Knowledge Center Archive
Knowledge Center Archive
The Knowledge Center is your source for perspectives on industry challenges and opportunities affecting you and your clients. Below are materials from SEI's Investment Management Unit. For industry-specific thought leadership, please visit the following sections:
William T. Lawrence
Managing Director, Global Fixed Income Investment Strategy, Investment Management Unit
Central Bank Policy Shifts Highlight Diverging Bond YieldsSep122014Article
After half a decade of tepid economic recovery marked by low and generally falling bond yields, we are finally seeing some divergence.
Monthly Market Commentary - August 2014Sep92014Article
Economic expansion continued to unfold at disparate paces across developed markets. New data showed signs of shifting growth trajectories, putting pressure on central banks to modify current levels of accommodation. Fixed-income and equity markets fared better in August than during the prior month. Corporate bonds led other fixed-income segments and the Americas outpaced other regions for equity performance. Even with somewhat elevated developed-market equity valuations and narrow credit spreads, we see room for markets to move higher and would be inclined to buy on a correction.
Investment Fundamentals: Tax-Loss HarvestingSep32014Article
Tax-loss harvesting is the process of selling a security at a lower price than initially purchased to offset taxable gains. Effective execution of a tax-loss harvesting strategy can increase the after-tax value of an investor’s portfolio. The wash-sale rule prohibits re-purchasing the same security, or one that is substantially identical, within 30 days of
sale for the purpose of realizing a capital loss.
The Promise (and Perils) of Frontier MarketsSep32014Article
Frontier markets are likely to play an increasingly important role in global equity markets in the years ahead. Frontier-based companies enjoy access to some of the world’s fastest growing economies and populations. We believe actively managed frontier-market exposure can benefit patient, long-term investors.
Risk Parity: The ConceptSep122013Article
“Risk parity”—the concept of achieving diversification by sources of risk—is gaining wider attention. While there are numerous risks involved with investing, “risk,” as we refer to it in this paper, means volatility or standard deviation; it does not specifically encompass other sources of investment risk.
Commentary: A Brief History of US Economic Crises: 1929 - PresentDec102008Article
While no two economic crises have been alike, one factor that they share is that they have all ultimately ushered in a new age of economic growth and prosperity of varying length—hopefully with many lessons learned.