Insights | Ostrum Asset Management

Reading time : 30 min.

INSIGHTS MARKETS

Outlook for 2024 – Multiple risks… just as many opportunities

Coming on the heels of 2023, a year that turned out favourable for the financial markets despite a disruptive international environment, 2024 promises to usher in a new era, according to the experts at Ostrum Asset Management (Ostrum AM), an affiliate of Natixis Investment Managers. Investors will thus have to adapt to a new market configuration, one where the lenders have the power, with interest rates set to remain above 2% for a prolonged period. 2024 is shaping up to be a year filled with investment opportunities, served by active management of risks that should in principle be contained but are nevertheless on the rise: duration risks, credit risks and volatility risks, not to mention risks associated with climate change.

12/04/2023

Reserved for pros

Reading time : 15 min.

INSIGHTS EXPERTISES

How can financial risks on insurance company balance sheets be managed amid macroeconomic shocks?

Like many institutionals, insurers are exposed to multiple risk components, but the main component is interest rate risk. Interest rate risk stems from liabilities and it is necessary to have exposure in order to hedge this same risk carried under balance sheet liabilities. Fixed income instruments are thus a significant portion of the balance sheet and make the main contribution towards earnings on liabilities. This is a key factor of financial output for the euro-denominated fund.

11/29/2023

Reserved for pros

INSIGHTS CSR / ESG

3 minutes with… Nathalie Pistre

Nathalie Pistre is Head of Research & SRI at Ostrum, an affiliate of Natixis Investment Managers. She’s been with the Natixis group since 2002. She was responsible for Ostrum's quantitative research and coordinated the integration of ESG into Ostrum's management processes before taking over as head of research and SRI in 2020.

11/21/2023

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

Ostrum Perspectives November 2023

Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum’s views on the economy, strategy and markets.

11/21/2023

Reserved for pros

Reading time : 15 min.

INSIGHTS EXPERTISES

Diversification in bond investing: the fund manager’s dilemma

Diversification and bond portfolio management often go hand in hand. There are two reasons for this: firstly, because the multitude and variety of asset classes underlying the bond market means there is a wide gap between the asset considered to be the safest in the world (Treasury notes) and the debt of financially fragile companies (high-yield bonds). Secondly, because at the “lower” level, i.e. within the indices, these asset classes contain hundreds of different securities.

10/31/2023

Reserved for pros

Reading time : 5 min.

INSIGHTS CSR / ESG

3 minutes with… Nathalie Beauvir-Rodes

Nathalie Beauvir-Rodes is Head of Sustainable Bond Research and Analysis at Ostrum AM, an affiliate of Natixis Investment Managers. Having moved into the role in 2020, she sees it as a continuation of a career that has been shaped and motivated by investing in sustainable bonds.

10/31/2023

Reserved for pros

Reading time : 5 min.

INSIGHTS CSR / ESG

MySustainableCorner – November 2023

Every month, find out all about the sustainable market bonds news in our newsletter « MySustainableCorner ».

10/18/2023

Reserved for pros

Reading time : 5 min.

INSIGHTS CSR / ESG

MySustainableCorner – October 2023

Every month, find out all about the sustainable market bonds news in our newsletter « MySustainableCorner ».

10/18/2023

Reserved for pros

Reading time : 15 min.

INSIGHTS MARKETS

Ostrum Perspectives October 2023

Each month we share the conclusions from the monthly strategy investment committee which provides a summary of Ostrum’s views on the economy, strategy and markets.

10/17/2023

Reserved for pros

Reading time : 5 min.

INSIGHTS EXPERTISES

SRI Crossover 2026 Strategy

The credit market has recovered in 2023. Companies are showing their resilience, yields are at their highest for 10 years. For those wanting to take advantage of this interesting opportunity, Emilie Huot, Credit Portfolio Manager at Ostrum AM presents our new SRI Crossover 2026 hold-to-maturity credit strategy !

10/13/2023

Reading time : 15 min.

INSIGHTS EXPERTISES

Points of view – 1 question, 3 experts : Hold-to-maturity strategy : still the right time to invest ?

10/11/2023

Reserved for pros

Reading time : 5 min.

INSIGHTS MARKETS

One market hiding another

An unprecedented situation in global equity markets The rise in global equity markets observed in 2023, through until the summer, was chiefly attributable to expanding valuation multiples in the most speculative sectors. The resulting historic peak in sector concentration is comparable to the periods preceding the bursting of the technologies-media-telecoms (TMT) bubble and the 2008 financial crisis. Consequently, the gap in growth outlook, between the most volatile and the least volatile sectors, is four times higher than the historic average. In the context of an economic slowdown, this historically wide valuation and implied growth spreads, in favour of one single sub-segment of the market, offers some genuine relative alternatives. For investors, opportunities may arise with defensive sectors and value stocks narrowing the gap moving forward.

10/09/2023

Reserved for pros