Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high-net-worth investors.

Commentary

The Fed’s Roadmap

The Fed has increasingly unorthodox policy options if the economy remains mired in a protracted downturn.

Commentary

Fireside Chat with Scott Minerd and Mike Milken

Scott Minerd, Chairman of Investments and Global CIO, and Mike Milken, Chairman of the Milken Institute, discuss at a Goal 17 Partners web event the government and private-sector response to COVID-19.

Commentary

We Are All Government-Sponsored Enterprises Now

The support to corporate America during this economic shutdown risks the creation of a new moral obligation for the U.S. government.

Commentary

Prepare for the Era of Recrimination

The unintended consequences and moral hazard of insufficient and misdirected policies.

Commentary

The Emerging Emerging-Markets Crisis

Global capital markets are not pricing in the growing likelihood of rising EM corporate defaults.

Commentary

Note to Clients: Where We Are Nibbling at Value

Allocating capital as the pandemic progresses; emerging markets may be next domino to fall.

Commentary

The Faustian Bargain

The consequences of policymakers returning to the same tools employed in the financial crisis.

Commentary

The Impact of ETFs and Index-Tracking and Passive Strategies on the Fixed-Income Market

There are three key areas where the allocation requirements of passive fixed-income vehicles have an impact on the market.

Commentary

The Great Leverage Unwind

We entered into the current crisis with a whole financial system that had been incentivized by policymakers to take on excessive levels of debt and leverage. The turmoil we are seeing right now is the result of the unwinding of this leverage.

Commentary

Value Is a Poor Timing Tool

Markets often overshoot, and just because things are cheap doesn’t mean they can’t get cheaper.

Commentary

Necessary But Not Adequate

Without the right programs, this shortfall in credit availability will increase and it will further deepen the crisis.

Commentary

Shock and Awe Falls Short

The Fed still has a number of tools at its disposal that haven’t yet been implemented.

Commentary

Note to Clients: Meeting An Historic Challenge

In this remarkable period in our history, we must renew our resolve to the commitment to always do that which is true and noble for all. Together, we can meet this historic challenge.

Commentary

The Butterfly Effect

If I had written a commentary on how 4,000 people dying from the flu would topple global financial markets, I think I would have been deemed insane. Yet today that is exactly the story.

Commentary

Peace for Our Time

The cognitive dissonance in the credit market is stunning. I recently have had the feeling that I’m living peaceably in Britain during the 1930s while on the continent the Germans were building weapons, expanding their army and navy, and opportunistically grabbing land.