certainly see such components shifting with rates of interest previously few many years.
Source: universalpersonality.com
ESG Investments To Go Passive
August 19, 2020--More than half of institutional investors, 55%, believe the majority of their environmental, social and governance investments will be in passive products within the next five years, according to research from asset manager Invesco.
Institutional investors currently hold a fifth of their ESG exposure in passive vehicles such as exchange-trades funds, and nearly half intend to increase their passive holdings over the next two years.>P>view more
Source: marketsmedia.com
WEEKLY ENERGY RECAP: Oil demand set to falter till 2022 as virus uncertainty mounts
August 16, 2020--Crude oil prices remained stable for the third month in a row with Brent crude moving in a tight range between $40 and $45 per barrel since early June.
Brent advanced to $44.80 per barrel by the end of the week as WTI also gained to $42.01 per barrel.
The big three global oil outlooks published by OPEC, the International Energy Agency and the US Energy Information Administration were all bearish and based on the view that demand may not recover to 2019 levels until 2022 at the earliest.
Source: arabnews.com
Funds branded 'ESG' are laden with technology stocks
August 14, 2020--Campaigners say managers have overdosed on US giants such as Apple, Amazon and Microsoft.
Source: FT.com
WTO issues new report on how COVID-19 crisis may push up trade costs
August 13, 2020--The WTO Secretariat has published a new information note warning of possible increases to trade costs due to COVID-19 disruptions. The note examines the pandemic's impact on key components of trade costs, particularly those relating to travel and transport, trade policy, uncertainty, and identifies areas where higher costs may persist even after the pandemic is contained.
The note estimates that travel and transport costs account for as much as a third of trade costs depending on the sector. Pandemic-related travel restrictions are therefore likely to affect trade costs for as long as they remain in place. For example, global air cargo capacity shrank by 24.6 per cent in March 2020, as passenger flights account for around half of air cargo volumes.
Source: wto.org
Rampant bitcoin gives crypto hedge funds a big lift
August 13, 2020--Digital currency funds were up more than 50% from January to July, according to Eurekahedge.
Source: FT.com
China squeezes diversification out of MSCI's EM equities nest
August 12, 2020--Three countries in Asia now account for almost two-thirds of MSCI benchmark.
Source: FT.com
Active tech, healthcare and ESG funds outpace passives
Active technology, healthcare and ecology funds have been am...view more
Source: FT.com
August 11, 2020--Actively managed funds have been outpacing passives in hot-ticket equity sectors as investors seek exposure to the economic megatrends that have been accentuated by the Covid-19 crisis.
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