2021 Midyear Outlook: Navigating through the recovery
Listen in as we discuss our outlook on the US recovery and the Federal Reserve’s new framework, including its impact on inflation, interest rates and growth.
Review regular updates and insight from our investment management team. Market Perspectives cover broader issues, including the global economy, market environment or sector overviews. Portfolio Perspectives offer analysis from a portfolio manager or team on a specific fund.
If the Fed is successful in generating inflation, this could bring about higher nominal GDP growth than the US economy experienced in the last cycle. What are the implications?
We think tapering will begin in early 2022. Where do interest rates go from here?
While near-term inflation momentum may be close to peaking, we believe a strong US economy and, ultimately a tighter labor market, will lead to sustainably higher inflation.
In the context of emerging markets, the thought of inflation can bring back haunting memories. As the word echoes across the financial media world and is now evident in the real world, let’s look at what inflation may mean for emerging-market investors.
New Federal Reserve goals aim to provide support for strong US GDP growth and inflation.
No matter the market environment, our core focus is building a portfolio that has the potential to generate a total return through current income, income growth, and opportunities for capital appreciation.
In a world faced with a viral threat, it has become challenging to make investment decisions with little visibility into the future. Take a look at what we believe investors should consider when thinking: Why emerging markets?
Emerging markets have come a long way from their boom-and-bust commodity cycle of the 1990’s. Today’s emerging markets are leapfrogging several developed markets in terms of innovative technology and growth opportunities.
From 2013 to 2015, we faced headwinds as a low interest rate environment challenged our pro-quality investment approach and rewarded companies that piled on debt. Once again, we are experiencing a low interest rate environment; however, this time the Fund has performed well. What’s different this time?
Last year, investors had to choose between quality and growth. When forced to pick, we chose quality every time. Get our views on the current environment.
10 observations of the current market and possible implications for investors in 2021.
In an unpredictable 2020, the lesson learned was to maintain the Fund’s core stock selection discipline. We believe the market ultimately rewards small caps that can deliver sales and earnings growth and returns on capital.
As we move past the challenges of 2020, we are optimistic about the global economy and markets for 2021.