Healthcare was one sector that did not fully participate in the recent stockmarket rally and finished the first quarter as the worst performer in the S&P 500 index, writes Legg Mason's Evan Bauman.
To remain at firm as partner
Shares dropped 90% since summer
Says they "eat up capital like crazy"
Americans are an optimistic bunch by nature. However, talk of secular stagnation, declining opportunities and faltering growth have become the topics de jour.
Darren Ruane, head of fixed income, Investec Wealth & Investment, looks at the Republican and Democratic candidates and how their case for the economy could affect bond markets in 2016.
John Paulson saw losses over five months
To be managed by DoubleLine Capital
Need to prevent another 'taper tantrum'
Trump gaining traction
Crackdown on domicile changes
Enrique Chang promoted
Banks worst hit
Signal to buy
US Equity Value fund also renamed
With Mario Draghi extending the ECB's QE programme this month, and investors returning to US high yield following a number of recent sell-offs, managers tell Investment Week which areas of the credit sphere are likely to outperform in the coming months...
Number of targets
Last September, we estimated the chances of a US recession occurring in 2016 as one in three. This prediction was less bold than it sounds since recessions have occurred, on average, about once every five years in US history.
Now predicts two quarter point rises
Rising rates also a boost
Driven by global trends and risks
Outlook more 'uncertain' in January meeting
Utilities and telecoms are being negatively impacted by interest rate environment changes, but some sectors are showing resilient economic growth, says Evan Bauman, portfolio manager on the Legg Mason ClearBridge US Aggressive Growth fund.