January 15, 2019 How to Keep Your Balance in Shaky Bond Markets by Matthew Sheridan Bond strategies that balance interest-rate and credit risk struggled in 2018. Is this time-tested approach past its prime? Hardly. We think investors will need to blend exposure to both to generate income and limit risk in 2019. Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 It’s Different This Time: Risk Is Up and Here to Stay by Daniel J. Loewy, Caglasu Altunkopru, Martin Atkin Investors are likely to remember 2018 as the end of the era of easy money, low volatility and steady margin expansion. Investing will be more challenging in 2019—and diversification will be more important than ever. Asset Allocation, Multi-Asset, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 US Equities: Could 2018 Pain Become 2019 Gain? by James T. Tierney, Jr., Frank Caruso, Kurt Feuerman With US stocks facing multiple risks, it’s easy to lose sight of the positive trends that could help the market recover. In 2019, investors should search for select stocks with the right attributes to produce positive surprises in a potentially tricky market environment. Equities, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 14, 2019 2019 Elections in Scope: Nigeria & South Africa by Adriaan Du Toit The two biggest economies in Africa—Nigeria and South Africa—both have presidential elections in 2019. The results will set the stage for the next phase of these economies as well as investor interest in them. These elections could also have implications for the economic future throughout the continent. Economics, Emerging Markets, Equities, Fixed Income Likes 0 SHARE Bookmarks
January 10, 2019 Steering Equity Portfolios Through Stormy Style Seas by David Dalgas, Klaus Ingemann, Thomas Christensen As volatility returned to global markets in 2018, return patterns for equity styles were very unstable. With more signs of turbulence ahead, investors should prepare to reduce the impact of short-term factor swings on portfolio performance. Equities, Volatility Likes 0 SHARE Bookmarks
January 09, 2019 Fixed-Income Outlook: Three Themes We’re Watching in 2019 by Douglas J. Peebles The past year was a rough ride for bond investors. Will 2019 deliver more of the same? Economics, Fixed Income, Rising Rates, Volatility Likes 0 SHARE Bookmarks
January 08, 2019 Keep Your (High) Income On Track In 2019 2019 may be a challenging year for high-income investors. That makes it more important than ever to embrace a global approach and to focus on quality. Oh, and don’t fret too much about rising rates. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
January 08, 2019 China: Current Questions, Long-Term Opportunities by Sharon Fay Yes, investor concerns are swirling around China’s economy and the gradual opening of its domestic equity market, but the long-term picture presents significant opportunities for active investors. Emerging Markets, Equities Likes 0 SHARE Bookmarks
January 08, 2019 DC Plan Participants Voice Their Interest in Responsible Investing by Jennifer DeLong In our new survey, DC plan participants voice their interest in aligning their retirement investments with their ethics. But the Department of Labor has apparently put up some roadblocks that cause DC plan sponsors to hesitate. Multi-Asset, Responsible Investing/ESG, Target-Date Solutions Likes 0 SHARE Bookmarks
January 03, 2019 Don’t Rely on Cheap Oil to Power Equity Markets by Sharat Kotikalpudi It’s taken for granted in financial circles that lower oil prices are a boon for stocks, as they fuel an economy-boosting cycle in which money saved at the pump ultimately flows to the market. But oil prices that are too low could be too much of a good thing. Multi-Asset, Volatility Likes 0 SHARE Bookmarks
January 02, 2019 Wary of Emerging-Market Debt in 2019? You Shouldn’t Be. by Shamaila Khan, Christian DiClementi There’s no sugarcoating it: 2018 was hard on emerging markets. But as Nietzsche (and Kelly Clarkson) said, what doesn’t kill you can make you stronger. And as 2019 begins, we see many pockets of strength—and opportunity. Emerging Markets, Fixed Income Likes 0 SHARE Bookmarks
January 02, 2019 Global Equities: 2018 Review, 2019 Outlook by Sharon Fay One big lesson for investors from 2018 is that you can’t really anticipate every political or economic risk that comes up and try to insulate your portfolio from all of it. As we enter 2019, there are reasons to be defensive, but also spread your exposure to some undervalued opportunities. Asset Allocation, Equities, Volatility Likes 0 SHARE Bookmarks
December 20, 2018 Fewer Fed Rate Hikes in Store—But Not Because the Economy’s Faltering by Eric Winograd As expected, the Fed hiked interest rates yesterday, but we now think there will be fewer hikes in 2019 than we previously called for. Not because the US economy is in trouble, but because the Fed is changing its approach to setting policy. Economics, Policy & Regulation, Rising Rates Likes 0 SHARE Bookmarks
December 17, 2018 Is the US Housing Market Headed for a Correction? by Michael S. Canter, Janaki Rao, Monika Carlson The median price of a US single-family home has risen just over 40% since the last housing-market crash. While newspaper headlines may put readers on edge, our analysis indicates a gradual slowdown, not a bursting bubble—in most regions. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
December 17, 2018 Will Fallen Angels Disrupt US Credit Markets? by Matthew Minnetian, Susan Hutman, Gershon Distenfeld The media and some market observers are bracing for a blizzard of BBB-rated bonds to get downgraded to junk as the credit cycle turns. We expect it will be closer to a flurry. Fixed Income, Rising Rates Likes 0 SHARE Bookmarks
December 14, 2018 Faster, Smarter, More Efficient: Bond Investing Goes Digital Bond investing is going digital. Find out how fixed-income managers who are integrating technology into their processes will be able to move from great ideas to executed trades faster and with better results than those who stick with the analog status quo. Fixed Income Likes 0 SHARE Bookmarks