Disciplined Core Equity Fund - I Class · NASDAQ:AMEIX
Disciplined Core Equity Fund - I Class — American Century Investments — Investor Presentation (January 2023)
17 slides from Disciplined Core Equity Fund - I Class's investor presentation, January 2023
Slide 1: Investment Outlook Q1 2023
Investment Outlook Q1 2023 ACI – 2677516 Non-FDIC Insured ● May Lose Value ● No Bank Guarantee
Slide 2: Contents
Contents Review Quarterly Market Recap 3 Snapshot 5 Global Economy 6 Global Macroeconomic Inflation 7 Outlook Monetary Policy 8 Interest Rates 9 Global Equity 10 U.S. Fixed Income 11 Investment Outlook Global Fixed Income 12 Multi-Asset Strategies 13 Glossary 14 2
Slide 3: Quarterly Market Recap | Global Equity
Quarterly Market Recap | Global Equity As of 12/31/2022 Indexes Current and 52-Week Range Returns (%) Summary Equity Current Low Range High Quarter YTD 1 Year Global stocks rose on hopes that moderating inflation and slowing economic growth might slow central bank tightening. Stocks declined S&P 500
Slide 4: Quarterly Market Recap | Global Fixed Income
Quarterly Market Recap | Global Fixed Income As of 12/31/2022 Indexes Current and 52-Week Range Returns (%) Summary U.S. Fixed Income Current Low Range High Quarter YTD 1 Year Fixed-income returns were positive as non-U.S. bonds outperformed U.S. bonds in dollar terms. BB U.S. Aggregate 88.88 85.26
Slide 5: Global Macroeconomic Outlook Snapshot
Global Macroeconomic Outlook Snapshot § Higher Borrowing Costs to Weigh on U.S. Growth Global Economy § Energy Crisis Stifles European Economy § COVID Policy Threatens Chinese Economy § U.S. Inflation Likely Has Peaked Inflation § Europe Battles Record-High Inflation § China’s Inflation Remains Belo
Slide 6: Global Economy: Recession risk is rising
Global Economy Recession risk is rising Global GDP Higher Borrowing Costs to Weigh on U.S. Growth 20 After entering a technical recession in the first half of 2022, the U.S. economy United States Eurozone rebounded in the third quarter. But much of the gain was due to a narrowing Japan China trade d
Slide 7: Inflation: Prices remain elevated
Inflation Prices remain elevated Global Consumer Price Indices U.S. Inflation Likely Has Peaked 12 Broad measures of headline and core inflation appear to have peaked, but we don’t expect swift or significant relief from high 10.7 10 prices. Inflation likely will remain elevated and notably higher t
Slide 8: Monetary Policy: Central banks are still tightening
Monetary Policy Central banks are still tightening Fed’s Inflation Fight Risks Overtightening Central Bank Policy Rates While inflation has moderated, the Fed remains steadfast, waiting for concrete evidence that its tightening plan is defeating inflation. 5% 4.50% U.S. Federal Meanwhile, the econom
Slide 9: Interest Rates: Short-maturity yields are still climbing
Interest Rates Short-maturity yields are still climbing U.S. Treasury Yield Curve (%) 5.0 Treasury Yields Rise on Hawkish Fed Policy 4.5 Despite slowing economic growth and ongoing geopolitical tensions, we 4.0 believe the Fed remains the primary driver of Treasury yield movements. As the central ba
Slide 10: Investment Outlook: Global Equity
Investment Outlook: Global Equity We think recession is the most likely outcome as tightening campaigns to tame inflation take a toll on the global economy. Developed Non-U.S. Markets | Macro headwinds place premium on security selection. With global demand slowing, we are biased toward business mod
Slide 11: Investment Outlook: U.S. Fixed Income
Investment Outlook: U.S. Fixed Income Spreads U.S. Credit We are maintaining a more defensive posture amid ongoing market volatility Spreads vs. 10-Year U.S. Treasury (in bps) and economic uncertainty. We expect inflationary pressures and slower Trailing 5-Year Range economic growth to weigh on corp
Slide 12: Investment Outlook: Global Fixed Income
Investment Outlook: Global Fixed Income Yields and Spreads Non-U.S. Developed Markets Latest Mo. Change Average Treasury Yields (bps) End 1 Mo. 3 Mos. 1 Yr 5 Yr 10 Yr We are maintaining neutral duration in Europe, with an overweight in U.S. 443 20 15 370 163 118 semicore countries, including France,
Slide 13: Investment Outlook: Multi-Asset Strategies
Investment Outlook: Multi-Asset Strategies Asset Class Bonds endured a difficult year in 2022, but one upside of these price declines is that 10-year Treasury yields are as high as they’ve been since 2010. Similarly, cash yields haven’t been this high since January 2008. Meanwhile, corporate earning
Slide 14: Glossary
Glossary Slide 3 | Quarterly Market Recap: Global Equity Chicago Board Options Exchange (CBOE) VIX Index tracks the expected 30-day future volatility of the S&P 500 Index and is a widely used measure of market volatility and risk. Dow Jones Industrial Average (DJIA) is made up of 30 blue chip stocks
Slide 15: Glossary
Glossary Slide 4 | Quarterly Market Recap: Global Fixed Income Bloomberg Barclays (BB) Global Aggregate Index (unhedged) is a broad-based measure of the global investment-grade fixed income markets and includes the U.S. Aggregate, Pan-European Aggregate, and Asian- Pacific Aggregate indices. The ind
Slide 16: Glossary
Glossary Slides 11 and 12 | U.S. Fixed Income and Global Fixed Income Outlooks Bloomberg Barclays U.S. Aggregate Corporate Index is an unmanaged index considered representative of the U.S. investment-grade, fixed-rate bond market. Bloomberg Barclays U.S. Corporate High-Yield Bond Index is an unmanag
Slide 17: American Century Investments
American Century Investments American Century Investments is a leading asset manager focused on delivering investment results and ® building long-term client relationships while supporting research that can improve health and save lives. It’s how we and our clients together Prosper With Purpose.® Ev
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