Markets & views
The Investors Journal (volume two)
The second edition of The Investors Journal, available here as a series of web articles, is the first that we’ve produced as Aviva Investors. Our internal experts and guest writer have pulled together a strong collection of topical and thought-provoking articles.
The unprecedented market turmoil of recent times has changed the world financial order, largely as a consequence of the mismanagement of risk by a large number of market participants. Recent events, while unsettling, have served to illustrate the importance to investors of both diversification and risk management: two themes that run through and provide a common thread to the six articles below.
Are we reliving the 1970s and if so what are the implications for investors?
The 1970s saw the emergence of stagflation negatively impact investment returns. Similar fears prevail today but strategies within equity markets can help protect returns for long term investors.
By: Niall Paul
BRICs & Mortar – why emerging markets are exciting the interest of international real estate investors
International real estate investors are attracted to emerging markets by a strong growth outlook, increasingly compelling fundamentals and diversification benefits.
By: John Buckley and Edward M. Casal
Private Equity: the elusive asset class
Despite a slowdown in global buyout activity, investors still pour money into private equity funds believing the outstanding returns consistently achieved by a small number of exceptional private equity managers are readily accessible.
By: Prof. Mario Levis, Cass Business School
Integrating Environmental, Social & Governance (ESG) factors into valuation analysis
Our research suggests many ESG factors are strong leading indicators of long-term earnings, which comprise the majority of a company’s value.
By: Jason Josefs
Liquidity: a forgotten value
When highly illiquid investments were considered on the same footing as more traditional asset classes, the price of liquidity had been ignored and the sound practices of liquidity management had been forgotten.
By: Dr. Jean-François Boulier
Funds of hedge funds investing - a disciplined approach
Funds of hedge funds are an investment in people rather than an asset class. A thoughtful and disciplined approach is key to fully realising the benefits of this active management style.
By: Steve S. Stotts and Tim S. Reimer