New UK Prime Minister Boris Johnson has vowed to deliver Brexit by the October 31 deadline, “do or die.” This will not be easy given that Johnson faces the exact same impasse that led to the downfall of Theresa May: The UK Parliament has rejected the withdrawal agreement that May struck with the European Union (EU), the EU has stated firmly that it will not renegotiate that agreement, and the majority of members of Parliament (MPs) remain opposed to the UK leaving the EU without a deal being agreed upon.
One of the biggest misconceptions about emerging market (EM) equities is that value opportunities are few and far between. This is not surprising, given EMs tend to be associated with high growth investing. Indeed, analysis of the EM equity investment universe (Figure 1) confirms this heavy bias, with 87% of all active money invested in either core or growth EM portfolios. Meanwhile, just 13% of all active money is invested in EM value strategies.
David Eiswert, who has managed the Global Focused Growth Equity Strategy since October 2012, recently discussed his investment career at T. Rowe Price, his approach to researching investment opportunities, and the importance the firm places on research and collaboration to serve clients well.
Investors would do well to invest in a way that is aligned with the monetary policy trajectory of the Fed.
Authorities have made progress in addressing the structural challenges facing the Japanese economy. Companies are transforming business practices and improving governance standards, which is likely to lend valuation support to Japanese equities. An environment of robust global growth should help the best of corporate Japan perform reasonably well
After equity markets enjoy a strong start to the year, Nick Samouilhan draws on some wisdom from Ancient Rome
PM David Eiswert says it’s becoming increasingly valuable to own disruptive companies gaining market share, even if they trade at a premium.
Nick takes apart a famous literary quote – “If we want things to stay as they are, things will have to change” – to explain why investors need to re-examine their investment approach.
With the macro environment fast changing, which investment practices should investors review in 2019?