INVESTMENT INSIGHTS | April 2014 | FEATURING Brad Barrett
INVESTMENT INSIGHTS | April 2014 | FEATURING Rob Lovelace
There are periods of fundamental change that can transform the way we live and work. The Industrial Revolution, of course, changed everything from agriculture to the social structure, effectively ending the way mankind had functioned for thousands of years.
Today it seems as if we are in the middle of another revolution, and clearly these changes pose significant challenges and opportunities for long-term investors.
MARKET COMMENTARY | Fri Mar 07 12:59:19 PST 2014
INVESTMENT INSIGHTS | February 2014 | FEATURING Mark Denning
Over the past 40 years, the global economy has become increasingly interdependent. Free trade agreements, the European Union, economic reforms and the rise of a middle class in developing economies has allowed companies to compete for customers, labor, capital and natural resources on a global basis.
INVESTMENT INSIGHTS | February 2014 | FEATURING Eu-Gene Cheah
The 39 New Drugs Approved in 2012 Represented the Most Approved in More Than a Decade
INVESTMENT INSIGHTS | February 2014 | FEATURING Claudia P. Huntington
Look Beyond Europe-Domiciled Companies
INVESTMENT INSIGHTS | February 2014 | FEATURING Steve Watson & Claudia P. Huntington
Balancing Act: The Engines of the Global Economy May Be in the Process of Trading Places
Maybe the developed world isn’t quite ready to be put out to pasture after all. Suddenly, the United States seems to be feeling spry, Japan is shaking off the doldrums and Europe has a little bit of spring in its step.
Indeed, there are signs of stability and strength on a variety of fronts for all three of the old-school engines of the global economy. The advances may be gradual and fitful, but they are nonetheless reassuring evidence of the adaptability and vitality of the world’s largest developed economies.
INVESTMENT INSIGHTS | February 2014
Rising incomes have introduced emerging markets consumers to a wide variety of luxuries common in the developed world, from better education and health care to smart phones and luxury automobiles. But developing nations have also increasingly adopted Western lifestyles and diets, predisposing large portions of their population to a serious epidemic: Type 2 diabetes.
MARKET COMMENTARY | January 2014
Stocks ended the year with strong gains in developed economies, reaching historic highs in several key markets. Central bank stimulus, an accelerating U.S. economy, and improved corporate earnings supported higher valuations in the U.S, Europe and much of Asia. Emerging markets trailed developed markets, hampered by concerns about U.S. monetary policy. Information technology stocks rallied around the world, while rising interest rates weighed on the utilities sector. U.S. Treasury bonds declined as rates reached a high point for the year and investors moved out of safe-haven assets. The dollar fell 2% against the euro but rallied 7% versus the yen.
American Funds Portfolio Manager Jim Rothenberg discusses the reliance of China’s future growth on the strength of the overall global economy, despite a rise in Chinese domestic consumption.
American Funds Portfolio Manager Jim Rothenberg discusses the health of companies based around the globe and finds reasons for optimism, as well as some concerns, going into 2014.
American Funds Portfolio Manager Jim Rothenberg discusses the unexpected strength of the U.S. market in 2013, how it led activity in the global economy and how the U.S. and global economies will influence each other in 2014.
MARKET COMMENTARY | January 2014
Stocks enjoyed a strong rally in developed markets, supported by central bank stimulus, improving economic activity and reasonably good earnings growth. Emerging markets equities and most fixed-income markets declined as the U.S. Federal Reserve contemplated and later implemented a reduction in its massive bond-buying programs known as quantitative easing. The Fed action drove interest rates higher, pressuring bond markets and reducing demand for higher risk assets. Gold and silver prices plummeted as concerns about inflation waned.
Most sectors enjoyed double-digit gains for the year, led by consumer discretionary and health care stocks. Telecommunication services stocks advanced amid resurgent M&A activity. Corporate bond issuance soared as companies sought to lock in low borrowing costs. The year closed on a positive note as several key stock market indices reached all-time highs in December. U.S. equities rose 32%, the largest gain since 1997.
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