Many economies around the world are in a debt hole. And despite the intentions of central bank policies to hoist these economies, we’ve instead seen stimulus get trapped in the capital markets, driving up asset prices in an environment on already uncertain footing. It’s times like these when a highly-disciplined approach – one which focuses on the highest quality and best value – may help investors alleviate downside risks and uncertainty.
At Pyrford, we see a beacon of light in Asia, excluding Japan. These markets offer much better value because they haven’t printed money. Expanding labor forces and growing productivity trends are among other forces that cause us to gravitate to Asia ex-Japan.
Tony Cousins, Chief Executive and Chief Investment Officer at Pyrford International, expands upon the international investing themes of 2017 and shares Pyrford’s approach.
- International equities: themes for 2017 and beyond (white paper)
- International equities: themes for 2017 and beyond (podcast episode)
- Video: Pyrford’s approach centers on quality and value
- Global Investment Insights: The Trump era begins
- Global Investment Insights: Global greying and demographic drags
- Finding quality overseas
Pyrford International Ltd. (Pyrford) is a registered investment adviser and a wholly owned subsidiary of BMO Financial Corp. BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).