Vontobel CIO Matt Benkendorf talks with Peter Batchelar, head of the Virtus Product Group, about recent market events and headline news—the U.S.-China trade war, changes in Fed and global central bank policy, negative interest rates—and the implications for equity investors in the emerging markets and developed markets.
Listen to the interview series featuring our investment professionals’ thoughts on economic trends and current market events.
Newfleet Asset Management’s Frank Ossino provides perspective on why the bank loan market should be viewed as an income asset class, not solely as an interest rate hedging tool.
Kayne Anderson Rudnick CIO, Doug Foreman, explains how he and his team maintain their high-conviction approach to investing without being distracted by market noise, what defines a “high-quality” company, and the growing opportunity in international and emerging market small-cap stocks. Plus, observations on current market events, including GDP growth, Fed policy, and the yield curve.
The dovish pivot by central banks along with the slowly growing economy set the stage for a complete reversal of the December 2018 drawdown in the credit markets and a very strong quarter for multisector portfolios.
George Goudelias, Head of Leveraged Finance at Seix Investment Advisors, provides his perspective on the U.S. fixed income markets, where the team is finding opportunity in the leveraged loan space, and why they believe Collateralized Loan Obligations (CLOs) remain attractive.
Vontobel CIO Matthew Benkendorf shares his views on the latest international market happenings: 1) The ways emerging markets are becoming more like developed markets – and vice versa; 2) his “non-consensus” views on the Federal Reserve’s latest position and recent trade developments; and 3) how Vontobel is positioned to capitalize on the opportunities that volatility creates.
George Goudelias, Head of Leveraged Finance at Seix Investment Advisors, sees bank loans as an asset class that has had a significant recovery in 2019, coming back from the liquidity-driven sale of the asset class that took place in December. In times of negative market movements, bank loans may serve as a portfolio shock absorber, holding on to their value better than a lot of other risk assets.
Newfleet Chief Investment Officer David Albrycht explains why high yield, emerging market debt, and asset backed securities look attractive at this time and how he believes they can enhance a portfolio’s fixed income allocation.
Craig Stone, portfolio manager of the Virtus KAR Small-Mid Cap Core Fund, discusses the compelling opportunity set a blended portfolio of small- and mid-cap stocks offers investors over separate allocations, and why an active approach to the “SMID” space makes sense over passive.
KAR CIO Doug Foreman, CFA, discusses why mid-cap equities deserve to be treated like a separate asset class and should not be overlooked by investors, the exciting growth potential mid-cap companies offer compared to small- and large-cap companies, and Kayne Anderson Rudnick’s quality-driven approach to the mid-cap portfolios they manage, including the Virtus KAR Mid-Cap Growth Fund.
Don Wordell, portfolio manager of the Virtus Ceredex Mid-Cap Value Equity Fund since 2001, discusses the particular opportunities mid-cap value stocks have to offer investors in today’s low interest rate environment and the attractive dividend yields available from the dividend-paying companies Ceredex focuses on in the mid-cap space.
Jon Christensen, portfolio manager of the Virtus KAR Mid-Cap Core Fund, discusses Kayne Anderson Rudnick’s quality-driven approach to mid-cap investing and the opportunities that exist for investors among what he calls the “underappreciated overachievers” of the equity market.
Matthew Benkendorf, Chief Investment Officer of Vontobel Asset Management, reflects on the reintroduction of volatility to global markets, the impact of central bank monetary policy normalization on emerging markets, and why an investment focus on high-quality businesses is critical for navigating the risk environment over the long term.
David Albrycht, Chief Investment Officer at Newfleet Asset Management, discusses fourth quarter volatility in risk assets and where he believes this volatility has created opportunity.
George Goudelias, Head of Leveraged Finance at Seix Investment Advisors, addresses the fourth quarter outflows in the loan market, highlighting the long-term diversification benefits and opportunity for strong risk-adjusted returns from owning a permanent allocation to this asset class.
Kayne Anderson Rudnick CIO Doug Foreman puts recent market events into perspective for investors. Topics discussed include the disconnect between the Federal Reserve’s views and market consensus on interest rate and U.S. growth; impacts of the U.S.-China trade war; and his expectations for corporate earnings and market returns in 2019.
Portfolio managers from two Virtus affiliates, quality-driven growth manager Kayne Anderson Rudnick (KAR) and dividend-focused value manager Ceredex Value Advisors, discuss the mid-cap space and the opportunities they see.
Darshan Bhatt and Carlos Asilis of Glovista Investments explore the convergence of emerging and developed markets, and how investors may wish to position their long-term, global equity portfolios to pursue the growth potential of the “most favored” emerging markets countries.
David Albrycht, President and Chief Investment Officer of Newfleet Asset Management, speaks with Joe Terranova, Chief Market Strategist of Virtus Investment Partners. Dave and Joe discuss the 2018 bond market, global and emerging market debt, and capital market expectations for the year ahead. Dave shares his views on corporate credit conditions and the leveraged finance market, as well as where he identifies opportunities for Newfleet’s multi-sector bond portfolios.