US valuation spreads are currently at levels last seen during the depths of the financial crisis, creating an unprecedented opportunity for value investors. In the equity markets, the ratio of the lowest quintile of stocks to median stock PE ratios is well over three standard deviations, a level that bodes well for future returns of value stocks. For instance, the Russell 1000 Value Index’s P/B and P/E are currently in the lowest quintile compared to its own history. Similar observations have been made across the market cap spectrum. Extreme value dislocations like we are currently witnessing are rare, and history suggests these market dislocations tend to revert to normal levels, particularly coming out of a significant market downturn like the one we are experiencing now.
Learning Objectives:
Participants will learn:
Scammers are posing as the IRS to try to get personal information from payment recipients that they can then use to steal the money.
Dimon said people could return to work more quickly if governments made tests widely available to determine who has recovered from the disease.
The Trump administration is discussing a plan that could amount to as much as $1.2 trillion in spending -- including direct payments of $1,000 or more to Americans within two weeks -- to blunt some of the economic impact of the widening coronavirus outbreak.
The payment extension, which affects millions of taxpayers, is part of the Trump administration’s effort to curb the economic effects of the coronavirus pandemic.
They are gaining support in Congress and among economists as the scale of the coronavirus shock has become much clearer.
The January edition of Macrogram highlights the current state of the economy. The chart-based newsletter shows the weakness in manufacturing, calls attention to the current slope of the yield curve and covers key macroeconomic indicators. Macroeconomic insights at-a-glance.
Macrogram is a chart-based newsletter, designed to provide macroeconomic insights at-a-glance.
The Davis Funds is celebrating its 50th anniversary this year, and has been owned by the Davis family for that entire period. In addition to that longevity, the Davis Funds is notable in that it has pursued the same, value-oriented, long-term investing discipline over that period. Chris Davis discusses the opportunities his team is pursuing in financial stocks, as well as his take on the three biggest issues facing the advisory profession: how to compete with digital advice platforms, the flow of funds from active to passive strategies, and ESG/SRI investing.
Equity-risk mitigation may be improved by combining positive expected return strategies that are negatively correlated with equities.
We see financial crises coming, like approaching storms. We see the clouds, but we may fail to properly judge the severity they forebode. Such is the case with leveraged loans.
Part 2 in a series focusing on different types of alternative investments.
Equity markets send a timely reminder about diversifying into alternatives.
How alternative investments may complement different portfolio objectives in various market environments.
The purpose of this webinar about fighting elder financial abuse is to improve your understanding of diminished capacity so you can take steps to prevent abuse when you see these signs. Older people with diminished capacity are at greater risk. In the webinar, you will learn to recognize the seven warning signs of financial abuse. You will learn how you can form an action plan in your office that so you can take protective action for your clients who appear to be at risk. This is about prevention, not waiting until there is abuse and then trying to figure out how to keep it from getting worse. You will also get an update about requirements to report abuse and protections for you in the new regulations.
Alternative investments (alts) were first embraced by institutions, and some people still view them as a complex solution for complex needs. However, a growing number of alternative strategies are now available via mutual funds.
Description: With longevity, we have more aging clients. The average advisor has at least 7 clients with some degree of diminished capacity. Understanding what you need to look for and what to do when you see diminished capacity is critical to keep clients' assets safe and protect yourself. Likewise with longevity, more clients will need long term care. No one is "average". We examine the increased risk of needing this care from identifiable factors. Few advisors know the actual cost of these services, which are not covered by Medicare. Long term care insurance is not for most people and clients all need to get a deeper understanding through competent advice about how much their savings will need to cover.
In my most recent blog, I described how choosing the appropriate alternative strategy (Real estate? Market neutral? Senior loans?) could become the biggest challenge for new investors in alternatives. This is one of the most common questions I receive here at Invesco, along with how to identify the best fund managers and how to select specific alt funds for a portfolio.
I recently have been traveling around the country participating on a panel titled: “Alternatives: Time to Buy When Others Are Selling?” Spoiler alert — my answer to that question is a resounding “yes.” There are two reasons why.
With stocks hitting record highs, many investors want to mitigate the largest source of risk in their portfolios – equities. In recent decades, fixed income has served this purpose well. The asset class has generally delivered both positive returns and negative correlations with equities.
As we enter 2017, there is a long list of issues that could affect alternative investments: policy changes in the US, elections in Europe, rising rate expectations and more. Given this changing landscape, I would like to highlight some alternative investments that I believe have the potential to benefit investors in the new year.
What yield-seeking investors need to know about this expanding asset class
