Scenario Planning: Expectations for Interest Rates
An entire generation of advisors and investors has grown up observing interest rates that only go down and bond prices that only go up. But with potentially volatile interest rates, investors may experience losses in their fixed income portfolios if they don’t adapt to a variety of different scenarios. This guide takes a look at strategies to help investors pursue their financial goals amid changing interest rates.
Elevating the Client Experience
Adopting the latest technologies will put you in a position to provide an outstanding client experience, Explore this paper for strategies that can help you elevate your client experience and ultimately business results. Read the whitepaper.
Loomis Sayles Investment Outlook
We expect the upward trend in rates to continue, but at a fairly slow pace that shouldn’t disrupt risk assets.
Bricks and Clicks: The Changing Nature of Retail
In recent years, the retail industry has experienced major shake-ups in regard to shifting business models, including the increasing popularity of e-commerce. Businesses that rely on revenue exclusively from physical stores—once the all-important showrooms for goods and services—have not only become less relevant, but also less efficient from a cost perspective.
The Risk Contribution of Stocks: Part 3
Part 3 of 3: Most investors tend to believe that stocks are a good—perhaps even the best—investment in the long run. However, the reason for expecting good performance from stocks is perhaps not always clearly articulated: Quite simply, it is because they are risky.
Little Ado About Volatility
Spikes in volatility levels can impact returns on a fund’s portfolio. The relatively low leverage point (1.25X) for Portfolio+ ETFs provide less impact of negative compounding over time for long-term investors.
In pursuit of alpha: Evaluating active and passive strategies
The drivers of alpha can be identified. Here’s how to assess the relative performance of U.S. equity mutual funds and ETFs in a factor-based framework.
The drivers behind client satisfaction, referrals, and business success
Advisors who develop deeper client relationships and become “highly trusted” will enjoy more referrals and greater wallet share. Here’s evidence that high trust correlates with client satisfaction, referrals, and business success.
Growth Through Acquisitions: An Alternative Route
Most advisors don’t see mergers & acquisitions as important parts of their overall growth strategy, but among advisors who have been through the M&A process, 91% agree that the deals have been beneficial to their practice. Learn more about using M&A as a growth strategy for your practice in this new infographic.
Five Transition Tips for Advisors Making a Move
Five key transition tips from advisors who have made the move to a new practice, to ensure the process is seamless for both you and your clients.
Turn Business Benchmarking into Business Growth
Measuring your business performance is the first step. The next step: Dealing with the results. Learn some helpful ways to take action after you benchmark.
Five Steps for Setting Business Goals
Advisors know that building and growing their business requires setting goals. For some, though, setting goals poses considerable challenges. Follow these five steps to set the goals that will help you succeed.
Loomis Sayles FX Trading: Capabilities, Strategies & Solutions
FX trading involves infinite complexities, opportunities and risks. Loomis Sayles breaks down some of the concepts and describes the firm's approach.
The Risk Contribution of Stocks: Part 2
Part 2 of 3: Most investors tend to believe that stocks are a good—perhaps even the best—investment in the long run. However, the reason for expecting good performance from stocks is perhaps not always clearly articulated: Quite simply, it is because they are risky.
2018 Outlook: Room to Run? Or Has the Cycle Hit Its Peak?
2017 brought economic expansion and record markets that were largely unexpected. As we approach the New Year, many are left wondering if that growth will continue, or if our business cycle has hit its peak. In the attached white paper, Brad McMillan, Commonwealth’s chief investment officer, looks at where we currently stand, what will determine the direction of the markets and economy, and where we’re headed in 2018.
Bricks and Clicks: The Changing Nature of Retail
In recent years, the retail industry has experienced major shake-ups, including the increasing popularity of e-commerce. But the rise in e-commerce has not impacted all retail sectors equally. To understand the implications of this shift, we interviewed the portfolio managers of Rothschild Asset Management Inc., subadvisor for Pacific Funds℠ U.S. Equity Funds.
When Active Beats Passive: A White Paper by Baird
While many U.S. investors have shifted their holdings from actively managed accounts to indexed vehicles in an effort to capitalize on recent equity market tailwinds, the relative performance of passive strategies over the past decade doesn't necessarily justify that decision. This white paper from Baird Equity Asset Management explains why.
As Good As It Gets: 2017 Annual Review
With robust economies and strong financial markets heading into 2018, this may be as good as it gets. But that can be taken in two ways — either things have never been better or things will never be better. It is a subtle but important distinction. The first carries an optimistic tone; the other assumes a more pessimistic connotation. Investors are lining up on both sides as they assess the prospects for 2018. This paper reviews market conditions from a variety of angles.
The Risk Contribution of Stocks
Most investors tend to believe that stocks are a good—perhaps even the best—investment in the long run. However, the reason for expecting good performance from stocks is perhaps not always clearly articulated: Quite simply, it is because they are risky. “The Risk Contribution of Stocks” is Part 1 of a 3-part series.
The Importance of Asset Allocation vs Security Selection
Virtually nobody disputes that Asset Allocation has the greatest impact on portfolio performance and yet most Advisor-designed portfolios are dominated by active funds trying to “win” through security selection.
If you want to construct resilient portfolios that can thrive under most market conditions (including periods like the 2008 Global Financial Crisis), it’s time to consider global adaptive asset allocation. We’ve prepared this exclusive whitepaper to explain why. Don’t miss it!
Why NAFTA Negotiations Are Stuck: A Look at Key Issues
NAFTA is facing an existential threat. The US and its global trading partners could be entering uncharted territory.
Is The Best Yet To Come For Equity Investors?
In the current long bull market, many investors are wondering if the stock market can continue its steady rise. Are the markets and global economy “as good as it gets,” or is “the best yet to come” for equity investors? Chautauqua Capital Management explores this question in its recent market update and global outlook.
Sector Teams' Outlook
What’s ahead for major market sectors in 2018? Experts from research, trading and portfolio management at Loomis Sayles weigh in.
2017 Year-End Review
It’s tempting, and quite natural, to want to attribute strong performance in any given year to superhuman work ethic, insight, or talent. The fact is, our superb results this year reflect less on the value of our strategies, and more on the role of luck on short-term investment results. What made 2017 a perfect positive storm for certain multi-asset strategies? And what features make certain multi-asset strategies more likely to prosper in the years ahead? All this and a lot more insights in ReSolve’s 2017 Annual Review
Enhanced Portfolio Diversification: The Power of "&"
Most investors, whether institutional or individual, tend to believe that stocks are a good—perhaps even the best—investment in the long run. However, the reason for expecting good performance from stocks is perhaps not always clearly articulated: Quite simply, it is because they are risky. Investors also tend to believe that investing in alternatives, such as managed futures, necessitates sacrificing some of their stock and/or bond asset allocation. This Insight explains how investors can have both the diversification benefits of managed futures, and their traditional stock/bond portfolio. Thus, the power of “&”.
Pacific Funds Perspectives Annual Outlook
Are low levels of volatility and continued growth sustainable? In this outlook, Pacific Funds investment managers discuss insights, themes, and trends that may shape the market in 2018.
Value, Growth, or Both? A Framework for Allocating to Small-Cap U.S. Equity
While investing solely in a small-cap core strategy can provide a set-it-and-forget-it approach, those who believe in rebalancing or taking tactical views may prefer both small-cap value and small-cap growth strategies.
How to Navigate the Amazon Risk in the Consumer Space
There’s no questioning Amazon's impact on the consumer sector. The market continues to reward the company for its ambition, demonstrated success in taking market share, disruption of traditional business models, and expansion into new verticals and channels. However, this doesn't mean other opportunities don't exist in the consumer space.
In this recent white paper, Baird Equity Asset Management explores what some have dubbed "The Amazon Effect" in the changing consumer sector. Read on for timely insight on the risks and opportunities in today’s markets.
Skis And Bikes: The Untold Story Of Diversification
“The “free lunch” of diversification is that it allows investors to keep more of their money invested in high return assets while lowering the overall risk of the portfolio. Learn how to build explosion resistant, bulletproof portfolios to weather the markets’ most hostile environments. We guarantee you’ve never learned about diversification like this before.
20-Point System Template
Adopt a rainmaking mind-set to boost revenue. Download our free template outlining the 20-point system that can help you stay focused on revenue-generating activities. Learn practical strategies and techniques you can start implementing today to increase referrals, optimize strategic alliances, network more effectively, market to clients and prospects, and hold yourself accountable for your own success!
The Case for International Dividend Quality – Offsetting Home Country Bias with Quality
For decades, dividend income has been a crucial component of a stock investor’s total return, often surpassing capital appreciation in volatile markets for many investors. However, blindly focusing on yield in the international sector could be dangerous to an investment portfolio’s health.
Often, a seemingly generous dividend yield may actually signify a weak share price tied to negative news not yet revealed in the quarterly dividend. This is why we believe investors in international dividend stocks must be confident that the dividend being paid is sustainable over the long term.
The State of High Yield
Does the high yield bond market offer enough value at this point in the credit cycle?
Yes, You Can Eat Sharpe Ratios
Investors are much more likely to achieve their target returns, regardless of investment environment, by investing in diversified portfolios with scaled exposure along the Capital Market Line. We showcase a live case study and describe steps investors can take to achieve very attractive results.
Pricing Your Advisory Business
Take a fresh look at pricing your advisory business. Download our free guide to learn how small changes to your fee structure can have a big impact on your bottom line, protect you against market downturns and withdrawals, and entice clients to consolidate more assets with your firm.
Portfolio Manager Viewpoints
Given relative-value considerations and the potential for a return of volatility, bank loans may serve as a strong complement to other risk factors in an overall diversified portfolio. In this article, Pacific Funds portfolio managers, JP Leasure and Michael Marzouk, discuss the loan market, outlook, and portfolio strategy for the remainder of 2017.
Navigating Risks and Opportunities in the Global Market
Uncertainty abounds in the global marketplace – what are the risks and opportunities, and what is an investor to do in today’s markets? Chautauqua Capital Management discusses how to invest in the current environment.
Preparing for International Growth
For the first time since 2007, the world's major economies are growing in sync. Nowhere in our opinion is that more apparent than in the U.S., which has been driven by continued and increased consumer spending. This has propelled market capitalizations to ever-higher levels for U.S. equities, which are nearing the top of their historical range.
Many investors, we believe, are therefore beginning to look beyond the U.S., in search of additional upside potential. This guide takes a look at three strategies built to help investors pursue their goals and increase their international exposure.
A Decade of Results: The Past, Present, and Future of Schwab Fundamental Index Funds
It’s been 10 years since Charles Schwab Investment Management, Inc. first launched the Schwab Fundamental Index Funds. Fundamental Index strategies were among the first to hit the market within the strategic beta universe.
Investment Outlook: October 2017
Eight years into its run, the global expansion looks poised to continue. What might this mean for asset markets?
Your Business, Your Way
Download our free side-by-side comparison of the five affiliation models that deliver what your business needs at every stage of its evolution. You’ll learn that however you serve your clients, Commonwealth delivers the infrastructure that has you covered.
When Credit Diverges from Equity
It’s a common misconception that credit and equity performance move in tandem. When can divergence occur and how can credit investors prepare?
Fiscal Policy to the Forefront
Pacific Funds portfolio managers discuss the current market environment, fiscal and regulatory policy, and their broad positioning for the second half of 2017.
Risk-Adjusted Income: A Prescription for Yield-Starved Investors
Many income-seeking investors may need a new approach in today's low-yield environment. Loomis Sayles can offer a unique solution.
Agency MBS: Still Attractive for Now
The Fed is withdrawing from the MBS market, but we see a number of positives supporting agency MBS over the next 6 to 12 months.
Pacific Funds Perspectives Mid-Year Outlook
Uncertainty was a major theme in the first half of 2017, which had a pronounced impact on the financial markets. In times like these, it’s important to work with investment managers who are experienced at navigating these markets. Pacific FundsSM investment managers discuss insights, themes, and trends that may shape the market in the remainder of 2017.
Challenges in the ESG Environment
Responsible investing is a topic of increasing interest, particularly among certain profiles of investors. Yet, proposed legislative rollbacks on corporate governance and climate change have roused concerns about the impact on environmental, social and governance (ESG) investing.
We believe, however, that investors have many reasons to remain confident and, while it is always hard to predict how changes will ultimately play out, the future of ESG investing continues to look promising for investors. Our latest investment commentary explains why.
Loomis Sayles' Investment Outlook
Investor confidence in the global outlook for monetary policy, economic growth and inflation has kept risk appetite high and volatility contained. Can it continue?
5 Best Practices for Philanthropists
Your clients look to you for guidance and advice when crafting long-term financial plans. Understanding your clients’ charitable interests and passions can provide a unique opportunity for you to expand your relationship and help create a long-term strategic plan that also impacts their favorite charitable causes. For additional insights on guiding your clients through the development of their charitable plan, Vanguard Charitable has gathered five best practices for philanthropists, drawing on years of experience working with donors and charities.
Sector Performance During the Summer Months
Portfolio Manager Viewpoint - Credit Markets
The post-U.S. presidential election environment has seen a sharp rally in risk assets and economic optimism. In this note, David Weismiller, portfolio manager for Pacific Asset Management’s investment-grade bond strategies, discusses the market environment and current investment positioning.
Making the Trend Your Friend – How Trusted Investment Advisors Sustain 9 Lives
One might say that the most trusted investment advisors have cats’ proverbial nine lives. They are bold explorers, distinguished by their agility and uncommon ability to take on challenges with confidence and poise. And, of course, they always land on their feet. FlexShares presents 9 secular trends we believe are reshaping the investment management industry – and how trusted advisors may leverage these trends to their – and their clients’ – benefit.
Navigating the Investing Complexities of China
After an extremely rapid industrial transformation, China sits at a crossroads that presents both compelling opportunities and significant risks. However, investing success demands a deep understanding of China’s long-term plans, political landscape and key trends. Brian Beitner, Managing Partner of Chautauqua Capital Management, discusses China’s complexities and inherent investment opportunities.
Aluminum: Where the US and China Align
Recent trade actions against Chinese aluminum imports may result in higher tariffs. Ironically, the US and China have their interests aligned in this area.
Four scenarios for China’s economic crossroads
China faces a challenge: balancing short-term stability with long-term sustainability in an economically viable way. To avoid stagnation, it needs strong structural reform. But too much top-down interference could impede growth. Learn which Chinese factors may have an impact on the global economy and financial markets.
The Rise of Fixed Income ETFs
Recent uncertainty has fueled inflows into fixed income assets, despite expected federal interest rate hikes and record-setting growth in equities. But given the “aging of America” and the fact that investors can anticipate longer retirements, we believe demand for fixed income will continue to grow.
However, well-diversified investment in individual bonds can require a great deal of money and time. This white paper discusses challenges on the horizon for fixed income investors, and why fixed income ETFs are among the fastest-growing vehicles in the marketplace.
Loomis Sayles' Investment Outlook
The ongoing economic and profits recoveries mean global risk assets could see modest upside from here.
Climbing the Wall of Optimism
Will markets be able to climb the wall of optimism given the recent surge in consumer and business confidence driven by the policy actions of the new U.S. president's administration? Pacific Funds portfolio managers discuss market sentiment, potential economic growth, and their outlook for the balance of 2017.
Putting a value on value: Quantifying advisor’s alpha
Investor needs change, and so should the resources you use to meet those needs. Learn five ways to quantify the benefits of advisor’s alpha, including the potential for increased client returns and developing your skills as an advisor.
Tune out the noise—expect more modest returns
Discover why 2016’s widespread market predictions were incorrect, how the global economy is shifting toward positive stabilization, and what Vanguard expects from portfolio returns in the next few years.
The Case for Hedging Inflation: Reducing the Fear of Inflation with TIPS
Investors have used U.S. Treasury Inflation Protected Securities (TIPS) since 1997 to seek protection from the threat of inflation. However, attempting to target TIPS duration to match portfolio risk exposure can consume unanticipated time, effort, and fees. This white paper discusses two focused TIPS exchange traded fund strategies that seek near-constant duration exposures despite shifts in inflationary expectations and interest rates.
Down to Business: The Outlook for Stocks in the First 100 Days of the Trump Administration
President Trump’s campaign promises may have important implications for the economy and the stock market. In this Q&A, our U.S. equity investment professionals discuss how the first 100 days of the new administration may impact the market.
2017 Sector Teams' Outlook
We’re modestly optimistic about 2017, but there are a host of unknowns as we become acquainted with our new President Trump, what policies he may pursue, and how they will impact the world body politic. Loomis Sayles' sector teams weigh in on potential opportunities in the year ahead.
Uncertainty was a major theme in 2016, which had a pronounced impact on the financial markets. In times like these, it’s important to work with investment managers who are experienced at navigating these markets. In this outlook, Pacific Funds investment managers discuss insights, themes, and trends that may shape the market in 2017.
Equity Market Review and Outlook: Q4 2016
For the first time in quite a while, Washington could prove to be a source of positive earnings catalysts in the months ahead.
Top Five Macro Themes for 2017
What a difference a few months can make. The world economy now looks to be on sounder footing, with economic data surprising to the upside, developed and emerging market economic momentum improving, global manufacturing recovering and the US profits recession ended.
Under Control: How a Disciplined Approach Can Keep Investors Focused
Investing for the long term is not a new concept, yet an increasingly large body of research suggests that investors are prone to short-term thinking. Although behavioral finance has identified the importance of taking emotion out of investing, for many this is easier said than done. While behavioral modifications can help, we believe that a risk-controlled investment approach can help limit rash decisions, while keeping investors focused on the long term.
Bond Market Review and Outlook - Q4 2016
Markets were in reflation mode during the final weeks of 2016, sending the 10-year US Treasury yield to its highest level in more than two years. While economic indicators have shown modest improvement, most of the rise in yields is built on lofty expectations. In the coming years, we think a strengthening macro backdrop may support modestly higher yields.
Reshuffling the Deck: Industry Impacts of a Trump White House
A Trump White House: Potential Market Impacts of the US Election
Donald Trump’s presidential upset has stunned financial markets, which had heavily discounted a Clinton victory. What might Trump’s policy proposals mean for markets and key components of the US economy going forward?
Managed Futures: How to Diversify with Trend Following
With the Fed poised to raise rates and equities trading close to historical valuation peaks, the prospect of lower returns and higher correlations between asset classes has left many investors seeking sources of return which are not correlated to traditional stock and bond performance.
Trend following is one strategy that has the potential to profit from rising rates without depending upon positive equity market performance, however, allocating to the space does present some unique challenges. In a new whitepaper, CSAM seeks to address key implementation questions regarding allocating to trend following, including why now might be an appropriate time to invest and how to fund and size an allocation.
Equity Market Review and Outlook
We expect equities to continue their slow uptrend into next year.
When does active beat passive in small-cap?
Can the shift to value account for the improved relative results for many small-cap active managers in the last year?
Quarterly Macro Insights: October 2016
Senior Global Economist James Balfour explores some of the key macro themes influencing global markets.
The New Conundrum
How can the Fed uphold a dual mandate while recognizing the interdependence of global policies, economies, and financial conditions? Pacific Funds portfolio managers assess the new conundrum that Federal Reserve Board Chair Janet Yellen is facing and what it means for the remainder of 2016.
Advisor Perspectives featuring Cognios' Thought Leader
Credit Migration: Worse Than You Think, Not as Bad as You Fear
Is This the Endgame for the Current M&A Boom?
A Solutions-Oriented Fund Family
Back to the Future: Revisiting the Scourge of Secular Stagnation
Equity Market Review & Outlook
Quarterly Macro Insights: July 2016
Bond Market Review & Outlook
Take a look inside the minds of modern investors.
Six Ways to Grow AUM with Financial Services Cloud
How to Exceed Client Expectations in Wealth Management
Quarterly Newsletter | Q1 16
The Modernization of Private Equity – Understanding and Implementing Private Equity Today
Managed Futures and CTAs: A Smorgasbord
Actively Managed Exchange-Traded Products at Age Seven
The timeless (and timely) case for high-yield bonds
Unlocking the Credit Cycle
Telemedia's New Reality Show: Cord-Cutting, Shaving and Cord-Nevers
Quarterly Macro Insights: April 2016
Rethinking Investment Returns & How Math Impacts Results
Allocating to “Liquid Alternatives” – The Importance of Correlation
Return on Equity: A Compelling Case for Investors
Understanding Today’s Affluent
The Dividends of a Quality and Growth Factor Approach
The Fed’s Clock Just Struck Thirteen
Managed Futures During Equity “Crises”– An Update
The New Core: Diversification Based Investing
The Best Time to Accumulate Long Credit Bonds May Be Now
A Comeback for Value: Pessimism Paves the Way
The Wild West of 2016
Growth Investing in Times of Market Volatility
Fees at a Crossroads: Adopting an advisory fee model that reflects your true value.
8 Steps Toward a Tech-Savvy Practice
Financial Turning Points: New Money, Old Habits
Diversifying with Alts
The Power of Mid-Caps: Investing in a "Sweet Spot" of the Market
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