Beyond Bulls & Bears

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Brexit Signs: Envisioning an EU Without the UK

In my view, the big risk for the United Kingdom of exiting the EU would be marginalisation, not just economically, not just financially but also politically … I would even go so far as to suggest that the status of the United Kingdom as a large world financial centre could be at risk if it were to leave the EU.

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Alternatives

Storm Watchers and the Search for Income

It is significant that the effect of both a strengthening dollar and falling commodity prices might be expected to be felt particularly keenly in emerging market economies.

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Global Economic Perspective: May

Although liquidity from the European Central Bank (ECB) and the Bank of Japan will continue to seep into select markets, countries exposed to the US dollar could see bond yields—and hence debt service costs—rise as the Fed tightens policy.

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The Commonwealth & Commodities: Australia, Canada and New Zealand

In much the same way that elevated terms of trade benefitted past growth, the recent drop in commodity prices has acted as a strong headwind to future growth.

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M&A Activity in Technology Heats Up

Many IT firms are flush with cash, and, as companies are maturing in the space, they are expanding the ways they return value to shareholders. Buybacks and the initiation or growth of dividends have been common, but increasingly M&A activity is seen as a strong option for technology firms looking to increase their value.

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Meet the Manager: Heather Arnold

My father sparked my interest in the mutual fund industry while I was just in high school. He was a keen follower of companies and stocks, and he liked to discuss them at the dinner table. I went with him to a Templeton shareholder meeting years before I worked for the company.

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In the Know: The UK Election 2015

The obvious big winners from the election result, in our view, are likely to be those sectors that had the potential to be impacted by a change in the political hue of the government such as house builders, real estate companies, utilities, tobacco companies and support service businesses.

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Buying Time: Why We Think M&A Is Here to Stay

In an environment of still-moderate global economic growth that may not promise great rewards for new investment or capital expenditure, the market appears more prepared to accept that well-thought-out M&A, financed by lower-cost capital and low interest rates, could be quickly accretive.