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Catalan Independence Conflict—Limited Investment Implications

Clement K. Miller |
Wilmington Wire

October 9, 2017— On October 1, the pro-independence government of Catalonia in Spain (Europe’s fourth-largest equity market) held an independence referendum: Ever since Spain became a democratic Kingdom in 1975, Catalonia, the nation’s wealthiest region, has agitated for increasing autonomy  Catalans speak their own language, distinct from Spanish  ‎ The quest of many Catalans for


Capital Perspectives October 2017

Tony Roth |
Investment Management

In the October issue of our monthly flagship publication, we feature:  On the Record by Chief Investment Officer Tony Roth, Bent but not broken: resilience and recovery after the storms. In Focus provides a high-level overview of bitcoins—what digital currency is, why it was created, and how it works. Investment positioning, major themes, asset class updates.  In the


A Stormy Jobs Report

Luke Tilley |
Wilmington Wire

October 6, 2017— The employment report for September reflected continued underlying strength in the U.S. labor market, but also a significant impact from the multiple hurricanes that month. On balance, we are encouraged by the continued strength, and especially by the return of stronger wage growth that is supportive of our positioning. Next month, we