Separately Managed Accounts

U.S. stocks fell Friday, extending a run of weekly losses into its third straight week, as investors reacted to a handful of disappointing earnings reports and the Federal Reserve’s increasingly aggressive language about future interest rate increases.

When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise.

Seeking resilience. 2022 started with rising interest rates, high inflation and unthinkable violence and human tragedy in Europe.

Preferred securities prices have fallen sharply, presenting an attractive entry point for income-oriented investors who can ride out the volatility.

Here at Absolute Return Partners, our portfolio construction is driven by the six structural megatrends that we have identified.

“Cash Is Trash” is a common theme as of late as inflation rages from the massive monetary interventions of 2020 and 2021.

On August 24, 2021, I presented two attractively valued dividend growth stock portfolios. One portfolio emphasized growth over income, and the other emphasized income over growth.

Quick – where were you 25 years ago?

While the Russia-Ukraine conflict will likely remain uncertain for some time, we believe situations like this require cool heads from an investment perspective.

Preferred securities are a type of investment that generally offers higher yields than traditional fixed income securities, such as U.S. Treasury securities or investment-grade corporate bonds.

The 2022 investment year is now well underway and financial advisors and investors would be well advised to not, as the old saying goes, “fight the tape” of what is shaping up to be a difficult year for the stock market.

The Federal Reserve signaling a shift in monetary policy is causing a shift in the markets that have run hot on many years of stimulus and low rates.

As we examine the municipal bond “board” at the start this new year, it looks to us to be a more challenging one than a year ago. More like chess than checkers. Winning will likely require a more complex, multi-faceted strategy than in 2021.

Market volatility is a given, but that doesn’t make its inevitable appearance any less stressful.

The term direct indexing is somewhat of a misnomer.

This is the 7th in a series of 11 videos where I will cover each of the 11 sectors looking for value.

When reviewing the current state of the global economy and investment markets, we recommend focusing on market signals and weeding out market noise.

Uncertainty has become an ongoing theme in markets, economies, and communities everywhere, and in this environment, PIMCO investment professionals gathered – virtually, once again – for our recent Cyclical Forum.

Long before supply chain issues and soaring consumer prices made the headlines, I warned readers that massive monetary expansion made persistent inflation inevitable.

Rising inflation is troubling bond investors worldwide, but European bond markets will likely experience comparatively weaker inflation pressures and stronger central bank support.

In high yield specifically, investors tend to think about it as a risky way to play fixed income. But we like to turn that thinking on its head, actually: that you should think about it as a way to de-risk your overall portfolio rather than to re-risk your fixed-income side.

BlackRock Portfolio Manager, Russ Koesterich, CFA, JD discusses his preference for the US dollar over a long Treasury hedge in the current markets.

It’s not uncommon for stakeholders in large organizations to have different views on the meaning of ESG and the importance of its pillars in defining organizational success. That’s understandable, and in fact, diverse perspectives can be a source of strength when making investment decisions.

As investors and financial advisors approach the end of 2021 and consider their annual recalibration of portfolio mix for the coming year, they would be prudent to factor in some difficult economic realities that can no longer be ignored–that will alter stock and bond performance into and well past 2022.

This article is relevant to financial professionals who are considering offering Model Portfolios to their clients.

This year marks our seventh annual ESG manager survey. Our survey of active managers assesses the integration of ESG considerations in investment processes among equity, fixed income and private market managers and spotlights firmwide policies, use of data, engagement and integration.

When rates are rising, investors need portfolio protection. But it’s no time to sit idly in cash and wait things out. Every day spent on the sidelines means income and opportunities lost. A passive, set-it-and-forget-it investing approach isn’t ideal either. Buy-and-hold laddered portfolios tend to lock in low yields that disappoint if the market begins to offer more.

We believe the traditional 60/40 portfolio will face significant headwinds in meeting investor objectives as we move through this decade and the next. Against this backdrop, Scott Welch discusses how WisdomTree seeks to challenge the traditional 60/40 approach.

Rising inflation globally raises the question of whether inflation is persistent versus transitory, driving debate among our investment managers. Our Stephen Dover, Head of the Franklin Templeton Investment Institute, recently discussed economic growth, interest rates, and inflation during a roundtable,

Reducing exposure to equities and bonds to accommodate non-correlated assets or alternative strategies may reduce risk, but at the expense of lower potential returns and painful tracking error. We introduce a novel investment concept, accessible to all investors, which is designed to seek higher returns with less risk and low tracking error by using new products which, in combination, can provide more than $1 of exposure for every dollar invested. The proposed solution harnesses the full potential of traditional portfolios plus the opportunity for higher returns and risk reduction from non-correlated investments. We show how to maximize “Return Stacking™” opportunities by choosing alternative fund managers already engaging in capital-efficient strategies.

Three transformative trends will lead the world into a radically different macro environment over the secular horizon. Read our long-term outlook and implications to consider when investing.

We have become famous (or infamous) regarding our views that there is a bubble in long-duration assets. In this report, we investigate what’s causing such widespread bubbles, their potential effects on the overall economy, and the interesting investment opportunities resulting from the bubble’s misallocation of capital.

Investors and financial advisors alike want to understand the fascinating trends that are transforming the investment industry.

Investors are increasingly looking outside developed countries for investment opportunities, but it’s important to remember that not all Emerging Market countries are the same. In this report, we compare the opportunities in China & Brazil.

"Getting older is fine. There is nothing you can do to stop it so you might as well stay on the bus." John Byrne

Inflation remained in check following the global financial crisis for over a decade despite a massive expansion of the Fed’s balance sheet.

With this video, which is the 3rd and final part of a 3-part series, I present 3 dividend growth portfolios that can be built in today’s generally overvalued market.

P is for aligning products to meet each client’s unique goals, circumstances and preferences.

There are many potential advantages to investing in tax-exempt municipal bonds, but not all advisors are aware of additional strategies and investment vehicles that can help them meet muni-focused client needs.

In building a dividend income portfolio, or any portfolio for that matter, you need to approach portfolio construction with common sense and realistic appraisal of your own emotional abilities and tendencies.