Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hasenstab Hunts EM Investments With a Rifle, Not a Shotgun Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 14, 2016

Hasenstab Hunts EM Investments With a Rifle, Not a Shotgun

Reported by Neil Anderson, Managing Editor

"One cannot take a shotgun approach to investing in emerging markets. It really has to be a rifle."

Michael Hasenstab
Franklin Templeton
Fund Manager *Photo by Jim Tweedie - Wyckoff-Tweedie Photography*
So argues Michael Hasenstab, star Franklin Templeton [profile PM and Templeton Global Macro executive vice president and chief investment officer, in his opening keynote remarks this afternoon at the 2016 Morningstar Investment Conference at McCormick Place in Chicago.

Hasenstab calls emerging markets "the most unloved asset class in the last two to three years" and "one of the worst performing sectors." A packed crowd of advisors, fundsters, and other industry insider have turned out to to hear Hasenstab's take on the opportunities in emerging markets despite all those headwinds.

Hasenstab points to India, Indonesai, Malaysia, Mexico, and the Philippines as "very solid countries that are just mis-priced". And he points to Brazil as one of the "situations in distress where we can see a way out."

In terms of predictions, Hasenstab foresees more appreciation of the U.S. dollar (against other major currencies), worries about the fundamentals of U.S. Treasuries valuations, and does not expect a "hard landing" in China.

Also, in response to an advisor question about currency investing, Hasenstab clarifies that his team's approach is long-term.

"We would not refer to it as gambling," Hasenstab says, adding that currencies "ultimately reflect long-term econ fundamentals." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Board Oversight of ETFs, March 3
  2. FinReg Outlook 2021, March 10
  3. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  4. Irish Funds North American Digital Seminar, March 11
  5. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  6. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  7. Women for Impact - A Call to Action, March 16
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  9. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  10. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  11. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  12. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  13. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  14. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  15. ETF.com Awards 2020, April 20
  16. The 31st Sub-Advised Funds Forum, Apr 20-21
  17. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  18. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  19. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  20. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  21. ICI 2021 General Membership Meeting - Day 1, May 6
  22. ICI 2021 General Membership Meeting - Day 2, May 13
  23. 2021 FINRA Annual Conference, May 18-20
  24. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  25. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  26. Irish Funds Online Annual Global Funds Conference 2021, May 19-20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use