May 20, 2019 Evaluating the Effects of China’s Pork Crisis by John Lin, Stuart Rae African swine fever is ravaging China’s pork supply and having a global impact on protein prices. For equity investors, the crisis serves as a reminder that even amid trade-war uncertainty, research into domestic trends can help investors access the country’s vast stock market. Equities Likes 0 SHARE Bookmarks
May 16, 2019 Responsible Returns: Better Stocks for a Better World by Dan Roarty Many equity investors want to help create social benefits while generating strong returns. Deploying a clear investment process that draws on the UN Sustainable Development Goals and integrates ESG factors in research can help investors achieve these twin goals. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
May 14, 2019 Why Play Defense in Rising Emerging Markets? by Sammy Suzuki Why should emerging-market investors exercise caution in a rising market? With big unresolved challenges, we think it’s prudent to target companies with solid fundamentals and stable business models to overcome macroeconomic uncertainty and build a resilient portfolio for the long-term. Emerging Markets, Equities Likes 0 SHARE Bookmarks
May 14, 2019 Postcard from… India by Jia Zhang India’s financial sector can be as chaotic as a Mumbai street market. But when I recently visited India and looked beyond the noisy headlines, I felt excited about the attractive investment opportunities that were created by the liquidity crisis which started last September. Emerging Markets, Equities Likes 0 SHARE Bookmarks
May 08, 2019 Unicorns and Growth: From Sales Stories to Profit Fantasies by Frank Caruso, Vincent Dupont, John Fogarty Technology unicorns are in the spotlight, with Uber’s high-profile IPO expected this week. As scrutiny of their business models intensifies, we think investors should also ask tough questions about publicly-traded companies with high sales growth but scant cash flows. Equities Likes 0 SHARE Bookmarks
May 07, 2019 Beat the Warning Lights: Managing Risk in European Equities by Tawhid Ali, Andrew Birse Investors often ask how it’s possible to allocate capital to European stocks given the political risks that abound. We think the answer is to combine disciplined stock picking with risk-management tools that look for unintended threats to a portfolio. Brexit, Equities, Volatility Likes 0 SHARE Bookmarks
April 30, 2019 Watch Out for Volatility, Even in Rising Markets by Kent Hargis, Sammy Suzuki, Chris Marx Global stocks rebounded in the first quarter, but the ride was rocky. Even in a rising market, volatility is a clear and present danger. With so many risks clouding the outlook, we believe that investors should focus on generating a smoother pattern of returns. Equities, Volatility Likes 0 SHARE Bookmarks
April 22, 2019 Climate-Proofing an Equity Portfolio by James T. Tierney, Jr., David Tsoupros From rising sea levels to catastrophic weather events, investors can’t afford to ignore the risks of climate change. Since many companies would be vulnerable if current climate forecasts materialize, asset managers may want to consider climate change in their equity research process and engage management teams on the subject. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
April 17, 2019 The Late, Late Cycle: Preparing for a World of Lower Returns by Richard Brink, Walt Czaicki These are tricky days for the global economy. As growth downshifts and corporate earnings weaken, some investors are dusting off playbooks for late-cycle investing. That makes sense, but there are a few twists to today’s market conditions that may require new responses. Active & Passive , Economics, Equities, Inflation, Later in the Cycle Likes 0 SHARE Bookmarks
April 16, 2019 Is Inversion Panic Justified? by Scott Krauthamer In recent weeks, the US yield curve has been making investors nervous again. The curve has inverted before each of the last seven recessions, and it did so again on March 22. But what does an inversion really mean for equity returns? Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
April 16, 2019 Postcard from...China by John Lin Last October, we travelled to Wuhu in the eastern Anhui province, about 350 kilometers from Shanghai. When we woke up and looked out the hotel window, the thick gray smog that covered the city provided a potent reminder of one of China's most vexing problems: air pollution. Equities, Fixed Income Likes 0 SHARE Bookmarks
April 10, 2019 Equity Investing When Turbocharged Growth Is Gone by Mark Phelps In today’s low-growth, low interest-rate environment, investors should be patient, and look for opportunities to use volatility to get into desirable investments at the price you’re willing to pay. Equities, Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
April 08, 2019 Back Where We Started? Equities Rebound but Risks Remain by Sharon Fay Global equities rebounded sharply in the first quarter from the sell-off in late 2018. But conditions remain shaky and caution is warranted. Investors should pay close attention to policy-related risks when considering their allocations. Equities, Later in the Cycle Likes 0 SHARE Bookmarks