Focusing on Long-Term Return Objectives in a Low Return World

January 22, 2016 | Active Management

Assumptions about future returns are made every day by a wide variety of investors. Defined benefit pension plans rely on return assumptions to calculate funding status and necessary contributions while individual investors use them as a guide to determine if they are properly saving for retirement.

Emerging Markets Investing

March 17, 2015 | Emerging Markets

The long-term growth prospects in many of the world’s developing economies are extraordinary, even more compelling when compared to the slow growth of the developed world. The consumer markets in many of these countries are large, with rapidly expanding middle class populations...

A Closer Look at Small Caps

January 09, 2015 | Market Commentary

When we wrote about small cap stocks in June 2011, we concluded that they faced a number of headwinds and were unlikely to continue their strong outperformance versus large caps that began in 2000. This outlook was strongly supported by relative valuations versus...