for over 40 years
Jeremy Grantham spoke with CNBC’s Closing Bell about the need for a new “green” Marshall Plan in the U.S. to combat climate change and accelerate economic growth. He also believes the stock market is in a bubble, and he sees opportunities in emerging markets and Value equities.
GMO has offered a broad range of innovative fixed income capabilities since the early 1990s. Our Developed Rates & FX team currently manages the Fixed Income Absolute Return Strategy, a robust, systematic absolute return strategy focused on relative value investments in global rates and currencies. Alpha is harvested from cross-sectional markets using independent – and lowly correlated – models for country duration and FX risk exposure.
GMO is pleased to welcome Drew Edwards and the Usonian Japan Equity team aboard. At GMO, the team will continue to manage its successful Japan Value Strategy – as it has for almost a decade – using a fundamental, value-oriented approach combined with company management engagement to enhance corporate governance. Team members are based in GMO’s Berkeley, California office and a new GMO representative office in Tokyo.
Resource equities look historically attractive, currently trading at around an 80% discount to the equity market. With global equity markets offering below average expected returns and inflation potentially on its way, we think resource equities provide important diversification and inflation protection for investors today.