Financial Industry Insights from Advisors Asset Management

Content Type
December 06, 2017
The “Hack” For Fixed Income Portfolios? By : Matt Lloyd Browse through any social media post and you will no doubt get countless advertisements about productivity hacks, smartphone hacks or any multitude of hacks meant to make life easier or less complicated (two different things in actuality).
November 03, 2017
The Confusion of a Siren’s Call By : Matt Lloyd We have often said, “Don’t confuse hiccups for heart attacks.” Perhaps the more relevant version is not to confuse a siren’s call with the sound of the wind.
September 26, 2017
August 2017 Market Review By : Rothschild Asset Management Stocks were mixed in August, with large-cap stocks (as measured by the S&P 500 Index) up 0.3%, while small-cap stocks (as measured by the Russell 2000 Index) declined 1.3%.
August 10, 2017
Are Dividends Free? By : Chris Vandiver, CFA Over the past year I’ve noticed a general misconception about how dividends work. Specifically, a misunderstanding of the tradeoff between share price and dividend payout. Any financial textbook would tell you on the day a dividend is paid, the share price should fall by the amount of the dividend.
August 03, 2017
Closed-End Funds: Second Quarter 2017 Review and Outlook By : Cohen & Steers Closed-end funds advanced in the second quarter amid a supportive macro backdrop that was broadly favorable for financial assets. Stocks climbed to record highs on an improving earnings outlook, as global economic growth continued at a modest pace. Bonds advanced and yields declined as inflation remained subdued. ​
July 31, 2017
HIMCO Market Outlooks By : Hartford Investment Management Co Strong earnings shrug off the slack in the Trump Trade. Despite slow progress in promises made for lower corporate tax rates, foreign cash repatriation, and reduced regulation, the S&P 500 rallied to an all-time high of 2454 on June 19th and modestly retreated from there on the back of hawkish Central Bank speak to end the quarter at 2423, a total return of +3% for the quarter. One-third of this return came from improved earnings growth expectations for the year (which now sit at +11%), supported by a strong 1Q17 earnings season (with 47% of companies beating estimates on sales and earnings versus 35% historical average), and healthy management guidance.
June 15, 2017
Eurozone Economic Growth Contrasts Mixed U.S. Outlook By : Rothschild Asset Management The downtrend of commodity prices since January is having an impact on consumer prices. In fact, after peaking at the beginning of the year, inflation is falling almost everywhere. Meanwhile, global economic activity remains moderate and the uncertainty regarding the scenario of an accelerating world economic activity is growing, with the notable exception of the Eurozone.
April 25, 2017
The French Connection By : Matt Lloyd With the markets relieved about the two choices in the final election in France offering a moderate selection rather than a dynamic binary choice, we have moved back to the “concern du jour.”
March 14, 2017
The Decline of Market Volatility By : Chris Vandiver, CFA Where is the volatility? If I asked you to give me a list of what’s happening in the news, I would bet three out of five headlines you give me will be negative events.
February 21, 2017
AAM Viewpoints – Think Twice Before Abandoning Fixed Income By : JB Golden, CFA The sharp move up in rates after the November U.S. presidential election reminded fixed income investors of the risks associated with bonds in a rising rate environment. With prospects for more inflationary fiscal policy under the Trump administration, the U.S. 10-Year Treasury began a sell-off in early November 2016 moving from 1.75% to 2.60% by mid-December.
February 15, 2017
The “I’s” Have It Series – Inflation By : Matt Lloyd The last in “The ‘I’s’ Have It Series” is perhaps the most influential to investors…inflation. The rising trend that has been in place for some time but suddenly “got lit.” More importantly, it was ignored for some time even though the signals were flashing an increasing challenge to the Federal Reserve and the markets in general.
February 08, 2017
The “I’s” Have It Series – Income Taxes By : Matt Lloyd One large expectation with the new administration is the cut in individual and corporate income taxes. Now that we are roughly three weeks into the new administration, there are already those who are clamoring for the details of the policy while the new administration is extending the period with which they are saying a new policy may come into action.
February 02, 2017
The "I’s" Have It Series – International By : Matt Lloyd The potential and promise of global economic increases has been in holding pattern for the last few years. The MSCI World, excluding the United States, has had a total return of -6.09% over the last few years with the 2016 return looking to be slightly positive. The way things stacked up toward the end of last year we are seeing some rare territory for the global equity markets, not including the United States.
February 01, 2017
HIMCO Market Updates By : Hartford Investment Management Co The municipal market ended the 4th quarter with a strong December, but it was not enough to offset the severe rate selloff and spread widening in November following Trump’s election victory.
January 25, 2017
The “I’s” Have It Series – Interest Rates By : Matt Lloyd The direction predicted for many years appears to be lifting off, though the trajectory and whether escape velocity can be achieved are two important questions. Rates need to be reviewed on a Federal Reserve and broad-based central bank perspective as well as the market rates from debt to credit issued to consumers and businesses.
January 24, 2017
HIMCO’s 4th Quarter Review & 2017 Outlook By : Hartford Investment Management Co For most of 2016, financial markets were heavily influenced by developments overseas leading up to the election. Coming into the year, investors focused on weak growth and currency concerns in China and the sharp fall in oil prices.
January 19, 2017
The “I’s” Have It Series – Indicators By : Matt Lloyd In our 2017 Investment Outlook, “The I’s Have It,” we denoted several key areas to focus on. While we made the case for each “I” there was more detail into each section that we felt deserved a bit more explanation.
January 18, 2017
Trump Tantrum & the Municipal Market By : Jonathan Law The fourth quarter’s post-election “Trump Tantrum” produced one of the most volatile periods for the municipal market in the last decade.
January 11, 2017
Outlook for 2017 By : Peroni Portfolio Advisors The DJIA could reach 22,000 in 2017 before a greater-than-10% retreat unfolds. Although the stock market surged higher following the November elections, it is not seriously overbought as the New Year begins.
January 09, 2017
2017 Investment Outlook By : Matt Lloyd The last year had a bit of everything for everyone. It was a microcosm of what the markets, economies and politics have seen over the last 10 years packed into 12 months.

Effective, June 10, 2016, please note that Gene Peroni left Advisors Asset Management (AAM) to become President of Peroni Portfolio Advisors, Inc. Peroni Portfolio Advisors, Inc. ("PPA") is an investment advisor independent of AAM.