// Insights


A Classic Barometer E-mail

4.15.14

A Classic Barometer

Investors seem a bit too eager to tout emerging market equities. Much as they did with technology stocks during the early-2000s, investors today are looking for the best re-entry point. Data clearly do not support anymore the notion that emerging markets are a superior growth story, yet investors seem to be ignoring the classic warnings signs for fear of missing out. One such classic warning sign is the slope of the yield curve. Historically, steeper yield curves have been reliable forecasters of stronger overall nominal economic growth and stronger profits growth. While US yield curves remain extraordinarily steep, emerging market yield curves tell a very different and disconcerting story.

Download PDF

 
The Importance of Beta Management E-mail

3.11.14

The Importance of Beta Management

Morningstar recently released “Mind the Gap-2014” which demonstrated that investors are generally very poor beta managers. The Morningstar data showed that investors’ performance lagged that of their funds by about 250 basis points per year for the past ten years because of poor beta management, i.e., investors tend to be very poor allocators of capital. Beta management is the core of RBA’s strategies, and we decided to reissue our 2011 report on beta management in light of these Morningstar data.

Download PDF

 
American Industrial Renaissance Revisited E-mail

2.19.14

American Industrial Renaissance Revisited

We first wrote about The “American Industrial Renaissance” in 2012, and it remains one of our favorite investment themes. We continue to implement this theme through small US-centric industrial companies and small financial institutions that lend to public and private industrial firms. It remains unlikely that the United States will be the manufacturing powerhouse that it was during the 1950s and 1960s, but many factors are suggesting that the US industrial sector will continue to gain market share.

Download PDF

 
Financial Times - Japan Shows Itself a Better Growth Story Than Emerging Markets E-mail

2.18.14

Financial Times - Japan Shows Itself a Better Growth Story Than Emerging Markets

Most investors readily admit the global credit bubble is deflating, but they have not significantly altered core investments accordingly. One of the biggest opportunities in the post-credit global economy is Japanese equities because Japan has the potential to increase competitiveness versus the emerging markets. Observers of Japanese stocks tend to focus on Prime Minister Shinzo Abe's policies, but such analyses might be overlooking a larger, even more favourable issue.

Download PDF

 
Market Share: The Next Secular Investment Theme E-mail

1.21.14

Market Share: The Next Secular Investment Theme

It is well known that corporate profit margins are at record highs. US margins, developed market margins, and even emerging market margins are generally either at or close to record highs. A myopic focus on profit margins may miss an important investment consideration. Whereas most investors remain fearful of margin compression, we prefer to search for an investment theme that could emerge if margins do indeed compress. Accordingly, our investment focus has shifted toward themes based on companies who might gain market share.

Download PDF

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 15
04.21.2014

Richard Bernstein on CNBC
Watch Video >

04.04.2014

Richard Bernstein on CNBC
Watch Video >

03.19.2014

Richard Bernstein on CNBC
Watch Video >

02.07.2014

Richard Bernstein on CNBC
Watch Video >

02.04.2014

Richard Bernstein on CNBC
Watch Video >

01.27.2014

Richard Bernstein on CNBC
Watch Video >

01.24.2014

Richard Bernstein on CNBC
Watch Video >

12.19.2013

Richard Bernstein on CNBC
Watch Video >

12.02.2013

Richard Bernstein on CNBC
Watch Video >

11.13.2013

Richard Bernstein on CNBC
Watch Video >

10.31.2013

Richard Bernstein on CNBC
Watch Video >

10.18.2013

Richard Bernstein on CNBC
Watch Video >

10.03.2013

Richard Bernstein on CNBC
Watch Video >

09.17.2013

Richard Bernstein on CNBC
Watch Video >

09.09.2013

Richard Bernstein on CNBC
Watch Video >

07.25.2013

Richard Bernstein on CNBC - Part 1
Watch Video >

07.25.2013

Richard Bernstein on CNBC - Part 2
Watch Video >

07.09.2013

Richard Bernstein on CNBC
Watch Video >

06.26.2013

Richard Bernstein on CNBC
Watch Video >

06.24.2013

Richard Bernstein on CNBC
Watch Video >

06.19.2013

Richard Bernstein on CNBC
Watch Video >

06.05.2013

Richard Bernstein on CNBC
Watch Video >

05.29.2013

Richard Bernstein on CNBC
Watch Video >

05.22.2013

Richard Bernstein on OTM with Maria Bartiromo
Watch Video >

05.21.2013

Richard Bernstein on CNBC
Watch Video >

05.08.2013

Richard Bernstein on CNBC
Watch Video >

04.05.2013

Richard Bernstein on CNBC
Watch Video >

03.11.2013

Richard Bernstein on CNBC
Watch Video >

03.07.2013

Richard Bernstein on CNBC
Watch Video >

02.20.2013

Richard Bernstein on CNBC
Watch Video >

02.19.2013

Richard Bernstein on CNBC
Watch Video >

02.13.2013

Richard Bernstein on CNBC
Watch Video >

01.22.2013

Richard Bernstein on CNBC
Watch Video >

01.08.2013

Richard Bernstein on CNBC
Watch Video >

01.07.2013

Richard Bernstein on CNBC
Watch Video >

12.18.2012

Richard Bernstein on CNBC
Watch Video >

12.03.2012

Richard Bernstein on CNBC - Part 1
Watch Video >

12.03.2012

Richard Bernstein on CNBC - Part 2
Watch Video >

11.21.2012

Richard Bernstein on CNBC
Watch Video >

11.15.2012

Richard Bernstein on CNBC
Watch Video >

11.06.2012

Richard Bernstein on CNBC
Watch Video >

10.24.2012

Richard Bernstein on CNBC
Watch Video >

10.17.2012

Richard Bernstein on CNBC
Watch Video >

10.10.2012

Richard Bernstein on CNBC
Watch Video >

09.21.2012

Richard Bernstein on CNBC
Watch Video >

09.10.2012

Richard Bernstein on CNBC
Watch Video >

08.30.2012

Richard Bernstein on CNBC
Watch Video >

08.08.2012

Richard Bernstein on CNBC
Watch Video >

07.11.2012

Richard Bernstein on CNBC Part 1
Watch Video >

07.11.2012

Richard Bernstein on CNBC Part 2
Watch Video >

General Disclaimer and Release Nothing contained on this website constitutes tax, legal, insurance or investment advice, or the recommendation of or an offer to sell, or the solicitation of an offer to buy or invest in, any investment product, vehicle, service or instrument. Such an offer or solicitation may only be made by delivery to a prospective investor of formal offering materials, including subscription or account documents or forms, which include detailed discussions of the terms of the respective product, vehicle, service or instrument, including the principal risk factors that might impact such a purchase or investment, and which should be reviewed carefully by any such investor before making the decision to invest. Specifically, and without limiting the generality of the foregoing, before acquiring the shares of any mutual fund, it is your responsibility to read the fund's prospectus. Links on this website to appearances and articles by Richard Bernstein, whether in the press, on television or otherwise, are provided for informational purposes only and in no way should be considered a recommendation of any particular investment product, vehicle, service or instrument or the rendering of investment advice, which must always be evaluated by a prospective investor in consultation with his or her own financial adviser and in light of his or her own circumstances, including the investor's investment horizon, appetite for risk, and ability to withstand a potential loss of some or all of an investment's value. Investing is an inherently risky activity, and investors must always be prepared to potentially lose some or all of an investment's value. Past performance is, of course, no guarantee of future results.

By using this website, you acknowledge that you have read and understand the foregoing disclaimers and release Richard Bernstein Advisors LLC and its affiliates, members, officers, employees and agents from any and all liability whatsoever relating to your use of this site, any such links, or any information contained herein or in any such appearances or articles (whether accessed through such links or downloaded directly from this website).


©2013 Richard Bernstein Advisors LLC. All rights reserved.