William Blair
January 16, 2019
Active Never Rests™

Monetary Policy: Navigating a Troop of Gorillas

Global central banks are like a troop of 800-pound gorillas harassing capital markets with their coordinated easy monetary policies. Their influence creates significant risks, but also reveals significant opportunities.

At William Blair, our active culture creates a dynamic environment in which we are continuously evolving in pursuit of better client outcomes.

Active Never Rests: Discover how active is more than just an investment approach at: https://williamblair.com/active 

DISCLOSURE Filmed September 2018

The views and opinions expressed herein are those of the speakers as of the date of publication, are subject to change without notice as economic and market conditions dictate, and may not reflect the views and opinions of other investment teams within William Blair. Factual information has been obtained from sources we believe to be reliable, but its accuracy, completeness, or interpretation cannot be guaranteed. This material may include estimates, outlooks, projections, and other forward-looking statements. Due to a variety of factors, actual events may differ significantly from those presented.

This video has been provided for informational purposes only and should not be considered as investment advice or a recommendation of any particular strategy or investment product, or as an offer to buy or sell any securities or related financial instruments in any jurisdiction. Investment advice and recommendations can be provided only after careful consideration of an investor’s objectives, guidelines, and restrictions. Investing involves risks, including the possible loss of principal. Equity securities may decline in value due to both real and perceived general market, economic, and industry conditions.

Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit, and inflation risk. Currency transactions are affected by fluctuations in exchange rates; currency exchange rates may fluctuate significantly over short periods of time. Diversification does not ensure against loss. Any investment or strategy mentioned herein may not be suitable for every investor.

Past performance is not indicative of future results. Charts or graphs referenced herein are provided for illustrative purposes only and are not indicative of the past or future performance of any William Blair product or strategy. The Opportunity Set represents the aggregate discrepancy between fundamental value and price for a subset of equity and bond markets and currencies measured by the Dynamic Allocation Strategies team. Fundamental value estimates are based on the team’s proprietary research. The S&P 500 Index measures the performance of the large capitalization segment of the U.S. equity market. The index is unmanaged, does not incur fees or expenses, and cannot be invested in directly. Standard deviation is a statistical measurement of variations from the average.

Copyright © 2018 William Blair. “William Blair” refers to William Blair Investment Management, LLC. William Blair is a registered trademark of William Blair & Company, L.L.C.

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