2022 Global Risk Report: Tail Risks
Which tail risks do institutional investors worry about the most? To find out, PGIM canvassed 400 decision-makers whose firms have a combined $12+ trillion AUM.
2022 EMEA INVESTOR FORUM
PGIM’s flagship institutional event for EMEA features PGIM thought leaders, industry and policy experts, and senior investors from our most strategic clients.
PGIM held its second annual EMEA Investor Forum in London (and virtually) on November 8, 2022. During the course of the day we discussed a host of investment themes and ideas that are top-of-mind for CIOs and senior investment professionals, and enjoyed keynotes from Helle Thorning-Schmidt, the former Prime Minister of Denmark, and Brian Cox, a world-renowned physicist.
Macroeconomic Outlook
War in Europe. A massive selloff in bonds. A plunge in tech stocks. The implosion of cryptocurrencies. A slumping housing market. The highest (and persistent) inflation in four decades leading to a cost-of-living crisis. Amidst an acutely uncertain climate, what is the likely path ahead and the risks investors should be mindful of?
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Macroeconomic Outlook
War in Europe. A massive selloff in bonds. A plunge in tech stocks. The implosion of cryptocurrencies. A slumping housing market. The highest (and persistent) inflation in four decades leading to a cost-of-living crisis. Amidst an acutely uncertain climate, what is the likely path ahead and the risks investors should be mindful of?
ESG at a Crossroads: Greenwashing, Greenflation, and the Transition to Net Zero
Investors have poured trillions of dollars into ESG funds amid a wave of demand driven by calls to transition from fossil fuels to alternative energy sources. Yet confusion remains around what it means for investors to be “green.” With the transition to a net-zero economy expected to take decades, oil and gas will continue to have a role to play. In this session, we discuss the investment implications of the energy transition and European regulations, the financial sector’s role in decarbonization, and how investors can separate fact from fiction in the ESG space and avoid greenwashing in their portfolio.
PGIM Megatrends: The New Dynamics of Private Markets
The scale, growth and complexity of private capital is unprecedented, and along with its dramatic transformations, private capital markets are opening new opportunities – as well as new risks – for investors.
The Technological Transformation in Real Estate
New technology is changing how we work and live which is, in turn, transforming how real estate is developed, used and repurposed. Given the unprecedented pace of technological change, the increasing disruption will reshape every industry. In this session, we explore the new technological disruptions and how PGIM Real Estate is connecting proprietary data, market insights and research with new technological innovations.
Opportunities in the Unknown: Protecting Against Tail Risks
With surging inflation, rising interest rates and war in Europe, global investors are facing an uncertain macro, geopolitical and market outlook. But some risks to financial markets and their stability may yet be known to investors. Just recently, a sudden liquidity crunch in the UK gilts market forced the Bank of England to intervene. What will be the next domino to fall? Despite this uncertainty, investors can protect their portfolios against tail risks while seizing opportunities across asset classes. In this session, we discuss why investors should be thinking about “unknown unknowns” and offer strategies to provide their portfolios with the right downside protection in the event risk becomes reality.
Rising Rates, Wider Spreads: Harvesting Alpha in High Yield
Central banks have adopted a hawkish sentiment in their fight against surging inflation, fueling a rise in rates across credit markets. With rates likely to follow an uneven path during this cycle of policy tightening, opportunities will continue to emerge. In this session, we discuss the macro and policy trends impacting bond markets, the potential forces leading to wider credit spreads, and opportunities to maximize returns in high-yield bonds.
The Global Energy Transition: The Short Term & Long Game
The decades-long transition from traditional energy sources to renewables is expected to create a broad and diverse set of investment opportunities that go far beyond energy and transportation. With renewable energy capacity far below global demand, traditional fossil fuels—like oil, gas and coal—are not expected to be fully replaced despite the growth momentum behind the net-zero movement and ESG. Complicating this transition is the ongoing conflict in Ukraine that has exposed Europe’s over dependence on Russian oil and gas. In this session, we reviewed the long-term trends and short-term realities around Europe’s reliance on Russian energy, the status of energy alternatives, including renewables, and what this all means for global energy producers, distributors and investors.
Debt Risk and Equity Opportunities: Why Emerging Markets Are Still Attractive
Emerging markets are facing a new set of challenges as the global economy continues to recover from the COVID-19 pandemic. A supply crunch in commodities is driving inflation around the world. A strong US dollar signals trouble ahead in EM trade and sovereign debt. And as central banks raise interest rates, EMs face the prospect of mounting fiscal pressure. Despite these uncertain times, EMs remain an attractive investment opportunity. This session addresses the outlook for EMs and the opportunities available to investors across equity and fixed income markets.
European CIO Panel
European investors are facing a host of challenges today as they navigate a macroeconomic environment clouded by inflation and tighter monetary policy. Those saving for their retirements also face an evolving investment landscape amid a shift from DB to DC plans. In this session, we will discuss the current investment outlook, the implications of geopolitical uncertainty in Europe and the rest of the world, and ESG’s role in the portfolio.
Mo Gawdat - Solve for Happy
Despite being blessed with wealth and professional success, Mo Gawdat came to the realisation that he remained deeply unhappy with his life. This led him on a journey to discover what drives lasting happiness. As former Chief Business Officer for Google X, Mo approached the problem as an engineer might, ultimately arriving at what he calls his ‘happiness model’. After tragically losing his son Ali in 2014, he was motivated to turn his findings into the bestselling book ‘Solve for Happiness’, and embarked on a moonshot mission to make a billion people happier in Ali’s honour.
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Megatrends 360 - Europe
Dive deeper into European markets and use asset classes filters to refine your search to find the megatrends takeaways that match your interests.
ESG and Greenwashing
It’s hard to decipher ESG fact from fiction. With varying definitions of sustainable investing, investors must be clear what their sustainable objectives are.
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