L&G Talks Asset Management

Where next for investors in light of the Indian election result? Are Chinese bond yields seemingly low relative to their Western counterparts, or should they be even lower given China’s underlying structural problems? And will the upcoming US payrolls add to the narrative of a cooling US economy? Ben Bennett, Head of Investment Strategy, Asia explains all. This podcast is hosted by Frances Watson, Senior Content Manager and was recorded before the European Central Bank decision. All data is sourced from Eikon as at 04 June 2024 unless otherwise stated. For professional investors only. Capital at risk.

Saturday 8 June is World Ocean Day, which this year has the theme of catalysing action for our ocean and climate. It’s a timely reminder of the vital importance of water, and the increasing gap between supply and demand. But what’s the economic cost of water scarcity, and how might technology help provide some solutions? Discussing these ideas are: ·       Alex Burr, our ESG Policy Lead within our Investment Stewardship team ·       Ellie Piscopiello, Senior ETF Analyst ·       Shichen Zhao, ETF Thematic Research Analyst This podcast is hosted by Harry Brooks, European Content Manager. For professional investors only. Capital at risk. Sources: -            CDP estimate of the financial impact of water risks: Huge financial opportunity revealed from tackling global water crisis - CDP  -            Water consumption of ChatGPT: Study from researchers at the University of Colorado Riverside and the University of Texas Arlington in the US -            Economic impact of lack of access to clean water: The World Bank: Water overview, 2024  -            Water demand to outstrip supply by 40% by 2030: The Guardian: Global fresh water demand will outstrip supply by 40% by 2030, say experts, 2023  -            Water tech growth estimate: GWI, Straits Research, Transparency Market Research, Precision Business Insights, Data Intelligence, 2023 -            UK water company spending estimates: https://www.water.org.uk/news-views-publications/news/water-companies-propose-largest-ever-investment -            Digital water solutions and services market growth estimate: Global Digital Water Solutions and Services Market Research Report Feb 2023  -            European Investment Bank water infrastructure project spending: European Investment Bank: Maximising scarce resources: EIB updates its water sector policy, 2023  -            US Bipartisan Infrastructure Law spending on clean water initiatives: https://www.epa.gov/infrastructure

Are tighter lending conditions finally impacting the US consumer? What’s behind the apparent divergence in equity and credit markets? And why is the price of the red metal on the rise? Ben Bennett, Investment Strategist APAC explains all. Ben also touches on UK inflation and Chinese bonds.This podcast is hosted by Frances Watson, Senior Content Manager and was recorded before the release of Nvidia’s Q1 earnings.All data is sourced from Eikon as at 21 May 2024, unless otherwise stated.For professional investors only. Capital at risk.

In a follow-up to our February podcast that introduced commodities as an asset class, we return to the subject. This time around, we explore the intersection of geopolitics and commodities, how the transition to clean power is changing demand patterns, and the outlook for some specific commodities – including the yellow metal. Our speakers are Elisa Piscopiello, Senior ETF Analyst, and Francisco Blanch, who is Managing Director, Head of Global Commodities and Derivatives Research at Bank of America. This podcast is hosted by Harry Brooks, Content Manager. Figures on the declining cost of renewable power are from BloombergNEF as at June 2023. For professional investors only. Capital at risk.

With DB schemes maturing rapidly amid higher funding levels, talk of endgame strategies is all around.Yet what specifically are we referring to when we talk about a scheme’s endgame? And what are the different endgame options available to schemes? Lastly, how can investment portfolios be managed to help schemes build a bridge to their chosen endgame destination?Lisa Purdy, Head of DB Solutions Distribution, and Ian Blake, Senior Solutions Strategy Manager, explain all.For professional investors only. Capital at risk

With strong US growth and sticky inflation, why is Jay Powell still in patient mode on the interest rate front? What’s behind the near 20% rally in the Hang Seng index since the start of the year? And why the fall in the price of Brent crude oil? Ben Bennett, Investment Strategist APAC explains all.This podcast is hosted by Frances Watson, Senior Content Manager.All data is sourced from Eikon, as at 01 May 2024, unless otherwise stated.For professional investors only. Capital at risk.

To coincide with the launch of LGIM’s 13th annual Active Ownership report, we discuss the depth and breadth of our work in 2023 on the issues of nature, biodiversity and artificial intelligence, while also discussing what’s front of mind for 2024.The panellists are:Michael Marks, Head of Investment Stewardship and Responsible Investment IntegrationMadeleine King, Head of Research and Engagement for InvestmentsShuen Chan, Head of Responsible Investment & Sustainability, LGIM Real Assets This podcast is hosted by Harry Brooks, Content Manager.Apart from those listed below, all numbers quoted in this podcast are from LGIM’s Active Ownership report, 2023. The figure relating to our assets under management in UK real estate equities is from internal LGIM data as at 31 March 2023. Figures cited in relation to the Ecuador debt-for-nature swap are cited in the Reuters article ‘Ecuador seals record debt-for-nature swap with Galapagos bond’, published May 2023. For professional investors only. Capital at risk.

Advances in technology, population change, decarbonisation and geopolitical pressures are both catalysing new industries and rendering some assets obsolete. To make sense of these rapid changes, the LGIM Real Assets Research Team has defined four megatrends they expect to drive private investment performance and capital allocations for the remainder of the decade and beyond. In this broad-ranging discussion, Global Head of Investment Strategy and Research for LGIM Real Assets Rob Martin and Research Manager Matt Soffair introduce these investment themes, identify the sectors they think are in most alignment with them, and break down the structural factors they believe will drive returns for years to come. For professional investors only. Capital at risk. For illustrative purposes only. Reference to a particular security is on a historic basis and does not mean that the security is currently held or will be held within an LGIM portfolio. The information in this podcast does not constitute a recommendation to buy or sell any security. All data is sourced from Bloomberg as at 15 April 2024 unless otherwise stated.

How do investors price in geopolitical tensions? And with fewer than two US interest rate cuts now priced into markets, is there any stopping the rise of the US dollar? Against the prevailing market backdrop, what is our take on equities, credit and sovereign bonds? Ben Bennett, Investment Strategist APAC, explains all.This episode was recorded on 17 April 2024.All data sourced from Eikon, Bloomberg as at 16 April 2024.For professional investors only. Capital at risk. 

In our first official CIO call of 2024, we weigh how the macro, political and geopolitical outlook might affect the already-impressive rally notched up by many risk assets thus far this year. During the episode, Sonja Laud, LGIM’s Chief Investment Officer, is joined by Emiel van den Heiligenberg, Head of Asset Allocation, and Tim Drayson, Head of Economics. The panel also discuss:   The narrow “Goldilocks” scenario that markets are currently pricing How the US Federal Reserve might respond to its inflation setback Our positioning across multi-asset portfolios Why we favour a selective approach to emerging market assets The importance of humility in forecasting In addition, the panel offer their usual recommendations for extracurricular reading and viewing material. This podcast was recorded on 11 April and was moderated by Max Julius, Head of Content. For professional investors only. Capital at risk.