U.S. Equities: Are Things Really Different This Time?
While the recent resilience of the U.S. economy and financial markets has been impressive, valuations remain stretched.
Research Publications Archive
Risky Business
Risky assets and U.S. equities remain expensive, while quality and non-U.S. equities look more attractive.
European Equities Soar, but Remain Modestly Attractive
Valuations remain reasonable and upside potential outweighs downside risks.
U.S. REITs – Expensive, but Still Worthwhile
REITs offer strategic benefits but limit your exposure in the current environment.
Ultra-Long Gilts – Too, Too Dear
Ultra-long gilts provide interesting opportunities, but not at today’s prices.
Increasing Strategic Equity Allocations to Asia
Investors should increase their allocations to Asia at the expense of U.S. and/or European equities.
The Appeal of Quality
Investors would be well served to tilt their portfolios toward high-quality assets.
European Small Caps: Mounting Concerns, but Stay the Course
Small-cap stocks on both sides of the Channel have performed quite well this year, though their momentum could begin to diminish under the force of several headwinds.
Emerging Markets Equity Investing
An overview of emerging equity including valuations, correlations with other asset classes, risks, investment vehicles, and benchmarks. Exhibits cover market capitalization, comparative valuations among emerging countries, and performance data on representative emerging equity managers.
Japan: Still Time to Get In?
Despite rapid price appreciation and broadening investor bullishness, Japanese equities remain attractive.