Content (98)

  • Can the benefits of corporate ladders outclimb market volatility?

    White papers

    Can the benefits of corporate ladders outclimb market volatility?

    2020-03-12T16:04:00Z

    When I entered the investment management industry in the mid-1980s, the 10-year US Treasury note yielded over 10%. Since then, there’s been a remarkable trend lower in yields. This decline has often resulted in impressive annual performance for corporate bond investors, like last year’s 14.2% return.

  • Insights - Oil price declines do not change long-term ESG risk analysis

    White papers

    Insights - Oil price declines do not change long-term ESG risk analysis

    2020-03-11T16:25:00Z

    Five years ago, responsibly managed Calvert Funds (Calvert Funds) began to exit positions in stocks and bonds of oil & gas companies and never returned. These decisions were based on environmental, social and governance (ESG) analysis at the time, and Calvert Research and Management (Calvert) continues to believe today that the numerous ESG risks associated with oil and gas exploration and production are too high to justify investment in the stocks and bonds of companies that directly own material amounts of fossil fuel reserves.1

  • Longer-term economic fallout may hinge on how regions attack virus

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    Longer-term economic fallout may hinge on how regions attack virus

    2020-03-10T16:40:00Z

    The emerging markets debt team has been closely monitoring the novel coronavirus, COVID-19, and tracking its impact on the global economy, and we offer this update as of March 10.

  • Insights - Amid the coronavirus outbreak, are municipal bonds still a %22safe haven%22?

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    Insights: Amid the coronavirus outbreak, are municipal bonds still a “safe haven”?

    2020-03-09T16:54:00Z

    As volatility in the equity markets persists due to the expansion of the coronavirus outbreak, investors have turned to the relative safety of US Treasuries, driving yields lower. What does this mean for investors in municipal bonds?

  • Insights - As market volatility rises, so does the risk of a concentrated stock position

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    Insights: As market volatility rises, so does the risk of a concentrated stock position

    2020-03-09T16:50:00Z

    Equity prices have whipsawed over the past two weeks as fears of the coronavirus outbreak and unexpected outcomes in the US presidential primaries have rippled through the financial markets. As of March 4, the S&P 500 Index has corrected approximately 11% from February highs. But the average stock’s drawdown has been 17%, underscoring the greater vulnerability of individual positions and concentrated sector, industry and stock exposures.

  • Financial quality metrics and ESG factor interactions in equity markets

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    Financial quality metrics and ESG factor interactions in equity markets

    2020-03-05T16:51:00Z

    As factor-based investing grows, quality factors tend to be favored most by investors, given their consistent outperformance over the past five years. As Exhibit A shows, the Russell 1000 Quality Factor Total Return Index has outperformed the Russell 1000 Total Return Index over the one-year, three-year and five-year periods ended August 30, 2019.

  • Monthly Market Monitor - March 2020

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    Monthly Market Monitor - March 2020

    2020-03-05T16:38:00Z

    Eaton Vance Monthly Market Monitor presents a concise review of economic and asset class data through clear and impactful charts. Providing timely information across a broad array of markets and investment topics, this guide serves as a helpful resource in providing connectivity between changing market events and implications for investor portfolios. Use Eaton Vance Monthly Market Monitor as a critical desk reference that enables more informed discussion and understanding of financial markets.

  • Avoiding “diversification decay” in emerging-markets debt The threat to diversification posed by indexes

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    Avoiding “diversification decay” in emerging-markets debt

    2020-03-05T13:46:00Z

    In the past decade, there has been a 350% increase in institutional holdings of emerging-markets (EM) debt, much of which has been invested in index-based strategies (Exhibit A).

  • Gaining a trading edge in emerging-markets debt

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    Gaining a trading edge in emerging-markets debt

    2020-03-05T11:35:00Z

    A top-flight fixed-income trading desk is a key component of the investment process and can have a significant impact on realized returns. This is especially true in emerging markets, where the trading infrastructure varies greatly from country to country, and managers must cope with differing clearance and settlement procedures, custodial arrangements and regulatory constraints.

  • Caution over coronavirus still warranted in investment grade corporates

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    Insights: Caution over coronavirus still warranted in investment grade corporates

    2020-03-04T09:53:00Z

    Following the Federal Reserve’s surprise interest rate cut on Tuesday, we believe caution is still justified in the investment grade bond market until investors can gain more clarity over the global economic impact of the coronavirus.

  • The case of floating-rate loans remains intact

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    Insights Post rate cut: The case of floating-rate loans remains intact

    2020-03-04T09:46:00Z

    At the start of the year the investment thesis for the senior loan asset largely came down to these factors:

  • Insights - Boosting gender equality with structured engagement

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    Insights: Boosting gender equality with structured engagement

    2020-03-04T09:36:00Z

    As International Women’s Day approaches on March 8, it’s an opportune time to examine how engagement efforts can help companies improve their efforts at securing gender equity.