Beyond Bulls & Bears

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Equity

Europe’s Main Event: Economics vs. Politics

I believe the concerns (US President Donald) Trump has regarding trade with Mexico and China would not apply to Europe. Europe is not a low-cost area, not only where wages are concerned, but also where taxes are concerned.

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Equity

Meet the Manager: Serena Perin Vinton

(Jerry Palmieri) made me realize that in this business, experience does matter, and portfolio managers can become more seasoned and better investors over time by learning from that experience.

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Equity

Is There Scope For Optimism in Europe in 2017?

We are confident that we could see a decent earnings recovery in sectors whose earnings have been depressed for a couple of years (financials, energy), while cyclical sectors overall should likely benefit from a stronger economy overall.

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Equity

Politics, Policy Uncertainties Likely to Sway Markets in 2017

As markets get more clarity on the emerging policy backdrop, we believe companies with strong growth potential that the market has overlooked will likely fare well over the longer term.

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Equity

The Great Sector Rotation, and the Road Ahead for UK Equities

In the closing months of 2016, there were big changes in some of the financial metrics that feed into economic assumptions and indeed equity valuation assumptions, and we think that sets the tone for where we move into 2017.

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2017 US Growth Investing Outlook

Information technology and health care will likely continue to be areas of focus for us in both 2017 and beyond. Innovation and a changing landscape are creating compelling opportunities for investment, in our view. We see technology spending and investment as being much less discretionary than one might think, giving tech a resiliency factor not typically associated with the sector.

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There’s More to India Than Just the Growth Story

The past few decades have brought about a shift in the types of jobs available in India—from low-paying agricultural jobs to higher-paying manufacturing and service jobs. Given the increase in disposable income, we believe consumer demand will drive company earnings growth as well as the Indian economy.

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Equity

Counting the US Election Implications on the Global Markets

We don’t anticipate that the new US government will be against free trade; instead, we anticipate an emphasis on ensuring fair trade. The electorate’s rebellion against globalization is not about trade per se, but rather a reflection of the focus on income and job growth.

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Equity

Stock-Market Value Hunting—and a Potential Post-Election Outcome

When looking at various countries or regions where we invest, we consider emerging markets as representing a disproportionate amount of where equity value exists today after several years of underperformance relative to developed markets.

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Equity

What’s Driving US, European Voter Resentment?

Voters in a democracy often respond more to perception than reality, particularly when it comes to issues of patriotism, pride and identity. It isn’t always just about the bottom line.

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Equity

Smartphones and Software Keys to Realizing “Dot-Com Dreams”

We believe many of the unfulfilled dreams of the dot-com era are finally being realized as the convergence of hyper-connected consumers and increasingly sophisticated technology and software has allowed companies to provide services that seemed impossible even 10 years ago.

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Equity

3 Reasons Why Investors Should Ignore Political Threats to Biotech

Given that the United States is considered a world leader in pharmaceutical innovation, we think it’s unlikely that politicians would want to impede the profit motivation of innovation and potentially severely impair the industry’s growth.