A manufacturing renaissance in the American Midwest
January 31, 2014
U.S. manufacturers are realizing substantial advantages over international competitors. Portfolio Manager Bob Zenouzi discusses this trend and its implications for economic growth, including:
- the likelihood of better relative growth in the U.S. versus emerging markets
- an increasing shift toward U.S.-based manufacturing versus outsourcing overseas.
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The views expressed represent the Manager’s assessment of the market environment as of November 2013 and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice.
(Source: Bloomberg; Cornerstone Macro)
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Past performance does not guarantee future results.
International investments entail risks not ordinarily associated with U.S. investments including fluctuation in currency values, differences in accounting principles, or economic or political instability in other nations.
Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility and lower trading volume.