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Accent Image_Fed Outmaneuvers
Trump Outmaneuvers Fed Via Trade Policy

Amid strong/persistent headwinds, Seix Investment Advisors explore the implications of the Fed’s reflexive responses to massive sell-offs and escalating trade tensions, as policy seems fixated on ever rising asset values.

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Senior Loan ETFs: The Strong Case for Active Management

Active managers of senior loans with long-term records of strong risk-adjusted returns have the potential to weather diverse market conditions, particularly in the later stages of the business cycle.

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Virtus Zevenbergen Innovative Growth Stock Fund Featured in New York Times

In this New York Times article, portfolio manager Nancy Zevenbergen shares insights on her team’s strategy and some of their favorite long-term holdings of the Virtus Zevenbergen Innovative Growth Stock Fund. The Fund invests in well-run, high-growth companies across market caps, but small-caps were big contributors to the Fund’s first quarter performance.

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MLPs and Energy Infrastructure: Q1 Market Review & Outlook

Duff & Phelps’ MLP investment team’s quarterly update on the MLP and energy infrastructure sector includes a recap of first quarter performance, market events, and thoughts on the opportunities ahead.

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z - Cover Image: Focus On: Virtus Herzfeld Fund
Focus On: Virtus Herzfeld Fund

Q&A with Eric Herzfeld, President, Thomas J. Herzfeld Advisors, subadviser to Virtus Herzfeld Fund. Though less familiar than other securities to many investors, closed-end funds offer the potential for attractive long-term returns with a...

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China: Hurdles to Stimulus- Economy to Slow Further

Seix Investment Advisors discusses China’s ability to deliver solid economic growth in the coming months in order to prevent a further global slowdown in 2019 and beyond.

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z - Cover Image: Vital Signs: The Indexing Sugar Rush
2019 Q1 Vital Signs: The Indexing Sugar Rush

We’ve recently experienced a market in which the rising tide of global central bank easing has lifted virtually all boats. With everything going up regardless of price or quality, has diversification through active management lost its sheen? The rolling returns for the S&P 500® Index provide a crystal-clear illustration of the reality of market cycles.

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Fed Pivot Creates Favorable Technical for Flexible Credit Managers

The Fed’s pivot toward a more accommodative policy has driven a shift in both issuer and investor preferences, as evidenced by recent supply data and fund flows. This shift has created dislocations within the capital structure, allowing managers with flexible mandates to take advantage of relative value opportunities.

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Why “Home Bias” is Shortsighted

In today’s global economy, thriving companies aren’t bound by geography—not in where they are headquartered, nor in where they derive their income. Vontobel Asset Management discusses why investing beyond one’s own borders may benefit performance over the longer run. Also includes a brief discussion of the Virtus Vontobel Global Opportunities Fund.

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Why Consider Active versus Passive Management in High Yield

The benefits of active versus passive management has been a longstanding question in asset management. The debate has gained momentum in recent years as only a few managers in certain asset classes have been able to outperform index-replicating strategies on a net basis.

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Mid Caps: At the Center of Attention

Explore the key attributes of mid-cap investing and the opportunities offered to investors, and use our interactive tool to see how an allocation to mid caps may improve an equity portfolio’s performance and mitigate risk over time.

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Leveraged Loans: Rates Not Rising? Don't Let That Sway You

Despite significant outflows in recent months, bank loans is still one of the best risk-adjusted asset classes since 1992.

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KAR’s Quality Equity Approach Featured in Forbes

Virtus affiliate Kayne Anderson Rudnick (KAR) is the subject of a Forbes magazine feature that includes an in-depth interview with KAR CIO Doug Foreman and centers on the company’s quality-driven approach to stock selection.

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In Case You Missed It: Joe Terranova Comments on Virtus' 10 Year Anniversary (Video)
In Case You Missed It: Joe Terranova Comments on Virtus’ 10th Anniversary

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Morningstar Bronze Rating: Virtus Seix Floating Rate High Income Fund

“A well-executed, thorough process and cheap fees make Virtus Seix Floating Rate High Income a solid option among bank-loan funds.” – Kenneth Oshodi, Morningstar Manager Research Analyst

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Q4 MLP and Energy Infrastructure Market Review & Outlook

Plunging oil prices combined with a global market sell-off sent the midstream energy sector down over 17% in the fourth quarter of 2018 (as measured by the Alerian MLP Index), putting stocks dangerously close to their 2016 lows. Duff & Phelps’ Infrastructure Team assesses the events of the quarter and offers perspective on what’s ahead for 2019.

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z - Cover Image: Vontobel Manager Perspectives: ESG in Emerging Markets: More than Meets the Eye
Vontobel Manager Perspectives - ESG in Emerging Markets: More than Meets the Eye

In this Manager Q&A from Vontobel Asset Management, Sudhir Roc-Sennett, Senior Portfolio Adviser to the Emerging Markets Equity Strategy, discusses the firm’s philosophy and approach to environmental, social and governance (ESG) investing specific to emerging markets.

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z - Cover Image: Vontobel Viewpoints: Retail: Can Brick and Mortar Deliver for the Right Franchise?
Vontobel Viewpoints - Retail: Can Brick and Mortar Deliver for the Right Franchise?

In this age of digital disruption, the retail space is littered with companies that have fallen by the wayside. This paper from Vontobel Asset Management discusses how brick and mortar franchises can continue to prosper so long as they can generate incremental growth from e-commerce and adapt to a changing landscape.

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z - Cover Image: 4Q 2018 Vital Signs: The End of an Era: 2018 in Perspective
2018 Q4 Vital Signs: End of an Era - 2018 in Perspective

2018 marked the first down year for the U.S. equity market since 2008. The 2009-2017 stretch ties as the longest annual winning streak in market history. Until the fourth quarter, markets were buoyant, but political instability at home and abroad, rising interest rates, and a potential growth slowdown rattled global markets. Other than cash, all asset classes ranged between flat and down.

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z - Cover Image: Global Listed Real Estate Review and Outlook
Global Listed Real Estate: 2018 Review & 2019 Outlook

Cash flow and dividend growth remain positive drivers for global listed real estate, while the impact of monetary and fiscal policies remains uncertain. The Duff & Phelps Global Real Estate Investment Team takes a look at how the asset class performed in 2018 and shares their expectations for the year ahead.

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Loan Market Update

Frank Ossino, Senior Managing Director and Senior Portfolio Manager, provides his insights regarding year-end volatility in the loan market and opportunities it may present.

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John Creswell - TD Ameritrade Morning Trade Live - Dec 2018
TD Ameritrade’s “Morning Trade Live” - John Creswell on Global Infrastructure Investing

View Duff & Phelps Executive Managing Director John Creswell’s 10-minute TDAmeritrade interview on global infrastructure investing and learn about Virtus Duff & Phelps Global Infrastructure Fund.

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z - Cover Image: Newfleet 2019 Fixed Income Market Outlook
Newfleet - 2019 Fixed Income Market Outlooks

Newfleet presents its 2019 broad fixed income market outlook and specific outlooks for Bank Loans and High Yield. Team members discuss opportunities and areas of concern across the various sectors in which Newfleet invests.

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z - Cover Image: Leveraged Loans and High Yield Bonds: Hedging Inflation in Retirement Plans
Leveraged Loans and High Yield Bonds: Hedging Inflation in Retirement Plans

With inflation a growing concern, retirement investors may wish to consider an allocation to non-traditional inflation hedges like high yield bonds and leveraged loans which offer little to lower duration risk, respectively, and a low correlation to investment grade bonds, as well as other benefits.

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December 2018 "Vital Signs" [Podcast]

2018 in Perspective

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November 2018 "Vital Signs" [Podcast]

October was a newsworthy and noteworthy month in the markets. What happened?

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3Q18 CIO Insights – Panel Discussion [Audio Replay]

Chief Investment Officers at Virtus affiliate investment managers—Doug Foreman (Kayne Anderson Rudnick Investment Management), Jim Keegan (Seix Investment Advisors), and Nathan Partain (Duff & Phelps Investment Management)—discuss market volatility, Fed policy, inflationary pressures, corporate earnings and revenues, the yield curve, and other timely and topical issues.

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z - Cover Image: 3Q 2018 Vital Signs: Following the Leaders
2018 Q3 Vital Signs: Following the Leaders

Nearly a decade into the post-2008 crisis era, this bull market has featured not just sizable returns and relatively little volatility, but strong leadership from a group of powerful, headline-grabbing companies: the “FAANG” stocks (Facebook, Apple, Amazon, Netflix, Google). Diversified portfolios can own these stock market darlings, but are not structured to keep pace with them.

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Q3 Energy and MLPs Market Review & Outlook

Momentum from the second quarter continued into the third quarter for the energy space, as North American energy infrastructure stocks rallied hard in July and the first half of August, jumping 12.65% (as measured by the Alerian MLP Index).

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October 2018 "Vital Signs" [Podcast]

Bonds are struggling in 2018. Should investors be concerned?

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Much Ado About Taxes

Seix Investment Advisors’ Tax-Exempt team provides insights on the municipal market’s reaction to tax reform.

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z - Cover Image: The Wall Street Transcript – Providing Stable Risk-Adjusted Income Through a Leveraged Finance ETF
Newfleet’s Frank Ossino Featured in The Wall Street Transcript

Frank Ossino discusses potential benefits of the Virtus Newfleet Dynamic Credit ETF’s active approach and broad opportunity set.

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September 2018 "Vital Signs" [Podcast]

Why does the 2008 crisis still loom large for so many investors?

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z - Cover Image: The Case for Bank Loans Remains Strong
The Case for Bank Loans Remains Strong

Featured in Wealth Management’s 2018 Midyear Outlook edition, Frank Ossino discusses Newfleet’s outlook and investment thesis for bank loans at the midyear point.

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MLP Regulatory Update: The FERC Blinked

The MLP investment team at Duff & Phelps explains how the Federal Energy Regulatory Commission’s mid-July about-face on its March tax policy ruling has bolstered an already compelling case for MLPs.

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REITs Revisited: The Bid Remains!

It’s been over three months since M&A activity started to pick up in the U.S. REIT space. The Duff & Phelps Global Real Estate Investment Team provides a quick update on the sector which appears to have room to run.

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z - Cover Image: North American Energy Infrastructure: Changing Landscape Offers Future Opportunities
North American Energy Infrastructure: Changing Landscape Offers Future Opportunities

The steep fall in oil prices in 2014-2015 caused pain for investors in energy infrastructure stocks and MLPs. Flash forward and the world is much brighter for energy as evidenced by secular growth, greater transparency, sustainable yields, and stronger corporate governance. Duff & Phelps walks through the fundamental changes that have transformed the investment outlook for the listed energy infrastructure sector.

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August 2018 "Vital Signs" [Podcast]

U.S. corporate earnings are strong. Is there any sign of slowing?

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Vontobel Viewpoints: Trading in China A-Shares
Vontobel Viewpoints: Trading in China A-Shares

China continues to open its market to foreign investors. The recent addition of 236 large-cap China A-shares to the MSCI Emerging Markets Index, among other MSCI indices, will lead to a significant increase in first-time overseas investors entering the Chinese A-share market. Vontobel Asset Management outlines how investors are able to get exposure to this opportunity.

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2Q18 Market Insights - Live Panel Discussion [Audio Replay]

Industry leaders from select Virtus investment partners discuss their economic and market insights.

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Energy and MLPs Mid-Year Market Review & Outlook

Duff & Phelps’ MLP investment team offers mid-year insights on the energy sector, including updates on global demand, recent MLP restructurings, midstream index changes, and pipeline approvals.

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z - Cover Image: 2018 2Q Vital Signs: The Value Investing Slump
2018 Q2 Vital Signs: The Value Investing Slump

Even when investors abide by tried and true principles, success in the markets is hard because history never repeats. For example, value investing—buying stocks that are cheaper than the overall market—has been a winning strategy for much of the last century. Yet for much of the post-crisis era, growth investing has prevailed, thanks largely to technological innovation in the digital economy. Buying cheaper has not kept pace with chasing trends.

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July 2018 "Vital Signs" [Podcast]

July market review podcast featuring Virtus' Chief Market Strategist Joe Terranova and Director of Investment Education Brian Portnoy, Ph.D., CFA

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z - Cover Image: Vontobel Viewpoints: Brazil
Vontobel Viewpoints: Brazil – The Moment of Truth

Brazil has sold off as the market fears the country is in trouble. If the huge pension program is not reformed, it will add expense to a budget already in deficit. On top of this, there will be a new president elected in October. In Vontobel’s view, whichever government wins, it will have little choice but to reform.

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Global Listed Infrastructure Q&A with Duff & Phelps

In April and May 2018, members of Duff & Phelps’ Global Listed Infrastructure team traveled to Australia, New Zealand and Europe for investment research trips. Senior portfolio manager Connie Luecke, CFA, shares insights gleaned from site visits and meetings with management.

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z - Cover Image: Vontobel Viewpoints - Consumer Staples: Orphans or Heroes?
Vontobel Viewpoints - Consumer Staples: Orphans or Heroes?

Even when investors shun consumer staples companies and their stock prices underperform the market, Vontobel Asset Management is content to maintain meaningful positions in a select few quality staples stocks that fit their requirements. Their latest positioning paper explains why.

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June 2018 "Vital Signs" [Podcast]

In 2018's second half, what positive or negative tilts can investors and their advisors consider for a diversified portfolio?

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z - Cover Image: Vontobel Viewpoints: EM Currencies Take A Knock
Turning the Corner: Emerging Market Currencies Take A Knock

Since the end of the first quarter, the outlook for higher U.S. interest rates has been accompanied by a major sell-off in a number of EM currencies. Vontobel has not seen FX declines of this magnitude since the taper tantrum of 2013.

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REITs: The bid is back!

The Duff & Phelps Global Real Estate Investment Team comment on the positive pickup in deal activity in the industrial REIT space over the past month.

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Focus on: Global Opportunities in Real Estate

A Q&A with the portfolio managers of the Virtus Global Real Estate Securities Fund

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State of the Markets - 1Q18 Panel Discussion [Audio Replay]

Industry leaders from select Virtus investment partners discuss their economic and market insights.

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April 2018 "Vital Signs" [Podcast]

The new normal of volatility and an emphasis on communication between investors and advisors.

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z - Cover Image: Bank Loans - We've Been Here Before
Bank Loans: We've Been Here Before

Bank loans are off to a good start in 2018, demonstrating their resiliency to the rising interest rate environment that is negatively impacting fixed-rate asset classes. Newfleet reinforces their view on the strategic reasons for owning bank loans as part of a fixed income portfolio.

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Italian General Election Results: What’s Next?

Duff & Phelps’ International Equity portfolio team discusses the political and investment implications of Italy’s general election held on March 4, 2018, following dissolution of the country’s parliament in December 2017. No political party garnered an outright majority, resulting in a hung parliament.

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David Albrycht on CNBC's Closing Bell, March 13, 2018
Dave Albrycht on CNBC's Closing Bell

Dave Albrycht, President and Chief Investment Officer of Newfleet Asset Management, discusses his outlook for interest rates and portfolio positioning for rising rate environments.

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March 2018 "Vital Signs" [Podcast]

Diversification is the answer to weathering volatile markets.

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z - Cover Image: Seix - A Compelling Case for Leveraged Loans
A Compelling Case for Leveraged Loans

Seix Investment Advisors believes there are a number of compelling reasons to invest in leveraged loans. In the current market environment, when most assets are trading near historically high levels, loans remain attractive on a risk-adjusted basis compared to other asset classes.

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z - Cover Image: Vontobel Viewpoints: Secular Growth Opportunities in the Global Payments Industry
Vontobel Viewpoints: Secular Growth Opportunities in the Global Payments Industry

The $1 trillion+ global payments industry represents tremendous secular growth opportunities. This research paper discusses how networks such as Visa and Mastercard have powerful competitive positions and represent durable franchises with the potential to reward their shareholders for many years. Also touches on: e-commerce opportunities, Asia’s competitive landscape, the regulatory environment, and the impact of cryptocurrencies.

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Infrastructure Investment and Interest Rates

The macro landscape is forming a firm foundation under the infrastructure asset class, with demand powered on by a range of unforeseen geo-political circumstances. John Creswell, Executive Managing Director at Duff & Phelps Investment Management is quoted in this article published in the GLIO Journal.

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February 2018 "Vital Signs" [Podcast]

The market quiet is over.

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z - Cover Image: Vontobel Viewpoints: Less Taxing Times
Vontobel Viewpoints - Less Taxing Times

Vontobel Asset Management examines the effects of the Tax Cuts and Jobs Act of 2017 on U.S. corporations on a general level and specific to the high quality companies in which the firm invests.

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z - Cover Image: Seix Potential Impact of the Tax Cuts and Jobs Act on the Muni Market 2018
Potential Impact of the Tax Cuts and Jobs Act on the Municipal Market 2018

Seix Investment Advisors’ municipal bond team examines potential implications of the tax reform bill.

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David Albright Squawk Box
Newfleet’s Dave Albrycht on CNBC

Dave Albrycht, President and Chief Investment Officer of Newfleet Asset Management, was featured on CNBC to discuss his outlook on the bond market and potential alpha drivers in the year ahead.

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January 2018 "Vital Signs" [Podcast]

What are the top-of-mind items investor should think about as they bridge into 2018? Will inflation be part of the conversation? More so than it's been for a while?

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z - Cover Image: Seix - Pension Crisis - January 2018
Pension Crisis

Featured in Wealth Management’s 2018 Year-End Outlook edition, Seix examines unfunded pension liabilities, a key credit concern across municipal markets, and cautions muni investors to take notice.

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Trends in Global Investing

What keeps asset managers up at night? Where do pockets of value exist today? Sudhir Roc-Sennett, Senior Portfolio Adviser at Vontobel Asset Management, helps to answer these questions and more in Trends in Global Investing, a supplement featured in Pensions & Investments.

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z - Cover Image: Vontobel Viewpoints - Valuation: Taking a Long-Term View
Vontobel Viewpoints - Valuation: Taking a Long-Term View

Vontobel is constantly navigating the markets in search of genuine quality companies that not only meet its strict criteria for profitability, stability and growth – but are also sensibly priced. In this paper Vontobel explains its philosophy on valuation, the challenges of imperfect measurement and what has led them to develop their own investment chronometer.

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Quarterly Market Review: Capital Markets Update with Joe Terranova (Podcast)

Virtus' Chief Market Strategist Joe Terranova discusses various financial market and investment topics as we move through the final quarter of the year, including the importance of a diversification strategy.

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Joe Terranova's Market Insights: November 2017 "Vital Signs" [Podcast]

Monthly market review podcast featuring Virtus' Chief Market Strategist Joe Terranova and Director of Investment Education Brian Portnoy, Ph.D., CFA.

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z - Cover Image: Vontobel Viewpoints: IT Stocks
Vontobel Viewpoints: Why IT Stocks are Well Suited for Quality Growth Investors

At the Vontobel Quality Growth Boutique, we believe that to invest in technology alone is not enough. We invest in technology businesses that we strongly believe in and that we think can provide outsized returns for our clients over many years. By employing our time-tested approach of quality growth investing at sensible prices, we have found a few choice Information Technology (IT) companies meeting our high hurdle rates.

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z - Cover Image: DPIM Market Review & Outlook
Virtus Viewpoints | Duff & Phelps Market Review & Outlook - Focus on Global Growth

Despite natural disasters, rising tensions with North Korea, dysfunction in Washington, and continued acts of global terrorism, global equity markets continued their steady upward movement in the third quarter, with the S&P 500® Index up 4.5%, the Europe STOXX® 600 Index up 2.8%, the Nikkei 225 Index up 2.2%, and the Hang Seng Index up 7.4%. For the S&P 500, it was the eighth straight quarterly advance.

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z - Cover Image: Seix Perspectives- Recent Hurricanes' Impact on the Muni Market (September 2017)
Seix Muni Perspectives - Recent Hurricanes' Impact on the Muni Market (September 2017)

Over the last month, we have seen three Category 4 hurricanes make landfall in the United States: Hurricane Harvey on the Texas Gulf coast, Hurricane Irma on the Florida Keys and Florida peninsula and Hurricane Maria on Puerto Rico and the US Virgin Islands. This is an unprecedented occurrence and is expected to have far-reaching ramifications to the affected areas, national economy and insurance sector. Thus far however, effects in the municipal market have been relatively minor, though we could see fut

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Midstream Energy and MLPs in the Wake of Hurricane Harvey

Since Hurricane Harvey made landfall in Texas on August 25, the impacts have been deeply felt at the economic and, more importantly, humanitarian levels. With approximately $1.0 billion of investments in midstream energy and MLP assets under management, Duff & Phelps’ Energy & MLP portfolio management and research team summarize their thoughts on the space, based on data available as of September 1, 2017.

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Joe Terranova's Market Insights: September 2017 "Vital Signs" [Podcast]

What should be on investors’ minds as they sent their kids off to school in September and focus on their portfolios once again? Virtus Chief Market Strategist Joe Terranova discusses this and other timely investment topics with Brian Portnoy, Director of Investment Education in the latest monthly installment of the Virtus Vital Signs podcast.

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z - Cover Image: Is LIBOR Going Away?
Is LIBOR Going Away?

On July 27, 2017, the U.K. Financial Conduct Authority announced its intention to phase out LIBOR by the end of 2021. What does this mean for financial products that use LIBOR as a reference rate, such as bank loans? Frank Ossino, Newfleet’s Bank Loan Sector Head, provides insight in a special commentary.

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z - Cover Image: Financial Conditions, Inflation and Central Bank Shifts
Financial Conditions, Inflation and Central Bank Shifts

The last year has been interesting to say the least with the first half of 2017 a continuation of the “expect the unexpected” theme. From Brexit and the Trump election to the snap election in the UK earlier this year...

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Portfolio Playbook Second Half 2017 [Podcast]

Joe Terranova, Virtus' chief market strategist, focuses on the second half of the year in his Q3 market review call.

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What Global Synchronized Expansion?

Every so often, markets get excited about the prospects for faster growth. This year is not different. Many analysts and media outlets have pounded the table on the notion that the global economy has entered a new synchronized expansion not seen since the financial crisis. Seix analyzed the data to determine the validity of this position.

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