Uncertain Times: Managing Wealth and Risk in Uncertain Times
This special edition addresses the unprecedented challenges and opportunities presented by the COVID-19 pandemic for investors and wealth managers. It highlights the rapid market sell-off, subsequent volatility, and the government’s massive fiscal and monetary interventions.
The journal emphasizes disciplined portfolio management, including asset allocation and rebalancing, to weather turbulent markets. It also explores the impact of the crisis on municipal bonds, capital allocation strategies, and the importance of cybersecurity in a remote work environment.
The firm underscores its commitment to client relationships, long-term planning, and resilient wealth management.
Independent thinking®
VOLUME 38
Uncertain Times: Managing Wealth and Risk in Uncertain Times
Portfolio Investing in a Pandemic – Examines how the pandemic triggered a swift market downturn and recovery, discussing the economic outlook, government stimulus, and the importance of staying focused on long-term investment goals.
Capital Allocation Guidelines – Outlines four essential guidelines – goal alignment, disciplined rebalancing, incremental investing, and value assessment – to help investors make rational decisions and seize opportunities during volatile times.
Market Volatility Drivers – Explains the role of leveraged trading strategies, the unwinding of risk parity trades in amplifying recent market swings, and how these factors may influence future volatility.
Municipal Bonds: Risks and Opportunities – Analyzes the temporary dislocation in the municipal bond market, the impact of forced selling, and why municipal bonds remain attractive for their tax-exempt status and relative safety.
