Investment Management

Voya Investment Management Market Perspectives

Wall of Worry Punishes Market in January

Wall of Worry Punishes Market in January

Karyn Cavanaugh, CFA, Senior Strategist

While there’s been no shortage of risks to roil investors here in the new year, it’s more important to focus on ever-growing corporate earnings and adequate diversification.

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Weekly Commentary and Statistics

Weekly Commentary and Statistics

Stock markets extended their gains into the third week of February. In the U.S., a holiday-shortened trading week produced solid progress for most equity indices; both the DJIA and S&P 500 established new records, while the Nasdaq closed just 1.9% short of its March 2000 peak. European and Asian bourses posted similar results to establish new multi-year highs. Yield on the benchmark ten-year U.S. Treasury was volatile, but ultimately higher; it’s risen nearly 50 bps over the past three weeks. Oil prices remained under pressure and finished lower.

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Asset Allocation Views: A Risk Rally

Asset Allocation Views: A Risk Rally

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

February thus far has delivered a reversal of the January declines experienced by U.S. equities, U.S. Treasury rates and oil prices. European risk assets have continued to rally despite a lackluster earnings season and a pause in the euro’s fall.

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Fixed Income Perspectives - February 2015

Fixed Income Perspectives - February 2015

Christine Hurtsellers, CFA CIO Fixed Income; Matt Toms, CFA Head of U.S. Public Fixed Income

The year-to-date choppiness in interest rate, currency and spread markets is a testament to the uncertainty surrounding the ability of the U.S. to remain an island of relative tranquility amidst the macro polar vortex that swirls around it.

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Market Review --  January 2015: More Than Words

Market Review -- January 2015: More Than Words

Daniel P. Donnelly, Head of Investment Communications

While the profound weakness in oil prices continued to rattle markets into the new year, central banks seized center stage in January. As investors continue to parse every utterance by the Federal Reserve for clues about the coming rate hike cycle in the U.S., the European Central Bank redefined its commitment to do “whatever it takes” in support of its currency union while authorities in many other international domiciles appear similarly biased toward accommodation.

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Market Review - 4Q14: Things Gone and Things Still Here

Market Review - 4Q14: Things Gone and Things Still Here

Volatility returned to risk markets in the fourth quarter, as fears about the pace of Federal Reserve normalization and plunging oil markets had investors on edge. Assurances from the central bank that it would take a “patient” approach to the coming rate-hike cycle helped soothe investor concerns about life in a post-QE world, however, extending the domestic bull run through the end of the year.

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