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

Italian Elections – An Inconclusive Outcome Would be Inconsequential for European Equities

Clement K. Miller |
Wilmington Wire

February 26, 2018 – Ever since the surprise Brexit referendum in June 2016, global investors have been closely watching European elections for signs that political instability might impact regional economic progress or equity markets. On March 4, it is Italy’s turn for general elections. Italian voters go to the polls to elect a new Chamber of Deputies (lower house of parliament) and Senate (upper house).


Global Equities Pullback, Very Low Dispersion across Global Markets

Clement K. Miller |
Wilmington Wire

February 8, 2018— Since January 30, we have seen sharp movements in both domestic and international equity markets. The most significant drop thus far came on Monday, Feb. 5, when the S&P 500 declined by 4.1%, and international markets fell as well.   Global markets remained volatile on February 6 and 7. A notable feature of the early February 2018 equities pullback is the low dispersion of negative equity returns across global markets.