Conversation with Joseph V. Amato
"We’re deeply committed to our investment culture—an environment that encourages original and independent thinking"
~ Joseph V. Amato, President and Chief Investment Officer—Equities
Equities
CIO WEEKLY PERSPECTIVES
Staying On Theme
When inflation, interest rates and global economic uncertainty are rising, cash today can seem more urgent than exposure to the markets of tomorrow—but could that mean investors risk missing out on the potential of thematic strategies?
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Equities
NB Blog
Thoughts from our equity investment professionals on the evolving state of global markets and the macro economy.
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Equities
Equity Market Outlook 2Q2022
Economic and Market Review: Key Considerations for Equity Investors
We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle.
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Equities
PLATFORM OVERVIEW
Fundamental, quantitative and alternative offerings spanning market capitalizations and regions provide opportunity for bespoke solutions to meet unique client needs.
U.S. LARGE & ALL CAP
U.S. SMALL & MID CAP
GLOBAL
EMERGING MARKETS
THEMATIC
REAL ESTATE & INCOME
QUANTITATIVE
ALTERNATIVES
Update on Russian Investments in Equities Portfolios
Neuberger Berman stands with the people of Ukraine and those who are supporting the refugees of this tragedy. Across Neuberger Berman, we have very limited exposure to Russian investments. While we generally prefer engagement to blanket divestment, given current circumstances, we will not invest directly in Russian securities or assets, and we will eliminate our very modest remaining exposures as we are able.
OUR PHILOSOPHY
Alpha generation is the priority for our specialist investment teams, which leverage deep firm resources and expertise, including global research, data science and ESG capabilities
Deep Research
Highly experienced, sector-focused research analysts develop company ratings for the firm’s portfolio management teams, partnering in the rigorous exchange of ideas to drive differentiated investment views
Data Science
Machine learning, natural language processing and cloud computing analyze ~2TB of novel data daily to provide deeper understanding of economic, industry and company fundamentals
Infrastructure
Industry-leading technology, independent risk management and real-time trading capability across all time zones
OUR PLATFORM
$138bn
of assets under management across an integrated global platform comprised of 253 investment professionals, including 111 research analysts
U.S. LARGE & ALL CAP
U.S. SMALL & MID CAP
GLOBAL
EMERGING MARKETS
THEMATIC
REAL ESTATE & INCOME
QUANTITATIVE
ALTERNATIVES
80+ YEARS OF LEADERSHIP AND INNOVATION IN EQUITY INVESTING, SINCE 1939
ESG, SUSTAINABLE & IMPACT1
Material environmental, social and governance factors are important drivers of long-term investment returns from both an opportunity and a risk-mitigation perspective
ESG-Integrated
84% of assets are in strategies that evaluate ESG factors as part of the fundamental research process
Proprietary Views
5,000+ systematically developed NB ESG Quotient™ ratings for companies based on financially material factors
NB Votes
61 proxy votes published in advance and voted on behalf of our clients, an important component of creating shareholder value
ACTIVE ENGAGEMENT2
We believe close engagement with management on ESG issues has the potential to create economic value while reducing risk
2,213
engagements with equity issuers
43%
on environmental issues
61%
on social issues
85%
on governance issues
Thoughts from our equity investment professionals on the evolving state of global markets and the macro economy.
INSIGHTS
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Staying On Theme
When inflation, interest rates and global economic uncertainty are rising, cash today can seem more urgent than exposure to the markets of tomorrow—but could that mean investors risk missing out on the potential of thematic strategies?
Are We There Yet?
Regardless of whether we get a hard or soft landing, we likely face a steep approach to the runway in trying to “land this plane.” The question is, how well consumers and companies absorb the slowdown, and whether sentiment is already bearish enough to create long-term value.
Japan: Land of the Rising Prices?
Japan looks set to emerge from 30 years of near-zero inflation in 2022—but are its companies able to absorb higher costs, or even re-learn the art of passing price hikes on to their customers?
Alternative Data: Workforce Recovery and the Great Resignation
More displaced workers seem ready to come back into the labor force, but employers may need to watch their highly compensated “stayers.”
Electrification: Paving the Road to Emissions Reduction
As investors focused on long-term sustainability, we have long focused on emissions, energy efficiency as well as long-term opportunities and threats in business models as it relates to their sustainability and competitiveness over the long run.
Cautious, Not Bearish
Investors may want to position for persistent volatility as growth begins to slow, but we still believe earnings growth supports the case for equities.
Regime Change
While we do not anticipate a recession over the next 12 months, the prospect of slowing growth and stubborn inflation has led us to downgrade our view on equities, and prepare for a new regime in which real assets could generally perform better than financial assets such as stocks and bonds.
Economic and Market Review: Key Considerations for Equity Investors
We believe the conflict in Ukraine may turn out to be less critical for equity markets than the upcoming turn we anticipate in the economic growth cycle.
REITs as a Hedge Against Inflation
Real estate investment trusts across a number of sectors could show strength in 2022, driven by inflation and secular trends.
Virtual Worlds, Real Opportunities
Could the metaverse be a revolution in every aspect of our lives, ridiculous hype that will lead nowhere, or the natural progression of a world we’ve been living in for decades?
Large Cap Value, Inflation Fighter
Large-cap value stocks have characteristics that could make them compelling in the current environment and beyond.
From Buying the Dips to Fading the Rallies
Equity markets are higher than they were on the eve of the invasion of Ukraine, but here’s why we think there is more volatility, and potentially more downside to come.
The Weakest Links in the Global Supply Chain: Part III
(17:30) In this final chapter of the supply chain series, we identify some of the key risks and opportunities across the technology sector as the global semiconductor shortages further impact the greater supply chain crisis.
The Weakest Links in the Global Supply Chain: Part II
(19:53) As we continue our conversations around the current global supply chain crisis, we evaluate what companies with production overseas are doing about meeting consumer demands and more.
The Weakest Links in the Global Supply Chain: Part I
(15:38) With store shelves looking emptier and shipments getting delayed, we explore what is happening in the global supply chain and what companies are doing about it.
Understanding China Market Dynamics
(15:00) We believe having on the ground insight is key to understanding China market dynamics.
Taking the “Byte” Out of Bitcoin
In this paper, we share our proposal on how to gain Bitcoin exposure in what we view as a more risk-efficient, hedged format that seeks to benefit from one of its most notable qualities—its volatility.
The Blurred Lines of Public and Private Equity
(21:52) Companies today have a variety of pathways to go public, but we also have seen them want to stay private for longer. So where might the opportunity set be within this gray area of investing?
Bitcoin, A Cornerstone Digital Asset: Part 1
Several competitors have emerged to challenge Bitcoin and its blockchain over the past decade, but here’s why our options team believes the original digital asset is the only genuine digital asset.
The Worst Seems to Be Over…Now It Gets Complicated
Investors have shifted focus from the immediate COVID-19 threat to the prospect of a cyclical slowdown and secular stagflation.
Economic and Market Review: Key Considerations for Equity Investors
Why we think the equity bull market can last at least until mid-2022.
October Surprise?
It has been 11 months since the last 5% correction in equity markets, and the coming weeks present a number of significant potential risks.
Should Investors Stay Onboard the Chinese Dragon Boat?
Surprising policy developments are rocking the craft, but in our view the course remains set for the same long-term destination, and the uncertainty and volatility may present some attractive investment opportunities.
Turning a New Leaf in Chinese Investing
(19:21) With changes to Chinese regulatory policy, many investors have started to pull away their investments in China. Putting the pandemic and geopolitical tensions aside, could these investors perhaps be leaving potential opportunities behind as a result?
Crossover Investing in a Sea of Change
(14:59) With companies staying private longer and seeking new, innovative ways to go public, it begs the question: is there a confluence of these two asset classes at play? Could investing in late-stage private companies be the next big next out-of-the-box entry point for investors?
How Big Data Casts New Light on Reopening Stocks
Our recent work on the COVID-19 Delta variant not only reminds us that data science can give us insights into the pandemic, but also about the ways alternative data need to be marshaled to provide actionable information for our investment views.
When Offices and Shops Re-Open, Is the 5G Story Over?
Working and shopping from home during the pandemic highlighted the importance of 5G connectivity. But the pandemic only accelerated a trend that has been underway for years. Far from being over, the 5G story is only just beginning.
Thinking Big When It Comes to Small Caps
(15:57) With the rise of meme stocks making headlines earlier this year, what other investment tools might be available to new and seasoned investors alike when it comes to investing in small caps?
If 5G Is Here, Can 6G Be Far Behind?
Whether it’s 5G or 6G, the core investment theme is the same – opportunities enabled by next generation connectivity. Investors can benefit by seeking to identify the enablers and beneficiaries of this megatrend, across a range of sectors and value chains.
How Is 5G Affected by Tensions Between the U.S. and China?
Think of data as the new oil and 5G as the pipeline. 5G is seen as a strategic asset by many nations, as it is a key infrastructure to driving technology innovation and economic growth.
Hedge Fund Perspectives
We explore hedge fund strategies with structural appeal in a complex market environment.
The Rising Tide of Equity Duration
(14:44) With concerns of inflation pressures anticipated in the months ahead, we explore Equity Duration as an intriguing tactic to consider during the potential winds of change in today’s economy.
Evaluating the Options
(19:05) With volatility returning to the Options market, what are investors’ options now in this new investing climate?
The Growing Case for Global REITs
Fast growth potential and diversification could make a strong case for going global with real estate—and listed real estate is arguably the only practical way to do it.
Thematic Investing: Visibility & Predictability
(1:53) In this video, Jay Aston, Co-Portfolio Manager of the Paduano Global Thematic Investment Group, provides an update on the current pandemic environment and discusses how their thematic process allows them to stay focused during such volatile and uncertain times.
Digital Drivers of Real Estate Opportunity
Shifts in technology are contributing to a new landscape in the listed real estate universe.
Using Our Voice in Value Investing
Constructive relationships and a long-term perspective can open doors when engaging with companies and other shareholders.
Small Cap Equity Market Update
(2:30) Benjamin Nahum, Neuberger Berman Small Cap Equity Portfolio Manager, discusses how small cap equities performed amidst the market sell-off in the first quarter of 2020 and provides an update on portfolio positioning.
Equity Market Perspectives
(3:38) Sandy Pomeroy, Neuberger Berman Equity Portfolio Manager, discusses how higher yielding segments of the equity market have held up amidst the recent equity market decline and areas of the market where she is seeing opportunity.
Navigating Disruption in the REITS Market
(3:25) Brian Jones, Co-Portfolio Manager from Neuberger Berman’s Real Estate Securities Group, provides an update on the listed real estate market and strategy positioning amidst this period of heightened market volatility.
Activist Investing: The New Normal
(17:20) Shareholder activism has gained traction among investment managers as a means to implement meaningful change to improve long-term profit potential.
5G: The Next Generation of Connectivity
(20:04) The implementation of 5G networks will allow for greater connectivity, affecting just about every area of the economy—how should investors prepare?
Wrestling in the Markets
Slowing growth, low yields and geopolitical maneuvers are making for quite a spectacle.EXPLORE NEUBERGER BERMAN