Eugene Barbaneagra, Portfolio Manager, joins hosts Steve Sedgwick and Julianna Tatelbaum, and guest host Doug Peterson, CEO of S&P Global, in-studio to discuss the European markets. He shares insight on goals-based investing, our value investment approach and long-term outlook.
Watch the Full Segment Here
IPO: An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance.
Quantitative: Quantitative analysis is based on computer-driven models.
P/E: Price to earnings ratio is the ratio of a company's share price to its earnings over the past 12 months, which can be is used to help determine whether a stock is undervalued or overvalued.
Price-to-book: The price-to-book ratio compares a company's market value to its book value. The market value of a company is its share price multiplied by the number of outstanding shares. The book value is the net assets of a company.
Long/short: A long position is positioning to gain from future strength of a particular security or currency. A short position is positioning to gain from future weakness of a particular security or currency.
Long duration: Long duration bonds are more price-sensitive to changes in interest rates.
Data from famed academic and author Ken French1 show that prolonged periods (defined as rolling five-year time horizons) in which U.S. value underperforms growth have historically been followed by significant outperformance by value over the following three years. Although recent returns may imply otherwise, U.S. value has rebounded and outperformed in more than 70% of these scenarios since 1927.
Statements regarding ability to take short positions are in regards to portfolios managed by Mr. Barbaneagra.
SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, is the Manager of the SEI Funds in Canada.
The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the Funds or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, derivative or futures contract. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and investment advice from an investment professional. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. There is no assurance as of the date of this material that the securities mentioned remain in or out of the SEI Funds.
This material may contain "forward-looking information" ("FLI") as such term is defined under applicable Canadian securities laws. FLI is disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. FLI is subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from expectations as expressed or implied in this material. FLI reflects current expectations with respect to current events and is not a guarantee of future performance. Any FLI that may be included or incorporated by reference in this material is presented solely for the purpose of conveying current anticipated expectations and may not be appropriate for any other purposes.
Information contained herein that is based on external sources or other sources is believed to be reliable, but is not guaranteed by SEI Investments Canada Company, and the information may be incomplete or may change without notice.
Index returns are for illustrative purposes only, and do not represent actual performance of an SEI Fund. Index returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
1 Data Library, courtesy of Professor Kenneth R. French. Tuck School of Business, Dartmouth College. As of May 2019.