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 Impact of the Fed’s Corporate Credit Facilities

As a result of the Federal Reserve’s efforts to shore up credit markets, the leveraged credit sector has delivered stellar performance since the lows in March.

Commentary

China Matters More Than Ever

Among the many significant developments in the world that investors should be considering as part of their long-term thinking, one of the issues that concerns me the most is China.

Commentary

A Payroll Tax Holiday Will Put the U.S. Back to Work

The pandemic creates a good opportunity to make Social Security more sustainable.

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.