Catching the Wave: Why Secular Growth Matters
Daily Prices as of 6/14/19
|Emerging Opportunity Fund||$12.93|
|Strategic Income Fund||$11.15|
|Total Return Fund||$10.08|
|Strategic Investment Fund||$14.57|
Outlooks & Commentary
Treasuries gained sharply in the first quarter, and the middle of the curve is now solidly inverted. Nonetheless, we do not feel this is a harbinger of recession, and we expect the support from global central banks and a reemergence of growth will be supportive for credit in the short-intermediate term.
The first quarter saw a healthy snap-back rally, aided by a dovish pivot from the Fed, but slower growth looks likely going forward. Despite some green shoots, we are monitoring a few economic headwinds that may impact the pace of expansion.
In early November 2018 we published a blog post claiming that the time was right to invest in growth. In this piece, we revisit our analysis and draw the same conclusion.Learn More
Conventional wisdom dictates that recessions occur every time the yield curve inverts, but in our view that is an oversimplification.Learn More
After a tumultuous end to 2018, the stock market rebounded nicely in the first quarter. Going forward, we expect the economy to continue its slow growth trajectory, and we won’t be surprised by increased volatility as we expect investors to vacillate in their collective assessment of both the economic and political landscape.
News & Updates
Read Litman Gregory’s annual review of the Osterweis Strategic Income Fund.
If you were unable to join our quarterly webinar, watch the replay to hear updates on the Osterweis Fund and Osterweis Strategic Investment Fund.
Bond Fund Intelligence recently interviewed Eddy Vataru to discuss his Total Return strategy, which uses a flexible combination of security selection, sector rotation, and duration hedging to generate returns.
If you were unable to join our webinar about Managing for Absolute Returns in an Uncertain Environment, hosted in partnership with AdvisorPerspectives, you can watch the replay here.
If you were unable to join our quarterly teleconference, listen to the replay to hear updates on the Osterweis Strategic Income Fund.
Barron’s interviewed Jim Callinan to get his thoughts on the small-cap growth segment and some of his favorite stocks.
Eddy Vataru, lead Portfolio Manager for the Total Return Fund, was recently interviewed by Advisor Perspectives.
Carl Kaufman Discusses How the Osterweis Strategic Income Fund has continued to thrive in today’s challenging fixed income market.
An Introduction to OCM
In 1983, John Osterweis founded Osterweis Capital Management to manage assets for individuals, families, endowments and institutions. Now entering our fourth decade, we are an integrated firm with over fifty employees, managing $7.0 billion in assets.
Our clients, many of them with us for decades, know we’ve gotten here through an unwavering commitment to one purpose : To protect and grow our clients’ capital for the enduring security of multiple generations.
Criteria for Recommended Funds: Recommended funds are evaluated by Litman Gregory based on a combination of qualitative and quantitative measures, including absolute and relative long-term performance metrics when compared to an appropriate benchmark and peer group, manager skill, investment process and the discipline by which the process is applied, quality and tenure of research team, shareholder orientation, assets under management, and fund expenses. Recommended reflects Litman Gregory’s confidence in a fund’s potential to outperform a relevant benchmark over the long term.
The Osterweis Funds and other products and services described on this website are intended to be made available to U.S. investors only. Shares of the Funds are currently offered only in the United States and are not available for sale in any jurisdiction other than the United States. The information on this website is neither an offer to sell nor a solicitation of an offer to buy a mutual fund, security or service in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful. Please read these Terms and Conditions.
The Osterweis Funds are available by prospectus only. The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important information about the Funds. You may obtain a summary or statutory prospectus by calling toll free at (866) 236-0050, or by visiting www.osterweis.com/statpro. Please read the prospectus carefully before investing to ensure the Fund is appropriate for your goals and risk tolerance.
Mutual fund investing involves risk. Principal loss is possible.
Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.