Finding Value Globally Across Asset Classes
Jae S. Yoon is the chief investment officer and a portfolio manager at New York Life Investment Management, where he oversees approximately $293 billion in assets. In this interview, he discusses valuations across global asset classes and where he sees the greatest opportunities.
What does the election of Emmanuel Macron mean for Europe?
Former Minister for the Economy, Emmanuel Macron, defeated the populist Euro-skeptic candidate Marine Le Pen. He did this by taking more than 60% of the French Presidential runoff vote.
Advisor Rand Spero of Street Smart Financial in Lexington, Mass., shares his views on the need for sustainable income, particularly among older investors.
Why the Future is Bright for AUM-Based Advisors
Over the past several months, I have been reading Dan Solin’s thought pieces in Advisor Perspectives and believe his gloomy outlook for the planning profession, and, more specifically, for advisors who are compensated via AUM-based fees, is misguided.
The Benefits of Active Municipal Bond Management
Robert DiMella is an executive managing director and co-head of MacKay Municipal Managers team, overseeing approximately $20 billion in municipal bond assets. In this interview, he discusses the opportunities for muni bond investors and the outlook for the coming year.
The Great Reset: How Should We Then Invest?
This letter will cover the philosophical underpinnings of my thinking. I’ll also introduce some investment tools (which I will give you access to through a link later on in the letter) that express that philosophy, but you could also design a different answer that fits your own (or your client’s) portfolio construction.
DOL Throws New Lifeline to Lifetime-Income Solutions
The defined contribution (DC) community has been buzzing about lifetime-income products lately. It’s a topic that’s been dormant for several years, but there are good reasons for renewed interest.
The 5 Costliest Financial Regulations of the Past 20 Years: A Timeline
Last year, the Federal Register—the U.S. government’s depository of rules and regulations—hit an all-time high of 81,640 pages. Among the industries that bear the greatest regulatory oversight is financials, which has seen a disproportionate amount of scrutiny in recent years, especially following the 9/11 attacks and subprime mortgage crisis.
Conference Board Leading Economic Index: Growth in April, All-Time High
The Latest Conference Board Leading Economic Index (LEI) for April increased to 126.9 from 126.5 in March and is currently at an all-time high. The 0.3 percent month-over-month gain matched the increase forecast by Briefing.com.
Weekly Unemployment Claims: Down Yet Another 4K
Today's seasonally adjusted 232K new claims, down 4K from last week's number, was better than the Investing.com forecast of 240K.
Take Action: Five Ideas for DC Plan Sponsors
Active management has the potential to provide diversification, generate income and mitigate the risks of higher inflation and rising rates.
The Big Four Economic Indicators: April Industrial Production Largest Gain in Three Years
Today's report on Industrial Production for April shows a 1.0% change month-over-month (0.98% to two decimal points), which was above the Investing.com consensus of 0.4%. The previous month was revised downward from 0.5 percent to 0.4 percent and revisions were made going back to November. Industrial Production peaked in November 2014, only one point higher than its pre-recession peak in November 2007. The year-over-year change is 2.19 percent, up from last month's YoY increase.
The Two Most Effective Ways to Persuade Prospects
You may think of yourself as an advisor, but I have a different take. You’re really in the business of persuading prospects to retain you. To compound that misconception, advisors make a fundamental mistake about their core business: ignoring the science and the data on effective persuasion.
April 2017 Market Commentary
After stumbling out of the gate, a 2.5% rally in the second half of April left the broad-market S&P 1500 1% higher on the month.