Global Focus: Market & Economic Outlook

Discovering Risks and Opportunities Related to International Markets and Economies

Wells Fargo Advisors' international strategy team travels the world seeking insight into the global economic and market environment and to determine whether certain regions of the world may offer opportunities for investors.

May 2014  Asia-Pacific: The Ups and Downs of Living in China’s Shadow
China’s extraordinary growth has benefited Singapore, Australia, and New Zealand. What may be ahead for these nearby economies as the Chinese government shifts gears?

Download the Report (PDF)

October 2013  
Find out what our international strategy team learned about Europe's investment opportunities while in Germany, Sweden, Poland, and Turkey.

Download the Report (PDF) | Watch the Video

The opinions expressed reflect the judgment of the speaker as of the recording date and are subject to change without notice. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results. Additional information is available upon request.

You should be aware that investments can fluctuate in price, value and/or income, and you may get back less than you invested. We recommend that existing shareholders consider their objectives, their risk tolerance, and the size of their positions relative to their portfolios when evaluating their holdings.

Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes. This may result in greater share price volatility. These risks are heightened in emerging markets.

Investments in fixed-income securities are subject to credit and interest rate risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can result in the decline in the bond’s price. Credit risk is the risk that an issuer will default on payments of interest and principal. This risk is higher when investing in high yield bonds, also known as junk bonds, which have lower ratings and are subject to greater volatility. All fixed income investments may be worth less than their original cost upon redemption or maturity.

Exposure to the commodities markets may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. The prices of various commodities may fluctuate based on numerous factors including changes in supply and demand relationships, weather and acts of natured, agricultural conditions, international trade conditions, fiscal monetary and exchange control programs, domestic and foreign political and economic events and policies, and changes in interest rates or sectors affecting a particular industry or commodity. Products that invest in commodities may employ more complex strategies which may expose investors to additional risks.

Investing in physical commodities, such a gold, exposes a portfolio to other risk considerations such as potentially severe price fluctuations over short periods of time and storage costs that exceed the custodial and/or brokerage costs associated with the portfolio’s other holdings. Products that concentrate their investments in the gold industry increase their vulnerability to international, economic, monetary and political developments.

Investments in currencies involve certain risks, including credit risk, interest rate fluctuations, fluctuations in currency exchange rates, derivative investment risk and the effect of political and economic conditions.

Investment that are concentrated in a specific sector, industry, country, or commodity increases its vulnerability to any economic, political, currency or regulatory development, which may result in greater price volatility.

Diversification does not guarantee a profit or protect against loss.

About Paul Christopher

Paul Christopher Paul Christopher is chief international strategist in the Wells Fargo Advisors Advisory Services Group. He focuses on the international economic outlook and offers investment advice on currencies and commodities.

Before joining Wells Fargo Advisors, Mr. Christopher developed economic strategies to trade in global financial and commodity futures markets for Eclipse Capital Management. In previous positions, he supplied international economic perspectives for A.G. Edwards and advised institutional clients of Istanbul-based Global Securities on the oil-based economies of the Caucasus and Central Asia. In addition, he consulted with the governments of Hong Kong, Egypt, Russia, Kazakhstan, and the Kyrgyz Republic on monetary policy issues.

Mr. Christopher has been frequently quoted in national media outlets such as The Wall Street Journal, The New York Times, Forbes, Time, Investor's Business Daily, USA Today, Bloomberg News, ABC News, NBC News, CNBC, and CNNfn.

Mr. Christopher is a Chartered Financial Analyst charterholder. He received his B.A. in Economics and Spanish from Saint Louis University and his M.A. in Economics from the University of Rochester.