YouSaid · the spoken record

Lisa Jones

lines on the record: 70
first: 2021-10-29
most recent: 2021-10-29
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“So, I wish today what is so clear to me Only by trial and error. And I would say broadly from a career perspective, it's okay to take risks. You're either going to fail and you'll learn from it or taking the risk will be rewarded. And at the time, I didn't realize risks I may have been taking, changing jobs, changing companies, changing profiles. But I think taking a risk is really important. And that's more career advice that I would offer from a world of investing perspective is, you know, 30 years ago, the market was pretty domestic and not as global or as connected geopolitically or as multinational. And whether it was something I wish I knew 30 years ago or thought about or maybe we just needed to all evolve over time. But today, thinking beyond your borders is super important.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Overcome objections. So if after one, two, or three tries, you're not getting a response, don't just walk away. Keep going at it. Figure out a different way to get in front of the company that you're interested in. And last but not least, and this should be in the wheelhouse of the young colleagues who are coming out of college, do your due diligence and research on a company. Everything is available online. Please don't come and sit down with me and say, you know, how many assets under management do you have?”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“One, I would say it is a fantastic career path that is professionally and intellectually rewarding where you surround yourself with smart, capable, engaging people. So I think it's just a terrific career path. Start networking before you graduate. So use your college alumni networks. Use LinkedIn. I mean, it sounds so basic, but I'm surprised of how many don't use it. And let's not forget the art of handwriting. We're all getting, especially in this day and environment, phone calls have gotten away, but we're getting hundreds and hundreds of emails. It's okay to drop a handwritten note and be persistent. Part of what an employer wants to see is your ability to have tenacity.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I haven't opened it yet, but I did order recently the new Chris Wallace book, The Countdown Bin Laden. That one is something that I want to pick up. And then a very quick read. I got together with a group of high school and junior high school friends not too long ago. And one of my friends gave each and every one of us a book by Charlie McAfee, I think is his last name. It's called The Boy, the Mole, the Fox, and the Horse. You literally can read it in if it takes you longer than 15 minutes, you've daydreamed. It's a quick read, but it is so uplifting about hope and generosity and care. And it was one of those great little field books, feel-good books in the middle of a pandemic. I've given it to my girls and I've given it to a couple of other friends as well. So those are a couple that just come to mind, Baron.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And more from people that I've reached out to, either at other leaders and asset management firms where we're sharing certain challenges, it's kind of affinity groups that you may belong to where you can kind of share some of your challenges. But to me, that mentoring in your first 10 or 15 years of your career is super important. So shout out to Mr. Jerry Poss.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So the early mentor that helped shape my career was when I was at MFS, he actually just retired not too long ago. It's Jerry Potts. He was the head of the bank distribution channel. He hired me at MFF. And he was just a super mentor to me. He saw my strengths. He picked me up when I was down. He challenged me when I was getting too comfortable. He always had a super sense of humor and he was always my advocate. And he was someone that really helped me move throughout the organization. And as I've gone on in time, I would say that mentoring as you achieve kind of growth in your career comes less from people, at least for me, in and around my organization.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, thank goodness for streaming right over the last year and a half or so. So the rules in the house, it's something that my husband and I will enjoy and like to watch so it can have extreme violence or be too soupy saucy on the other hand. So some of the streaming shows that we've watched, we completed Ozark. We just completed, what is it, nine perfect strangers we've watched the mayor of East Ham. I think we also watched as well and we just finished Queen of the South. I don't know if you've seen some of those, but maybe you can add some of those to your life. No, that's...”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“The pricing of our management fees and our total expense ratios in order to be more competitive in order to have the best opportunity to achieve an attractive total return for our shareholders.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“When you think about how the tenure of some of the mutual funds that are offered in the United States, and in particular for some firms who have been in business for decades, like we have at a Monday US, the pricing for those mutual funds were created 20, 25, 30 years ago when interest rates were 15%, when CDs were 12%, and your total expense ratio at that time was appropriate. Come 20, 25 years later, when you have interest rates in the single digit and you have other attractively priced vehicles, pricing has to be key. So we're constantly evaluating, in particular with our mutual funds, with my board of trustees, looking at the market, looking where pricing is, and making the necessary decisions on reducing”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, it is a constant battle. And one of the recent statistics that I saw, this might be maybe a few months old or so, but seven of the last 10 years actively managed mutual funds have been in net outflows at the expense of kind of index and passive investing. And as we've talked about, you and I earlier and before, when you take a look at where the concentration in the market has been”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“App, terrific. If I want to do something over some type of a different Robinhood or nutmeg or any of those others, then what you're really wanting to do is to understand the client segmentation that's most attracted to that and tailor and customize your offering to that client segmentation and how they want to purchase what you're selling. I think it's all relevant. You just have to figure out how to segment your offering and be appropriate in how you deliver it.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“That whoever's on the other side of that is quick to say, no way, that's not happening. So if you think back in the 1980s, it was at the time active versus passive, load versus no load. And what we see today in all of our own portfolios is that there is an appropriate place for passive. There is an appropriate place for active. There's an appropriate place for load, an appropriate place for no load. And I would suggest that there is, just as we as an asset management firm are vehicle agnostic, I think for those wealth management firms that make their services available to investors, they need to be delivery agnostic. So if a client wants to come in and sit down with me as a financial advisor, fantastic. If they want to do something over an”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So let's think of a couple of points in history. And I've always learned that when we as an industry or when media as a reporting entity starts to talk in terms of either or versus or one or the other,”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“To be truly specialized and boutique and offer true value and the middle is what has been squeezed and will continue to be squeezed in the future”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Or how technology will disrupt our business. And we have to think about how will our business be disrupted and how do we as a firm who frankly has been running money and managing money since 1928, how do we make sure that we're not disrupted, that we remain relevant? Artificial intelligence will become a bigger part. It's already present, but it will become a bigger part of portfolio management of trying to streamline operational efficiencies and will also continue to experience the big getting bigger. In the marketplace over the last several weeks, whether it's here in the United States or abroad, the consolidation that we're seeing, I believe will continue to occur. So the bigger going to get bigger, the small will have to be.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So pricing will always be front and center for the industry on a going forward basis. We have seen margins come down, but as an industry, we still enjoy very attractive profit margins. And so we're seeing pricing pressure come down, whether it's driven by zero feet ETFs or where the total expense ratio is on mutual funds vis- ⁇-vis where yields are, that pressure will continue. So we have to be relevant and competitive from a pricing standpoint. If we were to look out, and this has happened already to a certain degree and in some parts of the world, but our industry is ripe for disruption, whether it is an entrant from outside of asset management who wants to come into this industry.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Desire for an asset management firm to unwrap active management and to offer it in a manner that helps to meet the outcome and the goals of the clients, that's vastly different. And the third aspect of what is vastly different is pricing. So 25 years ago, you had front-end loads that were, let me see if I can remember this, 7.4, 8 plus percent. And you now have today 90, over 90 to 95 percent of our flows into our mutual funds comes into an NAV level. So without a front-end sales charge. So pricing has also evolved in order to be appropriate for the type of investor.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“The second aspect of change over the last 20 or 30 years is with the growth of wealth, the growth of the high net worth investor, and the focus on maximizing after-tax return. We have seen new vehicles come to market that in the past were only for the institutional account or only for the retail account. 10, 15, 20 years ago, it was less likely for large institutional investors, pension funds and the like to invest in mutual funds. And it was less likely for an individual investor to access a separately managed account. So when I said it where vehicle agnostic, it's because the investor, whether it's institutional individual, everyone has different goals and outcomes and considerations that the growth of multiple vehicles and the”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the lines between the distribution channels, what was on one side institutional and on one side retail, and never the two show me, those lines have completely blurred. There is an institutionalization and a professionalism of all investment management selection. So whether you have an individual account at a wealth management firm, that wealth management firm has a research department that is”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Any rapper, any vehicle that we can put our active management into. So we offer separate accounts, collective investment trust, mutual funds, and then the USITS, which is the sister of the mutual fund in the international markets.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“To only stay in fixed income to look for yield or to look for income. Multi asset portfolios which have grown in popularity over the last many years is a way to achieve a higher level of monthly income. Some of the multi-asset funds do pay monthly income and you can get levels that are much higher than just in a traditional short duration product or an investment grade product as well.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, from a retail perspective, there's attractive opportunity in, you know, as we've seen closed end funds launched in the marketplace, the benefit of closed-end funds, as your listeners and you probably know, is that you can apply some leverage, selective leverage 30, 35, 40 percent. So you can take a fairly low rate and with leverage achieve on the tax exempt side kind of 4%. We launched a closed and fund not too long ago over the summertime that has over a 4% target yield on a tax-exempt basis. That's very attractive, especially during the threat of increases in personal taxes that we may all experience. Securitized credit is another place. But from our perspective, investors don't have...”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Have experienced some really attractive rates of return. What we're seeing today, though, if you think about the current state of where we are, what the potential for inflation continuing and thinking about any effects of a rising rate environment, we're seeing considerable flows in the short end of the marketplace, in short duration fixed income kind of ultra short duration fixed income. And we're also seeing very selectively for clients who are looking for still attractive yields, looking at the agency market, the agency mortgage-backed security marketplace. Again, where active management can apply a selective approach.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, Barry, I wonder if we're seeing the demand and the flows in fixed income. Let's think about where we were almost a year ago today. So in March of 2020, that kind of March-April time period, we saw such a significant sell-off in the fixed income in the credit markets, securitized credit anywhere down from 20 to 30 plus percent. in the latter half of 2020 and then continuing into 2021 is a bit of a rebound and a bit of an opportunity opportunistically to kind of get exposure to some of the fell off in the marketplace where fundamentals were really quite strong with some of these technical shifts that we were seeing in the marketplace so investors on the fixed income side who were able to jump back into the market”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Hire more diverse candidates. I'm just not getting the resumes. And to us and to the industry, that's just no longer a good reason. We've got to figure out how do we get those resumes. That's kind of consistent with where the industry is. With 20% non-white, 80% white, both of those numbers need to get higher, need to improve. And these efforts that we're putting in place is one of the ways that we're looking to drive some change.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Through unconscious bias training. And this was in 217-218. Everybody has done it, everyone is doing it. What we wanted to do was to get some grassroots effort. So we created an ambassador program. We asked employees across the organization who felt passionately about helping us to become a better employer of people of color or gender or anything else for that matter to volunteer on the ambassador program. And they run monthly initiatives for the organization to raise awareness on LGBTQ, to raise awareness on disability, to raise awareness on Hispanic heritage months, and to bring in awareness. What we recognize is that externally, this outreach for a long time, the asset management industry has said, I'd love to.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So I would look back to, I joined in 214, 215, and I would say in 2017, early 2018, I worked in earnest with my executive team and my head of HR to put in place DE&I framework for the entire organization. And we wanted to take a look at what did we need to do kind of internally in order to have success with this. And this comes back to culture. One, I believe that a more diverse group is more positive culture. It's more inclusive. It's more respectful. I also know that you can't necessarily have success when something is top-down. So we needed this movement, if you will, this journey to be both top-down and bottom-up. The first thing that we did is we put all of my executive team and broader operating committees.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“We've taken the practice out of Monday to be a bit more flexible with job requirements. Instead of saying, you know, 10 years, maybe it's seven to ten years, or instead of looking for a graduate degree or a BA, just look for the skills and look for the requirements because we also want to attract from some of those urban communities and centers that may not be a natural path or financial services and asset management. So for women who are out there network, find an advocate, find a mentor, and make your career ambitions and the path that you want to pursue. Let people know about it and volunteer for projects and initiatives within the organization. Get involved across the organization and keep working at it.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“And position yourself for being truly qualified for a position. There's some other scientific work that's done that when there's a job description out there in the marketplace and it says need 10 years of experience, that if a woman has nine years and four months, she won't apply for that job. But if others, maybe a man, has seven years and nine months, he may apply for that job thinking that he's totally overqualified for it.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“This is a question I'm constantly asked, and I offer myself to any and all of the women in my company and friends and family. I'm the mother of two daughters, 28 and 25 years old. And I try to provide them with advice that frankly I was never given, but I had to learn on my own. And what I do when I would love to see more women do is really advocate for yourself. Don't allow decisions to take place around you, but to really sit down with management and communicate. What are your career aspirations? Where do you want to go? And how can I help you get there?”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, sure, there's lots of statistics to support that or to challenge that. What I would agree with you on and what I would say is that by having a diverse balance of people, and in particular now, I'm lending through the lens of a female, of a woman, I do think that the qualifications or some of the awareness that I can bring to an organization is a bit of a balance of that. We talk about the balance of the EQ and the IQ. It's really listening, it's understanding, it's a different risk profile that you can bring into, it's thinking about some of the risks and some of the factors and lending that to a conversation, we may all end up arriving at the same decision, but at least my view is that we would have considered many more factors when you have diversity. Of thought being brought to that discussion.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I would agree with that. Now, obviously, you're preaching to the choir because I've grown up in this industry for 30 years. As a woman, I have the great honor of leading this organization, but I've had many experiences, like others on the call where you walk into the room and you're the only”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Of thought, because we can get into trouble when you have groupthink and you're not challenging status quo. So I do believe that building a diversified team is a great way to harness intellectual curiosity, to challenge status quo, and frankly just to look at the world through the lens of our shareholders and our institutional clients who are super diverse.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, simply if we were to take it, Barry from, let's talk about portfolio management for a second. For anyone who has sat down with a portfolio manager or with your financial advisor looking to invest in a US equity portfolio, what you constantly hear is the benefits of diversification. That diversification spreads out your risk. So not that I'm the first to say this, but why doesn't that then matter when it comes to the people you hire and the diversification that you have on your teams? And diversification today, and I love where this whole discussion around diversity, equity, inclusion has kind of gone over the last several years. Diversification doesn't mean today solely whether I'm a man or a woman or I'm white or I'm non-white. You know, it's really diversified.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Most probably, and you know, we'd rather not be a market leader in that. And I think also as people talk about cryptocurrency, some automatically believe it's just Bitcoin or it's just this. I mean, there's multiple types of cryptocurrency. So it's not as straightforward.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, it's easy for us because we don't offer it. We don't get involved with it. We're not in the business of working with our clients on cryptocurrency. You know, the view is today that it's much too speculative for the conservative profile and platform that we put forth to institutional clients and to some of our retail clients. It's a bit at a crossroad of interesting technology innovation. Is it really money? Does it really have the same value as currencies that we know of today? So our view is, clients obviously are talking about it, but it's not something that we are offering. Today with our clients.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“The time allocating to China in particular is both tactical as well as strategic long-term importance. And we're happy to have those conversations.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Help kind of grow that business and that presence of professional money management for Chinese investors. So it is something that we have to watch from a portfolio construction perspective and portfolio management perspective. The US, most of our assets under management are US source or U.S. equities, U.S. fixed income. However, we do manage global equity portfolios. We manage global high yield portfolios that can invest in some of these markets. We tend to be more large cap, not as speculative, and we always remain cautious when we don't have a clear understanding of earnings or accounting principles and practices. So it's one of those risks that will be with us for a long period of time. For some institutional investors, because we have these conversations on”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Answer, so feel free to, you know, So, on the one hand, we know that geopolitical risk is something that we have lived with and we will continue to live with and that the strain between US and China relations is evident and the crackdowns and the controls are present. With a Monday being based in Paris being European and not necessarily having the same temperature between a US and a China relations. Investing in China and growing our business in China is of strategic importance for the organization. And a Monday was selected as I believe one of the first maybe the first foreign asset management firms to enter into a joint venture with the Bank of China and to”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, you know, the science is pretty clear, and I understand there's skepticism for some around vaccinations, but my gosh, you know, we're an investment manager, so we have healthcare analysts coming in here all the time. We have physicians giving us updates. The science is pretty clear on the safety and the efficacy of the vaccine. So what gives people comfort, and I think New York is doing a brilliant job, my daughter Eliza, Brooklyn, so I experience the same, you know, knowing that when you're going into a place and you're surrounded by people that are vaccinated, while nothing is 100%, it just allows you to feel more safe.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Again, I was only in Paris that they are much more serious. And as we know in certain states in the United States, I'm sitting here in Boston, we're one of the top three Massachusetts, one of the top three of five states in the country in the way of vaccination rate and just this morning, most recently the overall kind of infection rate has fallen again below 2%. We're on the right trajectory. It's in some of these states, as you suggest, where the hospitalizations and the access to good health care is becoming problematic again. And those states that are more aggressive in getting their population vaccinated are seeing their economies kind of work and try to get back to a bit of a normal lifestyle.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So we probably will all agree that going back to full lockdowns is not something that we would anticipate. And so learning to live with the variant and getting vaccination rates up is really critically important. And again, what I could experience when I was traveling a week or so ago, the lines for the museums and the lovely little outdoor coffee shops and just kind of walking about, everyone is walking about. But there continue to be pretty clear guidelines. You've got to show your vaccination path to get into museums or buildings or department stores. You can go certain places and do certain things. And people are all kind of masking up. So I do find that they are much more serious.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Which we started to see earlier in the year slowed down a little bit, but our view is that we are going to see a bit more of that growth to value rotation. And that happened to support more positive views from a European perspective, given the underlying economy and some of the companies. So growth to value rotation, the positivity rates. I was in Paris most recently, and I was super impressed with how the pandemic, the vaccinations, the masking, the walking about was really administered there. And I think that the economies are really quickly rebounding as well. We have to be careful evaluations. Active management and selecting those companies that Are at an appropriate valuation that can benefit from this cycle of where we are in, we're still quite positive on over the long term.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“First half of the year to kind of the second half of the year is that there was great enthusiasm about the economy's reopening in the United States and in Europe. The emerging markets a little bit further behind because the pace by which vaccinations were occurring was less behind than in the developed markets as we know. And then all of a sudden the Delta variant kind of started to pop up and the exuberance in May and June started to fall a little bit away in the months of kind of July and August and September as we've been experiencing over the last several months or so. So what we do expect on a global basis is what we are seeing is a bit of a reflation in the United States as a result of more vaccinations, kind of a wider market contribution and we have the whole growth to value rotation.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, on a global perspective, let's kind of stay at a top line level for a moment. The pandemic and the environment that we've been in over the last 18 to 20 months or so has been a positive for active management. So in the United States, we're all about active management. That's what we do. And prior to the pandemic, you saw five or six companies in particular from a US perspective that was really driving the returns of the S&P 500 and making it so difficult for active managers to really compete and outperform. And what the pandemic has introduced over the last many”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Interested in a conversation or a different perspective being based in Paris, you've got the Paris Accord, you have climate change, you have all of that, it's a unique lens. So you're right, there's so much talk about it. There are some pretty considerable flows on a global basis. So of our 1.7 trillion euros that you mentioned, 800 billion euros is in kind of ESG type allocation. Really? Almost half. That's amazing. It's considerable. It is.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“I would say welcoming further regulation and clarity for both companies and asset management firms around these definitions of terms because there's still some great confusion that does exist. And we know that the change of administration with the Biden administration, that administration is much more friendly towards ESG investing or climate change and some regulation that's coming out from a European perspective. And this is where being based in Paris, France is of great interest to our clients in the United States because Europe has been forward-thinking, forward-looking, and well ahead of other regions when it comes to ESG investing. And when our institutional clients or retail clients in the US are”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Is very good risk management. Now you come to the point about kind of millennials, kind of our kids' generations. And we do find, and the science and the statistics support that, that certain generations are very interested in doing well for the planet, investing with them purpose, investing with intentionality. And what we're experiencing, and in fact at a Monday, we're considering this ourselves, is in launching particular investment solutions that are impact-oriented. So up front, if someone is interested in net zero or decarbonizing a footprint or investing for clean water, that those investment objectives are clear and stated right up front so that there's no confusion. We're all eagerly anticipating.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“From outside of the United States that investing for the long term and investing your money so over the long term, you grow your wealth for retirement or saving for college, for many, that is a primary concern. And that will always drive some capital flows. Increasingly, what we're finding, even from a fundamental investment perspective, that as you consider investing in a particular company, whether it's on the equity or the debt side, as you consider all risks that can be involved, cash flow risk, change of company management, investment in R&D for certain sectors, many of the risks that we have always considered and increasingly are considering are some of those ESNG risks, an environmental disaster or governance issue. Integrating those considerations into an investment process”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source
“Certain endowments or charitable organizations were prevalent. And many, not all, many had disappointing experiences from an investment return perspective. And they did so because some were completely eliminating all sectors, are all certain financial institutions. And so that lack of exposure or that exclusionary approach created certain disappointing returns. So I immediately thought of that environment that I grew up in. And the big question started to say, can I have good investment performance while also pursuing a path on ESG investing? And many of those conversations, while they still exist, I do believe that what we have seen over the last few years, in particular from a US, and I can comment.”
2021-10-29 · Masters in Business · Lisa Jones on Investing With a Purpose (Podcast) · IDENTIFIED FROM THE TRANSCRIPT · source