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Richard Turnill

Richard Turnill, Managing Director, is Global Chief Investment Strategist for BlackRock, leading the Investment Strategy Function within the BlackRock Investment Institute (BII).

Disclosure: The content Market Realist publishes should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of Blackrock.

More From Richard Turnill

  • uploads/// Stoxx
    Company & Industry Overviews

    Why Are We So Cautious on Global Equities?

    Investors have become wary of global equities (EFA). That’s on a backdrop of continued uncertainty surrounding global economic growth and weak corporate earnings.

    By Richard Turnill
  • uploads///The Eurozone Is the Biggest Export Partner of Britain
    Miscellaneous

    The Implications of the Brexit: What You Should Know

    We believe the UK’s departure from the EU will be a long and complicated process as officials sort through UK and EU laws.

    By Richard Turnill
  • uploads/// Global Growth
    Company & Industry Overviews

    What Are the Rate Hike Implications for Emerging Markets?

    An interest rate hike in the United States (IVV) is likely to pose a huge challenge to emerging markets.

    By Richard Turnill
  • uploads/// Euro consumer spending
    Company & Industry Overviews

    Strong Consumer Spending Is Supporting Eurozone Growth

    Consumer spending is supporting strong economic growth in the Eurozone (IEV) (VGK).

    By Richard Turnill
  • uploads/// MSCI EM Index
    Company & Industry Overviews

    Why Emerging Market Debt Still Looks Attractive

    Investors have tended to pull money from U.S. equity funds in the month before election day in the past four presidential elections, EPFR Global data show.

    By Richard Turnill
  • uploads///A BLR
    Company & Industry Overviews

    Risk-Reward Ratio Is in Favor of Emerging Market Debt

    Emerging market debt (EMB) has attracted investor’s attention as a higher-yielding alternative in a world where yields are quickly falling below zero.

    By Richard Turnill
  • uploads///Global Markets Have Recovered After a Dreadful Start for the Year
    Macroeconomic Analysis

    Can Global Markets Continue to Surge?

    Since the start of the year, global markets have recovered well. The S&P 500 has risen 15.5%, emerging markets have risen 17.2%, and developed markets have risen 13.2%.

    By Richard Turnill
  • uploads/// BLR
    Company & Industry Overviews

    Assessing Sovereign Bonds amid Heightened Global Uncertainty

    Global uncertainty, Brexit, and the prospect of further easing from central banks in developed markets have spurred demand for government debt.

    By Richard Turnill
  • uploads/// Euro Yield
    Company & Industry Overviews

    Why Does Fixed Income Look Promising?

    Under the current uncertain economic circumstances, investors searching for higher yield might turn to fixed income.

    By Richard Turnill
  • uploads///A BlackRock
    Company & Industry Overviews

    Why Emerging Markets Are Rebounding

    Emerging markets (IEMG) (AAXJ) are expected to grow at a healthy pace of 4% in 2016 and see even higher growth in 2017.

    By Richard Turnill
  • uploads///B BLR
    Company & Industry Overviews

    A Look at Popular Post-Brexit Investments

    The uncertain global environment created after the Brexit vote made investors hope for a perpetual low rate environment. The prospect of further easing from central banks in the developed markets has spurred strong demand for government debt.

    By Richard Turnill
  • uploads/// Gold
    Company & Industry Overviews

    Why Safe Haven Assets Could Gather Strength

    We could see this nudging up Treasury yields and supporting the U.S. dollar. Gold may be a better hedge in the short run.

    By Richard Turnill
  • uploads///A US Inflation
    Company & Industry Overviews

    Will the Fed Allow the Economy to Run Hot?

    Against this background, the Fed is likely to increase rates gradually while allowing the economy to strengthen further.

    By Richard Turnill
  • uploads/// Munis Returns
    Company & Industry Overviews

    Why US Municipal Debt Looks Attractive

    U.S. municipal debt looks attractive against other bond sectors, and we see potential for inflows after munis’ recent strong performance.

    By Richard Turnill
  • uploads/// TIPS ETF
    Personal Finance

    How to Beat Inflation?

    We see inflation-linked bonds such as US Treasury Inflation-Protected Securities (TIPS) as a valuable hedge against inflation. We also like inflation-linked debt in the Eurozone and Japan as a potential substitute for nominal bonds. Market Realist: inflation-linked bonds could turn out to be a better choice Inflation-linked bonds (TIP) provide a hedge against inflation by […]

    By Richard Turnill
  • uploads///PART
    Company & Industry Overviews

    Which Assets Find Support in a Reflationary Environment?

    The focus can now shift to the assets that are more cyclical, like financials (XLF) (IYF), utilities (XLU) (IGF), and dividend growers.

    By Richard Turnill
  • uploads///PART
    Company & Industry Overviews

    Which US Sectors Look Appealing in the Reflationary Environment?

    To stop the economy from going into deflation, reflationary measures are sometimes necessary.

    By Richard Turnill
  • uploads/// Europe Yields
    Company & Industry Overviews

    Where to Spot the Right Investment Opportunities

    On top of the world So which sovereign bonds do we prefer from an investment point of view? We like US Treasuries as a hedge against “risk-off” episodes, though yields are historically low and our overall view on the asset class is neutral. We also hold a neutral view of European sovereigns but prefer selected […]

    By Richard Turnill
  • uploads/// Greece UK Yield
    Company & Industry Overviews

    Why the UK Still Looks Attractive—Despite Brexit

    The United Kingdom’s overall ranking held steady at 18th place, despite the country’s vote to leave the European Union (EU), and UK debt still appears relatively safe from a big picture perspective. The country did, however, suffer a hefty decline in its Willingness to Pay score, given uncertainties over the Brexit process, and its Fiscal […]

    By Richard Turnill
  • uploads///B Chinas Bad loans
    Company & Industry Overviews

    Why Has China’s Risk Ranking Fallen?

    Movers and shakers…and losers The biggest movers in our latest quarterly update? China posted the biggest rankings decline, with a three-notch fall to the 32nd place. This was mostly a result of shuffles of its close neighbors in the index. China’s Financial Sector Health score slumped against a backdrop of rapid credit growth. Norway was […]

    By Richard Turnill
  • uploads///US GDP vs bond yield
    Macroeconomic Analysis

    What Does the GPS for G7 Countries Suggest?

    The G7 countries’ GPS is in line with modest growth—below 2% over the next year with slight upside expected by the consensus in the next three months.

    By Richard Turnill
  • uploads///US future GPS consensus
    Macroeconomic Analysis

    BlackRock’s Macro GPS Pulls on a Broader Set of Information

    Market participants struggle to reassess the macro outlook based on incoming data. The BlackRock Macro GPS tool exploits more sources of information.

    By Richard Turnill
  • uploads///G GPS versus Consensus
    Macroeconomic Analysis

    Will BlackRock’s GPS Tool Give a Better GDP Outlook?

    Traditionally, a country’s GDP provides a measure of the monetary value of the goods and services it produces in a specific year.

    By Richard Turnill
  • uploads///portfolio tracking error
    Macroeconomic Analysis

    Small Portfolio Tweaks Can Help Reduce Climate-Change Risks

    Research shows that companies that have reduced their carbon footprints have outperformed their peers.

    By Richard Turnill
  • uploads///green
    Macroeconomic Analysis

    What Looks Like a Game-Changer in Climate-Aware Investing?

    Green bonds sound like an evolving solution to benefit from the climate change effect. Green bonds are an option to use debt capital markets to fund climate-related projects.

    By Richard Turnill
  • uploads/// Bond proxies
    Company & Industry Overviews

    Why Some Popular Positions Become Risky

    According to Factset data, around 93% of companies in the utilities (JXI) sector and 80% in the telecom (IXP) sector reported revenues below estimates in the second quarter of 2016.

    By Richard Turnill
  • uploads/// Gold Prices
    Company & Industry Overviews

    Why Caution Holds the Key

    The UK has taken over other countries as the most sought-after bond market destination, especially after the Brexit vote.

    By Richard Turnill
  • uploads/// EM Compare to World Indices
    Company & Industry Overviews

    Why Investors Are Upbeat about Emerging Markets

    The sharp rise in global liquidity conditions has been channeled mainly into emerging market (EEM) economies.

    By Richard Turnill
  • uploads/// Country wise Yield
    Company & Industry Overviews

    Why Does Emerging Market Debt Still Look Attractive?

    Emerging market debt (EMB) offers plenty of opportunities to investors. Markets are expected to continue their outperformance for the next few quarters.

    By Richard Turnill
  • uploads/// Div Growers
    Company & Industry Overviews

    Do Dividend Growers Look Appealing?

    Historically, dividend growers have often performed better than the S&P 500 (IVV) and provided higher income during Market volatility.

    By Richard Turnill
  • uploads/// US Inflation Rate
    Company & Industry Overviews

    What Are the Threats for Emerging Markets?

    The major threat to emerging markets is tightening in the US. While the Fed will likely leave rates unchanged in September, a hike is possible in December.

    By Richard Turnill
  • uploads///A Dollar Index
    Company & Industry Overviews

    Fading Risks Are Working in Favor of Emerging Markets

    Low commodity (GSG) prices in the first quarter of the year impacted commodity-driven emerging markets like Russia, Brazil (EWZ), Indonesia, and Venezuela.

    By Richard Turnill
  • uploads/// PE Mutiple
    Company & Industry Overviews

    Why US Markets Are Better Off Than Many Others

    The US Markets is better off than many others. US equities (IWF) look like they’re in a great shape.

    By Richard Turnill
  • uploads/// Revenue Growth
    Company & Industry Overviews

    Second Half Could See Higher Revenue Visibility

    In the second quarter, companies in the S&P 500 are expected to post a 0.3% decline in revenue. In the second half of the year, sales growth is expected to improve gradually.

    By Richard Turnill
  • uploads///A Blackrock
    Company & Industry Overviews

    Why US Profit Recession Is Expected to End in the Second Half

    The US profit recession is expected to end in the third quarter. According to S&P, profits of companies in the S&P 500 are expected to grow 2% in the third quarter.

    By Richard Turnill
  • uploads/// Euro NPL
    Company & Industry Overviews

    Where Should Investors Turn in the Wake of Brexit Results?

    As concerns about weak economic growth are further aggravated in the aftermath of Brexit, European (EZU) stocks are likely to see downward trends for the rest of the year.

    By Richard Turnill
  • uploads///A Blackrock
    Company & Industry Overviews

    Changing Political Landscape in EU Has Heightened Global Uncertainty

    The UK’s decision to exit the European Union (EZU) has set the stage for prolonged political uncertainty in the region.

    By Richard Turnill
  • uploads///Britain Voted to Leave the Eurozone Last Week
    Miscellaneous

    Brexit Impact: UK Decides to Leave European Union

    The UK’s momentous decision to leave the European Union has both short- and long-term implications for investors around the world.

    By Richard Turnill
  • uploads///Equities and Real Yields Have Had a Negative Correlation in the Last Two Years
    Company & Industry Overviews

    How Rising Real Yields Could Affect Equities

    Since the start of 2015, the S&P 500 and real yields have had a high negative correlation. Falling real yields have encouraged investors to take more risk in search of higher returns.

    By Richard Turnill
  • uploads/// Labor issues
    Company & Industry Overviews

    Why Structural Reforms Are Needed to Spur the Japanese Economy

    Market participants believe that the BoJ (Bank of Japan) needs to do more to beat deflation and propel the Japanese economy to sustainable long-term growth.

    By Richard Turnill
  • uploads/// Boj ETF Holdings
    Company & Industry Overviews

    Why Monetary Policy Isn’t Enough to Boost the Japanese Economy

    The BoJ is the one of the largest holders of Japanese (DFJ) government bonds and also a major player in equity markets.

    By Richard Turnill
  • uploads///A Blackrock
    Company & Industry Overviews

    How the Eurozone Managed to Record Decent Economic Growth Recently

    The Eurozone (IEV) (VGK) posted decent economic growth in the first quarter of the year. The higher GDP growth in recent quarters has been driven mainly by rising consumer spending.

    By Richard Turnill
  • uploads/// Div Yield SP
    Company & Industry Overviews

    Why Equities Look Attractive versus Government Bonds

    Equities look attractive versus government debt, recently offering dividend yields above the yield on 10-year government bonds in all major markets. What else should you consider?

    By Richard Turnill
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