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Central Banks to Stay Looser for Longer
Global CIO Andreas Utermann discusses his economic outlook for 2014, including the role of central banks in shaping capital markets, the effects of a prolonged period of financial repression and the risks and opportunities for investors.
Optimism for Risk Assets, Caution on Duration
CIO Fixed Income US Doug Forsyth says Fed tapering is one of several positive signals for the economy that should give companies confidence. Investors should be optimistic about risk assets in 2014 but cautious about longer-duration bonds.
The Haves and the Have Nots
CIO Equity US Scott Migliori’s 2014 outlook calls for moderate growth, an accommodative Fed and a stock-picker’s market, favoring areas of the economy that are insensitive to growth.
A Flight to Quality
CIO NFJ Ben Fischer delivers his 2014 outlook, focusing on the Fed’s tapering of its bond-buying program and how high-quality, dividend-paying stocks should respond.
The Fellowship of Central Bankers
CIO Multi Asset US Steve Sexauer’s 2014 outlook explores the shared economic philosophies underlying central-bank policies, which are driving markets globally. Expect more growth, more balance-sheet repair and more financial repression.
Emerging-Market Debt’s Silver Lining Still Shines
Despite taper talk, the medium- and long-term outlook for emerging-market debt remains bright, says Greg Saichin, CIO Global Emerging Markets Fixed Income. Young populations, urbanization and infrastructure provide a solid rationale to invest.
Gaming in Macau Looks Like a Good Bet
Raymond Chan, CIO Equity Asia Pacific, believes the growth of gaming in Macau may be both a boon for investors and a sign of China’s gradual transformation from an export-led to a consumer-driven economy.
Deconstructing the Mechanics and Market Implications of Financial Repression
Governments around the world are using financial repression to reduce their debt burdens—but their success comes at the expense of savers and investors. Download our white paper to learn how financial repression works and how to combat it.
Short-Duration High-Yield Bonds: An Attractive Solution for a Low-Yield, Rising-Rate Environment
Treasuries aren't providing enough yield for today's investors—but high-quality short-duration high-yield bonds provide income, hold up well when rates rise and can help reduce volatility. Download our white paper to learn more.