In this podcast, we chatted at length with Stephen Lingard, SVP, and Portfolio Manager, Franklin Templeton Managed Solutions, about his Multi-Asset outlook for 2018.

In conclusion, we asked Stephen Lingard where the opportunities are, where he is positioning portfolios for this year and beyond.

We asked Stephen Lingard for his thoughts on the argument that low dispersion in Index stocks is making it harder for active investors to beat their benchmarks.

Stephen Lingard talks about why the return of volatility is heralded by active investors.

“If I was managing an ETF portfolio, I would probably have concerns about a changing regime – a lot of what has worked worked over the last few years has been because of high stock correlations, sector correlations, and even cross-country correlations,” says Lingard.

We exchange thoughts with Stephen Lingard on the very ‘managed’ economy, markets, prices, risk, and earnings of ‘The Great Monetary Experiment,’ that is nearly a decade old. What does the future hold as the central bankers turn down the volume?

We exchange thoughts with Stephen Lingard on the very ‘managed’ economy, markets, prices, risk, and earnings of ‘The Great Monetary Experiment,’ that is nearly a decade old. What does the future hold as the central bankers turn down the volume?

Stephen Lingard is senior multi-asset fund professional directly responsible for managing over C$10 billion in AUM across multiple strategies in Canada and offshore for Franklin Templeton Multi-Asset Solutions.

He has a diverse skill set in research, strategy, asset allocation, portfolio construction and risk management as well as extensive experience with retail and institutional clients globally. He is also a regular contributor to financial media in Canada and Asia.

With volatility and inflation continuing to be AWOL, we wondered if there is any connection between the two. Why have both of these factors remained at historical lows for so long – where have they gone, and did they go together?

Stephen Lingard discusses, among other things, his strategic view that they continue to favour equities, because investors have had a long memory of the scars of 2008, and as a result this will most likely be the longest economic cycle on record.

In this first part of our featured podcast series with Stephen Lingard, SVP and portfolio manager, Franklin Templeton Managed Solutions, we discuss the importance of anticipating change.

Dan Dupont maintains that reducing risk by reducing exposure to over-valued stocks is the key to long term success as an investor. The cost of valuation risk is potentially far greater than the cost waiting for opportunities.