Perspectives Blog

European equities – Should investors care about periphery vs. core anymore?

Dan Ison, Portfolio Manager | January 13, 2014

…ferent regions and asset classes. 2013 saw a phoenix-like resurgence in interest for European equities with an interesting mix of winners and losers. The best performing markets (all returning more than 33% for the year) were Greece, Finland and Ireland. Of the larger markets, Germany, The Netherlands and Spain were the best performers while France, UK and Italy were the worst. Four years since the start of the Euro Crisis (Greece late 2009), can…

Ukraine Crisis – Can the U.S. make Europe less dependent on Russian gas?

Jonathan Mogil, Portfolio Manager and Senior Analyst | July 28, 2014

…and accounts for approximately 30% of Europe’s gas demand, half of which is transported through Ukraine. While Europe’s dependence on Russian gas via Ukraine is more manageable today than in the past, many countries including Greece, Hungary, Bulgaria and Slovakia remain extremely vulnerable to any disruption in Russian exports. Russian gas continues to flow to other European countries through Ukraine, but supplies for Ukraine’s own domestic use…

The coming divide in state credit quality

Ty Schoback, Senior Municipal Analyst | June 3, 2014

…ence – states we deem to be fiscal leaders – and are now in the enviable position of debating what to do with newfound budget surpluses. In particular, two states stand out: California, which was being compared to Greece just a few years ago, and Michigan, which has shown significant fiscal improvement in the face of much-maligned local government credit weakness. Conversely, there are the states that have squandered the unusually hig…