Telephone 01260 226 610
Mobile 07429 652 970
Email enquiries@laforum.co.uk

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.

Schroders - UK Budget: Stamp duty cut buys time for Hammond but can't hide challenges

The economics view - Azad Zangana, Senior European Economist & Strategist, said:

"The inaugural Autumn Budget was meant to be a quiet affair when first conceived, but the result of the snap general election earlier this year made this event crucial not only for the government, but for the Chancellor himself.

Company: Schroders
Date added: 22-11-2018
Sector: Financial Services

>> DOWNLOAD WHITE PAPER

Schroders - Pound devaluation: how the lessons of 1967 apply today

The UK actively devalued its currency in 1967, but the 20% fall in the pound since the Brexit vote continues a long-term trend of devaluation.

Company: Schroders
Date added: 21-11-2018
Sector: Currency

>> DOWNLOAD WHITE PAPER

Schroders - Europe is booming

Strong growth and falling inflation means investors can continue to enjoy the Goldilocks environment.

Company: Schroders
Date added: 31-10-2018
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - Political risks simmering: Spain, Italy and Austria divided

We look at the political risks simmering in Europe and the potential issues with global growth without wage inflation.

Company: Schroders
Date added: 31-10-2018
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - Sustainable Investment Report Q3 2017

In this quarter's infographic we update the climate change dashboard and look at when the drugs don't work.

Company: Schroders
Date added: 13-10-2018
Sector: Environmental, social and governance (ESG)

>> DOWNLOAD WHITE PAPER

Schroders - Bon Bonn? What the UN Climate Conference taught us

We did not expect many announcements at COP23 that would reshape how we look at the world. None surprised us.

In our view, the key takeaways lie in the picture painted of global commitment and the platform built for tougher action in the future. Here there was some progress. Outside the formal proceedings, the EU reached an initial agreement to tighten its emissions trading scheme and a group of 19 countries launched an alliance to phase out coal-fired power.

Company: Schroders
Date added: 23-11-2017
Sector: Environmental, social and governance (ESG)

>> DOWNLOAD WHITE PAPER

Schroders - Talking Economics: Global liquidity and emerging markets

Emerging markets have benefited from an extremely accommodative environment but global liquidity conditions are becoming less easy than they used to be. We look at where the vulnerabilities may lie.

Company: Schroders
Date added: 05-07-2017
Sector: Emerging & Frontier Markets

>> DOWNLOAD WHITE PAPER

Schroders - Article 50: what’s next for investors?

On the day the UK prime minister triggered Article 50, beginning a two-year process that will see the country leave the EU, we find out from our economists what they expect now for the UK economy.

Company: Schroders
Date added: 29-03-2017
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Artificial intelligence: A New Machine

Artificial intelligence (AI) may be one of the most important developments of our time. While most are familiar with the term, few understand the architectures and processes behind it, nor why it is finally to become relevant. Yet to comprehend AI is to gain an insight into the future. The impact will be felt across all industries and aspects of life itself. Its importance should not be underestimated. 

Company: Schroders
Date added: 28-03-2017
Sector: Venture Capital

>> DOWNLOAD WHITE PAPER

Schroders - Harnessing the data science revolution

The process of collecting and analysing data has undergone a revolution. No longer is it sufficient for active investors to tease investible insights from familiar information like trading figures, market shares and economic updates.

Company: Schroders
Date added: 28-03-2017
Sector: Venture Capital

>> DOWNLOAD WHITE PAPER

Schroders - The international route to a truly diversified property portfolio

Real estate is often seen as a diversifier for a traditional equity and bond portfolio. Yet, while most investors are aware of the importance of portfolio diversification, many with property investments still exhibit varying degrees of “home bias”, a tendency to favour domestic markets over those in other countries.

Company: Schroders
Date added: 28-03-2017
Sector: Real Estate

>> DOWNLOAD WHITE PAPER

Schroders - Is Denver the best place to live and work in America?

With its close proximity to the Rocky mountains, a rich cultural scene and growing population, we explain the city's popularity and what that means for global real estate investors. 

Company: Schroders
Date added: 28-03-2017
Sector: Real Estate

>> DOWNLOAD WHITE PAPER

Schroders - EuroView: Rotation, earnings recovery and a view from the US

Rory Bateman discusses key themes in European equities, including the rotation towards value, prospects for corporate earnings, and the investment implications of a Donald Trump presidency.

Company: Schroders
Date added: 25-01-2017
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - Outlook 2017: Emerging market debt relative

2017 may prove a challenging year with consensus expecting a firm US dollar; however any change to this view could see a considerable rally and fundamentals for many emerging markets have improved.

Company: Schroders
Date added: 25-01-2017
Sector: Emerging Market Debt

>> DOWNLOAD WHITE PAPER

Schroders - Will ‘value investors’ win in 2017?

Value investing enjoyed a turnaround in fortunes in 2016, but after many years of underperfomance compared with growth could 2017 be the year for value investors?

Company: Schroders
Date added: 25-01-2017
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - How big was the global Trump rally – and where does it leave valuations?

The prospect of a Trump presidency has fuelled a rally in stockmarkets. We explain why and look at the latest valuations.

Company: Schroders
Date added: 19-01-2017
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Diverse demographics and 'the pizza ATM': how Singapore stacks up as a global city

A strategically positioned trade centre, Singapore continues to adapt and evolve as a global property hotspot. The Global Cities team recently visited Singapore to explore the reasons why, as well as consider some of the challenges faced by the market.

Company: Schroders
Date added: 17-01-2017
Sector: Asia Pacific

>> DOWNLOAD WHITE PAPER

Schroders - Quarterly markets review - Q4 2016

An overview of markets in Q4 2016 when the US presidential election dominated the news and bond yields generally rose.

Company: Schroders
Date added: 06-01-2017
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - How low rates affect stock market returns

The world has been living with low interest rates for eight years but such periods are not new. Both the US and UK saw rates below 1% for most of the two decades spanning the Second World War, while Japan has been living with sub­1% rates since 1995. 

Company: Schroders
Date added: 05-12-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Renzi's resignation will hurt Italy's long­term outlook

Italian Prime Minister Matteo Renzi is set to resign after losing his referendum on constitutional and voting reforms. Having staked his political career on the vote, the larger­ than­ expected defeat (59% vs. 41%) left him no choice but to announce his intended resignation. 

Company: Schroders
Date added: 05-12-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Outlook 2017: Global Cities

Volatility is likely in 2017 in a changing landscape for real estate, but a longterm focus on the strongest companies in the strongest global cities should prove beneficial.

Company: Schroders
Date added: 05-12-2016
Sector: Real Estate

>> DOWNLOAD WHITE PAPER

Schroders - Employment report seals December rate rise in the US

Today’s US jobs report showed payrolls rose 178,000 in November, in line with expectations. Alongside a surprise drop in the unemployment rate to 4.6%, this gives the US Federal Reserve (Fed) the case to raise rates. 

Company: Schroders
Date added: 05-12-2016
Sector: US Equities

>> DOWNLOAD WHITE PAPER

Schroders - Outlook 2017: Japanese Equities

If the higher US interest rates and stronger dollar that have prevailed since the election are sustained, the Japanese equity market would be well supported by improved earnings expectations and extremely low longterm domestic bond yields. However, the lead up to presidentelect Trump’s inauguration in January and his initial period in office could easily see a series of unpredictable events.

Company: Schroders
Date added: 05-12-2016
Sector: Japan

>> DOWNLOAD WHITE PAPER

Schroders - The '75%' chance that the Santa Rally exists

Stockmarket superstitions should be treated with caution. However, analysis of decades of data suggests December has normally been a good month for equities.

Company: Schroders
Date added: 05-12-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

Schroders - Outlook 2017: European Equities

2017 could be a volatile year for European equities but this can create significant investment opportunities, particularly as earnings look poised to improve.

Company: Schroders
Date added: 05-12-2016
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - How will Trump’s presidency affect Asian trade?

When assessing the impact of the new US president­in­waiting on trade, the importance of overseas trade relative to GDP is not equal across all Asian countries. China, India and the Philippines have a high proportion of exports going to US, but they are actually relatively closed economies; the apparent economic impact is less troubling. 

Company: Schroders
Date added: 05-12-2016
Sector: Asia Pacific

>> DOWNLOAD WHITE PAPER

Schroders - TalkingEconomics: Europe forecast update - higher inflation to dampen growth

In the UK, the Bank of England (BoE) is likely to remain on hold now given better growth, but the

government has missed a great opportunity to boost public investment and longterm

productivity growth.

Company: Schroders
Date added: 05-12-2016
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - TalkingEconomics: Global forecast update - growth and risks rise under Trump

We have upgraded global growth for the first time in nearly two years. Better near-term activity plus a more favourable outlook for the US, UK and emerging markets are behind the move.

Company: Schroders
Date added: 05-12-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

Schroders - Global Investor Study 2016 – Plan Sponsors

A global study of pension fund investors, with a focus on investment outcomes and environmental, social and governance issues. 

Company: Schroders
Date added: 01-12-2016
Sector: Pension Reports

>> DOWNLOAD WHITE PAPER

Schroders - Over confident investors and the help they want: an overview of engagement

Misplaced belief in the understanding of investments could hurt investors planning their financial future. However, a strong desire to learn and seek advice from financial professionals presents a perfect opportunity for the investment industry to engage with consumers.

Company: Schroders
Date added: 12-09-2016
Sector: Briefing - Investment

>> DOWNLOAD WHITE PAPER

Schroders - Economic and Strategy Viewpoint: October 2016

This month we look at political risk, both in the US and Europe, as the US presidential election and Italian referendum approach.

Company: Schroders
Date added: 03-09-2016
Sector: Briefing - Investment

>> DOWNLOAD WHITE PAPER

Schroders - 2016 Q1 Results

Schroders - 2016 Q1 Results

Company: Schroders
Date added: 29-06-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

Schroders - Britain votes for Brexit; but where do investors go from here?

The UK’s EU referendum battle is finally over, but now is the time that the UK’s fight for growth really begins.

Company: Schroders
Date added: 24-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Live – EU Referendum Special

At a special event following the result of the European Union referendum, four Schroders experts assess the possible implications of the Britain’s decision to leave the economic bloc.

Company: Schroders
Date added: 24-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Brexit: 25 years of FTSE history and what happened in the years that followed the biggest one-day falls

Brexit: 25 years of FTSE history and what happened in the years that followed the biggest one-day falls.

Company: Schroders
Date added: 24-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Assessing the impact of Brexit on emerging markets

Schroders - Assessing the impact of Brexit on emerging markets.

Company: Schroders
Date added: 24-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Investing in the future: Japan's focus on sustainability

Japanese companies are increasingly thinking long term in order to thrive and grow in the future. 

Company: Schroders
Date added: 21-06-2016
Sector: Japan

>> DOWNLOAD WHITE PAPER

Schroders - Euro 2016: Where are the best equity opportunities among the tournament favourites?

With the Euro 2016 football tournament about to get under way, we assess the investment opportunities offered by some of the main contenders. 

Company: Schroders
Date added: 18-06-2016
Sector: European Equities

>> DOWNLOAD WHITE PAPER

Schroders - EU referendum: The problem with polls and what it means for markets

With a week to go until the UK's referendum on its EU membership, Marcus Brookes looks at what the polls are saying and whether to believe them, and what the vote will mean for various markets. 

Company: Schroders
Date added: 16-06-2016
Sector: Brexit

>> DOWNLOAD WHITE PAPER

Schroders - Are the wheels falling off the autos sector?

Auto stocks have hit the skids as investors fear earnings have peaked. We discuss the sector’s outlook, including areas where we see potential for continued earnings growth, and whether stocks are now “cheap enough” regardless. 

Company: Schroders
Date added: 16-06-2016
Sector: Auto Sector

>> DOWNLOAD WHITE PAPER

Schroders - What would helicopter money mean for markets?

The Multi-Manager View: the team looks at one of the next possible policy weapons in the monetary arsenal - helicopter money - and considers its market implications.

 

Company: Schroders
Date added: 13-06-2016
Sector: Multi Asset

>> DOWNLOAD WHITE PAPER

Schroders - US jobs data provides boost for EM debt and currencies

The slowdown in US jobs growth highlighted by Friday’s non­farm payroll data is a significant positive for emerging markets, their debt and their currencies. 

Company: Schroders
Date added: 06-06-2016
Sector: Emerging Market Debt

>> DOWNLOAD WHITE PAPER

Schroders - Monthly markets review ­ May 2016

A look back at markets in May 2016 when stronger US macroeconomic data fuelled expectations of a summer rate hike from the Federal Reserve. 

Company: Schroders
Date added: 01-06-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Investment Horizons Issue 5

We’re pleased to announce the publication of the latest edition of Investment Horizons, our regular look at vital themes relevant for institutional investors.

Company: Schroders
Date added: 01-06-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Pension funds and index-­linked gilts: a supply/demand mismatch made in hell

A severe supply/demand imbalance means that pension funds waiting for index-­linked gilt yields to rise to “attractive” levels are fighting a losing battle. 

Company: Schroders
Date added: 01-06-2016
Sector: Index-Linked Gilts

>> DOWNLOAD WHITE PAPER

Schroders - Property: a firm foundation for pension scheme derisking plans

The strong run in property values over the past few years is likely to have boosted the funding levels of those pension funds with reasonable­sized allocations to real estate. The temptation may now be to sell out while the going is good. We can understand the urge, but wonder whether trustees and governance committees will find anything quite as suitable for their needs in the current climate? 

Company: Schroders
Date added: 01-06-2016
Sector: Real Estate

>> DOWNLOAD WHITE PAPER

Schroders - Three ways to head off threats to your funding ratio

There are many techniques to manage equity market risk, but most tend to be onerous from a governance standpoint and are typically short term, while their objectives may not be aligned with the specific pension scheme’s longer­term needs. 

Company: Schroders
Date added: 01-06-2016
Sector: Risk Management

>> DOWNLOAD WHITE PAPER

Schroders - DC: Steering a smarter path to retirement

The turbulence that investment portfolios have experienced this year is likely to have given many defined contribution (DC) pension schemes pause for thought. How can they best protect their savers from volatile markets, while also generating returns that maximise what are often inadequate contributions?

Company: Schroders
Date added: 01-06-2016
Sector: Defined Contribution

>> DOWNLOAD WHITE PAPER

Schroders - Three key questions to ask in an effective investment review

Navigating an investment strategy review can be a daunting task. To help trustees, we have distilled down the process to the three key questions we believe they need to focus on.

Company: Schroders
Date added: 01-06-2016
Sector: Briefing - Investment

>> DOWNLOAD WHITE PAPER

Schroders - Three key questions to ask in an effective investment review

Navigating an investment strategy review can be a daunting task. To help trustees, we have distilled down the process to the three key questions we believe they need to focus on.

Company: Schroders
Date added: 01-06-2016
Sector: Briefing - Investment

>> DOWNLOAD WHITE PAPER

Schroders - Commodities: the bear market is over

We believe the majority of commodities have bottomed, heralding the start of a new bull market. 

Company: Schroders
Date added: 27-05-2016
Sector: Commodities

>> DOWNLOAD WHITE PAPER

Schroders - Responsible Investment Report ­ Q1 2016

This quarter's report focuses on the convergence of environmental, social and governance (ESG) considerations with fiduciary duties and the investment industry's challenge to turn those good intentions into practice.

Company: Schroders
Date added: 06-05-2016
Sector: Environmental, social and governance (ESG)

>> DOWNLOAD WHITE PAPER

Schroders - Can small caps prosper in a world of deflation and disruption?

The recent underperformance of small caps in a number of markets has prompted some to suggest that they may have lost their particular investment advantages. We disagree.

Company: Schroders
Date added: 01-05-2016
Sector: Small Cap

>> DOWNLOAD WHITE PAPER

Schroders - Economic and Strategy Viewpoint May 2016

In this month's Viewpoint we discuss the options available to policymakers in a world of low growth, the consequences of negative interest rates and emerging market reform progress.

Company: Schroders
Date added: 01-05-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Global Market Perspectives Q2 2016

Economic and asset allocation views covering Q2 2016. This includes our global growth update, 30­year return forecasts, and our research note assessing the risk of a US recession. 

Company: Schroders
Date added: 08-04-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

Schroders - Economic and Strategy Viewpoint April 2016

In this month's Viewpoint out top economists analyse the global economy and ask whether the panic is over, and what's next? They consider Brexit risks and whether now is the right time to buy emerging markets. 

Company: Schroders
Date added: 01-04-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - Where does real estate fit in pension scheme derisking plans?

De­risking has been a key trend for UK pension schemes over the last 10 years. In an attempt to attain and retain higher funding levels, allocations to growth assets such as equities and real estate (property) have been reduced, whilst holdings of bonds have been on the rise. However, is blanket de­risking across growth assets, or even a move wholly out of real estate, necessarily the best way to reduce risk?

Company: Schroders
Date added: 07-03-2016
Sector: Risk Management

>> DOWNLOAD WHITE PAPER

Schroders - Economic and Strategy Viewpoint March 2016

In this month's Viewpoint we update our global growth forecasts, look at Europe which has become a source of comfort in an uncertain world, and ask whether emerging markets have reached their nadir? 

Company: Schroders
Date added: 01-03-2016
Sector: Markets

>> DOWNLOAD WHITE PAPER

Schroders - A study of global best practice in government funds: The opportunity for the LGPS

The details of the new Local Government Pension Scheme (“LGPS”) arrangements are yet to be agreed, but the principles are clear: to reduce costs while maintaining overall investment performance. Our aim in this paper is to identify best practice in the design of equivalent-sized investment organisations in an attempt to maximise the chances of achieving these twin objectives.

Company: Schroders
Date added: 01-02-2016
Sector: LGPS

>> DOWNLOAD WHITE PAPER

Schroders - Global Market Perspectives Q1 2016

Economic and asset allocation views covering Q1 2016. This includes our 2015 review, three strategy questions for 2016 and a research note on the Federal Reserve's (Fed) rate hike. 

Company: Schroders
Date added: 11-01-2016
Sector: Global Equities

>> DOWNLOAD WHITE PAPER

Sectors

Company