Prior to joining the firm, Vladimir worked for UBS Global Asset Management in London, where he was an analyst responsible for stock selection of consumer staples holdings in key client mandates. In investment management with Distinction from City University Business School and a Master’s in finance with Distinction from St Petersburg State University of Economics and Finance. The MFS Capital Markets View entering the second quarter of 2022 that aggregates MFS insights on the equity and fixed income asset classes across regions and countries. Wealth by Virtue: Rise Above the Maze… BY CHAD GORDON The MFS Capital Markets View entering the third quarter of 2022 that aggregates MFS insights on the equity and fixed income asset classes across regions and countries. Fixed Income Portfolio Manager Matthew W. Ryan and Institutional Portfolio Manager Katrina Uzun share views and positioning on the emerging markets debt asset class, including why selectivity remains as important as ever. A comprehensive view of the key themes that we believe will likely influence the macroeconomic and capital markets environment in 2022.
In this note, Rob Almeida shares an update on some key investment considerations surrounding Russia’s invasion of Ukraine. The war in Ukraine has produced many headlines and short-term market moves, but fundamentals rather than headlines are what have driven returns. In this paper we analyze factor dynamics through the US economic cycle and show that fluctuations in economic activity and economic cycle phases can be relevant to factor performance. At MFS, we believe success in fixed income comes down to our people and our process — our Active 360° Approach. Institutional Portfolio Manager Chris Zani provides insight on the unusual performance of the quality factor globally in 2022. In this brief paper Chris Zani looks to put into context the recent rally in value from both a historic and relative valuation perspective.
Geopolitical Risks in Focus
The Canada regional edition of our mid-year MFS Long-Term Capital Market Expectations. The proprietary expectations represent a forward look over a 10-year time horizon as of July 2022. The Australia regional edition of our mid-year Long-Term Capital Market Expectations in Australian Dollar terms. These proprietary expectations represent a forward look over a 10-year time horizon as of July 2022. In this paper, Institutional Equity Portfolio Manager Nick Paul explores the characteristics and potential benefits of a global small/mid-cap investment approach.
We believe that the starting point for market today is vastly different from that of the past decade. And, with rising rates, higher inflation, and shrinking liquidity, investors who seek the best companies across the global markets could help maximize portfolio returns. Many people who own investment-grade bonds likely have exposure to the agency mortgage-backed securities sector and may not even realize it. This paper explores what investors need to know about MBS investing and considerations in today’s market environment. Vladimir is a portfolio manager and head of ESG research for the London-based International Equity team. He joined Morgan Stanley in 2009 and has 20 years of investment management experience.
This MFS case study highlights the importance of adopting a system-wide perspective on corporate emissions data accounting and reporting while pursuing workable solutions in the journey to net zero. An entity that is not established in the EU or regulated by an EU National Competent Authority. You will not benefit from the protections available to clients receiving regulated investment services. You have read our Risk Disclosure and have the necessary knowledge and experience to understand the risks involved. You are solely responsible for withholding, collecting, reporting, paying, settling and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction in which You may be liable to pay tax. PrimeXBT shall not be responsible for withholding, collecting, reporting, paying, settling and/or remitting any taxes which may arise from Your participation in the trading with margin.
As a result, TINA, or “there is no alternative,” may be falling out of fashion as an asset allocation strategy. This paper examines considerations for asset allocation strategies across growth and value in todays market environment. MFS fixed income experts examine characteristics of the US taxable GO Markets Forex Broker Review municipal asset class and put forward a compelling case for investors to initiate or increase a strategic allocation to taxable munis. Our fixed income ESG analyst explains what “greenflation” is and discusses why ESG integration into an active fixed income investment process matters so much.
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- Invests in both high quality compounders and value opportunities, primarily in developed markets outside the US.
- Pegged exchange rates are often pointed out as more prone to risk of overvaluation, because their real exchange rates have a tendency to appreciate.
- MFS housing sector experts explore trends, risks and opportunities in the US housing market from both a fixed income and equity perspective.
- This white paper examines the current risks, uncertainties and opportunities in global fixed income.
In this case study, we describe how, through fundamental analysis and thoughtful issuer engagement, we were able to reevaluate a third-party ESG rating to find attractive fundamentals and an improving ESG outlook. MFS Sustainable Investing experts explain why they believe engagement is more powerful than exclusion as a way to encourage long-term value creation and economic growth. Annual report reviewing ESG integration, proxy voting and engagement activities at MFS for 2021. Rob Almeida examines today’s excesses and what is important for investors to understand about this phase of the cycle. Get the latest on global markets and economies as well as what’s top of mind for our thought leaders.
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In this paper, we discuss how equity styles or factors have performed over different inflation environments. In this paper, we explain how commodities can be an important diversifier for investors during periods of higher inflation and why we believe a reasonable allocation to the asset class could be an integral component of multi-asset portfolios. Against a backdrop of higher short-term interest rates, Rob Almeida explains how not only might stocks ForexEE Forex and bonds become more correlated, but investment styles such as growth and value may also sync more closely than in the past. We explore the shifting dynamics across the high-yield bond market and how long-term active managers strive to manage risk and seek to exploit dislocations in this segment of the bond market. This edition of The Big Mac offers a deep dive into fixed income valuation from the point of view of the strategic investor.
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We believe that beyond near-term volatility the valuation backdrop for fixed income is compelling, especially for investors with a longer time horizon. In this Canadian Fixed Income Insight, we explain why we believe we are moving closer to a major macro turning point that, in our view, should provide a supportive backdrop for the Canadian fixed income asset class. Invests in global high-quality, franchise businesses, characterized by dominant intangible assets, high returns on invested capital and strong free-cash-flow generation.
Responsible Investing Policy Statement
In this podcast episode, Municipal Bond Analyst Tom Compton joins Rob Almeida, Global Investment Strategist, to explore the fundamental credit strength of state and local municipal issuers and what could potentially derail their revenues. MFS is pleased to present our mid-year edition of our Long-Term Market Expectations. This quarterly report provides an update on our ESG integration efforts, in addition to proxy voting and company engagement highlights from the three-month period ended 30 June 2022.
The value opportunities tend to be more cyclical, with improving or mispriced fundamentals. In Episode 6 of the All Angles podcast, Vishal Hindocha and Nevin Chitkara discuss why a ‘scalpel’ approach can help investors better analyze ESG factors and engage with companies. Plus, discover which governance issues are top of mind right now and how these issues differ around the world. This paper examines the implications of the geopolitical conflict for global growth, inflation and the markets.
MFS Strategic Climate Action Plan
Erik Weisman and Benoit Anne examine the current trajectory of the US economy and potential implications for the fixed income markets. The October 2022 MFS Digest that highlights key market themes, hot topics, and investment insights from across MFS. Invests in high-quality resilient companies with strong management, high returns on capital, and strong free-cash-flow generation.
Provides insight on MFS’s deep history and expertise fixed income as well as its risk managed approach and Global Research Platform. MFS Emerging Markets Debt investment team shares their perspective on the shifting political landscape in Colombia and the potential effects on its economy and finances. MFS Chief Economist Erik Weisman examines the important similarities and key differences between today’s elevated inflationary environment and the high inflation levels of the 1970’s. PrimeXBT Trading Services LLC is incorporated in St. Vincent and the Grenadines as an operating subsidiary within the PrimeXBT group of companies.
Rob Almeida, global investment strategist, and global fixed income portfolio manager Pilar Gomez-Bravo explore risks in today’s global bond markets and how we seek to capitalize on changing market dynamics to drive long-term value. Municipal fixed income portfolio manager Megan Poplowski shares her perspective on the today’s municipal bond market, including reasons for caution and reasons for optimism going forward. Pegged exchange rates are often pointed out as more prone to risk of overvaluation, because their real exchange rates have a tendency to appreciate.
Integrating sustainability and ESG factors in the fixed income investment process. The MFS Digest presents the key market themes and investment highlights from the fourth quarter of 2021. MFS Emerging Markets Debt investment team provides an update on Russia and Ukraine and its potential impacts on EMD investors. How we help our clients achieve their investment goals by employing an investment approach that integrates environmental, social and corporate governance.