First Eagle’s Global Fund (SGENX) is its flagship fund, with over $55 billion in assets. As of April 30, 2018, since inception (1/1/79), the Fund has returned 13.15% annually, versus 9.67% for the MSCI World Index. Over the last 15 years, it has been in the top 2% of its peer group. I spoke with its managers, Matthew B. McLennan and Kimball Brooker, Jr., on May 1.
So we headed to NYC early Thursday morning in search of the “Teenage Mutant Ninja Turtles.” After touching down at LaGuardia we climbed into a yellow taxi held together by duct tape, rode over potholed streets with our cell phone cutting in and out (gosh I love New York City), and arrived at Grand Central Terminal around 11:00 a.m.
Our current positioning reflects the following beliefs: Many of 2017’s positive economic tailwinds should continue in 2018, setting the stage for additional upside in stocks and other equity-sensitive assets, including convertible securities and high yield bonds.
Long viewed as a retirement savings vehicle, Target Date Funds (TDFs) are experiencing something of an identity crisis. For plan sponsors and participants alike, account balances are being eclipsed by income projections as a TDF’s key indicator of financial wellness in retirement says Glenn Dial, Head of Retirement Strategy in the US with Allianz Global Investors.
Here are the key takeaways from events and interviews for capital-growth investors during the past month. Focusing on strong companies with a competitive advantage offer opportunities, but it comes at a price.
Intensifying demand to have everything at one’s fingertips seems to be the driving force behind the innovation in technology, finance and even industrials.
Intensifying demand to have everything at one’s fingertips seems to be the driving force behind the innovation in technology, finance and even industrials. Franklin Equity Group’s Matt Moberg, vice president and portfolio manager, Franklin DynaTech Fund, observes a general shift in the technology industry to address evolving consumer needs.
In the news this week for capital-growth investors, infrastructure offers opportunities, while certain ETFs provide commodity exposure. Looking abroad, investors with a flexible approach can find pockets of opportunity with Asian credit.
What fundamentals are important for growth and which industries call for caution? Rapid growth in the ETF industry and a surge in multi-asset funds are among the current news for capital-growth investors.
The housing market evokes a strong, and often emotional, reaction. This is usually because vested interests (owners, investors, speculators, politicians, lenders, real estate agents and others) can’t bear to think of the consequences of a decline in house prices. Politicians constantly talk about making housing more “affordable” but, by definition, this means lower prices.