Insights | Ostrum Asset Management

Reading time : 5 min.

INSIGHTS MARKETS

In the context of the eurozone equity market, total return is defined as the sum of contributions to earnings per share growth, plus changes in share price compared to earnings (P/E) and dividend growth. Average annual dividend yield is observably higher than share price yield over the past 20 years, while recording lower volatility than earnings per share. During years when the economic climate is undynamic, expanding financial multiples are the main contributor towards capital gains. Conversely, in a situation of broadly distributed growth, EPS growth becomes the leading contributing factor to capital gains. The performance gap between the eurozone and the US is chiefly attributable to share buyback programmes. Share buybacks are prioritised over dividend payments as shareholder pay-out in the US, due to their more advantageous tax treatment. Dynamic allocation to a variety of performance factors provides better control over total return dispersion in the context of active investment management in the equity market.

10/13/2021

Reserved for pros

Reading time : 5 min.

INSIGHTS CSR / ESG

Points of view – COP 26: How can the global warming mitigation target be achieved?

10/13/2021

Reserved for pros

Reading time : 5 min.

INSIGHTS CSR / ESG

Investors have a crucial role in shaping corporate responsibility strategies

Investors have a crucial role to play in developing responsible investment, as according to Natixis Investment Managers’ 2021 Investor Insights Report, 70% of investors worldwide want to make a positive impact with their investments. Engagement with corporates on these themes – across both equity and bond investments – is a major driver for responsible practices, but just how can we successfully develop engagement and galvanize this virtuous trend? Find out more from Nathalie Pistre, Head of Research and SRI at Ostrum Asset Management, and Laure Delahousse, Deputy CEO of the French Asset Management Association (Association Française de la Gestion Financière) in our latest episode of the Green Momentum series.

10/07/2021

Reading time : 2 min.

INSIGHTS CSR / ESG

Ostrum AM presses on with its fight against climate change

Ostrum AM signs the latest Global Investor Statement to Governments on the Climate Crisis.

09/17/2021

Reading time : 5 min.

INSIGHTS MARKETS

Ostrum Perspectives September 2021

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.

09/09/2021

Reserved for pros

Reading time : 5 min.

INSIGHTS MARKETS

Points of view : Inflation risks: What impact for investors?

07/26/2021

Reserved for pros

Reading time : 15 min.

INSIGHTS EXPERTISES

Sustainable Bonds – Market Comment

Understanding the Booming Market for Sustainable Bonds The sustainable bond market has experienced strong growth in 2020, with the rise of new instruments. Ostrum AM reviews the major themes impacting the sustainable bond market today: an analysis of the market and the outlook, the impact of regulation, the risks of greenwashing and the concept of just transition.

07/13/2021

Reserved for pros