Featured Investment Insights
The Western View
Today, fears dominate the financial news, and we have a slightly more cautious tone overall. Yet despite prevalent fears, we remain bullish on several sectors within fixed income – and continue to see opportunity.
There is a busy election calendar across emerging markets this year, with potential consequences for the direction of prevailing economic, social and trade policies (and, by extension, conditions for businesses). Here are some of the near-term political events we are thinking about...
Increased volatility is obscuring the rising strength of small-cap earnings, which we believe should ultimately translate into leadership for certain cyclical sectors—those that combine profitability, relatively attractive valuation, and global exposure.
Around the Curve
Investors responded to average hourly earnings surprising to the upside by taking yields higher. But at this juncture we believe recessionary fears are overblown.
In this Q&A, Richard Elmslie, Co-Chief Investment Officer and Co-Chief Executive of RARE Infrastructure, explains the growth potential for infrastructure assets over the next decade and their resilience in the face of future downturns.
ClearBridge is not only a leader in incorporating ESG in its investment process, but also in working with companies to generate direct impact on ESG-related issues.
Navigating Emerging Markets
Emerging markets are rapidly becoming synonymous with innovation. Strong technical education, state support and growing internet penetration, have all driven a surge in creativity.
Western Asset examines recent trends in the muni bond market and provides its outlook about conditions ahead.
Martin Currie privately engaged with over 250 publicly traded companies on Environmental, Social and Governance practices in 2017. The details of this activity, its outcomes and our general approach to engagement are now available in our third annual Stewardship Report.
Infrastructure stocks have been the one of the hardest hit sectors of the equity market over the past five months. It is our view that sentiment and not true fundamentals have caused much of this impact. But such sentiment is reversible given long-term fundamentals for infrastructure, with large investors now seeing multiples here at attractive valuations.
Mid Week Bond Update
For the past week, fans of fixed income as a safe haven seemed vindicated. While volatility ebbed and flowed in the midst of trade tirades...
Reducing trade barriers, improving capital flows, developing infrastructure or enhancing institutional frameworks are vital drivers of long-term economic and social change. We believe momentum from such reforms is key to the compelling structural growth story in emerging markets.
Commercial Real Estate
It's increasingly clear that U.S. commercial real estate is benefiting from the preservation and expansion of many key provisions under the country's new tax law -- with positive consequences for investors.
Mid Week Bond Update
As U.S.dollar Libor continued to rise, average high yield credit spreads have yet to rise; overall fixed-income volatility has been relatively unmoved by the action in equities.
Three fund managers discuss the health of the current opportunity set for income investing in their asset class.
...and probably here to stay, notes Royce co-CIO Francis Gannon. His advice: tune out the noise about tariffs and rising rates, and instead focus on cyclical small caps with improving earnings and global exposure.
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