CNBC Interviews Brian Singer
July 23, 2014
Brian Singer, partner and co-portfolio manager of the William Blair Macro Allocation Fund, says U.S. stocks are fundamentally expensive on CNBC’s “Squawk Box.” For that reason, the investment team has more of a defensive position within the U.S. equity market, but he continues to find global opportunities.
In the interview, Singer highlights that the portfolio is:
- Long U.S. large-cap value, short U.S. large-cap growth, which may provide a hedge if there’s a market disturbance
- Long U.K., Italian, and Spanish equities in developed markets
- Long Korea, China, and Russia in emerging markets
“The opportunities that exist are where others seem to have feared to tread,” says Singer. These investment decisions are consistent with fundamentals, he says. “These markets tend to be relatively cheap now, and we’ve stepped in to find opportunities.”
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The opinions and forecasts expressed in the following interview are those of Brian Singer as of July 23, 2014, and may not actually come to pass. This information is subject to change at any time based on market and other conditions and should not be construed as investment advice or a recommendation of any specific security. Not all securities held in any William Blair strategy portfolio performed as favorably as those discussed, and there is no guarantee that these or other securities will perform favorably in the future. Investments are subject to market risk.
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