In lower cost, liquid vehicles, alternative risk premia strategies can strengthen a risk-return profile.
We cut the chances of recession to 25% after a thaw in the trade war and a year of rate cuts; our forecast is for sub trend growth. Favored sectors include emerging market local currency debt and higher rated short-duration securitized credit.
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
The key political, macro and credit risks that insurers may want to address in 2019.
David Kelly, the Fed, interest rates