Join CFA Society Winnipeg and special guests for our Spring Luncheon on Thursday April 24th.
We are pleased to have with us Featured Speaker Harry Phinney, Vice-President & Product Manager from Franklin Templeton Fixed Income Group.
"Global Opportunities in a Rising Rate Environment"
Rising interest rates pose a significant threat to traditional fixed income investors. Taking an unconstrained approach to global fixed income investing provides investors with the ability to position defensively with regard to interest-rate risk while capitalizing on opportunities around the globe.
Effects on Monetary Policy changes
- Global liquidity conditions remain abundant despite fears of Fed's tampering.
- Normalization of interest rates from distortedly low levels has already started and is likely to be more long-term in nature.
Opportunities in Emerging Markets
- Emerging-market countries are less reliant on foreign capital as they were a decatde ago.
- All emerging markets are not equal - fundamentals differ widely.
- Individual country selection is essential for seeking attractive returns.
China's New Growth Model
- Lower trend growth rate but sufficient to support global aggregate demand.
- China's economy is increasingly a domestic demand story rather than primarily reliant on investment spending.
Harry Phinney is a Vice-President and Product Manager responsible for Global Fixed Income strategies at Franklin Templeton Investments. Mr. Phinney has over eight years of experience in the investment industry.
Prior to joining the Franklin Templeton Global Fixed Income Group in 2012, Mr. Phinney worked at Northern Trust as a senior investment research analyst focused specifically on global long only and alternative fixed income strategies. Previously, Mr. Phinney worked at Bank of America as an associate analyst with the firm's Global Wealth and Investment Management division.
Mr. Phinney holds an MBA and BS in international relations (summa cum laude) from Northeastern University, as well as an MA in applied statistics with a concentration in financial mathematics from Columbia University.