Commercial Real Estate Outlook: There’s a Storm on the Horizon (Sept 2023)
CRE ‘hurricane’ thesis: higher rates, maturity wall, bank pullback and office stress; opportunities for nonbank lenders and preference for newer-vintage multifamily.
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Emerging Markets Strategy: Q4 2025 Review & Attribution
EM equities outperformed across 2025; attribution, sector/country allocation, contributors/detractors, and positioning focused on AI-related semis and resilient consumption. View PDF
We Predicted the CRE Storm: What Happened and What’s Next? (Oct 2025)
2025 follow-up: confirms declines and lender pullback, notes ‘extend & pretend’, outlines why CRE debt still offers superior risk-adjusted returns and what’s ahead. View PDF
Franklin Allocation VIP Fund: Q4 2024 Commentary
Quarterly performance review and outlook covering global equities, fixed income, and tactical positioning; discusses US exceptionalism, sector drivers, and key detractors/helps. View PDF