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September 2016 Insights on Markets and Investments

Brown Advisory

September 2016 Insights on Markets and Investments achen Mon, 09/12/2016 - 01:00 In this issue: Investors Facing Rising Risks Need Solid Defense, Savvy Offense Increasing political and economic risk during the past year has widened the range of possible positive and negative scenarios for financial markets.

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September 2016 Insights on Markets and Investments

Brown Advisory

September 2016 Insights on Markets and Investments. Mon, 09/12/2016 - 01:00. By Taylor Graff, Head of Asset Allocation Research and Ed Chadwyck-Healey, Head of International Private Clients ? By Meera Patel, CFA, Director of Private Equity Fund Research and Jane Korhonen, CFA, Portfolio Manager ?

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Diamonds In The Rough

Brown Advisory

Debt in well-managed companies positioned to weather an economic slump return nearly three times the 2.3% But at the same time, with 5% of high-yield bonds selling at distressed levels, we see a market indication that corporate bankruptcies may rise in 2016. expansion will end in 2016. yield of the 10-year Treasury bond.

Clients 52
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Rude Awakening

Brown Advisory

But with Congress facing its own fiscal challenges and a national election scheduled for November 2016, betting on a lawmaker rescue does not appear to be an especially promising investment. The hazards of appropriation bonds underscore the value of a bottom-up approach to building a municipal bond portfolio. Dream or Opportunity?

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ESG and the Stock-­Picker’s Dilemma

Brown Advisory

Forum for Sustainable and Responsible Investment that expectation of stronger financial performance is a top reason for incorporating ESG into the investment process (US SIF, 2016). The Journal of Portfolio Management 40(2): 18-29. Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation."

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ESG and the Stock-­Picker’s Dilemma

Brown Advisory

Forum for Sustainable and Responsible Investment that expectation of stronger financial performance is a top reason for incorporating ESG into the investment process (US SIF, 2016). The Journal of Portfolio Management 40(2): 18-29. Risk Factors as Building Blocks for Portfolio Diversification: The Chemistry of Asset Allocation."

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Europe's Slow Climb

Brown Advisory

in 2016, according to the IMF. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. By Taylor Graff, CFA, Asset Allocation Analyst. The ratio for the 19 countries in the eurozone rose to 93% at the end of the first quarter from 92% at the end of 2014, according to the European Union. Quickening Growth.

Economy 40