Eugene Barbaneagra on CNBC Squawk Box Europe

July 3, 2019

“The idea is to determine life goals and maximize the probability of achieving those goals.”

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

Glossary

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.

Legal Note

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.

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1 Data Library, courtesy of Professor Kenneth R. French. Tuck School of Business, Dartmouth College. As of May 2019.