Perspectives Blog

What’s next for the U.S. dollar?

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

o years away. Historically, the U.S. has needed to offer a reasonable yield premium at the front end of the curve for the U.S. dollar to appreciate on a sustainable basis. This dollar cycle may well be different thanks to the use of unconventional monetary policy in the U.S., but we would be surprised if the U.S. dollar can march steadily higher before actual short-rate differentials shift materially in the currency’s favor. More likely, the U.S….

The importance of taking a long-term perspective

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

…r major asset classes. Twice a year, in fact, we conduct an extensive update of our five-year return forecasts for several asset classes. The purpose of this exercise is two-fold. First, taking a longer term perspective helps us to set strategic asset allocations and design portfolios for diverse investment goals. Just as important though is that maintaining long-term forecasts provides context for responding thoughtfully to daily swings in marke…

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

…on (FHLMC or Freddie Mac). The Barclays U.S. Corporate Index consists of publicly issued, fixed rate, non-convertible, investment-grade debt securities. The Barclays U.S. Corporate High-Yield Index measures the market of U.S. dollar-denominated, non-investment-grade, fixed-rate, taxable corporate bonds. Securities are classified as high yield if the middle rating of Moody’s, Fitch and S&P is Ba1/BB+/BB+ or below, excluding emerging market deb…

The three tax thresholds of the new tax regime

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

…is surtax only applies to the wage earner or the self-employed. The employer’s Medicare payroll tax rate remains at 1.45% regardless of the employee’s wage amount. The same threshold number ($200,000 single/$250,000 joint) is used for the 3.8% Net Investment Income Tax. But in this case, the threshold is defined as modified adjusted gross income. For the purposes of the Net Investment Income Tax, modified adjusted gross income = adjusted gross in…