Beyond Bulls & Bears

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Fixed Income

Behind the Record-Breaking GCC Debt Issuances

“Despite a surge in debt issuance from the GCC region, its debt market is by no means saturated. We think it’s a region that is under-represented on the international stage and in which most participants are chronically under-invested.” Dino Kronfol, CIO, Franklin Templeton Global Sukuk and MENA Fixed Income Strategies.

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Fixed Income

Global Economic Perspective: May

In this month’s Global Economic Perspective, Franklin Templeton Fixed Income Group examines the aftermath of the French election in Europe, signs of a pickup in global growth and whether Japan’s “Abenomics” experiment is working.

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Fixed Income

Trade and Taxes in a World With Borders

“Successful [US] corporate tax reform would go a long way in promoting the incentives for real investment over the long term. Since weak investment has been identified as a potential drag on productivity growth since the global financial crisis, this shift in incentives could have strong and long-lived benefits.” - Michael Hasenstab

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Fixed Income

Why We’re Expecting a Return to Normality

"The argument that investors should confine themselves to risk-free assets because the world is on the brink of adopting a swathe of radical fiscal and monetary policies or because we’re facing the prospect of the break-up of the EU, seems to me to be specious."

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Perspectives

The Political Implications of Macron’s Win in France

In the wake of Emmanuel Macron’s victory in the French presidential race, what’s next for investors? Matthias Hoppe, senior vice president and ...

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Equity

French Election Result: Macron Wins, But Can He Deliver?

There were no surprises as French voters elected Emmanuel Macron as their new president after the second round of voting.

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Perspectives

Municipal Bonds: Not Just for US Investors Any More

One area of possible bipartisan consensus under the new US Trump administration may be a renewed emphasis on infrastructure spending. This could result in new public-private partnerships and the issuance of qualified public infrastructure bonds.

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Equity

US Equities: Policy Smoke or Solid Pillars?

We continue to see potential opportunities in many sectors of the market, but one area we are particularly excited about is the technology sector. Even more exciting and less obvious are the behind-the-scenes, technology-driven transformations taking place in many industries outside of the technology sector.

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Equity

An Exciting Time for the Energy Sector

Our general takeaway is that energy sector opportunities in 2017 and 2018 are likely to be more idiosyncratic and company-specific, whereas in the recent past they’ve been driven more by the macro commodity price environment. As fundamental, bottom-up investors, this is an environment we welcome.

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Perspectives

Notes from the Trading Desk – Europe

The surprise from the results of the first round of the French election was that there was no surprise. The polls seem to have got it right this time as centrist Emmanuel Macron garnered the most votes, followed by far-right nationalist Marine Le Pen.

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Perspectives

French Election Result – It’s Not Yet a Done Deal

On paper, the result of the final round of the French election now looks to be a foregone conclusion; most observers would expect a solid victory for the more establishment Emmanuel Macron over the far-right Marine Le Pen. But if we’ve learned anything from recent political events, it’s to expect the unexpected.

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Alternatives

The Case for Listed Infrastructure: Strengthening the Foundation for the Global Economy

Infrastructure impacts every aspect of a community, and to the extent these physical assets perform optimally, they enable essential components of a healthy economy, such as fiscal stimulus and job creation, while also contributing to a higher quality of life.