Emerging market equities have been shrouded by years of underperformance. But not all emerging markets are built alike—there is a high degree of variability across countries and sectors in terms of their earnings strength and potential.
Last week Professor Jeremy Siegel and I spoke with Bill Stone, Executive Vice President and Chief Investment Strategist of PNC Institutional Asset Management, and James Wood-Collins, CEO of Record Currency Management, about their outlook on the markets, diverging central bank policies and the role of currency in portfolios.
Along with search for income growth opportunities while global growth is scarce, there is a broader and long-term thematic focus on quality investing and the “quality” factor in both the academic and investment worlds. WisdomTree has been leading this charge with a family of Indexes that cover the major regions and include selection factors designed to pick dividend-paying stocks with quality and growth characteristics.
The Bank of Japan decided to maintain its steady policy course this week, very much in line with consensus expectations. However, its policy statement did add a twist to a previously mentioned sentence.
The WisdomTree Western Asset Unconstrained Bond Fund (UBND), the first unconstrained bond exchange-traded fund, was launched in June, and we recently had a discussion with Mark Lindbloom, portfolio manager at Western Asset Management Company (Western Asset).