AB
Search Product
showing 1 - 8 of 864 results
{{maindata.mainmenu}}

{{maindata.submenu.desc}}

{{maindata.submenu.col_1.type}}

{{maindata.submenu.col_1.title}}

{{maindata.submenu.col_1.desc}}

{{maindata.mainmenu}}
{{maindata.submenu.mainnav.title}}
{{maindata.submenu.resource.title}}
{{maindata.submenu.dashboard.title}}

GLOBAL CAPITAL MARKETS OUTLOOK: 1Q15

Navigating Divergence in Global
Markets and Economies


We expect moderate global growth to continue in 2015, but economic and market patterns are diverging. The watchword is selectivity: investors need to identify opportunities in fixed income and equities, while remaining diversified and balancing risks. This includes considering exposure to alternative investments.

The Big Picture

  • Moderate global growth and benign inflation should continue, but patterns are diverging globally

  • Bond investors should balance interest-rate and credit risks, avoiding crowded areas and finding attractive individual securities

  • Equity fundamentals should remain supportive, and gains in top-line revenue should support equity markets—and active opportunities

Our Views on the Capital Markets

The past year was characterized by divergence in the world economy, a theme that is likely to continue through 2015. Rick Brink explores the disparities in the capital markets in our latest video.

Tap into Equity Potential

Global equity markets should post attractive, though moderate, returns as we move forward. Valuations are extended, but that alone doesn’t necessarily signal a correction. The corporate sector remains on sound footing, and solid earnings growth provides continued support.

US: Promising Environment for Consumption

Valuation Landscape Requires Active Approach

Be Active with Conviction in Your Equity Exposure

The equity landscape seems favorable to active management and high-conviction investing approaches. Correlations between individual stock returns are below their pre-financial-crisis average, so stock returns aren’t traveling in lockstep as much as they were. This provides opportunities to distinguish between winners and losers.

US

Concentrated US Equity
A concentrated portfolio of companies that offer long-term growth potential and attractive prices.

Hear from the PM

US

US Small and Mid-Cap Portfolio
Offers exposure to the attractive return potential of SMID-cap stocks

DOWNLOAD
FACT SHEET

GLOBAL

Thematic Research Portfolio
Pursues opportunistic growth by investing in a global universe of companies that may benefit from innovation

DOWNLOAD
FACT SHEET

Position Bonds for Rising Rates

We expect interest rates to rise gradually over the next few years, eventually returning to “normal” levels. We expect volatility as the market adjusts to this new trend, but we don’t forsee a major downturn like those in 1981 or 1994. Investors should consider strategies that can reduce the impact of rising US rates.

US Rates: Likely a Long Path to "Normal"

Bank Loans Hold Risks for Income Seekers

Consult the Fixed-Income “Rising Rate” Playbook

With rates expected to increase gradually over the next several years, the watchword for investors will be to diversify and avoid areas of the market that have become crowded due to demand. This might mean globalizing and maintaining a good balance between interest-rate and credit risk/return sources.

GLOBAL

Global High Yield Portfolio
Offers a multisector, dynamic approach to high-yield investing.

DOWNLOAD
FACT SHEET

GLOBAL

Short Duration High Yield Portfolio
Delivering High-Yield Returns with Lower Volatility for Three Solid Years

DOWNLOAD
FACT SHEET

US

American Income Portfolio
Seeks to provide higher returns with lower risk with barbell approach.

DOWNLOAD
FACT SHEET

Explore New Return Sources

Alternative investment strategies offer access to a broader array of strategies with different risk-return profiles than those of stocks and bonds. If investors combine alternative strategies with traditional asset classes, they may be able to better balance portfolio risk.

Diversify Traditional Market Exposures

Investors are still looking for traditional stock and bond investments, but there’s always concern over the potential impact of equity downturns and rising interest rates. Alternative investment strategies may be an effective way to adjust and diversify exposure to traditional market patterns.

US

Select Absolute Alpha Portfolio
Absolute-return strategy focused on capturing upside and reducing downside.

DOWNLOAD
FACT SHEET

EUROPE

European Flexible Equity Portfolio
Absolute-return strategy with flexible market exposure and flexible stock picking.

DOWNLOAD
FACT SHEET