Insights

An effective factor investing strategy should be both contextual and adaptable as markets change over time.

People are chock full of cognitive biases, one of which is the negativity bias: We tend to pay more attention to ― and give more weight to negative information than positive information.

Macro sensitivities and sector biases of traditional value metrics may affect how well they work in different market and economic environments. We take a broad approach, combining fundamental analysis with macro awareness to deliver more consistent through-the-cycle results.

Plan sponsors often find the target date fund (TDF) selection process understandably daunting. Evaluating TDFs is a multi-faceted process that requires a deep dive into the four components of TDF design — glide path design, asset allocation, selecting underlying managers, and portfolio construction.

GNMAs can be a compelling way to defend against unexpected market shocks, offering a risk profile similar to Treasuries but with higher yields.

It is critical for plan fiduciaries to understand the differences in target date design in order to select the fund that best matches the needs and characteristics of their plan and its participants.

Experienced active managers can capitalize on opportunities that fall outside their benchmarks and can manage unwanted concentrations. This has historically resulted in relatively high success rates in generating alpha.

Private equity has traditionally been dominated by large institutions, but is gaining ground in individual investor portfolios

With yields near 15-year highs, bonds have resumed their role in portfolios as a tool for potential income, compelling risk-adjusted returns and diversification.

Retirement readiness is a major challenge for many plan participants. For plan sponsors, plan design is no longer about simply focusing only on helping participants build their savings. Providing participant income solutions in the decumulation stage is now equally important, especially because new research shows that many workers need help in this area.