Capital Ideas Podcast

Late 2018 has been an unsettling time for investors. In this episode, three seasoned investment professionals deliver Capital Group's 2019 Outlook, offering their perspectives on the global economy as well as equity and fixed income markets. Want continuing education credit? Financial professionals (CFP* and CIMA) can take the quiz after listening. Rob Lovelace is vice chairman of Capital Group and an equity portfolio manager. He has 32 years of investment experience, all with Capital. He holds a bachelor's degree in geology from Princeton and is a CFA charterholder. John Smet is a fixed income portfolio manager. He has 36 years of investment experience, 34 with Capital Group. He has covered mortgage-backed securities and railroads. John earned an MBA in finance from the University of Wisconsin and is a CFA charterholder. Economist Jared Franz covers the U.S. and Latin America. He joined Capital Group in 2015. He holds a PhD in economics from the University of Illinois and a bachelor's degree from Northwestern. 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. *CFP credit available only in the U.S.

As rising U.S. interest rates reverberate around the world, Capital Group portfolio manager Rob Neithart discusses his outlook for the global bond market, including high-grade government bonds, corporate credit and emerging markets debt. As a fixed income portfolio manager, Rob Neithart focuses on global multi-currency fixed income, emerging market debt and global high income portfolios. He has 30 years of investment experience, all with Capital Group. He is chairman of Capital Strategy Research, Inc. and serves on the Fixed Income Management Committee. 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.

Capital Group economist Jared Franz discusses the rapid development of artificial intelligence and machine learning, including the relevant implications for investors. Can AI provide a meaningful boost to U.S. economic growth? Franz shares his view. Jared Franz is an economist at Capital Group, responsible for covering the U.S. and Latin America. He has 12 years of investment industry experience, three with Capital. Previously, Jared was head of international macroeconomic research at Hartford Investment Management Co. and an economist at T. Rowe Price. He holds a doctorate in economics from the University of Illinois at Chicago and a bachelor's degree in mathematics from Northwestern University. He is based in Los Angeles. 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.

While many investors wring their hands over a prolonged U.S. bull market — waiting for the other shoe to drop — portfolio manager Alan Berro bides his time. The fact that Berro doesn't think the end of this expansion is imminent may be beside the point. Most of the high-flying, value-stretched growth stocks getting all the attention fall outside the purview of the growth-and-income and balanced funds he manages. A patient investor with a fondness for out-of-favor companies, Berro shares which sectors and industries hold his interest today and offers keen insight into the life of a professional investor. Alan Berro is an equity portfolio manager at Capital Group. He has 32 years of investment experience, 27 with Capital. He has covered U.S. utilities, capital goods and machinery companies. He has an MBA from Harvard Business School and a bachelor's in economics from UCLA. 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.

Capital Group investment director David Polak discusses the challenges facing global investors amid increasingly bitter trade disputes and a widening return gap between U.S. and non-U.S. stocks. David Polak leads the investment specialist team representing Capital Group's global equity services. He has 34 years of investment industry experience, 13 of them with Capital. Prior to joining Capital, David held a variety of marketing and management positions in the equity division at UBS. He has a bachelor's degree 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.

Emerging markets stocks have come under pressure amid slowing economic growth and a brewing trade war, but the full story is much more complex. As veteran portfolio manager Noriko Chen explains in this podcast, not all emerging markets are the same and the outlook for EM stocks is as varied as the countries themselves. Noriko Chen is an equity portfolio manager at Capital Group and a member of the Capital Group Management Committee. She has 27 years of investment experience, 19 of them with Capital. Earlier in her career, she covered Asian infrastructure, building materials and construction companies, as well as the oil and gas industry. Noriko holds a bachelor's degree in economics from Williams College and a degree in the Japanese Language Bekka Program at Keio University, Tokyo. 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.

Small-capitalization stocks have been on a roll in 2018. Who better to offer his perspective on this development than portfolio manager/investment analyst Greg Wendt, who has spent his entire career researching and investing in small-cap companies? A 30-year veteran of Capital Group, Greg offers his thoughts on this underappreciated asset class and shares engaging stories of his encounters with well-known leaders from the business world as well as the political stage. Greg Wendt has 30 years of investment experience, all with Capital Group. As an equity investment analyst, he covers U.S. casinos and gaming, leisure facilities, restaurants, merchandising and small-cap companies. He holds an MBA from Harvard and a bachelor's in economics from the University of Chicago. 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.

This episode features a diverse sampling of perspectives from three Capital Group investment professionals. Economist Jared Franz shares his outlook for the global economy. Equity investment analyst Jeff Garcia spotlights opportunities in today's emerging markets, especially Latin America. And fixed income portfolio manager Shannon Ward discusses the high-yield bond market. Jared Franz is an economist at Capital Group. He covers the U.S. and Latin America. Jared joined Capital Group in 2015. He holds a PhD in economics from the University of Illinois and a bachelor's degree from Northwestern University. Jeff Garcia is an equity investment analyst at Capital Group. He covers consumer discretionary, financials, health care and information technology in Latin America. He has seven years of investment experience, all with Capital Group. He holds a bachelors degree from Stanford University. Shannon is a fixed income portfolio manager at Capital Group. She has 25 years of investment industry experience, including one year with Capital Group. Previously, she worked as a portfolio manager with Oaktree Capital Management. She holds an MBA from the University of Southern California and a bachelors degree from University of California, Santa Barbara. 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.

Economist and investment strategist Ed Yardeni discusses his new book, Predicting the Markets: A Professional Autobiography, and offers his thoughts on why the nine-year-long bull market in U.S. equities can continue. Listen to hear his straightforward rationale. Dr. Ed Yardeni is the president of Yardeni Research, Inc., a provider of global investment strategy and asset allocation recommendations. He previously served as chief investment strategist of Oak Associates, Prudential Equity Group and Deutsche Bank's U.S. equities division in New York. 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 suggested topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.

Capital Group portfolio manager Jim Lovelace discusses the importance of investing in conservative, dividend-paying stocks at a time when high-flying, growth-oriented stocks are commanding the spotlight. Jim offers his constructive view against a backdrop of rising U.S. interest rates and deteriorating global trade relations. 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.