Quality – A Closer Look
A closer look at “quality” equities across developed markets reaffirms our view that high-quality equities remain attractive and portfolios should remain tilted toward mega-cap growth.
Research Publications Archive
European Consumer Prices Set to Rise?
The European Central Bank has been far less hawkish than advertised; as a result, Eurozone prices may rise faster than most expect.
The Eye of the Storm
While markets may rally over the coming months, the hurricane of deleveraging is far from over, with a second wave of turmoil likely as a weakening U.S. economy weighs on growth in the rest of the world, a scenario still not fully priced into equity markets.
The Fed’s Reflationary Effort: Will It Work And What Are The Risks?
While the Fed is committed to a policy of reflation, market conditions pose significant obstacles to success and there are also serious inflationary risks associated with this policy.
Municipal Bonds – Waters Are Roiling in this Once-Sleepy Sector
Deleveraging, insurance woes, and liquidity concerns deliver pitfalls and opportunities to taxable investors.
Time to Buy REITs?
REITs are undeniably cheaper than in the recent past; still, there could be more downside yet to come.
CA Letter to the Senate Finance Committee
Our letter to the Senate Finance Committee regarding their January 24, 2008, inquiry to large colleges and universities.
Taking Stock of U.K. Dividends
While U.K. dividends seem likely to hold up reasonably well in coming years, low dividend yields and the ailing financial sector are likely to limit the protection afforded investors in the event of a market downturn.
As the Cycles Turn
A look at what history tells us to expect as the earnings, business, and stock market cycles converge.
High-Yield Bonds: Be Selective
While we remain bearish on high-yield bonds in general, experienced and talented managers should have a plethora of profit opportunities as spreads widen and defaults rise.