Focusing on Quality in a Mid-Cycle Market
U.S. equity markets continue to set new highs, powered by an increasingly narrow group of stocks. Setting aside the cognitive dissonance-inducing earnings impacts from the pandemic and subsequent recovery, stocks continue to look expensive vs. their long-term earnings power. With leading economic indicators such as the 10-year Treasury yield, the ISM-Manufacturing PMI index, and upwards earnings estimates revisions all peaking in April, advisors are asking:
Are we seeing a rotation from growth-oriented cyclical stocks to higher-quality defensive names? If so, how can we find value opportunities for our clients among expensive U.S. equities?
Eric Lynch, Managing Director of Scharf Investments, will share his thoughts on today’s markets and discuss why quality matters and where compelling valuation opportunities exist both in the U.S. and abroad.
Stocks and Bonds Too Risky? Explore the Third Alternative: ASYMmetric Returns
With the equity market trading near record highs and bond yields near historic lows, explore how we think a third alternative – ASYMmetric returns – may be able to help de-risk your portfolios.
Beyond China—Asian Investment Opportunities in India & Japan
China steals a lot of the limelight in Asia, but there are two other major economies in the region: India and Japan. This interactive webinar will going to take a look at the investment opportunities for these two, very different, but influential Asian markets with portfolio managers James Thom of The India Fund, Inc. (Ticker: IFN) and Kwok Chern-Yeh of The Aberdeen Japan Equity Fund (Ticker: JEQ). Join us and learn more about how exposure to India and Japan can help enhance a diversified investment portfolio.
Q3 2021 Market Perspectives: "A Global Shift"
After beginning the quarter on a relatively upbeat note, familiar themes returned as fears of inflation, ambiguity over the end of the pandemic, and uncertainty about the future of Chinese capitalism raised concerns for investors.
Monday Morning Outlook: Respect Millennials
Politics today is in large part about pitting one group against another and convincing one side they've been treated unfairly. One of those groups is the younger generation of workers known as Millennials, who are supposedly up to their eyeballs in debt and lagging well behind prior generations.
Investors in "Green" Bonds Face Lower Returns
New research shows that corporate bonds issued by companies with good ESG practices trade with smaller spreads. That is good for those companies, as it lowers their cost of capital. But it means that investors’ returns will be less than for non-green bonds.
What Is Shadow Inflation? It Could Be More Prevalent Than You Realize
We’re all familiar with inflation. But did you know there’s another form of inflation that’s just as corrosive on our purchasing power and yet is nearly impossible to measure? Read on to learn more.