Investment Management

Asset Allocation Views

06/06/2017

Voya Multi-Asset Perspectives - June 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

Equity markets seem well supported but not fully positioned. Surprisingly, bonds are still accumulating more flows than equities. Low volatility may persist far longer than expected. We believe equities can hold onto their gains and bond markets may face marginally higher yields later this year.

05/03/2017

Voya Multi-Asset Perspectives - May 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

Broad earnings strength in the United States, Europe and emerging markets bolsters our continuing bias toward risk assets. We believe U.S. Treasury bonds are not likely to produce much beyond their coupon rate for this year.

04/04/2017

Voya Multi-Asset Perspectives - April 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

Despite the cooling of U.S. risk assets in March, we continue to believe the stock market has room to run. The economy is strengthening, corporate earnings are growing and investment flows indicate there is ample headroom for rotation back to risk assets.

03/07/2017

Voya Multi-Asset Perspectives - March 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

Equity markets posted strong gains in February powered by positive economic surprises, continued reflation and low volatility. We believe solid sales and earnings growth can support lofty equity multiples in the United States, where we remain overweight.

02/06/2017

Voya Multi-Asset Perspectives - February 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

Higher earnings, reflation and lower volatility combined to propel risk assets upward in January. Almost a year after the February 2016 lows, U.S. equities have gained more than 25% and 10-year U.S. Treasury yields are 0.75% higher. We see this theme persisting globally, with year-over-year leading indicators at their highest readings in six years.

01/05/2017

Voya Multi-Asset Perspectives - January 2017

By Barbara Reinhard, CFA, Head of Asset Allocation

December was another solid month for U.S. equity markets; equities may finally get some traction among investors as coming reflation initiatives take hold. Consumer confidence and wage growth will be key economic indicators to monitor going forward. We continue to find fixed income opportunities in high yield and senior loans.

12/01/2016

Voya Multi-Asset Perspectives - December 2016

By Barbara Reinhard, CFA, Head of Asset Allocation

Since election day domestic equity markets have rallied to all-time highs on expectations that President-Elect Trump’s plans will be supportive. We think the rally can run quite a bit longer; only over the past two weeks have we seen meaningful net inflows to equities. Since mid-October, bond yields have climbed unabatedly, mostly wiping out YTD gains for 10-year U.S. Treasuries. In our view, bonds are still expensive but getting more interesting. We believe equities can withstand a 10-year U.S. Treasury yield up to 2.75% before being negatively affected.

11/09/2016

Post-Election Wrap Up

By Paul Zemsky , CFA, Chief Investment Officer, Multi-Asset Strategies and Barbara Reinhard, CFA, Head of Asset Allocation

Voya's Multi Asset Strategies and Solutions team breaks down what investors need to know in the immediate aftermath of the 2016 Presidential Election.

11/01/2016

Voya Multi-Asset Perspectives - November 2016

By Barbara Reinhard, CFA, Head of Asset Allocation

Economic fundamentals and growth are improving; market sentiment is neutral and the Fed appears tolerant of inflation. We think U.S. corporate profits can post gains for 2017. We are modestly positive on equities, with a focus on the U.S. and emerging markets, and positive on credit.

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