Through the first three quarters of the year, the US municipal market has outperformed the taxable market across the yield curve. The Bloomberg Barclays Municipal Bond Index is down 40 basis points through September,whereas the Aggregate Bond Index is down 1.60%
The U.S. Federal Reserve (the Fed) is settling into a quarterly tightening routine that could see the federal funds rate rise above 3%. Even so, the upside for the U.S. dollar looks limited given its expensive valuation and crowded long positions.
On Wednesday, US stocks fell dramatically, with the Dow Jones Industrial Average falling more than 800 points. The rout was led by technology stocks, with the NASDAQ Composite Index down 316 points, but all sectors experienced losses.
Should investors be overweight to both growth and value? Is it even possible? The stock market is at an interesting point today, currently enjoying one of its longest expansions on record. As history has all-too well demonstrated, though, the good times won’t last forever.
Equities were mostly lower last week, with the S&P 500 Index ending the week down 1%. This is the first time since late June that the S&P 500 has fallen two weeks consecutively.
Domestic equities ended mixed for the month of September, as the S&P 500 finished in positive territory, whereas small cap stocks and even several large cap sectors experienced losses. With the continued upward trend for the S&P 500 Index, September brought new record highs for the index, although small caps ended the month in negative territory.
On the latest edition of Market Week in Review, Russell experts discussed recently released economic data points for China and the U.S., as well as U.S. Federal Reserve (the Fed) Chair Jerome Powell’s remarks on inflation and the state of monetary policy.
Climate change is big news—both bad and good—for long-term investors. The bad news? The longer your time horizon, the more climate change risk is compounding. The good news? In our view, effectively managing your exposure can add alpha and reduce risk in every asset class.
There is evidence that stock picking works in certain markets while not in others. Learn the relevant metrics and how paying attention to them could improve portfolio results.
Perhaps the biggest news of the last week was the meeting of the Federal Open Market Committee (FOMC), the policymaking arm of the US Federal Reserve (Fed). As expected, the Fed raised interest rates. But what was far more interesting were the hints provided about the future.
The value of the U.S. dollar has climbed since April, and its rise has been one of the biggest drivers of asset performance in 2018. The stronger dollar is both a consequence of, and catalyst for, tighter financial conditions.
Social media isn’t just for the millennial crowd and for sharing beach pics. It’s a way to engage with clients, increase your brand awareness, and build your network.
The three themes from our midyear investment outlook still ring true as the fourth quarter of 2018 kicks off: a widening range of growth outcomes, tighter financial conditions and a rising need for portfolio resilience.
Skeptics are starting to question the sustainability of a nearly decade-long bull run in global equities. Are their fears of a “narrow” stock market warranted?
When most investors are asked what they know about Bitcoin, their typical response includes references to money laundering, magical internet money, or a form of currency that is used by criminals. Although all of these may have been largely correct at one point in Bitcoin’s history, today’s environment has changed significantly.
As we round into the final months of 2018, Nuveen’s Global Investment Committee (GIC) and Nuveen’s Solutions team believe that the investment world remains in a “risk on” mode.
Municipal bonds have historically appealed mainly to investors subject to U.S. federal and state income taxes. However, investors not subject to these taxes, such as non-U.S. investors, are showing increasing interest in the asset class.
The desire to structure and manage client portfolios is oftentimes part of the advisor's value proposition. Selecting investments and being responsible for those decisions can be a worthwhile endeavor. But how effective is it in the long run?
A new study suggests that earning wealth through the stock market may be better accomplished by focusing on slow and steady long-term growth, rather than chasing top-tier performance.
Checklists are excellent tools for delivering results and optimizing your team’s time. Stoplists are even better for providing focus and helping your team work smarter. Here’s our list of 10 things to stop doing.
Bank loans are having something of a moment in the sun, or about as close as an obscure asset class can get to one. Earlier this year, the size of the market for these floating rate loans, a form of credit to low-quality issuers, rose to more than $1 trillion.
Join Sophie Antal Gilbert, a Consulting Director at Russell Investments and Jon Eggins a Senior Portfolio Manager for Global Equities at Russell Investments, as they explore some of the potential benefits and challenges of international tax-smart investing.
In this episode of The Bid, Kate discusses how to build resilience into portfolios, why tech still has room to run and why she’s still a champion of emerging markets.
2.5 quintillion bytes of data are generated every day, but IBM estimates that 90% of this data has actually been created in just the past two years. Rich Mathieson discusses how big data is transforming the way we think about investing.
Parents — your kids may have headed back to school, but before you know it, they’ll be heading off to college. Fittingly, September is National College Savings Month, so let’s talk strategy.
Do investors take less risk as they age? Do millennial investors have a higher risk tolerance than the average investor overall? This research paper explores how various demographic groups view risk and how investors' experiences shape their risk tolerance.
Capital gain distributions are something that investors often don’t pay attention to until late in the fourth quarter. But several events are coming together to make the tracking and monitoring of capital gain distributions a year-round exercise.
The behavioral wealth advisor takes a holistic and proactive approach to wealth management, creating a behavioral discipline throughout the client service model. They increase client confidence and minimize behavioral biases while improving retention and acquisition.
The financial services industry is one of the most philanthropic sectors in the modern business world. In the financial advisor community, there are good reasons beyond pure altruism to engage in charitable work. Here are three of them.
We believe that possessing the discipline to stay invested through the ups and downs of the market gives a diversified portfolio the best probability of meeting its goals.
Most investors end up with over-diversified portfolios that are costly and deliver poor performance. The typical asset allocation model and subsequent investment in a group of diversified funds often results in a portfolio of “Global Mush” with literally thousands of tiny positions.
ESG, SRI, and impact investing: A primer for decision-making helps investors establish specific goals, evaluate potential options, and decide on an environmental, social, and governance (ESG) investing approach.
When it comes to active management, believing that active managers generally perform better in certain market segments is a myth, not a reality.
Past performance may not be predictive of future performance but fund manager behavior, in terms of strategy consistency and conviction, is predictive. How do you measure that behavior to find active equity funds with high performance potential?
Noreen Beaman, CEO of Brinker Capital, provides a list of financial lessons helpful for those going off to college for the first time.
In the latest issue of ETF Perspectives, Todd Rosenbluth discusses the differences between similar ETFs and the potential gaps and overlaps that can occur in client portfolios. He also explains how CFRA evaluates ETFs.
With the first half of 2018 now behind us, it’s a great time to trace how managed account programs have fared thus far this year in terms of sales, redemptions, and net flows.
Join Sophie Antal Gilbert, a Consulting Director at Russell Investments and Rob Balkema a Senior Portfolio Manager for Multi-Asset Solutions at Russell Investments, as they explore some approaches for investing in uncertain markets.
When looking to build model strategies—or investment portfolios that target and solve for specific client objectives—we should be conscious of our competencies. We believe it is essential to understand where we lack expertise and need help.
Vanguard Senior Economist Andrew Patterson gives an update on trade tensions, the labor market, interest rates, stock valuations, and expected returns.
How does a proven tactical strategy work when the market signal is driven by behavioral crowds? In this interview, C. Thomas Howard, PhD of AthenaInvest reveals how their global tactical portfolio outperforms with a unique behavioral approach.