IR+M: Taxation and Impact on the long-term Credit Health of Municipalities

  

‘Changing fiscal policies and COVID-related work environments may result in the increased elasticity of state and local taxes. Longer-term, this could have material impacts on underlying creditworthiness.’ Link: https://www.incomeresearch.com/voting-with-your-feet-possibly-more-true-today/

Clarity AI launches ‘Controversies’ Module

  

Clarity Ai’s ‘Controversies; module can help you further enhance your ESG analysis. Clarity Ai uses big data and machine learning to create sustainability and impact analysis for companies, funds, local governments- across almost 200 countries, in line with SFDR, EU taxonomy, TCFD and Mifid II regulations Learn more at: clarity.ai/product

Rockefeller Asset Management – 2020 Sustainable Investing Annual Report

  

Rockefeller Asset Management’s 2020 Sustainable Investing Annual Report is out. Snippet from the report, based on Morningstar research: “…in 2020, three out of four sustainable equity funds outperformed their Morningstar category average, and 25 of 26 ESG equity index funds beat their traditional benchmark counterparts.” Link: 2020 Sustainable Investing Annual Report – RAM

Runway Growth Capital – Venture debt is on the way

  

From Runway Growth Capital: ‘Venture debt is on the rise. The asset class is on pace for rapid growth as startups seek to stay private longer and VC firms see record levels of activity.’ Link: https://www.bloomberg.com/news/articles/2021-03-19/meet-venture-capital-s-baby-cousin-venture-debt-quicktake

Stratton Street – US Job Creation

  

According to Erica Groshen, the US’s former Bureau of Labour Statistics commissioner, job creation in America could take anywhere between five and eight years to get back to its 2019 trend. Link: US Job Creation – Stratton Street

IR+M: Rising rates- Yes, but Income Return eclipses Price Return

  

From IR+M: Treasury rates are on the rise. .. Higher yields are associated with negative fixed income returns. However, investors have experienced periods of rising rates before, and despite higher yields, total returns were positive throughout or shortly after rates stabilized. This was the case during rising rate environments such as 2003-2006, 2008-2010, 2012-2013 and … Continued