Central Banks to the Rescue
The novel coronavirus pandemic that spread across the globe beginning in late 2019 and early 2020 presented nations with a crisis that threatened both the health of populations, as well as the vitality of national economies. As the pandemic spread, negative economic impacts resulting from pandemic mitigation measures were felt at a speed and scope not seen before.
Evaluating Proposals for Investment Advisory Services
Selecting the right Registered Investment Adviser (“RIA”) to manage your assets is one of the most important decisions you make as a financial professional. You need to make sure to ask the right questions and request the appropriate level of supporting documentation to make the most informed decision. The questionnaire as a primary reference point for these evaluations is known as a Request for Proposal (“RFP”).
Section 115 Trust Considerations for Public Agencies for Funding OPEB Obligations
Section 115 Trusts – Considerations for Public Agencies for Funding OPEB Obligations
Qualified Institutional Buyer (QIB): What Is It and How Has It Changed?
You may be thinking to yourself “what is a Qualified Institutional Buyer (QIB), and why may it be relevant to me?” Well, I would like to answer those two questions in the most colorful way possible: first giving you some quick notes on the history of the Act within which the definition of a QIB […]
Negative Yields – And Why They are (Still) Unlikely to Happen in the U.S.
Please see Chandler’s updated whitepaper where we revisit “Negative Yields – and Why they are (Still) Unlikely to Happen in the US in 2020.” This thought piece is an update to the 2019 whitepaper by Scott Prickett, CTP, Deputy CIO, Julie Hughes, Senior Portfolio Strategist, and Carlos Oblites, Senior Portfolio Strategist, and examines the unprecedented […]
Senate Bill No. 998
At Chandler Asset Management, we believe it is imperative that every California Local Agency review their investment policy on an annual basis. This includes an analysis of liquidity needs, risk tolerance, return objectives and ensuring the policy conforms to current best practices. This year, the annual review process takes on a heightened importance as California […]
Finding Safety in a Volatile Corporate Market
Over the past 20 years, there has been a significant shift in the ratings composition of the investment grade corporate bond universe. Using the ICE Bank of America Merrill Lynch US Corporate Index (C0A0) as a representation of this universe, the number of securities has grown by about 150% from 3,378 members in December of […]
State of the Municipal Bond Market
Financial markets have suffered tremendous volatility in the wake of the COVID-19 pandemic, and the $3.9 trillion municipal market is no exception. After a strong 2019 and healthy January and February 2020, the municipal market suffered investor panic in March with the dramatic impact of the coronavirus and widespread lockdowns. Credit spreads widened as investors […]
Chandler’s 2020 Economic Outlook
We expect US economic growth to moderate in 2020 toward trend growth of 1.8% compared to 2.3% in 2019. Our thesis is largely underscored by the belief that the impact of monetary policy on economic growth is somewhat lagged, and the more accommodative monetary policy stance of the Federal Reserve (Fed) and other global central […]
Negative Yields – And Why They’re Unlikely to Happen in the U.S.
[et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] Imagine a world where lenders pay you to borrow money from them; debt service on mortgages is structured so you pay back less than the amount borrowed; bank deposits cost you rather than earn you money. This is becoming the […]
