Commentaries

Tactical Asset Allocation and Global Macro Outlook - October 2015

Each quarter PMC’s Global Macro Committee evaluates market trends and considers where to best position client’s portfolios relative to baseline asset allocation weights. The team considers a variety of economic, valuation, and market signposts and bases their views on a six month time horizon.

Download the full October 2015 report.

PMC Global Macro Team:

  • Brandon Thomas, Chief Investment Officer
  • Zachary Karabell, Consultant, Global Head of Strategy
  • Tim Clift, Chief Investment Strategist
  • Frank Wei, CFA, CAIA, VP, Senior Investment Analyst
  • Ken Shaw, CFA, SVP, Senior Investment Analyst
  • Don Frerichs, CFA, SVP, Director Portfolio Management
  • Janis Zvingelis, PhD, CFA, SVP, Director of Quantitative Research

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Information obtained from third party sources are believed to be reliable but not guaranteed. Envestnet | PMC makes no representation regarding the accuracy or completeness of information provided herein. All opinions and views constitute our judgments as of the date of writing and are subject to change at any time without notice.

Investments in smaller companies carry greater risk than is customarily associated with larger companies for various reasons such as volatility of earnings and prospects, higher failure rates, and limited markets, product lines or financial resources. Investing overseas involves special risks, including the volatility of currency exchange rates and, in some cases, limited geographic focus, political and economic instability, and relatively illiquid markets. Income (bond) securities are subject to interest rate risk, which is the risk that debt securities in a portfolio will decline in value because of increases in market interest rates.

Exchange Traded Funds (ETFs) are subject to risks similar to those of stocks, such as market risk. Investing in ETFs may bear indirect fees and expenses charged by ETFs in addition to its direct fees and expenses, as well as indirectly bearing the principal risks of those ETFs. ETFs may trade at a discount to their net asset value and are subject to the market fluctuations of their underlying investments. Investing in commodities can be volatile and can suffer from periods of prolonged decline in value and may not be suitable for all investors.

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Index Disclosures
Index Performance, if any, is presented for illustrative purposes only and does not represent the performance of any specific investment product or portfolio. An investment cannot be made directly into an index.

FOR INVESTMENT PROFESSIONAL USE ONLY. NOT INTENDED FOR DISTRIBUTION TO THE GENERAL PUBLIC.