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In-depth investment research and commentary from Litman Gregory and our Research Alliance

Feb 21, 2018 Research Alliance Walking the Risk Tightrope—Guggenheim Investments

Current conditions could persist for some time, but with a possible recession approximately two years away, the time for caution is approaching.

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Feb 02, 2018 Research Alliance Guggenheim Investments First Quarter 2018 High-Yield and Bank Loan Outlook

Senior Managing Director Tom Hauser and Head of Macroeconomic and Investment Research Brian Smedley examine the high-yield and bank loan market, and caution against eroding investor protections.

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Jan 30, 2018 Research Alliance Is Cash Getting More Attractive?—Thornburg Investment Management

In today’s environment, CEO Jason Brady says cash is looking more attractive than it has in recent years and investors should look to steady cash-flow generating asset classes over volatile stocks.

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Jan 29, 2018 Litman Gregory Fourth Quarter 2017 Research Q&A

In this quarter's Research Q&A, we discuss inflation, a curve-steepening fixed-income scenario, the U.S. dollar’s valuation, the effect of rising rates on arbitrage, and the recent performance of major equity factors and styles.

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Jan 18, 2018 Research Alliance Be Wary of Eroding Investor Protections—Guggenheim Investments

Despite heavy volume of high-yield bond and bank loan issuance, pricing power remains firmly in borrowers’ hands, resulting in a further relaxation in the investor protections that were prevalent after the financial crisis.

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Nov 16, 2017 Research Alliance Fixed-Income Outlook Video—Guggenheim Investments

In the video companion to our Fourth Quarter 2017 Fixed-Income Outlook, portfolio manager Steve Brown and Maria Giraldo, a Director in the Macroeconomic and Investment Research Group, explain why we still favor defensive positioning given limited potential upside for risk assets.

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Nov 14, 2017 Research Alliance Guggenheim Investments Fourth Quarter 2017 Fixed-Income Outlook

Investors today are simply not being compensated for the risks they are taking. The question now is how to generate yield without taking on undue interest-rate or credit risk.

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Oct 17, 2017 Research Alliance Watching for Weakness in a Time of Strong Fundamentals—Guggenheim Investments

As high-yield spreads and yields approach historical lows, it is becoming increasingly important to avoid sectors and issuers that are unlikely to return full principal or satisfy interest payments for the life of the bond.

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Sep 22, 2017 Research Alliance Tough Sledding in Multisector Bond Investing?—Thornburg Investment Management

Versatile, relative-value analysis of securities across sub-sectors and hybrid asset classes can help fixed income teams negotiate a challenging, expansive, potentially rewarding terrain.

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Sep 12, 2017 Research Alliance Fixed-Income Outlook: The Best Offense Is a Good Defense—Guggenheim Investments

As concerns mount that the market has become vulnerable to near-term shocks, we remain committed to reducing credit risk and spread duration.

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