After an exciting rally for emerging markets, especially local currency bonds, our latest podcast reviews the drivers behind performance and whether the momentum could continue.

Emerging Markets Reach Fork in the Road

In this panel discussion, our experts assess the opportunities and risks in global corporate credit markets and what investors may see in the second half of the year:

Credit Roundtable: It Pays to Be Patient

From the Federal Reserve to banking stress, our experts discuss the top-down macroeconomic forces and bottom-up fundamentals impacting U.S. and global corporate bond markets.

Credit Roundtable: An Interesting Place to Be

Paul Mielczarski and Katie Klingensmith review the components driving inflation and discuss how these factors are shaping the team’s macroeconomic outlook and views on duration.

Untangling the Sticky Situation with Inflation

Despite lingering cyclical tailwinds, Portfolio Manager Anujeet Sareen believes the factors that drove the dollar higher are reversing, setting the stage for a multi-year decline in the greenback.

U.S. Dollar Growth Drivers Set to Reverse

Taking a multi-sector view across global credit markets, Brian Kloss and Katie Klingensmith discuss where they see opportunities and how they are balancing risks and liquidity.

Where Credit Is Due

Jack McIntyre and Katie Klingensmith assess the inflation situation in the U.S. and globally and the potential for inflation expectations to open the door for a wage-price spiral.

Much Ado about Inflation

The U.S. dollar bull market has been underway for some time, defying expectations. Anujeet Sareen and Katie Klingensmith discuss the drivers behind the dollar’s extraordinary strength.

The U.S. Dollar Defies Gravity

Emerging markets face several headwinds to growth. Alberto Boquin and Katie Klingensmith discuss these challenges, including whether early, significant monetary tightening can curb inflation.

Emerging Markets Test Inflation Credentials

According to Director of Global Macro Research Francis Scotland, it is difficult to imagine the U.S. economy will not experience at least an intense period of softness or weakness, or even a brief recession, over the next several months. As he and Senior Vice President – Investment Specialist Katie Klingensmith discuss in this podcast, the Russia-Ukraine war’s impact on energy prices and growth in Europe, China’s ongoing battle against Covid, and the erosion of real incomes caused by high inflation are conspiring to create a dismal global growth trajectory. Correspondingly, a meaningful swoon in inflation later this year also may be on the table. They discuss how these developments could in turn affect bond investors.

A Meaningful Swoon in Inflation

Around the Curve from Brandywine Global Investment Management is a resource for global macroeconomic research, as well as fixed income and equity thought leadership within the asset management industry.

Embedded in the Treasury yield curve is a wealth of information about what the market expects for interest rates, inflation, and growth going forward. But just how accurate is the yield curve as a recession indicator? In this podcast, Portfolio Manager Jack McIntyre and Senior Vice President – Investment Specialist Katie Klingensmith decode the factors that influence its shape and what the curve might currently be signaling..

Yield Curve Signal: SOS or Smooth Sailing?

The U.S. Federal Reserve (Fed) faces a difficult monetary policy balancing act, needing to address steep inflation on one side without crushing economic growth on the other side. In this podcast, Managing Director and Portfolio Manager David Hoffman and Senior Vice President – Investment Specialist Katie Klingensmith put the current macroeconomic and policy environment into context and discuss the Fed’s likelihood for success.

The Fed’s Difficult Balancing Act

Currently, there appear to be few places for investors to hide from global turmoil and rising inflation. In this podcast, Portfolio Managers Bill Zox and John McClain, along with Vice President – Portfolio Specialist Amer Hasan, discuss the impact of recent events, from the war in Ukraine to Federal Reserve tightening, on financial markets and why U.S. high yield may present opportunities.

Global Uncertainty Creates Domestic Opportunity in U.S. High Yield

Inflation is the topic on everyone’s minds. In this podcast, Francis Scotland and Katie Klingensmith discuss implications and policy responses to address inflation, and why this cycle is different.

Not Your Normal Inflation

In Franklin Templeton's latest “Talking Markets” podcast, Bill Zox and John McClain, portfolio managers with Brandywine Global, join Amer Hasan to discuss how current market and economic conditions could benefit high yield investors, the opportunities and risks right now, and why the asset class is often overlooked or misunderstood.

Podcast: High Time for High Yield?

As a member of the UN PRI’s Credit Rating Advisory Committee, research analyst Will Vaughan joined the organization’s head of fixed income as well as Moody’s Investors Service for their first podcast in a series on ESG factors, credit risk and ratings.

PRI Podcast: ESG in Credit Risk and Ratings

We are dedicating our podcasts as a forum to highlight our ongoing Environmental, Social, and Governance (ESG) initiatives within each team’s investment process. Patrick Kaser and Jim Clarke of the Fundamental Equity team discuss how ESG factors are integrated into their investment process and highlight some of their favorite research examples. Ultimately, Patrick and Jim underscore that ESG analysis should be an inherent part of evaluating price and information risk, particularly for equity investors who conduct bottom-up research.

ESG Factors Are Inherent to Our Fundamental Equity Team's Process

Late last year, we proposed the idea of the U.S. trading places with the global economy in 2019. We explain why global growth decoupled from the U.S. last year, and review the broad factors that will play an important role in our 2019 growth expectations: monetary policy, fiscal policy, and trade. Listen to members of our Global Fixed Income cover these topics in depth during our first podcast in the New Year.

What Will It Take to Trade Places in 2019?

Global growth has desynchronized this year, while political trends around the world have become synchronous. Brian Giuliano and Anujeet Sareen, members of our Global Fixed Income team, explain how fiscal and monetary conditions in China as well as the evolution of the U.S.-Sino bilateral relationship, could change the trajectory of global growth in 2019. Our Global Fixed Income team also examines how fiscal policy around the world may begin to reflect a shift in global political sentiment.

Synchronization versus Desynchronization

With the return of volatility in the second quarter, we cover some of the key players in the current macro environment: the U.S., emerging markets and China, and Europe. We kick off our discussion with U.S. economic fundamentals and whether that gives the Federal Reserve enough cover to tighten a fourth time in 2018 or if the central bank will instead heed signals from the U.S. Treasury yield curve. Most importantly, we cover the U.S. dollar extensively, including our dollar outlook and what role the currency plays in the Trump Administration’s agenda. Our deep dive into U.S. fundamentals then drives the rest of our conversation that covers developed market tightening, emerging markets, U.S.-China trade, to finally close with recent political developments in Europe.

Nothing Moves in a Straight Line

Around the Curve

The best podcast episodes on Startups. For anyone working in a startup, or anyone interested in the incredible stories behind how people built companies like Instagram, and Facebook. Offering both practical advice and insights, as well as the stories for how many of the biggest startups got to where they are today. Add episodes you're interested into your queue below!

OwlTail

Best Startups Podcasts

The best podcast episodes about true crime. For any thrill seeking podcast listeners who just can't get enough of the captivating stories of murderers and criminals. This topic has all the best episodes from many different true crime podcasts.  Add episodes you're interested into your queue below!