In our recent Virtual Roadshow, Investors Mutual Investment Specialist Peter McPhee discussed with Loomis Sayles Global Equity Fund Co-Portfolio Managers Eileen Riley, CFA and Lee Rosenbaum the fundamentals of their investment approach, and the portfolio managers answered questions from roadshow attendees.
Tom Fahey, Senior Global Macro Strategist31 October 2020
US politics seem more polarised than ever. President Donald Trump and former Vice President Joe Biden are running on decidedly different platforms, as are the Republicans and Democrats fighting for congressional seats in their home states. But we’ve seen a common ground emerge: there have been indications that both political parties may be willing to tolerate bigger budget deficits to stimulate economic growth.
Craig Burelle, Macro Strategies Research Analyst14 October 2020
Economic activity rebounded sharply over the third quarter, pushing the global economy out of the downturn phase of the credit cycle. We believe the economy is now in credit repair, which is a progressive but still-volatile phase of the cycle. We believe risk assets can deliver positive excess return potential in this environment, especially if monetary and fiscal policy remain supportive.
Consumers are traditionally the engine of the US economy, and I believe consumer confidence is an important indicator of consumer intentions. The August reading of the Conference Board’s Consumer Confidence Index suggests that consumers are not feeling optimistic.
Craig Burelle, Macro Strategies Research Analyst31 August 2020
We believe the global economy appears to be working its way out of a deep recession. High-frequency data and economic indicators are signaling improvement in economic activity, and many governments remain supportive through fiscal and monetary policy. While a resurgence of COVID-19 remains a serious risk, we are finding reasons to be optimistic. Read on for a visual snapshot of GDP growth around the globe.
Celeste Tay, Senior Sovereign Analyst28 August 2020
US-China relations are built on a fragile web of complex issues. Recently, we’ve seen headlines about technology, sovereignty and human rights flare up, and the Phase 1 trade deal review has been delayed indefinitely. Here, I review these flashpoints and how they could affect US-China relations.
Craig Burelle, Macro Strategies Research Analyst25 August 2020
The global economy is transitioning from the downturn phase of the credit cycle into credit repair. Growth is weak but stabilising and policy accommodation has been prevalent on both the monetary and fiscal side. The breadth and severity of the virus will remain critical factors throughout 2020 and into next year. However, we believe the worst is behind us.
The Loomis Sayles Global Equity Team14 August 2020
Co-portfolio managers Eileen Riley and Lee Rosenbaum highlight the way they identify ideas, manage risk and build portfolios to reflect a ‘go anywhere’ approach to investing without constraints across regions, sectors and market capitalisation to pursue opportunities wherever they can find them.
The team behind Loomis Sayles Global Equity Fund, Co-Portfolio Managers Eileen Riley, CFA and Lee Rosenbaum, construct portfolios on a company-by-company basis, centred on bottom-up fundamental research and a long-term perspective. This approach enables the team to focus on the merits of individual companies, rather than chasing themes or forecasting economic conditions.
