The Portfolio Fix with AAM: Recent Episodes
AAM
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes. For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
In this episode of the Portfolio Fix, Tim Senechalle and Elizabeth Henderson are joined by Marco Bravo. They discuss recent developments in the bond market, given the weaker than expected July employment report and discuss their expectations for the rest of the year. Is a recession forthcoming? What action do they anticipate from the Fed? Marco shares his perspective on potential Federal Reserve interest rate cuts, suggesting a September start but less aggressive than futures markets predict. The conversation covers the impact of treasury yield rallies on client accounts and the current approach to portfolio risk.
This podcast was recorded August 6, 2024.
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode not only do we discuss economic developments, the Fed and recent market movements but Tim, Elizabeth and Pete are joined by Andy Bohlin, Senior Fixed Income Credit Analyst. Andy is responsible for the analysis and recommendations of investment grade Basic Industries, Auto and Utility credits. He joins the podcast to talk about utilities and to specifically discuss how AI impacts seemingly unrelated credits along with his take on Nebraska Football.
This podcast was recorded June 14, 2024.
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
Not only is Tim Senechalle AAM's new Chief Investment Officer he is also the new host of AAM's The Portfolio Fix podcast! He will be joined by podcast regulars Elizabeth Henderson - AAM's Head of Fixed Income and Pete Wirtala - AAM's Insurance Strategist. Each episode the trio will be joined by a guest who will offer insights into particular sectors. This episode, the team welcomes Scott Edwards, Director of Structured Products, who shares his insights into what has transpired so far this year - plus Scott reveals his favorite steakhouse in the U.S. Be sure to listen to the end.
This podcast was record May 21, 2024.
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall speaks with each of the asset class sector heads about their expectations for 2024.
- Introduction - Reed Nuttall, Chief Investment Officer
- 1:10 - Marco Bravo, Senior Portfolio Manager: Discussion of the economy in 2023 and AAM’s economic outlook for 2024
- 6:25 - Elizabeth Henderson, Director of Corporate Credit: Conversation about AAM’s 2024 outlook for the corporate credit sector
- 11:35 - Scott Edwards, Director of Structured Products: Discussion of the Structured Product sector
- 17:40 - Patryk Carwinski, Portfolio Manager: Performance in the High Yield sector
- 21:20 - Peter Wirtala, Insurance Strategist: Discussion of AAM’s view of Equities
- 28:00 - Tim Senechalle, Senior Portfolio Manager: Discussion of the Convertible Bond market
- 34:40 - Reed Nuttall, CIO (for Greg Bell, Director of Municipal Bonds): Discusses AAM’s view of the Municipal Bond sector
Sources: Consensus Estimate from Blue Chip Financial Forecasts (Jan. 2023), Bureau of Economic Analysis, Bureau of Labor Statistics, J.P. Morgan, Bloomberg US Corporate High Yield Bond Index, Credit Suisse Leveraged Loan Total Return Index, Muzinich & Co., BofA Global Research, ICE Data Indices, LLC and Bloomberg.
This episode was recorded on 2/16/24
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Marco Bravo digests the Fed’s recent statement and press conference and why the Treasury market is interpreting Chairman Powell’s comments as supportive of several rate cuts in 2024. Mike Ashley then describes that while the consumer is still healthy, he is monitoring several deteriorating items that suggest the wellbeing of the consumer likely will not be as robust as it was in 2023.
This episode was recorded on 12/1/23 and 12/14/23.
Sources: Bloomberg, The Atlanta Fed, The Federal Reserve, Census Bureau
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Marco Bravo highlights AAM's 2024 economic growth forecast and why we think the Fed will not cut as much as market consensus. Garrett Dungee describes why the Technology sector remains cyclical despite the diversification of its customer base over the past decade. He also details the secular trends that should lead to growth well in excess of broad economic activity through the end of the decade.
Sources: AAM, Bloomberg, Bureau of Economic Analysis, The Federal Reserve and Company reports
This episode was recorded on November 13, 2023 and December 1, 2023.
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Marco Bravo describes why Fed policy and continued labor strength is behind the recent volatility in the Treasury market. Elizabeth Henderson explains the secular changes taking place to business models in the media sector, and how that affects content, advertising, revenue streams and ultimately company creditworthiness. This episode was recorded on 10/23/23 and 11/10/23.
Credits discussed were chosen to depict AAM’s security selection process and are for illustrative purposes only. The securities discussed do not represent the entire universe of credits. There is no guarantee the investments discussed would be profitable, nor is it a recommendation to purchase a specific security, and should not be construed as investment advice.
Warner Brothers Discovery (WBD) remains in transition, but we continue to like what management is doing and how it is positioned longer term. This means debt repayment to reduce leverage while battling industry headwinds. In our opinion, WBD intermediate spreads in the Treasuries +205 range are attractive relative to low-BBB peers in the Treasuries +190 range.
Fox (FOXA) and Paramount (PARA) are credits we are concerned are at risk of falling to high yield due to weakening credit fundamentals. In our opinion, neither FOXA intermediate-dated bond spreads in the Treasuries +185-range nor PARA intermediate-dated bond spreads in the Treasuries +275 range adequately compensate investors for this downgrade risk.
Sources: The Federal Reserve, Bureau of Labor Statistics, U.S. Census Bureau and company reports
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Marco Bravo talks about what is behind the economy’s resiliency and why the Treasury curve is likely to remain elevated for the next year. Andy Bohlin explains what is behind the weakness in the Utility sector, how that has created volatility and why there are now opportunities in a traditionally defensive sector. This episode was recorded on October 27, 2023.
Source: Blue Chip Economic & Financial Indicator, Bureau of Economic Analysis, Department of Labor
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Elizabeth Henderson reviews the recent Moody's Corporate Credit roundtable in which she participated. She highlights the resilient investment grade and high yield markets but points out two risks highlighted by other panelists - the private credit market and higher oil prices. Patrick McGeever explains why oil prices are at elevated levels and details why he does not believe oil will sustainably rise above $100 per barrel in 2024. This episode was recorded on October 2, 2023.
Sources: Moody's, OPEC, Energy Information Agency, the Bureau of Economic Analysis
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Tim Senechalle explains why recent improved inflation data does not mean an imminent return to a normal Treasury Curve. Andy Bohlin follows with an update on the Auto sector, one of the first industries to experience rapid inflation, and why conditions in that sector are normalizing. This episode was recorded on July 21, 2023.
Source: Bureau of Economic Analysis, The Federal Reserve, Department of Labor, Bloomberg, Wards Automotive Group
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, Leah Savageau explains why the banking sector is likely to face higher wholesale funding costs following the acute liquidity deterioration in March. She goes on to describe why her primary concern has shifted from liquidity to banks’ lending books. Marco Bravo also interprets the recent inflation data points and how markets are reacting. This episode was recorded on April 13, 2023.
Sources: Bureau of Labor Statistics, The Federal Reserve, Federal Deposit Insurance Corp.
Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In this episode of The Portfolio Fix, AAM's CIO Reed Nuttall and the sector heads of each of our asset classes provide our expectations for 2023. We discuss our views on the U.S. economy along with each of the fixed income markets. The episode is approximately 30 minutes long and in the words of Reed - we are cautious heading into the new year but looking to be opportunistic.
Sources: Bureau of Labor Statistics, Bloomberg, Blue Chip Forecasts, Bloomberg Barclays Index, National Association of Realtors, Bond Buyer, Citigroup, Thompson Reuters Municipal Index, B of A Global Research, ICE B of A Merrill Lynch Convertible Research
Economic Overview – 1:37 – Marco Bravo, Senior Portfolio Manager
Corporate Credit – 6:17 – Elizabeth Henderson, Director of Corporate Credit
Structured Products - 9:51 – Scott Edwards, Director of Structured Products
Municipals – 13:11 – Greg Bell, Director of Municipal Bonds
High Yield – 17:00 – Patryk Carwinski, Portfolio Manager
Convertible Bonds – 21:00 – Tim Senechalle, Senior Portfolio Manager
Equities – 27:30 – Pete Wirtala, Insurance Strategist
Outlook – 30:41 – Reed Nuttall, Chief Investment Officer
This episode was recorded on January 31, 2023. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In the latest episode of The Portfolio Fix, Marco Bravo interprets Fed Chairman Powell’s press conference as meaning more rate hikes, which should likely lead to weaker growth and higher unemployment in 2023. Mike Ashley then provides the key items he’s monitoring in evaluating the consumer and ultimately the retail sector - unemployment, excess savings and credit card balances.
This episode was recorded on December 15, 2022 and November 30, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Sources: Bloomberg, The Federal Reserve, Bureau of Labor Statistics, U.S. Census Bureau, Bureau of Economic Analysis
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
*All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/*
In the latest episode of The Portfolio Fix, Marco Bravo makes sense of a confusing jobs report from December 2nd, 2022 and the likely impact on future Fed rate actions. Garrett Dungee outlines the coming accounting changes for Long Duration Targeted Improvements (LDTI), which will likely affect many of Life Insurance companies within the next several years.
Sources: Bureau of Labor Statistics, U.S. Census Bureau, Financial Accounting Standards Board
This episode of The Portfolio Fix was recorded on November 18 and December 5, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo details why AAM believes future Fed rate hikes of at least 100 basis points are likely and Patrick McGeever provides his views on why the natural gas situation in Europe is likely to be a headwind again in 2023.
Sources: Bureau of Labor Statistics, The Federal Reserve, Bloomberg, IMF
This episode of The Portfolio Fix was recorded on November 3 and November 18, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In the latest episode of The Portfolio Fix, Marco Bravo provides AAM’s gloomy outlook on inflation, interest rates, unemployment and growth for 2023. Andy Bohlin describes why the Chemical & Packaging Sector can give an early glimpse into economic cycles and the indicators that are suggesting a deteriorating economy.
Sources: Bureau of Economic Analysis, Blue Chip Financial Forecasts, Federal Reserve, Bloomberg, Department of Labor, Goldman Sachs
This episode of The Portfolio Fix was recorded on October 6 and October 19, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
*Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.*
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In the latest episode of The Portfolio Fix, Marco Bravo details why AAM expects inflation to remain higher than consensus and what that likely means for rates and risk assets. Dan Byrnes describes the new opportunity AAM sees in mortgages and notes how unrealized losses can affect portfolio management flexibility.
Sources: The Federal Reserve, Bureau of Labor Statistics, Truist Securities
This episode of The Portfolio Fix was recorded on September 23, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
*Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.*
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix with AAM, Marco Bravo explains why yields have risen so much in the past month and why markets are suggesting a 75bps rate hike on September 21 is likely. Additionally, Elizabeth Henderson and the corporate team discuss why liquidity, margin pressure and stretched valuations should lead to wider spreads in the upcoming months.
Sources: Bureau of Labor Statistics, Institute of Supply Management
This episode of The Portfolio Fix was recorded on August 26 & September 2, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
*Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
All information contained herein is believed to be accurate as of the date(s) indicated, is not complete, and is subject to change at any time. Certain information contained herein is based on data obtained from third parties and, although believed to be reliable, has not been independently verified by anyone at or affiliated with Asset Allocation & Management Company, LLC. (“AAM”); its accuracy or completeness cannot be guaranteed.*
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of the Portfolio Fix, Marco Bravo details what we learned about inflation and employment this past week and how that data is influencing the Treasury curve. Additionally, Gene Pretti of Zazove Associates explains what is driving convertible bond returns in this turbulent environment and why active management is outperforming convertible bond indices in 2022.
Sources: U.S. Bureau of Labor Statistics, Bloomberg
This episode of The Portfolio Fix was recorded on August 12, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
*Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
AAM and Zazove have a sub-advisory relationship consisting of a fee-sharing arrangement.*
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo details why AAM expects inflation to remain above consensus expectations for the remainder of the year. He also details how the Fed is likely to respond, why growth will be challenged and how the markets are reacting. Andy Bohlin also describes why Utility bills are contributing to inflation and why the sector faces challenges it hasn't had to deal with in years.
Sources: Bureau of Labor Statistics; The Federal Reserve, U.S. Census Bureau, National Association of Realtors.
This episode of The Portfolio Fix was recorded on June 19 & July 22, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo digests the recent inflationary data and explains why AAM expects the Fed to continue to tighten at each of its remaining meetings in 2022. Mike Ashley follows with details on why the Environmental Services Industry can provide a port in the storm for our fixed income clients.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Inflation Section: Marco Bravo – Senior Portfolio Manager
Environmental Services Industry Forecast: Mike Ashley - Senior Analyst & Co-Head of Investment Grade Strategy
Sources: Bureau of Economic Analysis and company reports
This episode of The Portfolio Fix was recorded on May 27, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo explains quantitative tightening and why several 50bps interest rate hikes by the Fed seem likely in 2022. Additionally, Garrett Dungee explains how the insurance industry is successfully managing the volatile interest rate environment and why insurance providers are optimistic for the remainder of the year.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Fed Section: Marco Bravo – Senior Portfolio Manager
Forecast: Garrett Dungee - Senior Fixed Income Credit Analyst
Sources: The Federal Reserve, Bloomberg, Blue Chip Economics, Marsh, LIMRA Secure Retirement Institute
This episode of The Portfolio Fix was recorded on April 8th, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo interprets today's 25 basis point interest rate hike by the Fed and the comments from Chairman Powell. Patrick McGeever also describes how oil prices are expected to effect economic growth and why he is recommending we reduce exposure to energy bonds.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Fed Section: Marco Bravo – Senior Portfolio Manager
Energy Forecast: Patrick McGeever - Senior Corporate Analyst
Sources: The Federal Reserve, Blue Chip Economics, Bureau of Labor Statistics, OPEC, Bloomberg
This episode of The Portfolio Fix was recorded on March 16, 2022. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
Recommendations are that of AAM and subject to change should market conditions warrant. This material is for informational purposes only and does not constitute any advice or a recommendation to purchase any securities or other financial instruments, and may not be construed as such.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo discusses what the Fed Pivot may mean for monetary policy and interest rates and Mike Ashley describes why the health of the consumer should lead to strong results for Retailers this holiday season.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Fed Section: Marco Bravo – Senior Portfolio Manager
Consumer Health Forecast: Michael Ashley - Senior Analyst & Co-Head of Investment Grade Strategy
Sources: The Federal Reserve, The Bureau of Labor Statistics, Mortgage Bankers Association and The Conference Board.
This episode of The Portfolio Fix was recorded on December 9, 2021. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo details how the recent inflation data is feeding into consumer sentiment. Additionally, Mohammed Ahmed details the structured product options available to investors seeking ESG solutions.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Participant: Mohamed Ahmed - Senior Analyst - Structured Products
Economic Update: Marco Bravo, CFA - Senior Portfolio Manager
Sources: Bureau of Labor Statistics, University of Michigan.
This episode of The Portfolio Fix was recorded on November 16, 2021. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In this episode of The Portfolio Fix, Marco Bravo analyzes the recent GDP release and how inflation and the Fed's tapering decision is influencing rates. Elizabeth Henderson provides details on why Sustainalytics is a useful tool for clients facing ESG-related challenges in their investments and portfolios.
Episode Host: Patrick McGeever - Senior Corporate Analyst
Economic Update: Marco Bravo, CFA - Senior Portfolio Manager
Participant: Elizabeth Henderson - Director of Corporate Credit
Sources: Bureau of Economic Analysis, Sustainalytics
This episode of The Portfolio Fix was recorded on November 2, 2021. Any timely data or views should be considered as of this date unless otherwise specified.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
In the latest episode of the The Portfolio Fix, Marco Bravo discusses what the latest Employment and Inflation Reports mean for economic growth and interest rates. Patrick McGeever provides details behind the recent rally in energy prices along with an introduction into a potentially large market for energy companies seeking to reduce carbon emissions.
Episode Host and Energy Section Expert: Patrick McGeever - Senior Corporate Analyst
Energy Section Host: Andy Bohlin - Senior Fixed Income Credit AnalystEconomic Update: Marco Bravo, CFA - Senior Portfolio Manager
This episode of The Portfolio Fix was recorded on 10-13-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Sources: Bureau of Labor Statistics, ExxonMobil, Occidental Petroleum and Morgan Stanley
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
Marco Bravo provides AAM’s interpretation of the recent FOMC meeting, the outlook for the pace of tapering and AAM’s view of GDP, inflation and yields. Andy Bohlin describes why the utility sector plays a key role in addressing carbon emission targets, the nuances of ESG assessments, the trends in green bond issuance from the Utility sector and the competing objectives in the industry.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Participants: Andy Bohlin - Senior Fixed Income Credit AnalystMarco Bravo, CFA - Senior Portfolio Manager
Sources: Federal Reserve Board, Blue Chip Economic Indicators and Sustainalytics.
Opinions and statements of financial market trends that are based on market conditions constitute our judgment and are subject to change without notice. Historic market trends are not reliable indicators of actual future market behavior. This material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved, and may be significantly different than that shown here. The information presented, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
It's the 30th anniversary of the AAM/Zazove relationship! The CEO’s of AAM and Zazove Associates discuss how the 30-year partnership between the two firms developed, how the convertible bond market has evolved over that time and why the partnership continues to benefit our insurance clients.
This episode of The Portfolio Fix was recorded on 9-21-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Participants: John Schaefer - Chairman & CEO - AAM
Gene Pretti - CEO & CIO - Zazove Associates, LLC
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
Please reach out to Zazove at clientrelations@zazove.com for important performance information and disclosures that are imperative to this podcast.
Past performance is not indicative of future results. Investing involves many risks including the possibility of losses.
In this episode of The Portfolio Fix with AAM, Elizabeth Henderson, Dan Byrnes and Pete Wirtala address the key ESG issues affecting insurance companies and detail the solutions that AAM provides. Also, Marco Bravo offers his takeaways from Fed Chairman Powell’s Jackson Hole speech.
This episode of The Portfolio Fix was recorded on 8-30-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Participants: Elizabeth Henderson - Director of Corporate Credit
Dan Byrnes - Senior Portfolio Manager
Marco Bravo - Senior Portfolio Manager
Peter Wirtala - Insurance Strategist
Sources: The Federal Reserve Board and The National Association of Insurance Commissioners.
For more information and a list of full disclosures please visit the disclaimers section at the bottom of the webpage: http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 5-10-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Rail Sector Outlook Provided By: Michael Ashley - Senior Corporate Credit Analyst
Sources: Blue Chip Forecasts, Bureau of Labor Statistics, Company Reports, Bloomberg Barclays Index, Sustainalytics
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 4-28-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
CMBS Market Outlook Provided By: Mohammed Ahmed - Structured Products Analyst
Sources: Conference Board, the Federal Reserve, Real Capital Analytics, Intex
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 4-19-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Electric Vehicle Developments Provided By: Andy Bohlin - Senior Corporate Credit Analyst
Sources: Bloomberg, the Bureau of Labor Statistics, Wards Automotive and Company Reports
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 3-25-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Convertible Bonds Update Provided By: Gene Pretti - Chief Executive Officer and Chief Investment Officer of Zazove Associates
Sources: Federal Reserve Board, Bloomberg, the U.S. Census Bureau, and the National Association of Homebuilders.
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 3-1-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Paris Agreement Implications Provided By: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Sources: Bloomberg, the Institute of Supply Management, Blue Chip Forecasts, the Environmental Protection Agency and the Energy Information Agency
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 1-28-2021. Any timely data or views should be considered as of this date unless otherwise specified.
Chapter Markers are provided below and will display in apps that support chapter markers.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
01:33 - Market Outlook – Reed Nuttall, CFA | Chief Investment Officer
07:40 - Economic Outlook – Marco Bravo, CFA | Senior Portfolio Manager
14:07 - Corporate Credit – Elizabeth Henderson, CFA | Director of Corporate Credit
20:37 - Structured Products – Scott Edwards, CFA | Director of Structured Products
27:26 - Municipal Market – Gregory Bell, CFA, CPA | Director of Municipal Bonds
33:55 - High Yield – Scott Skowronski, CFA | Senior Portfolio Manager
39:54 - Convertibles – Tim Senechalle, CFA | Senior Portfolio Manager
Sources: Bloomberg Barclays, Bloomberg, Bureau of Economic Analysis, Federal Reserve, Refinitiv Thomson Municipal Market Data, Muzinich, ICE BofA Indices, Credit Suisse Leveraged Loan Index, JP Morgan
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 11-24-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Senior Corporate Credit Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Holiday Shopping Outlook Provided By: Michael Ashley - Senior Corporate Credit Analyst
Sources: U.S. Census Bureau, Federal Reserve, Mortgage Bankers Association, Conference Board and company reports
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 10-30-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Update Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Zazove Convertible Market Assessment Provided By: Gene Pretti - Chief Executive Officer and Chief Investment Officer at Zazove Associates
Sources: Bureau of Labor Statistics, Bureau of Economic Analysis, Institute for Supply Management, Conference Board, Bloomberg, Barclays, Blue Chip Financial Forecasts
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 10-22-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Fixed Income Market Review Provided By: Reed Nuttall, CFA - Chief Investment Officer
Source: Federal Reserve Board, Bloomberg Barclays
Any performance results discussed are gross of investment management fees, unless stated otherwise. Gross of fees performance results do not reflect the deduction of investment advisory fees; as such, client’s returns will be reduced by the investment advisory fees and other expenses. Broad-based securities indices are unmanaged and are not subject to fees and expenses typically associated with managed accounts or investment funds. The Bloomberg Barclays US Aggregate Bond Index is a broad-based benchmark that measure the investment grade, U.S. dollar denominated, fixed rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS (agency and non-agency). Investment advisory fees are described in Form ADV Part 2. Income from coupons in included in Core return results. Please inquire for a schedule that illustrates the effect of management fees on a portfolio that obtains consistent returns at the specified annual rate, while incurring management fees at the beginning of each quarter equal to one-fourth of the annual fee.
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 10-6-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host and Sector Update Provided By: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Candidate Healthcare Summary Provided By: Garrett Dungee, CFA - Corporate Credit Analyst
Sources: Bureau of Labor Statistics, Bureau of Economic Analysis, Institute for Supply Management, Conference Board, RealClear Politics, Predict It, KFF.
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-22-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host and Sector Update Provided By: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Sources: Energy Information Agency and OPEC (as of 9/21/2020), Federal Reserve, U.S. Census Bureau (as of 8/31/20), U.S. Bureau of Economic Analysis, University of Michigan Consumer Sentiment Index (as of 9/18/20), National Association of Realtors, and National Association of Home Builders (as of 8/31/20).
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-1-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Corporate Credit Update Provided By: Tim Senechalle, CFA - Senior Portfolio Manager
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 7-24-2020. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Corporate Credit Update Provided By: Elizabeth Henderson, CFA - Director of Corporate Credit
Sources: Bloomberg Barclays Index, AAM as of 6/30/2020. Lazard Global Healthcare Leaders Study July 2020. July Blue Chip Forecasts.
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 2-4-2020. Any timely data or views should be considered as of this date unless otherwise specified.
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Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
00:00:36 - Economic Outlook – Marco Bravo, CFA | Senior Portfolio Manager
00:09:55 - Market Outlook – Reed Nuttall, CFA | Chief Investment Officer
00:13:38 - Corporate Credit – Elizabeth Henderson, CFA | Director of Corporate Credit
00:21:57 - Structured Products – Scott Edwards, CFA | Director of Structured Products
00:33:25 - Municipal Market – Gregory Bell, CFA, CPA | Director of Municipal Bonds
00:41:00 - High Yield – Scott Skowronski, CFA | Senior Portfolio Manager
00:47:28 - Convertibles – Tim Senechalle, CFA | Senior Portfolio Manager
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 12-9-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Retail Sector Outlook Provided By: N. Sebastian Bacchus, CFA - Corporate Credit Senior Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 11-26-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Retail Sector Outlook Provided By: Michael Ashley - Corporate Credit Senior Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 11-04-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Convertible Bond Market Update Provided By: Dan Weinberg, CFA - Portfolio Manager at Zazove Associates, LLC and by Tim Senechalle, CFA, Senior Portfolio Manager at AAM
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 10-28-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
CMBS Sector Review & Outlook Provided By: Mohammed Ahmed - Structured Products Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This special webinar episode of The Portfolio Fix was recorded on 10-22-2019. Any timely data or views should be considered as of this date unless otherwise specified.
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 10-8-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Scott Edwards, CFA - Director of Structured Products and Senior Portfolio Manager
Automobile Sector Update Provided By: Afrim Ponik, CFA - Corporate Credit Senior Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-30-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Review Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Geopolitical Outlook Provided By: N. Sebastian Bacchus, CFA - Corporate Credit Senior Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-23-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Hosts: Patrick McGeever - Corporate Credit Senior Analyst & Elizabeth Henderson, CFA - Director of Corporate Credit
Economic Outlook Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Energy Sector Outlook Provided By: Patrick McGeever - Corporate Credit Senior Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-16-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Outlook Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Corporate Outlook Provided By: Elizabeth Henderson, CFA - Director of Corporate Credit
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.
This is The Portfolio Fix by AAM. The Portfolio Fix is a podcast about financial services. Founded in 1982, Asset Allocation & Management Company, LLC (AAM) is an investment manager exclusively for insurance companies. AAM strives to provide insurance companies with expertise in insurance asset management and practical knowledge of the regulatory and competitive environment. AAM is dedicated to meeting insurance company needs, with expertise across asset classes.
This episode of The Portfolio Fix was recorded on 9-9-2019. Any timely data or views should be considered as of this date unless otherwise specified.
Episode Host: Patrick McGeever - Corporate Credit Senior Analyst
Economic Outlook Provided By: Marco Bravo, CFA - Senior Portfolio Manager
Healthcare Outlook Provided By: Garrett Dungee, CFA - Corporate Credit Analyst
For more information and a list of full disclosures please visit http://www.aamcompany.com/the-portfolio-fix-a-podcast-with-aam/.