About the Author

Clement K. Miller

Administrative Vice President and Portfolio Manager

As part of Wilmington Trust Investment Advisors, the investment advisory arm of Wilmington Trust and M&T Bank, Clement is the Portfolio Manager for the Wilmington Multi-Manager International Fund. He is also the primary analyst for the selection of third-party investment managers for international equities and fixed income, including emerging markets, and is a voting member of the Investment Committee.

Prior to joining Wilmington Trust Investment Advisors, Clement served in M&T Bank’s international trade finance group, serving as team leader for export finance. Earlier in his career he held several positions at the Export-Import Bank of the United States in Washington, D.C. The Export-Import Bank provides loans and financial guarantees to support U.S. exports to borrowers, primarily located in emerging markets. He served as manager of the workouts division, loan officer, and country risk analyst. Clement served for two years as a member of a U.S. delegation to international trade negotiations. He was a member of the Credit Committee, which reviewed all transactions over $10 million. Prior to joining the Export-Import Bank, he was an international economist with Wharton Econometrics (later incorporated into IHS Insight).

Clement holds a master’s degree from George Washington University in Finance and International Business and a bachelor’s degree in International Economics from Georgetown University’s School of Foreign Service. He received his Chartered Financial AnalystTM (CFA) designation in 2001.

He has served two terms as President of the Baltimore CFA Society and is currently its treasurer.

By the Author

International Stocks: The Rewards of Quality Earnings Growth

Clement K. Miller |
Wilmington Wire
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June 28, 2019—If you’ve been invested in international developed country stocks over the last ten years, you would have done much better investing in the international consumer staples, health care, and information technology sectors, rather than in financials or energy  (see Figure 1). Why has this been the case?Figure : International developed stocks (MSCI EAFE) by sector10-year annualized returns Data as of May 31, 2019The MSCI EAFE Index returned 6.


European Parliament Elections—Who will Likely Prevail?

Clement K. Miller |
Wilmington Wire
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May 21, 2019 – On May 23-26, elections will be held across the 28-nation European Union (EU) for the 751-seat European Parliament (EP).  Campaigning has been vigorous in recent weeks, particularly by right-wing Eurosceptic nationalist candidates. Nevertheless, we expect pro-EU centrist candidates to prevail and that the outcome will be favorable for Europe’s long-term investment climate.