Beyond Bulls & Bears

Then and Now: Mortgage-Backed Securities Post-Financial Crisis
Fixed Income

Then and Now: Mortgage-Backed Securities Post-Financial Crisis

“As the Fed stops buying, we expect that will leave a greater supply of mortgage-backed securities for the market to absorb. Now, the question is, who’s going to be the marginal buyer of MBS?” – Paul Varunok, Franklin Templeton Fixed Income Group

Global Economic Perspective: September
Fixed Income

Global Economic Perspective: September

In this month’s Global Economic Perspective, our Fixed Income Group discusses the spread of populism in Sweden, whether US economic momentum appears sustainable and what’s behind recent emerging-market woes.

Three Developments in Europe You May Have Missed over the Summer—and One You Didn’t
Fixed Income

Three Developments in Europe You May Have Missed over the Summer—and One You Didn’t

David Zahn, head of European fixed income, on why he thinks core European bond yields are unrealistically low, the impact of Japan’s “stealth taper”, and the apparent leadership vacuum at the heart of Europe. Plus why the lack of Brexit progress should be a concern for all EU member states.

Global Economic Perspective: August
Fixed Income

Global Economic Perspective: August

“We think the ECB is wise to retain some flexibility over the timing of its transition to more conventional monetary policies. The central bank has voiced concerns over the impact of the Turkish crisis on some European lenders. Additionally, volatility can be exaggerated at this time of year.” – Franklin Templeton Fixed Income Group

Global Economic Perspective: July
Fixed Income

Global Economic Perspective: July

In this month’s Global Economic Perspective, Franklin Templeton Fixed Income Group examines the potential market impact of ongoing trade issues. Could it derail global growth?

Sukuk’s Journey into the Financial Mainstream
Fixed Income

Sukuk’s Journey into the Financial Mainstream

"We consider global sukuk to be a misunderstood asset class. Misconceptions to which sukuk is often subject to include assumptions that sukuk is susceptible to the headline risk associated with oil price volatility, or that it is solely concentrated in a few geographies.” - Dino Kronfol, chief investment officer, Franklin Templeton Global Sukuk and MENA Fixed Income Strategies

Hasenstab: How AMLO and Mexico Can Avoid a Populist Fate
Fixed Income

Hasenstab: How AMLO and Mexico Can Avoid a Populist Fate

“While Mexico’s new president, Andrés Manuel López Obrador, has shown some populist impulses, such as expanding pension benefits or broadly handing out scholarships, his team appears aware of the pitfalls that often await governments that disrupt confidence in their country’s financial markets.” - Michael Hasenstab

Convertible Securities: a Versatile Asset Class
Equity

Convertible Securities: a Versatile Asset Class

“Given the run we’ve seen in the US equity market over the past few years, many investors may be concerned about stock valuations and their equity exposures. In this environment, some investors may want to consider select exposure to convertible securities.” – Alan Muschott, Franklin Equity Group

Fixed Income ETFs: Democratising Price Discovery for Investors
LibertyShares

Fixed Income ETFs: Democratising Price Discovery for Investors

“The evolution of ETFs, particularly in the fixed income arena, can offer even retail investors access to a market with the same price discovery/transparency as their institutional counterparts.” – Jason Xavier, head of EMEA ETF Capital Markets

Michael Hasenstab: An Update on our Global Markets Resilience Scores
Fixed Income

Michael Hasenstab: An Update on our Global Markets Resilience Scores

Templeton Global Macro makes a compelling case that finding attractive opportunities in emerging markets lies in distinguishing the more resilient countries from the rest. Here, CIO Michael Hasenstab provides an update of the team’s proprietary “Local Markets Resiliency Index” and highlights the scores of seven different countries—Argentina, Brazil, India, Indonesia, Mexico, Malaysia and South Africa.

Global Economic Perspective: June
Fixed Income

Global Economic Perspective: June

In this month’s Global Economic Perspective, our Fixed Income Group sees the broad outlook for the global economy as remaining positive but expects more patches of financial market volatility ahead.

ECB Meeting: Fresh Clarity, But Let’s Not Get Ahead of Ourselves
Fixed Income

ECB Meeting: Fresh Clarity, But Let’s Not Get Ahead of Ourselves

David Zahn, Franklin Templeton’s head of European Fixed Income, gives his take on the ECB meeting and explains why he’s still not expecting a eurozone interest-rate hike before 2020.