Capital Ideas Investing Podcast
247 episodes - English - Latest episode: 24 days ago - ★★★★★ - 228 ratingsWant to learn how professional investors do it? The Capital Ideas podcast brings you the latest investment thinking from Capital Group, one of the world’s largest investment management organizations. Each week we’ll get inside the minds of portfolio managers, analysts and economists to break down market trends, macroeconomic forces, investing approaches and lessons learned from personal experience. Take 30 minutes and tap into the intellectual capital of Capital Group.
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Episodes
Is AI the next big economic growth catalyst?
November 16, 2018 05:01 - 35 minutes - 81.9 MBCapital 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 Hart...
Can the U.S. bull market keep running?
November 02, 2018 04:01 - 37 minutes - 84.9 MBWhile 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 whic...
A flexible approach to global investing
October 18, 2018 23:00 - 36 minutes - 83.6 MBCapital 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 ha...
The changing face of emerging markets
October 05, 2018 04:01 - 40 minutes - 92.9 MBEmerging 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 wit...
The big-picture outlook for small-cap stocks
September 21, 2018 04:01 - 37 minutes - 86.1 MBSmall-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...
3 views on today’s markets
September 07, 2018 04:01 - 34 minutes - 79.5 MBThis 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 201...
Predicting the markets with Ed Yardeni
August 24, 2018 04:01 - 38 minutes - 87 MBEconomist 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 Gro...
Income investing in a rising-rate environment
August 10, 2018 04:01 - 33 minutes - 77.6 MBCapital 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...
2018 Midyear Outlook
July 27, 2018 04:01 - 52 minutes - 119 MBThis episode features Capital Group’s 2018 Midyear Outlook. Three seasoned investment professionals offer a status report on the financial markets — both equity and fixed income — and the global economy at midyear. Want continuing education credit? Financial professionals (CFP* and CIMA) can take the quiz after listening. Note: You’ll be directed to AssetTV.com. Just click the gold CE Quiz logo to take the quiz. *CFP credit available only in the U.S. Panelists: Mike Gitlin is head of...
The best of Capital Ideas
July 13, 2018 04:01 - 45 minutes - 105 MBWhether you’re a regular listener or tuning in for the first time, this episode may be just your cup of tea. We’ve compiled the most memorable moments and astute investment insights from our impressive lineup of guests over the past year and a half. There’s something here for everybody. Do you like: International politics? (Got you covered) Intriguing authors? (Check) High-tech . . . pharma . . . AI? (Check, check, check) Regulars, enjoy the trip down Memory Lane. First-timers, be ad...
Lessons learned from 45 years of investing
June 29, 2018 04:01 - 46 minutes - 106 MBCapital Group portfolio manager Claudia Huntington reflects on a long career primarily dedicated to U.S. equity investing. In a wide-ranging interview, Claudia discusses her fundamental investment approach, lessons she learned along the way and her cautious outlook on the current equity-market environment. 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...
A.I.: Learn the pros and cons
June 12, 2018 23:02 - 33 minutes - 75.6 MBWhat is artificial intelligence? Would we know it if we could see it? Professor and author Hod Lipson offers startling insight into the impact A.I. is already having on our lives and where it’s likely to lead us in the not-distant future. Should our worst fears about A.I. overshadow its potential upside? Humans of all stripes — and investors, in particular — will want to listen and find out. Hod Lipson is a professor of mechanical engineering and data science at Columbia University and co-...
Investing in Flight
June 01, 2018 04:00 - 35 minutes - 81.8 MBCapital Group aerospace and defense analyst Todd Saligman discusses his positive outlook for the fast-growing commercial aircraft industry, the fierce competition between Airbus and Boeing and the favorable impact of sharply higher U.S. defense spending. 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. Todd Saligman has nine years of investme...
It’s politics
May 18, 2018 04:01 - 30 minutes - 70.8 MBIn this episode, we turn the tables on host Matt Miller and pick his brain on a subject near and dear to his heart: the U.S. political scene. Shifting trade policy with China, upcoming midterm elections, regulatory probes into tech-company practices — as long as it’s happening on Capitol Hill (and relevant to Capital Group investors) nothing’s off the table. Matt Miller is a political economist for Capital Group and regular host of the Capital Ideas podcast. An author and former Washington...
Bracing for higher U.S. inflation and interest rates
May 03, 2018 10:10 - 29 minutes - 67.7 MBThe return of inflation has rattled financial markets this year. As U.S. interest rates move higher, investors are looking for clues about how rising consumer prices may influence U.S. monetary policy. In this podcast, fixed income portfolio manager Ritchie Tuazon sheds some light on the issue by sharing his outlook for inflation and rates with Capital Group senior writer Dan Indiviglio. Tuazon has 18 years of investment industry experience, including 7 years with Capital Group. Before joi...
Media's Blurred Lines
April 20, 2018 04:01 - 34 minutes - 79.9 MBMedia analyst Brad Barrett has made a career of following both entertainment’s traditional players (Disney, Fox, Time Warner) and its digital newcomers (Facebook, Google, Netflix). So, whether the topic is cable/satellite vs. online distribution, linear vs. streaming service or cord cutting vs. keeping cable, Barrett holds the remote. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Miller was co-host of the p...
Will the Declining Dollar Continue Its Descent?
April 06, 2018 04:01 - 28 minutes - 39.6 MBCurrency movements had a big impact on investment returns in 2017, especially as the U.S. dollar weakened throughout the year. Will that powerful trend continue? In this podcast, Capital Group currency analyst Jens Søndergaard offers his view on where the dollar may be headed in 2018, relative to the euro, the yen and other major currencies, as well as the key investment implications. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Was...
How Can Investors Prepare for 2018 U.S. Tax Reforms?
March 23, 2018 04:01 - 22 minutes - 51.6 MBCapital Group senior counsel Jason Bortz has a lot of experience analyzing the U.S. tax code in his 20-plus years practicing law. In this podcast, Bortz digs into the specifics of 2018 tax reform and discusses what changes for investors, and what stays the same. 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. Do you have any topics for Capit...
U.S.-China Trade: Tensions Rising
March 12, 2018 16:18 - 35 minutes - 80.7 MBCapital Group portfolio manager Steve Watson, a long-time investor in Chinese equities, shares his views on U.S.-China trade relations just as tensions appear to be boiling over. Will aggressive talk about import tariffs become a reality? And, if so, what are the investment implications? Steve sheds light on these pressing issues as the U.S. seeks to forge a new relationship with one of its biggest trading partners. Your host Matt Miller is the policy and communications advisor for Capital...
Energy and the New Geopolitics
March 09, 2018 05:01 - 37 minutes - 84.7 MBThe U.S.’s recent surge in domestic oil and gas supply has profound implications for the longstanding geopolitical power structure. In her new book, Windfall: How the New Energy Abundance Upends Global Politics and Strengthens America's Power, Harvard International Affairs professor Meghan O’Sullivan details the ripple effect already at play across the globe, proving just how intertwined energy markets and foreign policy can be. Your host Matt Miller is the policy and communications advi...
Fixed Income in Today's Volatile Climate
February 23, 2018 05:01 - 20 minutes - 47.4 MBIn this conversation, Capital Group’s head of fixed income, Mike Gitlin, addresses the recent market volatility and its root causes. He also reveals what key roles fixed income should play in an investor’s portfolio and what it means to upgrade a portfolio’s bond funds to “true core.” This conversation was recorded February 8, 2018. Mike has 24 years of investment industry experience and joined Capital Group in 2015. Before joining Capital, Mike was the head of fixed income and global he...
Tim Armour on Market Volatility
February 09, 2018 05:01 - 17 minutes - 40.8 MBCapital Group chairman and chief executive officer Tim Armour discusses the sudden return of volatility to the markets and provides helpful context for advisors and 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. Do you have any topics for Capital Ideas? Please contact our editorial team at [email protected].
Michael Kitces: How Advisors Can Find Their Niche Online
January 26, 2018 05:01 - 27 minutes - 62.1 MBAs an advisor and industry trendspotter, Michael Kitces and his Nerd’s Eye View blog are required reading for many financial advisors. In turn, Kitces devotes much of his time generating free content for the blog, which has become central to his strategy and to his other advisor-related businesses. In this podcast, Kitces discusses how content can pull in new business for advisors. He also gives practical tips for advisors to get started, even if they’re not comfortable writing. Your host ...
The Outlook for International Equities
January 12, 2018 05:00 - 42 minutes - 97.1 MBCapital Group portfolio manager Carl Kawaja has spent three decades traveling the world to uncover compelling investment opportunities. In this podcast, Carl shares his optimistic outlook for non-U.S. equities and explains the key drivers to a sustained rally. 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. Do you have any topics for Capital...
How High Can Tech Go?
December 29, 2017 05:00 - 37 minutes - 85 MBToday’s internet sector has many investors nervous, with the recent meteoric success of the FANG stocks (Facebook, Apple, Netflix, Google/Alphabet) combined with high valuations and a prolonged bull market. Is this a replay of the 2000 “dot-bomb,” or do these stocks have room to run? Investment analyst Will Craig acknowledges the prevailing tech industry angst but offers a long-term view of the internet that just might startle the skeptics. Your host Matt Miller is the policy and communi...
Outlook 2018: Markets and Economies
December 15, 2017 05:00 - 53 minutes - 121 MBCapital Group’s annual Outlook is a widely anticipated watch/listen/read within the investment community. Listen to this 2018 podcast rendition and learn whether global equities are still attractive during this protracted bull market, how fixed income assets might react to rising interest rates and how the economic outlook is shaping up for developed and emerging markets. Want continuing education credit? U.S. financial professionals can take the quiz after listening. Rob Lovelace is vic...
Emerging Markets Investing: From Smokestacks to Smartphones
December 01, 2017 05:00 - 27 minutes - 62.4 MBCapital Group portfolio manager Shaw Wagener has witnessed the remarkable evolution of emerging markets investing over a career spanning 30-plus years. In this podcast, Shaw discusses the unique challenges of investing in developing markets, the current drivers of EM returns and his thoughts on a bright future for the dynamic and rewarding asset class. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was ...
U.S. Retail Outlook: Life Beyond Amazon?
November 17, 2017 05:00 - 29 minutes - 66.3 MBGiven the explosive popularity of Amazon, some traditional retailers have resorted to introducing in-store “experiences” to lure shoppers through their doors. Others, meanwhile, rely on key competitive advantages to insulate themselves from retail’s biggest disruptor. And what does all this change mean for the great American shopping mall? Here to make sense of the shifting landscape is investment analyst Anne-Marie Peterson, a 22-year industry observer of the U.S. retail scene. She discus...
Women and Investing: Dispelling Myths
November 03, 2017 17:15 - 24 minutes - 55.7 MBWomen in the U.S. control more than $11 trillion of investable assets. That’s no small constituency for financial advisers and asset managers. In today’s podcast, we’ll hear from Heather Lord, Capital Group’s head of strategy and innovation, about the growing clout of women investors, based on the findings from our “Wisdom of Experience” investor surveys. And we’ll try to dispel a few myths along the way. Your host Matt Miller is the policy and communications advisor for Capital Group. An ...
Efficient Markets Reconsidered
October 27, 2017 04:00 - 31 minutes - 71.1 MBHow financial markets work has long been the subject of debate between two academic camps: the efficient markets theorists and the behavioral economists. Into the breach stepped finance professor and author Andrew Lo, who joins Matt to discuss his efforts to bridge this ideological divide. Instead of viewing financial markets as “a physical system like a mechanical clock,” says Lo, “we really need to look at it as an ecosystem with particular organic agents that are acting with each other....
U.S. Interest Rate Outlook: Don’t Fear the Fed
October 13, 2017 04:00 - 34 minutes - 77.9 MBWith the Federal Reserve raising interest rates, Capital Group portfolio manager John Queen discusses his outlook for the U.S. bond market, short- and long-term interest rates, and the important role that bond funds can play in a diversified investment portfolio. Listen and learn: Why U.S. interest rates are likely to stay “lower for longer” despite Fed tightening How a lack of inflation is complicating the Fed’s attempt to normalize monetary policy What stimulus withdrawal could mean...
International Investing Takes Center Stage
September 29, 2017 04:00 - 36 minutes - 82.4 MBThe U.S. may have led the global economic expansion to date, but other major markets provide fertile ground for today’s investor as well. Portfolio manager Gerald Du Manoir, a 27-year investment industry veteran who specializes in international portfolios for Capital Group, discusses where he’s finding opportunities outside the U.S. during this lengthy, if tepid, global recovery. Listen and learn: What the stakes are this busy election season for Europe — and for international investors ...
A Conversation With the Former U.S. Ambassador to Germany
September 15, 2017 04:00 - 52 minutes - 120 MBAs the September 24 German elections approach, former U.S. Ambassador to Germany John Emerson discusses his outlook for the political contest, the future of Europe in the age of populism, and his new role helping Capital Group expand its investment offerings around the world. Emerson, now Vice Chairman of Capital Group International, served as the ambassador to Germany during a particularly momentous time from August 2013 to January 2017. Listen and learn: How German Chancellor Angela Mer...
Why Wall Street Matters
September 01, 2017 04:00 - 31 minutes - 71.8 MBIf you have a credit card, a car loan or any number of other financial products, Wall Street has an impact on your life. In this podcast, author and former investment banker William D. Cohan explains “Why Wall Street Matters” to just about everyone. That’s also the title of his new book, which provides a counterargument to the widespread vilification of Wall Street in the national media and on Capitol Hill. Listen and learn: How Wall Street came to be viewed as an irredeemable villain W...
Investing in Pharma’s Frontier
August 18, 2017 04:00 - 29 minutes - 66.8 MBToday’s pharmaceutical industry is teetering between an innovation renaissance and an affordability crisis. Investment analyst Craig Gordon, a former practicing physician, takes us inside the complex world of pharma and biotech, where the interests of doctors, patients, insurers and policymakers can often be at odds. Listen and learn: What made 2016 an off year for pharma investors What leading-edge innovations are shaping the industry today, and what sorts of companies stand to benefit...
Health Care’s Reluctant Crusader
August 04, 2017 04:01 - 45 minutes - 62.5 MBThis special episode features conversations with two authors from the world of big ideas: TV executive David Goldhill and law professor Tim Wu. A family tragedy propelled Goldhill into an exhaustive analysis — and eventual indictment — of America’s health care system. Listen and learn why the system of incentives in U.S. health care needs a new prescription, and what commonly held myths could be accelerating the system’s downward spiral. Wu’s latest book traces the evolution of advertisi...
Why Bond Funds Should Behave Like Bond Funds
July 21, 2017 04:00 - 30 minutes - 41.4 MBYou wouldn’t want your dog behaving like a cat, so why invest in a bond fund that behaves like a stock fund? In this podcast, Mike Gitlin — Capital Group’s head of fixed income — explains why this concept is so important for investors seeking a well diversified portfolio. Listen and learn: Why bond investors may want to avoid excessive credit risk How “bond math” can protect you from rising interest rates Why the outlook for the U.S. economy matters to bond investors And what exactl...
2017 Midyear Outlook: Markets and Economies
July 06, 2017 18:07 - 56 minutes - 78 MBAt the midyear point, answers to some of 2017’s burning questions about the global economic recovery and financial markets are coming into focus. Capital Group portfolio managers Jody Jonsson and David Hoag and economist Darrell Spence join host Matt Miller for a lively exchange of ideas with profound implications for investors. Want continuing education credit? U.S. financial professionals can take the quiz here: https://www.assettv.com/player/assettv-us-masterclass-player/105042?cid=sf_...
Navigating the U.S. Municipal Bond Market
June 23, 2017 04:01 - 35 minutes - 48.7 MBMunicipal bonds provide financing for hospitals, roads, schools and many other public projects we all know and utilize, yet many investors are unfamiliar with the inner workings of this nearly $4 trillion market. In this podcast, Capital Group portfolio managers Karl Zeile and Chad Rach explain how the U.S. tax-exempt municipal market works and offer their view on how it might be affected by government reform efforts. Listen and learn: How the muni market is facing challenges from tax ref...
Do U.S. Equities Have Room to Run?
June 09, 2017 04:01 - 32 minutes - 45.2 MBDo U.S. Equities Have Room to Run? Eight years into its current expansion, the U.S. economy has given investors cause for concern. How much longer can it grow? Portfolio manager Mike Kerr acknowledges the elephant in the room but continues to find conditions favorable for U.S. equities in a number of key industries. Listen and learn: Which three industries are poised to lead U.S. growth in the decade ahead Where it pays to be value-oriented as a growth investor How this veteran ener...
Beyond Brexit
May 26, 2017 04:01 - 35 minutes - 48.1 MBIs there a future for Britain beyond Brexit? Portfolio manager Jonathan Knowles will have you convinced there is. This Singapore-based, 25-year industry veteran covers the investment implications of nationalism in Europe, internet advances in China, headwinds in the emerging markets and technological disruption just about everywhere. Listen and learn: Why Brexit might not spell calamity for Britain Why rumors of the multinational company’s demise may be greatly exaggerated How many un...
Rising in the East: China’s Economic Outlook
May 12, 2017 04:01 - 31 minutes - 43.8 MBChina’s economy remains one of the fastest growing in the world, despite a pronounced slowdown in recent years. Exactly how fast is it growing? What are the long-term implications for investors? We explore these questions and others with Capital Group’s most experienced China-watchers, economist Stephen Green and China affairs specialist Andrew Dougherty. Listen and learn: How quickly is China moving to a consumption-based economy? What’s the outlook for trade relations between China an...
Driverless Cars and AI — Oh, My!
April 28, 2017 04:01 - 36 minutes - 50.7 MBTechnology has so accelerated the pace of innovation that ideas quickly go from invention to widespread adoption. What’s driving this rapid change, and what are the implications for the global economy? Mark Casey has grappled with these questions for 17 years as an equity portfolio manager who covers U.S. internet companies from Capital Group’s San Francisco office. Listen and learn: What is machine learning, and how is it different from artificial intelligence? Self-driving cars are co...
Where Geopolitics and Investing Intersect
April 12, 2017 21:58 - 25 minutes - 35.4 MBToday’s geopolitical stakes couldn’t be higher. Political disruption in the U.S. and Great Britain now may be extending to Europe. And China is asserting its new economic might in ways that have strained relations with the U.S. and others. Here to help make sense of it all — including implications for investors — is political economist Michael Thawley, a 10-year veteran of Capital Group with more than 30 years’ experience in international diplomacy. Listen and learn: Why today’s geopoliti...
Alan Greenspan: The Man Who Knew
March 28, 2017 22:05 - 36 minutes - 50 MBBiographer Sebastian Mallaby discusses the life and times of Alan Greenspan, former Chairman of the Federal Reserve and one of the most influential figures in the history of modern finance. Mr. Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. For more information about Mr. Mallaby and his award-winning Greenspan biography, visit CFR.org. Your host, Matt Miller, is policy and communications advisor for Capital Group. An author a...
The New Reality of Global Investing
March 28, 2017 21:54 - 17 minutes - 24.3 MBGlobal investing has experienced a subtle but defining shift in recent years, and Capital Group portfolio manager Rob Lovelace has been watching it like a hawk. This “new geography” has given rise to what he calls a new breed of company — one whose business model is probably more resilient as our global trade infrastructure changes. In this episode, Rob explains how these dynamics have shaped his approach to investing and shares formative stories from his 31-year career. Listen and learn: ...
Top Investment Themes for 2017
March 28, 2017 21:43 - 19 minutes - 26.6 MBStruggling to make sense of the investment landscape in the year ahead? Between the murky U.S. interest rate picture and political upheaval in the U.S. and other parts of the world, investors may be tempted to take a wait-and-see approach. Here to lend some clarity are Capital Group portfolio managers Tim Armour and Jody Jonsson, who explain key global issues for 2017 and share opportunities they are finding around the world. Listen and learn: Why things may be looking up for U.S. corpora...