Perspectives Blog

What’s next for the U.S. dollar?

Nic Pifer, CFA, Sector Leader | July 18, 2013

The U.S. dollar has appreciated 6.6% year-to-date. The U.S. economy is much further along in the structural healing process than either Europe or Japan. We remain constructive on the outlook for the U.S. currency over the medium term, although we do expect some setbacks along the way. Year to date, the U.S. dollar has appreciated 6.6% on a trade-weighted basis. The U.S. currency has benefited this year from a growing sense that the U.S. econom…

The importance of taking a long-term perspective

Jeffrey Knight, CFA, Head of Global Asset Allocation | February 3, 2014

We examine the value in maintaining a long term outlook for major asset classes We review our forecast for several major asset classes over the next five years Why maintaining realistic expectations for long term asset class performance is so important For asset allocation decisions, we find great value in maintaining a long-term outlook for major asset classes. Twice a year, in fact, we conduct an extensive update of our five-year return fore…

Weekly market summary (1/31/14)

Columbia Management, Investment Team | February 3, 2014

Source: Columbia Management Investment Advisers, LLC Past performance does not guarantee future results. It is not possible to invest directly in an index. DESCRIPTION OF INDICES The Barclays U.S. Aggregate Bond Index is a market value-weighted index that tracks the daily price, coupon, pay-downs, and total return performance of fixed-rate, publicly placed, dollar-denominated, and non-convertible investment grade debt issues with at least $250…

Weekly market summary (as of 1/10/14)

January 13, 2014

Source: Columbia Management Investment Advisers, LLC Past performance does not guarantee future results. It is not possible to invest directly in an index. DESCRIPTION OF INDICES The Barclays U.S. Aggregate Bond Index is a market value-weighted index that tracks the daily price, coupon, pay-downs, and total return performance of fixed-rate, publicly placed, dollar-denominated, and non-convertible investment grade debt issues with at least $250…

Weekly market summary – 1/24/14

Columbia Management, Investment Team | January 27, 2014

Source: Columbia Management Investment Advisers, LLC Past performance does not guarantee future results. It is not possible to invest directly in an index. DESCRIPTION OF INDICES The Barclays U.S. Aggregate Bond Index is a market value-weighted index that tracks the daily price, coupon, pay-downs, and total return performance of fixed-rate, publicly placed, dollar-denominated, and non-convertible investment grade debt issues with at least $250…

When do floating rate loans begin to float?

Columbia Management, Investment Team | July 11, 2013

Given the significant and rapid move in Treasury yields over the last month, many investors in the floating rate asset class may be expecting to see higher income distributions. The presence of LIBOR floors in the leveraged loan market today means that investors may end up waiting a little bit longer to realize an uptick in coupon payments. However, relative performance for bank loans has been strong, and this asset class provides important div…

The three tax thresholds of the new tax regime

Abram Claude, Vice President, Columbia Management Learning Center | September 11, 2013

w tax rates and provisions as a result of the American Taxpayer Relief Act of 2012 and taxes associated with the Affordable Care Act of 2010. Among them are three distinct thresholds that investors could cross over, each with unique tax implications. The first threshold triggers the two surtaxes related to the Affordable Care Act of 2010. Crossing the second threshold begins a phase-out of personal exemptions and itemized deductions for federal i…