Beyond Bulls & Bears

Templeton Global Macro: An Update on our ESG Scores
Fixed Income

Templeton Global Macro: An Update on our ESG Scores

Templeton Global Macro evaluates environmental, social and governance (ESG) factors in its macroeconomic research process and describes the process of codifying the team’s research discussions into quantifiable scores.

Spotlight on Brazil
Emerging Markets

Spotlight on Brazil

Brazil’s middle class has expressed a clear desire for greater transparency and for an economic policy framework that can bring back robust growth in living standards. We believe this will act as a powerful incentive for Brazil’s policymakers to push forward with structural reforms, including improvements to the business environment.

Emerging Markets: Mapping the Opportunities
Emerging Markets

Emerging Markets: Mapping the Opportunities

Perhaps the most important step that emerging markets have taken to reduce their vulnerability to financial crises is the remarkable deepening of domestic financial markets over the past decade. In many countries, the development of a reliable domestic investor base has benefited from the rise of a broad middle class.

Global Macro Imbalances and Opportunities
Emerging Markets

Global Macro Imbalances and Opportunities

From a labor market perspective, we think it is hard to justify maintaining interest rates at zero or to pursue a negative-interest rate policy in the United States. We would argue the Fed should be raising rates sooner rather than later to avoid losing credibility.

There Is a Way Forward for Brazil
Fixed Income

There Is a Way Forward for Brazil

We see clear consensus among observers that reforms have to be done in Brazil, but there is only mild optimism about the political will to adopt even a very conservative reform effort ... It won’t be easy, but there is a way forward for Brazil.

This Is Not 2008

This Is Not 2008

The risk aversion across emerging markets appears to have reached a maximum state of unwarranted pessimism, in our view, and we see a vast set of valuation opportunities amid the volatility.

New Year’s Vantage Point: Mark Mobius

New Year’s Vantage Point: Mark Mobius