Beyond Bulls & Bears

Why the Indian Equity Market May Need to Swallow a Bitter Pill
Equity

Why the Indian Equity Market May Need to Swallow a Bitter Pill

A slew of government reforms may have disrupted the Indian stock market in the short term. However, Sukumar Rajah, managing director and chief investment officer, Asian Equity, believes those reforms and a growing Indian middle class could present opportunities for long-term investors.

Uncharted Terrain: Today’s Global Market Drivers
Perspectives

Uncharted Terrain: Today’s Global Market Drivers

Despite some uncertainties, economic improvements in developed and emerging markets have supported a positive mood across both equity and fixed income this year. However, with some risks on the horizon, many investors are wondering whether the tide may turn. Against this backdrop, Franklin Templeton’s senior investment leaders discuss where they see opportunities and risks ahead.

Three Worries About Australia’s “Big Four” Banks
Equity

Three Worries About Australia’s “Big Four” Banks

Despite some hand-wringing by observers, we believe banks will be able to use dividend reinvestment programs and retained earnings to shore up their capital levels, and likely won’t need to build up reserves by selling additional shares, as many have done in the last 12 months.

Australia and Higher US Interest Rates
Fixed Income

Australia and Higher US Interest Rates

Market watchers have long anticipated the (US) Fed’s move, but the reality of a world confronted with higher interest rates may present a significant test for many investors.

UK Equity Outlook: Headwinds and Tailwinds
Equity

UK Equity Outlook: Headwinds and Tailwinds

We are hoping that some of the spill-over effects of the extraordinary monetary policy in place in economies across the world, coupled with the passing of time, will inject a little bit of pizzazz into the equity markets this coming year.

Note to Central Banks: Equity Markets Are Not Your Problem
Equity

Note to Central Banks: Equity Markets Are Not Your Problem

At some point, I believe we need to disengage from stimulus spending. If world economies can only survive if they are given cheap money—and tons of it—in my view it would mark the failure of the market economy.

Finding Positives in a ‘Lower for Longer’ Environment
Equity

Finding Positives in a ‘Lower for Longer’ Environment

Even if we do see interest rates rise in the United States and/or the United Kingdom—possibly before the end of this year—it doesn’t necessarily mean equity investors should panic, because we think it is something that can be absorbed.

Are European Profits Poised for a Comeback?

Are European Profits Poised for a Comeback?

I believe the positive (earnings) trend will continue due to a handful of macro factors including labour reforms, lower borrowing costs and, especially, the depreciated euro, which all could help companies grow their profits.

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.