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Sticking With Stocks Amid a Mixed-Bag Recovery
CIO Equity US Scott Migliori sees higher volatility and potentially a pullback before the end of the year, particularly as the Fed’s interest-rate decision comes into focus. But stocks remain the most attractive option for investors amid conflicting data.
The Sum of Patience and Prudent Diversification
CIO Multi Asset US Steve Sexauer’s mid-year outlook highlights a continuation of financial repression, rising valuations and three possible paths for the economy. Coping with market and policy uncertainty will require both discipline and diversification.
A Fed-Fueled Market, for Better or Worse
CIO NFJ Ben Fischer delivers his 2014 mid-year outlook, focusing on the end of the Fed’s bond-buying program and how high-quality, dividend-paying stocks should respond when QE is eliminated.
Credit Statistics Continue to Support High Yield
CIO Fixed Income US Doug Forsyth says limited expected market volatility, low interest rates and modest economic growth are three key drivers of a positive long-term outlook for the high-yield bond market.
India, Indonesia Bonds Showing Strong Potential
Despite last year’s currency rout in India and Indonesia, proactive government actions are turning things around, says David Tan. Factor in solid ratings and high yields, and their sovereign bonds and currencies could be an attractive play.
What Happened to Momentum Stocks?
Despite the recent and broad-based underperformance in momentum stocks, Co-CIO Systematic Equity Klaus Teloeken says there are no clear underlying fundamental causes, so there’s no need to expect these names will suffer for long.
Back to the Future
To some market watchers, the global economic recovery is on the same disinflationary path as Japan in the ’90s. But Global CIO Andreas Utermann highlights critical differences between then and now, including speedy accommodation from central banks.
Garment Manufacturing Still Going Strong in Asia Despite Safety Concerns
While safety issues in Bangladesh and Cambodia’s garment-manufacturing industries have raised concerns, cost savings and taxes will still drive business, according to GrassrootsSM
Research analyst Joey Wong.