Outlooks – Page 70
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White papersValue and multi-factor equity investing – When value spreads compress
With value spreads now at levels last seen at the peak of the tech bubble in 2000 [1], we expect spreads to narrow in the coming years. That bodes well for value and multi-factor equity strategies irrespectively of their level of sophistication.
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White papersFranklin Templeton Investment Solutions: Allocation Views
With a continued theme of ‘Strong Cyclical Rebound in Global Growth’, our Franklin Templeton Investment Solutions team retain a long-term optimistic perspective, including the view that inflation is unlikely to be problematic; and swift policy changes held off.
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White papersAsset Class Return Forecasts - Q2 - 2021
With vaccination programs worldwide well underway, the spotlight has shifted now to the nature of the economic recovery.
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White papersUp, Up, but Not (Run) Away Inflation
The latest round of euro area lockdowns caused less damage than initially feared. Earnings on both sides of the Atlantic continue to beat expectations amid the favorable economic backdrop. Meanwhile, in China, PMIs suggest that the growth driver may be shifting.
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White papersGlobal Asset Allocation Viewpoints 2Q 2021: Investing through the pandemic
The first quarter launched 2021 on a positive note. Risk markets ignored short-term economic setbacks and outperformed in anticipation of additional fiscal stimulus and widespread vaccine distribution.
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White papers“Principled Investing” What it means and why it matters?
“Principled Investing” broadens the definition of fiduciary. It encompasses the Principal Global Equities’ culture, team structure, investment beliefs and process disciplines, including our evolving approach to Environmental, Social and Governance (ESG) investing. It is a fitting two-word summation of our purpose and mission to improve client outcomes.
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White papers4 reasons why US debt may not spin out of control
Is surging US debt sustainable, or will it spin out of control?
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White papersMarket Scenarios and Risks - May 2021
We note progress on the vaccine front despite logistics and side effects issues. In our central scenario, equities outperform on the back of abundant liquidity, improving fundamentals and accommodative monetary policy.
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White papersA deep dive into ECB stimulus and its support for Euro fixed-income markets
March saw ECB increasing its PEPP purchases and injecting higher than expected liquidity through a successful TLTRO tender.
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White papers5 Growth Themes Shaping the Future
New technologies can unleash a cascade of growth across multiple industries, and we expect a number of growth themes to gain the attention of investors in the decade to come. Here are five of them.
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White papersREITS and Rates
History suggests that real estate securities can be an attractive investment if you expect inflation and rates to go higher.
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White papersPost-Crisis Investing for the Long Haul
After a series of unprecedented events in the global economy, triggered by the COVID-19 financial crisis, investors and economists alike may see themselves at quite an inflection point in the markets.
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White papersInflation: Preparing your portfolio for the surge
After falling to almost zero during the height of the COVID-19 pandemic, the rate of U.S. inflation is on the rise. To navigate the current market environment, today’s investor must understand how quickly the United States economic recovery will generate inflation, how long that inflation will be sustained, and what investment implications follow.
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White papersPodcast: Expectations for Economic Growth, Rates and Inflation
Multiple leadership and diverse views steer how we invest in our global economy.
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White papers2021 Recovery to continue and beat potential
We confirm the financial “recovery regime” as a central scenario (with a 70% probability) for the next 12 to 18 months, with growth and macro determinants remaining paramount.
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White papersThe end of the Great Moderation and the return of volatility
Since the mid-1980s, the macroeconomic volatility has declined to a postwar low.
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White papersPausing for Breath on ‘Peak Growth’
Rates of change in economic data may be hitting their peaks, but that need not preclude more long-term upside for risky assets.
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White papersFive key themes in energy credit
In credit markets, energy was one of the most volatile sectors in 2020, with oil futures trading in negative territory for some time.
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White papersA Few Sparks & Lots of Smoke—But Still No Sign of a Fire
As investors search for signs of uncontrolled inflation, it’s hard to see anything more than you’d expect in a strong cyclical recovery.
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White papersStill Searching for (Lasting) Inflation
Markit flash PMIs suggest European economies are improving. In the U.S., stimulus and reopenings drove the composite PMI to a record high, and consumer confidence is rising sharply. Elsewhere, the BOJ revised growth projections higher amid strong external demand.
