Investment Management

Voya Investment Management Market Perspectives

April Fools Abound as Market Catches Investors off Guard

April Fools Abound as Market Catches Investors off Guard

Douglas Coté, CFA, SVP & Chief Market Strategist

April Fools investors with sharp positive reversals in quarterly profits, crude oil prices and European bond yields.

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Weekly Commentary and Statistics

Weekly Commentary and Statistics

A quiet week in the equity markets ahead of the long Memorial Day weekend saw the S&P 500 and Nasdaq set new record highs.

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Asset Allocation Views: May 2015: Rates Reversal

By Paul Zemsky, CFA, CIO, Multi-Asset Strategies, Derek Sasveld, CFA, Head of Asset Allocation, Jon Kaczka, CFA, Asset Allocation Analyst

Despite early data suggesting a lackluster second quarter bounce in economic activity, U.S. rates and rate volatility have moved higher since mid-April. In conjunction with this rise in Treasury rates, a spike in German bund yields seemed to temporarily take the wind from the sails of the strong European equity market. Emerging market outperformance began to fade as Chinese officials started to caution investors on signs of equity market speculation.

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Fixed Income Perspectives- May 2015

Adding “bund blowup” to a list that already includes “taper tantrum” and “franc fiasco”, it appears we’re mired in a period during which central bank activity is more likely to increase volatility than dampen it, as sharp changes in policy expectations whipsaw markets.

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Market Review - April 2015: Tense Present

Market Review - April 2015: Tense Present

Daniel P. Donnelly, Head of Investment Communications

The sharp April reversal of trends established in only the very recent past upended some of the first quarter’s most lucrative — and most crowded — trades and had investors uncertain about the here and now. While it would not be surprising to see these tendencies reassert themselves in the coming months, the turnabout highlighted the volatility the future may hold as domestic policy normalization rubs up against an otherwise highly accommodative global financial system.

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Market Review - 1Q15: This Is Not an Exit

Market Review - 1Q15: This Is Not an Exit

Daniel Donnelly, Head of Investment Communications

1Q15: This Is Not an Exit Markets lacked conviction throughout the first quarter, their direction buffeted by myriad factors, central bank messaging not least among them. Though the Federal Reserve appears to be moving ever closer to the launch of a rate-hike cycle, there’s enough evidence to suggest that the timing of liftoff may be less immediate than thought only weeks ago. The actions of most other policymakers, meanwhile, have only grown more accommodative.

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