Brown Advisory

SEPTEMBER 3, 2015

Rude Awakening. achen. Thu, 09/03/2015 - 15:10. As recently as 2012 Puerto Rico was able to sell to investors public-sector bonds despite its bleak fiscal outlook and shrinking economy. The commonwealth’s default last month on a portion of $72 billion in troubled debt spotlights not just an ill-advised investment, but a pitfall in the municipal bond market.

Transportation 52

Transportation Economy Government Asset Allocation 52

Brown Advisory

SEPTEMBER 3, 2015

Dream or Opportunity? achen. Thu, 09/03/2015 - 15:11. China’s plummeting stock prices, slowing economic growth and currency volatility have pushed many investors out of the market. Nevertheless, we believe that a discriminating investment strategy toward China and neighboring emerging markets has the potential to yield meaningful long-term gains, especially from growth in China’s middle class.

Insurance 52

Insurance Portfolio Management Clients Government 52

Brown Advisory

SEPTEMBER 1, 2015

Shadow Consumption. achen. Tue, 09/01/2015 - 11:30. Economic recoveries usually feature a surge in consumption as employment and wages rebound. Current U.S. consumption data might instead suggest that many consumers are on the sidelines. But rather than clutching their pocketbooks, consumers are reaching for their smartphones and using digital technology to find bargains online and to share goods, potentially influencing the data.

Food 52

Food Portfolio Management Sales Strategic Planning 52

Brown Advisory

SEPTEMBER 22, 2015

Compound Interest | Beware the Trap. achen. Tue, 09/22/2015 - 10:21. Late in an economic cycle, investors in corporate bonds tend to snap up securities that offer a comparatively high yield but understate the risks of default. Here are our thoughts on how to avoid such “value traps.”. From telecommunications companies in 2000, to homebuilders in 2007, to coal mining companies in 2014, recent history offers plenty of cautionary tales for high-yield investors.

Economics 40

Economics Economy Clients Investing 40

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Accounting

Brown Advisory

SEPTEMBER 3, 2015

Europe's Slow Climb. achen. Thu, 09/03/2015 - 15:10. Greece’s debt crisis has dominated the headlines in Europe this year but has not halted regional growth or vitality among European companies showing unexpected earnings strength. War and financial turmoil— the bane of Europe’s economic well-being last century—are currently veiling a rebound in regional growth and unanticipated vigor among European companies.

Economy 40

Economy Economics Asset Allocation Investing 40