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Results 2,301–2,350 of 3,303 found.

Senior Floating Rate Loans Provide Income and Value
by Richard Gardiner, Ing-Chea Ang of Neuberger Berman, 3/14/16
While equity volatility at the start of the year prompted handwringing among many investors, one of the most vexing issues in the current environment is in the fixed income market.

On My Radar: The Draghi Bazooka
by Steve Blumenthal of CMG Capital Management Group, 3/14/16
Last week’s mention of the great Art Cashin sent a number of emails my way. The one that touched me most was from Richard who worked for Paine Webber from 1974 to 1987. Back then every broker had a small speaker on his or her desk. We in the industry know it as the “squawk” box.

On My Radar: Stick With the Drill – Stay Wary, Alert and Very, Very Nimble
by Steve Blumenthal of CMG Capital Management Group, 3/9/16
I was in Florida this week attending the 32nd Annual Chicago Board of Options Exchange (CBOE) Risk Management Conference. Attendees were mostly asset managers and larger pension and endowment managers. Several comments stood out to me; particularly the one above from Paul R.T. Johnson, Jr., Board Member of the State University Retirement System. “42% funded?” He added that the good news is that his is the most funded of all the states. Yikes.

Can China Change Its Growth Model?
by Charles Wilson of Thornburg Investment Management, 3/8/16
The transition to consumption-led from investment-driven growth, and the shift away from the one-child policy will help.

2015 Capital Gains: Low Returns Did Not Equal Low Taxes
by Frank Pape of Russell Investments, 3/4/16
Frank Pape discusses 2015 Capital Gains

Mexico's Economic Stewards Take Market By Surprise
by Pablo Echavarria, CFA of Thornburg Investment Management, 3/2/16
Monetary and fiscal measures tighten financial conditions, but the short-term pain bolsters sound economic fundamentals longer-term.

Conviction in Volatile Markets: The Value of Loans Across the Credit Cycle
by Scott Page, Craig Russ, Christopher Remington of Eaton Vance, 3/1/16
The case for loans as a strategic fixed-income allocation has been proven across many credit cycles.

On My Radar: Expect More Money Printing
by Steve Blumenthal of CMG Capital Management Group, 2/29/16
“Time to put 25% to 30% of your wealth in cash.” – Mohammed El-Erian

As Equity Markets Normalize, Alternative Strategies May Be Worth Considering
by Walter Davis of Invesco Blog, 2/29/16
As the equity market normalizes, I believe alternative investments can be helpful to investors. That’s because alternatives have a history of outperforming equities during periods of stock market weakness.

On My Radar: Ray Dalio and Hussman’s Big “W”
by Steve Blumenthal of CMG Capital Management Group, 2/23/16
“If zero or negative interest rates actually fixed what’s broken in the economy, we’d all be living in Paradise after seven years of zero interest rates.” – Charles Hugh Smith

CEF Market Update
by Investius News, 2/22/16
Discount levels present potential opportunity in the currently challenging closed-end fund market, says Allen Webb of RiverNorth Capital Management.

This Time is Different: A Look at the State of Emerging Market Debt
by Charles Wilson of Thornburg Investment Management, 2/22/16
Lessons learned during the Asian financial crisis helped emerging economies properly prepare for today's currency volatility and drive future growth.

Royce Opportunity Fund Review and Outlook
by The Royce Funds, 2/19/16
Portfolio Manager Bill Hench looks at the factors that impacted Royce Opportunity Fund in 2015, and explains why he is optimistic about this broadly diverse, deep value portfolio for 2016.

Asia-Pacific: A Broader Investment Landscape in 2016
by Eric Mogelof of PIMCO, 2/18/16
In the turbulent market environment, five longer-term investment trends stand out for 2016. It has been a turbulent year for Asia’s financial markets. In the following interview, Eric Mogelof, head of Asia-Pacific at PIMCO, puts events in perspective and discusses investment trends in the region for the year ahead.

Common Mistakes Most Investors Make
by Lance Roberts of Real Investment Advice, 2/16/16
Individuals are consistently promised that investing in the financial markets is the only way to financial success. After all, it’s so easy. Financial pundits across the country state the one simply buys a basket of mutual funds and they will make 8, 10 or 12% a year.

On My Radar: What We See Working
by Steve Blumenthal of CMG Capital Management Group, 2/16/16
Let’s begin today with the argument that we are in a long-term “secular” bull market regime and look at a few stats. There have been four secular bull periods dating back to 1921 (1921-1929, 1942-1951, 1982-2000 and 2009-present). Within those four secular bull market periods, there have been eight short-term “cyclical” bear market periods.

China Rings in the New Lunar Year with Disconcerting Headline Numbers and Underlying Strengths
by Charles Roth of Thornburg Investment Management, 2/11/16
Six hundred million alcohol consumers celebrate the year of the Fire Monkey, and baijiu, China's $100 billion spirits industry, will benefit. As the country's "old economy" industries lose steam, its services sector is going gangbusters. Consumption now constitutes two-thirds of China's GDP.

Sustainable and Responsible Investing: Is There a Price to Pay?
by Larry Swedroe, 2/8/16
Consumers can use their market power to demonstrate their aversion to certain business activities by choosing not to purchase goods or use services from companies that, in their minds, are selling immoral products. Similarly, investors can decide not to invest in such companies. But do those investors sacrifice returns relative to a broad-based index fund?

Episodic Volatility
by Jeffrey Saut of Raymond James, 2/8/16
“The year ahead will be one of ‘episodic volatility’ – rather than wildly veering highs and lows – an environment that will create opportunities for astute investors.” . . . Simon Ho, Triple 3 Partners

On My Radar: QE Has Not Worked – Period!
by Steve Blumenthal of CMG Capital Management Group, 2/8/16
U.S. recession signals are intensifying. The QE boost that hasn’t reached Main Street will be taken away from Wall Street in the next recession. I wrote a piece this week for Forbes entitled, U.S. Recession Signals Intensify . The hard reality is we are due (some say overdue) for a recession and evidence suggests the next one is heading our way. Equity market declines are at their worst during recession as you’ll see in the following chart. View the next chart with a stiff drink in hand. To this, as advisors, we must defend!

The Most Dangerous Financial Products
by Michael Edesess, 2/8/16
What would we think of doctors who deliberately hurt patients by prescribing dangerous and unhealthful products in order to make more money? Fortunately, the medical profession is set up in such a way that such things virtually never happen. This is not so in the financial services industry, where hazardous products are routinely sold to unsuspecting consumers.

Crude Oil- Lower for Longer?
by Joseph Hickey of Cleary Gull, 2/8/16
The High Yield market is declining as the magnitude of the capital loss is amplified by the decline in energy prices. Most of the energy debt exposure is held by High Yield mutual funds and Hedge funds, not the banks. This is an important distinction. The High Yield market is designed to withstand a certain level of defaults and restructurings. Potential losses, while painful, should not cause the systemic collapse of the banking system and its ability to extend credit to the U.S economy.

No Place to Hide or No Place to Go?
by Carl Kaufman, Simon Lee, Bradley Kane of Osterweis Capital Management, 2/5/16
2015 was a very frustrating year for investors as there was plenty of volatility, virtually no standouts and quite a few disappointments. Despite relatively steady U.S. economic growth, domestic equities were essentially flat for the year with the exception of some tech and biotech heavy indices. U.S. investment grade bond performance was also essentially flat, while high yield, still under pressure from declining energy and industrial commodity prices, lost money.

China's Retail-driven Equity Market a Wild Ride
by Inbok Song of Thornburg Investment Management, 2/3/16
Household equity market exposure still a small fraction of total household assets. For institutional investors, opportunities in companies benefitting from long-term, structural growth.

On My Radar: The Last Bull Standing
by Steve Blumenthal of CMG Capital Management Group, 2/2/16
Today, I share with you some of my high-level notes from this week’s Inside ETFs Conference in Hollywood, Florida. The forward return theme was consistent, from Vanguard to Wharton Professor Jeremy Siegel: expect low equity and fixed income returns. Jeffrey Gundlach left the audience in a state of depression (well the audience, not Gundlach) and Mark Yusko spoke of likely recession citing poor ISM numbers. This left Prof. Siegel to later say, “It appears I’m the only bull at the conference.”

Today's KYC Rules No Substitution for Know Your Customer
by Francois Sicart of Tocqueville Asset Management, 2/2/16
In his latest piece, Francois Sicart, Founder and Chairman of Tocqueville Asset Management, contrasts current 'Know Your Customer' rules with those that had been practiced for decades, when "stockbrokers were among the most trusted members of their communities."

Weekly Market Summary
by Urban Carmel of The Fat Pitch, 2/1/16
A more than 20% rebound in oil the past 10 days helped equities close higher a second week in a row. Importantly, there were two positive breadth thrusts this week: equities have strong tendency to add to gains over the following weeks. Despite equity's gains, investors remain very bearish, and this is also a tailwind into February. After a powerful move Friday, a giveback early in the week would be unsurprising.

Tokyo Doubles Down
by John Mauldin of Mauldin Economics, 2/1/16
I’ve been busily writing a letter on oil and energy, but in the middle of the process I decided yesterday that I really needed to talk to you about the Bank of Japan’s “surprise” interest-rate move to -0.1%. And I don’t so much want to comment on the factual of the policy move as on what it means for the rest of the world, and especially the US.

The Danger in Emerging Market Debt
by Robert Huebscher, 2/1/16
Most observers saw the recent troubles in the high-yield markets – the gating of the Third Avenue and Stone Lion funds – as a precursor to a junk-bond crisis. Instead, investors should be focusing on a potentially bigger problem, according to Russell Napier. Open-end mutual funds holding emerging-market debt are at risk.

Saved by the Bell
by Jeffrey Saut of Raymond James, 1/28/16
“Saved by the Bell” except in this case we are not referring to the late-1980s TV sitcom that focused on a group of high school teens and their principal, but last Wednesday’s closing bell on the floor of the New York Stock Exchange (NYSE). The day began well enough with the preopening S&P futures only off about 9 points when I slid into my trading turret around 5:30 a.m. From there, however, things got pretty ugly as the D-J Industrial Average (INDU/16093.51) went into a minicrash that would see the senior index shed some 567 points and in the process break below its August 25, 2015 clo

On My Radar: The Central Banks, the Market and Wealth Creation
by Steve Blumenthal of CMG Capital Management Group, 1/28/16
Numerous investor behavior studies have been conducted by researchers, and most come to the same conclusion: individual investors tend to buy and sell at the wrong time. Perhaps it is the “fight or flight” in us that gets in the way. “Thinking deeply” – “Reflecting”. A good friend and advisor client said to me this morning, “This business can be a bi&@h.” I told him I was posting a chart today that may speak to his frustration. Here, I share it with you.

Why Most Equity Mutual Funds Underperform and How to Identify Those that Outperform
by C. Thomas Howard, PhD, 1/26/16
The real culprit for the underperformance of actively managed funds is the structural decisions made by fund companies: asset bloat, closet indexing and over-diversification. These structural inefficiencies can be measured and ranked using a methodology dubbed the Portfolio Drag index. Once understood, it is fairly straightforward to avoid high portfolio-drag funds and reap the value add of skill.

Exit, Voice, and Loyalty
by Adam Jared Apt, 1/26/16
There are some activists who object to the belief that investing entails merely interpreting the economy; their point is to change it. The activists seem, at first glance, to have nothing in common with traditional investors, and to inhabit a separate conceptual world. What follows is an in-depth look at socially responsible investing.

Weekly Market Summary
by Urban Carmel of The Fat Pitch, 1/25/16
Equities fell to their August/September lows this week and then reversed higher. A retest of the low would be normal, something to keep in mind in the event of an uncorrected rise from here. Any number of breadth and sentiment indicators strongly suggest that prices should rise further in the weeks ahead. The risk comes from oil prices, which remain too volatile to predict and which have been highly correlated to equities for several weeks.

The First Eagle Portfolio Management Team on the Trends Driving Global Opportunities
by Robert Huebscher, 1/25/16

First Eagle’s Global Fund (SGENX) is its flagship fund, with over $45 billion in assets. Since inception (1/1/79), it has returned 13.35% annually, versus 9.50% for the MSCI world index. Over the last 15 years, it has been in the top 2% of its peer group. I recently spoke with its managers about the global trends driving opportunities for their fund.

New Year, A New Start for EM? Not Exactly
by Charles Wilson of Thornburg Investment Management, 1/25/16
Emerging markets have tripped out of the gate in 2016, tangled in some of the same concerns that dragged down performance last year. But valuations have now become even more attractive.

Annus Horribilis for MLPs
by David Chiaro of Eagle Global Advisors, 1/25/16
Despite the returns seen recently for MLPs generally, we are very optimistic about the outlook for MLPs in the long-run. Bottom line, we see the demand for midstream services to continue to expand. While we expect the volumes of oil will decline in the coming quarters, we expect the volumes of gas to be produced will still increase. And while oil is in oversupply for the current time, strong demand growth is being spurred by lower prices.

Reduce Drag on Performance through Tax Managed Indexing
by Rey Santodomingo of Parametric, 1/25/16
Tax changes in recent years have hit high-income earners, including investment income. These include an additional Medicare surtax, a new top rate for dividends and long-term capital gains, and the phase out of itemized deductions for affluent taxpayers. It’s increasingly important for advisors to help clients identify strategies to help them invest more tax efficiently.

Comparisons to 2008 Spark Gold’s Fear Trade
by Frank Holmes of U.S. Global Investors, 1/22/16
The comparisons to 2008 have triggered gold’s Fear Trade, with many investors scrambling into safe haven assets. Jeffrey Gundlach, the legendary “bond king,” recently made a call that amid further market turmoil, the metal could spike as much as 30 percent, to $1,400 an ounce.

Colombia Shifts to Keep Its Balance Amid Slide in Oil Prices
by Pablo Echavarria of Thornburg Investment Management, 1/21/16
Accepting short-term fiscal and foreign exchange pain for long-term macroeconomic gains, which may compound with infrastructure investment and possibly peace dividends.

On My Radar: A Cyclical Bear Market (Here’s Why)
by Steve Blumenthal of CMG Capital Management Group, 1/20/16
The speed at which stocks have dropped 10% (defined as a correction) two times in a short period of time has happened just three times in the last 100 years. 1927, 2000 and 2008.

Newsletter - Volume 9, No. 1 - January 2016
by Harold Evensky of Evensky & Katz / Foldes Financial Wealth Management, 1/19/16
A belated Happy and Healthy New Year! Now for this NewsLetter’s musings…

2016: Surprises & Scenarios
by John Mauldin of Mauldin Economics, 1/17/16
Today we’ll look at 2016 forecasts from some professionals I trust. I know most of them personally and have been friends with some of them for years. I know they aren’t just “talking their book.” They may turn out to be wrong, but if so, it will be for the right reasons. After we review the forecasts, we’ll look at some common threads among them, as well as important differences.

What is your Sell Discipline
by Brandon H. VanLandingham of Perissos Private Wealth Management, 1/16/16
When I ask this question, most don’t have anything to say except, “my advisor handles that.” Of course, my next question is, “so, what is your advisor’s sell discipline?” Once I explain the importance of having not only a buy discipline but also a sell discipline, they become intrigued. I will attempt to explain that to you here.

On the Couch
by Howard Marks of Oaktree Capital Management, 1/16/16
I woke up early on Saturday, December 12 – the morning after a day of significant declines in stocks, credit and crude oil – with enough thoughts going through my mind to keep me from going back to sleep. Thus I moved to my desk to start a memo that would pull them together. I knew it might be a long time between inception and eventual issuance, since every time I dealt with one thought, two more popped into my head. In the end, it took a month to get it done.

4Q 2015 Municipal Bond Commentary
by Chris Ryon, Nick Venditti of Thornburg Investment Management, 1/15/16
It finally happened. After waiting for what seemed like an eternity, the Federal Reserve moved the target on short-term interest rates up 25 basis points (0.25%) with indications of future rate increases to come. The market reaction? Unimpressed. All who predicted doom and gloom from an interest rate increase were quickly reminded that while the Fed has some power, the mechanics of supply and demand inevitably determine the value of interest rates.

Four Reasons Why the Bond Market Is Not Headed Toward a Liquidity Crisis
by Tony Wong of Invesco Blog, 1/14/16
Liquidity in fixed income markets has become a major focus of concern inside and outside of the investing community. While the consensus view suggests that US bond markets have become more susceptible to serious shocks, Invesco Fixed Income believes there are four main factors that will help the US avoid a liquidity-induced systemic crisis.

Should Investors Worry About China Selling U.S. Bonds?
by Matthew Pasts of BTS Asset Management, 1/14/16
At BTS we often say investors should increase the level of attention they pay to the price side of bonds, because we believe the risk of principal loss, especially in a low?interest rate environment, is higher than many people realize. It’s important to focus on supply and demand factors as part of that focus on bond prices.

Why Top Mutual Fund Managers Love Municipal Junk Bonds
by Robert Kane of BondView, 1/13/16
Data for municipal bond funds show the so-called smart money investors have big bets on junk-rated bonds despite the worries over Puerto Rico and pension deficits across the U.S. Perhaps fears over pension costs are overblown.

Has Vanguard Added Value as an Active Manager?
by Larry Swedroe, 1/12/16
Passive management was pioneered by Vanguard, and its founder, John Bogle, remains its most outspoken advocate. But the firm also offers actively managed funds. Have they added value relative to its passive counterparts?
Results 2,301–2,350 of 3,303 found.