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Thought Leadership Research

On a monthly basis, Whitehelm publishes proprietary research on current macroeconomic or financial market issues, and addresses the potential implications and opportunities for clients as the issues relate to their investment portfolios

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The Importance of Infrastructure in the Transition to Low Carbon - Part Two

The Importance of Infrastructure in the Transition to Low Carbon - Part Two

September 2021

In the first part of this three-part series, we looked at just how worrying the current situation for climate change is, emphasising that a serious, global, and coordinated effort is required urgently to avoid disaster. Infrastructure has a key role to play in this effort as a sector which is both due to be impacted by climate change and a major carbon emitter.

This second part of the series looks at the various costs and risks which the investor needs to carefully examine in order to successfully navigate the infrastructure asset class.

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The Importance of Infrastructure in the Transition to Low Carbon - Part One

The Importance of Infrastructure in the Transition to Low Carbon - Part One

September 2021

From an investment perspective, infrastructure assets have many appealing characteristics. They provide investors with a solid yield and capital returns, underpinned by defensive and stable cash flows, as well as inflation protection and downside protection in negative markets.

This paper is a climate change tryptic and is a must-read for the infrastructure investor. Part One looks at why the climate change situation is so serious, and what role infrastructure can and must play in the transition to a more sustainable future.

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Squeezing The Securities Lending Lemon

Squeezing The Securities Lending Lemon

September 2021

With pressure on future asset class returns increasing following the post pandemic surge in global equities and yield curves pushed ever lower by central banks, the hunt is on to find new sources of return and portfolio efficiency for institutional asset owners that strive to deliver real returns to meet their expected liabilities in future years. One source of additional return for a portfolio is
securities lending, which offers the potential to generate extra revenues from portfolios. In this article we take a closer look at securities lending, and the potential benefits to asset owners by way of the revenues from lending fees.

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