March 04, 2020 Fed May Cut Rates Further to Counter Coronavirus Headwinds by Eric Winograd This week’s Fed rate cut helped steady financial markets reeling from the expected impact of the coronavirus on the US economy, and we think more cuts are coming—in March and beyond. The economy should rebound in the second half of the year, though at a lower full-year pace. Coronavirus, Economics, Fixed Income, Volatility Likes 0 SHARE Bookmarks
March 04, 2020 US Equity Valuations Rebooted by Coronavirus by Kurt Feuerman Although the outlook for growth and earnings is uncertain amid the coronavirus crisis, attractive stock valuations could create opportunities for high-conviction investors. Coronavirus, Equities, Volatility Likes 0 SHARE Bookmarks
March 03, 2020 Finding the Right Kind of Growth by Dev Chakrabarti Companies that have their own engines to drive sustainable growth over the next three to five years can provide equity investors with a winning recipe for returns. Equities Likes 0 SHARE Bookmarks
February 26, 2020 China’s Bond Markets Can Weather Coronavirus by Jenny Zeng, Mo Ji, Hua Cheng As China’s leaders scramble to contain the COVID-19 epidemic, the global community braces for impact to China’s people, equity and bond markets, and economy. China, Coronavirus, Economics, Emerging Markets, Fixed Income Likes 1 SHARE Bookmarks
February 26, 2020 High-Yield Investors Should Look Beyond US Corporates Investors who want bigger returns from their high-yield strategies should consider a global approach. Fixed Income, Late-Cycle Investing Likes 0 SHARE Bookmarks
February 25, 2020 The China-US Tech Rivalry: Beyond Doom and Gloom by Lei Qiu As China steps up efforts to achieve technological independence, there may be a silver lining for some global companies in the sector. China, Equities, Trade Wars Likes 0 SHARE Bookmarks
February 24, 2020 The Late Cycle: Fiscal Stimulus Ahead? by Scott DiMaggio, Eric Winograd Is the impact of global monetary stimulus waning? Our Co-Head of Fixed Income and our US economist discuss whether fiscal stimulus will pick up the slack. Economics, Fixed Income, Late-Cycle Investing, Volatility Likes 0 SHARE Bookmarks
February 21, 2020 Making the Most of Merger Arbitrage by Stuart Davies, Scott Schefrin Merger arbitrage can create highly attractive returns. But there’s a big problem: hedge fund managers typically take 30% - 50% in fees. We advocate a smarter way to approach merger arbitrage investing, with much lower fees. Alternatives Likes 0 SHARE Bookmarks
February 20, 2020 Tech Stocks Should Be Prominent in ESG Portfolios by Dan Roarty The Wall Street Journal criticized ESG portfolios earlier this month for being dominated by big technology stocks. But we think technology stocks are integral to a responsible investing agenda when chosen as part of a well-defined process targeting companies that foster environmental, social and governance (ESG) improvements. Equities, Responsible Investing/ESG Likes 0 SHARE Bookmarks
February 18, 2020 A New Wave of Emerging Market Opportunities by Sammy Suzuki Emerging markets are no longer just the factories to the world, they’re rapidly becoming knowledge-based economies. And they’re not just catching up to their developed counterparts: in some key industries and sectors, emerging markets are leapfrogging past developed economies. Emerging Markets Likes 0 SHARE Bookmarks
February 17, 2020 Revisiting China’s Equity Markets as Coronavirus Spreads by John Lin, Stuart Rae Growing fears about the coronavirus have hit Chinese stocks. While markets will remain unstable until China gets the outbreak under control, equity investors should revisit lessons from previous epidemics and consider the potential longer-term effects of the current crisis. China, Coronavirus, Emerging Markets, Equities, Volatility Likes 1 SHARE Bookmarks
February 12, 2020 Are High-Yield Returns Predictable? Key Metric Suggests Yes One way for high-yield investors to gauge how their bonds may fare down the road has been with this simple, accessible and historically accurate tool. Fixed Income, Late-Cycle Investing Likes 0 SHARE Bookmarks
February 06, 2020 Should Investors Avoid US Healthcare Stocks in an Election Year? by Vinay Thapar, Frank Caruso US healthcare is always a political hot potato, and volatility is expected to rise as the November elections approach. But investors can find good opportunities in the sector in companies with strong long-term business drivers that are relatively immune to political noise. Equities Likes 0 SHARE Bookmarks
February 05, 2020 Navigating Political Risk in Latin America’s Andean Region by Armando Armenta Late in 2019, Chile, Colombia and Peru saw an uptick in political turmoil that was unusual, given that they’re perceived as politically stable countries with “market-friendly” policies. With several key elections on tap in 2020, we’re watching closely for potential risk flare-ups. Economics, Emerging Markets Likes 0 SHARE Bookmarks
February 05, 2020 The Late Cycle: The Fed Balance Sheet by Scott DiMaggio, Eric Winograd The Fed balance sheet is back. Our Co-Head of Fixed Income and our US economist discuss what recent stimulus means to the economy and markets. Economics, Fixed Income, Late-Cycle Investing Likes 0 SHARE Bookmarks
February 05, 2020 Brexit: It Ain’t Over till It’s Over by Darren Williams At 11 p.m. GMT on Friday 31st January, the UK formally left the European Union. Thank goodness for that, many will say. Unfortunately, it isn’t quite that simple, as the UK and the EU still need to reach agreement on the shape of their future trading relationship. Brexit, Economics Likes 0 SHARE Bookmarks