Is recession already baked in?

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After major indices on US stock markets hit all-time highs in July, the plunge in bond yields is bringing increasingly agitated warnings about worsening growth and recession. Writing in a blog, Principal Global Investors Chief Global Economist, Dr Bob Baur said, “this agonising may simply mean that we are in the worst of the slowdown. […]

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Good financial returns may be hard to find

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“Intensified trade tensions and disappointment with interest rate cuts by the Fed could provoke a relapse in equity markets.” That’s the view of Principal Global Investors Chief Global Economist, Dr Bob Baur. Writing in his July monthly economic notes, Dr Baur argued that even if world growth picks up as expected, good financial returns might […]

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Is the end in sight for the world slowdown?

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Interest rates: near a low in long-bond yields  “The eight-month plunge in 10-year U.S. treasury bond yields is likely over. Yields will slowly work higher into year-end. At some point, rising interest rates will become a problem for stock and credit markets, likely late next year or in 2021.  “For 35 years, yields on 10-year U.S. […]

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Short and Sharp: Everything is not okay

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Another tweet, another big market move. Last Friday, as many investors were making their peace with reallocations towards expensive safe havens, defensives, and higher quality assets, President Trump turned things on their head again by tweeting that he had decided to suspend tariffs on Mexico (announced a mere week earlier). Risk assets promptly rallied, but […]

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Strategic hire bolsters Principal’s Australian presence

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Principal Global Investors has announced the appointment of Warwick Boys to the role of Director of Institutional Sales for Australia. Based in Sydney, Mr Boys will report to Helen de Mestre, Managing Director and Country Head for Principal Global Investors (Australia) Limited, and will work alongside Michael Gaffney, who has been Principal’s Director of Institutional Sales […]

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US chasing Australia on economic expansion, says Principal

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Principal’s Chief Global Economist, Dr Bob Baur, looks at how global markets fared in March. World economic outlook: green shoots “Stock markets plunged in December as evidence began to accumulate that a recession might be around the corner. Growth in China slowed significantly throughout 2018 and the fourth quarter rebounds in Europe and Japan were […]

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Principal fund named best global real estate fund over past 10 years at Lipper Fund Awards from REFINITIV US

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Principal Global Investors has been awarded a Lipper Fund Award from REFINITIV US for the Principal Global Real Estate Securities Fund, Institutional (Class I: POSIX). These awards recognise funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers. Principal Global Real Estate Securities Fund, Institutional was named the best global […]

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Lowdown on the global growth slowdown from Principal Global Investors

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Market outlook: Is the monster rally over? “Last month, I suggested the odds favored another market downdraft, something approaching December’s lows. Didn’t happen; stocks kept roaring higher. The S&P 500 Index soared 6.6% in December, 7.9% in January, and 3.0% in February, for a total 18.4% compound gain since Christmas. That’s an amazing run. Of […]

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No delight for Turkish Lira with Trump’s sanctions and tariff threats

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Principal Global Investors’ Chief Global Economist, Bob Baur, takes a look at how Trump’s sanctions and a threat of tariffs on Turkish exports to the US are propelling the downdraft 17 August 2018 Trade, Turkey, Tariffs, Trump and turmoil “The currency had already been weakening this year, along with emerging economies in general, on account […]

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Not all investments will weather the ‘trade tension storm’ equally, says Principal

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The hardest pill for investment markets to swallow is the increasing uncertainty in the tone of global trade discussions and the doubt it introduces into business and consumer sentiment. That’s according to new commentary from Principal Global Investors. Speaking about commercial real estate, Senior Managing Director of Global Research and Strategy at Principal Real Estate Investors, Indraneel Karlekar said: “Commercial real estate has defensive characteristics that may […]

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