We expect to see flows back into UK equity and credit now that some of the Brexit uncertainty has been removed.
Jean highlights some key takeaways that may help you with next year’s investment decisions.
Positive returns across asset classes in 2019 may limit tax loss selling in closed-end funds, but we see potential long term value in select sectors where investors can still buy assets at a discount.
We identified the protectionist push as a key market driver this year but we did not foresee the massive move down in global yields. Scott talks through our 2019 calls.
As Russ explains, the evolution of the consumer, still a pillar of the markets, has major implications for investors.
Redefining your lens on risk may help you win more by losing less.
Rick Rieder and Russ Brownback argue that – in contrast to the past decade of monetary policy lifting all economic boats at once – the years ahead are likely to be characterized by great dispersion between economies, industries and markets. Understanding that dynamic will be the name of the game for investment success.
The stock market has been an early player in sustainable investing – while the fixed income market has lagged in data, tools and insights. But that’s changing fast, as we detail in a new publication: Sustainability: the bond that endures. New ESG indexes have created building blocks that can be used to bring sustainability into portfolios, even in asset classes such as emerging market (EM) debt that until recently lacked sustainable solutions.
Markets hate uncertainty, and the type deriving from geopolitical unrest has been heightened this year. Jeff Shen discusses why there may be a silver lining on the horizon for investors.
Russ explains why monetary easing matters more than geopolitical risks for the markets right now.
It’s been a largely solid run for U.S. stocks in 2019. With the year now in its final quarter, Tony DeSpirito addresses three questions on investors’ minds.
Rick Rieder, Russ Brownback and Trevor Slaven contend that much of the recent criticism brought to bear against Fed policy makers is misguided, and in fact the central bank has done an admirable job of pivoting toward a pragmatic equilibrium in recent months.
Recent data show a slowing economy, but no recession. Russ discusses how to position a portfolio in this environment.
Once again, U.S. consumers are keeping the global economy out of the abyss. Russ discusses why.
Covered call strategies in a closed-end fund may help long-term investors manage short-term volatility.
The fourth quarter of 2019 kicked off with a market selloff and more evidence that a protectionist push is hitting the U.S. industrial sector. How are our asset views faring this year to date–and what are the key themes we see shaping markets in the months ahead?
Elga explains why we see a growth pickup looming on the horizon. Hint: Watch the transmission of financial conditions.
Rick Rieder and Russ Brownback highlight their view that effective monetary and fiscal policy in the 21st Century needs to draw not only traditional economic theory, but also from the lessons of finance and other disciplines.
Patrick Nolan offers his top tips to help your money deliver.
Interest rates rose last week, but the surge did not keep stocks from climbing. Russ explains why.
Elga explains why we could see lower growth and higher inflation ahead in the U.S. Hint: trade tensions.
Russ describes the reasons why growth stocks can still outperform value.
Easier financial conditions have lessened the blow of greater political uncertainty. Can that continue?
Rick Rieder highlights the economic policy state-of-play today, and where it may lead to should economic growth falter, productivity not materialize, and populism continue to thrive.
In some parts of the world, bonds are yielding less than zero. Karen explains how that can happen, what it means for your portfolio and moves to consider.
With the dollar remaining strong, Chris discusses whether it makes sense to hedge currencies for international investing.
“Quality” stocks are said to offer a measure of portfolio stability ― a trait that becomes more valuable when markets are volatile and/or the business cycle is growing older. Both are true today. Tony DeSpirito offers his take on investing for quality.
Given the recent volatility, investors may be wary of tech. Not so fast, Russ explains.
Russ discusses why bonds are his preferred hedge in this environment.
Rick Rieder and Russ Brownback highlight the investment themes that they think will drive markets and dominate debate within the investment community over the next several months and beyond.
Russ discusses how central banks once again have investors’ backs.
Rick Rieder argues that anemic growth in Europe is a longstanding problem that today requires a bold solution. Institutionally, the ECB can offer potentially effective, if unconventional, help.
Following months of strong performance, Russ discusses why defensive sectors may be overpriced in the current environment.
Despite structural regional challenges, Russ provides insight on several factors that support European equities.
Rick Rieder and Russ Brownback argue that while most investors are focusing primarily on trade-related supply chain disruptions today, they need to continue to situate this turmoil in the more fundamental changes at play in technology and demographic trends.
Russ explains why the suddenly easier central bank policies could be key for emerging markets.
Low inflation may sound appealing, but as Russ explains, it has drawbacks for investors.
With stocks on a rollercoaster ride this year, Russ discusses the various potential hedges that could smooth the ride.
The firm’s senior decision makers debated the midyear market outlook last week in London. Jean shares the gist of our debates.
Russ discusses why growth is likely to continue to outperform value for a while.
Rick Rieder and Russ Brownback argue that there’s little benefit to “trading the news” today, as prices adjust instantly to highly-transparent information. Rather, investors would do well to follow long-term cash flows, of which the lion’s share is to be found in tech.
Markets are not too expensive, or too cheap. As Russ explains, that offers a clue into what could cause the next move.
Russ discusses why volatility has not been more severe, even though growth has softened.
Continuing the post-crisis trend, U.S. stocks have outperformed the rest of the world this year. Russ explains why.
Cyclicals rule. After getting trounced in Q4, year-to-date more cyclically oriented stocks and sectors have trounced “defensive”, less-cyclically exposed names. The trend has been even more pronounced during the past month.
Despite being up 25% from December 2018 lows, Russ discusses the factors that remain supportive of the energy sector.
Rick Rieder and Russ Brownback argue that despite the market turbulence witnessed in the past several months, as well as a dramatic policy reversal, we find ourselves at a moment of remarkable economic stability. That fact, along with greater policy accommodation and capacity, argues for healthy and sensible risk taking.
With growth soft, financial conditions are key for investors, Russ explains.
Russ discusses the divergence between rising stock prices and falling bond yields. What gives and can it continue?
The recent U.S. equity rally has coincided with a drop in volatility. But can that continue? Russ discusses.