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 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.
State-owned Enterprises make up roughly half the opportunity set in the EM sovereign and corporate debt universes. GMO has been investing in SOEs since 1994. Mustafa Ulukan and Sergey Sobolev, from our Emerging Country Debt team, describe in this white paper why SOE default risk is chronically overestimated, which offers us opportunity as long-term investors to generate sustainable excess SOE debt returns.
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.
“The slow, haphazard COVID-19 response has reminded us how hard it is to stop a global threat. Climate change is an even greater danger to our future. Combatting it will require much more cooperation and investment, and we’re already further behind in the fight.”
- Jeremy Grantham
The GMO Climate Change Investment Fund invests in companies that are poised to benefit from addressing environmental challenges created by climate change or improving resource consumption efficiency.