Following the bond market’s recent beating, term yields have already priced in aggressive Fed rate hikes, positioning core bonds to effectively diversify credit risk.
An effective factor investing strategy should be both contextual and adaptable as markets change over time.
Strong funded ratios and higher interest rates are prompting many corporate pension plan sponsors to shift assets to LDI strategies.
We believe the economy will grow well above trend throughout 2021, as massive pent-up consumer demand is released by vaccination progress, states reopening and highly accommodative government policy.
In a crowded world where active equity strategies increasingly look alike, machine learning’s potential to deliver genuine differentiation as well as mass-customization make it an invaluable tool for investment managers.
The opportunity cost for inflation protection is high—is it worth the cost?
Recent rate volatility offers a rare opportunity, but if history serves as any guide the window to act will be fast to close.
Volatile markets and low interest rates have many investors looking for relative price stability and income. GNMAs may help investors seeking these traits, but many are understandably confused about what GNMAs are and how they differ from other mortgage- and government-backed securities.
Our outlook continues to be that economic recovery is in the offing and will broaden into synchronous, global expansion. Segments of the economy that were protected from the pandemic should stay in a healthy holding pattern.
Demystifying the role of machine intelligence in stock selection.
EM Corporates could be a valuable source of total return, carry, and diversification.
We continue to believe that inflation will prove to be a cyclical phenomenon, not a structural risk.
While the phenomenon may seem contained to a handful of stocks, we believe there are broader ramifications for active managers to navigate.