Standard Life Investments

Through the lens

Big brands - the end of an era?

Big brands - the end of an era?

Branded consumer goods have been a favoured investment theme for many investors. However, a number of fundamental changes mean new entrants are challenging these once profitable, predictable businesses.

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How green are ‘green bonds’?

How green are ‘green bonds’?

The August announcement by Tianjin SDIC Jinneng Electric Power Co Ltd that it had issued green bonds worth RMB1 billion ($150 million) to finance a 2,000 megawatt coal‐fired power plant neatly encapsulates the conundrum of green bonds.

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Europe's dirty secret

Europe's dirty secret

A rise in bad debt is common in times of financial distress. However, two factors differentiate the Eurozone’s non-performing loans (NPLs) problem.

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Argentina – no more tears?

Argentina – no more tears?

Just over a century ago, Argentina ranked among the world’s ten richest economies. However, since those halcyon days, it has experienced long and steady economic decline relative to the developed world – described as ‘one hundred years of ineptitude’.

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Credit: is the glass half empty or half full?

Credit: is the glass half empty or half full?

How full is your credit glass? Is a change in the interest rate cycle and an uncertain political backdrop an ominous combination, or do healthier corporate balance sheets and an improving global economic backdrop mean the asset class can continue to deliver in 2017?

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Trump and European Banks

Trump and European Banks

Few expected Donald Trump to win the US presidential election. Even fewer predicted the aftermath, a strong rally in global stock markets. When the unexpected happened, the extent to which investors were wrong‐footed could be observed in the sharp rotation between sectors, away from defensive stocks and into cyclicals.

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