January 22, 2019 Are Global Stocks Divorced from Reality? by Mark Phelps, Dev Chakrabarti Equities declined around the world in 2018, and valuations fell sharply. The risks are clearly significant—but have stocks fallen too far? With earnings still expected to advance this year, we think selective investors can find attractive entry points. Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 17, 2019 US Government Shutdown—Dimensioning the Economic Effects by Eric Winograd The US government shutdown is almost four weeks old, and there’s no sign that the standoff will be resolved anytime soon. How much has the shutdown impacted—and how much will it impact—economic growth? That depends on how long it lasts. Economics, Policy & Regulation Likes 0 SHARE Bookmarks
January 17, 2019 Populism Is Alive and Well: What’s the Big-Picture Impact? by Guy Bruten It’s been two years since our initial research on populism, and populist-inspired policies continue to advance today on multiple fronts. As we see it, investors should expect more of the same ahead—influencing everything from global economic growth and inflation to policies directed specifically at the corporate sector. Economics, Policy & Regulation Likes 0 SHARE Bookmarks
January 16, 2019 Brexit and Beyond: Investing in Europe amid Political Risk by Tawhid Ali, Andrew Birse With Brexit headlines dominating the European news, equity investors face an ongoing challenge. Building resilient portfolios requires a clear view of the long-term outlook for European companies that also reflects major short-term political uncertainties. Equities, Understanding Brexit Likes 0 SHARE Bookmarks
January 15, 2019 How to Keep Your Balance in Shaky Bond Markets by Matthew Sheridan Bond strategies that balance interest-rate and credit risk struggled in 2018. Is this time-tested approach past its prime? Hardly. We think investors will need to blend exposure to both to generate income and limit risk in 2019. Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 It’s Different This Time: Risk Is Up and Here to Stay by Daniel J. Loewy, Caglasu Altunkopru, Martin Atkin Investors are likely to remember 2018 as the end of the era of easy money, low volatility and steady margin expansion. Investing will be more challenging in 2019—and diversification will be more important than ever. Asset Allocation, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 US Equities: Could 2018 Pain Become 2019 Gain? by James T. Tierney, Jr., Frank Caruso, Kurt Feuerman With US stocks facing multiple risks, it’s easy to lose sight of the positive trends that could help the market recover. In 2019, investors should search for select stocks with the right attributes to produce positive surprises in a potentially tricky market environment. Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 2019 Elections in Scope: Nigeria & South Africa by Adriaan du Toit The two biggest economies in Africa—Nigeria and South Africa—both have presidential elections in 2019. The results will set the stage for the next phase of these economies as well as investor interest in them. These elections could also have implications for the economic future throughout the continent. Economics, Emerging Markets, Equities, Fixed Income Likes 0 SHARE Bookmarks
January 10, 2019 Steering Equity Portfolios Through Stormy Style Seas by David Dalgas, Klaus Ingemann, Thomas Christensen As volatility returned to global markets in 2018, return patterns for equity styles were very unstable. With more signs of turbulence ahead, investors should prepare to reduce the impact of short-term factor swings on portfolio performance. Equities, Volatility Likes 0 SHARE Bookmarks
January 09, 2019 Fixed-Income Outlook: Three Themes We’re Watching in 2019 by Douglas J. Peebles The past year was a rough ride for bond investors. Will 2019 deliver more of the same? Economics, Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 08, 2019 Keep Your (High) Income On Track In 2019 2019 may be a challenging year for high-income investors. That makes it more important than ever to embrace a global approach and to focus on quality. Oh, and don’t fret too much about rising rates. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
January 08, 2019 DC Plan Participants Voice Their Interest in Responsible Investing by Jennifer DeLong In our new survey, DC plan participants voice their interest in aligning their retirement investments with their ethics. But the Department of Labor has apparently put up some roadblocks that cause DC plan sponsors to hesitate. Multi-Asset, Responsible Investing/ESG, Target-Date Solutions Likes 0 SHARE Bookmarks
January 08, 2019 China: Current Questions, Long-Term Opportunities by Sharon Fay Yes, investor concerns are swirling around China’s economy and the gradual opening of its domestic equity market, but the long-term picture presents significant opportunities for active investors. Emerging Markets, Equities Likes 0 SHARE Bookmarks
January 03, 2019 Don’t Rely on Cheap Oil to Power Equity Markets by Sharat Kotikalpudi It’s taken for granted in financial circles that lower oil prices are a boon for stocks, as they fuel an economy-boosting cycle in which money saved at the pump ultimately flows to the market. But oil prices that are too low could be too much of a good thing. Multi-Asset, Volatility Likes 0 SHARE Bookmarks
January 02, 2019 Wary of Emerging-Market Debt in 2019? You Shouldn’t Be. by Shamaila Khan, Christian DiClementi There’s no sugarcoating it: 2018 was hard on emerging markets. But as Nietzsche (and Kelly Clarkson) said, what doesn’t kill you can make you stronger. And as 2019 begins, we see many pockets of strength—and opportunity. Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
January 02, 2019 Global Equities: 2018 Review, 2019 Outlook by Sharon Fay One big lesson for investors from 2018 is that you can’t really anticipate every political or economic risk that comes up and try to insulate your portfolio from all of it. As we enter 2019, there are reasons to be defensive, but also spread your exposure to some undervalued opportunities. Asset Allocation, Equities, Volatility Likes 0 SHARE Bookmarks