The Election is Over – Or is it?

Joe Biden surpassed 270 electoral votes to become President-Elect, but legal proceedings and key Senate races could delay definitive results. A new Biden administration will likely pursue several policy changes relating to taxes, spending, regulations, climate, etc. ACG highlights policy issues most likely to be in focus under the administration and the anticipated impact on markets.

Read More  

 

SPACs: Blank Checks, Full of Promise

Interest in SPACs (Special Purpose Acquisition Company) has surged as investors seek alternatives to traditional IPOs. In this article, ACG describes the SPAC structure, evolution and market dynamics, along with perspectives on private and public equity investment opportunities.

Read More  

Reassessing Opportunities in China A-Shares

Chinese equities outperformed most global equity indices in 2020, particularly emerging markets. China’s domestic (A-share) equity market remains relatively untapped by foreign investors. As China continues to grow and become more accessible to foreign investors, ACG examines the expanding investment opportunity set.


Read More  

Future Return Expectations

Current low interest rates, tight credit spreads and high equity valuations point to lower future returns. It is truly an unprecedented market environment, making forecasting as challenging as ever. ACG reviews long-term historic performance trends, outlines expectations for future returns and provides guidance for allocating capital going forward.
 
 

Read More  

The Federal Deficit…a Widening Gap

The US government’s fiscal response to the pandemic-induced recession has led to levels of spending not seen since WWII. The economic downturn has left government tax revenue far below current levels of spending. ACG discusses the impact of rising federal debt on future economic growth and the implications for investors.
 
 

Read More  

2020: An Election Year Like No Other

Do previous election years provide any useful guidance for a year as unique as 2020? ACG examines the variables in play for this year’s election, and possible outcomes and portfolio implications.

Read More