An actively managed response for investing in a low yield environment.
02.26.2013 Surprises from the Fed and the Fixed Income Outlook for 2013
Jim Keegan, CEO and CIO of Seix Investment Advisors, discusses recent economic developments, the unemployment picture, housing and provides his outlook for 2013 Play
12.13.2012 Bank loans should continue to have attractive fundamentals for 2013
George Goudelias, senior portfolio manager at Seix Investment Advisors, discusses the performance of the bank loan market and provides his outlook for 2013 Play
Multi-Sector Absolute Return
Search for Yield in a Low Interest Rate Environment
Institutional investors around the globe are challenged to find income to reach investment and spending targets, without taking on undue risk. Our Multi-Sector Absolute Return Strategy is an actively managed response for investing in a low yield environment.
The strategy allows us the flexibility to actively use and rotate among fixed income sectors (including U.S. investment grade, high yield bond, bank/leveraged loans and non-U.S. bonds), taking advantage of relative value to enhance portfolio yield, while avoiding risks associated with using only one sector. The allocation decision and review is based on an analysis of macroeconomic and microeconomic themes and an assessment of the relative value of each sector.
Review of First Quarter 2013
Latest Perspective Ceteris Paribus
Stocks for the long run, stocks for the short run, stocks for everyone. It took over five years and uncounted trillions in conventional and unconventional Federal Reserve accommodation, but it was all worth it. The S&P 500 closed the quarter at new record high (1569.19), eclipsing the prior peak set back in October 2007. The March 9, 2009 low (676.53) seems almost irrelevant, as record levels being probed today reflect reality, not the depths of a crisis low that every smart investor bought! Right? The latest surge in stocks is that much more impressive when you consider the dismal economic recovery that serves as the fundamental macroeconomic backdrop. Market pundits have taken to opining that this latest surge is yet another "wall of worry" being scaled by investors in spite of the "doomsayers" and their petulant and incessant warnings of impending doom. Our own view is a little more straightforward...
Rates can only go higher, right?Download the Latest Perspective