A growing number of asset managers is reassessing bond values tied to real assets, as a spike in the frequency of flash floods, fires and storms hits conventional pricing models. Mitch Reznick, head of sustainable fixed income at Federated Hermes, says climate risk is a key reason why the investment...
Elections are shining a spotlight on struggling emerging markets, with the prospect of fresh leadership unlocking opportunities in the asset class. While Argentines surprised again at polls on Sunday to pick their next president, the result came just a week after voters in Ecuador and Poland backed new, pro-business leaders. Egypt, India and Mexico are all gearing up...
Philips office building in Warsaw, Poland on July 29, 2021.Nurphoto | Nurphoto | Getty ImagesDutch health technology company Philips on Monday raised its full-year outlook as it beat analysts' expectations for third-quarter core profit and comparable sales.Core profit more than doubled to 457 million euros ($483.3 million), while comparable...