Dreyfus CEO Jon Baum Talks Balanced Portfolios and the Fiscal Cliff on CNBC's Squawk Box
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus that contains this and other information about the fund, and read it carefully before investing.
Past performance is no guarantee of future results. Asset allocation and diversification cannot ensure a profit or protect against loss in declining markets.
The statements and opinions expressed in this interview are as of November 15, 2012, are subject to change as economic and market conditions dictate, and do not necessarily represent the views of BNY Mellon or any of their respective affiliates. This article does not constitute investment advice, is not predictive of future performance, and should not be construed as an offer to sell or a solicitation to buy any security or make an offer where otherwise unlawful.
Source for statement on five-fold Increase in intermediate-term bond fund assets: Morningstar, as of June 2012.
Source for statement on negative bond fund performance 75 percent of the time in rising rate periods: Lipper, Barclays, Dreyfus. Taxable bond market performance as measured by the Barclays U.S. Aggregate Index, a widely used index that represents the broad domestic fixed income market. Past performance does not guarantee future results. Results for sectors within the Aggregate Index (e.g. Treasury, Corporate, Mortgage, etc.) will be different. Cumulative returns for periods prior to 1989 are calculated on nearest month-end basis. Actual results will vary. Investors cannot invest directly in an index.
Source on statement of potential negative returns during rising rate scenarios: Dreyfus, based on 10-Year U.S. Treasury bonds issued on 8/15/12. Total returns include price and yield over a one-year period. Past performance is no guarantee of future results. Yields fluctuate. There is no guarantee that these scenarios will occur.
Source for statements about retirement deposits deficiencies: Schwartz Center for Economic Policy Analysis.
Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees.
Bond funds are subject generally to interest rate, credit, liquidity and market risks, to varying degrees, all of which are more fully described in a fund’s prospectus. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.
Investing internationally involves special risks, including changes in currency exchange rates, political and economic instability, less market liquidity, lack of comprehensive company information, and differing auditing and legal standards. Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries.
The use of derivatives involves risks different from, or possibly greater than, the risks associated with investing directly in the underlying assets. A small investment in derivatives could have a potentially large impact on the fund’s performance.