EY
MIXED LEADERSHIPBAROMETER JULI 2022: ANTEIL WEIBLICHER VORSTANDSMITGLIEDER IN DEUTSCHEN BÖRSENNOTIERTEN UNTERNEHMEN
The proportion of women in the boardrooms of Germany's listed companies continued to rise in the first half of the year: As of July 1, the 160 DAX, MDAX, SDAX and TecDAX companies had a total of 101 female board members, five more than six months ago. The number of female top managers has thus roughly doubled within four years. The 101 women are matched by a total of 614 men on the companies' executive boards. The proportion of women is 14.1 percent - half a year ago it was 13.5 percent. Nevertheless, many executive boards of German corporations remain a male-only domain. Currently, 51 percent of the executive boards of listed companies are exclusively male. There are currently at least two female board members in every ninth company. >more

Invesco
2022 MID-YEAR INVESTMENT OUTLOOK
Historic pandemic-era moves by both fiscal and monetary policymakers have reawakened inflation, and Russia’s invasion of Ukraine has exacerbated these inflationary pressures and hindered economic growth through a surge in commodity/energy prices. Markets are contending with all this just as some major central banks are tightening policy. We explore what this all might mean for investors in the second half of 2022 and beyond. >more

KfW Research
DREI VIERTEL DER KMU SEHEN MANGEL AN NACHFOLGERINNEN UND NACHFOLGERN ALS PROBLEM – GEFAHR UNFREIWILLIGER STILLLEGUNGEN
The generational change in SMEs is progressing. By the end of 2025, 16 % of small and medium-sized enterprises (SMEs) are aiming for a succession solution. But the hurdles are high, as a special analysis of the KfW SME Panel shows: Three quarters of all SMEs consider it a problem to find a suitable successor. Just under 40 % of SMEs see agreeing on a purchase price as a major hurdle. Among the approximately 600,000 SMEs aiming for succession by the end of 2025, around 165,000 face involuntary closure or at least a significant delay. The activation and support of potential takeover founders is crucial to the success of business succession in SMEs. >more

UBS
GLOBAL FAMILY OFFICE REPORT 2022
UBS, the world’s leading wealth manager, today announced the launch of the Global Family Office Report 2022, which surveys 221 single family offices around the world. The report is the largest and most comprehensive of its kind, with the family offices surveyed averaging a total net worth of USD 2.2 billion. The report shows that family offices globally are in a new era of strategic asset allocation (“SAA”) as high inflation, central bank liquidity and rising interest rates compel them to review their investment options. They are reducing fixed income allocations and increasing investments in private equity, real estate, and private debt, sacrificing liquidity for returns. >more

KfW Research
KFW-GRÜNDUNGSMONITOR 2022
After the corona bump in 2020, start-up activity in Germany in 2021 has risen pre-crisis level. With 607,000 start-ups 70,000 or 13 % more people started their own business than in 2020. After three years of hardly any change in the number of female entrepreneurs, in 2021 there was an above-average increase.  The Corona pandemic has ruthlessly exposed the weaknesses of traditional business models. Female and male founders have obviously reacted to this: Significantly more start-ups are digital and internet-based, with shares of 31 % (digital) and 41 % (internet-based). >more

BCG
FROM TAILWINDS TO TURBULENCE: GLOBAL ASSET MANAGEMENT 2022
The past few decades presented an outstanding market environment for the asset management industry. Global assets under management (AuM) rose at a generally steady pace between 2001 and 2021, thanks largely to the strength of the world’s equity markets, which were able to rebound even after several severe downturns. And 2021 was even stronger. Global AuM grew at 12% last year, to more than $112 trillion, a growth rate well above the 7% average of the previous 20 years. Net flow rates were also higher than average in 2021, reaching 4.4% of total AuM, or $4.4 trillion, at the beginning of the year. In BCG’s 20th annual report on the global asset management industry, we offer a retrospective analysis of the effects of this strong market—and as the industry enters a more uncertain era, we look ahead to the expected impact of new technologies such as direct indexing, increasing investor demand for alternative products, and a focus on decarbonization. >more

Invesco
THE BIG PICTURE: GLOBAL ASSET ALLOCATION 2022 Q2
Uncertainty is higher than usual due to higher interest rates and the war in Ukraine. We were already expecting a decelerating global economy and we now expect even less growth but higher inflation. We expect the best 12-month returns on equities and are boosting the allocation within our Model Asset Allocation to Overweight. Our favoured regions are the UK and emerging markets. >more

Alix Partners
2022 ALIXPARTNERS DISRUPTION INDEX
When the global pandemic disordered all of our lives, it demanded new approaches to productivity, supply, consumption, and leisure, which dramatically accelerated the adoption curve for many new technologies. At the same time, the tensions caused by the pandemic also revealed a conglomeration of disruptive forces, which had been growing for years. In our third annual study of disruption, we surveyed 3,000 business executives around the globe and found that, surprisingly, despite its universal effects and immense toll in human life and suffering, the biggest challenge for CEOs going into 2022 is not COVID-19. What does concern them are the disruptive technological, societal, and economic challenges that their businesses must confront in the years ahead. >more

Morgan Stanley | Oliver Wyman
CLIMATE, CRYPTO, AND COMPETING IN THIS CYCLE
Wholesale banks face new uncertainties in 2022, but six market shifts will support revenue and returns over the next three years. Banks must take advantage and purposely face two major disruptions on the horizon: Climate Transition and Digital Assets. The franchise hangs in the balance. >more

Lazard
OUTLOOK ON EMERGING MARKETS
Russia’s invasion of Ukraine was a high-risk, dramatic event that continues to reshape the geopolitical map, stoke inflation, and add volatility to emerging markets equities. It’s difficult to overstate how dramatic the invasion was for the Russian market—and commodity prices. In other emerging markets countries, however, the overall decline has been relatively modest. Latin American markets like Brazil have benefited from higher commodity prices; Beyond Latin America, Saudi Arabia and South Africa have also recorded strong performance. >more

Goldman Sachs
HOW MUCH RISK IS PRICED INTO GLOBAL ASSETS NOW?
The invasion of Ukraine and the escalating sanctions on Russia continue to be the dominant driver of markets. Before the start of military action, Goldman Sachs Research estimated how much geopolitical risk premium was priced into a range of global assets and estimated how those assets might move in the case of either a full de-escalation or a version of a scenario where risks flared into outright conflict. >more

BCG | INSEAD
THE BCG-INSEAD BOARD ESG PULSE CHECK
Board members at companies across geographies and industries understand that competitive advantage increasingly demands sustainability. And that is rapidly pushing environmental, social, and governance (ESG) issues higher on board agendas. >more

KfW Research
CORONA-BETROFFENHEIT IM MITTELSTAND NIMMT WIEDER ZU: PERSONALAUSFÄLLE HÄUFEN SICH, ABER FINANZIELLE LAGE INTAKT
The effects of the Omicron wave are becoming visible in the SME sector: In March 2022, the Corona exposure of small and medium-sized enterprises (SMEs) is on the rise again. The recovery comes to a halt (for now). Industrial SMEs and construction companies in particular are currently struggling heavily with the pandemic effects. >more

Deloitte
FOOTBALL MONEY LEAGUE 2022
Welcome to a milestone edition of the Deloitte Football Money League (‘DFML’). Every year, DFML profiles the financial performance of the highest revenue generating clubs in world football. This year’s edition is a landmark publication for more reasons than one, as it marks 25 years of DFML and covers the first season (2020/21) to be impacted by COVID-19 from start to finish. Published less than twelve months after the end of the 2020/21 season, the Money League is the most contemporary and reliable independent analysis of the featured clubs’ relative financial performance. >more

Oliver Wyman
FINANCIAL HOME: WIE VERSICHERER IHRE KUNDENBEZIEHUNGEN VERTIEFEN KÖNNEN
In private money matters, many households are in disarray, with numerous service providers vying in parallel for access and customer loyalty. Many consumers want a so-called "financial home" - a central platform through which they can manage all their personal financial affairs. This is shown by our analysis in collaboration with the InsurTech Hub Munich, one of the twelve "Digital Hubs" in Germany funded by the Federal Ministry of Economics and Climate Protection. >more

Credit Suisse
GLOBAL INVESTMENT RETURNS YEARBOOK 2022
This is an extract of the Yearbook 2022, produced in collaboration with the CSRI by Elroy Dimson, Paul Marsh and Mike Staunton. This year's edition focuses on diversification as a special topic and offers an extended dataset by adding three new markets. The full version is available on CS PLUS for clients of the bank and in hard copy upon request. >more

KfW Research
FRAUENQUOTE IM MITTELSTAND AUF NIEDRIGEM NIVEAU SOGAR RÜCKLÄUFIG: SIND IMPULSE FÜR ZUWACHS AN CHEFINNEN IN WEITER FERNE?
The proportion of women in SMEs fell to 16% last year. A total of 608,000 small and medium-sized enterprises are headed by a woman. Nine out of ten of these companies are in the service sector. At the same time, the management of a medium-sized company is increasingly attractive to female academics. The degree of academization among female owners has increased enormously. The economic importance of women-owned SMEs should not be underestimated, but remains disproportionately low due to the focus on smaller service companies. >more

PGIM
2022 Q1 CAPITAL MARKET ASSUMPTIONS
We expect real economic growth in developed economies to continue to moderate over the next decade, as it has for the last 30 years. This is due to limited growth of the developed labor force, which is constrained by domestic demographics, and to an assumption of no significant offset from improved productivity growth. Inflation in developed markets, in contrast, is anticipated to moderate over the next 10 years, relative to the elevated rates of inflation observed in 2021, though is expected to be somewhat higher than that observed in the period following the Global Financial Crisis of 2008, and prior to the COVID-19 induced recession of 2020. >more

Thinking Ahead Institute
GLOBAL PENSION ASSETS STUDY 2022
The Global Pension Assets Study estimates global pension fund assets across 22 major pension markets (the P22). These geographies now total a record US$56.6 trillion in pension assets and account for 76% of the GDP of these economies. The study, conducted by WTW and the Thinking Ahead Institute since the 1990s, includes an analysis of the seven largest markets (the P7): Australia, Canada, Japan, Netherlands, Switzerland, UK and US comprise 92% of total pension assets, unchanged from the previous year. >more

PwC
2022 EU PRIVATE MARKETS: ESG REBOOT
This evolving landscape has changed the course of the global political agenda, with significant knock-on effects on global financial markets. In this new backdrop, ESG and sustainable finance will become a matter of survival to meet the needs of sustainability-conscious investors, increased regulatory requirements and societal expectations. In this context, ESG investing is evolving into a veritable paradigm shift – particularly within the EU. >more

KPMG
PULSE OF FINTECH H2 2021
2021 has been a remarkable year for the fintech market, with a record number of deals in every major region — including the Americas, EMEA, and Asia-Pacific. Fintech investment was incredibly strong, with both VC and PE investment soaring to record highs. The breadth of fintech solutions attracting investment continued to expand and grow, with surging interest in cryptocurrencies and blockchain, wealthtech, and cybersecurity. >more

Deloitte
WOMEN IN THE BOARDROOM: A GLOBAL PERSPECTIVE
The underrepresentation of women on boards remains a key area of focus for organizations globally, but overall progress remains slow, and for women in leadership positions, even slower. The Deloitte Global Boardroom Program’s Seventh Edition of the Women in the boardroom: A global perspective report includes updates from 72 countries on gender diversity in the boardroom, exploring insights on the political, social, and legislative trends behind these numbers. While these private and public sector efforts demonstrate steps toward achieving parity, the pace of collective progress needs to pick up. >more

PwC
GLOBAL INVESTOR SURVEY: THE ECONOMIC REALITIES OF ESG
The decarbonization of the global economy poses major challenges for companies. At the same time, ESG (Environment, Social, Governance) criteria are becoming increasingly important - not only, but also for investors. Executives are challenged to steer the transformation more in the direction of sustainability and (nevertheless) achieve the returns investors are looking for. Investors, too, must contribute to reconciling sustainability and return requirements. The "PwC Global Investor ESG Survey 2021" reveals this tension. For the study, the auditing and consulting firm PwC surveyed 325 asset managers and analysts from investment companies, investment banks and brokerage firms worldwide in September 2021. >more

Macquarie
POST-PANDEMIC: PIVOTING TO A NEW ERA
Globalisation is slowing, geopolitical tensions are elevated, and policy choices are getting harder. Get a handle on the opportunity set for 2022 and beyond, with views from around the public and private markets, including equity, fixed income and real assets. >more

BlackRock
2022 PRIVATE MARKETS OUTLOOK
As investors navigate an unprecedented market regime, we see private market investments as well suited to the task. We believe Covid-accelerated megatrends will benefit investments of this vintage across asset classes, with robust competition for assets making deal sourcing and selection increasingly important. >more

S&P Dow Jones Indices
FACTOR INDICES: A SIMPLE COMPENDIUM
Factor indices can help the clients of specialist managers disentangle how much of the manager’s performance is attributable simply to factor exposure, and how much is attributable to the manager’s stock selection beyond the factor.  Like their first-generation counterparts, factor indices can be used as both benchmarks and investment vehicles.  In the latter use, we can speak of “indicizing” a factor or set of factors—i.e., delivering in passive form a strategy formerly available only via active management. >more

BNP Paribas
INVESTMENT OUTLOOK 2022
In our 2022 Investment Outlook, we seek to help investors to navigate the rapids as the global economy stabilises during the next phases of the economic recovery. We also consider the possible broader consequences for macroeconomic policy as the world tackles the social and economic challenges laid bare by the pandemic. >more

Bain & Company
DEUTSCHLANDS BANKEN 2021: WIE DIE RENDITEWENDE GELINGT
The seventh Bain analysis on the development of the German banking industry shows that falling costs and stable earnings saved banks from the red in the pandemic year 2020. At 1.1 percent, return on equity was slightly above the previous year's level for the first time in many years. Despite progress in realignment, however, this has remained inadequate at many groups of institutions. >more

EY
MIXED LEADERSHIP-BAROMETER JANUAR 2022
The number of female board members at listed companies in Germany has risen to a new high: Of the total of 700 board members, 94 are female. This means that the number of female board members rose by 20 within a year. The proportion of female board members increased by 2.4 percentage points year-on-year to 13.4 percent - this is also an all-time high in the period under review since 2013. Since January 2017, the proportion of women has doubled from 6.7 percent to 13.4 percent. >more

BlackRock
2022 GLOBAL OUTLOOK: THRIVING IN A NEW MARKET REGIME
We are entering a new market regime unlike any in the past half century: We see another year of positive equity returns coupled with a down year for bonds. But we have dialed back our risk-taking given the wide range of potential outcomes in 2022. >more

FTSE Russell
APPLYING ESG FACTORS TO GOVERNMENT BOND INDICES
As we move towards more sustainable government bond indices, it is important to bear in mind that the higher the tilt strength, the higher the increase in the Sustainability profile score. Applying ESG factors to government bond indices remains a challenge as it requires multiple trade-offs. The search for higher ESG performance can come at the expense of higher Active Share and tracking error. >more

PGIM
2022 OUTLOOK: REAL ESTATE TRENDS SET TO SHAPE THE NEXT 12 MONTHS
As worrying new COVID-19 variants emerge, the pandemic is still far from over, while concerns about higher inflation and rising market interest rates persist. Nevertheless, the backdrop for real estate markets in 2022 is one of transition to a new phase of recovery and expansion. Leading indicators are pointing upward, and even though the gap between the best- and worst-performing parts of the market remains wide, most sectors and regions are set for sustained or improved investment performance in the year ahead. >more

J.P. Morgan
2022 LONG-TERM CAPITAL MARKET ASSUMPTIONS
In the 26th edition of the research, expected returns remain low by historical standards, with a 60/40 portfolio projected to return just 4.3 percent, suggesting that investors need to look beyond traditional asset markets to find higher returns. Additionally, this year's research argues that while real bond yields will continue to lag, mispriced liquidity risk could make real assets serial winners. >more

PREVIOUS STUDIES 2022 | Performance

Coller Capital
GLOBAL PRIVATE EQUITY BAROMETER: WINTER 2022-23
Coller Capital's Barometer is a unique snapshot of global trends in private equity – a twice-yearly overview of the plans and opinions of Limited Partners worldwide. This edition contains findings on how the "denomintator effect" will likely reduce the pace of PE commitments. >more

Bain & Company
DEUTSCHLANDS BANKEN 2022: IM AUGE DES STURMS
The transformation of the 2010s is starting to pay off. Return on equity is rising for the second year in a row. But inflation, the interest rate turnaround, and the economic downturn are causing new turbulence - and demand more than ever for storm-proof business models. >more

Invesco
DIE CHANCEN ALTERNATIVER ANLAGEN: HALBJAHRESUPDATE 2022
Investors continue to face a difficult macroeconomic environment. In addition to stubbornly high inflation, rising interest rates, widening credit spreads and volatile equity markets are causing them trouble. In this environment, alternative investments can offer attractive diversification benefits. >more

PwC
GLOBAL INVESTOR SURVEY 2022: THE ESG EXECUTION GAP
Economic uncertainty, political upheaval, and environmental and social concerns have left a deep mark on today’s business landscape, affecting consumers and companies alike. In PwC’s Global Investor Survey 2022, we sought to get a picture of how those tensions weigh upon today’s decisions and to gain insights into how this might play out. Our survey probed investors closely on the critical issue of sustainability, with an eye to how the current landscape affects their own priorities, decisions and strategies, as well as their views on how companies are responding. >more

Neuberger Berman
ASSET ALLOCATION COMMITTEE OUTLOOK: 4Q 2022
By the time the Committee reconvened in late September, the yield on two-year U.S. Treasuries had been on an epic climb above 4.25% and equities had slumped back to 2022 lows. But if investors appear to have accepted that central banks are serious about fighting inflation, many still seem reluctant to acknowledge that corporate earnings forecasts are likely to be downgraded further, given the tightening financial conditions and economic slowdown. As a result, we anticipate further volatility and downside for global stock markets. >more

Alix Partners
AUFSICHTSRATS-RADAR 2022
For several years, we have been using the AlixPartners Supervisory Board Radar together with supervisory boards to investigate the question of how boards of directors and managing directors should work together with their boards. The AlixPartners Supervisory Board Radar 2022 now looks at the topic from the other side: We surveyed 100 board members and mirrored the results with supervisory boards. The survey shows: In the disruptive market environment, a broader role for the supervisory board as a sparring partner is essential. Previously established processes and supervisory board work developed from the original control function are not sufficient to fully exploit the potential of effective supervisory board work. >more

BNP Paribas
INVESTMENT OUTLOOK 2023 – INVESTING IN AN AGE OF TRANSFORMATION
The global economy seems on an inevitable march towards recession. The causes are well known: central banks aggressively raising policy rates to reduce inflation, an energy shock in Europe, zero-Covid policies (ZCP) and a shaky property market in China. Chief market strategist Daniel Morris explains. Much of Europe is already in recession. We expect one to begin in the US in the third quarter of 2023, and while China’s growth will likely not turn negative, it will be below historic levels. One can easily think of ways in which the situation could yet worsen: a breakdown in a key financial market due to the rapid rise in interest rates, a cold winter and blackouts in Europe, or a flare-up in geopolitical tensions between the US and China. >more

KfW Research
DEUTSCHE UNTERNEHMEN INVESTIEREN RUND 55 MRD. EUR IN DEN KLIMASCHUTZ – NOCH ZU WENIG FÜR DAS ZIEL DER KLIMANEUTRALITÄT
German companies invest around EUR 55 billion in climate protection - still too little to achieve the goal of climate neutrality. Companies in Germany invested around EUR 55 billion in climate protection in 2021. However, more than doubling the annual investment volume is needed to achieve the German goal of climate neutrality in 2045. This is shown by the KfW Climate Barometer 2022, which for the first time surveys climate protection investments for the entire corporate sector in Germany and provides insights into the attitudes and activities of companies around the implementation of the energy transition. The results also show that every second company in Germany has anchored the topic of climate protection at least partially in its corporate strategy. However, concrete greenhouse gas reduction targets and knowledge of their own carbon footprint have so far been the exception among the broad business community. Larger companies are leading the way here. >more

Heidrick & Struggles
2022 PRIVATE EQUITY-BACKED CFO COMPENSATION SURVEY
Welcome to our 2022 Private Equity-Backed Chief Financial Officer Compensation Survey, an analysis of compensation in both North America and Europe for this critical role. Together with our surveys of PE-backed CEOs, and PE investment and operating professionals around the world, these reports help to create a comprehensive picture of the compensation that key executives are currently receiving in a wide range of positions. >more

Deloitte
DIGITAL BANKING MATURITY STUDIE 2022
In the fifth edition of its global digital banking maturity study, Deloitte Digital analyzes the digital maturity of banks. This time, more than 300 banks in over 40 countries were examined. This makes the study the world's most comprehensive survey on the topic of digital banking in the retail business. The results clearly show that competitive pressure in the sector is increasing significantly as a result of digital upgrading. >more

BCG
STANDING STILL IS NOT AN OPTION: GLOBAL WEALTH 2022
The wealth management agenda is getting more crowded—and the items on it more urgent. Net zero, crypto, personalization, and digitization are not merely arenas that leaders can simply consider. They are imperatives whose outcomes will determine which institutions grow client share over the next five years. The most important question facing wealth managers (WMs) right now is not which initiatives to prioritize — but how best to execute on all of them. >more

McKinsey & Company
EUROPE'S FINTECH OPPORTUNITY
Fintech has moved from the fringes of European finance to its core, but performance varies widely. If all countries could match the best in region, the economic benefits would be considerable. The deteriorating macroeconomic environment in both Europe and the world has hit fintechs hard, with valuations declining and access to financing becoming more difficult. Viewed from a long-term perspective, however, European fintechs continue to gain in strength and relevance for customers and the economy. In each of the seven largest European economies, as measured by GDP, at least one fintech ranks among the top five banking institutions. >more

EY
EUROPEAN ESG FINTECH LANDSCAPING
Since 2016, investments in ESG FinTechs have increased strongly and the investment volume has gained further momentum in 2021 and 2022, especially after the European Green Deal 2020. There is a good chance that investments in Europe in the current year 2022 will surpass the record year 2021. In 2022 alone (as of mid-September 2022), more than $641 million has been invested, up from $844 million in 2021, according to a recent EY study on the development of the ESG FinTech landscape in Europe. >more

Thinking Ahead Institute
THE WORLD’S LARGEST ASSET MANAGERS – 2022
The pace of competition, consolidation and rebranding is quickening. Of the top 500 managers, almost half of the names featured on the list a decade ago, in 2012, are now absent. With food and energy prices hitting record highs, inflation and interest rates have become the paramount factors. >more

BCG
GLOBAL RETAIL BANKING 2022: SENSE AND SUSTAINABILITY
Retail banks with their eye on the future should consider two critical questions. Over the next few years, what will your customers want beyond the standard financial products and services? And how can you align your business goals with meeting those needs—before competitors beat you to it? >more

Bain & Company
CAN CONSOLIDATION, FEE GROWTH, AND OTHER MOVES REVERSE EUROPEAN BANKS’ DECLINE?
Many European banks, hobbled by several years of sluggish economic growth and the Covid-19 pandemic, find themselves ill-prepared to handle new economic shocks. Their financial health has been declining over the past few years, in contrast to most North American and UK banks. They desperately need to restore growth and healthier balance sheets through consolidation, new fee income streams, and other measures. These conclusions emerge from Bain & Company’s latest health check of the banking system, covering 636 banks across North America and Europe as of year-end 2021.  >more

Neuberger Berman
EQUITY MARKET OUTLOOK Q4 2022
We put out a cautious Equity Market Outlook three months ago, and after a quarter of worsening economic data and inflation trends we are now even more focused on low beta and high earnings quality. The outlook for the market and the economy that we laid out in our last quarterly note remains unchanged, and yet consensus narrative regarding whether we are in a bull or bear market has been as volatile as the market itself. Contrarians and bullish investors felt vindicated for a while, and offered base-case scenarios vastly at odds with our own: Inflation has peaked and is declining; that reduces the need for the U.S. Federal Reserve (Fed) to continue tightening; therefore the U.S. should avoid a recession; and therefore June marked the cycle trough in the S&P 500 Index, which could reach a new all-time high by year-end. >more

PwC
AUTOMOTIVE SECTOR WORKING CAPITAL REPORT 2022
The automotive industry has faced several major challenges in recent years: Lockdowns as a result of new corona waves, disrupted supply chains, sharp fluctuations in demand, and a shortage of key materials and components - cue the chip crisis - all took their toll on the industry. Despite these adverse conditions, companies managed to increase sales by nine percent between 2017 and 2021 and reduce capital lockup by one day. However, there are clear differences between manufacturers and suppliers: while original equipment manufacturers (OEMs for short) have been able to push the capital commitment period from 19 to 14 days since 2017, this key figure has risen to 56 days for suppliers over the past five years (up six days). These are the findings of a PwC analysis of 572 companies from the automotive industry worldwide, including 37 OEMs and 535 suppliers. >more

FTSE Russell
DECARBONIZATION IN EQUITY BENCHMARKS: SMOKE STILL RISING
Faced with growing climate risk, investors are increasingly focused on tracking and reducing their portfolio’s carbon emissions exposure in global equities. There are practical and methodological challenges in tracking these reduction targets, and a consensus has yet to develop around the best metrics and measures to assess portfolio carbon exposure. All measures proposed have their own unique strengths and weaknesses, which drive volatility in results and can confound portfolio-level trends, strengthening the case for utilizing multiple metrics. >more

Thinking Ahead Institute
THE WORLD’S LARGEST PENSION FUNDS – 2022
The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute, in conjunction with Pensions and Investments. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed. >more

PwC
PWC-STUDIE 2022: PREISENTWICKLUNG IN DER BAUBRANCHE
Inflation in Germany is at its highest level in 50 years. The price increases are also clearly felt in the construction and real estate sector: For two years now, prices for construction products and services have been pointing steeply upwards as a result of the Corona pandemic and the resulting stuttering supply chains. The Ukraine war will cause this price spiral to turn even faster. >more

Mazars
FINANCIAL REPORTING OF EUROPEAN BANKS: WHAT ARE THE LESSONS LEARNT FROM THE COVID-19 IMPACT ON EXPECTED CREDIT LOSSES?
We have analysed the 2021 annual reports of 26 banks in 11 European countries to better understand the impact of Covid-19 on their expected credit losses and how it can help banks prepare as they face new challenges as a result of the war in Ukraine. This study is the fourth in its series and follows on our third edition of the report released in September 2021. >more

Kroll
CYBER RISK AND CFOS: OVER-CONFIDENCE IS COSTLY
Our CFO cybersecurity survey has shown that Chief Financial Officers are highly confident in their companies’ abilities to ward off cyber security incidents, despite being somewhat unaware of the cyber vulnerabilities their business faces. Almost 87% of the surveyed executives expressed this confidence, yet 61% of them had suffered at least three significant cyber incidents in the previous 18 months. >more

Diligent Institute
BOARD DIVERSITY GAPS: THE GLOBAL MODERN LEADERSHIP REPORT 2022
Boardroom diversity has been a hot topic of conversation globally for several years, but are words leading to action and progress? Inaugural research from Diligent Institute and 22 partner organizations reveals massive gaps in how diversity is defined and represented across corporate boards globally. >more
 

Neuberger Berman
ASSET ALLOCATION COMMITTEE OUTLOOK 3Q22
Last quarter, the Asset Allocation Committee (“the AAC” or “the Committee”) adopted an underweight view on global equities and leaned more heavily into cash, commodities and other alternative, diversifying assets. This reflected our anticipation of stickier inflation, tightening financial conditions and heightened volatility—and indeed the second quarter was characterized by hawkish central banks, rapidly rising rates and tumbling equity markets. We expect these volatile conditions to persist as the increasingly difficult inflation outlook raises the probability of recession. Whether or not the U.S. economy falls into a recession, as technically defined, we believe equity investors are going to feel like they’re in one, as the valuation adjustment of the first half of 2022 is followed by downward revisions to earnings forecasts in the second half. >more

J.P. Morgan
2022 BUSINESS LEADERS OUTLOOK GERMANY
Among German business leaders, labour challenges, business costs and supply chain woes are top of mind heading into the second half of 2022. Executives at midsize businesses across Germany believe the continued war in Ukraine will impact the region, energy prices and supply chains. In its second year, the J.P. Morgan Business Leaders Outlook: Germany survey of companies with revenues between €20 million and €2 billion found that German business leaders continue to remain resilient.  Our initial survey fielded responses in March 2022, right as Russia’s invasion of Ukraine began. Because the situation has since intensified and continues to create regional and global ramifications, we conducted a follow-up survey in May 2022 to gauge how business owners’ views had changed. >more

KKR
THE CREDIT SUN ALSO RISES
It would be an understatement to say that the second quarter’s volatility left global investors on the edge of their seats. Rising rates continued to rock the equity and credit cages as the risk-off sentiment persisted, driving spreads and yields wider and stunting the primary markets. We continue to live in an ever-evolving market and dare we say, one that feels a bit aimless. >more

Heidrick & Struggles
2022 PRIVATE EQUITY-BACKED CFO COMPENSATION SURVEY
For this report, Heidrick & Struggles compiled compensation data from a survey fielded in March and April of this year of 265 senior financial officers, mostly in North America and Europe. While most carried the title of chief financial officer, the survey group also included top or lead financial executives with other titles. >more

Capital Group
ESG GLOBAL STUDY 2022
Many investors are contemplating how to integrate environmental, social and governance (ESG) issues into their investment decisions. In this, our second ESG annual study, we surveyed more than 1,100 global professionals, including advisors, consultants and intermediaries. The result is a comprehensive report providing in-depth ESG insights, thoughts on ESG trends and views regarding ESG regulation. >more

Deloitte
ANNUAL REVIEW OF FOOTBALL FINANCE 2022
For the 31st time, Deloitte presents the English edition of the "Annual Review of Football Finance" with the most important financial figures of international professional soccer in the 2020/2021 financial year. The latest study highlights the significant economic impact of COVID-19 on the European soccer industry in the 2020/21 season, which was negatively affected mainly by the absence of fans in European stadiums and the resulting lack of ticket revenue. >more

Vanguard
FRAMEWORK FOR CONSTRUCTING GLOBALLY DIVERSIFIED PORTFOLIOS
When building a portfolio to meet a specific objective, it is critical to select a combination of assets that offers the best chance for meeting that objective, subject to the investor’s constraints. A sound investment strategy starts with an asset allocation that is built upon reasonable expectations for risk and returns and uses diversified investments to avoid exposure to unnecessary risks. This paper reviews the decisions individual investors face when constructing a globally diversified portfolio. We discuss the importance of broad asset allocation and diversification within sub-asset classes before homing in on specific funds. When building portfolios, broadly diversified, market-capitalization-weighted global index funds are a valuable starting point for many investors. They can be delivered inexpensively and provide exposure to the broad market while offering diversification and transparency. >more

Deloitte
EUROPEAN BANKING TREND RADAR EDITION 2: TRENDS IN ESG, REGULATORY & POLITICAL, AND ECONOMICS & FINANCIAL MARKETS PERSPECTIVES
The banking landscape is facing a massive shift. Trends relating to ESG, regulatory & political and economics & financial perspectives are merging to cause a seismic shakeup for the industry in the coming years. This report, the second in a series of three, focuses on emerging trends in the European banking sector, following our structured process to analyze trends. Whereas the first concentrated on client trends, this report highlights trends in the three dimensions “environmental, social and corporate governance (ESG)”, “regulatory and political”, and “economics and financial markets”. >more

World Economic Forum
THE GLOBAL COVID-19 FINTECH MARKET IMPACT AND INDUSTRY RESILIENCE STUDY
As one of the largest empirical research undertakings on the effect of COVID-19 on the global fintech industry, the Global COVID-19 Fintech Market Impact and Industry Resilience Study draws upon panel data from 1,448 fintech firms from 192 countries. This study provides key insights into the medium- to long-term impact of the pandemic on the fintech industry, with special attention to fintech market performance, financial and operational performance indicators, reinforced demands for greater financial inclusion, and how government can support the quickly evolving fintech industry. >more

Deloitte
EUROPEAN BANKING TREND RADAR EDITION 1: THE CLIENT PERSPECTIVE
Changing customer needs are one of the key drivers for change in banking. Banks increasingly face new client behaviors and expectations, shaped by factors such as changing social values and expectations. Furthermore, higher affinity with digital and technological aspects shapes consumer preferences for everyday banking activities. New standards are emerging for financial services companies since customer centricity is a major competitive differentiator. Banks should therefore ensure that they provide the best seamless experience to their customers. >more

BlackRock
2022 MIDYEAR OUTLOOK
The Great Moderation, from mid-1980s until 2019 before the Covid-19 pandemic struck, was a remarkable period of stability of both growth and inflation. We were in a demand-driven economy with steadily growing supply. Borrowing binges drove overheating, while collapsing spending drove recessions. Central banks could mitigate both by either raising or cutting rates. That period has ended, in our view. >more

Morgan Stanley | Oliver Wyman
GLOBAL WEALTH & ASSET MANAGEMENT, 2022 EDITION: TIME TO EVOLVE
Our Wealth and Asset Management Report "Time to Evolve" published this year in cooperation with Morgan Stanley concludes that the wealth management industry is on the cusp of the next stage of evolution, "Wealth Management 3.0". In order to tap into the substantial revenue streams across broader wealth and client segments, wealth managers are being asked to diversify and further modularize their service and operating models. They also need to take full advantage of technological benefits in order to tangibly reduce their service costs. This is the only way to solve the fundamental growth and profitability problems of the industry. >more

State Street Corporation
THE EFFECTS OF ESG ON THE GLOBAL EQUITIES LENDING MARKET
Our recent study examines the effect of ESG on the global equities lending market. By combining equities lending, ESG, and proxy vote data, we quantify the impact ESG has had on lending supply, short-selling demand, and institutional investor engagement. Our findings suggest that ESG considerations are deeply embedded in the securities lending market and are growing in importance. Importantly, the analysis identifies ways in which institutional investors can balance the revenue earned through securities lending with the pursuit of their ESG objectives. >more

PGIM
STOCK-BOND CORRELATION: A GLOBAL PERSPECTIVE
The correlation between stock and bond returns has been reliably and persistently negative for the last two decades across Developed Markets (DM) – matching the US experience. During this regime, stocks and bonds have hedged one another, dampening overall portfolio risk for a given level of equity allocation. Building on earlier work, we now look at stock-bond correlation from a global perspective. We explore DM stock bond correlations, their relationship to each other, and their common macroeconomic drivers, if any. >more

EY
TRENDBAROMETERS IMMOBILIENANLAGEN DER ASSEKURANZ
At 12.1 percent, the real estate ratio of German insurers reached a new high and grew by a further 0.6 percent compared with the previous year. However, insurance companies are somewhat more hesitant in the current environment. It is true that half of the insurance companies would like to further increase their real estate quota. In the previous year, however, two thirds had indicated this. Five percent even want to reduce their real estate ratio at present. The 13-year trend of rising real estate ratios among insurance companies thus appears to be weakening. >more