Beyond Bulls & Bears

Navigating New Global Market Uncertainties
Equity

Navigating New Global Market Uncertainties

Templeton Global Equity Group’s Tony Docal, Peter Moeschter and Heather Waddell provide an overview of events shaping markets in the third quarter and share their outlook for global equities. They explain their preference for multinational companies in the United Kingdom, why they see downside risk as limited in Europe versus the United States and why they still see a case for value investing.

Searching for Value When Growth Is King
Equity

Searching for Value When Growth Is King

It’s been a tough road for value investors during the past decade or so, even leading some pundits to declare the investing style is dead. The value-oriented Templeton Global Equity Group is digging in deep—and searching for deep values. While a growth-driven US market rally in the first quarter of this year presented a challenge, the team has uncovered some unloved stocks and sectors—particularly in Japan and Europe—where valuations appear reasonable and prospects good. Tony Docal, Dylan Ball and Joanne Wong take us on an around-the-world tour of where they are finding opportunities today.

A Long Brexit Delay Seems Likely, but to What End?
Equity

A Long Brexit Delay Seems Likely, but to What End?

With no resolution in place and the clock ticking down, Sandy Nairn, chairman of Templeton Global Equity Group and CEO of Edinburgh Partners, looks at the possible outcomes. He explains why he thinks a long Brexit extension could be the most sensible option, and why he feels the deadlock might only be broken by a fresh plebiscite.

This Isn’t the Way Stock Market Cycles Typically End
Equity

This Isn’t the Way Stock Market Cycles Typically End

Dylan Ball, head of European Equity Strategies, Templeton Global Equity Group, explains why he thinks the current stock market cycle still has some way to run in Europe and why he expects to see an uptick in cross-border merger and acquisition activity.

A Measured but Constructive Market View
Equity

A Measured but Constructive Market View

The market environment for value investors over the past few years has been less than ideal, but that doesn’t mean there aren’t opportunities to be had. Templeton Global Equity Group Director of Portfolio Management Antonio Docal and Director of Research Heather Arnold say they plan to use recent market volatility to uncover values. They share some brief thoughts on issues facing investors today, including trade wars, Brexit and slowing growth in China.

Are We Nearly There Yet?: Revisiting the Politics and Processes of Brexit
Equity

Are We Nearly There Yet?: Revisiting the Politics and Processes of Brexit

“We believe it is likely over the coming months risk premiums will rise and potentially spur investment in stocks which have already been largely discounted for a worst-possible Brexit outcome, including the financial services and construction sectors.” - Sandy Nairn, Chairman, Templeton Global Equity Group

Finding Value among Stretched US Valuations, Market Dislocations
Equity

Finding Value among Stretched US Valuations, Market Dislocations

“Of all the different macroeconomic and political factors that have been on investors’ minds over the last few months, we think interest rates are likely to be the most important. As we continue to see central banks reduce quantitative easing and move toward interest-rate normalization in the major regions of the world, we are going to continue to focus on the dislocations that this may cause for currencies, equity markets and valuations.” - Templeton Global Equity Group

Is it Time for Value Stocks to Shine?
Equity

Is it Time for Value Stocks to Shine?

Since 2008, US growth stocks, generally in faster-growing sectors such as technology, have taken the spotlight away from value stocks. Read why some of our investment professionals think that might be changing.

Speeding Toward Brexit, Some Off-Ramps Emerge: A Dialogue with Lord Kerr
Perspectives

Speeding Toward Brexit, Some Off-Ramps Emerge: A Dialogue with Lord Kerr

The Brexit clock is ticking as the United Kingdom’s departure from the European Union (EU) is set to take place in March 2019. But is the UK ready to leave? And is there still a chance it won’t? We hear from Sandy Nairn, Templeton Global Equity Group chairman and Edinburgh Partners CEO, and Lord Kerr, former diplomat and current chairman of Scottish Power and crossbench member of the House of Lords.

Brexit: Are Markets Underestimating the Chances of the UK Not Leaving?
Equity

Brexit: Are Markets Underestimating the Chances of the UK Not Leaving?

“Given the institutional hurdles to an agreement in the necessary timescale, we don’t see the relatively benign soft Brexit scenario as the most likely outcome. Our view is that the position is much more finely balanced and perhaps there is an equal probability of a range of different outcomes.” - Sandy Nairn, Templeton Global Equity Group

Digging into the Roots of US Trade Tensions
Equity

Digging into the Roots of US Trade Tensions

Talk of a trade war between the United States and several of its key trading partners continues to intensify. China has borne the brunt of the US tariffs targeting a wide range of goods, and has retaliated with threatened reprisals of its own, creating a tit-for-tat situation between the world’s two largest economies. Templeton Global Equity Group’s Norm Boersma digs into the roots of the current trade tensions.

Symmetry Policy: How to Adapt to a More Volatile Market Environment
Equity

Symmetry Policy: How to Adapt to a More Volatile Market Environment

“Unusually subdued levels of volatility during 2017 possibly lured some investors into a false sense of security. But as precipitous market moves in early February and late March suggested a return to more historically normal levels of volatility, the question for investors now is how to adapt their approach to the new environment.” Dylan Ball, Templeton Global Equity Group