Perspectives Blog

Gut check: The outlook on fixed income

Colin J. Lundgren, CFA, Head of U.S. Fixed Income | February 24, 2014

The next big move in rates may be triggered by concerns about possible future Fed rate hikes. High-quality bonds may struggle to generate coupon-like returns. Emerging markets may ultimately benefit from the synchronized uptick in growth in global developed markets. With nearly two months of the year behind us, we thought now would be a good time to see how the fixed-income market is faring in 2014 and assess our outlook. We asked our investme…

VIDEO — The case for active portfolio management

Colin Moore, AIIMR, Global Chief Investment Officer | September 23, 2013

A change in focus from Federal policy to economic and corporate earnings growth should be better for active portfolio management. When the market is focused on broad topics like risk and Fed policy, the tide tends to lift or sink all boats. A greater focus on economic growth and earnings should lead to significantly more differentiation between securities. See more from Colin Moore: U.S. economic outlook See more Market Insights from Columbi…

Learning to stand on your own

Colin Moore, AIIMR, Global Chief Investment Officer | June 27, 2013

Markets must now learn to cope with less support from Fed. I believe investors will adjust to the higher confidence regarding sustainable growth and the risk premium will fall more than the slow rise in rates. Equity markets will likely recover, but expect some stumbles along the way. Awww! The equity market is learning to stand on its own without the Federal Reserve holding its hand. There will be moments when it ends up on its bottom but the…

VIDEO – U.S. economic outlook

Colin Moore, AIIMR, Global Chief Investment Officer | September 9, 2013

While total GDP growth is struggling around 2%, the private economy is growing at about 3%. Though growth in the rest of this year may continue to be slow, the impact from changes in wage taxation and the sequester should begin to diminish in 2014. Overall, the outlook for the U.S. is not tremendous, but reasonable – and particularly good compared to most of the rest of the world. See more Market Insights from Columbia Management….