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

Jan 22, 2020 Research Alliance Securitized Fixed Income: A Potent Shield Against ESG Risk—BBH

Securitized assets make up over a quarter of the U.S. fixed-income market, yet are an often overlooked opportunity for enhancing risk-adjusted yield while managing environmental, social, and governance (ESG) exposure in a fixed-income portfolio.

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Jan 16, 2020 Research Alliance ESG Investor Seeks Connection. Muni Bonds, Please Apply.—Thornburg

Municipal bonds deserve more attention from ESG investors.

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Jan 16, 2020 Research Alliance Roll with the Punches of Rising Interest Rates—Parametric Portfolio Associates

This paper explores the impact of rising interest rates and how adopting a laddered portfolio structure may help investors roll with the punches of rising rates without feeling the lasting effects.

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Jan 08, 2020 Research Alliance Negative Rates in the U.S.? We Don’t Think So—Osterweis Capital Management

Although trillions of dollars of global debt currently “pays” negative yields, according to Eddy Vataru, the size and supply/demand dynamics of the U.S. mortgage market will keep domestic rates positive for the foreseeable future.

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Dec 30, 2019 Research Alliance Unimpeachable Value—BBH

One of the key benefits of revenue bonds is their general insulation from the political process—something we especially appreciate today!

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Dec 26, 2019 The Fed's Sugar High—A Conversation with Guggenheim's Scott Minerd

At our Investment Forum, held November 2019, Litman Gregory senior research analyst Jack Chee interviewed Guggenheim Global CIO Scott Minerd. Their conversation touched on Guggenheim's investing approach, recession risk, the corporate bond market, the trade war, and even immigration.

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Dec 23, 2019 Research Alliance Risk and Reward of 'Mid-Cycle' Rate Cuts—Guggenheim Investments

In all likelihood, the Fed has successfully staved off recession, but current spreads reflect just how little upside there is in credit.

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Dec 18, 2019 Research Alliance Parametric Enhanced Income Core—Parametric

Many investors are drawn to the closed-end fund universe as a source of income. In this paper we highlight how closed-end funds may lend themselves to this aim as well as some of the potential drawbacks.

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Dec 18, 2019 Research Alliance Economic Perspectives: The Cycle, Policy, and Politics—Thornburg

In the latest episode of Economic Perspectives, Portfolio Manager, Jeff Klingelhofer, and Director of Client Portfolio Management, Josh Yafa, discuss key questions surrounding a mix of policy and election inputs and their effect on the economic cycle.

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Dec 17, 2019 Research Alliance America’s Consumer, Today’s Fixed Income Hero?—Thornburg

When the going gets tough, look to the U.S. consumer.

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