Taxable 1Q21 Market Review & Outlook
April 13, 2021 — Fixed income had a rough opening quarter to start the year, and while we expect the recovery to keep upward pressure on rates in 2021, the pace of further upward moves is likely to be more measured into the second quarter. The growth story is quite robust, but the move in rates has been fast and markets are already pricing in a considerably more aggressive hiking time table than what the Fed’s own “dot-plot” suggests. Investors will be focused on inflation as a signal for an overheating economy, and despite the move in near-term inflation expectations, medium-term inflation forecasts have hardly moved. Finally, given the relative attractiveness in U.S. yields and the overall demand for yield, we expect technical factors to be supportive in containing rates.
Is Now the Time to Buy Fixed Income?
April 6, 2021 -- Interest rates have risen remarkably since August, from 0.52% on August 4 to 1.74% on March 31, resulting in negative total . . .
Sage 2021 Stewardship Policy
This report outlines Sage’s approach to stewardship, including our engagement policy and commitment to industry initiatives. Sage's Stewardship Policy represents current . . .
Tactical ETF 1Q21 Market Review & Outlook
April 13, 2021 -- Heading into the second quarter, the macro picture continues to be supportive for risk assets; additional stimulus, increased vaccine distribution, and . . .