Will New Greek Drama Threaten European Periphery?

Darren Williams

Darren Williams (pictured) and Dennis Shen

Markets are reacting badly to Greek plans to exit its bailout program early. Uncertainties are being heightened by the prospect of early general elections. The end-result has been a sharp sell-off in Greek sovereign bonds, which has raised fresh concerns about the potential for spillover from Greek risks to other peripheral markets. 

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Five Ways to Keep Out of the Bond Liquidity Trap

Douglas J. Peebles

Bond investors are used to managing interest-rate risk and credit risk. But the financial crisis should have taught us that there are times when liquidity risk can be just as important to manage. Now is one of those times.

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Investing for Tax-Efficient Portfolio Income

Tara Thompson Popernik

Tara Thompson Popernik (pictured) and Robert Dietz

With tax-exempt income from US municipal bond portfolios still near historic lows, investors spending from their portfolios can no longer get the income they need by simply increasing their allocation to high-quality, intermediate-duration bonds. As a result, many investors today are chasing yield into dangerous territory.

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High Yield’s September Sell-Off Doesn’t Change the Story

Ivan Rudolph-Shabinsky

By Ivan Rudolph-Shabinsky (pictured) and Gershon Distenfeld of AllianceBernstein (NYSE: AB)

The recent sell-off in high-yield bonds has many investors wondering whether this is another big buying opportunity—like prior sell-offs have been—or the start of something more ominous. 

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The Liquidity Illusion: Pension Funds Should Rethink Fixed Income

Matthew D. Bass

Pension fund managers, like many investors, have historically paid a premium for liquidity. Lately they’ve started to realize that liquidity can be an illusion—but it can also be an opportunity.

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Are Asia ex Japan Equities Primed for a Comeback?

Stuart Rae

Stuart Rae (pictured) and Rajeev Eyunni

As developed-market equities continue to scale multiyear highs, their emerging-market counterparts—most notably Asian ex Japan stocks—have been more hesitant. Is it time for investors to take a closer look at the region?

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Avoiding Short-Term Gains

Tara Thompson Popernik

Want to reduce tax on your investment income? Avoid sales of appreciated stocks held less than a year. Here’s how it might have helped some disappointed Facebook shareholders earlier this year.

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Asian Tastes Add Spice to Consumer Industry Returns

Liliana Castillo Dearth

Asian consumers are proud of their distinct tastes and traditions. That puts homegrown restaurant franchises and consumer companies with a deep knowledge of local appetites at the top of the food chain. In our view, they stand a good chance of staying there, even as competition from global franchises and brands picks up.

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Could Bad News Mean Good News for European Equities?

Michele Patri

Much of the recent economic data from the euro zone has been decidedly downbeat, with growth trends weak and signs of deflation emerging. The good news is that Europe’s policymakers are responding vigorously. We may now be in a “bad news is good news” scenario for European equities.

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Fed Rate Policy: Crafting a Game Plan

Vadim Zlotnikov

Capital markets could get a jolt if the US Federal Reserve raises interest rates faster and farther than expected. But we don’t think there would be a major sell-off in risk assets, and there are several ways for investors to play the possibilities.

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