October 14, 2019 Why It’s Time for a Barbell Strategy by Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they’re taking too much risk to generate income. There’s a strategy that can help—and we think now is the time to use it. Fixed Income, Later in the Cycle Likes 0 SHARE Bookmarks
October 07, 2019 Will Municipal Bonds Continue to Deliver? An Investor Q&A by Daryl Clements Despite the municipal market’s strong year-to-date rally, an aging US expansion and low yields continue to top municipal investors’ concerns as we enter the home stretch of 2019. When conditions are evolving and visibility is limited, active and flexible strategies can help balance risk and reward. Active & Passive , Fixed Income, Later in the Cycle, Municipals Likes 0 SHARE Bookmarks
October 07, 2019 Global Equities: Keeping Balance in a Wobbly World by Sharon Fay, Christopher Hogbin Global stocks advanced in the third quarter, but investor sentiment wobbled amid puzzling signals on macroeconomic growth and monetary policy. Political uncertainty and a cloudier outlook point to more volatility, which should compel investors to intensify their focus on stock fundamentals. Equities, Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
October 03, 2019 Finding a Flexible, Plan Sponsor-Friendly Secure Income Solution by Jennifer DeLong, Andrew Stumacher When plan sponsors consider a lifetime income solution as their DC plan’s default investment, they frequently cite two must-have ingredients: flexibility in adjusting to individual participant circumstances, and simplicity in implementation. Target-Date Solutions Likes 0 SHARE Bookmarks
October 02, 2019 US DC Plan Participants Want Certainty and Control by Andrew Stumacher, Jennifer DeLong For any lifetime income solution to be effective within a DC plan, it will have to satisfy two major participant concerns: certainty of that retirement income and control over those hard-earned plan assets. Not all lifetime income solutions are able to provide those must-have ingredients. Target-Date Solutions Likes 0 SHARE Bookmarks
October 02, 2019 Is The Brexit End Game Finally In Sight? by Darren Williams The battle for Brexit has undermined traditional political affiliations and triggered changes in the UK’s constitutional order that could affect future governability. We may now be approaching the end game, though the outcome might not be the one markets are counting on. Brexit, Economics Likes 0 SHARE Bookmarks
October 02, 2019 Is the Trade War a Blessing in Disguise for China’s Tech Sector? by John Lin, Stuart Rae, Min Zhou Complex ties between US and Chinese technology sectors are being tested by trade war tensions. But some steps taken by the US against Chinese multinational giant Huawei Technologies could backfire and spark a new phase of development for the Chinese technology sector. Equities, Trade Wars Likes 0 SHARE Bookmarks
September 27, 2019 How to Invest in Technology As Regulators Defang Giants by Lei Qiu US state attorneys general recently stepped up their scrutiny of big tech’s business practices. With corporate mammoths likely to be in the crosshairs of regulators for some time, equity investors should consider looking beyond the titans for opportunities in the sector. Active & Passive , Equities Likes 0 SHARE Bookmarks
September 27, 2019 The Fed is Cutting Rates. Will That Be Enough? by Eric Winograd The Fed cut rates again and indicated that one more cut should be enough to shore up growth. We think more will be needed. But will rate cuts work? And if not, what else can the Fed do? Economics, Later in the Cycle Likes 0 SHARE Bookmarks
September 25, 2019 Choosing Better Investing Ingredients for a Turn in the Cycle by Richard Brink, Walt Czaicki What sources of market returns can withstand late-cycle uncertainty? By identifying the right ingredients, we think investors can create an allocation with the potential to overcome new challenges and perform well over the long term. Active & Passive , Asset Allocation, Equities, Fixed Income, Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
September 24, 2019 How High Yield May Reduce Portfolio Risk by Gershon Distenfeld Want to reduce overall portfolio risk without giving up on income? Consider high-yield bonds. Fixed Income, Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
September 23, 2019 US Equities: Take Care with Leverage by James T. Tierney, Jr. Many US corporations are indulging heavily in leverage. That may be all right for now, but if economic conditions deteriorate, those highly leveraged companies will face difficulties in the next few years. But investors can find active equity solutions that generate returns without the risk of excess leverage. Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
September 17, 2019 How Balanced Income Can Help in Today’s Markets by Matthew Sheridan Investors can find income in US bond markets—but this late in the credit cycle, the right approach can make a big difference. Fixed Income, Later in the Cycle, Volatility Likes 0 SHARE Bookmarks
September 17, 2019 Out of Balance? Growth vs. Yield in US Stock Valuations by James T. Tierney, Jr. In today’s highly uncertain market environment, investors in US stocks are paying a premium for companies with high-dividend yields. But how much is too much—especially if interest rates stop declining? Stocks with resilient high-growth profiles deserve a closer look. Later in the Cycle Likes 0 SHARE Bookmarks
September 17, 2019 To Hedge or Not to Hedge? With Currency, It’s a Vital Question by Leon Zhu, Aditya Monappa With global markets growing more volatile, we’re often asked what we think are the most underappreciated risks that investors face today. One in particular stands out: currency risk—especially for non-US dollar–based investors. Currency, Multi-Asset Likes 0 SHARE Bookmarks
September 16, 2019 The Fed Has More in Its Policy Tool Kit Than You Might Think by Eric Winograd With the global economy facing stronger headwinds, we’ve reduced our global growth and interest-rate expectations. But the US Federal Reserve has a variety of policy tools it could use—some unconventional—that we think will help the US economy hold up better than some of its peers. Economics Likes 0 SHARE Bookmarks