Beyond Bulls & Bears

Meet the Manager: Heather Arnold

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.

In the Know: The UK Election 2015

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.

Greek Drama Extends Its Run

Greek Drama Extends Its Run

Greece’s departure from the eurozone would probably be more of an emotional than an economic tragedy for the region, in my view. Greece is very much a Greek problem, and its exit from the eurozone would indeed be very detrimental to Greece’s economy.

Active Opportunities in a Passive World

Active Opportunities in a Passive World

To stay in line with benchmark allocations, passive funds buy more of the stocks that get bigger while selling the stocks that shrink. By doing so, they are perpetually rotating away from cheaper stocks that have underperformed and into more expensive stocks with limited upside potential.

Headwinds—or Tailwinds—for Fixed Income Investors

Headwinds—or Tailwinds—for Fixed Income Investors

As long-term, fundamental investors, we think the equilibrium rate—the prevailing interest rate when supply equals demand—for intermediate US Treasuries should be higher and likely will move higher—eventually.

QE Train Arrives at Eurozone—Finally

QE Train Arrives at Eurozone—Finally

The European Central Bank's (ECB's) plan to purchase €1 trillion in bonds ... demonstrates that the ECB not only talks, it also acts, which is important for market psychology.

2015 Investment Outlook: Reasons We Still Like Global Equities
Alternatives

2015 Investment Outlook: Reasons We Still Like Global Equities

We continue to favor equities in emerging Asia over emerging Latin America due to what we view as stronger corporate fundamentals and attractive valuations.

2015 Investment Outlook: US Economy May Be Poised for Further Growth

2015 Investment Outlook: US Economy May Be Poised for Further Growth

We believe we are on the cusp of many new products that will change our lives and how we communicate with one another in ways that are difficult to imagine today.

Investment Outlook 2015: Five Reasons Why the Eurozone May Surprise Naysayers

Investment Outlook 2015: Five Reasons Why the Eurozone May Surprise Naysayers

A consensus is growing among market watchers that the euro will likely weaken further versus the US dollar in 2015. I usually don't like to agree with the consensus, but this time, I have to admit that the momentum for the euro appears to be downward.

Income-Seeking Australians Search for Yield

Income-Seeking Australians Search for Yield

Instead of chasing yields or returns, bond investors, in our view, should pause and consider how to best construct an investment strategy with the goal of delivering optimal risk and returns to better complement their overall portfolios.

2015 Investment Outlook: US Credit Cycle Tiptoes into Middle Age

2015 Investment Outlook: US Credit Cycle Tiptoes into Middle Age

In our view, companies' generally slow and steady approach to spending and expanding has delayed the US economy's progression through the credit cycle.

Weak Euro, Structural Reforms Key to Eurozone Recovery in 2015

Weak Euro, Structural Reforms Key to Eurozone Recovery in 2015

The euro is finally starting to weaken against other major currencies, and we think this weakness should provide an important boost for the eurozone’s exporters, which include not only Germany, but Belgium, the Netherlands, Luxembourg and Italy as well.