Guggenheim 2Q Fixed-Income Outlook: Preparing for Long-Awaited Choppier Markets

World News: . []

NEW YORK, May 16, 2018 (GLOBE NEWSWIRE) -- Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its , “Positioned for Choppier Waters.”

The complacent environment characterized by low volatility and a scarcity of bonds to buy is changing. The shift from quantitative easing to quantitative tightening took its toll in the first quarter of 2018 as rate, credit, and equity volatility all spiked. Guggenheim expects more of the same going forward and is preparing portfolios accordingly.

“Rising rates are at the heart of the market shakeup. In the first quarter, we observed that the cost of borrowing money was going up, and going up faster than the Federal Reserve had planned. At some point, it’s going to bite,” said Scott Minerd, Global CIO and Chairman of Investments. “As we approach the turn in the credit cycle, our portfolio managers have been shortening portfolio duration and opportunistically moving up in credit. We also believe maintaining a reasonable liquidity buffer is important as it may enable us to pick up undervalued credits in periods of market weakness.”

With this quarter’s outlook, we also release timely and relevant from Portfolio Manager Steve Brown, CFA, and Matt Bush, CFA, CBE, a director in the Macroeconomic and Investment Research Group.

Among the highlights in the 32-page report and video:

For more information, please visit .

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $246 billion in total assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 300+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

1. Guggenheim Investments assets under management are as of 3.31.2018 and include leverage of $12.2bn. In April 2018, Guggenheim Investments closed the sale of the firm’s Exchange Traded Fund (“ETF”) business representing $38.6bn in assets under management, which will be reflected in the June 30, 2018 assets under management. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Real Estate, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.

Investing involves risk, including the possible loss of principal.  Investments in fixed-income instruments are subject to the possibility that interest rates could rise, causing their value to decline. • High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility.

This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC or its subsidiaries. The opinions contained herein are subject to change without notice. Forward looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable, but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

More news and information about Guggenheim Investments

Published By:

Globe Newswire: 19:00 GMT Wednesday 16th May 2018

Published: .

Search for other references to "guggenheim" on SPi News


Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us
 

Advertising on SPi News: Information For Advertisers