The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Reynolds is a Bull Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 05, 2011

Reynolds is a Bull

Reported by Hung Tran

So what makes Bob Reynolds smile these days? According to Putnam's CEO, when the year 2020 rolls around, we won't be obsessed with Greek debt, Euro-zone bank or U.S. housing prices.

Reynolds, speaking in front of crowd of fundsters at the MutualFundWire 2011 Influencers' Summit: See 2020 at the Mandarin Hotel in Boston today, said come New Year’s Day, 2020, the industry will be facing new challenges and opportunities, "many of which we can’t even imagine." He is bullish on the capital markets declaring that they're here to stay –- as a core element in the global financial systems -- alongside traditional banking.

"Capital markets’ influence is likely to grow over the decade to 2020 –- and push governments everywhere in the direction of fiscal restraint and accountability," he said.

Reynolds is also optimistic about demographics in the U.S., which he says are in much better shape than most of its major trading partners.

"We have higher birthrates than Europe, Japan, Russia and China…and we allow more legal immigration than the rest of the developed world combined."

Also, Reynolds, a champion of absolute return products, says he is convinced that "there will be a huge appetite for 'total' or 'absolute-return' strategies that offer at least the possibility of delivering economically meaningful, positive returns – whatever markets do." He also sees an explosion of offerings in the lifetime income arena.

Lastly, Reynolds says that for the rest of this decade, he expects the majority nations of the world, to be forced –- like it or not –- to engage in what he dubs a “race to solvency” -– curbing deficits, restoring fiscal and trade balances and finding ways to re-boot their economic growth.

"And among the major competitors, the U.S.A. is quite well positioned to 'win,'" he offers. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use