Global Perspectives

Portfolio Managers Dan Siluk and Jason England discuss how investors can navigate the short-duration opportunity set within fixed income now that bond yields have returned to attractive levels.

The semiconductor industry has swung from supply shortages to an inventory glut, creating volatility for the stocks. Research Analyst Shaon Baqui offers perspective, saying investors may have to put up with volatility in the near term but that long-term growth drivers and industry rationalization are shaping an attractive future for semis.

Consumers face a complex environment, from rising interest rates to pent-up demand. Even so, Research Analyst Josh Cummings, who leads the Consumer Sector Research Team, says U.S. households remain resilient while at the same time many companies have taken steps to improve operations and facilitate growth.

Portfolio Managers Greg Wilensky and Jeremiah Buckley join Adam Hetts, Global Head of Portfolio Construction and Strategy, to provide timely updates on both the US bond and equity markets, as well as some silver linings hidden in a turbulent year for both asset classes.

A diversified portfolio of 60% stocks and 40% bonds has not provided the buffer it normally does against market volatility in 2022. But that’s not a reason to give up on markets, says Adam Hetts, Global Head of Portfolio Construction and Strategy. In this discussion, he explains ways to help fortify investment portfolios for the current environment and why it’s so important to stay invested.

Portfolio Manager Nick Childs and Securitized Products Analyst Tom Polus discuss the reasons why they believe mortgage-backed securities have been sold off disproportionately, and if that might be a good thing going forward.

Even as biopharmaceutical firms continue to deliver exciting medical advances, the sector’s performance has been mixed this year, with some firms negatively impacted by rising rates, clinical trial setbacks and regulatory uncertainty and others benefiting from strong free cash flows. Portfolio Manager Dan Lyons and Research Analyst Luyi Guo explain how investors might gain exposure to the sector’s secular growth opportunities, while minimizing downside risks. 

With demand for electric vehicles (EVs) rising exponentially, the next big hurdle for the nascent industry is supply. Research Analyst Chris Benway says investors should stay focused on finding companies that can rise to the challenge. 

Head of Global Sustainable Equities Hamish Chamberlayne and Portfolio Manager Aaron Scully join Adam Hetts, Global Head of Portfolio Construction and Strategy. In this podcast they discuss key ESG factors influencing sustainable investing, including Russia, energy price inflation and the rotation away from growth equities, alongside the longer-term structural opportunities generated during current market volatility. 

On this episode of Research in Action, Director of Research Matt Peron is joined by Research Analyst Chris O’Malley to discuss rising commodity prices. The Russia/Ukraine crisis has been a major driver of price spikes in recent months, but for some commodities, such as copper, structural dynamics could keep prices elevated for longer and drive revenue growth. Investors who are underweight the sector should take note.