ABOUT US CAREERS MEDIA CENTRE CONTACT THE BRAIN Hymans Robertson PENSIONS FINANCIAL SERVICES DIGITAL & INNOVATION INSIGHTS TEAM SEARCH Publication OUR QUARTERLY PENSIONS AND INVESTMENTS MARKET UPDATE Investment Perspectives - Autumn 2021 22 NOV 2021 by David Walker Chief Investment Officer Contributing Authors Chris Arcari Senior Investment Research Consultant Oriana Mezini Investment Research Consultant Kameel Kapitan Investment Consultant Asad Rashid Research Investment Consultant Simon Jones Head of Responsible Investment Peter Challis Investment Research Associate Consultant Subject: CLIMATE CHANGE, COVID-19, DEFINED BENEFIT PENSIONS, INVESTMENTS & CAPITAL MARKETS, PUBLIC SECTOR PENSIONS Audiences: EMPLOYERS, PUBLIC SECTOR, TRUSTEES Welcome to our 2021 Autumn edition of Investment Perspectives. It’s hard to believe it has been nearly a year since the announcement of an effective vaccine gave rise to hopes that the end of the COVID-19 pandemic was potentially in sight. We noted last year the growing disconnect between a haggard global economy and exuberant markets, most notably in equity markets. Global output and corporate earnings have staged a rapid recovery since the depths of the crisis in 2020 as economies have re-opened and some semblance of normality has returned. In turn, market fundamentals are taking on the baton from extraordinary fiscal and monetary policy and have, at least to some extent, closed the gap between macroeconomic data and corporate health figures and demanding asset class valuations. This is a welcome change following a year spent evaluating the initial impact of the virus, infection rates and the longer-term drag this may place on global growth. Even the potential stumbling blocks have become more traditional, with inflation and geopolitical risks rising up the risk leaderboard. In our latest edition of Investment Perspectives, Chris Arcari explores this and more in his capital markets update, and explains how the recovery has impacted valuations across the different asset classes. In addition: Oriana Mezini explores the longer-term headwinds for the value-factor, discussing two considerations: the growing importance of intangibles and sustainable investing; On the topic of sustainability, Kameel Kapitan and Asad Rashid discuss the concept of net zero and how and why it matters for your investment strategy; and Simon Jones and Peter Challis discuss and analyse the responses of nine global equity managers to a case study on engagement with an investee company around allegations of child labour in the cocoa supply chain. DOWNLOAD THE FULL PUBLICATION HERE Subscribe to our news and insights Enter email address SIGN UP Related content Myth 4: I’ve done a buy-in so I know what I’m doing BLOGS 25 Nov 2021 Corporate pensions hot topics – H1 2022 PUBLICATIONS 24 Nov 2021 What's going to impact your year end pensions accounting process? WEBINARS 06 Dec 2021 COP26: A summary BLOGS 17 Nov 2021 0 comments on this post COMMENT Share this via Twitter Share this via Linkedin Share this via Email Close related articles Myth 4: I’ve done a buy-in so I know what I’m doing BLOGS Corporate pensions hot topics – H1 2022 PUBLICATIONS What's going to impact your year end pensions accounting process? WEBINARS COP26: A summary BLOGS Subscribe to our news and insights Enter email address SIGN UP ABOUT ABOUT US CAREERS CSR AWARD-WINNING ADVICE ABELICA GLOBAL DIVERSITY & INCLUSION LEGAL ACCESSIBILITY MODERN SLAVERY ACT TRANSPARENCY STATEMENT TRUST CENTRE PRIVACY NOTICE TERMS OF USE RESOURCES BREXIT CONFLICTS OF INTEREST CORONAVIRUS (COVID-19) RESPONSIBLE INVESTMENT GENDER PAY GAP SITEMAP CONTACT OUR OFFICES GET IN TOUCH VISIT US ON LINKEDIN VISIT US ON TWITTER VISIT US ON INSTAGRAM VISIT US ON VIMEO VISIT US ON SPREAKER Hymans Robertson Copyright © 2021 Hymans Robertson LLP. All rights reserved.