| Issue Vol. 4 No. 10
||April 6, 2017
In This Issue
Bloomberg Barclays Agg Index Changes Bond Agg Index
by Eric Platt and Joe Rennison of the Financial Times
Bloomberg Barclays Agg Index Changes Bond Agg Index increases required minimum size of issues. Time to check your portfolio for issues below the minimum.
Crisis-Era Lesson on CMBS Ratings Returns
By Matt Scully and Adam Tempkin of Bloomberg
Low rates for longer bringing back rating problems from last crisis. CMBS under siege.
Global investors are receiving a reminder of the hard lessons learned a decade ago on the issues that come with promising bond ratings. This reminder comes from the $528 billion U.S. commercial-mortgage bond market.
NAIC Capital Markets Special Report 4/5
2017 Begins With Calm Despite Rising Interest Rates and Policy Risk
The key drivers of the markets in recent months are familiar and interconnected: improving but slow global economic growth, heightened policy risk worldwide, and shifting yield curves. In that context, this Capital Markets Special Report provides an update on the recent performance and current state of the investment markets that are most relevant for the U.S. insurance industry.
Presentations from the Insurer Investment Forum XVII
Your Most Important Issues
What are the most important investment issues facing your company and your peers? And how are they being addressed? How does the investment process at other insurers’ differ from your company’s and why?
John Mohr, Managing Director & Principal, SAA
Dan Smereck, Managing Director & Principal, SAA
Structured Securities in a Post-Crisis World
The Great Recession marked a turning point for the structured securities market, wherein transaction weaknesses were exposed and important lessons learned. The sector has emerged stronger in many ways, along with the expanding application of securitization technology to novel asset types and proliferation of first-time issuers.
Jennifer Quisenberry, Head of Structured Securities, NEAM
Global Opportunities that Complement US Core Bond Strategies
The municipal bond market has historically been the primary funding source for US infrastructure spending. We’ll discuss how the inclusion of municipal bonds in a fixed income portfolio can improve risk adjusted returns while maintaining credit quality and yield carry.
Christine Todd, President, Standish Mellon
De-Mystifying Factor Investing
WisdomTree explores different factor premia and sensitivity across various smart-beta approaches. All of the approaches discussed will have different tilts. Different factors outperform (or underperform) in different environments.
Christopher Gannatti, Associate Director of Research, WisdomTree
The Longbrake Letter - March 2017
Barnett, Sivon & Natter
"Financial markets just about everywhere began the year doing well as a wave of consumer and business confidence burgeoned in the after math of Donald Trump ’ s election and as it became clear that global growth was accelerat ing . Optimism still prevails, but doubts are beginning to surface. Hard economic data has been o.k., but has yet to indicate convincingly that growth is accelerating, pa rticularly in the U.S."