August 08, 2018 EM Stocks in the Time of Trade Tantrums by Stuart Rae Trade war’s becoming a bigger source of concern amongst investors, particularly in emerging markets, because a lot of those economies are very trade dependent. But there’s a difference between the first-order effects, the categories that are actually under trade restriction or trade tariffs now, and what might be happening in future. Emerging Markets, Equities, Trade Wars Likes 1 SHARE Bookmarks
July 31, 2018 Should Equity Investors Lose Sleep Over the Yield Curve? by Kurt Feuerman A single line chart is keeping an awful lot of investors up at night: the US Treasury yield curve. It’s been flattening steadily since the end of 2016 and is nearly the flattest it’s been since 2007. We all remember what happened after that. Equities Likes 0 SHARE Bookmarks
July 25, 2018 Stocks: The Price Isn’t Right by Frank Caruso There are lots of price-insensitive equity investors today competing for performance. And that’s pushed many strategies to disregard the underlying business as they pursue short-term stock returns. We think it’s important to focus on fundamental research and know the businesses you invest in. Equities Likes 0 SHARE Bookmarks
July 24, 2018 Debt Hangover Looms After US Borrowing Binge by Scott Krauthamer, Walt Czaicki US companies, lured by historically low interest rates, have taken on massive amounts of debt in recent years. As rates begin to rise, investors should beware of companies that might be vulnerable to increasing financing costs. Equities, Rising Rates Likes 0 SHARE Bookmarks
July 23, 2018 An Open Letter to European CEOs: Work with Us, Not Against Us by Sharon Fay, Tawhid Ali, Andrew Birse European companies often see engaged equity investors as the enemy. But there’s a new breed of activist investors who aren’t aggressive and share the same long-term interests as management. Let’s work together toward the best outcome for all stakeholders. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
July 18, 2018 Think Small in a Trade War? Yes, but Think Carefully, Too by Bruce Aronow, James MacGregor, Samantha S. Lau, Shri Singhvi As trade tensions escalate, investors are flocking to stocks of smaller US companies, which rely less on foreign sales than their large-cap peers. But in some industries, tariffs could affect smaller companies in unexpected ways. Active & Passive , Equities, Trade Wars Likes 0 SHARE Bookmarks
July 11, 2018 Are US Companies Investing Enough for the Future? by Frank Caruso, Chris Kotowicz Corporate investments are the cornerstone of future growth. Yet shareholders are often seduced by buybacks and dividends. Equity investors should always make sure companies strike the right balance between deploying cash flows for short-term shareholder rewards and strategic reinvestment. Equities Likes 2 SHARE Bookmarks
July 10, 2018 Harmonic Equity Returns Hide Dissonant Market Notes by Sharon Fay Global developed equity markets rose in apparent harmony during the second quarter, as if they were all singing from the same sheet. But beneath the returns, multiple risks are fomenting disquiet, and five points of dissonance warrant closer attention. Equities Likes 1 SHARE Bookmarks
June 22, 2018 Small-Cap Stocks: What’s Really Driving Returns? by James MacGregor US small-cap stocks have delivered strong returns in recent years. But value stocks have lagged the broader market. A closer look at what’s driving returns reveals some risks that deserve attention. Equities Likes 1 SHARE Bookmarks
June 22, 2018 How to Avoid the Private Equity Liquidity Trap by Avi Lavi, Tawhid Ali Private equity funds continue to attract interest, despite rising deal valuations and high levels of leverage. We think there’s a way to get many of the benefits of private equity in public markets—without forfeiting liquidity. Equities Likes 1 SHARE Bookmarks
June 15, 2018 Emerging Markets: Diminishing Risks vs. Headline Fears by Laurent Saltiel, Sergey Davalchenko, Naveen Jayasundaram Fears of new threats to emerging markets have cooled stock returns after two years of hot performance. But the concerns may be overstated. The long-term risk profile of emerging markets is continuing to improve. Emerging Markets, Equities, Rising Rates, Volatility Likes 1 SHARE Bookmarks
June 04, 2018 Can Emerging Markets Defy a Stronger Dollar? by Morgan Harting Turkey’s currency crisis has spooked emerging-market (EM) investors, especially amid growing concern about the strengthening US dollar. We think countries and companies in the developing world are actually much more resilient to a stronger dollar than in the past. Currency, Emerging Markets, Equities, Fixed Income, Volatility Likes 0 SHARE Bookmarks
May 29, 2018 Will China Export Volatility as Equity Markets Open? by John Lin China’s markets are opening to the world—but be aware of the potential for unintended consequences. As more money flows into domestic Chinese stocks from abroad, more money is also flowing out of China, which may trigger volatility in regional markets. Emerging Markets, Equities, Volatility Likes 0 SHARE Bookmarks