Barron’s (August 14)
“Investors have typically penalized emerging markets such as Turkey, Argentina, and China due to concerns about the independence of the central bank, government intervention in the private sector, and rampant overspending.” Now these concerns are focused on “the U.S., which has historically been the paragon of a developed market.” Investors are reevaluating “the premium that U.S. assets have long commanded” and this could lead to “weaker long-run returns for stocks or, more immediately, higher bond yields and a continuation in the weakness of the dollar that has emerged this year.”
Tags: Argentina, Bond yields, Central bank, China, Developed market, Emerging markets, Government intervention, Independence, Investors, Overspending, Paragon, Penalized, Premium, Private-sector, Rampant, Reevaluating, Returns, Stocks, Turkey, U.S. assets
Institutional Investor (August 4)
“Rampant inflation means the total return that private and community foundations need to break even and pay their beneficiaries is about as high as it’s ever been.” As they face “some of the most challenging mandates they’ve ever encountered,” foundations “will have to make tough decisions about risk and spending to survive.”
Tags: Beneficiaries, Break even, Challenging, Foundations, Inflation, Mandates, Rampant, Risk, Spending, Total return
