Finding Value in Today's Investing Climate, from Emerging Markets to ESG

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 17 September 2018

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

International Goldman Sachs Asset Management CEO Sheila Patel joins us in the studio to discuss key trends facing investors, from where opportunities remain in emerging markets assets to the growth of ESG investing to sovereign wealth funds' shift towards transparency. "Across the board [with both legacy and new sovereign wealth funds] what you've seen go on is an increase in transparency, a realization that the level of concern about their actions or what they might be doing could lead to a potential distrust or a disruption of their activities." This podcast was recorded on August 2, 2018. The views and opinions expressed herein should not be construed as an offer to buy or sell any securities and such views and opinions may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. This information may not be current and Goldman Sachs has no obligation to provide any updates or changes. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by any Goldman Sachs entity. The portfolio risk management process includes an effort to monitor and manage risk but does not imply low risk. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0	This is Exchanges at Goldman Sachs, where we discuss developments currently shaping markets, industries
0:13.4	in the global economy. I'm Jake Stewart, global head of corporate communications here at the firm.
0:18.3	This episode is all about the investing climate around the globe from Tailwinds and headwinds facing the asset
0:24.4	management industry to opportunities remaining for emerging markets to the
0:28.2	growth of ESG investing and much much more. From London today we're
0:32.2	joined by Sheila Patel, Chief Executive
0:34.9	Officer of International Goldman Sachs Asset Management. Sheila, welcome to
0:38.8	the program. Welcome back to the program. Thanks Jake. Last time you were on, back in early 2017, you talked about your conversations with clients
0:45.8	all around the world following President Trump's election.
0:49.0	Fill us in on how those discussions have evolved over the past year and a half of this
0:52.6	administration particularly in light of the trade tensions and all the
0:56.0	geopolitical uncertainty we've witnessed. Well it's been a long year for Klyas I'll
1:00.4	say that since we last spoke. I think really what's happened is concerns have become more concrete.
1:06.0	If the last time we spoke people wondered what might happen.
1:09.0	Now people are still wondering but they can point a finger at some more specifics. They're worried about
1:14.2	trade tensions. They're worried about how it impacts global markets. They've seen that even
1:18.8	noise about some of these issues ends up creating disturbances in places where they've found value up to this
1:24.8	point such as emerging markets.
1:27.0	And so the action we're seeing is certainly not incredibly scared or dramatic, but it is much more focused on what the actual implications
1:36.2	are of Trump's policies and overall of the global climate that seems to be a little less
1:41.6	favorable towards globalization.
1:43.2	Does that make a little bit easier to model though at some level like you know what
	...

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