Featured Insights


Chart of the Week

INFLATION: STILL TOO LOW?

Source: Bloomberg, June 22, 2018.Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment.

Inflation: Still Too Low?

CHART OF THE WEEK

Market Snapshot

OPEC: Crude Agreement

OPEC made a deal to hike production by 1 million barrels – and included Russia; Emerging Market election season begins with Turkey; European service growth beat expectations for June; U.S. tax revenue from its metals tariffs netted nearly $800 million so far; the costs have yet to be tallied.


Featured Insights

Market Outlook
May 22
Market Outlook

Around the Curve

Emerging Markets: Crisis or Opportunity?

May 22, 2018

It’s easy to get caught up in the bearishness regarding emerging markets right now. So is this a time to get out of emerging markets? Or is this an opportunity for those who are underinvested?

Investment Insights
May 14
Investment Insights

Why It Pays To Clip Coupons

May 14, 2018

A rising rate environment means the majority of fixed income investors’ return in 2018 is likely to come from carry or yield and not from price appreciation. Brandywine Global's Brian Kloss sees careful selection of higher yielding securities as the key for returns and protecting valuations.

Investment Insights
May 07
Investment Insights

Normalizing in an Abnormal World

May 07, 2018

Volatility has returned to the stock market—pretty much on cue based on past cycles of normalization. What about the rest of the economic environment?

Investment Insights
Mar 21
Investment Insights

A range-bound year

Powell's First Hike

March 21, 2018

The Federal Reserve did not disappoint at its March 21 meeting. Yet, there are some small but important changes at the Open Market Committee (FOMC).

Investment Insights
Jan 31
Investment Insights

Central Banks: Behind the Curve

January 31, 2018

Stephen Smith and Brian Giuliano discuss current central bank policies and how they could have a big impact on markets in the year to come – and beyond.

Investment Insights
Jan 16
Investment Insights

Q4 2017 Review and Outlook

Betting on the Non-Evident

January 16, 2018

We believe the year 2018 will shape up to be another year of strong global growth. Many emerging markets remain in the virtuous phase of the economic cycle, while the U.S. should finally start to experience wage and price pressures.

Market Outlook
Dec 26
Market Outlook

Finding opportunities

The Year Ahead in Credit

December 26, 2017

Where does our head of global credit see opportunity next year? Gary Herbert joins Brian Giuliano to discuss global credit markets, opportunities and risks for 2018.

Investment Insights
Dec 18
Investment Insights

Yellen and the Yield Curve

December 18, 2017

It seems as if the Federal Reserve’s reaction function may be shifting from a theory—the Phillips Curve, that lately has not been well supported by the facts—to a rule, which is based on something that can’t be seen: r-star(R*), the Wicksellian natural or neutral real interest rate.

Investment Insights
Nov 28
Investment Insights

Emerging Markets: Dangerous? Or Just Like the Rest?

November 28, 2017

Questioning the idea that emerging markets are inherently more dangerous than developed markets.

Investment Insights
Oct 26
Investment Insights

Fixed income

Are there still opportunities in global high yield?

October 26, 2017

The synchronized recovery in global earnings finally appears to be here. Every major market region in the world is now seeing significant earnings growth. We think ultra-accommodative monetary policy can now be dialled back in major developed market economies over the next year.

Investment Insights
Oct 11
Investment Insights

Around the Curve

High Yield: Low-hanging Fruit?

October 11, 2017

The reach for yield may be tempting, but now is not the time to be going for broke when investing for income across both sovereign and credit assets. Instead, we believe waiting for the right opportunities is warranted in the current investment climate.

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