Markets & Economy » The Pharma Pipeline: Exploring an Underestimated Investment Theme

June 29, 2015 | Investment Themes

Worldwide equity markets have had an impressive showing since emerging from the Great Recession. The run-up in prices has coincided with equities becoming broadly more expensive. Some regions offer more attractive opportunities than others from a valuation standpoint, but the overall environment has become generally more challenging for investors. Current market dynamics have investors questioning where real opportunities can be found.

Our View » Demographics: An Essential Element in QDIA Due Diligence

June 22, 2015 | Retirement Plans

Given the tremendous increase in the number of defaulted participants and resulting asset growth in default investment options, it’s imperative that fiduciaries choose a QDIA solution that is appropriately aligned with the needs of their participant base.

Jeff Coons

Jeff Coons


Raising the Bar on Target Date Due Diligence: Demographics Matter

June 22, 2015 | Retirement Plans

Manning & Napier and Strategic Insight are pleased to provide this whitepaper highlighting emerging trends and fiduciary considerations regarding certain popular industry target date due diligence tools.

Markets & Economy » Is Japan’s Economic Recovery Real or Imagined?

June 15, 2015 | International Markets

A quick glance across global equity markets reveals that Japan has been among the strongest performing countries recently. The Nikkei 225 advanced roughly 40% in the 12 months through May, beating returns of U.S. and global indices such as the S&P 500 Total Return Index and MSCI All Country World by sizeable margins.

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Tibble v. Edison: A Reminder for Fiduciaries

June 11, 2015 | Retirement Plans

The recent 9-0 Supreme Court decision in Tibble v. Edison should remind plan sponsors and their advisors to review investment options regularly and to keep careful records documenting the review and the reasons for any decisions made.

Managing Credit and Interest Rate Risk in the Current Market Environment

June 08, 2015 | Active Management

Credit risk can be broadly defined as the risk of default and/or widening of credit spreads. In general, investors expect to be compensated with higher yields when purchasing bonds with a higher degree of credit risk.

Our View » Redefining Participant Education

June 05, 2015 | Retirement Plans

Clients are looking for financial planners who can help manage current savings and plan for the future. As health care costs consume a larger portion of participants’ retirement savings, a need for a better understanding of the available options has emerged. Our curriculum provides a turn-key solution that can be incorporated with other retirement savings education.

Markets & Economy » Oil Companies Make Deep Spending Cuts

June 04, 2015 | Market Commentary

The nose dive in crude oil prices has been a major story across global economies and financial markets during recent quarters. Signs of weaker economic growth, coupled with unexpected incremental supply increases from countries such as Iran and Libya, dealt a crushing blow to the commodity last summer. Very quickly, the profitability dynamics of operating within the oil industry value chain changed dramatically.

Does Indexing Meet Investor Objectives?

June 04, 2015 | Active Management

As investment performance data gets released at the end of each calendar quarter, the financial press is inevitably filled with stories comparing the performance of active managers versus market indices.

June 2015 Perspective

June 02, 2015 | Market Commentary

The U.S. housing market appears to have regained its stride after the cold winter according to recent data on new and existing homes sales. Existing home sales accelerated back above a 5 million unit seasonally adjusted annual sales pace in March and clocked-in at 5.04 million units during April. In January, existing homes were changing hands at a 4.82 million yearly rate.

Vantage » Country in Focus: The United Kingdom

June 01, 2015 | International Markets

The United Kingdom of Great Britain and Northern Ireland has many structural characteristics that are very similar to the United States. The country has strong legal and political institutions, characterized by a well-established rule of law, a transparent regulatory framework, and a relatively business-friendly policy environment.

Markets & Economy » Evaluating Active Managers: The Benefits of Being Different

May 27, 2015 | Active Management

Gaining a better understanding of active management in today’s evolving and sometimes volatile investment environment begins with a simple point: Not all active managers are alike. Since the market downturn of 2008, there has been a reappearance in industry dialogue of the claim that...

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Converge, Volume 6: Bridging the Demographic Disconnect

May 26, 2015 | Retirement Plans

A generational shift is underway. This year, Millennials will overtake Baby Boomers as the nation’s largest living generation. As the boomer generation moves further into traditional retirement years, evolving employee expectations are altering the benefits landscape more significantly than at any other time in recent history.

Active Management in the Current Market Environment

May 21, 2015 | Active Management

Evaluating performance of active equity managers versus market indices since the start of the current bull market (03/01/2009) or even the start of the last market downturn (11/01/2007) leads to a relatively unfavorable conclusion for active managers.

Vantage » Evaluating Valuations: An Environment of Elevated Risk for U.S. Equities

May 20, 2015 | Domestic Markets

The November 2014 article titled Three Dimensions of Risk and Returns for U.S. Equities discussed our framework for minimizing the risk of sustained capital loss, a key tenet of the investment process at Manning & Napier. The indicators that are used to analyze this risk from a top-down perspective are grouped into three families: economic, valuation, and liquidity/sentiment.

Redefining Outcomes-based Investing

May 14, 2015 | Retirement Plans

With assets continuing to flow into target date funds (TDFs) and a growing number of distinct glide path designs to choose from, it has become imperative that plan fiduciaries have an effective TDF evaluation program in place.

Active vs. Passive Management on Wisdom Wealth Radio

May 13, 2015 | Active Management

Recently, our Portfolio Strategist, Darin Leone, sat down to speak with Scott Lucas of Lucas Financial Services, to discuss active vs. passive management and where we see opportunities in the market today. Listen to their conversation on Wisdom Wealth Radio, 98.9 FM, Columbus.

May 2015 Perspective

May 07, 2015 | Market Commentary

Uncertainty surrounding global economic growth and shifting expectations regarding the direction of central bank policies, U.S. monetary policy in particular, remain key near-term drivers of financial market activity. Factors such as these increase the likelihood of volatility.

Balancing Risk Management and Tax Management

May 06, 2015 | Wealth Management

Benjamin Franklin famously said that there is nothing certain in this world except death and taxes. A common perception is that taxes are currently too high, too complex, and therefore require a high level of annual planning. Furthermore, income and realized gains...

Vantage » Country in Focus: Australia

April 30, 2015 | International Markets

Australia is a country which has been referred to in recent years by various financial media outlets as everything from a lucky country to a miracle. After all, the country has been among the very best performing developed economies over the course of the past two decades and has not experienced a recession in over 24 years.