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BMO Global Asset Management offers complete investment advisory solutions and multidisciplinary asset management strategies to institutional investors, consultants, wealth advisors and their clients. At BMO Global Asset Management, we believe better conversations lead to better outcomes. It’s why we share direct access to the insights and conversations our investment teams have to build high quality portfolios that address the investment needs and outcomes our clients seek. Visit BMO Global Asset Management’s Viewpoints for our latest insights. Subscribe to get insights from BMO Global Asset Management delivered directly to your inbox.

BMO Global Asset Management

April 2, 2020

April 2020 Fixed Income Market Update

The coronavirus and the measures taken to contain it have had a massive impact on individual lives, the economy and financial markets. While known to be large, significant uncertainty remains regarding just how dire the impacts will be.

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BMO Global Asset Management

March 26, 2020

Congress Comes Through in a Big Way

After many days of intense negotiations (and many bungled sports metaphors to describe how close the sides were to a deal), The Trump Administration and the Senate reached agreement on an extremely large coronavirus stimulus package, totaling roughly $2 trillion.

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BMO Global Asset Management

March 19, 2020

Repeat After Me: “The Central Bank is the Lender of Last Resort”

Chairman Powell, when asked about the role of fiscal measures to address the economic slowdown, did not mince words – “Fiscal response is critical.” Following the announcement, futures markets and international equity markets retreated. The primary reason for this market reaction is likely the accelerating economic slowdown that is becoming more evident by the hour as closure announcements and business activity restrictions take hold.

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BMO Global Asset Management

March 12, 2020

Fear the Bear?

The coronavirus-driven equity market selloff since February 19 has been swift and severe. With the sharp downward price action on the S&P 500 on March 9 (driven by virus fears in addition to an oil price crash after Saudi Arabia started a price war), we are now very close to a bear market, 11 years to the day of the Financial Crisis low.

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BMO Global Asset Management

March 5, 2020

A Rate Cut – But Is It Enough?

The move followed a call between Fed Chairman Jay Powell and other leaders of G-7 economies to discuss developments with the virus and the potential economic fallout.

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BMO Global Asset Management

February 20, 2020

Is Inflation Frozen Too? Should the Fed Let It Go?

If the economy has been expanding for a decade, why isn’t inflation higher? The reason to ponder the dog that didn’t bark is that inflation has significant impacts to fixed income markets both through implications directly to rates as well as for monetary policy.

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BMO Global Asset Management

February 6, 2020

Coronavirus: The Potential Impact on Markets

We believe the recent market selloff is largely justified given the uncertainty around the impact of the coronavirus and China’s importance for global growth. However, we would view a more severe selloff as a buying opportunity considering we do not expect the coronavirus to derail the strength in the longer-term fundamentals of the global economy.

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BMO Global Asset Management

January 30, 2020

2020 Outlook: Opportunity for Active Investors in Emerging Markets

Stock market returns in 2019 ended on a high with the MSCI EM index adding over 18% (in U.S dollar) for the year, with a 12% gain in the final quarter. Despite this very strong total return, emerging equities still under performed their developed market counterparts. In particular the US delivered a blockbuster year at 31% (as measured by the S&P 500 Index).

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BMO Global Asset Management

January 23, 2020

Secrets of 2x Advisors

Our panelists, David Griffin of Atlanta Retirement Plans, Jania Stout of Hightower, and Robert Scherzer of Pensionmark, discuss what they learned on their path to 2x, including how they conquered the challenge of growing so rapidly.

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BMO Global Asset Management

January 9, 2020

January 2020 Fixed Income Market Update

U.S. economic data surprised to the upside in December with strong employment and growth results and the Fed remained on hold as expected. Progress on tariffs and U.K. election results lowered geopolitical noise for the time being. These developments led to continued improvement in risk sentiment.

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BMO Global Asset Management

December 19, 2019

Worldwide Woes and Debt

One of the most fascinating moves in recent years has been the global tumble in long-term government bond yields to never-before-seen levels. In a number of countries, they fell into negative territory.

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BMO Global Asset Management

December 12, 2019

Exploring the Low Volatility Anomaly

We are taught to assume that there is a linear relationship between risk and return. In other words, for a greater reward you have to take greater risk. And from an investment perspective, we’re taught this concept of the capital asset pricing model or CAPM, which states the expected return of an asset is a function of risk.

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BMO Global Asset Management

December 5, 2019

December 2019 Fixed Income Market Update

In November, global economic data was mixed, while U.S. growth and employment data continued to surprise to the upside. China trade tensions continued to moderate, which improved risk sentiment, though resolution remains elusive.

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BMO Global Asset Management

November 14, 2019

Opening For Business: China A-Shares And A Diversified Portfolio

Over the last year, China’s equity markets gained greater global presence when China-A shares were listed on the MSCI and FTSE indices. Yet, the government has been slow to open more investment opportunities to foreigners. In this episode, we explore this rapidly evolving economy and how U.S. investors should view China in the context of their emerging markets exposure.

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BMO Global Asset Management

November 7, 2019

November 2019 Fixed Income Market Update

Declining geopolitical risk in the form of tempering of tensions regarding China trade and Brexit as well as easing monetary policy in the U.S. improved market sentiment in the month. Global manufacturing data weakened, while U.S. employment data remained solid.

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BMO Global Asset Management

October 31, 2019

Fed Issues Third Rate Cut Of 2019

The Federal Reserve Board cut the Fed Funds rate by 25 basis points during their October meeting. This was the third rate cut since July, reducing the Fed Funds Rate 75 basis points since the beginning of the year. Prior to the meeting, various Fed members cited weaker economic data as well as outside risks to the outlook including the US-China trade war and Brexit.

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BMO Global Asset Management

October 17, 2019

Substantial Phase One Deal

The outline for a limited trade deal was announced on Friday between the US and China which involves the US postponing increasing tariffs on $250B of Chinese goods from 25% to 30%, which was scheduled for October 15. In return, China agreed to increase agricultural purchases and make some modest concessions on access to its financial markets and curbs on intellectual property theft. The December tariff hikes were not addressed and no concessions were made on Huawei.

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BMO Global Asset Management

October 3, 2019

October 2019 Fixed Income Market Update

Receding trade tensions and expectations of further monetary policy easing globally were in focus in September as global data continued to weaken, while U.S. economic data quietly improved.Despite U.S. tariffs on $125 billion worth of Chinese goods as well as Chinese tariffs on $75 billion of U.S. goods taking effect on the first of the month, overall trade tensions eased in September.

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BMO Global Asset Management

September 26, 2019

It’s Personal: The Growing Need For Financial Wellness Programs

78% of Americans are living paycheck to paycheck, 43% of student loan borrowers are not making payments and nearly half of all employees can’t cover a $400 emergency. In an effort to help employees understand and improve their personal financial health, many plan sponsors and their advisors are turning to workplace financial wellness programs.

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BMO Global Asset Management

September 5, 2019

September 2019 Fixed Income Market Update

Trade tensions dominated market headlines during the month, while markets continued to digest the shift in U.S. monetary policy begun with the Fed’s rate cut at the end of July.On August 1, the U.S. indicated it would add a 10% tariff on $300 billion worth of goods coming from China, with the threat to increase tariffs on $250 billion of goods up to 25% absent progress on a trade deal.

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BMO Global Asset Management

July 11, 2019

July 2019 Fixed Income Market Update

Shifting expectations around monetary policy globally and trade tensions dominated market news in June.The tariffs that President Trump announced on all imports from Mexico at the end of May were scuttled before implementation as Mexico agreed to institute more stringent border security.

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BMO Global Asset Management

June 27, 2019

I am the Walrus…Goo Goo Ga Joob

How did we get to the 10-year Treasury yield closing in on 2.0%, well below the Federal Reserve (Fed) target of 2.25-2.50%? It’s a fair question that has no clear answer. Let’s face it; relatively speaking, it’s all been a bit surrealistic and tough to digest. But our mystery tour set off late last year on equity weakness as the S&P 500® Index fell 13.5% over the fourth quarter.

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