InvestorView Q1 2020

March 04, 2020
In this issue of InvestorView, we provide a look back at the exceptional year that capped off a stellar decade in the markets, and then we turn the page to the future – our outlook for the economy and markets for 2020 and beyond, as well as the future of retirement planning in light of the new Secure Act.

In the feature article of this issue of Investorview, Chief Investment Strategist Scott Clemons provides an outlook for the economy and markets in 2020 by first looking back at the history of economic cycles. In the face of numerous global uncertainties and heightened valuations, markets don’t need a reason to correct; nevertheless, a patient and disciplined focus on value, rather than price, will help BBH’s clients navigate current and future volatility.

Also in this issue, Chief Investment Officer Suzanne Brenner and Senior Investment Analyst Tom Martin look back at an exceptionally strong finish to a stellar decade in the markets, and in light of the longest bull market in history, they provide advice to investors on asset allocation, risk management and the outlook for the market as we look ahead. We discuss investing in private markets, which is an important component of many client portfolios. In this article, Caroline Thomas and Thomas Martin, both Senior Investment Analysts, provide advice on how to construct a prudently-sized private markets portfolio with adequate diversification. Finally, we discuss retirement planning and encourage clients to review their plans. The new Secure Act rewrites the rules of the road for IRA owners, especially those who might inherit IRAs.

Brown Brothers Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries. This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners. © Brown Brothers Harriman & Co. 2021. All rights reserved.PB-03343-2020-02-13

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