Investment Management

Voya Investment Management Market Perspectives

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Market Flat During Lead up to Janet Yellen Commentary

Market Flat During Lead up to Janet Yellen Commentary

The market was relatively flat during the lead up to Janet Yellen's Friday commentary at the Federal Reserve (Fed) Jackson Hole conference. Following her remarks, the major U.S. indexes fell for the week. Asian markets also declined but European bourses gained slightly. Oil was also down but has still rallied over the past month, gaining more than 14%. Gold experienced a loss for the period after hitting a four-week low on Wednesday. The ten-year U.S. Treasury note closed at approximately 1.6%.

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Asset Allocation Views - Waiting for the End of Summer

Asset Allocation Views - Waiting for the End of Summer

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

Sub-trend growth, a more gradual Fed hiking cycle and foreign demand for U.S. Treasuries should keep a ceiling on U.S. rates over the near term. In our view, this makes equities, albeit at elevated valuations, a still attractive investment.

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Fixed Income Perspectives -- Global Growth Misses Opportunity to Medal.pdf

Investors have shifted focus from "Brexit" aftermath to the strong U.S. payrolls report and its implications for Fed policy. Any momentum gained from payrolls stalled, however, after the U.S. reported uninspiring second-quarter GDP growth. Productivity fell near the low end of its historical range, which may prompt the Fed to increase rates sooner, but the absence of inflation pressure demands caution. The market currently prices less than a 50% chance for a September rate hike. We think the Fed should control its message and guide markets toward a possible December hike, if any.

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Market Review: 2Q16: Bye-Bye Blues

Market Review: 2Q16: Bye-Bye Blues

John Lauder, Senior Financial Writer

Brexit shock took center stage in June but other market factors did not fade away, quickly reasserting themselves as the shock waves receded.

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Market Review: 1Q 2016 -- Mistaken for Strangers  - PDF

Market Review: 1Q 2016 -- Mistaken for Strangers - PDF

Daniel P. Donnelly, Head of Investment Communications

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