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White Papers

White Papers

In-depth, expert analysis on the changing landscape of investments around the world. Leading asset managers reports uncover trends, highlight changes and consider future strategic impact.

Invesco Responsible Investing Disclosing Disruption

This Invesco paper focuses on the digital and environmental side of disruptive trends, due to their accelerating impact upon the investment industry.

Company: Invesco
Date added: 04-12-2018
Sector: Environmental, social and governance (ESG)

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Invesco Global Factor Investing Study 2018

Invesco's 3rd annual Global Factor Investing Study is based upon interviews with over 300 institutional investors and is the largest in-depth analysis of global factor investing.

Company: Invesco
Date added: 04-12-2018
Sector: Risk Management

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Invesco - Responsible investing and active ownership

The consideration of environmental, social and governance (ESG) issues in investing has grown in importance and developed in its implementation in recent years. Different terms, often used interchangeably, are used to express the various approaches: these include responsible investing (the term preferred at Invesco) and sustainable investing.

Company: Invesco
Date added: 23-11-2018
Sector: Environmental, social and governance (ESG)

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Invesco - Sub-investment grade opportunities for insurers: Senior secured loans

With the introduction of Solvency II at the start of 2016, and with interest rates continuing to remain at historically low levels, insurers are increasingly looking for ways to deliver attractive risk-adjusted returns that are efficient from a capital perspective.

Company: Invesco
Date added: 23-11-2018
Sector: Securities Services

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Invesco - The role of absolute return multi asset strategies in a defined contribution plan

Multi asset strategies – particularly diversified growth funds (DGFs) – have found a broad appeal within DC portfolios due to their potential to provide an attractive combination of growth, diversification, and lower volatility within a single investment vehicle. In this paper, Elena Zhmurova (DC Strategist) looks at the use of multi asset strategies and considers the benefits of an absolute return multi asset strategy in a DC portfolio.

Company: Invesco
Date added: 23-11-2018
Sector: Absolute Return

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Invesco - Industrial Revolution 4.0: ghosts of disruption past, present, and future

We argue that the transitional challenges posed by a “fourth industrial revolution”– dubbed “IR 4.0” – are already well under way. We define this revolution as one featuring much greater use of “capital” – via digitisation, automation and artificial intelligence (AI) – across areas of human endeavour that have hitherto been the province of “labour”.

Company: Invesco
Date added: 22-10-2018
Sector: Markets

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Invesco - A Map for the Future of the Euro

Co-authored by Jacek Rostowski, a former Deputy Prime Minister and Finance Minister of Poland, and Arnab Das, a Global Market Strategist and member of Invesco’s Global Thought Leadership team, the series examines Europe’s troubled past, uncertain present and possible future. This is the first in what we plan as a series of five papers, subject to the evolution of European affairs: – A Map for the Future of the Euro: Navigating Political Conflicts – The Survivability of the Euro: Reform, Relevance and Robustness – The Internal Politics of the EU: Protest, Populism and “Peak Europe” – Geopolitics: Economic Giants, Political Pygmies and the Scope for a “Money for Muscle” Deal in the EU – From Brexit to the Balkans: Peripheral Perspectives on the Eurozone.

Company: Invesco
Date added: 22-10-2018
Sector: Currency

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Invesco - Strategic sector selector: Bottom fishing

Recent sector moves have given us the chance to reassess our allocation and we think that investors have overreacted to risks in certain sectors. Our economic outlook is broadly unchanged from the last quarter, and therefore we upgrade sectors that have been buffeted by trade war talk and fears of significant economic slowdown. We raise European autos and banks to Overweight and downgrade retail in both regions. Travel & leisure remains our favourite cyclical sector and we like telecommunications as a defensive hedge.

Company: Invesco
Date added: 31-07-2018
Sector: Briefing - Investment

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Invesco Global Sovereign Asset Management Study 2018

This is Invesco's sixth annual study of sovereign investors. It gathers unique perspectives from senior investment professionals managing the assets and reserves of sovereign wealth funds, state pension funds and central banks globally. This year's study includes a broadened-out central bank sample, reflecting their growing importance and maturity as investors. As a result, some 126 sovereign investors are now represented in the study. The increase in sample size, together with the strong investment returns achieved in 2017, means these investors now manage assets of over US$17 trillion. This is a store of financial value of exceptional scale, comparable in size to the world’s top 300 pension funds. This is true investing at scale, and it influences each of the themes of this year’s study.

Company: Invesco
Date added: 23-07-2018
Sector: Environmental, social and governance (ESG)

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Invesco - Risk & Reward Research and investment strategies

This issue compares factor investing to the two other common investment approaches: traditional alpha strategies and market cap-weighted indexing. We argue that each of these three distinct investment approaches has its own merits and purposes and that, by understanding these differences, investors can make more informed decisions. In our interview, Invesco’s factor investing expert Stephen Quance shares insights from his daily contact with investors trying to make up their minds and decide between active, passive and factor investing.

CONTENTS

  • Factor investing: the third pillar of investing
  • India: Modi lays down building blocks for growth
  • Currency carry strategies Avoiding currency carry pitfalls
  • Risk mitigation strategies
  • Performance attribution through a factor lens

Company: Invesco
Date added: 09-07-2018
Sector: Risk Management

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Invesco - Risk and Reward: July 2018

This issue compares factor investing to the two other common investment approaches: traditional alpha strategies and market cap-weighted indexing. We argue that each of these three distinct investment approaches has its own merits and purposes and that, by understanding these differences, investors can make more informed decisions. In our interview, Invesco’s factor investing expert Stephen Quance shares insights from his daily contact with investors trying to make up their minds and decide between active, passive and factor investing.

CONTENTS

  • Factor investing: the third pillar of investing
  • India: Modi lays down building blocks for growth
  • Currency carry strategies Avoiding currency carry pitfalls
  • Risk mitigation strategies
  • Performance attribution through a factor lens

Company: Invesco
Date added: 09-07-2018
Sector: Risk Management

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Invesco - Lost in Translation In Search of Authenticity in ESG Integration

Today a large number of investors and asset managers use “ESG integration” to describe their overall approach to responsible investing but what does that really mean? We believe the term has entered common investment parlance and a sincere search for authenticity in ESG integration is now required. 

Company: Invesco
Date added: 18-05-2018
Sector: Environmental, social and governance (ESG)

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Invesco - "Generation Income" - looking beyond traditional real estate

Investors need income, but how can it be generated in a low-return environment? For real estate investors, it may be time to look beyond the well-known. In this article, we present three alternatives that can enhance real estate investments or multi-asset portfolios: European hotels, income-focused investing in the US and global income securities.

Company: Invesco
Date added: 01-02-2018
Sector: Real Estate

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Invesco - 2016 Investment Stewardship and Proxy Voting Annual Report

ESG is becoming a key focus for EMEA institutional clients. Invesco's ESG approach is rooted in our investment strategies, products, proxy voting, active ownership, engagement and other oversight practices, to ensure we are meeting the highest levels of fiduciary and corporate responsibility. Inside the 2016 report you will find: An introduction from Marty Flanagan; Facts and figures outlining Invesco’s ESG capabilities; Examples of some of our leading ESG strategies; Details of Invesco’s proxy voting in action.

Company: Invesco
Date added: 06-04-2017
Sector: Environmental, social and governance (ESG)

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Invesco - Sizing up Europe's corporate pension gap

The well documented decline in corporate bond yields driven by central bank monetary stimulus has led to a substantial rise in reported deficits among corporate Europe’s defined benefit pension schemes.

Company: Invesco
Date added: 06-04-2017
Sector: Pension Reports

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Invesco - Risk & Reward Research and investment strategies

We are pleased to share with you our latest Risk & Reward article. This issue examines the effect of rising interest rates in the US on bond investors, the favourable conditions for Emerging Markets and an article on Risk-based currency management. The publication also looks at factor investing, which we see as a timely investment approach. We examine how to construct a balanced portfolio using factors. Our analysis compares a multi-factor portfolio against combinations of single-factor portfolios, and seeks to answer whether a third way is possible.

Company: Invesco
Date added: 06-04-2017
Sector: Risk Management

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Invesco - UK Private Rented Residential Sector: An income generative infrastructure investment?

For the Local Government Pension Scheme (LGPS), the Government’s recent regulatory changes and the Brexit vote have fuelled economic uncertainty and created fresh challenges and opportunities. This paper asks What constitutes infrastructure, why is it increasingly important to the LGPS and if the UK Private Residential Sector can benefit LGPS Funds?

Company: Invesco
Date added: 06-04-2017
Sector: Residential

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Invesco - How to generate income in a low interest rate environment?

Since mid-2013, global market volatility has become more pronounced and frequent, while interest rates have remained low. Given the increasing level of market volatility, it is appropriate to ask “how can you generate income and manage the risk in a low interest rate environment”?

Company: Invesco
Date added: 21-03-2017
Sector: Interest Rates

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Invesco - Annual Economic Outlook 2017

With widespread misunderstanding about the stance of monetary policy in the financial markets, John Greenwood, Chief Economist at Invesco Ltd. discusses, in further detail, the macro economic outlook for 2017 and beyond, sharing his insights on: How the economic recovery might differ across developed and emerging economies; the impact of China’s credit explosion on emerging economies; the U.S. economy under Donald Trump’s leadership; how the continued Brexit fallout is expected to slow Britain’s GDP; the current European political climate and economic growth.

Company: Invesco
Date added: 06-03-2017
Sector: Markets

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Invesco - Investment strategies for institutional investors

In financial markets, predictability is a rare commodity. Following the largely unexpected results from the UK referendum on EU membership and the US presidential election – along with the far-ranging impact these political events promise – the need for portfolio diversification has been further underlined.

Company: Invesco
Date added: 01-01-2017
Sector: Briefing - Investment

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Invesco - Global Equities: Thinking differently about the world

We have been investing across global equity markets for more than 30 years and while markets have changed, we have always remained true to our investment principles, even if that has meant taking a very different view. We know from experience that to outperform the market, you often have to be different to the market.

Company: Invesco
Date added: 01-01-2017
Sector: Global Equities

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Invesco - European equities: Because experience matters

The past few years have not been easy for the European economies, with the global financial crisis followed closely by the sovereign debt crisis. However, these events have led to both social and economic reforms across the region that have resulted in a European financial system significantly more robust relative to previous years, and with much to be optimistic about in terms of the economy and corporate earnings. Ultimately, the region has emerged strengthened.

Company: Invesco
Date added: 01-01-2017
Sector: European Equities

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Invesco - Enhanced Index funds: Bringing investment skill to index investing

More and more investors are including index funds in their investment portfolios due to cost considerations by some and the diversification benefits they can offer alongside more traditional strategies by others. However, index funds will only ever perform in line with their index, and we believe that by adding investment skill to index investing, we can deliver a better return for investors.

Company: Invesco
Date added: 01-01-2017
Sector: Index-Linked Gilts

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Invesco - Enhanced Index funds: Bringing investment skill to index investing

Invesco Perpetual believe that enhanced index funds can bring investment skill and expertise to the world of index investing to deliver a better return for investors.

Company: Invesco
Date added: 01-01-2017
Sector: Index-Linked Gilts

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Invesco - Global Factor Investing Study 2016

At Invesco we have a single focus: to help clients achieve their investment objectives. We do this through understanding what their objectives are and a commitment to investment excellence.

Company: Invesco
Date added: 01-01-2017
Sector: Index-Linked Gilts

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Invesco - Talking Credit

With uncertain times ahead, our experience in bond markets gives us an informed viewpoint, and the ability to act with conviction.

For the past two decades we have taken investment opportunities when they exist, and placed an emphasis on preserving capital by reducing risk when they don’t. 

Company: Invesco
Date added: 01-01-2017
Sector: Fixed Income

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Invesco - 360° magazine: magazine - views, ideas and analysis from the Multi Asset team (Vol 2)

Do you remember what you were doing three years ago?  As I recall, global equity markets were continuing their strong run from the lows of summer 2012, as several risks receded and market sentiment improved.  However, the effects of the global financial crisis were still being strongly felt by institutional investors, leading many to look for alternative ways to generate growth while limiting further drawdowns.

Company: Invesco
Date added: 01-12-2016
Sector: Briefing - Investment

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Invesco - Risk & Reward Research and investment strategies

At Invesco, we’re dedicated to delivering an investment experience that helps people get more out of life. In fact, our entire firm has been built over many years with a single focus: to help clients achieve their investment objectives.

Company: Invesco
Date added: 01-12-2016
Sector: Risk Management

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Invesco - 360° magazine: magazine - views, ideas and analysis from the Multi Asset team (Vol 1)

I am delighted to welcome you to 360° magazine, our new publication for institutional investors. As a professional investor, you’ll know how challenging it can be to find reliable sources of return in volatile market conditions, with value often being created and eroded rapidly. This has generated an increasing demand for investments that can provide effective diversification: dampening volatility, while delivering alpha. 

Company: Invesco
Date added: 01-09-2016
Sector: Briefing - Investment

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Invesco Perpetual Global Equities and the impact of the Brexit Vote on the global economy and financial markets

On 6 July 2016, Nick Mustoe (NM), Chief Investment Officer and Head of Global Equities, and Stephen Anness (SA), Global Equities Fund Manager, answered questions from financial advisers on the impact of the Brexit Referendum outcome on the global economy and on financial markets, and discussed where they see potential opportunities and their outlook on monetary policies, industry sectors and the broader equity markets.  

Company: Invesco
Date added: 00-00-0000
Sector: Global Equities

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