After a volatile first quarter, we believe credit sectors like high-yield bonds, floating-rate loans and municipal bonds still offer value. These credit sectors provided positive total returns during the Fed’s last tightening cycle from 2004 – 2007. Credit concerns stem from low economic growth and the advanced stage of the credit cycle; however, in our view, current valuations of below-investment-grade debt more than compensate for the credit risks. We believe active management is particularly important today, given the deep credit stress in sectors such as energy and commodities.
Despite numerous public discussions and debates about the preferences, attitudes and habits of Generation Y (Gen Y, or Millennials), they remain enigmatic for many marketers and businesses. This means that they represent an essential client-pool for financial advisors and a vital target for the future. Read this white paper to find out just how much of an impact the Millennials will have on economic growth and what their perspective is on financial services, savings goals, retirement planning and investment products
Globalization has opened the door to investment opportunities around the world. Unfortunately, many investors choose not to take advantage of them, preferring to invest "closer to home," overweighting their portfolios toward domestic investments.