Global Economic & Market Conditions Outlook 2020

1. Strength in Services is Offsetting Manufacturing Weakness
2. Monetary & Fiscal Stimulus Should Postpone a Recession
3. Trade Policy Remains a “Wildcard” to Potential Outcomes
4. Value as a Style/Factor is Inexpensive on a Global Basis
5. Geopolitical & Economic Risk Remains Elevated = VOLATILITY

Michael Mullaney, Director of Global Market Research
Mr. Mullaney is the director of global markets research for Boston Partners. He rejoined the firm from Fiduciary Trust Company where he was chief investment officer with responsibilities that included setting the firms overall investment policy practices and establishing both strategic and tactical asset allocation targets for client portfolios. Prior to that, Mr. Mullaney was the director of fixed income with Boston Partners Asset Management. Prior to joining Boston Partners, Mr. Mullaney was managing director and senior investment strategist at Putnam Investments, specializing in portfolio strategy and key account portfolio management. Before that, he was a senior consultant with Chase Econometrics/ Interactive Data Corporation, focusing on quantitative methodologies in fixed income and equity management. Mr. Mullaney holds a B.S. degree (Cum Laude) in biological sciences from Boston University and an M.B.A. in Finance from Babson College. He has a total of thirty-eight years of investment experience.



Boston Partners
Employing 160 individuals including 59 investment professional, Boston Partners specializes in traditional value investing, with an investment process & philosophy that was established more than 25 years ago. The firms process systematically blends fundamental research with quantitative screening to identify undervalued stocks throughout the capitalization spectrum. Boston Partners offers distinctive investment capabilities. The core offerings, both long only and long/short value equities use an investment approach that was developed by the firm’s founders in the 1980s.

Global Economic & Market Conditions Outlook 2020 PDF

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