Co-Portfolio Managers Eileen Riley and Lee Rosenbaum describe their process ahead of Lee’s visit to Australia in September 2019 and discuss what they’ve learnt from working together for more than a decade.
Craig Burelle, Macro Strategies Research Analyst16 August 2019
Global economic activity indicators are signalling that the manufacturing-driven slowdown has not yet run its course. However, we remain optimistic that activity will pick up in the latter half of 2019 without a recession in the US or China. Read on for a visual snapshot of growth themes across the globe.
Passive investment has grown sharply over the past decade as many investors switch to lower-fee index funds. Meanwhile, many active managers have struggled to keep up with rising global markets, with major benchmark indices at or near record highs. Given this ongoing trend, this article answers the questions: Are there any market inefficiencies left for active fund managers to exploit?
"Core" PCE[1] inflation year over year eased from a recent high of 2.04% last July to 1.55% in March. This easing has made some market participants speculate that the US Federal Reserve will ease up on monetary policy. However, there’s more than one way to measure inflation.
[1] Personal consumption expenditures (PCE), or the PCE Index, measures price changes in consumer goods and services. Expenditures included in the index are actual US household expenditures.
Craig Burelle, Macro Strategies Research Analyst16 May 2019
The global economy appears to be heading out of a soft patch within its continued expansion. In the coming months, we expect a pickup in economic activity, stable global growth, moderate-to-low inflation pressure and accommodative monetary policy across most regions. Read on for a visual snapshot of growth themes across the globe.
