Equity-Sector Leadership Can Shift Amid Rising Interest Rates
In an environment in which interest rates have been steadily rising — the 10-year US Treasury yield has moved up almost 75 basis points since its recent low in September 2017 — one question that investors face is the potential effect of this phenomenon on equity sectors. Which sectors might be winners or losers in a rising rate environment?
Know Your ETF
Many investors think of active and passive management as polar opposites, with nothing in common except the markets in which they operate. While this may be a popular notion, we believe it was never technically true. The question is not whether ETFs and other passive strategies are, in fact, managed investments, but rather how — and how much — they are managed.