Markets & Economy

Perspective on what’s trending in the markets and how it impacts investors

Marc Bushallow

Managing Director, Fixed Income

“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. While rates have seen historic lows, they are expected to rise over time. Given the …

Ebrahim Busheri

Director of Investments

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. It was a similar start to this week, with broad U.S. stock indexes down approximately another 3% …

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. After peaking in mid-June, China’s major equity indices had …

Share Buybacks in Today’s U.S. Equities Environment

July 13, 2015 | Investment Themes

S&P 500 companies announced a record $133 billion in share buybacks in April, furthering a trend that has provided support to U.S. equity markets in recent years. The surge in companies buying back their own stock is getting a lot of attention these days. It seems normal for those in the …

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 …

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 …

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 ‘active …

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 …


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