Capital Ideas Podcast

Julian Abdey, a seasoned portfolio manager at Capital Group and dubbed Dr. Doom for his prescient analyses before the financial crisis, shares his insights on navigating investment challenges. He emphasizes the need for flexibility in strategies as market conditions shift, highlighting the potential of small-cap investing in emerging markets like Japan and India. Julian discusses his transition from academic ambitions to a successful investing career, the influence of mentorship, and even reflects on personal achievements, blending professional wisdom with heartfelt anecdotes.

The U.S.-led trade war may change globalization in a profound way, but it won’t kill it, says Capital Group portfolio manager Steve Watson, a global equity investor with 37 years of experience. “Globalization isn’t dead,” he insists. Listen in to hear his reasons why. #CapGroupGlobal     For full disclosures go to capitalgroup.com/global-disclosures   For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you’re based outside of the U.S., visit capitalgroup.com for Capital Group insights.   Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://www.youtube.com/playlist?list=PLbKcvAV87057bIfkbTAp-dgqaLEwa9GHi   This content is published by Capital Client Group, Inc.   U.K. investors can view a glossary of technical terms here: https://www.capitalgroup.com/individual-investors/gb/en/resources/how-to-invest/glossary.html   To stay informed, follow us   LinkedIn: https://www.linkedin.com/company/capital-group/posts/?feedView=all   YouTube: https://www.youtube.com/@CapitalGroup/videos   Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/   About Capital Group   Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people’s lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.   Learn more: capitalgroup.com   Join us: capitalgroup.com/about-us/careers.html   Copyright ©2025 Capital Group

In the second part of our focus on Latin America, equity investment analyst Ana Reynal turns her focus to Brazil. She outlines how the market is less tied to US trade than others in the region and how she identifies the country’s disruptive innovators. #CapGroupGlobal For our latest insights, practice management ideas and more, subscribe to Capital Ideas at getcapitalideas.com. If you’re based outside of the U.S., visit capitalgroup.com for Capital Group insights.  Watch our latest podcast, Conversations with Mike Gitlin, on YouTube: https://bit.ly/CG-Gitlin-playlist  This content is published by Capital Client Group, Inc.   U.K. investors can view a glossary of technical terms here: https://bit.ly/49rdcFq  To stay informed, follow us  LinkedIn: https://www.linkedin.com/company/capital-group/posts/?feedView=all YouTube: https://www.youtube.com/@CapitalGroup/videos Follow Mike Gitlin: https://www.linkedin.com/in/mikegitlin/  About Capital Group  Capital Group was established in 1931 in Los Angeles, California, with the mission to improve people’s lives through successful investing. With our clients at the core of everything we do, we offer carefully researched products and services to help them achieve their financial goals.  Learn more: capitalgroup.com  Join us: capitalgroup.com/about-us/careers.html  Copyright ©2025 Capital Group 

Noriko Chen, an equity portfolio manager with 26 years at Capital Group, shares her wealth of knowledge in this insightful discussion. She reflects on her diverse investment journey, from ice cream to Asian infrastructure. Noriko highlights the significant demand growth in China and the promising outlook for European banks. She champions the importance of mentorship for women and shares how reverse mentoring from younger analysts sharpens her perspective. Dive into her unique approach to navigating industry shifts and supporting the next generation.

Martin Jacobs and John Queen, portfolio managers at Capital Group, provide a compelling analysis of the 2025 economic landscape. They discuss the impact of geopolitical tensions on markets, emphasizing cautious optimism for long-term investors. Volatility is explored as a potential opportunity, with insights into managing risks through innovative investment strategies. The duo also highlights the significance of dividend-paying assets and the evolving bond market, while recommending insightful books that have influenced their investment philosophies.

Ana Reynal, an equity investment analyst at Capital Group with 15 years of experience in Latin America and roots in Mexico, shares fascinating insights into investing in the region. She highlights the critical role of local knowledge in navigating Mexico's investment landscape. Discussion points include the growing U.S.-Mexico economic interdependence, especially in manufacturing, and the impact of USMCA on shifting supply chains. Reynal also tackles the complexities of U.S.-Mexico relations, including economic, immigration, and societal challenges.

Samir Parekh, a seasoned portfolio manager with 24 years of experience, dives into India's evolving investment landscape. He shares insights on the surge in entrepreneurship and the favorable political climate driving this change. Comfort with volatility and the focus on family-owned companies play crucial roles in his investment strategy. Samir expresses optimism about both South Asia and European banks, emphasizing the region's youthful demographics as a major draw. Plus, he shares personal anecdotes connecting his investment journey to his love for cricket.

Bobby Esnard, an economist at Capital Group specializing in reindustrialization, dives into the revival of U.S. manufacturing. He outlines four intriguing scenarios that could reshape the economic landscape and boost job growth. Esnard highlights key industries ripe for domestic production, like aerospace and pharmaceuticals, while addressing the challenges of local support and skilled labor. The conversation even touches on the unexpected connection between AI and humor in the economy, showcasing how innovation can influence labor dynamics.

Holger Siebrecht, a fixed income investment analyst at Capital Group specializing in African bonds, shares insights on the dynamic relationship between commodity prices and the African bond market. The conversation dives into the effects of oil, copper, and cocoa fluctuations on trade balances and exchange rates, with a sharp focus on South Africa's outlook amid rising gold prices. Siebrecht further examines the challenges South Africa faces politically while highlighting potential investment opportunities within emerging market debt amidst current volatility.

Hilda Applbaum, an equity portfolio manager at Capital Group with 30 years of experience in dividend investing, shares her insights on resilient investment strategies. She discusses the critical role of company management and red flags to watch out for. Hilda divides her portfolio into three buckets to navigate market volatility and emphasizes the need for discipline and adaptability in investing. Her personal journey, shaped by the resilience of her Holocaust survivor parents, adds depth to her investment philosophy, reminding listeners of the power of gratitude and strong support systems.