Equities, convertibles, and high yield markets advanced in Q1
Investors digested above-consensus earnings, mixed economic data, and shifting market expectations around Federal Reserve easing in the first quarter. Fourth quarter earnings results were better than expected, with most companies beating both top- and bottom-line forecasts.
Visibility around earnings, U.S. dollar and Treasury market stabilization, and an end to the rate-hike cycle could be positive developments for stocks. Any equity market volatility is expected to present opportunities for active managers to take advantage of better prices for attractive investments.
Investment Partner
The commentary is the opinion of the subadviser. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.
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Past performance is not indicative of future results.
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