We've had a couple of firms go on to repeat for a couple of years now, and it often surprises me that with all the competition in this industry that anyone can stay on top for as long as they do, it speaks to the people and the process they must have in place. I don't think it happens by accident.

Jeff Tjornehoj

Categorized in : Money

With Fed rate hikes moving at a snail’s pace, a primary motivator for investors seeking inflation protection - the rate reset feature of loans – is greatly diminished.

Jeff Tjornehoj

money

While we’re very unlikely to see the US$20bn-plus outflows of the previous few years, these funds will continue to struggle with redemptions this year.

Jeff Tjornehoj

money

ETF investors have fueled the bull market since the end of February.

Jeff Tjornehoj

company-news

They did like technology and utilities, which is an odd combination because utilities are a defensive play and technology is an aggressive one.

Jeff Tjornehoj

company-news

It takes the perspective that many investors have, we are hurt by losses more than we are rewarded by gains.

Jeff Tjornehoj

money

Retail investors have been leery about equity for some time, they want to see a sustained rally.

Jeff Tjornehoj

company-news

We started the year off horribly - I don't think there's been a worse January in history, that sets the tone for investor expectations.

Jeff Tjornehoj

money

This is a loss of an oldie, there are not many funds that approach their 50th anniversary and drop dead just before it.

Jeff Tjornehoj

company-news

He's had years of terrific performance but there is just so much volatility associated with his funds.

Jeff Tjornehoj

company-news

Given enough time, it could work out, but that's the issue at hand: Will investors give them enough time to see this through?

Jeff Tjornehoj

company-news

There were some ETF investors who liked what they saw in gold, there's always a point in the market where someone wants to be the first to spot the dip.

Jeff Tjornehoj

company-news

Retail investors haven't seen enough momentum in the market to really prompt them to take another spin in loans, the market just looks too volatile.

Jeff Tjornehoj

company-news

The market is showing some concern on the direction of interest rates.

Jeff Tjornehoj

money

Not only did investors back away from domestic issues, but emerging-markets investors also read the tea leaves on higher interest rates, and they pulled money out.

Jeff Tjornehoj

money

It points to concerns about higher interest rates ahead.

Jeff Tjornehoj

money

Until we get better economic news out of China, I think the negative sentiment will weigh on investor behavior.

Jeff Tjornehoj

money

The reason people got into loan funds was to protect themselves in a rising rate environment, they were sold on that idea a couple of years ago, especially in 2013 when they came flooding in. They have since failed to see a rise in rates, and money has been pulled out month after month after month.

Jeff Tjornehoj

company-news

I don't have a very hopeful view for loan funds taking in money any time soon, and I think we'll see more outflows.

Jeff Tjornehoj

company-news

Now it's debatable whether the Fed will even act in December.

Jeff Tjornehoj

company-news

Given the wildcards out there - the Fed decision, will a recession hit China - the bond market will have more chances to get whipsawed, i think loans will outperform high yield, which has been trending lower with stocks. Investors have treated loans differently and seem to give them a pass during volatile moments.

Jeff Tjornehoj

company-news