Today’s discussion is around ongoing supply chain risks and how members of Allspring’s growth equity teams are turning chaos into opportunity for their investors. Susan Raynes, executive vice president and head of the Institutional Client Group and Global Consultant Relations, speaks with Chris Warner, CFA, portfolio manager on the Discovery Growth Equity team, and David Nazaret, CFA, portfolio manager on the Dynamic Growth Equity team.
The Federal Open Market Committee just hiked its federal funds rate target another 75 basis points (bps; 100 bps equal 1.00%), to a range between 3.00% and 3.25%. Hiking rates aggressively is risky when housing is already struggling and when what the Federal Reserve (Fed) does today might not be fully felt for dozens of months into the future.
This conversation centers on how as we continue to transition to a digital economy, every business needs to also transform to become a technology business. Peter Williams and Nick Birk from Allspring’s Technology team and Discovery Growth Equity team, respectively, discuss this with Alison McGlincy, global head of talent acquisition for Allspring Global Investments.
The old saying is that “talk is cheap.” It certainly isn’t if you’re a central banker. Investors hang on a central banker’s every word. Whether the Federal Reserve (Fed) hikes by 75 basis points (bps; 100 bps equal 1.00%) or 50 bps is probably less relevant than what Fed officials say with their Summary of Economic Projections (their guesses about what they’ll do in the future and how the economy may evolve).
Keeping assets of retired participants in plan is the topic of discussion between Ron Cohen, head of Defined Contribution Investment Only Distribution, and Nate Miles, head of Retirement, here at Allspring Global Investments.
Federal Reserve (Fed) Chair Jerome Powell gave a short and sweet speech at the Jackson Hole Economic Symposium on August 25, but the market took it as being brief and bitter. Since then, the Institute for Supply Management released its manufacturing and services indexes. Manufacturing activity has moderated, and services activity has been shockingly strong.
Nate Miles speaks with Ron Cohen on the maturing of the defined contribution marketplace and key trends that he’s seeing in the space.
Kelly Vives, Allspring’s Chief Marketing and Communications Officer, discusses Allspring’s robust stewardship platform and engagement efforts with Jamie Newton, head of Global Fixed Income Research for Allspring. ESG (environmental, social, and governance) and climate transition are also topics of conversation.
As we write this article in mid-August, authorities across the Rocky Mountains are issuing flood warnings. Monsoon rains have drenched deserts and mountains in Arizona, Nevada, Utah, Colorado, and Wyoming, with eight million Americans significantly affected. These extraordinary conditions belie an even more severe and longer-term challenge: the intense drought crisis throughout the western U.S.
This episode’s focus is on the current investment climate for emerging markets and why now might be a good time to reconsider the asset class.