Commentary

Investing Beyond Benchmarks: The Case for Unconstrained Equities

Market indexes can be a useful barometer of long-term performance. But the investment opportunity set need not start and end there. Fundamental Equities investor Alister Hibbert uses an unconstrained approach in seeking to identify those rare companies that stand out from the pack.

Commentary

Active Management Will Drive Muni Returns in 2024

Municipal bonds deviated from U.S. fixed income assets and posted negative performance in May.

Commentary

QT-Lite: Quantitative Tightening's Limited Impact

The Federal Reserve’s balance sheet is one of the world’s most important security portfolios. Yet, its ongoing importance for markets and financial conditions is often underappreciated.

Commentary

Energy Stocks, Surprising Leaders

In this article, Russ Koesterich discusses the YTD strength of energy stocks and why it could continue.

Commentary

Targeting Uncorrelated Returns in Uncertain Markets

A defining feature of the post-COVID investment regime has been the persistence of elevated market uncertainty and volatility. The below visual highlights how this has led to a wider range of market performance outcomes, focusing in on the vast difference between the last two calendar years.

Commentary

4 Equity Insights From a Mostly Sunny Earnings Season

Strong Q1 earnings were a bright spot as sticky inflation and dimmed expectations for rate cuts cast some shade on U.S. equity markets. Fundamental Equities investor Carrie King looks beyond the headlines to offer four takeaways from the most recent earnings season.

Commentary

A Stock Picker’s Look Beyond AI

Artificial intelligence (AI) and its unparalleled potential have powered stock market returns over the past year. Yet the market has more to offer, particularly as leadership may be poised to broaden beyond AI beneficiaries.

Commentary

Growth Stocks Demonstrating Resilience

In this article, Russ Koesterich discusses why stocks are proving to be resilient in the face of higher rates and muted expectations for monetary easing.

Commentary

Election Years Create Their Own Patterns

How momentum and election cycles may shift the impact and timing of seasonal trends.

Commentary

Rotation to Duration: Seeking a More Resilient Portfolio

With yields at current levels, bond funds can lock in longer term yields, offer price appreciation potential and overall serve as a hedge against a possible hard landing. Though elevated cash balances worked during the Fed’s hiking cycle, we believe now is an opportunity for clients to consider adding duration given the potential for a Fed pause.

Commentary

Harnessing Income Opportunity in High Yield Credit

Elevated all-in yields in high yield credit present an attractive opportunity for income-seeking investors to lock in higher levels of income. Of course, that comes with a much higher degree of risk as compared to sitting in cash.

Commentary

Riding the Momentum - Looking Beyond the Tech Giants

After a strong start to the year, equity investors are assessing whether a range of escalating risks will lead to continued volatility ahead. In this quarter’s Systematic Equity Outlook, we’ll explore macro and micro risks through a systematic lens, and how we’re positioning portfolios to harness alpha opportunities ahead.

Commentary

Stocks Can Rise, Even With Higher Rates

In this article, Russ Koesterich discusses why a higher rate environment may still allow stocks to end the year higher.

Commentary

Multi-Asset Income

Improve your income potential with a tactical, unconstrained strategy that sources opportunities across geographies and asset classes. BlackRock Multi-Asset Income Fund takes a risk-first approach while seeking to deliver a consistently attractive yield.

Commentary

Quality Is Now a Momentum Trade

Why the current momentum trade, despite stretched valuations, could continue.