Equities
-
White papersU.S. Federal Reserve – a close call
The Federal Reserve (Fed) will begin its rate cutting cycle this Wednesday. Market expectations are split between a 25 basis point and a 50 basis point rate cut, as the decision is complicated by conflicting signals of solid economic activity but a weakening labor market. Rarely have market expectations been so torn, so close to a FOMC meeting.
-
White papersWill new reforms tackle the ‘Korea discount’?
South Korea’s new ‘Corporate Value-Up Programme’ aims to address the so-called ‘Korea discount’, which sees domestic companies trading at lower price-to-earnings multiples than their global peers.
-
White papersGlobal small caps: headwinds turning into tailwinds
Alan Rowsell, fund manager of the Premier Miton Global Smaller Companies Fund, looks at what has affected small caps around the world and whether the odds are in favour for a small cap resurgence.
-
White papersAllocation Views: Staying in the saddle
Potential volatility linked to the upcoming US election, alongside seasonality concerns, leads Franklin Templeton Investment Solutions toward a neutral allocation to risk assets.
-
White papersEmerging Markets Insights: All eyes on the Fed
In this issue, the Franklin Templeton Emerging Markets Equity team highlights a potential semiconductor earnings recovery and likely US and global interest-rate cuts as drivers of performance in emerging markets.
-
White papersLife Sciences: Four reasons why this out-of-favour sector deserves your attention
As headwinds subside, the Sustainable Global Equity team reveal why they believe investment into the Life Sciences sector looks compelling for the long term.
-
White papersIndia Strategies for Maximizing Returns
An active approach can help to manage the rich valuations of this growth market
-
White papersIndia: the emerging market outlier
Underlying economic factors make India an emerging market like no other.
-
White papersEurope better placed than America… and cheaper
In the US, weakening employment poses risks to both consumer expenditure and growth, while in China both the consumer and the property market are at risk. The European consumer is more confident, despite a tougher business environment.
-
White papersSummer rotation in equities
Global equities delivered strong performance this year on the back of resilient economic activity in the US and Europe. Some sectors such as technology outperformed the broader markets led by artificial intelligence-driven exuberance in the US. We are now witnessing signs of a broadening of this rally to other areas such as small caps, financials, that have lagged behind.
-
White papersOn pause: the one-way certainty of the market is over … for now
The macroeconomic backdrop is changing, or at least uncertain. This could shift the pricing of risk assets, but it won’t change what we do, which is look for stronger competitively advantaged businesses that fit our quality growth philosophy.
-
White papersHow equities and Treasuries performed in rate-cutting cycles
As we anticipate a potential US interest-rate cut in September, it’s important to consider the historical impact of rate cuts. When the Federal Reserve has cut rates during an economic expansion, history indicates both the equity and Treasury markets have the potential to perform well, says the Franklin Templeton Institute.
-
White papersAllocation Views: It’s tricky
Recent market volatility does not change a mostly supportive economic environment, in the view of Franklin Templeton Investment Solutions team, although moderate return expectations might be appropriate. Read their latest views about global investment allocations.
-
White papersEmerging markets in the new world order
The world order of the second half of the 20th century is being turned on its head. The shift should be positive for emerging markets and thus investors in EM debt.
-
White papersPrivate Equity Value Creation Series: Sustainable Investing Trends
Sustainable investing continues to prove a complex and multi-faceted topic. The number of regulatory requirements aimed at corporations and investors is massive and growing, often resulting in reporting fatigue. Impact management and measurement is an area gaining more concrete focus. And while still relatively nascent, social impacts (the “S” in ESG) are beginning to be more clearly articulated and systematically included in company sustainability frameworks.
-
White papersOur Thoughts on the Global Selloff
Portfolio Managers Shuntaro Takeuchi, Michael Oh, CFA, and Andrew Mattock, CFA, assess the reasons for the heightened volatility and sharp moves in global markets.
-
White papersEmerging Markets Insights: Small caps shine
In this issue, the Franklin Templeton Emerging Markets Equity team highlights a potential semiconductor earnings recovery and likely US and global interest-rate cuts as drivers of performance in emerging markets.
-
White papersUS economy worries pummel markets
Global stocks fell sharply at the start of the week, with Japan’s benchmark Topix index on Aug. 5 suffering its biggest one-day drop in more than three decades. European shares and U.S. stock futures also declined. Meanwhile Emerging Markets stock indices, mostly in Asia (Taiwan and South Korea), fell into the red and currencies that had benefited from high carry trades funded by the yen, such as those in Latin America, lost ground.
-
White papersBenefit from the EM story through India
“A favourable macro backdrop and a Fed close to cutting its policy rates are positive factors for emerging market assets.”
-
White papersGlobal Investment Views - August 2024
US mega caps significantly outperformed the rest of the US markets in the first half of the year, driven by better-than-expected economic activity, AI exuberance and superior earnings. Looking ahead, we see a potential for a rally-broadening, which will not be linear and is likely to have multiple legs.
