Investment Research
The Western View
Concerns over the health of the global economy have created an environment of uncertainty in the markets. While we do not seek to downplay the risks associated with these concerns, we are slightly more optimistic, and we believe talk of a double-dip recession is overblown, as most economic indicators continue to remain on a stable to slightly upward trend. »»
Municipal Bonds:
Sizeable Deficits and Expenditure Pressures Hamper
State and Local Governments
Many clients maintain an allocation to municipal bonds due to the lower risk profile and tax benefits of the asset class. Given the stress on local and state budgets, both in terms of lower revenue generation and higher expenditures, we believe active management will be key to navigating potential minefields. Further, today’s low interest rate environment may present challenges and opportunities for fixed income investors going forward... »»
Emerging Market Equities:
Seeking a Balance of Risk and Opportunity
As an asset class, emerging market equities experienced an extreme drawdown in the market downturn, though returns rebounded, with the MSCI EM Index up 79.5% for the calendar year of 2009. We encourage clients to consider an allocation to the asset class where it is appropriate for their risk profile... »»
Investment Perspective: On the Path to a Cleaner Energy Economy
In our view, the emerging clean energy sector has the potential to create millions of well-paying jobs, expand the growth of a myriad of companies, inject billions of dollars into the U.S. economy, and create new opportunities for investment. This sector could also help reduce our oil dependence, enhance our security and protect our environment. That said... »»
Investing (including mutual funds and ETFs) carries risk, including the loss of principal, and there can be no assurance that any investment strategy will provide positive performance over a period of time. The asset classes and /or investment strategies described above may not be suitable for all investors. Investors should first consult with an investment advisor before investing. Investment decisions should be made based on the investor’s specific financial needs and objectives, goals, time horizon, tax liability and risk tolerance. When investing in managed accounts and wrap accounts, there may be additional fees and expenses added onto the fees of the underlying investment products. For a complete description of all fees, costs and expenses, please refer to the sponsor’s ADV Part II or Schedule H as applicable. Past performance is no guarantee of future results. Neither Envestnet, PMC nor its representatives render tax, accounting or legal advice.