CAPTRUST's Vogelzang on Markets, Strategies

The video discusses current economic challenges, including a slowing economy, Fed tightening, high oil prices, and the impact of Russian sanctions. It explores defensive investment strategies, such as reducing equity exposure and increasing quality in fixed income portfolios. The discussion also covers global market perspectives, highlighting risks in emerging markets and the potential for unexpected events. Finally, it examines market sentiment, asymmetric risks, and the importance of risk management in uncertain times.

What are some of the challenges currently facing investors according to the speaker?

• High oil prices

• Fed easing

• Stable global political environment

• A rapidly growing economy

How is the speaker's investment strategy becoming more defensive?

• By reducing Treasury exposures

• By upgrading the quality of fixed income portfolios

• By investing more in emerging markets

• By increasing equity exposure

Why is the speaker skeptical about finding value in China as a hedge?

• Due to high confidence in global equity markets

• Because emerging markets have consistently outperformed

• Due to the potential for unexpected negative events

• Because China has a stable economy

What does the speaker mean by a 'non-asymmetric risk profile' in the market?

• There are no risks in the market

• Risks are equally balanced

• Downside risks are greater than upside risks

• Upside risks are greater than downside risks

What has happened to equity prices in the US since the invasion, according to the speaker?

• They have become unpredictable

• They have increased

• They have remained stable

• They have decreased significantly

What is the speaker's view on investor sentiment and psychology?

• It is quite negative

• It is overly optimistic

• It is always positive

• It is irrelevant to market outcomes

What is the speaker's main concern as a risk manager?

• Maximizing short-term profits

• Focusing on what could go wrong

• Ignoring potential risks

• Predicting exact market movements