The 2012 Capital Group Private Client Services Roundtable

We recently gathered nine members of our investment team for a wide-ranging discussion covering everything from the outlook for stocks and bonds to whether global diversification still makes sense.

Below you’ll find a series of video excerpts from this wide-ranging discussion. You can also download the entire Roundtable publication by clicking on the link at the bottom of this page.

Why equities look especially compelling today

In this segment, equity portfolio manager Ted Samuels explains why he believes companies with a globally diversified footprint are attractively priced and poised to do well over the next three to five years.

 

What are the chances that the equity markets will turn around in the short-term?

Although we remain focused on the long-term, many clients wonder what the coming year may hold for stocks. In this discussion, portfolio specialist Greg Fuss says, despite macroeconomic concerns, the fundamentals seem very strong.

 

Finding value in bonds following the recent run-up

The fixed-income markets have done extremely well over the past decade, as nervous investors have flocked into bonds. As a result, yields remain at or near record lows. So, are bonds still worth owning? Absolutely, say fixed-income portfolio managers John Queen and Karl Zeile.

 

Evaluating the prospects for real estate and gold

While the real estate market remains weak, there are signs of improvement, according to investment specialist Jan Inscho. At the same time, though gold had another stellar year in 2011, equity portfolio manager Todd James says it just doesn’t look that compelling from his perspective.

 

Does long-term investing still make sense?

In light of recent volatility, some pundits contend that buying and holding individual stocks is no longer wise. To equity portfolio manager Shelby Notkin, such negative sentiment actually makes him more optimistic about having a longer term view.

 

What could cloud the outlook for stocks?

While the panelists at this year’s Roundtable were optimistic on the outlook for the markets overall, equity portfolio manager Ted Samuels explains what could potentially cause stocks in particular to stumble.

 

Capital’s fixed-income research capabilities

While the Capital organization is widely known for its robust global equity research capabilities, the firm’s fixed-income expertise is equally strong. In this segment, bond portfolio manager Karl Zeile discusses how having an integrated approach adds significant value.

 

Should you still invest in a global portfolio?

U.S. equities did much better than most international markets in 2011. Does this mean it’s no longer necessary to invest globally? Quite the contrary, according to equity portfolio manager Gerald Du Manoir.

 

The statements herein reflect the views of the individual panelists, are subject to change and do not necessarily reflect the views of Capital Group Private Client Services. The opinions are current as of the date of the Roundtable (January 2012) and are based upon sources believed to be reliable. There is no guarantee that any projection, forecast or opinion will be realized. Past results are no guarantee of future results.

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