State of the Markets Q4 2018Oct 22, 2018

Stephen Lingard

Stephen R. Lingard, MBA, CFA
Senior Vice President
Portfolio Manager
Franklin Templeton Multi-Asset Solutions
Fiduciary Trust Company Of Canada

For the State of the Markets update I’ve recorded a short market update in audio format where I talk about the major themes that drove the markets and our portfolios in the third quarter. Some of the topics I touch on during the recording include: the divergence between bond and equity markets that we’ve seen in the past quarter, the selloff in emerging markets, why we believe strong profit growth is likely to continue and some near term risks that the team and I are watching out for. I also provide an update on how we are positioning the portfolios given the current market conditions.

 

 

Stephen Lingard’s comments, opinions and analyses are for informational purposes only and should not be considered individual investment advice or recommendations to invest in any security or to adopt any investment strategy. Because market and economic conditions are subject to rapid change, comments, opinions and analyses are rendered as of the date of the posting and may change without notice. The material is not intended as a complete analysis of every material fact regarding any country, region, market, industry, investment or strategy.

Important Legal Information

All investments involve risks, including the possible loss of principal. Investments in foreign securities involve special risks including currency fluctuations, economic instability and political developments. Investments in emerging markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets. Because these frameworks are typically even less developed in frontier markets, as well as various factors including the increased potential for extreme price volatility, illiquidity, trade barriers and exchange controls, the risks associated with emerging markets are magnified in frontier markets. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute