Investment Insights Podcast – June 6, 2014

Bill MillerBill Miller, Chief Investment Officer

On this week’s podcast (recorded June 5, 2014): Bill reacts to the long-awaited policy change announcement from Mario Draghi, president of the European Central Bank.

What we like: Announcement met or exceeded expectations; lower interest rates; bank lending stimulated; a wide variety of positives overall

What we don’t like: Didn’t deliver the “helicopter”; fell short of establishing a program to buy securities, similar to quantitative easing

What we are doing about it: Leaning towards a more bullish posture in Europe; looking at emerging market companies that would benefit from the lower interest rates

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The views expressed are those of Brinker Capital and are not intended as investment advice or recommendation. For informational purposes only. Holdings are subject to change.

Investment Insights Podcast – January 14, 2014

Investment Insights PodcastBill Miller, Chief Investment Officer

On this week’s podcast (recorded January 13, 2014):

  • What we like: Global synchronized recovery
  • What we don’t like: Complacency (too much bullishness) associated with the global synchronization, making the market vulnerable to pullbacks.
  • What we are doing about it: Minor hedging in some portfolios; looking at underlying health of global synchronized recovery as central event, with sentiment as a secondary event.

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The views expressed are those of Brinker Capital and are for informational purposes only. Holdings are subject to change.

Investment Insights Podcast – December 6, 2013

Miller_PodcastBill Miller, Chief Investment Officer

We are entering into a period where good news is bad news.On this week’s podcast (recorded December 5, 2013):

  • Good news: U.S. economy is better with many positive indicators (employment, housing starts).
  • Bad news: Markets are not reacting to the good news, drawing into question Fed policy.
  • What we are doing about it: Remaining bullish for 2014, keeping an eye on interest rates and Fed tapering.

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Investment Insights Podcast

Miller_PodcastForecasting the Six Asset Classes

Fresh off his Capital Markets Assumption Meeting, Bill Miller discusses the 12-month forecast for the six major asset classes.

While the overall observation is that Brinker Capital is bullish across the six asset classes, here is the forecast for the next 12 months:

  • U.S. Equities – 7%
  • International Equities – 8%
  • Fixed Income – near 0%
  • Real Assets – 2.5%
  • Absolute Return – 3%
  • Private Equity – 10%

Click the play icon below to launch the audio recording.


The views expressed are those of Brinker Capital and are for informational purposes only. Holdings are subject to change.