By Penn Mutual Asset Management | July 21, 2016
With next week’s Democratic National Convention serving as a backdrop, Penn Mutual Asset Management will be hosting a ground-breaking event on The State of State Pensions, to be held Tuesday, July 26, 2016, at 12 noon at the Hamilton Garden in the Kimmel Center.
By Zhiwei Ren | July 21, 2016
U.S. equities are trading at record highs, while interest rates are close to record lows. This week’s chart shows the long bull market in bonds over the last 40 years, as well as the rare combination of record high equity with record low interest rates we are currently observing.
By David O'Malley | July 18, 2016
Despite all of the political, geo-political and social tumult in the news recently, U.S. economic data has remained surprisingly robust. Stronger economic data has been one of the components in the recent rally in U.S. equities.
By Mark Heppenstall | July 14, 2016
Since the end of the credit crisis, central bankers across the globe have been trying their best to stimulate economic growth and avoid the type of deflationary spiral Japan has been battling for over twenty years.
By Trevor M. Williams | July 7, 2016
While the market volatility-buffering benefits of private equity are well known, advocates of the investment vehicle have also long argued that private equity-backed companies tend to perform better than their publicly-traded counterparts.
By David O'Malley | July 5, 2016
Last week started with risk markets around the globe continuing the plunge that began with the Brexit vote. However, as central banks around the globe indicated they stood ready to combat any negative impacts from Brexit, risk markets rallied and ended the week higher.
Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice. The information and opinions contained in this material are derived from sources deemed to be reliable but should not be assumed to be accurate or complete. Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements. Actual results may differ significantly. Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.
Investing involves risk, including possible loss of principal. Past performance is no guarantee of future results. All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. There is no representation or warranty as to the accuracy of the information and Penn Mutual Asset Management shall have no liability for decisions based upon such information.
High-Yield bonds are subject to greater fluctuations in value and risk of loss of income and principal. Investing in higher yielding, lower rated corporate bonds have a greater risk of price fluctuations and loss of principal and income than U.S. Treasury bonds and bills. Government securities offer a higher degree of safety and are guaranteed as to the timely payment of principal and interest if held to maturity.
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