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Below are our five most recent Knowledge Centre materials. To view all materials, as well as filter by the markets we serve and by material type, please visit our Knowledge Centre Archive.
There is no question that U.S. Federal Reserve (Fed) Chairman Ben Bernanke has made his mark. Over the years, there have been a variety of terms used to describe Bernanke’s behaviour and mindset. Journalists and investment professionals were given plenty of fodder to aid in the process. During the course of two terms as chairman of the Federal Open Market Committee (FOMC), Bernanke had to orchestrate his way through varying scenarios—including some that a right-minded person would not wish upon your worst enemy.[... More]
The monetary policies of global central banks remain accommodative and are expected to continue as such, while global growth builds momentum. Concerns related to the U.S. Federal Reserve tapering of bond purchases, sustainability of corporate profits and Chinese output resulted in a pullback in global equities, while global fixed income gained. SEI does not believe the elements of a more serious equity bear market are in place. The most important drivers of stock-market performance in our framework are still flashing neutral-to-positive signals.[... More]
Return, risk and correlation estimates are fraught with uncertainty (the inability to know whether our estimates are correct, even if our method of estimation is unbiased). Diversification, while always desirable, is especially valuable in the presence of uncertainty. In fact, uncertainty can render diversification a more “optimal” solution than traditional mean-variance optimisation. This is why we pursue diversification in all market environments and why we maintain balanced portfolios, regardless of recent returns.[... More]
The generally positive sentiment that prevailed at the end of 2012 extended into January 2013. The last-minute (and much needed) passage of the U.S. fiscal cliff legislation on 1 January helped to maintain the encouraging tone. After an optimistic January, February’s mood was marred by the sequestration in the U.S., a disappointing election result in Italy and news of a credit rating downgrade of U.K. sovereign debt. March was dominated by events in the eurozone and Cyprus in particular. March finished on a positive note, as the U.S. Congress passed an extension to the nation’s debt ceiling with little fuss or brinksmanship.[... More]
We’re confident that global economic growth will accelerate in 2014, led by the U.S. with important assists from other developed countries. China also should maintain a vigorous growth rate, helping to sustain global trade. We expect the U.S. Federal Reserve to continue to slowly ease stimulus efforts, while the eurozone is likely to remain troubled.[... More]