Capital Ideas Investing Podcast

In this conversation, Capital Group’s head of fixed income, Mike Gitlin, addresses the recent market volatility and its root causes. He also reveals what key roles fixed income should play in an investor’s portfolio and what it means to upgrade a portfolio’s bond funds to “true core.” This conversation was recorded February 8, 2018. Mike has 24 years of investment industry experience and joined Capital Group in 2015. Before joining Capital, Mike was the head of fixed income and global head of trading for T. Rowe Price. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related: Renewed Volatility Means It’s Time to Refocus on Fixed Income U.S. | Europe |  Asia/Australia The Capital Ideas websites are

Capital Group chairman and chief executive officer Tim Armour discusses the sudden return of volatility to the markets and provides helpful context for advisors and investors. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com.

As an advisor and industry trendspotter, Michael Kitces and his Nerd’s Eye View blog are required reading for many financial advisors. In turn, Kitces devotes much of his time generating free content for the blog, which has become central to his strategy and to his other advisor-related businesses. In this podcast, Kitces discusses how content can pull in new business for advisors. He also gives practical tips for advisors to get started, even if they’re not comfortable writing. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com.

Capital Group portfolio manager Carl Kawaja has spent three decades traveling the world to uncover compelling investment opportunities. In this podcast, Carl shares his optimistic outlook for non-U.S. equities and explains the key drivers to a sustained rally. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com. Related: 3 Reasons for International Investing Today U.S. | Europe | Asia/Australia The Capital Ideas websites are not intended for use by audiences outside the U.S. In Canada, please visit capitalgroup.com/ca for Capital Group insights.  

Today’s internet sector has many investors nervous, with the recent meteoric success of the FANG stocks (Facebook, Apple, Netflix, Google/Alphabet) combined with high valuations and a prolonged bull market. Is this a replay of the 2000 “dot-bomb,” or do these stocks have room to run? Investment analyst Will Craig acknowledges the prevailing tech industry angst but offers a long-term view of the internet that just might startle the skeptics. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Related: 5 Facts to Know About Tech as We Head Into 2018 U.S. | Europe | Asia The Capital Ideas websites are not intended for use by Canadian audiences. In Canada, please visit capitalgroup.com/ca for Capital Group insights.

Capital Group’s annual Outlook is a widely anticipated watch/listen/read within the investment community. Listen to this 2018 podcast rendition and learn whether global equities are still attractive during this protracted bull market, how fixed income assets might react to rising interest rates and how the economic outlook is shaping up for developed and emerging markets. Want continuing education credit? U.S. financial professionals can take the quiz after listening. Rob Lovelace is vice chairman of Capital Group and an equity portfolio manager. He has 31 years of investment experience, all with Capital. He holds a bachelor's in geology from Princeton and is a CFA charterholder. David Hoag is a fixed income portfolio manager at Capital Group. He has 29 years of investment experience, 25 with Capital. He holds an MBA from the University of Chicago and a bachelor’s degree from Wheaton College. Darrell Spence is an economist at Capital Group. He has 24 years of investment industry experience, all with Capital.

Capital Group portfolio manager Shaw Wagener has witnessed the remarkable evolution of emerging markets investing over a career spanning 30-plus years. In this podcast, Shaw discusses the unique challenges of investing in developing markets, the current drivers of EM returns and his thoughts on a bright future for the dynamic and rewarding asset class. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. This content is published by Capital Client Group, Inc.  Related: 8 Charts That Explain the Emerging Markets Rally U.S. | EU | Asia and Australia The Capital Ideas websites are not intended for use by audiences outside the U.S. For additional Capital Group insights, please visit thecapitalgroup.com/ca

Given the explosive popularity of Amazon, some traditional retailers have resorted to introducing in-store “experiences” to lure shoppers through their doors. Others, meanwhile, rely on key competitive advantages to insulate themselves from retail’s biggest disruptor. And what does all this change mean for the great American shopping mall? Here to make sense of the shifting landscape is investment analyst Anne-Marie Peterson, a 22-year industry observer of the U.S. retail scene. She discusses what today’s disruptive forces could mean for investors and even shares what’s on her shopping list this holiday season. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related:  2018 Outlook Webinar – Registe

Women in the U.S. control more than $11 trillion of investable assets. That’s no small constituency for financial advisers and asset managers. In today’s podcast, we’ll hear from Heather Lord, Capital Group’s head of strategy and innovation, about the growing clout of women investors, based on the findings from our “Wisdom of Experience” investor surveys. And we’ll try to dispel a few myths along the way. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related: U.S.:  Women Investors: A Powerful and Confident, Yet Often Misunderstood, Economic Force Canada: https://www.capitalgroup.com/ca/pdf/en/public/Wisdom_of_Experience.pdf

How financial markets work has long been the subject of debate between two academic camps: the efficient markets theorists and the behavioral economists. Into the breach stepped finance professor and author Andrew Lo, who joins Matt to discuss his efforts to bridge this ideological divide. Instead of viewing financial markets as “a physical system like a mechanical clock,” says Lo, “we really need to look at it as an ecosystem with particular organic agents that are acting with each other.” The implications of Lo’s work extend far beyond the ivory tower, to regular investors and society at large. Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc. 

With the Federal Reserve raising interest rates, Capital Group portfolio manager John Queen discusses his outlook for the U.S. bond market, short- and long-term interest rates, and the important role that bond funds can play in a diversified investment portfolio. Listen and learn: Why U.S. interest rates are likely to stay “lower for longer” despite Fed tightening How a lack of inflation is complicating the Fed’s attempt to normalize monetary policy What stimulus withdrawal could mean for financial asset prices You’ll also hear John’s pick to win the Super Bowl. Hint, it’s not the Patriots. Your host Matt Miller is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related: How a Shrinking Federal Reserve Balance Sheet Will

The U.S. may have led the global economic expansion to date, but other major markets provide fertile ground for today’s investor as well. Portfolio manager Gerald Du Manoir, a 27-year investment industry veteran who specializes in international portfolios for Capital Group, discusses where he’s finding opportunities outside the U.S. during this lengthy, if tepid, global recovery. Listen and learn: What the stakes are this busy election season for Europe — and for international investors What makes China the second piston in the engine of the global economy What three investment megatrends Gerald finds mega-intriguing Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related: Not All Bear Markets A

As the September 24 German elections approach, former U.S. Ambassador to Germany John Emerson discusses his outlook for the political contest, the future of Europe in the age of populism, and his new role helping Capital Group expand its investment offerings around the world. Emerson, now Vice Chairman of Capital Group International, served as the ambassador to Germany during a particularly momentous time from August 2013 to January 2017. Listen and learn: How German Chancellor Angela Merkel may fare in the elections, from a man who knows her well Why populism continues to exert significant influence over Western democracy What exactly are Capital Group’s growth plans outside the U.S. Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. Related video: Can France Begin to Restore Order in Europe? with Capital Group portfolio manager Gerald Du Manoir This cont

If you have a credit card, a car loan or any number of other financial products, Wall Street has an impact on your life. In this podcast, author and former investment banker William D. Cohan explains “Why Wall Street Matters” to just about everyone. That’s also the title of his new book, which provides a counterargument to the widespread vilification of Wall Street in the national media and on Capitol Hill. Listen and learn: How Wall Street came to be viewed as an irredeemable villain Why it’s so important to know the truth about this critical engine of our economy What can be done to restore confidence in our financial institutions Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was previously co-host of the public radio program Left, Right & Center. Related: 10 Charts That Explain What You Need to Know About the U.S. Economy This content is published by Capital Client Group, Inc.  Do you have any topics for Capit

Today’s pharmaceutical industry is teetering between an innovation renaissance and an affordability crisis. Investment analyst Craig Gordon, a former practicing physician, takes us inside the complex world of pharma and biotech, where the interests of doctors, patients, insurers and policymakers can often be at odds. Listen and learn: What made 2016 an off year for pharma investors What leading-edge innovations are shaping the industry today, and what sorts of companies stand to benefit Why pharma’s next big innovation just might be affordability Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related Global Companies: The Power of Deep Distribution Networks

This special episode features conversations with two authors from the world of big ideas: TV executive David Goldhill and law professor Tim Wu. A family tragedy propelled Goldhill into an exhaustive analysis — and eventual indictment — of America’s health care system. Listen and learn why the system of incentives in U.S. health care needs a new prescription, and what commonly held myths could be accelerating the system’s downward spiral. Wu’s latest book traces the evolution of advertising from the penny press of the 1830s to today’s BuzzFeed. Learn why today’s quest for clicks raises questions for consumers about the ultimate cost of “free.” David Goldhill is president and CEO of the Game Show Network. He is the author of Catastrophic Care: How American Health Care Killed My Father — and How We Can Fix It.  Tim Wu is a law professor at Columbia University and formerly served as a senior advisor to the U.S. Federal Trade Commission. His latest book is The Attention Merchants: The Epic Scramble to Get Inside O

You wouldn’t want your dog behaving like a cat, so why invest in a bond fund that behaves like a stock fund? In this podcast, Mike Gitlin — Capital Group’s head of fixed income — explains why this concept is so important for investors seeking a well diversified portfolio. Listen and learn: Why bond investors may want to avoid excessive credit risk How “bond math” can protect you from rising interest rates Why the outlook for the U.S. economy matters to bond investors And what exactly is the “Post-Post Crisis Period?” Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was previously co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at CapitalIdeas@capgroup.com. Related: Three Principles of Fixed Income Investing in the Post-Post-Crisis Environment The Capital Ideas website is not

At the midyear point, answers to some of 2017’s burning questions about the global economic recovery and financial markets are coming into focus. Capital Group portfolio managers Jody Jonsson and David Hoag and economist Darrell Spence join host Matt Miller for a lively exchange of ideas with profound implications for investors. Want continuing education credit? U.S. financial professionals can take the quiz here: https://www.assettv.com/player/assettv-us-masterclass-player/105042?cid=sf_pa_10101 Listen and learn: Whether the U.S., Europe and China are in the midst of a synchronized global recovery How long the U.S.’s eight-year bull market can continue Whether rising interest rates will cast a pall over the bond market Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Related: Midyear Outlook: The G

Municipal bonds provide financing for hospitals, roads, schools and many other public projects we all know and utilize, yet many investors are unfamiliar with the inner workings of this nearly $4 trillion market. In this podcast, Capital Group portfolio managers Karl Zeile and Chad Rach explain how the U.S. tax-exempt municipal market works and offer their view on how it might be affected by government reform efforts. Listen and learn: How the muni market is facing challenges from tax reform and health care regulation to Puerto Rico’s debt crisis How high-yield municipal bonds differ from their taxable counterparts Why the muni market was so unsettled following the November U.S. elections Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was previously co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Related: Could Higher Infrastructure Spending Move t

Do U.S. Equities Have Room to Run? Eight years into its current expansion, the U.S. economy has given investors cause for concern. How much longer can it grow? Portfolio manager Mike Kerr acknowledges the elephant in the room but continues to find conditions favorable for U.S. equities in a number of key industries. Listen and learn: Which three industries are poised to lead U.S. growth in the decade ahead Where it pays to be value-oriented as a growth investor How this veteran energy analyst recognized and took advantage of a 30-year opportunity in oil Your host, Matt Miller, is the policy and communications advisor for Capital Group. An author and former Washington Post columnist, Matt was co-host of the public radio program Left, Right & Center. This content is published by Capital Client Group, Inc.  Do you have any topics for Capital Ideas? Please contact our editorial team at capitalideas@capgroup.com.