Insights

After a decade of lagging growth stocks, value investing is seeing a resurgence. But as traditional value metrics used for 100 years have struggled to remain relevant, we recognize that successful value investors must evolve with the changing market environment. It’s time to reassess how to take advantage of this opportunity through a new lens. Introducing excess capital yield (ECY).

Plan sponsors often find the target date fund (TDF) selection process understandably daunting. Evaluating TDFs is a multi-faceted process that requires a deep dive into the four components of TDF design — glide path design, asset allocation, selecting underlying managers, and portfolio construction.

Adding durable, low-cost external leverage to lower-volatility assets via the FHLB system can be an attractive way to enhance risk-adjusted return potential versus owning higher-volatility assets with more embedded leverage directly on insurance company balance sheets.

It is critical for plan fiduciaries to understand the differences in target date design in order to select the fund that best matches the needs and characteristics of their plan and its participants.

With the rise in fixed income yields, high-quality markets such as U.S. IG corporate bonds may offer attractive income along with potential diversification benefits from low correlations to other risk assets and enhanced downside protection.

The Voya Machine Intelligence team aims to take emotion out of the investment process to deliver alpha that is uncorrelated to more traditional equity strategies.

Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations. This has historically resulted in relatively high success rates in generating alpha.

We believe the risk of a technical default remains extremely low, but the consequences would be swift and painful, likely compelling elected officials to find common ground for a resolution.

Retirement readiness is a major challenge for many plan participants. For plan sponsors, plan design is no longer about simply focusing only on helping participants build their savings. Providing participant income solutions in the decumulation stage is now equally important, especially because new research shows that many workers need help in this area.

Another regional bank falls, but the markets are seeing the forest from the trees as challenges appear contained.