All United States articles – Page 31
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White papers
On My Mind: The Fed Takes the Red Pill
The Fed struck a hawkish tone at its latest meeting, but Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai believes it still underestimates how far rates will likely need to rise—and so do the markets.
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White papers
The Uncharted Greenspace in Small-Cap ESG
Why small company ESG investing presents an opportunity, and how ESG analysis helps investors become better stewards of client capital.
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White papers
War, Inflation, and Markets
Investors appear to be refocusing on pre-war concerns about economic fundamentals—but finding that this horrific conflict has exacerbated them.
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White papers
Post liftoff investing: Adapting to a hawkish Fed
For more than a decade, investors have enjoyed supportive financial conditions. The Federal Reserve (Fed) has provided clear forward guidance, their balance sheet has expanded, and interest rates have remained low. For businesses, this has been an era of easy money for new projects, expansion, and mergers and acquisitions (M&A). For everyday individuals, rates on mortgages and personal loans have been attractive, boosting home prices and debt levels. All in all, this has driven a long period of steady economic growth and healthy returns.
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White papers
15-16 March FOMC review: we have full throttle lift off
On 16 March, the Federal Reserve hiked the fed funds rate by 25bp, to 0.25-0.50%, the first rate hike in four years. The Fed decision was widely expected and probably the most telegraphed rate hike in recent memory. However, the meeting’s statement and accompanying SEP offered some hawkish surprises.
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White papers
Fed Ready to Tighten the Screws on Inflation
The Federal Reserve raised its benchmark interest rate by 25 basis points this week. The central bank also signaled that it’s likely to keep raising rates at every meeting well into the second half of the year, and made it clear that it will start paring its balance sheet soon.
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White papers
The Fed to Markets: We Got This
The Federal Reserve’s announcement at the end of its FOMC meeting on March 16, 2022 surprised on the hawkish side, with the updated projections for the Fed funds rate signaling that it is “all in” on the fight against inflation.
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White papers
Fixed Income Amid Inflation
What does the current inflationary environment mean for multi-sector fixed income portfolios?
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White papers
On My Mind: The US Dollar and the Retreat from Globalization
Russia’s invasion of Ukraine, with its tragic human toll, likely marks a turning point for the geopolitical and global economic order. A lot has been written on the many aspects of this war. In this note, I want to focus on two key economic questions: firstly, the implications for the US dollar’s status as dominant reserve currency and, secondly, the implications for the pace of the energy transition.
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White papers
Upcoming: 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.
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White papers
Value Can Potentially Outperform Even if Growth Slows
We believe value is likely to outperform growth over the coming years—and threats to economic growth from inflation, rate hikes and geopolitical risks do not change our view.
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Asset Manager News
PGIM Real Estate closes 3 key deals for more than $222M in core plus lending
NEWARK, N.J., March 11, 2022 – PGIM Real Estate has provided more than $222 million in core plus financing on behalf of two investors. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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White papers
Short Duration High Yield: Replacing Rates Risk With Credit Risk
Short-duration high yield could be an under-explored option for investors who need current income to meet short-term liabilities, but cannot afford the interest rate risk that would accompany a search for yield in longer-dated bonds.
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White papers
Back to Basics: Commodities and Radical Uncertainty
When facing uncertainty in the markets, we find it helpful to frame our thinking within the four quadrants made popular by U.S. Secretary of Defense Donald Rumsfeld: known knowns, known unknowns, unknown knowns, and unknown unknowns.
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Rising 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.
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White papers
Is Brazil Compellingly Out of Sync?
The Russia-Ukraine war has led to a surge in commodity prices, which means Brazil, a key commodity exporter, stands to benefit. Here, Dina Ting, Head of Global Index Portfolio Management, Franklin Templeton Exchange-Traded Funds, explores the outlook for Brazilian equities in light of recent events.
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Asset Manager News
GTIS 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.
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White papers
An 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.
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Investing in natural capital
Investments in sustainably managed timberland and farmland can play a vital role in improving the world’s natural capital while allowing investors to benefit from long-term global trends that will help them achieve their investment objectives.
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