Our global fixed income trading team provides valuable insights that inform the positioning in our fixed income portfolios.
The eurozone's post-COVID recovery is set to be slower and more painful than China's.
In the post-COVID landscape, EM local bonds can play an important role in portfolios as a potential income-generating growth asset.
Turbulence for municipals may present opportunities, and we believe that credit research is of increasing importance.
The trends of rising global bond yields and interest rate volatility are likely to continue in fixed income markets.
We believe that portfolio managers who follow a sound, repeatable investment process still can add value for clients.
Investors seeking non-U.S. equity diversification but continued exposure to technology may want to consider emerging markets.
Fed policymakers will not tighten monetary policy until inflation remains above 2% and job gains are robust.
Despite the large divergence in stock performace year-to-date, we have a balanced view between growth and value stocks.
Now could be the time to reassess your plan's capital preservation options and consider stable value.
Valuation gaps appear extreme, and we are seeing opportunities in stocks that have been left behind in the momentum-driven rally.
Lower CLO issuance and slowing loan downgrades, along with some attractive yields, have produced value in certain CLOs.