Our View » Shedding Some Light on CITs

September 22, 2015 | Investment Themes

Early Collective Investment Trust Funds (CITs) were pools of securities, traded manually, and typically valued only once a quarter. Today, there is growing concern over how 401(k) plans are structured and the costs involved. Here we look at some of the myths these investment products still carry and shed some light on their benefits and how they should be used.

Marc Bushallow

Marc Bushallow

Managing Director, Fixed Income

Markets & Economy » No Change in Rates: Comments on the Fed Decision

September 17, 2015 | Market Commentary

Following their two day meeting in mid-September, members of the U.S. Federal Reserve’s policy setting Federal Open Market Committee (FOMC) decided not to adjust the federal funds policy interest rate. The rate will remain within the current 0% to 0.25% range, where it has been since December 2008.

Vantage » Country in Focus: Russia

September 16, 2015 | International Markets

Russia has claimed its fair share of news media headlines in the past two years, starting with allegations over the country’s covert involvement in the initial uprising in Ukraine and subsequently its annexation of Crimea in March 2014.

Marc Bushallow

Marc Bushallow

Managing Director, Fixed Income

Markets & Economy » The Great Rate Hike

September 11, 2015 | Fixed Income

Recent headlines suggest that bond investors are bracing for heightened volatility in fixed income markets, with pundits citing an eventual Fed rate hike as the catalyst that could give rise to further market gyrations.

Markets & Economy » Puerto Rico Adds Pressure to Muni Market Outflows

September 10, 2015 | Fixed Income

Puerto Rico was thrust into the spotlight after missing a $58 million bond payment in early August. Fixed income markets stumbled on the news, but the country’s fiscal troubles should come as no major surprise.

September 2015 Perspective

September 09, 2015 | Market Commentary

World financial markets swooned during August as concerns over slowing global economic growth resurfaced. Recent reports on the U.S. economy remained generally good, however, and this helped quell investor nerves to a degree near month-end.

Marc Bushallow

Marc Bushallow

Managing Director, Fixed Income

Markets & Economy » “Safe” Can Be Risky

September 01, 2015 | Fixed Income

The last several years have been defined by historically low interest rates, and using a bond index fund to gain market exposure to the broad fixed income market has become a more prevalent investor strategy.

Five Ways to Improve Employee Savings and Participation Rates

August 26, 2015 | Retirement Plans

It’s no secret that the United States faces a bubbling retirement crisis. Evidence to support this conclusion is everywhere. For example, according to EBRI, 43.3% of Early Baby Boomers are expected to fall short...

Ebrahim Busheri

Ebrahim Busheri

Director of Research

Markets & Economy » Our Perspective on Recent Volatility

August 25, 2015 | Market Commentary

Last Thursday and Friday, domestic equity markets saw the sharpest two-day decline since 2011, with the S&P 500 Index, Dow Jones Industrials Index and Nasdaq Composite falling 5-6% over two days.

Required Minimum Distributions from IRAs

August 24, 2015 | Retirement Plans

Many retirees have large IRAs that grow in value over years of saving and investing in qualified retirement plans. However, the government is seeking the tax revenue from lifetime earnings that have been deferred in IRAs throughout their working years.

Markets & Economy » China: Should investors run for the exit?

August 12, 2015 | Emerging Markets

Chinese equity markets experienced unprecedented growth in the trailing 12 months ended May, with major equity indices returning more than 125%. Come June, however, cracks began forming, and some investors were left holding the bag.

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Department of Labor Re-proposes Conflict of Interest Rule, Schedules Hearings

August 12, 2015 | Retirement Plans

The regulatory environment is an area that Manning & Napier constantly monitors for potential ripple effects on investment objectives. Recently, there has been no shortage of drama as the Department of Labor (DOL) unveiled its conflict-of-interest proposal for public comment.

Vantage » Country in Focus: South Korea

August 07, 2015 | International Markets

South Korea is a country which tends to get bounced back and forth between being thought of as an emerging market or a developed one, depending on who you talk to. In terms of the investment risk profile of the country, we tend to think about it as a developed country, since it has many developed country characteristics.

Shawn Sanderson

Shawn Sanderson

Senior Investment Consultant

Converge, Volume 7: Custom Target Date Fund Perspective

August 06, 2015 | Retirement Plans

Target date fund (TDF) selection and monitoring is becoming more important as the assets held in these funds grow. Within the next decade, assets held by target date funds may surpass $1.5 trillion.

Cindy Lapoff

Cindy Lapoff

Legal and Regulatory Consultant

Converge, Volume 7: Supreme Court Round-Up

August 06, 2015 | Retirement Plans

The Supreme Court’s May 18, 2015 decision on Tibble v. Edison serves as a reminder to fiduciaries of the obligations imposed under ERISA. In June, two additional cases were decided that can have implications for plan sponsors and fiduciaries.

August 2015 Perspective

August 05, 2015 | Market Commentary

The advance estimate of second quarter growth in U.S. real GDP showed that the domestic economy largely shook-off the impact of the cold winter. The Bureau of Economic Analysis’ first approximation showed 2.3% growth on an annualized basis for the April through June period.

Markets & Economy » Where are Interest Rates Headed?

July 29, 2015 | Fixed Income

Today, most market watchers agree that rates are poised to move higher. That being said, the interest rate conversation is also quickly shifting toward what happens after the first policy rate hike. Will the Federal Reserve continue on a path of predictable hikes, or will policy adjustments be sporadic and small?

July 2015 Interest Rate Outlook

July 29, 2015 | Fixed Income

Where are interest rates headed? Anyone following financial markets over the past few years undoubtedly has this question burning in their mind. At this juncture, while debate continues to surround the timing, most market watchers seem to agree that rates are poised to go up.

Vantage » Accounting for the U.S. Consumer’s Gas Savings Windfall

July 23, 2015 | Market Commentary

Personal Consumption Expenditures (PCE) have increased throughout the recovery as incomes have grown and confidence has improved. This needs to be taken into account when analyzing growth in PCE linked to the fall in energy prices in order to avoid confusing growth that would have occurred regardless of the change in energy prices.

Managing Spending Needs in Today’s Low Interest Rate Environment

July 20, 2015 | Wealth Management

For many investors, the need for current income to support spending needs is a primary investment objective. For example, investors that may place a priority on maintaining stability of current income needs include...