Climate Change Sectors Heat Up

Author Maarten Bloemen Executive Vice President Portfolio Manager, Research Analyst Templeton Global Equity Group Craig Cameron, CFA Portfolio Manager, Research Analyst Templeton Global Equity Group Herbert Arnett Portfolio Manager, Research Analyst Templeton Global Equity Group Tina Sadler, CFA Portfolio Manager, Research Analyst Templeton Global Equity Group Sustainable investing has seen considerable growth over the last five years and shows no [...]

Quick Thoughts: How Might the Markets React to Changes in Personal Taxes?

Author Stephen H. Dover, CFA Chief Market Strategist and Head of Franklin Templeton Investment Institute Franklin Templeton Whether driven by the politics of fairness or the need to address budget shortfalls, taxes are back in our discussions globally. Can US President Joe Biden muster the votes to raise personal income and capital gains taxes, and if he can, will stocks [...]

Reasons We Remain Bullish on Gold

Author Steve Land Vice President, Research Analyst Portfolio Manager, Franklin Equity Group Gold suffered its largest quarterly selloff in the first quarter (Q1) of 2021 since 2016, down 10.0% (to US$1,707 per troy ounce) with prices dropping below US$1,700 for two separate days in March. A rise in the US dollar’s trade-weighted value, a rotation into riskier assets, and selling [...]

High Yield Bonds in View: Energy

Author Bryant Dieffenbacher, CFA Research Analyst Franklin Templeton Fixed Income What a difference a year makes! Our team last wrote about the high yield (HY) energy industry on 9 March 2020, following the collapse of talks among the oil-producing countries of the OPEC+ alliance (Organization of the Petroleum Exporting Countries, plus its allies Russia and other major oil producing countries). The [...]

Quick Thoughts: Why Our Managers Disagree on Inflation, Rates, and Growth

Author Stephen H. Dover, CFA Chief Market Strategist and Head of Franklin Templeton Investment Institute Franklin Templeton As the world’s economic engine revs faster, what can we expect ahead for interest rates and inflation? A recent global macroeconomic investment roundtable with three of our autonomous investment managers found commonalities and disagreements on the path for global economic growth, inflation, and [...]

On My Mind: A Tale of Two Recoveries

Author Sonal Desai, Ph.D. Chief Investment Officer Franklin Templeton Fixed Income The global recovery has gotten underway, but it also promises to become increasingly uneven across regions and countries—with important investment implications. The likely divergence between the United States and Europe stands out as especially significant. US President Joe Biden’s administration has outlined another US$2.3 trillion spending package, coming fast [...]

PODCAST: Anatomy of a Recession: Expecting an Economic Boom

Author Jeffrey Schulze, CFA Investment Strategist, ClearBridge Investments Hear more in our latest “Talking Markets” Podcast. A transcript follows. Transcript Host: Jeff, let’s start by looking back to the beginning of the year, where your view of economic growth was above the consensus view. Now, here we are in the second quarter; how do you see the remainder of the year [...]

Biotech Innovations Remain at Forefront

Author Evan McCulloch Director of Equity Research, Portfolio Manager Franklin Equity Group Akiva Felt Portfolio Manager, Research Analyst Franklin Equity Group Wendy Lam, Ph.D. Portfolio Manager and Research Analyst Franklin Equity Group The first quarter of 2021 was challenging for the biotechnology industry, as the selloff in March represented a sharp reversal from record highs in February. As the pace [...]

Quick Thoughts: The American Jobs Plan is Not Just an Infrastructure Plan

Author Stephen H. Dover, CFA Chief Market Strategist and Head of Franklin Templeton Investment Institute Franklin Templeton The biggest infrastructure proposal in over 50 years, The American Jobs Plan1 is not a traditional infrastructure plan. In addition to roads and bridges, it proposes significant investment in human infrastructure, education, and research, and is strongly focused on environmental infrastructure. It also [...]

Secular Tailwinds Prevail Across Market Cycles

Author Matthew J. Moberg Senior Vice President, Portfolio Manager, Research Analyst, Franklin Equity Group Over the long term, we believe innovation drives wealth creation in the economy and that investing in innovation offers a high probability of outperforming the market over a full cycle—approximately three to five years. However, in practice, our time horizons for investment are often much longer. [...]