Artisan Canvas

In the spirit of continuous improvement, the Antero Peak Group actively reads to further develop perspectives on financial markets and investing, leadership and life experiences. Please see a list of books that have challenged our thinking over the last several years.

Eric Lee is an analyst on the Artisan Partners Growth Team. In this role, he conducts fundamental research, primarily focusing on technology with an emphasis on software companies. 

International markets span thousands of companies across developed and emerging economies, many of which receive considerably less analyst coverage than their US counterparts. In this final installment, we examine why the international opportunity set may be particularly well suited to fundamental research and active security selection.

In this month’s edition, our Chart of the Month highlights the recent disconnect between stock prices and earnings fundamentals. Elsewhere, we look at earnings expectations, Treasury buybacks, US manufacturing, Fed policy and AI infrastructure, alongside Paul Kedrosky’s perspective on the evolving AI investment cycle.

Rijn van der Walt, CFA, is an associate portfolio manager on the Artisan Partners Growth Team. In this role, he conducts fundamental research across multiple sectors. 

In emerging markets (EM) debt, some of the most interesting opportunities are not always broadly marketed. 

Emerging markets (EM) offer a wide range of opportunities across countries, sectors and companies, but that breadth is harder to see in the MSCI Emerging Markets Index. 

If investors cannot reliably predict which market will lead next, what does international exposure add to a portfolio? The case for diversification does not depend on knowing when international equities will outperform. Uncertainty about future market leadership is precisely why diversification matters.

In this month’s edition, we highlight the broadening of market leadership, as the S&P 500® Equal Weight Index has outpaced its cap-weighted counterpart year-to-date. Elsewhere, we look at developments in US manufacturing, corporate earnings, economic growth and recent US support for the yen, before turning to investor Gavin Baker’s perspective on the evolving AI investment cycle.

Investors don’t need to choose between transparency, return potential and diversification.