Advisor Top-of-Mind Index Survey
|
|
- Raymond Austin
- 5 years ago
- Views:
Transcription
1 Advisor Top-of-Mind Index Survey Fall 2018 Report Tap into the real-time perspectives of financial advisors. Our "ATOMIX" survey explores the importance of four key issues income, volatility, taxes and growth and tracks trends over time.
2 Generating income Managing volatility Reducing taxes Growing capital Main index trends Advisor Top-of-Mind Index (ATOMIX), Fall 2018 September U.S. bull market dominates The U.S. was the lone bright spot in global equities markets in Q amid new tariffs, a strengthening dollar and weakness in emerging markets. Meanwhile, the Federal Reserve continued to hike interest rates and the 10-year U.S. Treasury note yield rose above the closely watched 3% level. Investors and advisors focused on how higher rates may impact bond portfolios, keeping up with changes in the tax code and where to find growth if the economy slips into recession Income Volatility Growth Baseline= Taxes 2
3 3 ATOMIX Report Fall 2018 Market outlook Advisors seek robust, consistent income and are focused on growing wealth for their clients. What is your outlook for the U.S. stock and bond markets? 54% 34% 12% Stocks Bullish Neutral Bearish Bonds 26% 49% 25% Generating income is the dominant concern for advisors, ranking on the ATOMIX, up 24% from 2018 Growing capital ranked on the ATOMIX, the highest ranking since index inception in April 2014 and a 14% increase since 2018 Advisors are thinking about global opportunities: 26% of advisors are shifting the balance of U.S.-to-global assets to adjust portfolios for rising interest rates 46% of advisors say their interest in in emerging markets is increasing Value is starting to open up in emerging markets in the wake of the sell-off, but there are still numerous technical and fundamental question marks looming. With a challenging macro and technical environment, we expect volatility in the asset class to persist. Investors considering the EM debt market should rely on country-specific due diligence and careful evaluation of risk factors. Eric Stein, CFA Co-Director of Global Income
4 4 ATOMIX Report Fall 2018 Market outlook (cont.) How are you generating income for clients right now? 29% High-yield bond funds 25% Floating-rate loan funds 18% Government bonds 13% Multisector bond funds 11% Muni bond funds 4% Other Short-duration strategies are gaining in popularity: 64% of advisors are allocating to short-duration funds to protect against inflation, a 25% increase from % of advisors are shortening bond-strategy duration due to rising interest rates Floating-rate loans offer an important escape hatch from bonds today, delivering not only the muchneeded higher income, but also the asset class s defining anti-bond properties. They have yields rivaled by few other asset classes, while the absence of bond duration helps to diversify fixed-rate positions. Scott H. Page, CFA Co-Director of Floating-Rate Loans
5 5 ATOMIX Report Fall 2018 Sentiment Sentiment is mixed: Advisors are more confident than their clients. What is the primary motivation of your clients? Advisors describe themselves as confident (39%) and optimistic (32%), but they describe their clients as anxious (44%) and wary (34%) 43% Greed 57% Fear Volatility remains a concern and ticked up slightly from to on the ATOMIX 60% expect volatility to increase in the next 6 months 59% believe tariff-related actions from the U.S. and other countries will have an impact on market volatility 65% say midterm elections will have an effect on investment portfolios Several factors are driving market volatility. Geopolitical issues and/or conflicts 28% U.S. political environment 26% Fed's decisions on interest rates 22% Expectations for global growth 14% Pace of U.S. economic growth 10% Investors have adapted to higher volatility this year after an incredibly quiet A healthy dose of skepticism is appropriate, particularly with so many crosscurrents like global trade, inflation, interest rates and elections. Every market environment creates winners and losers, and this one is no different. We believe volatility will remain elevated and active selection and diversification may offer the best defense for investors. Yana S. Barton, CFA Portfolio Manager, Growth Equity
6 6 ATOMIX Report Fall 2018 Tax management Reform prompted renewed interest in effective tax management Most advisors believe municipal investments are effective tax management tools, but differ in their approach. 12% Don t use munis 35% Use laddered muni strategies 26% Allocate to muni funds or SMAs 27% Select individual bonds Advisors are extremely focused on tax management, which ranked on the ATOMIX, a 28% increase since 64% are making portfolio changes due to tax reform- 62% believe their practice will benefit from tax reform 56% say tax reform will continue to drive positive economic developments 54% report their clients will benefit from tax reform in the next year As short-term rates move higher and the Treasury yield curve flattens, many investors are thinking about how to earn income while also protecting themselves against rising rates. Municipal floating-rate notes, an often-overlooked part of the market, may be an attractive option for investors seeking tax-free income in a rising rate environment. Adam A. Weigold, CFA Senior Municipal Portfolio Manager
7 7 ATOMIX Report Fall 2018 Responsible investing Interest in responsible investing is growing, driving new business for advisors. How many of your clients have expressed interest in responsible investing? 16% None 17% All 35% Some 32% Most 60% of advisors say client interest has been consistent over the last six months; 35% said interest is increasing 44% report it is an important part of their practices, up from 31% in % believe that responsible investing has a long way to go before it comes mainstream, despite increased client interest 56% say that responsible investing is driving new business to their practices 35% report being very well informed about ESG and responsible investing strategies 54% admit they don t understand the connection between ESG performance and financial performance Financial materiality is the key to effective, impactful ESG research. Data show that firms that optimize their ESG practices tend to be rewarded for their efforts, along with their shareholders. Jessica Milano Director of ESG Research, Calvert Research and Management
8 8 ATOMIX Report Fall 2018 This material is for informational and illustrative purposes only. It does not constitute investment advice, a recommendation to buy or sell any particular securities or to adopt any particular investment strategy. Investing involves risk and you may incur a profit or a loss. The views expressed are those of the author and survey participants, only current through the date stated on the cover of this report. These views are subject to change at any time based upon market or other conditions, and Eaton Vance disclaims any responsibility to update such views. These views may not be relied upon as investment advice and, because investment decisions for Eaton Vance are based on many factors, may not be relied upon as an indication of trading intent on behalf of any Eaton Vance fund. This report may contain statements that are not historical facts, referred to as forward-looking statements. Future results may differ significantly from those stated in forward-looking statements, depending on factors such as changes in securities or financial markets or general economic conditions. About Eaton Vance Eaton Vance (NYSE: EV) is a leading global asset manager whose history dates to With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $459.8 billion in assets as of September 30, 2018, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company s long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today s most discerning investors. For more information about Eaton Vance, visit eatonvance.com. About Calvert Research and Managaement Calvert Research and Management is a leader in Responsible Investing, with approximately $15.3 billion of mutual fund and separate account assets under management as of September 30, The company traces its roots to Calvert Investments, which was founded in 1976 and in 1982 became the first fund family to launch a mutual fund to avoid investment in companies doing business in apartheid-era South Africa. Today, the Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed U.S. and international equity, fixed and floating-rate income, and multi-asset strategies. Calvert Research and Management is a wholly owned subsidiary of Eaton Vance. For more information, visit calvert.com. ATOMIX Methodology The Advisor Top-of-Mind Index (ATOMIX) was calculated based on the findings of a survey of 618 financial advisors from a diverse group of companies. Eaton Vance contracted with a third party to conduct the online survey from August 20, 2018 September 7, The Advisor Top-of-Mind Index uses a similar methodology as the U.S. Consumer Confidence Index* (which has no affiliation with Eaton Vance) in that it calculates a weighted average of current perceptions (40% of the Index) and what advisors think about the trends (60% of the Index). The Index set a baseline average of 100 for April Each component measured is tracked quarterly to illustrate changes in advisor perceptions and changes in trends over time. Future surveys will sample different financial advisors and may produce different results. *The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The Consumer Confidence Index was started in 1967 and is benchmarked to 1985=100. The Index is calculated each month on the basis of a household survey of consumers opinions on current conditions and future expectations of the economy. Opinions on current conditions make up 40% of the Index, with expectations of future conditions comprising the remaining 60%. Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of a mutual fund. This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing. Advanced Investing 2018 Eaton Vance Distributors, Inc. Member FINRA/SIPC Two International Place, Boston, MA eatonvance.com Not FDIC Insured Not Bank Guaranteed May Lose Value
Advisor Top-of-Mind Index Survey Q Report
Advisor Top-of-Mind Index Survey Q4 2017 Report Tap into the real-time perspectives of 1,000 financial advisors. Our quarterly "ATOMIX" survey explores the importance of four key issues income, volatility,
More informationWhy fight the Fed and the market? The case for loans as rates rise.
EATON VANCE APRIL 2018 TIMELY THINKING Why fight the Fed and the market? The case for loans as rates rise. SUMMARY The recent federal tax cuts and budget agreement represent major stimulative fiscal measures,
More informationTake an Opportunistic Approach to the Municipal Market
SUMMARY Take an Opportunistic Approach to the Municipal Market June 16, 2015 by Adam Weigold of Eaton Vance The municipal bond market is dramatically different since 2008 due to structural changes, low
More informationHigh-Yield Bonds: Equity-Like Returns Without Equity-Like Volatility
High-Yield Bonds: Equity-Like Returns Without Equity-Like Volatility April 4, 2015 by Michael Weilheimer, Steve Concannon, Will Reardon of Eaton Vance A timeless (and timely) case for high-yield bonds
More informationHow are you adapting to a changing muni landscape?
EATON VANCE FEBRUARY 2018 CORNERSTONES OF TAX-SMART INVESTING How are you adapting to a changing muni landscape? A professionally managed, laddered approach to municipal bonds may make sense now. SUMMARY
More informationEstimated year-end distributions
Estimates as of 9/30/17. % Ex- Atlanta Capital Focused Growth Fund 0.00-0.00 0.00% - 0.00% 0.22-0.32 1.58% - 2.31% 3.83-4.13 27.87% - 30.06% 12/4/17 12/5/17 12/6/17 Global Macro Absolute Return Advantage
More informationCalvert Mid Cap Fund 1
Q2 2018 INVESTMENT COMMENTARY Calvert Mid Cap Fund 1 A:CCAFX C:CCACX I:CCPIX The Fund invests primarily in mid cap, U.S. stocks whose market capitalization falls within the range of the Russell Midcap
More informationCalvert Global Energy Solutions Fund
CGAEX CAEIX Q4 2018 Calvert Global Energy Solutions Fund Your Portfolio Management Team Calvert Research (Advisor) Christopher Madden, CFA 2016 Jade Huang 2016 Thomas Seto 2016 Calvert s Approach to Responsible
More informationWhy global currency investing still makes sense
Why global currency investing still makes sense February 4, 2015 by Michael A. Cirami, Eric Stein, John R. Baur, Matthew F. Murphy, Jr., Bradford Godfrey of Eaton Vance Why global currency investing still
More informationActive M Emerging Markets Equity Fund (NMMEX) (Formerly known as Multi-Manager Emerging Markets Equity Fund)
NORTHERN FUNDS Active M Emerging Markets Equity Fund (NMMEX) (Formerly known as Multi-Manager Emerging Markets Equity Fund) 2Q 2018 Performance Review June 30, 2018 Please carefully read the prospectus
More informationEaton Vance Laddered Investing
Eaton Vance Laddered Investing Core exposure to the municipal and corporate bond markets Partner with Eaton Vance for: Customizable, professionally managed portfolios for municipal and corporate bonds.
More informationEaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2018
News Release Contacts: Laurie G. Hylton 617.672.8527 Eric Senay 617.672.6744 Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2018 Boston, MA, November 27, 2018 Eaton Vance
More informationDonor Advised Funds Average Annual Performance
Donor Advised Funds Average Annual as of March 31, 2018 Allocation Inception* DAF GROWTH FUND TRADITIONAL IV 4/3/00 0.04 0.04 13.95 7.37 9.36 5.77 0.85 Blended Benchmark: Growth -0.86-0.86 14.42 9.46 11.25
More informationEaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2016
News Release Contacts: Laurie G. Hylton 617.672.8527 Daniel C. Cataldo 617.672.8952 Eaton Vance Corp. Report for the Three Months and Fiscal Year Ended October 31, 2016 Boston, MA, November 22, 2016 Eaton
More informationWhy We re Still Bullish on the Markets
Why We re Still Bullish on the Markets Following an usual period of calm in 2017, market volatility returned with a vengeance at the start of this year, prompting concerns that the second longest bull
More informationEaton Vance Global Macro Absolute Return Funds
Monthly Review March 208 Eaton Vance Funds Market Update Markets across the world were mixed throughout the month of March as global equities experienced negative performance while global bond markets
More informationMunicipal bonds in 2016: Stay the course
TAXES EATON VANCE Seeking tax-efficient income and equity JANUARY 2016 TIMELY THINKING Municipal bonds in 2016: Stay the course After two years of outperformance, what s next for muni bonds? SUMMARY Municipal
More informationWells Fargo Target Date CITs E3
All information is as of 12-31-17 unless otherwise indicated. Overview General fund information Fund sponsor and manager: Wells Fargo Bank, N.A. Fund advisor: Wells Capital Management Inc. Portfolio manager:
More informationNVIT Investor Destinations Funds
NVIT Investor Destinations Funds Nationwide VIT Quarterly Asset class: Allocation Share class Class II Strategy Overview The NVIT Investor Destinations Funds (NVIT ID Funds) consist of seven risk-based
More informationWealth Strategies Monitor
Blend Strategies MUTUAL FUNDS Wealth Strategies Monitor Third Quarter 2011 Highlights Stocks fell sharply as fundamentals were overwhelmed by risk aversion amid doubts about the global economy and Europe
More informationEATON VANCE. Annual Report
EATON VANCE Annual Report In 2017, Eaton Vance became the presenting sponsor of the Boston Pops Fireworks Spectacular. Photo: Jay Connor. 1 To Shareholders and Friends of Eaton Vance: The cover of this
More informationBy: Craig Sedmak. why: tend to be available.
LADDER INSIGHTS: 7 REASONS WHY INSTITUTIONAL INVESTORS SHOULD CONSIDER CMBS IN TODAY S RISING RATE ENVIRONMENT By: Craig Sedmak Managing Director, Ladder Capital Asset Management Portfolio Manager, Ladder
More informationEaton Vance Floating-Rate Advantage Fund. Annual Report October 31, 2017
Eaton Vance Floating-Rate Advantage Fund Annual Report Commodity Futures Trading Commission Registration. Effective December 31, 2012, the Commodity Futures Trading Commission ( CFTC ) adopted certain
More informationWells Fargo Target Date Funds
All information is as of 9-30-17 unless otherwise indicated. Overview General fund information Portfolio managers: Kandarp Acharya, CFA, FRM; Christian Chan, CFA; and Petros Bocray, CFA, FRM Subadvisor:
More informationCalvert Emerging Markets Equity Fund
Q2 2018 INVESTMENT COMMENTARY Calvert Emerging Markets Equity Fund A:CVMAX C:CVMCX I:CVMIX R:CVMRX The Fund normally invests at least 80% of its assets in equity securities of companies located in emerging
More informationCash Management Portfolios
September 30, 2018 Portfolio Manager Commentary Cash Management Portfolios Chief Investment Officer Jim Palmer What market conditions had a direct impact on the bond market this quarter? Positive economic
More informationEric C. Elbell, CFA, CAIA Area Senior Vice President. Kyongdo Min, CPA, CFA Area Vice President. April 11, 2018
Eric C. Elbell, CFA, CAIA Area Senior Vice President Kyongdo Min, CPA, CFA Area Vice President April 11, 2018 Agenda We will address three key topics: Headline events that impacted markets during the quarter
More informationShort exposure to US equities, used as a risk hedge. Exposure to commodities
Portfolio performance The Fund is designed to serve as a Third Pillar strategy, aiming to provide a diversified return stream versus traditional stock/bond-centric approaches. In seeking a long-term real
More informationGlobal ETF Portfolios
The Leaders In Pactive Management Richard Bernstein Advisors Global ETF Portfolios Richard Bernstein Advisors The Leaders In Pactive Management It is startling that so many investors focus on short-term
More informationCyclical Asset Allocation Quarterly
Global Investment Strategy Cyclical Asset Allocation Quarterly April 2, 2018 Our cyclical asset allocation process is based on a rolling three-year outlook which means that the Global Investment Strategy
More informationPortfolio Select Series. Portfolio Review First Quarter 2017
Portfolio Select Series Portfolio Review First Quarter 2017 Q1 Q4 3 Select Income Managed Portfolio 6 Select 80i20e Managed Portfolio 10 Select 70i30e Managed Portfolio 14 Select 60i40e Managed Portfolio
More informationCalvert Global Energy Solutions Fund
Q3 2017 INVESTMENT COMMENTARY Calvert Global Energy Solutions Fund MARKET OVERVIEW A:CGAEX C:CGACX I:CAEIX Y:CGAYX The Fund employs a passive management strategy designed to track, as closely as possible,
More informationMuni Bond Update: Improved Finances Drive Strong Quarter
On Our Website: www.alliancebernstein.com Posted August 5 Muni Bond Update: Improved Finances Drive Strong Quarter By David Dowden, Senior Portfolio Manager, and Terrance T. Hults, Senior Portfolio Manager
More informationEconomic and Market Outlook
Economic and Market Outlook Third Quarter 2018 Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value Past performance is no guarantee of future results. Financial term and index definitions
More informationPioneer Multi-Asset Ultrashort Income Fund
Pioneer Multi-Asset Ultrashort Income Fund Performance Analysis & Commentary December 2017 COMMENTARY Fund Ticker Symbol: MAFRX (Class A); MYFRX (Class Y) amundipioneer.com Fourth Quarter Review The Fund
More informationActive Fixed Income Management ADDING VALUE WITH ACTIVELY MANAGED BOND PORTFOLIOS
PRICE PERSPECTIVE September 017 In-depth analysis and insights to inform your decision-making. Active Fixed Income Management ADDING VALUE WITH LY MANAGED BOND PORTFOLIOS EXECUTIVE SUMMARY Although actively
More informationSmart beta: 2017 global survey findings from asset owners
Smart beta: 2017 global survey findings from asset owners ftserussell.com [ Page intentionally left blank ] Contents 5 Introduction 6 Summary of key themes 8 Survey background 11 Section 1: Smart beta
More informationHow Fund Managers Are Positioned
How Fund Managers Are Positioned March 23, 2018 by Urban Carmel of The Fat Pitch Summary: Fund managers came into 2018 very bullish equities. Cash levels had fallen to the lowest level in 4 years. Allocations
More informationGive wisely. Create a lasting legacy.
Give wisely. Create a lasting legacy. The U.S. Charitable Gift Trust c/o Renaissance Administration LLC, 8910 Purdue Road, Suite 500, Indianapolis, IN 46268 Embrace the joy of giving Each year, individuals
More informationInvesco expanding suite of liquid alternatives with new mutual funds
Press Release For immediate release Invesco expanding suite of liquid alternatives with new mutual funds Delivering innovative alternative strategies to the retail marketplace backed by 30 years of experience
More informationAMP Business Superannuation Fund Fact Sheet
AMP Business Superannuation Fund Fact Sheet 30 September 2014 AMP Business Superannuation provides extensive investor choice and flexibility. It offers access to a comprehensive range of investment portfolios.
More informationYIELD HUNGRY INVESTORS HEAD TO OZ
YIELD HUNGRY INVESTORS HEAD TO OZ Sponsored by: SPONSORED CONTENT YIELD HUNGRY INVESTORS HEAD TO OZ Asiamoney and National Australia Bank s latest poll on Asian and European investors appetite for Australian
More informationCalvert Asset Allocation Funds
Q3 2017 INVESTMENT COMMENTARY Calvert Asset Allocation Funds Calvert s Asset Allocation Funds provide a convenient, one-step approach to investment diversification that incorporates environmental, social,
More informationCurrency hedging in the emerging markets: All pain, no gain
FEBRUARY 2017 TIMELY THINKING Currency hedging in the emerging markets: All pain, no gain Investors in foreign equities are exposed to potential risks from both the movement of securities prices and currency
More informationFrom the Hill to the Street: An insider s perspective. Not FDIC Insured Not Bank Guaranteed May Lose Value
From the Hill to the Street: An insider s perspective Not FDIC Insured Not Bank Guaranteed May Lose Value Eaton Vance Investment Managers From the Hill to the Street An Insiders Perspective Sponsored by:
More informationFed Delivers Another December Rate Hike
Fed Delivers Another December Rate Hike December 14, 2017 by Chris Molumphy of Franklin Templeton Investments The US Federal Reserve delivered another interest-rate hike at its December monetary policy
More informationFEIT Fund. Portfolio SummaryReport October 31, 2018
FEIT Fund Portfolio SummaryReport October 31, 2018 Economic Highlights U.S. equities had a great quarter, registering the best returns in nearly five years, as the S&P 500 (S&P) rose more than 7% and hit
More informationOppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2017 Earnings and Announces Quarterly Dividend
Oppenheimer Holdings Inc. Reports Fourth Quarter and Full Year 2017 Earnings and Announces Quarterly Dividend New York, February 1, 2018 Oppenheimer Holdings Inc. (NYSE: OPY) today reported net income
More informationWhy is Investor Confidence Lagging?
Veronica Willis Investment Strategy Analyst WEEKLY GUIDANCE ON ECONOMIC AND GEOPOLITICAL EVENTS Why is Investor Confidence Lagging? July 3, 2018 Key takeaways» Typically, late in the economic cycle, we
More informationInvestment Perspectives. From The Global Investment Committee
Investment Perspectives From The Global Investment Committee Global Risk Aversion Reached Extreme Levels Morgan Stanley Standardized Global Risk Demand Index As of October 15, 2014 Complacent Extreme Fear
More informationPACIFIC FUNDS SM DIVERSIFIED ALTERNATIVES
PACIFIC FUNDS SM DIVERSIFIED ALTERNATIVES AN ALTERNATIVE ASSET CLASS SOLUTION AS OF 12/31/17 MFC0769-1217 DIVERSIFY TO HELP MANAGE MARKET VOLATILITY AND GENERATE SMOOTHER RETURNS Many investors are looking
More informationInvestors have turned to alternative classes in search of growth. However, Small Caps A Class of Their Own? Appian Asset Management White Paper
Page 1 Appian Asset Management White Paper Small Caps A Class of Their Own? John Mattimoe 12.12.2016 Fund Manager Appian Small Companies Opportunities Fund We are in an era of modest investment returns.
More informationChanging interest rates THE IMPACT ON YOUR PORTFOLIO
Changing interest rates THE IMPACT ON YOUR PORTFOLIO PGIM Investments helping investors participate in global market opportunities At PGIM Investments, we consider it a great privilege and responsibility
More informationMacro Monthly UBS Asset Management June 2018
Macro Monthly UBS Asset Management June 18 Investing in a mature cycle Erin Browne Head of Asset Allocation Evan Brown, CFA Director, Asset Allocation Roland Czerniawski, CFA Associate Director, Asset
More informationHow are the funds diversified among asset classes and sectors?
Asset Manager Funds with Geoff Stein 8/15/11 Not approved by Legal VIDEO TITLE A conversation about Asset Manager Funds with Geoff Stein, Portfolio Manager Tell us a little about the Asset Manager Funds.
More informationInsights. Losing Religion?
The Leaders In Pactive Management Losing Religion? Richard Bernstein, Chief Executive and Chief Investment Officer Richard Bernstein Advisors Richard Bernstein Advisors LLC (RBA) is an independent investment
More informationEconomic and Market Outlook
Economic and Market Outlook Fourth Quarter 2018 Investment Products: Not FDIC Insured No Bank Guarantee May Lose Value Past performance is no guarantee of future results. Financial term and index definitions
More informationOverall M&A Market Commentary
Overall M&A Market Commentary The U.S. economy continues to show strong momentum with 2Q18 GDP growth recorded at 4.2%. The Blue Chip consensus estimate for 3Q18 GDP growth of 3.3% and the Atlanta Fed
More informationforward PERSPECTIVES The Next Chapter: Lower Returns and Higher Volatility Bruce Cooper, CFA TD Asset Management Ken Miner, CFA TD Asset Management
forward PERSPECTIVES The Next Chapter: Lower Returns and Higher Volatility Bruce Cooper, CFA TD Asset Management Ken Miner, CFA TD Asset Management December 2014 The Next Chapter: Lower Returns and Higher
More informationSelect 60i40e Managed Portfolio. Portfolio Review Fourth Quarter 2017
Select 60i40e Managed Portfolio Portfolio Review Fourth Quarter 2017 Q4 Portfolio Review Fourth Quarter 2017 as at December 31, 2017 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years
More informationBONDS MAY FEEL CONTINUED PRESSURE
LPL RESEARCH B O N D MARKET PERSPECTIVES July 17 2018 BONDS MAY FEEL CONTINUED PRESSURE John Lynch Chief Investment Strategist, LPL Financial Colin Allen, CFA Assistant Vice President, LPL Financial KEY
More informationNo one ever grew wealth being scared
No one ever grew wealth being scared Richard Bernstein Chief Executive and Chief Investment Officer, Richard Bernstein Advisors LLC. Sub-Advisor to the Redwood Global Equity Strategy Class There is an
More informationPutnam Stable Value Fund
Product profile Q2 2017 Putnam Stable Value Fund Fund inception date February 28, 1991 Total portfolio assets $6.1B Total strategy assets $6.6B Putnam Stable as of June 30, 2017 Value Weighted average
More informationPreparing for Rising Medical Costs in Retirement
Preparing for Rising Medical Costs in Retirement - 2016 April 8, 2016 by Andrew Friedman, Jeff Bush of Eaton Vance SUMMARY The Affordable Care Act (commonly known as the ACA or Obamacare ) has had a significant
More informationPioneer High Yield Fund
Pioneer High Yield Fund COMMENTARY Performance Analysis & Commentary September 2017 Fund Ticker Symbols: TAHYX (Class A); TYHYX (Class Y) amundipioneer.com Third Quarter Review The Fund s Class A shares
More informationPortfolio Series Balanced Fund. Portfolio Review Fourth Quarter 2017
Portfolio Review Fourth Quarter 2017 Q4 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception (November 1988) -0.6% 2.8% 3.3% 7.5% 6.2% 9.2% 6.0% 5.9%
More informationActive Management IN AN UNCERTAIN FINANCIAL ENVIRONMENT, ADDING VALUE VIA ACTIVE BOND MANAGEMENT
PRICE PERSPECTIVE September 2016 In-depth analysis and insights to inform your decision-making. Active Management IN AN UNCERTAIN FINANCIAL ENVIRONMENT, ADDING VALUE VIA ACTIVE BOND MANAGEMENT EXECUTIVE
More informationSemiannual Report December 31, 2017
PIMCO ETF Trust Semiannual Report December 31, 2017 Index Exchange-Traded Funds PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
More informationCelebrating Eight Years of Absolute Return How our Absolute Return portfolio has fared
For Financial Advisor Use Only Celebrating Eight Years of Absolute Return How our Absolute Return portfolio has fared Venus Phillips Investment Manager Morningstar Investment Services Morningstar Investment
More informationFriends Provident International Portfolio Strategy
Friends Provident International Portfolio Strategy January 2018 Investment Objective To obtain long-term growth through an actively-managed diversified portfolio that may invest in equities, real estate,
More information2017 Outlook. Turning insight to action
2017 Outlook Turning insight to action INSIGHT Regime change in progress... It s a statement that seems particularly resonant today as a new presidential administration looms and markets shake off a number
More informationPortfolio Series Conservative Balanced Fund. Portfolio Review Fourth Quarter 2017
Portfolio Review Fourth Quarter 2017 Q4 Portfolio Review Fourth Quarter 2017 as at December 31, 2017 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception
More informationLPL RESEARCH AT A GLANCE WHO WE ARE WHAT WE DO MEMBER FINRA/SIPC
LPL RESEARCH WHO WE ARE WHAT WE DO AT A GLANCE MEMBER FINRA/SIPC 1 ADVISOR S TRUSTED PARTNER LPL Research is your advisor s trusted partner. Our mission is simple: Provide independent and objective investment
More informationUsing Exchange Traded Funds
Using Exchange Traded Funds The unique attributes and benefits of ETFs appeal to both institutional and individual investors. Typically structured like mutual funds, but listed and traded on an exchange
More informationManaged Futures Strategy Fund
Visit longboardfunds.com Call us at 800.290.8319 ASSETS AS OF MARCH 31, 2018 $420,163,021 Managed Futures Strategy Fund Monthly Portfolio Update & Commentary March 2018 The Longboard Managed Futures Strategy
More informationPioneer Floating Rate Fund
Pioneer Floating Rate Fund COMMENTARY Performance Analysis & Commentary December 2017 Fund Ticker Symbols: FLARX (Class A); FLYRX (Class Y) amundipioneer.com Fourth Quarter Review The Fund s Class A shares
More informationRabidly Risk Averse. July 13, 2016 by Richard Bernstein of Richard Bernstein Advisors
Rabidly Risk Averse July 13, 2016 by Richard Bernstein of Richard Bernstein Advisors 1999 was a very unique period. There was an overwhelming consensus that the new economy was a permanent investment theme
More informationE*TRADE STUDY REVEALS BULLISH SENTIMENT COOLS AMID POSITIVE ECONOMIC INDICATORS
FOR IMMEDIATE RELEASE E*TRADE Media Relations 646-521-4418 mediainq@etrade.com E*TRADE Investor Relations 646-521-4406 IR@etrade.com E*TRADE STUDY REVEALS BULLISH SENTIMENT COOLS AMID POSITIVE ECONOMIC
More informationMonthly Perspectives. From the Global Investment Committee October 2014
Monthly Perspectives From the Global Investment Committee October 2014 Global Risk Aversion Reached Extreme Levels Morgan Stanley Standardized Global Risk Demand Index As of October 15, 2014 Complacent
More informationInvest for income with flexibility in changing markets
Invest for income with flexibility in changing markets Q3 17 Putnam multi-sector income funds Diverse opportunities. Flexible risk allocations. Bottom-up approach. An active approach can seek to reduce
More informationInvestment Solutions Guide
Investment Solutions Guide BNY Mellon s Advisors, Inc. () discretionary managed portfolios include traditional and objective-based wrap accounts that primarily use mutual funds/exchange-traded funds (ETFs),
More information2018 MID YEAR OUTLOOK
2018 MID YEAR OUTLOOK MAIN THEMES Reflection Outlook Top of Mind REFLECTION SYNTRINSIC INVESTMENT COMMITTEE Syntrinsic s internal Investment Committee collaboratively evaluates economic data, forecasts
More informationTHAT SURE FELT LIKE A BEAR
LPL RESEARCH WEEKLY MARKET COMMENTARY December 31 2018 THAT SURE FELT LIKE A BEAR John Lynch Chief Investment Strategist, LPL Financial Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial Ryan Detrick,
More informationPACIFIC SELECT FUND PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO
PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO Quarterly Profile - As of September 30, 2018 INVESTMENT GOAL: Seeks current income and preservation of capital INVESTOR PROFILE: Clients who are looking for
More informationWHY IS THIS HIKING CYCLE DIFFERENT FROM ALL OTHER HIKING CYCLES?
06 April 2017 By David Ader, Chief Macro Strategist for Informa Financial Intelligence Ader s musings. Let me start with the reality that the FOMC minutes for the March meeting didn t do much to stir the
More informationBUILDING STRONGER PORTFOLIOS WITH MULTI-ASSET SOLUTIONS
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE BUILDING STRONGER PORTFOLIOS WITH MULTI-ASSET SOLUTIONS Leveraging the best ideas of J.P. Morgan Stronger portfolios for better client results It takes
More informationPACIFIC SELECT FUND PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO
PORTFOLIO OPTIMIZATION CONSERVATIVE PORTFOLIO Quarterly Profile - As of December 31, 2017 INVESTMENT GOAL: Seeks current income and preservation of capital INVESTOR PROFILE: Clients who are looking for
More informationANOTHER TOUGH WEEK COMMENTARY REASSURANCE KEY TAKEAWAYS LPL RESEARCH WEEKLY MARKET. October
LPL RESEARCH WEEKLY MARKET COMMENTARY October 29 2018 ANOTHER TOUGH WEEK John Lynch Chief Investment Strategist, LPL Financial Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial Ryan Detrick, CMT
More informationFreedom Quarterly Market Commentary // 2Q 2018
ASSET MANAGEMENT SERVICES Freedom Quarterly Market Commentary // 2Q 2018 SECOND QUARTER HIGHLIGHTS U.S. economic growth and earnings lead the world The value of the dollar rises, affecting currency exchange
More informationThis time isn t different
UNCERTAINTY = OPPORTUNITY This time isn t different Richard Bernstein, Chief Executive and Chief Investment Officer Richard Bernstein Advisors Richard Bernstein Advisors LLC (RBA) is an independent investment
More informationActive ETFs for Liquidity Management and Capital Preservation. October 13, 2016 by Jerome Schneider, Natalie Zahradnik of PIMCO
Active ETFs for Liquidity Management and Capital Preservation October 13, 2016 by Jerome Schneider, Natalie Zahradnik of PIMCO SUMMARY Amid money market reform and the New Neutral reality of lower for
More informationMODEL WEALTH PORTFOLIOS. focus on. your future. LPL Financial Research
focus on your future LPL Financial Research Your Strategic Partner: LPL Financial Research Our Approach Your investment strategist consists of seasoned and accomplished industry veterans, comprising one
More informationLOOKING AHEAD / INSIGHTS FOR 2018
Happy New Year! Our favorite part of the year is at an end; It is time to reflect on the long-held relationships and stories of the people and institutions whom we have dedicated our advisory service.
More informationEaton Vance Global Macro Absolute Return Fund
Click here to view the Fund s Prospectus Click here to view the Fund s Statement of Additional Information Summary Prospectus dated March 1, 2018 Eaton Vance Global Macro Absolute Return Fund Class /Ticker
More informationManaged Futures Strategy Fund
Visit longboardfunds.com Call us at 800.290.8319 ASSETS AS OF DECEMBER 31, 2018 $308,692,596 Managed Futures Strategy Fund Monthly Portfolio Update & Commentary December 2018 STOCK INDEXES INTEREST RATES
More informationSEPARATELY MANAGED ACCOUNTS
Offering Guide Leadership and Innovation SEPARATELY MANAGED ACCOUNTS Today s complex markets require different approaches ones that can provide greater financial freedom, active management and tax control.
More informationQUANTITATIVE EQUITY MANAGEMENT
QUANTITATIVE EQUITY MANAGEMENT Our investment philosophy is rooted in the time-tested values of integrity, experience and discipline. We believe the pursuit of superior long-term investment performance
More informationSmart Beta Dashboard. Thoughts at a Glance. March By the SPDR Americas Research Team
By the SPDR Americas Research Team Thoughts at a Glance For the first two months of Q1, US outperformed the broader market by nearly 5%. However, as 10-year Treasury yields and inflation expectations came
More informationFixed Income Investing
Fixed Income Investing Understanding how fixed income can fit into an investment portfolio. Contents 1 Understanding fixed income 2 Navigating the bond markets 3 How to evaluate bonds 4 Bonds in a rising
More informationShort Term Income Pool
This annual management report of fund performance contains financial highlights but does not contain the complete annual financial statements of the investment fund. You can get a copy of the annual financial
More information