Insights & Ideas


Our reports cover a variety of timely topics and trends and are designed to help you learn more and be an informed investor.

The Sum of All Fears Commentary

The Sum of All Fears Commentary

January 22, 2016

For investors, 2016 has thus far been anything but a happy new year. January is on pace to rank as the worst month for equity markets since February 2009. This month's sell-off is the result of a variety of factors, none of which alone may seem sufficient to justify a market correction. Added together, though, they raise concerns about the strength of the global economy and the likelihood of recession.

What Does August Augur

What Does August Augur

August 31, 2015

Markets are unpredictable, and at times like this it's important to remember that although the road is sometimes rocky, the stock market has historically shown an upward trend over the long term. Timing the market can be risky, and may result in missed opportunities and potential future gains.

Tide is Turning for Active Management

Tide is Turning for Active Management

August 28, 2015

In the current market environment, we see nascent signs of a shift in favor of active management, with a changing backdrop for the U.S. large-cap space.

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.

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 (except government-only funds), prepayment and extension risks (for mortgage funds), and market risks, to varying degrees. Generally, all other factors being equal, bond prices are inversely related to interest-rate changes, and rate increases can produce price declines.

High yield bonds involve increased credit and liquidity risk compared with investment grade bonds and are considered speculative in terms of the issuer's ability to pay interest and repay principal on a timely basis.

Small- and mid-sized companies carry additional risks because their earnings and revenues tend to be less predictable, and their share prices more volatile than those of larger, more established companies. They also tend to be less liquid than larger company stocks.       

Investing internationally involves special risks, including changes in currency exchange rates, political, economic and social instability, a lack of comprehensive company information, differing auditing and legal standards and less market liquidity. These risks are generally greater with emerging market countries than with more economically and politically established foreign countries.

Diversification does not guarantee a profit or protect against loss.

There is no guarantee that dividend-paying companies will continue to pay or increase their dividends.