There is no getting around their influence. Our expert is here to get us started with a snapshot. You mentioned the fed and rates. This is a big deal, it has had a big effect on etf flows. We have seen what has gone on the bottom side of things, but we have seen other etf flows. In particular sectors. You would think tech would be number one, that it is real estate. The yield is 5 , 6 , so the thirst for yield has pushed money into interesting places. Our etfs taking over the world . Sectors, itat the is way more owned by passive than other sectors. 5 of real estate etf are owned by passive funds, that is very high. Estate etfsl are owned by passive funds, very high. This company, almost 40 is owned as passive. If we continue to see rates staying low, some of these will be majority owned by passive funds, and if rates rise, look out. Extra selling pressure. Scarlet just a matter of time. Lets bring in the chief Investment Officer of caruso investment. He has a decade of experience in e
Overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. It is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, 16 fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle differences. First on the similar side, i think theyre both consensus builders. I do think youre not going to see anything ext
There is no sense of an overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. You it is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, 16 fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle differences. First on the similar side, i think theyre both consensus builders. I do think youre n
Economy is not significant, we overheated. There is no sense and in overheated economy or a tight labor market. Wage increases are modest. We dont see wages having tightness. Been below the 2 objective for most of the past five years. Is a transitory or are there more fundamental things at work . I think we are all watching carefully to see. We think it is important to gradually move our policy rate towards a neutral level. The economy are strong, unemployment is low, growth appears to have picked up. It is time for us to be normalizing interest rates. Around theoining me table in new york, cohead of Global Management for fixed income at global sacks. Chief investment strategist of fixed income. Coming to us from london is thinks Income Portfolio manager j. P. Morgan. Great to have you on the program. I want to begin with you. What will change for the fed given that the two individuals stay the same. Mike i dont think a lot what a lot will change but there are several differences. I th
The new boss sounds like the old one. The labor market and economy are not significantly overheated. There is no sense of an overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. It is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle diff