Interest in ESG
November 14, 2019
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When you look outside of North America you go global, and you go market capsulated from a fixed income standpoint. I mean, do you really want to be benchmark way to Japan or countries that have negative interest rates and have weaker economies? I think that's where an active manager can come in and say, well, we don't want to be 17% we could be five. Similar to Europe. I mean, do you want to be benchmark way to Germany, France or England or you can go to Italy, Spain or other areas around that have better economies or are moving in a different direction. So, I think once you start looking at the global picture, I think you do need to be a lot more selective because 16 and a half trillion dollars are in negative yields. So, you got to think about, well, why would I want a bond that's negative in my portfolio.