Capital Ideas Podcast

Portfolio manager Rob Lovelace, economist Darrell Spence and fixed income investment director Margaret Steinbach share their thoughts on global equities, economies and fixed income as they look ahead to 2020. Rob Lovelace is vice chairman of Capital Group, president of Capital Research and Management Company, and serves on the Capital Group Management Committee. He has 33 years of investment experience. He earned a bachelor's in geology from Princeton and is a CFA charterholder. Darrell Spence is an economist and research director with 26 years of investment experience. He earned a bachelor's degree in economics from Occidental College and is a CFA charterholder. Margaret Steinbach is a fixed income investment director with 12 years of industry experience. She holds a bachelor's in commerce from the University of Virginia and is a CFA charterholder. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com. The Capital Ideas website is not intended for use outside the U.S. In Canada, please visit thecapitalgroup.com/ca for Capital Group insights.

Yes, e-commerce titan Amazon continues to disrupt the business of traditional retailers, but some are finding innovative ways to survive and thrive in the highly competitive U.S. retail landscape. Capital Group retail analyst Jessica Spaly discusses her long-term outlook for the sector amid the hustle and bustle of the holiday shopping season. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Jessica Spaly is an equity investment analyst with 21 years of experience. She covers U.S. retailing, branded apparel and footwear. She holds an MBA and a bachelor’s degree in economics from Harvard. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

After a decade of dominance by U.S. stocks, are there still compelling reasons to invest outside the United States? Absolutely, says Capital Group investment director David Polak. Here he lays out his argument for why investors shouldn’t abandon international equities. David Polak leads the investment specialist team and also represents Capital Group's global equity strategies. He has 35 years of investment industry experience. David is based in New York and has a bachelor's in economics from University College London. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

Fixed income portfolio managers Mark Marinella and Karl Zeile discuss the outlook for U.S. municipal bonds in light of sweeping federal tax changes. They offer their views on whether muni bonds are still attractive under the new tax regime, as well as the importance of fundamental research in a credit-driven market. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Mark Marinella is a fixed income portfolio manager with 33 years of experience, six at Capital Group. Previously, he was head of Capital’s Investment Resources Group as well as a senior manager in fixed income. Prior to joining Capital, Mark was a global chief investment officer for fixed income and currencies at State Street Global Advisors. He holds an MBA from Boston College and a bachelor’s in economics from the University of Massachusetts. Karl Zeile is a fixed income portfolio manager with 28 years of experience, 19 at Capital. He also serves on the Fixed Income Management Committee. Prior to joining Capital, Karl was an investment analyst with Strong Capital Management and Eaton Vance Management. He holds a master’s in public policy from Harvard University and a bachelor’s degree in economics and humanities from Valparaiso University. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

The title of Nobel Prize-winning economist Robert Shiller’s latest book, “Narrative Economics,” is telling — literally. It spotlights stories people have told one another throughout recorded history that reflect and, Shiller argues, often shape their economic circumstances. Here he discusses the most enduring and relevant of these narratives and suggests how their implications could help shape the future of both academics and policymaking. Robert Shiller is an economist, academic and bestselling author. He serves as Sterling Professor of Economics at Yale and is a fellow at the Yale School of Management's International Center for Finance. He received his Ph.D. from MIT and his bachelors degree from the University of Michigan. He was awarded the Nobel Prize in Economic Sciences jointly with Eugene Fama and Lars Peter Hansen in 2013. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com. The Capital Ideas website is not intended for use outside the U.S. In Canada, please visit thecapitalgroup.com/ca for Capital Group insights.

Portfolio manager Winnie Kwan and investment director Kent Chan explore the long-term investment outlook for China. Amid a damaging trade war and political unrest in Hong Kong, they see the world’s second largest economy as a classic stock picker’s market — presenting select opportunities for patient investors. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Winnie Kwan is an equity portfolio manager with 22 years of investment experience, 19 at Capital Group. She previously covered global exchanges, Asian utilities and small-cap companies as an investment analyst. Winnie holds master's and bachelor's degrees in economics from Cambridge. She is also a CFA charterholder. Kent Chan is an equity investment director with 27 years of experience. Before joining Capital Group in 2016, he spent over 20 years in Asia. He previously headed the Greater China equity research team at Barclays and helped lead global and Asian technology equity research at Citigroup. He holds a bachelor's from the University of California, Berkeley. (Investment directors do not manage assets.) This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

Retirement plan sponsors concerned about participant outcomes, take note. Capital Group's Steve Deschenes is here with a checklist for selecting superior investment managers. A research and development director with 26 years of experience, Deschenes shares his research into the factors sponsors should consider in their manager-selection process. Steve Deschenes is a research and development director at Capital Group. He is a founder of the online financial advice site mPower (now part of Morningstar), which pioneered investment advice in 401(k) plan administration. He holds a bachelor’s in psychology and social relations from Harvard. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com. The Capital Ideas website is not intended for use outside the U.S. In Canada, please visit thecapitalgroup.com/ca for Capital Group insights.

Iron ore, copper, gold, nickel. Extracting these metals from the earth is a tough, capital-intensive business. Equity investment analyst Frank Beaudry makes it his business to know what the world’s mining companies are doing to succeed on behalf of investors. Listen as Beaudry sheds light on this sometimes dangerous industry, as well as the other sector he covers: European utilities. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com. The Capital Ideas website is not intended for use outside the U.S. In Canada, please visit thecapitalgroup.com/ca for Capital Group insights.

What happens when technological innovation, instead of helping people, displaces them? That’s been a vexing question throughout history and it remains so today. In this podcast, we address the issue with Dr. Carl Benedikt Frey, author of The Technology Trap: Capital, Labor, and Power in the Age of Automation. Dr. Carl Benedikt Frey is a professor at Oxford University, where he directs the program on Technology & Employment at the Oxford Martin School. His academic work has been featured in more than 100 media outlets, including The Economist, Foreign Affairs and The New York Times. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

Here’s a news flash for financial advisors who think their clients are telling them everything: There’s a good chance they aren’t. In fact, they are probably keeping some big secrets that could jeopardize their long-term investment returns. In this podcast, Capital Group’s head of consumer research, Mike Van Wyk, reveals what these investors might be hiding and suggests steps advisors can take to strengthen their client relationships. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Mike Van Wyk is Vice President of Customer Research & Insights at Capital Group. He has 21 years of industry experience, three with Capital. Previously, Mike was director of global strategy development and advanced research methods at Procter & Gamble. He holds an MBA from the University of Texas and a bachelor's from Michigan State University. This content is published by Capital Client Group, Inc.  Do you have any suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.