Richard Bernstein Advisors

An increasing number of investors believe that value investing might never again be successful. We think that is a strange conclusion because valuation is critical to every transaction in the economy. An economy cannot function properly without thoughtful value assessments. In our latest insight by Richard Bernstein, we analyze the differences between value and growth investing over time and outline the generational opportunities that investors may be overlooking.  Read now: https://lnkd.in/ehEubE2h

In a Financial Times Opinion Editorial, Richard Bernstein explains why the misallocation of capital in the economy will fuel inflation and why there is a risk of another lost decade in US stocks. Read now: https://lnkd.in/ePfNvE9Q

Join Richard Bernstein from our Partner Richard Bernstein Advisors and our Deputy CEO & Head of International Distribution Jamie Hammond when they discuss the market outlook on this webinar. Richard will explain why RBA believes the divergence in the performance of large and small-cap stocks and high and low-quality bonds is highly unusual and extremely inconsistent. The webinar will also cover: • How historical financial cycles and economic principles continue to hold true • The investment potential created by the current divergence between high-yield bonds and small-cap stocks since 2022 • The current market speculation around large-cap stocks and junk bonds, and its implications for future economic and profit cycles Click here to watch the webinar: https://lnkd.in/enwsVKTA

Bagels with Bernstein is back! We are so excited to be hosting this series back in person at the RBA offices. This past week Rich was joined by RBA’s Director of Fixed Income, Michael Contopoulos and RBA’s National Sales Director, Terry Ober to discuss opportunities outside the narrowest market leadership since the Great Depression. A big thank you to those representing the Thundering Herd of Merrill Lynch for attending! During this, you can sit down with members of our Investment Committee and, of course, Richard Bernstein himself. If you are interested in attending the next event, please contact Sean Gillooley, CIMA, AIF at [email protected].

The stunning St Paul's Cathedral in London was the venue for our 6th Best of Boutiques event held this year. Michael Contopoulos from Richard Bernstein Advisors, Kumar Pandit from Polen Capital and Daniel D. Dolan, Jr. from Dolan McEniry Capital Management, LLC all spoke to investors on their areas of investment expertise including global asset allocation, emerging markets and US corporate bonds. Our Partner DBi (an innovative liquid alternatives asset manager) was represented by iM Global Partner's Greg Clerkson (Director - Global Asset Management), who discussed the important role of liquid alternatives as a portfolio diversifier. Meanwhile, Jean Maunoury, our Deputy CEO - CIO Research & Investment, explained how we choose our Partners and what differentiates them from other managers. Pictured here are (from left): David Barfoot, Director Distribution UK & Ireland, Kumar Pandit, Mike Contopoulos, Daniel Dolan, Jean Maunoury and Greg Clerkson. Learn more about our Partners here: https://lnkd.in/embNnZU #PeoplePerformance #AssetManagement #InvestmentManagement #Investments

iM Global Partner's Green Summer Event is the highlight of our year and this year was particularly special as we had so many of our Partners joining us in Paris. Thanks to Zadig Asset Management, Trinity Street Asset Management LLP, Scharf Investments, LLC, Richard Bernstein Advisors, Dolan McEniry Capital Management, LLC, Polen Capital and Berkshire Asset Management, LLC. This year we also welcomed a number of environmentally friendly companies such as La Ferme des Verveines, Cycle Terre, Néolithe, Micronutris and OLALA! who all wowed us with their innovative products. This event would not have been possible, however, without the hard work and dedication of our staff. Here is a small selection of photos from last week's event. Thanks to everyone who attended and we hope to see you all again next year! #PeoplePerformance

Chinese stocks are off their highs but have performed well so far in 2024. However, worsening political tension between the US and China has not helped sentiment, and investors are also concerned about the wave of regulatory changes seen in China that have affected certain industries like technology, property and education. In the document below, our experts give their views on the situation. Thanks so much to June Lui from Polen Capital, Matt Poterba, CFA from Richard Bernstein Advisors and Philippe Uzan, iM Global Partner’s CIO of Global Asset Management.

It was an absolute pleasure to see so many of our Partners in Paris yesterday at our Best of Boutiques event held at The Ritz. Pictured below from left to right are Richard Bruce from our newest Partner Trinity Street Asset Management LLP, Pierre Philippon and Régis Bégué from Zadig Asset Management, Eric Lynch from Scharf Investments, LLC, Daniel D. Dolan, Jr. from Dolan McEniry Capital Management, LLC, Dan Davidowitz from Polen Capital and Michael Contopoulos from Richard Bernstein Advisors. Our Partners spoke to clients during an informal 'speed meeting' session where they were able to ask questions and interact more closely with them. The subjects covered included: global asset allocation, European equity markets, US equities from both a value and growth perspective and US Corporate bonds. Thank you so much to everyone who participated in this event. Learn more about our Partners here: https://lnkd.in/embNnZU

Richard Bernstein spoke at the First Trust Sales Insight Forum in Nashville, TN to share his current market outlook and explain why deglobalization is a core theme at RBA.

The further acceleration and broadening of corporate profit growth supports RBA’s bullish near-term outlook for many regions and sectors of the stock market. However, when constructing portfolios, it has paid to separate the equity asset allocation decision from the equity selection decision.  In this quick insight, Dan Suzuki, CFA explains why there are other important considerations that argue against being max overweight in stocks despite the positive earnings backdrop. Read here: https://lnkd.in/eXapbaQS