Last week our Investment Committee approved a slight change to the bond allocation within our target portfolios. Specifically, we are reducing exposure to floating rate fixed income and are investing the proceeds into corporate high yield bonds.
We are writing to inform you that our Investment Committee has decided to remove the Loomis Sayles Investment Grade Bond Fund from our clients’ portfolios and invest the proceeds equally between the bond allocation’s other two taxable, high quality bond investments. Loomis’s long term performance (both absolute and index-relative) is outstanding, and it is a position tha
Normally, the first few trading days of the year are buoyant as investors look optimistically ahead. 2016 has not followed this path. A rise in geopolitical tensions stemming from North Korea’s possible nuclear test, discord between two of the most powerful Middle Eastern countries, and the ongoing fear of terror attacks at home and abroad have all weighed on investor sentiment.
The stock and bond markets, both US and foreign, have become increasingly challenging to navigate over the past year, much more so within the past month, and even more over the last few days.
The subject of Greece’s debt has been dotting the headlines for upwards of seven years.