The American Century Podcast

Emerging markets are “very attractive” going into 2020, but Portfolio Manager Patricia Ribeiro outlines four potential challenges in her latest outlook video.

Global Small Cap Equity PM Trevor Gurwich is “cautiously optimistic” about 2020—but he's keeping a close eye on 3 things that could create market turbulence: trade war, Brexit and the U.S. presidential election.

Where might value investors find pockets of value headed into 2020? Sr. Portfolio Manager Mike Liss points toward energy, financials, industrials and pharmaceuticals.

In 2020, Portfolio Manager Brent Puff suggests we may see a “slow, steady improvement in the global economy.” Learn more about the 3 factors shaping his view.

Global Fixed Income Co-CIO John Lovito expects a “less exciting” year in 2020. Here's what that means. In his 2020 outlook video, Global Fixed Income Co-CIO John Lovito shares his fixed income expectations in terms of global central bank policy, developed markets and emerging markets.

Investors in Europe are continuing to invest in negative-yielding debt, in large part due to regulatory requirements around pensions, insurance and private banks. To make up for the loss, these investors are seeking out higher-income opportunities in other areas of their portfolios. As a result, investors may be taking on unintended risks. Portfolio Manager Histesh Patel explains the tradeoffs in our latest quarterly update. Get additional insights from our CIOs in the 4Q Investment Outlook: http://bit.ly/2OR3rdi.

Negative interest rates are currently used in Europe and Japan. Will they come to the U.S.? Maybe. Here are the potential economic impacts if they do.   Get additional insights in our latest Investment Outlook: http://bit.ly/2BdlFxE.

Value stocks rallied in the third quarter, performing evenly with growth for the first time since 2016. Portfolio Manager Mike Liss explains where his team is finding the best risk/rewards as markets navigate trade, global growth and interest rate uncertainty.   Get additional insights from our CIOs in the latest Investment Outlook: http://bit.ly/2Bca9CM.

According to Sr. Portfolio Manager Patricia Ribeiro, the reason we continue to find good names in China is because we start with the companies. Her team is looking for companies that are showing growth and increasing earnings—and there are plenty of them. Watch her latest quarterly update for an inside look into where they are finding those opportunities.   Get additional insights from our chief investment officers in the latest Investment Outlook: http://bit.ly/2nKMVAx.

“Even an aging bull can gore you.” Co-CIO Rich Weiss explains in his latest video why the team is taking a more cautious approach as the bull market ages.

At the midway point in 2019, the market's been a lot like recent years—but Large Cap Growth VP & Portfolio Manager Jeff Bourke is starting to see volatility pick up. So how does that shake out for the second half? That's the topic of our Q3 conversation.

Value versus growth. “It's been a tough slog,” says Global Value Equity Portfolio Manager Mike Liss. But in a slow growth environment going forward, he sees good risk-rewards in energy and banks. What industry is he intentionally staying away from? Find out in this midyear outlook.

To date, 2019 has brought “exciting” and unexpected twists, according to Global Small Cap Equity Portfolio Manager Trevor Gurwich. How does that—and the lingering uncertainty of trade relations and the Federal Reserve's decision on interest rates—affect portfolio construction? That's the subject this quarter.

Portfolio Manager Patricia Ribeiro is approaching the remainder of 2019 as though volatility, trade war rhetoric and political issues will continue—pointing out that companies within the emerging market space are used to uncertainty. In her midyear insights, she stresses the increasing importance of focusing investment decisions on the individual stock level.

Trends in most developed markets, and within emerging markets, are generally softer headed into Q3 of 2019. This creates a more challenging backdrop for Global & Non-U.S. Equity Portfolio Manager Brent Puff, who shares his quarterly outlook: “The one thing we can say with a high degree of certainty is there is [going to be] more uncertainty going forward.”

Head of Investment Solutions Cleo Chang looks at the growth and pace of debt since the 2008 crisis— global debt, household debt, student debt, corporate debt and governmental debt. Is it cause for concern? Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Portfolio Manager Patricia Ribeiro believes “there are always opportunities in emerging markets because they're all at different times in that earning cycle.” In this quarterly outlook, she shares why she's opportunistic about earnings opportunities in 2019. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

How is Emerging Markets Debt Portfolio Manager Margé Karner approaching the rest of 2019? In one word, selectively. In this quarter's outlook video, she shares how the Federal Reserve's pivot and China help steer her investment strategy. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Despite the first quarter market rally, Global & Non-U.S. Equity Portfolio Manager Brent Puff notes slowing global growth. What's that mean? The pace of corporate profits is under pressure, which means a more difficult backdrop for equities. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

There is a time to play offense, and there is a time to play defense. Global Fixed Income Co-CIO Charles Tan believes it's time for the latter after witnessing a broad-based rally across risk markets, urging investors to use caution.  Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

In the current volatile environment—where generating alpha can be challenging—what is the key to success? Large Growth Portfolio Manager Keith Lee shares his thoughts in our quarterly outlook video. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Six months ago, Multi-Asset CIO Rich Weiss said markets had a “split personality” – and its performance continues to support his theory. After a rough second half of 2018, we've seen a notable turnaround in 2019. How much longer can it last? That's the subject of his quarterly outlook video. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Despite the slowdown in global gross domestic product, global value equity portfolio manager Mike Liss believes a recession is unlikely. In this quarter's outlook video, he shares sectors that provide what he thinks are good risk/reward profiles: medical devices and energy. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Six months ago, the economic landscape was “tumultuous” for Global Growth Equity Portfolio Manager Trevor Gurwich. But now—thanks to tailwinds from Federal Reserve policy, U.S. job growth and an improving relationship between China and the U.S.—he describes the environment as “extremely supportive.” Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Going into the second quarter of 2019, Portfolio Manager Rene Casis expects to see new ETF products that are more actively oriented. He also shares guidance on how financial advisors can overcome challenges related to implementation—by thinking about the investor's outcome and remaining patient.  Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Portfolio Manager Prabha Ram looks forward to “robust growth” in 2019. What guides her investment strategy? Consumer demand, Federal Reserve policy and business fundamentals. Learn more about the definitions to financial terms included in this podcast at https://corporate.americancentury.com/en/glossary.html.

Investors have been spoiled with the last few years, enjoying strong market performance. But if market growth rates were to slow to single digits in 2019, Sr. Portfolio Manager Steve Brown believes REITs and their dividends could become more attractive. Find out where he sees opportunities and risks in this quarter's update.​

Multi-Asset CIO Rich Weiss describes 2019 as likely having a split personality—one for the first half, and another for the second. “The first half of the year, we're searching for a bottom,” he said in his January 2019 outlook. “Once that's found, for the second half of the year, we're liable to be in recovery mode.”

Moving forward into 2019, Portfolio Manager Rene Casis sees three themes shaping the markets: inflationary concerns, rising interest rates, and increased volatility. What does that mean? Advisors will need to be more thoughtful about the portfolio construction process behind exchange-traded funds, or ETFs.

2018 challenged emerging markets (EM). Political uncertainty, trade wars and central bank policies caused the markets to price in no growth for EM. Despite these difficulties, Patricia Ribeiro and the Emerging Markets team think 2019 will be a positive year for EM. Get her take on the opportunities and challenges ahead in this 2019 outlook.

While the end of 2018 may have been rocky for financial markets, our value team is excited about their prospects in 2019. In this quarter's update, Sr. Portfolio Manager Mike Liss discusses where his team is looking for good risk/rewards for client portfolios, and what continues to worry him heading into 2019.

2019 could be an interesting year from a global growth perspective. In this quarterly update, Portfolio Manager Margé Karner discusses the good and the bad from a macroeconomic perspective, and how her team plans to navigate through the noise in the new year.

Brexit and trade negotiations with China were big topics at the end of 2018, and we think we'll see some resolutions in 2019. But in fixed income markets, all eYes are on the Federal Reserve and what they might do in the year ahead. Co-Chief Investment Officer John Lovito explains the great debate, and what he thinks is likely to happen.

Volatility makes many investors nervous, but Fixed Income Sr. Portfolio Manager Kevin Akioka sees opportunity amid changing market conditions. This quarter he shares how rising rates will impact the credit market and why he's optimistic about certain credit sectors.

Looking forward to 2019, we think there's a great opportunity for small caps to rally again. Sr. Portfolio Manager Jeff John gives three reasons why in his latest quarterly update.

The return of volatility in 2018 has many investors questioning where we are in the economic cycle. Some think markets have peaked, while others believe there's room for markets to accelerate. In his latest quarterly update, Portfolio Manager Jeff Bourke describes how our growth teams are navigating this uncertain environment to find compelling long-term growth opportunities.

Market expectations are low coming out of 2018, driven by three major fears. In his latest quarterly update, Sr. Portfolio Manager Brent Puff explains these fears and their potential implications for global growth markets in 2019.

In Q4 2018, VP & Sr. Portfolio Manager Brent Puff continues to believe equity returns will remain positive going forward for two reasons. See what they are in his latest outlook video.

Rising rates. Trade War. A new NAFTA. In this quarter's outlook video, Global Fixed Income Co-CIO John Lovito covers a range of topics that affect global investors.

“The markets were not rewarding fundamentals.” Instead, they were driven by news headlines, political events and worries of contagions. That's the headline of Emerging Markets VP & Sr. Portfolio Manager Patricia Ribeiro's Q4 2018 outlook. Are we close to a turnaround? Hear her thoughts.

Tariffs, counter tariffs and extremely strong corporate profit growth. That was the story of Q3 2018, but Global Value Equity VP & Sr. Portfolio Manager Mike Liss sees slowing growth headed into 2019. In this quarter's outlook video, he speaks to headwinds and tailwinds that lead him to believe the market will continue to creep higher.

Growth investing was still in favor during Q3 2018—but to a lesser extent. How does Large Cap Growth VP & Portfolio Manager Jeff Bourke approach the current value-driven market? He shares three reasons he's not worried in this quarter's outlook video.

Many high-level economic indicators look positive, but American Century CIO Rich Weiss nevertheless believes we're beyond the proverbial “bottom of the ninth” for the current bull market — and into extra innings.

Are emerging markets close to the bottom? Vice President and Senior Portfolio Manager Margé Karner believes the answer is "yes" — and she goes on to share her perspective that the global backdrop is supportive. 

Small Cap Value Vice President & Senior Portfolio Manager Jeff John believes the small cap value discipline presents "great opportunities" despite its recent lag.

Since early 2018, SVP Head of Investment Solutions Cleo Chang has been talking about the flat—and still flattening—yield curve, as well as rising rates. How does that put pressure on certain businesses? And what does it mean to active managers? Find out how the American Century team is approaching Q4 2018.