Search results for: stocks

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In the land of 7 footers, 6’8″ plays guard

The expected real return on most “safe haven” assets is currently negative. Risk seeking behavior could result in a bubble encompassing all risky assets.

Tagged with: Asset Allocation, Economy, Equities, Fixed Income, Global Economy, Investing, U.S. Economy

Asset allocation: Q4 equity strategy

After the recent correction and with the breadth of our asset allocation research still favoring equities, we are rebuilding an equity overweight, primarily using U.S. large-cap stocks. While the Fed heads toward the exit, the European Central Bank is planning to provide further monetary easing and the Bank of Japan is continuing to expand its balance sheet.

Tagged with: Asset Allocation, Economy, Equities, Investing, Markets, U.S. Economy

Obsolescence and disruption – The new capacity utilization

We believe that company- and industry-specific forces will remain important factors in stock selection. We will continue to look for companies that are making smart investments in the future.

Tagged with: Equities, Investing

Global Asset Allocation Outlook (June 2014)

In contrast to last year, so far this year all major asset classes have performed well. Developed market equities, bonds, emerging market (EM) equities and EM bonds, and commodities are all up year to date in the range of 4%-8%.

Tagged with: Asset Allocation, Equities, Fixed Income, Investing, Markets

U.S. Equities: The Case for Value Investing

Paul Berlinguet, head of equity product at Columbia Management, shares some perspective on the U.S. stock market and where we see opportunities in the months ahead. (Video – 3:07).

Tagged with: Economic/Markets Outlook, Equities, Investing, Portfolio Strategies

Constraints of convention — Does a portfolio design have to be static?

A 60/40 portfolio may appear to be balanced, but when viewed through a risk lens it is clear that the equity allocation comprises a disproportionate amount of the risk. As a static strategy, the very thing that has helped risk parity succeed over time may prove to be its biggest liability going forward, and that is all those extra bonds.

Tagged with: Asset Allocation, Equities, Fixed Income, Investing, Markets

What to make of the rebound in emerging market equities

Despite continuing headlines of concern, EM markets have rebounded recently. In order to sustain that rally, we need to see progress on export volumes and political/economic reforms.
While not universally cheap, EM equity valuations are not unreasonable and we continue to find bottom-up opportunities.

Tagged with: Equities, Global Economy, Investing

Global market mid-year outlook

Overall macroeconomic picture in U.S. should push bond yields higher, particularly if the Fed stops its QE program later this year. We remain positive on emerging market debt while maintaining a bias against emerging market equities.

Tagged with: Economy, Equities, Fixed Income, Global Economy, Investing, U.S. Economy

Harvesting a New Moderation in Asia

Companies with competitive strengths still intact should have positive profit growth once adaptive change gets underway. The ability to control cost is essential to surviving the growth slowdown in Asia Pacific ex Japan.

Tagged with: Equities, Global Economy, Investing

Lower intrastock correlations favor alpha strategies

From the Columbia Management Quantitative Strategies Equity Research Group

10-year timeline: Four periods of correlations and alpha 2003–2013

A: The pre-crisis period — Prior to the financial crisis, intrastock correlations were the lowest in the last 10 years, and for most of this time alpha was positive. B: The financial crisis — Unsurprisingly, alpha was worst during the 2008–2009 crisis.

Tagged with: Equities, Investing
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About Us

Backed by more than 100 years of experience, Columbia Management is one of the nation’s largest asset managers. At the heart of our success and, most importantly, that of our investors, are highly talented industry professionals, brought together by a unique way of working. At Columbia Management, reaching our performance goals matters, and how we reach them matters just as much.