August 22, 2019 The Investor’s Survival Guide to a Long Life by Kent Hargis, Sammy Suzuki, Aditya Monappa Rejoice—people around the world are living longer! But pause the festivities—that means they need more retirement money. To ensure they don’t run out of cash, savers need to adjust their investment strategies as their needs change, both before and after retiring. Asset Allocation, Equities, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
August 21, 2019 Are Distressed Small Banks Putting China’s Banking System at Risk? by Hua Cheng It’s been 20 years since a Chinese bank failed. But recent bailouts of three regional lenders have raised concerns about systemic problems in China’s financial sector. While risks have grown for China’s smaller banks, we believe that the Chinese banking system remains robust. Economics, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
August 14, 2019 Why Today’s Inverted Yield Curve Isn’t Necessarily a Recession Warning by Erin Bigley, Chris Marx The most closely watched part of the US yield curve inverted this week for this first time since 2007, suggesting that a recession may be around the corner. We’re not convinced that’s true. Active & Passive , Equities, Fixed Income, Trade Wars, Volatility Likes 0 SHARE Bookmarks
August 14, 2019 Are European Energy Companies Sustainable Investments? by Jeremy Taylor Oil and gas producers are often seen as vulnerable to global efforts aimed at curbing climate change. But some European energy groups might become part of the solution to climate change rather than part of the problem. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
August 13, 2019 Does Sustainable Investing Constrain a Portfolio? by Dan Roarty Sustainable investing is often misunderstood. Many investors think a sustainable agenda limits a portfolio to a narrow piece of the market. In fact, plenty of stocks can help investors create social benefits while generating strong returns—if you know how to find them. Active & Passive , Responsible Investing/ESG Likes 0 SHARE Bookmarks
August 07, 2019 China’s Currency Weakness: Not as Bad as it Seems—Yet by Mo Ji China’s currency depreciated this week, with the exchange rate rising to more than 7.0 renminbi per US dollar, unnerving investors and markets worldwide. Here’s the good news: we don’t think the renminbi will continue to weaken at the same pace. Currency, Economics, Trade Wars Likes 0 SHARE Bookmarks
August 05, 2019 Is a New Front About to Open in the US-China Trade War? by Eric Winograd Financial markets are focused on the ongoing trade war between the US and China—which goods and services are in play and what measures are being taken or threatened in each case. But the trade conflict could spill over into currency markets—and that’s a risk that bears watching. Currency, Economics, Trade Wars Likes 0 SHARE Bookmarks
July 31, 2019 Midyear Municipal Outlook: Stay Flexible Late in the Cycle by Daryl Clements Municipal bonds have had a good run since the beginning of the year, but there’s still room for additional positive performance in 2019. That’s particularly true for investors who choose active strategies with the flexibility to move money around the bond market as conditions evolve. Fixed Income, Later in the Cycle, Municipals Likes 0 SHARE Bookmarks
July 30, 2019 Rising Risk of No-Deal Brexit by Darren Williams With the pound sliding to two-year lows, currency markets are signalling a higher probability of a no-deal Brexit. But the fallout from no deal would hurt the rest of Europe, too, and add to downward pressure on euro-area bond yields. Brexit, Economics Likes 0 SHARE Bookmarks
July 30, 2019 Midyear Bond Outlook: Making Sense of Conflicting Signals by Douglas J. Peebles The first half of 2019 was kind to financial markets. Will the good times keep on rolling? In our view, that will depend on whether loosening monetary policy is still an effective way to boost growth. Fixed Income, Later in the Cycle, Trade Wars Likes 0 SHARE Bookmarks
July 25, 2019 Will Easy Monetary Policy Keep the Global Economy Afloat? by Darren Williams Global markets have taken heart from a truce in the trade war and signs of yet more monetary-policy stimulus. Easy money may well give a short-term lift to asset prices, but longer-term prospects look more challenging, especially for Europe. Economics Likes 0 SHARE Bookmarks
July 25, 2019 Postcard from…Japan by Mark Phelps When people talk about Japan, they often do so in the context of ‘lost decades’ and warnings of limited growth opportunities. Nearly one-third of the population is over age 65, inflation is stubbornly low and predictions for future economic growth are not encouraging. While talk of demographic doom often dominates headlines about Japan, a recent visit with my research team assured me that it also contains some interesting investment opportunities. Equities Likes 0 SHARE Bookmarks
July 23, 2019 US Corporate Cash Is Down: Should Investors Worry? by Sharat Kotikalpudi, Caglasu Altunkopru The recent decline in US corporate cash hasn’t raised a lot of eyebrows, but it has caused one of our equity-quality indicators to flash a warning. Since equity quality is one of the signals with a strong track record of predicting market sell-offs, should investors be worried? Equities, Multi-Asset Likes 0 SHARE Bookmarks
July 23, 2019 Do Weak Stock Flows Point to Equity Gains Ahead? The 11-year equity bull market is certainly getting long in the tooth, but several important indicators suggest we may not be at the end yet. Equities Likes 0 SHARE Bookmarks
July 16, 2019 Finding Growth in a Low-Growth World When macroeconomic growth slows, investors get edgy. But the economy isn’t the only thing that drives revenue and earnings growth for companies. Some industries are poised to expand at a rapid clip even if GDP growth is subdued or decelerating. Active & Passive , Equities, Later in the Cycle Likes 0 SHARE Bookmarks
July 09, 2019 Will Dovish Fed Policy Fuel US Stocks? by James T. Tierney, Jr. Equity markets recovered in June as the US Federal Reserve turned decidedly dovish, coming in line with most central banks around the world. But after posting strong gains, to end the quarter close to a record high, how much more steam do US stocks have left? Equities, Later in the Cycle Likes 0 SHARE Bookmarks