LEADING GLOBAL VALUE MANAGER MATT MCLENNAN ON COMPANIES THAT THRIVE DESPITE US INVESTMENT RISKS

January 27, 2023

Part 1 of 2

The Federal Reserve is currently facing a debate on Wall Street about how much longer it will continue to fight against inflation. The Fed’s goal is to bring the inflation rate down to a long-term average of around 2%. Some investors believe that the Fed will continue to stay the course and keep fighting inflation, while others are tracking the slowdown in inflation indicators and believe that the Fed may cut rates in the second half of the year.

Matthew McLennan, Co-Head of the Global Value team at First Eagle Investments, is a leading global value manager with a successful track record of investing in the U.S. and overseas.

McLennan will examine the risks of monetary and fiscal tightening amidst high debt levels in the U.S. and discuss the types of companies that can succeed despite these challenges.

WEALTHTRACK Episode #1931 broadcast on January 27, 2023
Listen to the audio-only version here:

Explore This Episode

We have compiled additional information and content related to this episode.

MATTHEW MCLENNAN


ACTION POINT

IDENTIFY THE BALLAST, THE STABILIZER IN YOUR PORTFOLIO

  • First Eagle Global Value Fund – core position in gold bullion 
    • Provides stability
    • Gold 11.3% of the portfolio (12/31/22)
    • Provided protection & limited decline in 2022 
  • Gold is easier to own than ever through ETFs
    • SPDR Gold Shares (GLD)
    • iShares Gold Trust (IAU)

BOOKSHELF


ONE INVESTMENT

FIBER LASERS LEADER 

BUY IPG PHOTONICS (IPGP)


STOCK MENTIONS

Analog Devices, Inc. (ADI)

Texas Instruments Incorporated (TXN)

HCA Healthcare Inc. (HCA)


FROM THE ARCHIVE

Matthew McLennan from the WEALTHTRACK Archives:


WEB EXTRA

POLITICAL MARKET RISKS

Avid reader Matt McLennan recommends a book that is relevant to some of the political forces in play today with risks to the financial markets.


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