November 2021 Top Papers

November 2021 Top Papers

Top Investment Content from November 2021

The Savvy Investor Content Team presents some of the top institutional investment content uploaded during November 2021. We'd love to know what you think about our selection, so drop us a line at [email protected].

The following list includes two recently released Special Reports, an update on capital market assumptions across major global asset classes, and insight into economic theory. Also, don't miss NYU Professor Aswath Damodaran's blog entry on Tesla's recent trillion-dollar valuation.

Megatrends: Technological Disruption (Special Report, 2021)

An impending wave of technology-driven disruption is set to radically transform the services industry, led by both new entrants into this industry and technology-forward incumbents.

Sustainable Asia: The continuing evolution (Special Report, 2021)

This Special Report outlines key developments and trends within Asia’s sustainable fixed-income markets.

Capital Market Assumptions: Q4 2021 (PGIM Quantitative Solutions)

In their Q4 Capital Market Assumptions report, PGIM Quantitative Solutions provides forecasts for all major asset classes, including a revision to their 10-year annualised expected return for global equities from 5.8% to 6.6%.

The Technology Metamorphosis: How we grow from here (Jennison Associates, 2021)

Jennison Associates describes three growth themes deriving from competitively positioned technology companies.

Puzzles of Inflation, Money, and Debt: Applying the FTPL (CFA Institute, 2021)

The aim of this paper is to explain the fiscal theory of the price level (FTPL), and how it addresses some of the failures of new Keynesian theory and neoclassical monetarism.

Africa 2021: A continent of opportunity (Invesco)

For compliance reasons, this paper is only accessible in certain geographies

Invesco discusses the appeal of investing in Africa by examining each of the 54 African countries in detail within this 69 page report.

Tesla's Trillion Dollar Moment: A valuation revisit! (Aswath Damodaran, 2021)

Professor Aswath Damodaran of NYU dissects the valuation of Tesla on the heels of its market cap crossing the trillion dollar threshold.

Mostly a Demand Shock, Not a Supply Shock (Bridgewater Associates, 2021)

Persistent macro-related demand causes for inflation are outlined, with a suggestion that inflation focus has been too heavy on the micro elements of the supply shock when assessing the future path for inflation and monetary policy.

Rise and Rise of the Global Balance Sheet (McKinsey & Company, 2021)

The authors examine the ripple effects of the ballooning global balance sheet. Gains in real estate values and equities have driven aggregate net worth to triple over the past 20 years.

ABOUT THE AUTHOR

Andrew Perrins is a former Actuary and Asset Allocator. After qualifying as an Actuary, he worked for 15 years in investment management, serving as Director of Asset Allocation for Abbey Life and for Chase Manhattan, before setting out on a more entrepreneurial path.

To contact him,?email?[email protected]

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