International money manager Cambiar Investors details the performance of their strategies and the global markets in their latest commentary. While remaining optimistic, they see increased stock market volatility in the second half of 2014 and stress the importance of diversification and balance within portfolios.
“Looking ahead to the second half of the year, Cambiar remains optimistic about the overall positioning of the International Equity and Global Select portfolios. We continue to believe that Japan offers a compelling risk/reward opportunity, emboldened by solid execution and attractive valuations at the corporate level, as well as strengthening macroeconomic data. Cambiar is also encouraged by the recent policy actions of the ECB to combat disinflation, although an important next step will be to evaluate if these measures provide the necessary catalyst for increased lending volumes.“