Markets & Economy » U.S. Consumer Debt: Headwinds to Achieving a Step-Up in Growth

April 24, 2015 | Market Commentary

Since exiting the 2009 recession, the U.S. economy has been humming along at a rather slow pace, averaging 2.2% real annual GDP growth over the last five years. During this time, economic data has generally trended higher, labor markets have gradually healed, and the U.S. consumer has modestly deleveraged...

April 2015 YourShare

April 23, 2015 | Market Commentary

While recent economic data has been generally solid in an absolute sense, results consistently fell short of consensus expectations during the first quarter of 2015. The image below illustrates the inclination of economic observers to extrapolate recent trends into the future.

Vantage » U.S. Labor Market Overview

April 22, 2015 | Domestic Markets

The employment situation is vastly improved from its Great Recession nadir, and the headline unemployment figure suggests the labor market is at equilibrium. For this reason, taking a detailed pulse of the condition of the United States labor market is warranted at this juncture.

First Quarter 2015 International Perspective

April 10, 2015 | International Markets

Global equity markets got off to a rocky start as 2015 opened. In a surprise move, the Swiss National Bank (SNB) removed the franc’s peg to the euro, sending the value of the Swiss currency soaring.

April 2015 Perspective

April 02, 2015 | Market Commentary

While recent economic data has been generally solid in an absolute sense, results consistently fell short of consensus expectations during the first quarter of 2015. Loyal readers of the Perspective will recall the nearby image. It illustrates the inclination of economic observers to extrapolate recent trends...

Webinar: Be Selective in Emerging Market Investing

April 02, 2015 | International Markets

Emerging markets are often referred to as a monolithic asset class, to be bought and sold together, with little attention paid to specific countries or industries. However, we believe that it is more important than ever to take an active approach when pursuing investment opportunities in emerging markets.

April 2015 Update

April 01, 2015 | Market Commentary

Depending on who you ask, you are likely to get a variety of answers as to what moved financial markets during the first quarter of 2015. One person might answer that it was oil prices; another might answer that it was...

Vantage » The Impact of QE on European Financial Markets

March 30, 2015 | International Markets

On March 9, the European Central Bank began a long-awaited Quantitative Easing program whose principal mission is to reverse the very sharp drop in measures of actual inflation as well as future inflation expectations in the Eurozone member economies.

Vantage » Country in Focus: Brazil

March 27, 2015 | Emerging Markets

Brazil is the world’s seventh-largest economy and its population of over 200 million continues to gain purchasing power. The middle class is growing, and accounts for more than half of consumers. Millions have been lifted out of poverty, but government intervention in the economy continues to cause...

Are Active Managers Doing Their Job?

March 25, 2015 | Active Management

Since the market downturn of 2008, active equity managers have come under fire. Not only did many of these managers fail to provide meaningful downside risk management relative to market indices during the credit crisis, but most have failed to keep up with their benchmarks as the markets...

Markets & Economy » What to Expect from European Quantitative Easing

March 24, 2015 | International Markets

A European quantitative easing (QE) program has finally become reality. The European Central Bank (ECB) made its first sovereign bond purchases as part of the plan in early March. While U.S.-based investors are probably very familiar with the concept...

Vantage » 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...

Markets & Economy » Water Scarcity: The Global Need to Move it and Improve it

March 09, 2015 | Investment Themes

Water is arguably the most important natural resource on earth. Covering greater than 70% of the planet’s surface, its apparent abundance is deceiving. Fresh water is critical to humanity and represents only a fraction of the total water supply...

Our View » Disruptive Innovation

March 06, 2015 | Investment Themes

This Our View discusses the advantages and perils of disruption and how Manning & Napier perceives both in our efforts to find opportunity and manage risk.

March 2015 Perspective

March 04, 2015 | Market Commentary

With the current U.S. economic expansion nearing its sixth birthday, employment remains one of the most deeply scrutinized areas among investors and policymakers alike. Data within January’s employment situation...

Markets & Economy » Three Big Market Moves Drive Volatility Higher

February 27, 2015 | Market Commentary

Three big moves in major financial markets during recent quarters should give investors reason to anticipate heightened volatility going forward, namely significant increases in the value of the U.S. dollar and Swiss franc, as well as...

Fourth Quarter 2014 International Perspective

February 19, 2015 | International Markets

The fourth quarter of 2014 proved to be a volatile period for global equity markets. Early October was met with a resurgence of volatility as investor concerns regarding overseas growth prospects and the potential impact on corporate earnings became more pronounced. Worries centered on Europe and the specter of deflation...

Markets & Economy » REITs Bounce Back on the Cusp of Interest Rate Changes

February 18, 2015 | Market Commentary

Real estate investments bounced back last year from a lackluster 2013 to have their best performance in nearly a decade. Real Estate Investment Trusts (REITs)—companies that own and normally manage income...

Vantage » Life in the Last Mile

February 17, 2015 | Market Commentary

Life is lived in the last mile. The last mile is a term that originated in the telecommunications, cable, and Internet industries to reflect the final leg of the system connecting the customer. It is thus not a literal mile but a useful metaphor...

Vantage » Country in Focus: Japan

February 17, 2015 | International Markets

Japan is one of the most technologically advanced and innovative economies in the world. The country features remarkable business sophistication and well-developed infrastructure, and produces very high value-added products. However, macroeconomic weaknesses such as the massive public debt...