Perspectives Blog

Time not timing

Columbia Management, Investment Team | November 17, 2014

30 years equals about 11,000 days. One might assume that eliminating a few of those days would have little impact on investment performance during that time. Yet, if the ten best days of the S&P 500 Index for the period 1983- 2013 are excluded, the average annual return drops from 8.40% to 5.80%. If the twenty

Ebola virus is spreading

Columbia Management, Investment Team | October 6, 2014

The Ebola outbreak is the largest and most serious outbreak ever of this highly-contagious viral disease. Despite the scary headlines, the virus seems unlikely to spread inside the U.S. or other parts of the developed world. The focus remains on treating Ebola victims, containing the spread of the virus in Africa and preventing its intercontinental

Fixed income strategies – The pros and cons of generating returns with negative duration

Columbia Management, Investment Team | July 14, 2014

Unconstrained multi-sector bond funds have become very popular due to their flexibility to invest tactically across sectors and manage interest rate sensitivity. While it may be useful for a fixed income manager to employ a negative duration strategy, getting the timing right can be very challenging. With interest rates defying expectations so far in 2014,