- September 2016Normally safe, dividend-paying stocks have attracted major inflows, spiking prices. But their now elevated valuation multiples aren’t supported by earnings growth. The risks of a correction in these “expensive defensives” are running increasingly high as the threat of rising interest rates grows.
- August 2017While deep industry knowledge is very important, investment outcomes are even more important. We believe the interdisciplinary approach leads to better investment decisions because we’re evaluating opportunities across sectors, geographies, industries.
- June 2016Major central banks have spent trillions of dollars and several years trying to stoke structurally challenged economic growth, but their efforts have resulted in inflated asset prices, increased market volatility and heavier debt loads that weigh on growth.
- June 2016Over the past eighty-seven years, dividends have accounted for over 40% of the total return for the S&P 500 Index. The importance of dividends has been an often overlooked part of investing, but will continue to come to the forefront as baby boomers prepare for retirement and look for high and growing income-generating investments.
- June 2016One of the challenges that confronts retirees and their advisors is how to prevent having to sell their hard earned retirement assets at the wrong time. We have all heard the age old investment adage “Buy Low and Sell High,” which tells us to buy assets when they are out of favor but to time the disposition of the assets when the markets are in your favor.
- June 2016Retirees and their advisors should thoughtfully establish a spending plan to balance the desire to maintain a consistent lifestyle with preserving assets for a retirement that could last 30 to 40 years. To achieve this balance, a spending policy should be developed to determine what percentage of the retirement savings will be spent initially and how this amount will change over time to reflect the effects of inflation and the performance of the underlying investment portfolio.
- May 2016Empirical evidence demonstrates that Environmental, Social and Governance (ESG) investing can outperform non-ESG strategies over time.
- January 2016Analyzing the relationship between beta and returns reveals that investors generally aren’t compensated for the risks associated with higher beta stocks. Over time, lower beta stocks tend to offer the most attractive returns, our...
- 2015Retiring the traditional retirement conversation and refocusing on the longevity journey doesn’t simplify life. It challenges us to broaden our perspective and increases the importance of the decisions we make relative to our health, our...
- 2015Today, increases in longevity and the decisions associated with longer life are demanding that you help your clients prepare for the future. This may mean developing a plan that integrates health care, financial management and life...
- 2015Investors who focus solely on a stock’s current yield may miss the potential growth of the original investment and the actual dollar amount of the income generated that accompanies dividend investments.
- 2015The sum of our values, knowledge, life experiences and the lessons we’ve learned from our successes and failures, wisdom is a significant by-product of living a long life and one of the greatest gifts of longevity.
- 2015Retiring the traditional retirement conversation and refocusing on the longevity journey doesn’t simplify life. Instead it forces us to make choices that are more deliberate and conscious. It challenges us to broaden our perspective and...
- November 2016The average actively managed U.S. equity fund often returns less than index-based strategies, according to research study, “Active Share and Mutual Fund Performance.” But actively managed funds that have high Active Share, the...
- February 2016Thornburg now offers a unique approach to environmental, social, and governance (ESG) investing within an international mutual fund and institutional strategy. The portfolio offers a...
- December 2016Thornburg believes in the merits of truly active management, based on fundamental research of individual securities and the flexibility that our broad investment mandates allow. All of our equity funds have high active share.
- June 2016This article discusses how there is more to dividend-oriented portfolios than buying high-yielding stocks. Rather, implementing a disciplined and comprehensive dividend strategy may provide significant benefits.
- September 2016Since 1984, we have honed an active, repeatable process through a flexible team well versed in finding relative value within the vast universe of municipal bond issues.
- July 2016Nicholos Venditti, portfolio manager and managing director at Thornburg, shares how he stays steps ahead of the next potential crisis in fixed income.
- May 2016With global bond yields still suppressed by central banks, many so-called ‘unconstrained’ bond funds today pull from a broad variety of asset classes in search of higher income, within and without U.S. markets. Many of them, at...
- June 2016In this white paper, Josh Yafa, client portfolio manager, discusses the benefits of laddered bond portfolios and analyzes their performance vs. barbell and bullet bond strategies during periods of rising interest rates.
- March 2015How will your clients fare in a rising interest rate environment?
- May 2016One of the tools we use at Thornburg to manage fixed income is laddering. Laddering is not a passive investment strategy. Rather, it is simply one of many techniques managers have at their disposal to control duration. See how a hypothetical ladder structure outperforms barbell structure...
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