Midyear Outlook 2017: Where’s the Volatility?

Panel discussion featuring multi-asset, sustainable investing, and muni market experts from Natixis Global Asset Management.

Esty Roditi - Investment Specialist, NGAM International

Dawn Mangerson - Director, Municipal Portfolio Management Team, McDonnell Investment Management
Maura Murphy, CFA - Multi-Asset Income Portfolio Manager, Loomis, Sayles & Co.
Anne-Laurence Roucher - Deputy CEO and Head of Development, Mirova

Despite all the geopolitical news this year, the capital markets have remained surprisingly calm. Equities have notched new highs, but volatility remains near historic lows, and Treasury yields have fallen. Our panelists offer their perspectives, as well as some thoughts on what may lie ahead:

  • “Pleasant surprise” for fixed-income investors
  • Inflation in a sweet spot?
  • European equities regain their allure
  • Insights on infrastructure spending
  • Trends and opportunities

Published in July 2017

McDonnell Investment


McDonnell Investment Management, LLC ("McDonnell") is a registered investment adviser providing customised investment management services for institutions, private clients, and mutual fund companies. As of March 31, 2017, the firm manages approximately $11.5 billion in assets and maintains a wide-ranging client base that includes institutions and individuals that are geographically diversified across the U.S. McDonnell specialises in fixed income investment management, offering primarily investment grade taxable and tax-exempt strategies using separate accounts via direct client advisory relationships or through participation on Separately Managed Account (“SMA”) platforms. Clients select from investment mandates that encompass core, limited maturity/duration, multi-sector and customised benchmark blends. The firm also maintains two municipal bond sub-advisory relationships.



Mirova is an asset management company, wholly owned by Natixis AM, that brings to bear almost 30 years of experience in Socially Responsible Investing (SRI).* Mirova offers a conviction-driven investment approach in order to combine value creation over the long term with sustainable development. The firm provides a full array of offerings: listed equities, fixed-income, infrastructure funds and impact investing, as well as engagement and voting consulting services

Loomis Sayles


Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions. Using foresight and flexibility, Loomis Sayles looks far and wide for value – across traditional asset classes and alternative investments – to pursue attractive, sustainable returns for clients.

Natixis Global Asset Management S.A.
RCS Paris 453 952 681
Share Capital: €156 344 050
21 quai d’Austerlitz, 75013 Paris

This video is for informational purposes only and should not be construed as investment advice. Any economic projections or forecasts contained herein reflect subjective judgments and assumptions, and unexpected events may occur. There can be no assurance that developments will transpire as forecasted. Actual results may vary. The views and opinions expressed are as of June 8, 2017, and may change based on market and other conditions.

CFA® and Chartered Financial Analyst® are registered trademarks owned by the CFA Institute

Copyright © 2017 Natixis Investment Managers S.A. – All rights reserved


The Blockchain is on the verge of revolutionising asset management

What is natural capital?

VIDEO (3’19) – Gautier Quéru, Director of the Land Degradation Neutrality Fund Project at Mirova

Aviation Letter

Annual outlook of aircraft industry

2018 Market Outlook

Natixis Investment Managers’ affiliates share their thoughts on what might be on the horizon for investors in 2018.

Indices in Hot Water

The carbon footprint of the major equity indices exceeds the +2°C objective of the Paris Climate Agreement (COP 21).

US Municipal Bonds

Non-US investors could benefit from allocating to US municipal bonds

Finance and climate change

French institutional investors are bound by the Energy transition law to take action.

Aviation Letter

Annual outlook of aircraft industry

French Election

What does the outcome mean for global financial markets?

It’s Time for Real Assets

Private debt can be a lower-risk, higher-yielding alternative to traditional bonds

Real Estate Debt

An alternative to conventional fixed income investments

Green Bond Principles

Mirova discusses market standards and the lack of a regulatory body for Green Bonds

Real Estate Alchemy

Transforming non-core assets into prime property requires skill and resources

Referendum in Italy

Our expert’s insights into the 4th December's Italian referendum and its impact on financial markets.

U.S. Election

Americans elected their 45th U.S. President on November 8. What does the outcome mean for global financial markets?

Crisis Alpha

Managed futures may provide shelter from storms and diversified returns in calm markets

Credit Migration

Worse than you think, not as bad as you fear

Active Share

How passive is your active manager?

Hop Aboard the U.S Growth Engine

Mid-market private companies have the potential to expand rapidly while avoiding high exposure to volatile public markets

2016 Global Retirement Index

4 key trends shaping the future of retirement security: access, incentives, engagement and economics.

Insurance Survey:

companies grapple with new regulatory constraints, capital rules and increased risks

Diversified Growth Funds

Seeking to respond to rapid shifts in markets while reducing risk.

Institutional Investors Outlook:

Institutional investors bullish on stocks, alternatives in 2016, wary of global political tensions

Worldwide Currency War, Who Wins?

Implications of China’s surprise yuan devaluation, a strong U.S. dollar and weak emerging market currencies.