JHY News and Press, Nuveen High Income 2020 Target Term Fund of Beneficial Interest From 12/09/21

Global economic growth will be slower but still above trend in 2022. This forecast should allow equities to outperform bonds. Inflation has yet to peak, but it will likely decline over the year and as a result any central bank tightening will be modest. 2021 was a year of rebound ...

In the sovereign space, we have a strong preference for BB- or B-rated sovereigns because of the valuation that’s currently offered. On the corporate side, we have a preference in between investment-grade and high-yield rated debt. On the residential side, fundamentals are ...

Taking an active approach in fixed income will be key to finding investment success in the upcoming year. In 2022, we expect the market narrative to transition to the traditional expansionary phase of the business cycle. We believe 2022 will be a strong year for “rising sta...

The expected risk premium for the Global Market Index (GMI) ticked lower in November but remains elevated relative to recent history. Adjusting the forecast with short-term momentum and medium-term mean-reversion market factors (defined below) reduces - substantially - GMI’s ex...

In high yield, investors tend to think about it as a risky way to play fixed income. A traditional 60/40 portfolio generates somewhere about 8.7% annualized returns over the last few decades. We think investors should really look at high-yield investing as a way to de-risk their e...

November’s modest uptick in volatility, driven by a recalibration of the market’s macroeconomic expectations, could be a sign of things to come. On the surface, November may have appeared to be another month of quiet, range-bound fixed income markets. While we have n...

The Fed confirmed that it will taper its asset purchase program starting later in November, while the Bank of England (BOE) fell just short of raising rates at its November meeting. 55% of managers expect inflation in the U.S. for the next 12 months to stand between 2.26% and 2.75%, w...

We’ve seen a lot of quantitative easing by the Fed. Rates are already at zero, and there’s been a lot of fiscal stimulus that’s been pumped into the system. And we think in this environment, given where valuations are overall, you’re better off leaning more...

For the quarter, equities posted negative returns, with the US being the exception where performance was slightly positive, while the fixed-income markets were mixed. A closer look at the broad equity markets reveals that year-to-date, it has delivered generally rising returns with so...

The recent run higher in the Sharpe ratio for the Global Market Index finally reversed in October. Risk-adjusted performance has slipped, but GMI's rebound in October lifted it to a new record high. GMI is useful as a baseline to begin research on asset allocation and portfolio de...