September 11, 2019 Income Investing When (Trade) Tensions Run High by Monika Carlson Trade tensions—and the volatility they bring—are forcing investors to think about new ways to generate low-volatility income. A mortgage income strategy that balances high-quality securities with historically high-returning ones can help Fixed Income, Later in the Cycle, Trade Wars, Volatility Likes 0 SHARE Bookmarks
September 04, 2019 Three Ways to Manage Fixed-Income Liquidity Risk by Markus Peters, Flavio Carpenzano Liquidity risk grabbed headlines this summer on the heels of several high-profile fund implosions. The hunt is now on to find ways to manage market liquidity risk and to protect portfolios against liquidity crunches. We’ve pinpointed three essential practices. Fixed Income, Volatility Likes 0 SHARE Bookmarks
September 03, 2019 Why EM Corporate Debt Deserves a Place in Your Portfolio by Shamaila Khan, Elizabeth Bakarich Investors recognize that emerging markets are at the core of the global economy and belong in a fixed-income allocation. Still, many investors are underexposed to emerging-market corporate bonds. We think that’s a mistake. Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
August 29, 2019 Investors Can Hold US Companies Accountable to Roundtable Pledges by Dan Roarty, Shawn Keegan Leading US CEOs recently pledged to redefine the role of the corporation in society. But will they make good on their promises? Responsible investors need a clear way to evaluate whether a company is really making progress by doing good for both society and investors. Equities, Fixed Income, Responsible Investing/ESG Likes 0 SHARE Bookmarks
August 21, 2019 Are Distressed Small Banks Putting China’s Banking System at Risk? by Hua Cheng It’s been 20 years since a Chinese bank failed. But recent bailouts of three regional lenders have raised concerns about systemic problems in China’s financial sector. While risks have grown for China’s smaller banks, we believe that the Chinese banking system remains robust. Economics, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
August 14, 2019 Why Today’s Inverted Yield Curve Isn’t Necessarily a Recession Warning by Erin Bigley, Chris Marx The most closely watched part of the US yield curve inverted this week for this first time since 2007, suggesting that a recession may be around the corner. We’re not convinced that’s true. Active & Passive , Equities, Fixed Income, Trade Wars, Volatility Likes 1 SHARE Bookmarks
July 31, 2019 Midyear Municipal Outlook: Stay Flexible Late in the Cycle by Daryl Clements Municipal bonds have had a good run since the beginning of the year, but there’s still room for additional positive performance in 2019. That’s particularly true for investors who choose active strategies with the flexibility to move money around the bond market as conditions evolve. Fixed Income, Later in the Cycle, Municipals Likes 0 SHARE Bookmarks
July 30, 2019 Midyear Bond Outlook: Making Sense of Conflicting Signals by Douglas J. Peebles The first half of 2019 was kind to financial markets. Will the good times keep on rolling? In our view, that will depend on whether loosening monetary policy is still an effective way to boost growth. Fixed Income, Later in the Cycle, Trade Wars Likes 0 SHARE Bookmarks
July 02, 2019 Want to Reduce Downside Risk? A Barbell Strategy May Help Investors typically try to limit their downside risk in the late stages of the credit cycle. We think a credit barbell strategy can help. Fixed Income, Later in the Cycle Likes 0 SHARE Bookmarks
July 01, 2019 India: The New China for Global Growth? by Mo Ji, Shamaila Khan If demographics is destiny, then India may well be the next China in terms of economic growth. Yes, the two countries have significant differences, but they also have some interesting parallels. What’s holding India back, and what will help most to unlock its future growth potential? Economics, Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
July 01, 2019 European Automakers – Trade War Woes Add Pressure on Bonds by Robert Schwartz, Jørgen Kjærsgaard Trade war fears have dominated the headlines recently, but European automakers already face other serious headwinds. We believe bond investors should tread warily in this sector. Fixed Income, Trade Wars Likes 0 SHARE Bookmarks
June 27, 2019 Postcard from… West Africa by Adriaan du Toit When I landed in the brand-new airport in Nigeria’s capital of Abuja I was taken by the modern and cavernous nature of its terminal, a reflection of the country’s future ambitions. One of Africa’s best airports, in Accra, Ghana, also boasts a new terminal. Meanwhile, foreign travelers can apply online for an e-visa before they fly to Ivory Coast, pick it up at the airport when they land and emerge into the bustling streets of Abidjan quickly and efficiently. Fixed Income Likes 0 SHARE Bookmarks
June 26, 2019 Why a Barbell Income Strategy May Help Late in the Cycle Earning income without taking excessive risk is a balancing act—and it can be hard to pull off in the late stages of a credit cycle. A credit barbell strategy can help investors stay on their feet. Fixed Income, Later in the Cycle Likes 0 SHARE Bookmarks