Investment Management

Market Insights


A Holistic Approach to Target Date Design

By Paul Zemsky, CFA Chief Investment Officer, Multi-Asset Strategies

How should Plan Sponsors think about evaluating Target Date Funds? In our new brochure, we offer a comprehensive approach for selecting the fund that best matches the needs and characteristics of the plan and its participants.


Capital Market Assumptions for 2017

By Multi-Asset Strategies and Solutions Team

Our capital market assumptions provide estimates of expected returns, standard deviation of returns and correlations among major U.S. and global asset classes over a ten-year horizon. These estimates guide the strategic asset allocation for our multi-asset portfolios and provide a context for shorter-term economic and financial forecasting. These comments reflect final asset class forecasts of risk and return for 2017-2026 and are subject to change.


Senior Bank Loan 2017 Outlook

By Jeff Bakalar and Dan Norman, Co-Heads Senior Loan Group

Looking ahead to 2017, senior bank loans seem poised for another strong year. In our annual forecast, we break down the factors expected to drive risk and return in the asset class.


What is Credit Risk Transfer?

By Dave Goodson, Head of Securitized Investments, Fixed Income

Learn more about this relatively new and growing fixed income segment.


Volatility Controlled Equity Strategies: A Long-Term Investment Solution

By Vincent Costa, CFA, Head of Global Equities

Vincent Costa, CFA, Head of Global Equities explains why rumors surrounding the death of low volatility are greatly exaggerated.


How to Achieve Best Execution in Today's Complex Equity Trading Environment

By Nanette Buziak, Head of Equity Trading

The growth of dark pools and market fragmentation has redefined what it means to deliver “best execution” for equity trades. Voya’s Head of Equity Trading Nanette Buziak discusses the most important questions investors should be asking equity managers in this complex new trading environment, and shares insight into Voya’s rigorous process for preventing information leakage.


Market Insight: Impact of the Credit Cycle on Security Selection

By Kurt Kringelis, CFA, CPA, JD, Head of Credit Strategy

Deeper understanding of the credit default cycle helps managers make better security selections. This Insight dispels several myths about the relationships between credit spreads and credit curves, and the varying impact of market swings on maturity buckets.


How Bankable is the U.S. Consumer?

By Wes Mannan, Senior Credit Research Analyst, Investment Grade Credit

The financial crisis era induced a behavioral shift among consumers, who remain cautious towards borrowing and spending. Consumer balance sheets have greatly improved since the crisis and today consumers show greater willingness to use revolving credit. While this suggests spending will increase, caution may restrict its pace but quite likely will extend the length of this economic cycle.


Upbeat Fed Statement Will Have Little Impact on Yields

The Fed delivered a more upbeat statement, upgrading its economic assessment and noting that risks to the domestic outlook have diminished.