Why Things Aren’t What They Used to Be in Emerging Markets
The prospect of stabilizing commodity prices and improving corporate earnings has helped rebuild investor interest in emerging markets over the past year. But returning investors may find the constituents of today’s emerging markets are very different from those of the past.
Four Approaches to Responsible Investing
Responsible investing means different things to different people. There are pros and cons to each method of incorporating environmental, social and governance factors into investment portfolios.
"Blue Skies" Thinking in China
The Chinese leadership is now promising “to make our skies blue again” in a popular move to address an issue that has given rise to public protests across China against the industrial smog that blights so many cities. The solution to a pressing economic problem is now linked to an emotive popular issue.
Middle-Class Wage Stagnation Is a First-World Problem – The World is Getting Richer
A common lament during the presidential campaign was over middle-class income stagnation and the wealth of the top 1%. But are most people getting poorer while the rich get richer? In a sparkling – and delightfully short – new contribution to the econo-optimist genre, Johan Norberg, author of Progress: Ten Reasons to Look Forward to the Future, emphatically answers “no.”
America’s New Emphasis on Fiscal Policy
Investor exuberance is being supported by proposed fiscal policy such as lower corporate taxes, deregulation and historically large budget cuts to help finance the rebuilding of the nation’s infrastructure and military.
The Current State of the US Utilities Sector
US equities have generally been supercharged in the wake of the presidential election, but the utilities sector’s relative performance has dimmed instead.
Emerging Markets Can Trump US Policy Rhetoric
We believe the consensus view of a Trump presidency translating into a blanket “stay clear of ” investing in emerging markets is overly simplistic. Our analysis of President Trump’s proposed policy of trade protectionism suggests that the impact on emerging markets is more nuanced – the vulnerability of these markets is significantly lower today than it was five years ago...
As China's Bond Markets Open, Investor Interest Grows
Regulators and policymakers in China have been enticing foreign investors with easier access to its bond markets – and David Tan, Asia-Pacific fixed-income CIO with Allianz Global Investors, says it’s working. Of particular interest are green bonds: China has become the third-largest issuer and we expect continued growth in this area.
Can Trump's Economic Plan Jump-Start GDP Growth?
President Trump promises that his economic plan, if enacted, will result in 3-4% annual GDP growth. Yet I get the feeling most Americans don’t understand Trump’s economic plan. Maybe that’s because the mainstream media has criticized it at every turn, even though similar plans have jump-started the economy in the past – think Ronald Reagan.
This Natural Gas Opportunity Is Years in the Making
This week I was in beautiful Argentina with a diverse team of investors and mining executives. Together we toured various natural gas and crude oil mining projects in Tierra del Fuego, Mendoza and Santa Cruz, where we had the opportunity to speak with Governor Alicia Kirchner, elder sister to former Argentinian president Néstor Kirchner.
Will China’s Next ‘Four Modernizations’ Bring Good Fortune?
While China celebrates its Lunar New Year, the reform-minded President Xi is likely polishing up his next Five Year Plan, says Neil Dwane, Global Strategist for Allianz Global Investors. Perhaps he will put his own twist on a predecessor’s strategy and look to strengthen China in four key areas: agriculture, science and technology, defense and industry.
Investors Brace for a Storm of Uncertainty with Gold
Back in November, I wrote that domestic carriers are likely to see the new president—himself the former owner of the now-defunct Trump Airlines—as a strong partner in several key areas. Although a couple of airline CEOs have recently expressed strong opposition to some of Trump’s protectionist immigration policies, yesterday’s meeting appeared to be constructive, with the president telling the group he would soon be announcing something “phenomenal in terms of tax and developing our aviation infrastructure.”
Today's ESG Investing Is Not Your Father's SRI
Environmental, Social, Governance (ESG) is much broader than the Socially Responsible Investing (SRI) of the past.
Hoisington Quarterly Review and Outlook – 4Q 2016
The 2016 presidential election has brought about widely anticipated changes in fiscal policy actions.
Investors Shift Back into Gold as Trump’s Honeymoon Period Ends
After little more than two weeks, President Donald Trump’s honeymoon with Wall Street appears to have been put on hold—for the moment, at least—with major indices making only tepid moves since his January 20 inauguration. That includes the small-cap Russell 2000 Index, which surged in the days following Election Day on hopes that Trump’s pledge to roll back regulations and lower corporate taxes would benefit domestic small businesses the most.