Perspectives Blog

Special report – 2014 mid-year review and outlook

Columbia Management, Investment Team | June 16, 2014

…of rates. In addition, slower global growth and rising geo-political risks present downside risks to growth, although supportive central bank actions will continue and perhaps accelerate, particularly in Japan, China and the eurozone. Taxable bonds Colin Lundgren, Head of fixed income Review: 2014 has been a happy new year for taxable fixed-income investors. After experiencing mostly negative total returns in 2013, the surprising combination of…

Harvesting a New Moderation in Asia

Soo Nam Ng, Head of Asian Equities | June 23, 2014

…ex Japan Index tracks the performance of equity securities in eleven countries in Asia, excluding Japan and taking into account local market restrictions on share ownership by foreigners. The EURO STOXX 50 is a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group and SIX Group. International investing involves increased risk and volatility due to potential political and economic instability, currency f…

What to make of the rebound in emerging market equities

Dara White, Senior Portfolio Manager | April 14, 2014

…10 and have stagnated at or below zero in recent quarters. The developed world (the core of the export consumer market) is recovering, but it has been an anemic recovery. U.S. growth has not broken out of the 2%-3% range, the eurozone is no longer contracting but expectations are for growth of only about 1%, and there are questions regarding Japan’s ability to sustain any growth rebound with the introduction of the new consumption tax. So EM grow…

January asset allocation update

Jeffrey Knight, CFA, Global Head of Investment Solutions and Asset Allocation | February 3, 2014

…attractiveness of U.S. equities. Instead, we opt for more geographic diversification and find better valuations in select markets abroad. While short-term valuations have run up recently, we continue to favor both the UK and eurozone on better economic momentum. In addition, we maintain our strong overweight to Japan as we see both favorable monetary and macro conditions continuing. EM equities present a challenge. While global liquidity and val…

Asset allocation chart December 2013

Jeffrey Knight, CFA, Global Head of Investment Solutions and Asset Allocation | January 6, 2014

…ntinue to favor absolute return strategies. We remain underweight U.S. equity allocations mainly on relative valuation. We see potentially better opportunities in select international equities. We continue to favor the UK and eurozone on better economic momentum; short-term valuations have run up a bit, but still supportive longer term. We moved to strong overweight to Japan on favorable monetary and macro conditions. We remain neutral on emergin…

Asset allocation November 2013

Jeffrey Knight, CFA, Global Head of Investment Solutions and Asset Allocation | December 12, 2013

…ue to favor absolute return strategies. 2. Remain underweight U.S. equity allocations mainly on relative valuation (limited near-term upside). Better opportunities in select international equities. 3. Continue to favor UK and eurozone on better economic momentum; short-term valuations have run up a bit but still supportive longer term. 4. Continue to favor Japan on favorable monetary and macro conditions; earnings momentum has waned of late. 5. D…

Emerging Markets: Waiting on exports

Anwiti Bahuguna, Ph.D., Senior Portfolio Manager | March 31, 2014

…oup Part of the reason for the sluggishness of EM exports is the subpar nature of global growth. True, the developed world is recovering, but it has been a weak recovery. U.S. growth has not broken out of the 2%-3% range, the eurozone is no longer contracting but expectations are for growth of only about 1%, and there are questions regarding Japan’s ability to sustain any growth rebound with the advent of the new consumption tax. Global growth ha…