PM Spotlight: Focusing on Risk to Find Reward
As an accountant and auditor, Bryant VanCronkhite looked for hidden risk around every corner. Today, that risk mindset is the foundation for his team’s approach to adding value to equity strategies.
Key takeaways
- Bryant VanCronkhite is senior portfolio manager on Allspring’s Special Global Equity team.
- His nontraditional background brings a unique perspective to the team’s portfolio construction process.
- Key to this process is using a company’s balance sheet to quantify the potential future value creation over a multiyear holding period.
Related insights
Investors face uncertainty around U.S. presidential elections, driving market volatility. How might companies be affected? Have elections affected equity returns long term? Allspring’s Ann Miletti provides perspective.
We discuss two risks investors face: 1) the increased risk in strategies mirroring the S&P 500 as just a few holdings drive its results, and 2) the huge wall of corporate debt maturing in 2025–2029 that will need renewal at much higher rates.
The Special Global Equity team identifies three current market conditions, including U.S. large cap concentration, high but falling inflation, and attractive small-cap stock valuations, and explores why they may signal a comeback for global small-cap stocks.