December 10, 2019 Beyond Green Bonds: Innovations in Sustainable Investing by Shawn Keegan Environmentally minded investors, take note: a controversial new bond format that links a company’s sustainability goals to its bottom line could be a game changer in building a more sustainable future. Fixed Income, Responsible Investing/ESG Likes 0 SHARE Bookmarks
December 09, 2019 What’s the Forecast for Fiscal Stimulus? by Darren Williams, Guy Bruten Monetary policy for many central banks is reaching the end of the road for effectiveness. Where and when might economic support shift from monetary policy to fiscal policy Economics, Fixed Income Likes 0 SHARE Bookmarks
December 09, 2019 The Phantom Metric: What Really Drives US Equity Valuations? by Frank Caruso, Vincent Dupont Investors continue to question whether US equity valuations are too high, particularly for growth companies and versus other global markets. But standard valuation metrics don’t tell the whole story. Understanding the cost of capital can provide essential insight on valuing stocks. Equities Likes 0 SHARE Bookmarks
December 05, 2019 For Growth Stocks, Profits Are the New Normal by Michael Walker, James T. Tierney, Jr. After a series of disappointing initial public offerings (IPOs), private and public equity investors are becoming more discerning about earnings. And for good reason. Profitable companies outperform by a wide margin over time, even among high-growth companies, which often post losses early in their lifecycles. Equities Likes 0 SHARE Bookmarks
December 03, 2019 Four Reasons Investors Shouldn’t Shy Away from Illiquid Alternatives by Brian Resnick Many investors are somewhat skittish about illiquid alternatives because they’re worried about tying up their money for a long time in an investment that they can’t trade or exchange easily. However, illiquidity may actually work to investors’ advantage. Alternatives Likes 0 SHARE Bookmarks
November 25, 2019 Big Tech Faces Big Test on ESG Issues by Lei Qiu, Dan Roarty As big tech and media companies face growing concern about the power of their businesses, more questions about environmental, social and governance (ESG) issues are likely to be raised. Social and governance issues deserve greater attention amid increasing regulatory scrutiny of industry giants. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
November 22, 2019 Does the American Shopping Mall Have a Future? by Brian Phillips Black Friday is around the corner. Will US shoppers head to the mall? Or are malls out of fashion for good? The debate about the retail apocalypse is playing out in a single bond index. Alternatives, Fixed Income Likes 0 SHARE Bookmarks
November 20, 2019 Can the UK General Election End Brexit Uncertainty? by Darren Williams The UK faces a pivotal election. But while this may end the stalemate between the UK’s lawmakers, the eventual fate of Brexit is still uncertain, in our view. Brexit Likes 0 SHARE Bookmarks
November 20, 2019 Remastering Volatility: Reducing Noise in Equity Allocations by Christopher Hogbin, Chris Marx, Nelson Yu Volatility is a challenge that has vexed equity investors for decades, yet its root causes are often misunderstood. Understanding how a company’s business profile determines a stock’s risk can help investors prepare for uncertainty and make better decisions when market turbulence strikes. Equities, Volatility Likes 1 SHARE Bookmarks
November 19, 2019 Chinese Stocks Poised for Bigger Role on Global Market Stage by John Lin, Stuart Rae China is the world’s second-largest economy, but its equities are underrepresented in market indices and portfolios worldwide. With a growing stock market capitalization—and more inflows expected from greater index inclusion—foreign investors should take a closer look. China, Emerging Markets, Equities Likes 1 SHARE Bookmarks
November 18, 2019 Three Ways to Bolster Downside Protection by Robert Milano For a long time, investors had gotten accustomed to low volatility and high levels of returns. But 2018 brought volatility back into the investing equation. Although 2019 has delivered strong market performance, fundamentals appear to be deteriorating in certain parts of the market. The need for downside protection is important going forward. Asset Allocation, Volatility Likes 0 SHARE Bookmarks
November 14, 2019 Energizing Europe: Regional Markets Show Signs of Recovery by Nicholas Davidson European stocks have outperformed US equity markets in recent months, after several years of underperformance. Is this the start of a longer trend? It’s too soon to say, but some unfolding developments could signal a reversal of fortune for a long-unloved asset class. Equities Likes 0 SHARE Bookmarks
November 13, 2019 Fed Next Steps: What’s Likely, What’s Not by Eric Winograd The Fed has signaled it is unlikely to cut interest rates again in December, but we expect further rate cuts next year. We believe the Fed has not yet done enough to protect the economy against headwinds. While we don’t forecast a US recession, we think additional monetary policy easing will be needed to stabilize growth. Economics Likes 0 SHARE Bookmarks
November 12, 2019 This Is No Time to Ditch Duration by Erin Bigley It’s easy to overlook government bonds today with yields so low. But their interest-rate sensitivity, or duration, can provide vital protection when riskier assets such as stocks and credit struggle. Fixed Income, Late-Cycle Investing Likes 1 SHARE Bookmarks
November 11, 2019 ESG: A Key Component of Quality Companies by Mark Phelps Today, ESG issues may be more prominent in investors’ minds and approaches, but quality investors have been asking these questions for some time. Late-Cycle Investing, Responsible Investing/ESG Likes 1 SHARE Bookmarks
October 31, 2019 In a Post-Cycle World, Earnings Growth Is King by Mark Phelps Investors are increasingly asking whether the macroeconomic growth cycle still exists, and, if so, where are we in it? The answers to these important questions have real implications for the way equity investors should think about their portfolios. Equities Likes 1 SHARE Bookmarks