Research & News
De-Risking Retirement Income
Liability-Driven Investing (LDI) is a popular strategy with pension funds looking to match a stream of payments to retirees, and retirees face the same inflow-outflow problem that pension fund managers face. Income matching is the most appropriate approach to LDI for individual investors because it mitigates, manages, or eliminates many of the risks associated with retirement income. Download Now…
Value stocks best bet to navigate choppy seas
Large-cap-value stocks stand out as the clear favorite in equities for the year ahead, according to financial advisers who took part in the 2011 InvestmentNews Industry Attitudes survey. Read More…
In Uncertain Times, Municipal Bonds Call for Caution
When the prominent banking analyst Meredith Whitney predicted late last year that “hundreds of billions of dollars” of municipal bond defaults would occur in 2011, it rattled the nearly $3 trillion market. Read More…
Everybody out of the mortgage pool? That’s a mistake, says ING fund manager
Dutra points out that Ginnie Mae’s offer an explicit guarantee; government-backed bonds provide ‘ballast’ for bolder bets. Read More…
Eavesdropping on a Fitch Solutions event in San Francisco
When Standard & Poor’s famously downgraded U.S. debt in August, Moody’s and Fitch, the two other big ratings agencies, steadfastly declined to go that far with the sacred cow of investments and kept their triple-A ratings in place. But what do Moody’s and Fitch think? I had that question in the back of my mind when Jeremy Fletcher proposed taking notes last Monday at the Fitch conference that came here to the Bay area. Fletcher (whose office is next door to ours in Mill Valley) manages portfolios — mostly bonds — for Asset Dedication LLC, whose clients consist of investors using RIAs and other financial advisory firms. Read more…
Building a Personal Pension Portfolio
Baby boomers continue to impact our nation. The generation that fought for free speech and civil rights is now forcing financial services to re-evaluate investing and retirement planning. They are the first group to transition from traditional pensions to the 401(k). Boomers will increasingly have to look to their own accounts to support them in retirement. Essentially, they have to treat their 401(k) and IRA accounts as their personal pension. Read More…