DIAL News and Press, Columbia Diversified Fixed Income Allocation From 01/23/21

We are still grappling with the ravages of COVID-19, but vaccinations are being administered across the globe and should help bring confidence - and economic growth - back later in the year. Europe will almost assuredly see a double-dip recession, but that is due to lockdowns that are...

The wild swings in government bond yields that characterized most of 2020 were largely muted in December. Finland's 10-year government bond yield saw the largest movement, falling by more than 5 basis points to finish at -0.44%. Australian 10-year bond yield increased by more than...

Investors were concerned that EM countries would bog down their economies by trying to undertake developed-market-level quantitative easing. While the potential risks to EM sovereigns have dissipated, valuations for high-yield sovereigns remain the most compelling opportunities. S...

Despite suffering steeper losses in the March panic and again in the September/October correction, the Russell 1000 finished 2020 with a threefold lead over its global peers (up 21% versus 6.8%, respectively). As was the case globally, P/E multiple expansion, rather than dividend or f...

A long history of extremely low yields in Japan suggests that low yields do not necessarily map to low returns. Amid the dramatic sell-off in risk assets in March 2020 as the global pandemic took hold, and again in September 2020 when equity markets pulled back sharply, government bon...

According to recent data from global index provider FTSE Russell, US Treasuries have become expensive compared to other major sovereign bond markets over the last four years, as measured by US yield spreads versus the FTSE World Government Bond Index excluding the US (WGBI ex. US). Du...

The world currently has $18.1 trillion in negative-yielding debt, which is a boon and a godsend for the nations and corporations that have it. It is a "Borrower's Paradise" and a "Fixed Income Investor's Hell." All across the spectrum, the compression to Treasuries is taking place. Th...

One had hoped for 2020 to be a year with a clear (20/20) vision for a promising future. Alas, it turned out to be anything but. Unlike the US and Europe, Asia still has more levers at its disposal to manage its economy in the near term with interest rates not yet at zero and with more...

Asset valuations, in themselves, cannot tell us when bubbles will burst, but they suggest when we are witnessing them and the depth of liquidation coming on the other side. Today, equities, corporate and many sovereign bonds (and the funds and ETFs that hold them) are more extremely p...

Over 300 no load mutual funds available to small investors, nearly 200 exchange-traded funds, and over a dozen closed-end funds representing 120 Lipper Categories are ranked. The funds are ranked based on Risk, Risk Adjusted Performance, Momentum, Quality, Yield, and Consistency. ...