WrapManager's Wealth Management Blog

Money managers John and Nick Calamos of Calamos Investments dissect many of the issues the world is waiting on to be decided. "Even though we may find ourselves in a waiting game as the global financial markets and economy navigate the current challenges, we are not sitting by passively. We see opportunities, and we are acting on them. Reflation, the growth and prosperity of emerging markets, global corporate competition and the technology revolution are creating a breadth of investment choices for us." Download Full Commmentary Here Get Free Research Reports about Calamos Investments [+] Read More

Money manager Lazard is out with their latest quarterly commentary regarding Emerging Market equity and fixed income. "Over the next 12 to 18 months, we believe that the outlook in emerging markets remains relatively strong and that growth rates will slow to a healthy level. Furthermore, we continue to expect headline inflationary pressures to subside as growth declines marginally and liquidity tightening measures work their way through emerging markets economies. Perhaps most importantly, we believe that valuations are reasonable in emerging markets, given this backdrop." Download Full Commmentary Here Get Free Research Reports about Lazard Asset Management [+] Read More

Money manager Alliance Bernstein discusses slower than expected growth during the first half of the year and makes a prediction for the coming second half. "US economic growth fell short of our forecast in the first half, owing to unexpected weakness in construction and defense, a spike in energy prices and supply disruptions. We expect faster growth in the second half, driven by gains in auto output and strong liquidity flows - if job markets gain traction." Download Full Commmentary Here Get Free Research Reports about AllianceBernstein LP [+] Read More

Money manager Avatar Associates takes a look at prospects for the second half of 2011 and the track record of analysts and their predictions. "While second quarter profits may be encouraging against a shaky background, if managers suggest that their expectations for the immediate future have moderated, then the hoped-for second half revival will face a serious challenge. Incidentally, analysts are strongly guided by these management assessments. And if analysts have never correctly forecast trouble ahead, perhaps it is because neither has management. It is usually a case of going over the waterfall together. So if management actually does see a slowdown ahead, we should all take note." Download Full Commmentary Here Get Free Research Reports about Avatar Associates [+] Read More

Lord Abbett's Senior Economist Milton Ezrati writes an excellent and in depth piece focusing on Japan, its current situation and prospects for the future. "Japan still plays a critical role in the global supply chain and the global economy generally. Still, it cannot generate electricity or staff factories. And Japan now needs to do both. The questions, then, to consider are: 'How soon, if ever, will Japan recover its former productive role? And how will the shock of the recent disaster change the Japanese economy's long-term direction?'" Download Full Commmentary Here Get Free Research Reports about Lord Abbett Company Llc [+] Read More

Money manager Churchill Management Group reviews the current market correction and their top-down indicators, which remain mostly bullish. The history of the unwinding of a secular bear market is also explored, comparing economic similarities between the 1930s and today. "If history repeats itself as we expect, it should come with the "buying opportunity of a lifetime" that we have referred to in the past." Download the Full Churchill Commentary Here Get Free Research Reports about Churchill Management Group [+] Read More

In their second quarter investment commentary, money manager Janus dives into U.S. equities, central bankers, fixed income and global events. "Despite some challenging macro events, the global recovery remains on track. We are seeing healthy vital signs in many of the companies that we follow. U.S. equities continue to offer extremely compelling valuations, in our view. Although the overall bond market has become more susceptible to interest rate volatility, we continue to see attractive risk-reward opportunities in corporate credit." Download Full Commmentary Here Get Free Research Reports about Janus Capital Management LLC [+] Read More

In his latest must read commentary, Chief Investment Officer David Iben at money manager Tradewinds discusses the concept of money and its use throughout history. "When discounting future cash flows, the "value" of that cash at the time it is received in the future should be in the forefront of peoples' minds. Fiat currencies and bonds are somebody's liability. Governments' ability to make good on these obligations is imperative. In light of the current, precarious situation of most issuers of paper currency and sovereign bonds, Tradewinds prefers to own good business franchises and tangible wealth." Download Full Commmentary Here Get Free Research Reports about Tradewinds NWQ Global Investors, LLC [+] Read More

Money manager ClearBridge reviews their Multi-Cap Growth portfolios, highlighting the reasons for specific performers and under-performers. A summary of economic events and their outlook moving forward is also discussed. "While concerns remain about deficits, inflation and, of course, the negative consequences of unforeseen major macroeconomic and geopolitical events and their impact on the market, our experience has taught us that often the macroeconomic situation dictates investors' reactions and triggers unwarranted selling, which can actually create longer term buying opportunities." Download Full Commmentary Here Get Free Research Reports about Legg Mason ClearBridge Advisors [+] Read More