Brown Advisory

MARCH 14, 2023

Time/Long-Term We recently met with the management team of Intuitive Surgical (ISRG). One of our portfolio managers, Ken Stuzin will tell you that none of our holdings are “sacred cows”, but in the same breath he’ll mention that ISRG CEO Gary Guthart is among the very best executives that he’s ever met. equity universe.

Clients 97

Clients Investing Investments Sales 97

Brown Advisory

MARCH 14, 2023

Time/Long-Term This morning, we met with the management team of Intuitive Surgical (ISRG), One of our portfolio managers, Ken Stuzin will tell you that none of our holdings are “sacred cows”, but in the same breath he’ll mention that ISRG CEO Gary Guthart is among the very best executives that he’s ever met. equity universe.

Clients 81

Clients Investing Investments Sales 81

Brown Advisory

SEPTEMBER 3, 2015

31, 2014, suggests that his goal is not just fantasy. But recent turbulence in the world’s second-largest economy indicates that Xi’s dream may be a bit deferred. The economies of India and the ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) entered the second half of 2015 with robust growth. Rude Awakening.

Insurance 52

Insurance Portfolio Management Clients Government 52

Brown Advisory

DECEMBER 2, 2015

Weak commodity prices and flagging emerging market economies have dimmed the outlook for energy and metals companies, and are shaking up the high-yield bond market. The market for high-yield bonds has become increasingly polarized as falling energy prices and slowing emerging market economies have broadly crimped company revenues.

Clients 52

Clients Asset Allocation Economics Estate Planning 52

Brown Advisory

SEPTEMBER 3, 2015

Europe’s economy has picked up steam even with Ukraine battling Russian-backed insurgents and Greece narrowly dodging an exit from the eurozone. in 2014, according to the International Monetary Fund (IMF). Greater consumption has sped growth in the eurozone’s four largest economies—Germany, France, Italy and Spain.

Economy 40

Economy Economics Asset Allocation Clients 40

Brown Advisory

OCTOBER 28, 2019

Healthy Returns: Sustainable Investing in the Health Care Sector ajackson Mon, 10/28/2019 - 14:59 Our Large-Cap Sustainable Growth portfolio managers discuss how they have approached the health care sector as sustainable investors. Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100) Source: Bloomberg.

Investing 52

Investing Investments Medical Portfolio 52

Brown Advisory

OCTOBER 28, 2019

Our Large-Cap Sustainable Growth portfolio managers discuss how they have approached the health care sector as sustainable investors. The importance of the health care sector to both society and the global economy is undeniable. Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100). SECTOR BACKDROP.

Investing 52

Investing Investments Medical Portfolio 52

Brown Advisory

MAY 31, 2017

We have a number of reasons for our renewed comfort level: Improving economy: The weakness of Europe’s macroeconomic outlook in recent years was one of the primary red flags we saw for European stocks. Further, we see room for the European economy to grow. large-cap managers have been able to beat the market consistently.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

We have a number of reasons for our renewed comfort level: Improving economy: The weakness of Europe’s macroeconomic outlook in recent years was one of the primary red flags we saw for European stocks. Further, we see room for the European economy to grow. large-cap managers have been able to beat the market consistently.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

SEPTEMBER 3, 2015

As recently as 2012 Puerto Rico was able to sell to investors public-sector bonds despite its bleak fiscal outlook and shrinking economy. Consider this scenario: An economy is shrinking, government debt is ballooning and emigration is eroding the workforce. Moreover, emigration has reduced the population to about 3.5

Transportation 52

Transportation Government Economy Asset Allocation 52

Brown Advisory

NOVEMBER 14, 2017

As short-term interest rates on low-risk assets approached zero during the crisis, conventional monetary policy became ineffective at encouraging investment and stimulating the economy. By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 trillion, compared to $870 billion just six years earlier.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

NOVEMBER 14, 2017

As short-term interest rates on low-risk assets approached zero during the crisis, conventional monetary policy became ineffective at encouraging investment and stimulating the economy. By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 trillion, compared to $870 billion just six years earlier.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

APRIL 1, 2015

economy following the financial crisis. The small valuation gain may be considered reasonable in light of growing investor confidence as the economy has recovered from the depths of 2008-2009. The five years ended December 31, 2014 ranked in the top 35 of 139 observations—first quartile, but just barely. company.

Investing 52

Investing Investments Valuation Assets 52

The Big Picture

DECEMBER 6, 2022

RITHOLTZ: So you joined Global X in 2014. I joined Global X in 2014, and we have, if I remember correctly, approximately $1.5 We’re literally looking for structural shifts in the economy, think of robotics and artificial intelligence, cybersecurity, cloud computing. What led you to them from Jefferies? BERRUGA: Yeah.

Clients 152

Clients Investing Investments Management 152

Brown Advisory

JUNE 21, 2017

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios. The S&P 500® Index represents the large-cap segment of the U.S. equity markets and consists of approximately 500 leading companies in leading industries of the U.S.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios. Manager Characteristics. The S&P 500® Index represents the large-cap segment of the U.S. An index constituent must also be considered a U.S. company.

Investing 52

Investing Investments Portfolio Management 52

The Big Picture

OCTOBER 17, 2023

We do have multi-asset strategy called balanced, which we launched in 2014 15. ’cause they, it’s a learning mechanism as a recommendation mechanism for portfolio managers and thinking about how to allocate capital. So this is more like the real economy, slower growth businesses. Those would be the main ones.

Investing 130

Investing Investments Clients Management 130

Brown Advisory

SEPTEMBER 11, 2016

Looking ahead, for our base-case scenario we see inflation remaining moderate and most major economies continuing to grow at a modest pace. Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. small-cap stocks. versus 1.9

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

SEPTEMBER 11, 2016

Looking ahead, for our base-case scenario we see inflation remaining moderate and most major economies continuing to grow at a modest pace. Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. small-cap stocks. versus 1.9

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

OCTOBER 1, 2015

That action then led to fears that China’s economy was in serious trouble. Most indicators suggest that China’s economy is growing at a mid-single-digit rate. Economic growth has appeared to slow, complicating government efforts to shift the economy away from reliance on heavy industry to more consumer- and service-oriented growth.

Investing 52

Investing Investments Economy Government 52

Brown Advisory

DECEMBER 2, 2015

Turbulence in various stock markets will probably persist in 2016 as global growth slows because of weakness in emerging economies including China, a leading engine for the world economy during the past decade. From 2012 until 2014, the MSCI All Country World Index annually rose by an average of 14.1%. 2 economy, grew 7.3%

Economy 52

Economy Taxes Clients Assets 52

The Big Picture

JULY 31, 2023

And then, as it turns out, a switch flipped in the market in 2014 was a record, 2015 was a record. And it was day by day from the seat of, it was the month that the economy shut down. And it’s two dozen CEOs, investors, policy makers from like all across the economy. None of them still stand, right? Did they self-selected?

Retail 130

Retail Government Economy Economics 130

The Big Picture

FEBRUARY 12, 2024

I’m the portfolio manager and I’m actually the only portfolio manager. But, but I view my, I i, I enjoy my analyst job as certainly as much as I enjoy the portfolio 00:18:07 [Speaker Changed] Manager job. How, how do you manage around that? Because I view myself as an analyst first.

Management 282

Management Investing Investments Economy 282