DWS Research Institute

Europe’s investment appeal

By: Maria Milina, Murray Birt, Dirk Schlüter, Richard Marshall, Ruben Bos

The investment routes to express European Transformation

Direct Lending Markets in Europe and the US

By: Michael Verhoeven, Maria Milina

Many similarities and a few nuances

Improving investor understanding when it comes to nature

By: Steffen Kutscher, Otar Sarishvili, Annekathrin Mueller-Lohmann

Whitepaper #3: Standards, frameworks and tools relating to nature

How asset managers can support female investment trends

By: Maria Milina

From the margins to the mainstream

Stress testing equity markets with higher carbon prices

Comparing the impact on traditional and ESG equity indices

The corporate green bond renaissance

By: Jay Joshi

Financing climate transition plans

Long View Q2: Equity concentration risk & long-term estimates for Value, Growth and Small Cap

By: Jason Chen, Dirk Schlüter, Bhavesh Warlyani

European High Yield for Allocators

By: Jason Chen

Evaluating the use of European high yield within an investment portfolio

Artificial Intelligence- Investing in AI innovation leaders

By: Maria Milina, Jason Chen

Artificial Intelligence (“AI”) is reshaping our world, with the potential to add trillions to global economic growth. In this paper, we explore the opportunities for investors to capture transformative opportunities of AI.

Is Mr. Market Apolitical? Not quite

By: Maria Milina, Robert Bush, Jason Chen

Long View Q1: Equity and bond risk premia

By: Jason Chen, Dirk Schlüter

The narrowing gap between equity and bond risk premia

Liability-aware Strategic Asset Allocation

By: Matthias Schuckardt, Marco Kleweken, Artur Stoll, Jason Chen

A simplified approach applied to a sample balance sheet of an average European Life-Insurer

Yes, Virginia, there are Active ETFs…

By: Robert Bush

So, is it fair to say that ETFs are typically thought of as passive for good reason?

Convexity and prepayment risk

By: Jason Chen, James Kole

How the price and yield relationship is impacted for issuer callable bonds

Why companies are waking up to nature’s value

By: Steffen Kutscher, Otar Sarishvili, Dr. Yannik Bofinger, Annekathrin Mueller-Lohmann

Whitepaper #2: How nature affects the bottom line

Energy efficiency policies & investments

By: Siena Golan, Murray Birt

European developments create cross-asset class investment opportunities

Dividends and Inflation – Let’s Get Real...

By: Robert Bush, Jay Joshi, Alicia Ansorg

In this paper, the first of a series of four, we will look at the relationship between dividends and inflation over the last twenty years

DWS Long View - 2024

By: Jason Chen, Christian Scherrmann, Dirk Schlüter

The return outlook for the next decade

Europe’s transformational scorecard

By: Murray Birt, Maria Milina

Tracking European sovereigns in their transformational journeys

A Bit of Bitcoin Considerations for an Allocation

By: Robert Bush, Angelina Kostyrina, Steve Kurz, David Knowlton, CFA

​A short examination of how investors should think about Bitcoin. Which investment and asset class framework to use for thinking about them, and whether they deserve a place in a diversified portfolio.

High Yield Bonds for Allocators

By: Jason Chen

Evaluating the use of high yield within an investment portfolio

The DWS Macro Metric Part II – Investment Grade

By: Robert Bush

Finance and psychology go hand in hand.

The road ahead for direct lending

By: Michael Verhoeven, Maria Milina

Supporting transformation and sustainability ambition

Flipping the Crypto Script

By: Björn Jesch, Thomas Schuessler, Steve Kurz, Chris Rhine

An interview with four senior leaders from DWS and Galaxy.

Investing in carbon: a new asset class

By: Murray Birt, Jay Joshi

European carbon allowances - “A little goes a long way”

Nature-focused regulations start to get serious

By: Steffen Kutscher, Otar Sarishvili, Dr. Yannik Bofinger

Whitepaper #1: Catching-up to climate

Long View Q3: Japanese reflation

By: Jason Chen, Katrin Loehken, Dirk Schlüter

Japanese market has generated renewed confidence among investors with the potential to escape the deflationary trap of the past three decades.

Mr. Market Goes to Washington

By: Maria Milina, Robert Bush, Jason Chen

Once considered separate domains, economic and national security have seen growing convergence in recent years.

Thematic Investing: Skating to the Economic Puck

By: Robert Bush, Jason Chen, Maria Milina

“I skate to where the puck is going to be, not where it has been” - Wayne Gretzky, Professional Ice Hockey Player, and Coach

Decoding Carbon in Real Estate: Strategic implications of taking a whole lifecycle approach

By: Siena Golan, Murray Birt, Aleksandra (Sasha) Njagulj

In the race to reach ‘net zero’ carbon emissions, much effort has been directed towards reducing the carbon produced in operating buildings

Transforming European Energy: Alternative Fuels

By: Richard Marshall

DWS’s major report on European Transformation concluded that a deep transformation is needed to maintain Europe’s sustainable prosperity.

Long View Q2: Inverted yield curves

By: Jason Chen, Dirk Schlüter

Fixed income returns in inverted yield curve environments

ESG in Strategic Asset Allocation: The 2023 Update

By: Matthias Schuckardt, Gunnar Friede, Peter Warken, Marco Kleweken, Jason Chen

Artificial Intelligence

By: Jason Chen, Maria Milina

Opportunities for investors

A new boiling point: Oceans heat up

Given all the headlines of new extreme levels of temperature rise on land, one might have overlooked that a similar rise in temperatures is occurring in our oceans.

Solutions to drive Europe’s transformation

By: Murray Birt, Maria Milina

To address the structural forces holding back European growth and investment returns requires a significant transformation of the European economy.

Changing the flow of global climate finance

Long View Q1: Monetary tightening

By: Jason Chen, Christian Scherrmann, Dirk Schlüter

Transmission of monetary tightening into financial conditions and demand destruction

Direct lending & the European transformation

By: Maria Milina, Murray Birt

A financing solution for SMEs to participate in the transition

Earth Day– E-mobility solutions

The Role of REITs in Real Estate Allocations

By: Geoffrey Shaver, CFA, Annie Del Giudice, Jason Chen, Grace Qiu Tiantian, Ph.D., Harry Huang Peng, CAIA, FRM

Energy efficiency project focused funds

By: Murray Birt, Johannes Heickmann

DWS Long View - 2023

By: Jason Chen, Francesco Curto, Dirk Schlüter

In this edition of the Long View, we examine the risks around monetary policy tightening measures.

The hidden cost of water

Transforming transportation

By: Maria Milina, Richard Marshall

Policies to electrify European roads

More work ahead for COP28

Recap of the World Climate Summit 2022

A Framework for European Transformation

By: Francesco Curto, Murray Birt, Peter Doralt

Why has European Transformation become a matter of urgency? Read our report to learn more and about role real estate can play in the Europe's transformation journey.

ESG Special – Inequality

By: Martin Moryson

Inequality – An Investors’ Perspective.

Long View Q3: The discount rate

By: Francesco Curto, Jason Chen

The importance of interest rates and inflation on equity fair value

Earth Systems

Exploring the climate-biodiversity-land-water-oceans-just transition nexus

Deep Reinforcement Learning, how AI helps to invest your money

By: Dr. Sebastian Kring, Jan Keesen

One of the key challenges that investors face is determining financial strategies that are optimal for multi-period investment objectives.

Making sense of carbon price forecasting

The predictive power of commodity analysts and forward curves

Long View Q2: The risk of the ‘new normal’

By: Francesco Curto, Jason Chen

Implications on the global macroeconomy and financial markets.

The Global Market Portfolio

By: Peter Warken, Angelina Kostyrina

Setting a new standard for the post 60/40 regime

The corporate journey to carbon neutrality

By: Maria Milina, Andrew Lu

Deploying renewable energy to lower companies’ carbon footprint

Russia’s invasion of Ukraine: ESG & Sustainability implications

By: Francesco Curto, Murray Birt

Long View Q1: The impact of country risks

By: Francesco Curto, Jason Chen

Within this report, we present the DWS long-term capital market assumptions as of the end of March 2022 for major asset classes.

DWS Long View - 2022

By: Francesco Curto, Jason Chen, Dirk Schlüter

Carbon markets: The why, what & where

By: Murray Birt, Jay Joshi

Carbon pricing and carbon allowances

By: Murray Birt, Robert Bush, Jay Joshi

ESG Special – Societal Inequality

By: Martin Moryson

Inequality – a global challenge