All North America articles – Page 7
-
White papersUpcoming: Principal Speaker Series – A conversation with Dr. Lawrence H. Summers
Join us as we welcome Dr. Lawrence H. Summers, former U.S. Secretary of the Treasury, immediately following the pivotal March FOMC meeting. Seema Shah, Managing Director, Chief Global Strategist at Principal Global Investors, will host a timely and engaging conversation on the state of the U.S. economy, the Federal Reserve’s response, and how investors can prepare for the volatile period ahead.
-
White papersRising Rates - REITS poised to perform well
As is the case with most income-oriented stocks, REITs are typically hit hard when central banks begin talks of raising interest rates. This is due to investors views on how the higher interest rates will impact a REIT’s cost of capital.
-
Asset Manager NewsGTIS Partners Closes on Build-to-Rent Project in Tampa
GTIS Partners LP (“GTIS”), a real estate investment firm that manages over $4.3 billion in gross assets with a focus on residential and industrial investments, today announced its closing on River Landing, a 72-acre site that will be developed into an approximately 260-unit build-to-rent (“BTR”) community.
-
White papersAn Equity Outlook: Are Stocks the Biggest Real Asset Out There?
It may be easy to take a bearish stance on equities today, but there’s a case for stocks to generate positive real returns on a strategic basis going forward. High household equity allocations may actually be warranted, elevated valuations don’t necessarily spell doom, populist pressures on earnings growth are surmountable and falling correlations within the equity market create more “potential energy” for active management to add alpha.
-
White papersStaying Invested Today: Resiliency in the face of tightening
Financial markets have had an extremely rocky start to 2022. After a month of trading, several major global equity market indices have fallen into correction territory—a drop of 10% from their recent all-time highs—as investors adjust expectations in the presence of United States Federal Reserve (Fed) tightening, elevated inflation, and softening economic growth.
-
White papers25-26 January FOMC review: giving the all clear for March hike
With its two criteria having been met (price stability and full employment), the Fed indicated that the start of the rate normalisation cycle is soon. The Fed probably avoided referring to the next meeting scheduled in March to give them optionality should external events have a detrimental impact on growth.
-
White papersJeromicron: Markets Face a One-Two Punch
Preliminary Markit PMIs in the U.S. show Omicron weighed on consumer demand, labor supply, and supply chain disruptions in January. The composite PMI fell from 57 to 50.8—its lowest level in 18 months; declines were seen in services and manufacturing.
-
White papersWhere Are U.S. Rates Going?
It is widely believed that the mainstream FOMC members, which includes Fed Chair Jerome Powell, belong in the dove camp. With global PMIs peaking, a tightening of monetary and fiscal policy are headwinds for the strong recovery.
-
White papersSpectrum 2022 Outlook
We expect a slower pace of growth in 2022 due to monetary tightening and reduced fiscal policy support.
-
White papersInflation, central banks and rising rates – Q&A with Andrew Cormack
It feels as though US policy makers have spent the entire post-global financial crisis period trying to generate inflation. Now that it’s here, it seems like the wrong kind of inflation. How do you see inflation playing out in the US?
-
Asset Manager NewsGTIS Partners Closes on Third Build-to-Rent Project in Phoenix MSA
GTIS Partners LP (“GTIS”), a real assets investment firm that manages in excess of $4 billion in gross assets with a focus on residential and industrial investments, today announced closing on Cotton Lane, a 13-acre site fully-approved for 144 build-to-rent units, located in Glendale, AZ.
-
White papersUS Stocks: Enduring Advantages for Testing Times
After three supercharged years for US equities, many investors wonder whether the market still has fuel for 2022. While higher valuations warrant caution, we believe a carefully chosen allocation can capture advantages inherent to the US market that underpin solid long-term return potential.
-
White papersCentral banks: a successful hawkish turn
The three major central banks issued restrictive signals last week. The banks have succeeded in changing the course of their monetary policies without harming the markets.
-
PodcastInvestment Symposium Series – Olivier Blanchard on US inflation…
In this time of profound change for societies, economies, and cultures, our goal is to provide investors with thought leadership on the factors shaping our age of transformation and the impact for financial markets and investing.
-
White papersFixed income outlook: Is the market overly hawkish?
After the bond bear market of 2021, valuations look more attractive in an environment where interest rate rises may already be priced in.
-
White papersFed officials’ discomfort is growing with the inflation overshoot: why it will remain cautious
US consumer prices jumped by 6.2% in October, their highest level in 30 years! Deteriorating inflation data have pushed markets towards forecasting a faster pace of tapering and a more rapid removal of accommodation in 2022. We expect the Fed to act gradually as Covid remains a major risk and as the Fed would like to see a higher participation rate.
-
White papersWhat Rhymes With “Transitory”?
The search continues for a word that describes inflation that will not derail the recovery.
-
Research ReportPIMCO Prime Real Estate: U.S. Multi-Family Spotlight
The U.S. residential rental sector will attract increasing international capital buying into trends accelerated by the pandemic. These include U.S. domestic migration to the Sun Belt and suburbanization within cities. The sector has also retained its inherent strengths: markets are large and liquid, and residential improves institutional portfolios’ resilience to volatility and risk-adjusted returns.
-
White papersFed tapering begins: mission accomplished
The Federal Open Market Committee (FOMC) appears to have struck a neutral balance in its November 3 meeting statement and Chair Jerome Powell’s post-meeting press conference. The Fed was careful to differentiate the formal start to monthly tapering of the asset purchase programme with future adjustments to the Federal Funds Rate. The Fed maintained the transitory inflation language, but specifically pointed to inflation “factors that are expected to be transitory” rather than inflation as a whole.
-
White papersRecovery Gathers Further Momentum
The U.S. property market recovery continues unabated in the current economic climate. The Barings Real Estate team weighs in.
