Beyond Bulls & Bears

Earnings Growth Underpins Our Solid Outlook for European Equities
Equity

Earnings Growth Underpins Our Solid Outlook for European Equities

Some investors seem to be questioning whether there’s still room for additional growth in European equities, particularly if interest rates start to rise. However, Templeton Global Equity Group’s Dylan Ball suggests labour reforms across the continent should give many firms the operating leverage they need to drive further earnings growth during 2018.

Why Europe’s Earnings Rebound Could Offer a Fillip for Active Value Investors
Equity

Why Europe’s Earnings Rebound Could Offer a Fillip for Active Value Investors

"We see signs that European companies are beginning to return to corporate earnings growth. We expect to see fundamentals reassert themselves at the heart of investment decisions. And against that background, we believe investors with exposure to European equities via a passive approach shift to active strategies.” – Dylan Ball, Templeton Global Equity Group

Navigating an Uncertain Second Half
Equity

Navigating an Uncertain Second Half

Receding political anxiety and a gathering economic recovery in Europe helped global equity markets advance in the first half of 2017. Yet Templeton Global Equity Group’s Cindy Sweeting and Tony Docal say investors should be somewhat cautious in the second half of the year. They believe rich stock valuations and shifting central bank policies could lead to bouts of volatility.

Value Update: Where Is the Next Pocket of Opportunity?
Equity

Value Update: Where Is the Next Pocket of Opportunity?

"As the anticipated value rally gains steam, we think non-US stocks should begin to benefit. Like the value universe a year ago, non-US equities today look to us to be undervalued, under-owned, and exposed to positive catalysts, including improving corporate fundamentals, economic tailwinds and political and policy support.” - Templeton Global Equity Group

Stock-Market Value Hunting—and a Potential Post-Election Outcome
Equity

Stock-Market Value Hunting—and a Potential Post-Election Outcome

When looking at various countries or regions where we invest, we consider emerging markets as representing a disproportionate amount of where equity value exists today after several years of underperformance relative to developed markets.

On January Barometers and Market Bargains

On January Barometers and Market Bargains

We are now witnessing historic extremes in the discount afforded to value relative to growth, quality and safety. While this environment has been (and may remain) painful for some time, the eventual normalization of these extremes represents the most compelling opportunities in equity markets today.

A Year for Value?

A Year for Value?

While stocks are certainly vulnerable to near-term volatility, we think the asset class globally remains well positioned for long-term performance potential.

Finding Value in Volatility
Equity

Finding Value in Volatility

As the US Federal Reserve Board attempts to begin raising rates, we see a potential catalyst for a value recovery over our long-term investment horizon.

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.

Has Europe’s Recovery Story Turned Back a Page?

Has Europe’s Recovery Story Turned Back a Page?

If anything, recent weakness—particularly compared to the relative strength of the US market—has only served to strengthen the value case for European equities, in our view.

Actively Managing for a Less-Correlated World

Actively Managing for a Less-Correlated World

I think there has recently been a movement away from just a one-decision trade, where investors are simply reacting to moments of panic or euphoria, into a place where it is more possible to make rational decisions based on fundamentals.

Going Against the Grain, Again

Going Against the Grain, Again