When markets fall by as much, and as quickly, as they have recently, it’s easy to conclude that it’s time to move all your assets into the safe haven of cash or something tangible like property. For those nearing retirement, these kinds of concerns are even more heightened, as many trustees watch money they thought they would have to live on in retirement, dwindle overnight.
Jason and Michael share a value manager’s perspective on what’s been happening in markets, how they’ve positioned their portfolios in response to the crisis, where they are seeing opportunities, and what’s next for value investing. The post Value investing during market uncertainty appeared first on Investment Magazine.
The projected long-run risk premium for the Global Market Index (GMI) rebounded in April after slipping below 4% annualized in the previous month. Today’s revised estimate for GMI: 4.3%, which is the index’s long-term projection over the “risk-free” rate. Compared with the outlook a year ago, today’s forecast is modestly lower. The coronavirus crisis has […]
Asset Allocation for Additional Alpha: the best recent papers
How do institutional portfolio managers allocate assets in a way that adds alpha to their portfolios? One option is to employ a short-term tactical overlay on top of their more long-term strategic allocation. Another is to
Singapore’s $100 billion GIC and PGIM, one of the world’s largest asset managers, have collaborated to develop a world-first asset allocation framework that explicitly models the impact of private assets on total portfolio liquidity, incorporating both the top down allocation view and the bottom-up cash flow view.
The post New AA model prioritises liquidity appeared first on Top1000Funds.com.
Macro Themes and Market Outlooks in 2019
To 'sell in May and go away' is often thought an old cliché. Will markets swing? Will fortunes sway? Should one pay heed, this traders' play? Investors and asset allocators may be more tempted by such seasonality strategies this year t
William Blair's, head of dynamic allocation strategies, Brian Singer is looking to invest in Europe and emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.
The post Singer bets on Europe, emerging markets appeared first on Top1000Funds.com.