Many investors, perhaps scarred by 2013’s “taper tantrum,” are focused on the likelihood that the Federal Reserve will start reducing its bond purchases in the next few months.
Today’s complex, fragmented, fast-moving muni market is rapidly outpacing the capability and capacity of traditional portfolio-construction methods.
As equity style winds shift, investors are still debating the merits of growth versus value stocks.
What we’ve seen this year is an exceptionally high rate of earnings growth across markets, but that’s not going to persist.
As the summer progresses, US vacationers are out in force while the European and Asian holiday scene remains relatively subdued.
Central banks are being forced to address many challenges—inequality, climate change, and debt management to name but three.
There’s considerable uncertainty in today’s municipal market. Questions persist about the likelihood of rising interest rates, inflation that may not be transitory and the impact on municipalities once the benefits of fiscal stimulus fades. Active bond managers have many decisions to make and need to be nimble in a changing landscape. What’s next for municipal bonds, and how can trading and portfolio management technology help investors navigate this changing environment?
Inflation has been on the rise recently, raising concerns about long-run inflation and its impact on the spending power of those who can least afford it—investors approaching or already in retirement.
China’s regulatory crackdown on education and tech companies led early this week to a dramatic sell-off that started in Chinese stocks and extended into offshore Chinese currency and credit markets.
Chinese stocks have tumbled amid a regulatory crackdown on education and technology companies.
Hang on to your hat.
The US high-yield market has seen a strong comeback since its panic-driven downturn at the onset of the COVID-19 pandemic.
Market crises and macroeconomic recessions typically create fertile ground for value stocks to outperform in a recovery.
In 2010, 68% of the companies in Fortune Magazine’s Global 500 were domiciled in Group of Seven (G7) countries, compared with 17% in the E20* emerging-market (EM) countries.
Many investors with exposure to the Chinese renminbi (RMB), having enjoyed a strong rally in the second quarter, are worried that policy uncertainties could hurt the currency’s short-term outlook.
As the world convalesced from the pandemic, stocks advanced in the second quarter and earnings rebounded across sectors.
Bond investors are worried, and who can blame them?
High-quality companies are always in style. In good times and bad, features that define resilient businesses and stocks underpin consistent and solid equity return potential.
US inflation continued to soar in May, with the Core Consumer Price Index (CPI) up 0.7% month over month and 3.8% year over year—its highest annual rate in more than 25 years.
Japanese equities have long been overlooked by many global investors.
Environmental, social and governance (ESG)-linked bond structures have become very popular in investment-grade bond markets.
With the post-pandemic US economy on the mend, a new threat has emerged: inflation.
Disappointing returns for healthcare stocks through the market’s recovery from the pandemic have raised concerns about the sector.
With the US economy accelerating and price pressures rising, investors have started wondering when the Federal Reserve will start to wind down, or taper, its current QE asset purchases—a pillar of accommodative monetary policy since the global financial crisis.
Passive equity portfolios continue to gain popularity, but some investors might not know that a small group of outperforming stocks have driven most of the gains in recent years.
We’re optimistic that environmental, social and governance (ESG)-linked bonds will help create a better, more sustainable world.
Municipal bonds have held up well this year, despite rising interest rates and inflation. Munis’ long-term outlook is strong too. What accounts for their outperformance in today’s environment?
Widespread lockdowns have resulted in record output declines and soaring debt across the euro area. But the political response to the COVID-19 crisis may be positive for the European integration project—and for euro-area bond markets.
Global indicators continue to signal a sharp business recovery from last year’s COVID-19 pandemic lows. While inflation expectations are increasing as a result, business improvements offer multi-asset investors good reasons to remain tilted to equities for the next stage of the recovery.
Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.
After a strong rally for value stocks in recent months, some investors are wondering if the rebound will continue.
As the US economy continues to reopen, economic growth is accelerating in line with our above-consensus forecasts.
Developed-market (DM) household savings recorded a significant gain last year, with an increase equivalent to 10% of combined gross domestic product (GDP).
Paradigm shifts are driven by creativity and innovation. Innovation is attracted to and stimulated by inefficiencies in a big, lucrative marketplace, such as financial services. Recently, our industry has seen a growing number of innovations in how financial-services products are delivered to consumers.
Many US technology companies use stock compensation to help align workers’ performance with shareholder interests.
US small-cap value stocks have enjoyed considerable success since value stocks began to outperform growth in October 2020.
Investors are reassessing which types of companies will thrive in the next stage of the recovery amid the recent rebound of value stocks.
Planning for retirement has historically been focused on saving as much as possible.
Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy.
Today’s market environment taps into bond investors’ primal fears.
As US inflation expectations grow, many investors are concerned about the potential impact on stocks.
Across the industrial sector, low-carbon investing naturally leans toward renewable energy opportunities, like wind and solar power.
Companies globally are racing to reduce their carbon emissions. But what does it really take to achieve ambitious green targets?
Our brains have a set of built-in shortcuts that influence us every day.
It’s been a long time since investors have had to worry about inflation.
US core inflation likely will be volatile during 2021, as underlying economic forces continue to rebalance from the pandemic.
Our crisis dashboard includes signals from three areas: 1) public health, 2) the consumer sector and 3) financial markets. By pulling big data from traditional sources (earnings growth and gross domestic product, for example) and nontraditional sources (like Google Trends and Glassdoor), we can create a better mosaic of the road back.
The exit from the pandemic will be bumpy. Defensive stocks with attractive valuations can help provide balance through an uncertain recovery.
The recent selloff of US growth market darlings reflects increasing questions about whether their growth potential still justifies exceptionally high valuations. Away from the froth, growth investors can still find solid return potential in quality companies with profitable, sustainable business models.
As more plan participants worry about retirement income security, demand for guaranteed income solutions is growing—and plan sponsors are pondering the options.
