The Four D World: Depopulation, Declining Productivity, Debt and De-globalization
In partnership with Morgan Stanley
In this lunch session, we will talk about investing in a world slowed by the four D’s - depopulation, declining productivity, debt and de-globalization. The current expansion is on course to be the longest ever but also the weakest ever as a sharp drop in the world’s working-age population growth, the decline in global productivity, the big debt overhang and declining flows of goods, money and people are slowing growth everywhere. Yet the Four D world has opportunities, if you know where to look.
The hot story of one decade rarely survives into the next, and the last decade was an American decade. It was a lost decade for emerging markets. Jitania will lay out the case for an emerging market comeback in the next decade, and which countries around the world are in the best position to capitalize on this shift. A hint: look to those nations least vulnerable to the downdrafts of depopulation, declining productivity, debt and de-globalization.
Jitania Kandhari, Head of Macroeconomic Research, Morgan Stanley
Ms. Kandhari is also a portfolio manager on the Global Emerging Markets Equity team, focusing on global analytics, country and thematic research. She joined Morgan Stanley in 2006 and has 20 years of investment experience. Prior to joining the firm, Jitania was an emerging markets consultant at GMO. Previously, she was an associate vice president in private banking at ABN Amro, an associate vice president in securities broking and investment banking at Kotak Securities and a manager at First Global Securities. Jitania received a B.Com. in advanced financial and management accounting and an M.M.S in finance, both from the University of Bombay.
Registration is limited to 30 participants and recommended particularly for members affiliated with RIA's, family office sectors and banks. Registration closes on November 10, 2019!
This event qualifies for 1.5 hours of continuing education credit for CFA charterholders.
** CFA Society San Francisco is not affiliated with Morgan Stanley. **