Our thoughts on 2019: from U.S. Equities to Emerging Markets – BNP Paribas Asset Management – 1.10.19

Summary:

Now On Demand.

Please join us for an outlook discussion on three of our most popular asset classes – Emerging Markets Fixed Income, Global Emerging Markets Equity and U.S. Small Cap Equities.

Our panel of experts will cover global economic themes, as well as our outlook and risk considerations for each asset class. Moderating the call will be our Senior Economist and former N.Y. Fed member, Steve Friedman. Topics to be discussed include:

The U.S. economy:

• Global growth – how significant a slowdown?
• Is the Federal Reserve’s tightening cycle over?

Global emerging markets equity:

• Relative valuations have become increasingly attractive throughout 2018, will they remain that way?
• Evaluation of macro and geopolitical events.

U.S. small caps:

• Where are we in the cycle and how does it potentially affect small cap stocks?
• Valuation – with small cap stocks approaching bear market levels and earnings continuing to grow, are these stocks cheap?

Emerging markets fixed income:

• Expectations for both local and hard currency over 2019.
• Performance expectations.
• Landscape changes including credit deterioration, GCC countries, and China inclusion.

Speakers:

Bryan is the Head of Emerging Market Fixed Income at BNP Paribas Asset Management. In this role, he is responsible for the portfolio management, business strategy and research capabilities within emerging market debt. The EMFI investment team is comprised of 18 investment professionals based in London, Hong Kong, Singapore and Kuala Lumpur. Bryan joined our firm in 2016 and is based in London. Prior to joining us, Bryan was a Portfolio Manager at Acadian Asset Management, where he was lead manager for the Emerging Market Debt and Global Absolute Return Bond strategies. Prior to that, he was an Economist at T. Rowe Price Associates Inc., where he developed economic models to analyze global economic data, estimate risks to growth and inflation, and forecast interest rates. He began his career at the United States Treasury Department, where was lead economist behind the US decision on hundreds of International Monetary Fund, World Bank and Inter-American Development Bank loans as well as crisis policy and debt restructurings in emerging markets.

In the non-profit community, Bryan is involved in the Emerging Market Investors Alliance, for which he co-chairs the Fiscal Transparency Committee charged with furthering investor awareness of data transparency issues and organizing educational events. Bryan has 15 years of investment experience. He holds a bachelor’s degree in Economics and Spanish from Georgetown University as well as a Master of International Development from Harvard University. Bryan is a CFA charterholder.

Pamela is the Head of the US Equities team at BNP Paribas Asset Management. Pamela was a Portfolio Manager and Analyst focusing on Consumer Discretionary before becoming the head of team in 2013. She joined us in 2004 and is based in Boston.

Pamela is the most experienced and longest tenured member of the team. Prior to her current responsibilities, Pamela was Portfolio Manager for Consumer Discretionary. Prior to joining us, she was Vice President, Senior Equity Analyst and Global Sector Manager at Wellington Management. During her time there, she had specific responsibility for global consumer stocks. Prior to that, she was a Vice President, Equity Analyst at Evergreen Investments, and a Vice President, Industry Analyst at Merrill Lynch. She began her career as a Senior Tax Associate at Coopers & Lybrand in 1988.

Pamela has over 25 years of investment experience. She earned her BS from the University of California, Berkeley and her MBA from Harvard Business School.

Quang Nguyen is the team head for the Global Emerging Markets Equity team at BNP Paribas Asset Management.

He is responsible for Consumer, Industrials and Financials. Quang joined the company in 2014 and is based in Boston. Prior to joining us, Quang was an Emerging Markets Portfolio Manager at Altrinsic Global Advisors, a Senior Equity Analyst at Wells Capital Management, a Global Equity Analyst at Fidelity Management & Research, and also an International Equity Analyst at the Boston Company Asset Management. He began his career on the OTC Derivatives desk for Global Markets at Deutsche Bank Australia.

Quang has 19 years of investment experience. He received a BS in Mathematics & Finance from the University of Technology in Sydney, an MCom in Banking/Finance from the University of Sydney and an MBA from Harvard Business School where he was a Robert Menzies Scholar. Quang speaks fluent Vietnamese.

Steven is a Senior Economist at BNP Paribas Asset Management. In this role, he is responsible for developing thematic views on the market, economic and policy outlook in the US and other major economies. Steven joined our company in 2013 and is based in New York.

Prior to his current role, Steven was a Director for the Central Banks and Official Institutions team at BNPP AM. Prior to joining us, Steven held various senior positions within the Markets Group at the Federal Reserve Bank of New York, including Director of Market Analysis and Director of Foreign Exchange and Investments.

Steven has over 19 years of investment-related experience. He holds a BA in Government and Russian studies from Wesleyan University, an MA in International Relations from The Paul H. Nitze School of Advanced International Studies at The Johns Hopkins University, and an MBA from Columbia Business School.