Investment Research
Investment Manager Outlook - 4Q11
This is an ongoing, quarterly survey intended to generate a meaningful snapshot of investment manager sentiment. For the current installment of the survey, Russell collected the opinions of senior-level investment decision makers at equity investment management firms, as well as at fixed income investment management firms, which includes all of the managers in our database not just those in Russell funds. For this iteration, 200 managers participated in the survey. »»
Outlook on Europe
Recently, Europe has been at the center of growing unease about the state of the global economy. While corporate management is not seeing signs of a significant slowdown, many investors are now concerned that the current uncertainty will feed into the real economy, which could curtail growth and exacerbate the sovereign debt crisis. The European market has fallen to 2008 levels, following the Lehman bankruptcy, and we find valuations across a range of companies increasingly compelling. In the near term... »»
High Yield Bonds and Treasuries: Dancing to the Beat of a Different Drum
What's the difference betweeen positive, negative and zero correlation? View a historical correlation analysis and learn how positive, negative and zero correlation relate to treasury rate movement. »»
Outlook on the United States
Macroeconomic and political forces continued to drive market volatility in the third quarter and, in our view, are likely to do so for some time to come. The United States and countries within Europe continue to grapple with the hangover associated with years of excessive borrowing by governments and the private sector. While each of these countries has unique circumstances, they all likely have years of deleveraging ahead. Given the fragility of the economic recovery to date, regulatory tightening has paused briefly. However, we anticipate... »»
Dividend Yield: The Implications of Cash Sitting on Balance Sheets
Fiduciaries and investors, seeking to navigate an uncertain economic environment, would be wise to take note of a key development that is already certain - record cash levels that sit on the balance sheets of public companies. »»
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