Investing in Volatile Markets
COVID-19 is impacting societies and markets around the world. The below insights from Neuberger Berman thought leaders and senior investment professionals aim to provide guidance and useful knowledge, in real time, to help investors navigate through this uncertain period.
Webinar | Continuing the Discussion: Navigating Turbulent MarketsOn March 25, Neuberger Berman Chief Investment Officers, Joe Amato, Erik Knutzen and Brad Tank were joined by Senior Health Care Analyst Terri Towers, PhD, and Director of Research, Asia, YT Boon. Listen to Replay
Videos: Markets Unscripted
Senior credit professionals Ashok Bhatia, Deputy CIO in Fixed Income, David Brown, Co-Head of Global Investment Grade Fixed Income, Susan Kasser, Co-Head of Private Credit and Joseph Lynch, Global Co-Head of Non-Investment Grade Credit discuss the market implications and potential opportunities arising from the recent unusual market dynamics.
European Fixed Income Market UpdateIn this video, Investment Grade European Fixed Income Head, Patrick Barbe provides an update on current conditions across bond markets, explaining what he believes marks an important turning point in the current situation. He also offers his outlook and an update on positioning, considering potential trends such as a shift away from globalization towards more domestically-oriented growth prospects.
Small Cap Equity Market UpdateBenjamin 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.
Macro Insights and Asset AllocationErik Knutzen, Chief Investment Officer – Multi-Asset Class Strategies, discusses why he believes the market volatility that has characterized this environment will continue to persist along with highlighting select areas that may present opportunities for investors.
EAFE Equity Market Update: Volatility PersistsBenjamin Segal, Neuberger Berman EAFE Equity Portfolio Manager, provides an update on non-U.S. developed equity markets and how the impact of COVID-19 varies across and within regions.
Real Estate Securities Market UpdateIn this short video, Gillian Tiltman, Portfolio Manager of the UK and Continental European portion of Neuberger Berman’s Real Estate Securities Group offers an update on real estate markets. Gillian explains why some of the longer-term secular demand trends her team have been focused on are now being highlighted by the current situation. She also updates on positioning across portfolios.
Currency Market UpdateIn this video, Neuberger Berman’s Head of Global Currency, Ugo Lancioni provides an update on currency markets during the current period of volatility. Ugo reviews how global currencies have been impacted by the situation, outlining key drivers of FX markets. He also explains how he aims to identify the winners and losers amid the current dynamics.
Fixed Income Market Update: “A Week of Healing”Thomas Sontag, Neuberger Berman Investment Grade Fixed Income Portfolio Manager, provides an update on the investment grade fixed income market and discusses how the U.S. mortgage-backed securities market fared over recent weeks.
Small Cap Equity Market UpdateJudy Vale, Neuberger Berman Small Cap Equity Portfolio Manager, provides an update on the small cap equity market for the first quarter of 2020 and portfolio positioning amidst this period of market uncertainty.
Large Cap Growth Investing During a Volatile TimeJason Tauber, Neuberger Berman Large Cap Growth Portfolio Manager, discusses how growth stocks have performed amidst the recent equity market decline and provides an update on portfolio positioning.
Real Estate Securities Update: Market Reacts to Stimulus PackageSteve Shigekawa, Neuberger Berman Real Estate Securities Portfolio Manager, discusses the impact of the recently approved fiscal and monetary stimulus packages and portfolio positioning in light of the economic slowdown.
CLO Market UpdatePim van Schie, Neuberger Berman Non-Investment Grade Credit Portfolio Manager, discusses market activity for CLOs over the past month and the team’s approach to navigating the risks associated with the sell-off in the non-investment grade fixed income market.
Municipal Market PerspectivesJames Iselin, Head of Neuberger Berman Municipal Fixed Income, recaps the unprecedented volatility experienced in the month of March. He also discusses the outlook for municipals and the resiliency of muni credit versus corporate fixed income.
Uncorrelated Strategies Market UpdateIn this short video, Portfolio Manager, Fred Ingham provides an update on current conditions across uncorrelated strategies, offering his thoughts on both the short and longer-term impacts of COVID-19 on asset markets. He also updates on the positioning of Neuberger Berman’s portfolios.
Equity Market PerspectivesRichard Nackenson, Neuberger Berman Equity Portfolio Manager, comments on the unprecedented level of volatility that has characterized the markets over the past month and how this time period compares to historical periods of market stress.
China Private Equity Markets UpdateThe recent outbreak of COVID-19 in China has led to significant impacts on businesses and industries. With the country’s economic activities picking up, Lydia Hao, Principal, Asia Private Equity, provides an update on what happened in the China private equity markets, and how China GPs are navigating the uncertainty and identifying opportunities.
EMD Market UpdateGorky Urquieta, Co-Head of the Neuberger Berman Emerging Markets Debt Team, discusses the factors that contributed to the sell-off of EMD assets over the past month and how the team is positioning portfolios in this volatile market environment.
Market Volatility | Closing Bell InsightsOn this episode of Closing Bell Insights, Joseph V. Amato, President and Chief Investment Officer of Equities, shares his market update and insights after the closing bell, including potential implications for investors.
High Yield Market Update: Volatility PersistsChristopher Kocinski, Neuberger Berman U.S. High Yield Senior Portfolio Manager, discusses the factors that have contributed to the volatility in the non-investment grade credit market and how his team has adjusted portfolios as spreads have widened.
Perspectives on VolatilityCharles Kantor, Neuberger Berman Equity Portfolio Manager, shares his perspectives on the volatility that has characterized the markets over the past month and discusses how this downturn compares to the one that occurred in 2008.
How Could Covid-19 Affect 5G?The way we live, work and learn has shifted markedly since the Covid-19 outbreak. With greater reliance on online resources, we see an increased demand for faster network speeds that could be enabled by 5G. How could the pandemic affect 5G rollouts? Where are the opportunities? Watch YT Boon, Director of Research – Asia, as he shares his insights on the demand for this service.
EM Equity Market UpdateMarco Spinar, Neuberger Berman Emerging Markets Equity Portfolio Manager, discusses changes in the EM equity market over the past two weeks and how his team is managing through economic uncertainty prevalent across EM countries.
Equity Market PerspectivesSandy 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.
Macro Insights and Asset AllocationErik Knutzen, Chief Investment Officer – Multi-Asset Class Strategies, discusses the impact of last week’s Fed actions and stimulus package along with how this decline is different than 2008 in terms of markets and investment implications.
Perspectives on LiquidityAnne Brennan, Chief Risk Officer and Ken DeRegt, COO for Fixed Income, share their insights on managing liquidity in today’s markets, with a look at how this compares to 2008.
Fixed Income Market UpdateDavid Brown, Co-Head of Global Investment Grade Fixed Income, provides an update on how recent support from the Fed has impacted the fixed income markets and how his team is navigating this uncertain time.
Sustainable Equity Investing in An Uncertain MarketIngrid Dyott, Neuberger Berman Sustainable Equity Portfolio Manager, discusses recent government efforts to stimulate the economy and how sustainable companies are faring in the current market environment.
China Bond and Equity Markets UpdateChina was the first economy to be struck down by COVID-19 and looks to be the first to come out the other side. Peter Ru, Senior Portfolio Manager, China Fixed Income Strategy Leader and Meng Ning, Senior Portfolio Manager, China A-Shares provides an update on how the economy is recovering, what happened in China bond and equity markets, and what are the unknowns and opportunities ahead.
Using Data Science to Bring Order to the DisruptionMichael Recce, Chief Data Scientist, discusses the data sets his team is analyzing to help us look at trends that may give some insight on the path for a return to normalcy in both public health and the economy.
Global High Yield Market UpdateIn this video update from Senior Portfolio Manager, Vivek Bommi, we review conditions across global non-investment grade bond markets and offer our outlook for the asset class.
Large Cap Value Investing During A Volatile TimeEli Salzmann, Neuberger Berman Large Cap Value Equity Portfolio Manager, provides an update on large cap equity markets and why the tide might be turning towards value investing.
The Significance of ESG IntegrationJonathan Bailey, Head of ESG Investing at Neuberger Berman, looks at how companies are responding in the crisis and the significance of sound ESG policies in today’s markets and going forward.
Small Cap Equity Market UpdateGregory Spiegel, Neuberger Berman Small Cap Equity Portfolio Manager, provides an update on small cap equity markets and portfolio positioning amidst this period of market uncertainty.
Corporate Hybrid Bonds Market UpdateIn this short video, Senior Portfolio Manager, Julian Marks provides an update on current conditions within corporate hybrid bond markets, outlining the biggest unknowns and updating investors’ on the current positioning across Neuberger Berman’s portfolios.
High Yield Market UpdateJoe Lind, Neuberger Berman High Yield Portfolio Manager, discusses factors driving the high yield market and strategy positioning during an uncertain time.
Navigating a Challenging Municipal Bond MarketJames Iselin, Head of Neuberger Berman Municipal Fixed Income, discusses unprecedented yields and portfolio positioning amidst this period of market volatility.
Navigating a Challenging Small Cap Equity MarketKenneth Turek, Neuberger Berman Small Cap Growth Portfolio Manager, discusses uncertainties facing small-cap investors and portfolio positioning for a challenging market environment.
Emerging Markets Debt Market UpdateIn this brief video update, Rob Drijkoningen, Co-Head Emerging Markets Debt, provides an update on markets and current positioning, offering his views on the most important factors affecting investors at the moment.
Volatility and Options Markets: Uncertain Times; But Not UnprecedentedDerek Devens, Portfolio Manager from Neuberger Berman’s Option Group, discusses uncertainties facing investors and their implications for option premiums.
Macro Insights and Asset AllocationErik Knutzen, Chief Investment Officer – Multi Asset Class Strategies, discusses uncertainties facing investors and where they may turn to seek “quality investments and quality yields” when re-allocating risk assets.
EM Equity: Managing Through “Indiscriminate Selling”Conrad Saldanha, Senior Portfolio Manager from Neuberger Berman’s Emerging Markets Equity Team, discusses how he's navigating the turbulent market in both a macro and fundamental context.
International Equity Investing During A Turbulent TimeElias Cohen, Portfolio Manager on the Neuberger Berman International Equity Team, provides an update on the non-U.S. developed equity markets and strategy positioning in a volatile market environment.
Navigating a Volatile Fixed Income MarketDavid Brown, Global Co-Head of Investment Grade Fixed Income, provides an update on the fixed income markets and strategy positioning during an uncertain time.
Navigating Disruption in the REITS MarketBrian 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.
Asset Allocation Committee Outlook 2Q2020
Should investors consider loading up on the riskiest assets when markets begin to stabilize?READ MORE
Do Banks Have a Liquidity Problem?
Many Institutions are in strong financial shape, while recent issuance reflects prudence in the face of crisis.READ MORE
In the News: Charles Kantor featured on Bloomberg US MarketsCharles Kantor, Senior Portfolio Manager, The Kantor Group recently appeared on Bloomberg US Markets to discuss the current volatility in the equity markets and why he believes companies with solid balance sheets and business models will likely prevail during this period of uncertainty. Charles also shared his thoughts on why he believes this is different than the Global Financial Crisis of 2008.
The Health Care Sector through a COVID-19 LensOn Thursday, April 2, Senior Health Care Analyst, Terri Towers, spoke with us to discuss her views on the implications of COVID-19 on the healthcare sector. Looking at the progression and outlook for the pandemic, Terri focuses on the impact on the healthcare industry itself: where are the stressors, which areas will be hit the hardest and what is the long-term view of the impact to this sector.
A Tale of Two MarketsMarch was the worst of times for financial markets, and yet the best of times for primary issuance of investment grade credit.
China RecoversChina was the first economy to be struck down by COVID-19, but that means it is the first to recover—and its onshore bond and equity markets may be a good place to get exposure.
Investment Grade Credit: Open For BusinessThe new-issue market remains available to investment-grade corporate credit, thanks to swift and sizeable monetary support from the Federal Reserve.
Navigating Volatility in Global Non-Investment Grade Credit MarketsHigh yield spreads and loan prices appear attractive for long-term investors, in our view.
Audio Insight: The Course of COVID-19Terri Towers, Senior Healthcare Research Analyst looks at the current progression of the COVID-19 pandemic as well as her views on inflection points and treatment timelines.
Have We Reached Herd Immunity?Understanding the trajectory of the Coronavirus is a core aspect of seeking to control the outbreak, and is also highly relevant to the task of investors as they look to position themselves effectively in current market volatility. Our Chief Data Scientist explains what the data is saying about the spread of COVID-19.
Safety FirstAfter a big sell-off, many fear missing the rebound—but we expect more volatility and think the time for opportunism will come later.
Four Things to Remember in a Market DownturnVolatility, diversification and the merits of long-term investing
A Note from Chairman and CEO George Walker
Unique Disruptions, Exceptional MeasuresAs we argued in our previous piece detailing the Fed’s 100bps cut and increased asset purchases, although the Fed had unloaded countless rounds of ammunition, additional firepower remained.
Shock and AweDoes this week’s multitrillion-dollar shot in the arm vaccinate the economy against the worst impact of COVID-19?
Emergency Landing to the Zero BoundTwo weeks after reducing its policy rate by 50 bps to 1.25%, the Federal Reserve met Sunday in lieu of its scheduled meeting on March 18th and cut rates by a further 100 bps, effectively returning to the zero lower bound. The central bank also announced a host of other measures aimed at supporting the financial markets, and by extension, the real economy.
High Drama in High YieldCoronavirus and the OPEC price war combine for a one-two punch to high yield markets.
Update on Global Non-Investment Grade Credit MarketsWe unpack the short-term and long-term, transitory and permanent impacts of recent news on the high yield and loan markets.
Prepare for the Long HaulWhy the major uncertainties twisting markets out of shape today are likely to persist for months.
Coronavirus: A Moving TargetIf you haven’t reduced risk, it’s probably not too late to do so; if you are already conservatively positioned, it may be too early to buy the dips.