Pension Risk Spotlight and Quarterly Market Review
2016 has proved to be a volatile year for pension plan sponsors, with the changing political landscape and favorable market movements in the fourth quarter providing plan sponsors with some potential opportunities for 2017. What are the key areas of focus as plan sponsors think about improving their pension risk outcomes?
Research and Publications
PNC's team of investment strategists examine and provide key insights on financial market challenges and opportunities that affect institutional investors.
Quarterly Investment Strategy
First Quarter 2017
With a predominantly Republican Congress and a political-establishment outsider set to take control of the White House in 2017, the potential paradigm shift is much bigger than we anticipated. Thus far the results of the 2016 election have unleashed widespread economic and financial market optimism.
Post-Monetarism and the New World Order
Fourth Quarter 2016
In this issue of Investment Strategy Quarterly, we approach the monetary policy discussion from a different angle — the Post-Monetarism theory — and present a more nuanced view of some inherent challenges in the current policy environment, including interaction between U.S. bank capital regulations and the Fed’s current monetary policy stance.
Navigating Turbulent Waters – The Quest for Yield
Third Quarter 2016
The third-quarter issue of Investment Strategy Quarterly focuses on analyzing several higher-yielding asset classes to determine whether they offer an attractive opportunity for investors to increase their current income and augment future total returns.
The Ebbing Global Tide – Waves of Uncertainty
Second Quarter 2016
This issue of Investment Strategy Quarterly covers a number of key market drivers and reviews the themes we believe are likely to continue to move markets. We also discuss what economic and market developments would be most encouraging to see as we move through the next few quarters.
Year of the Monkey
First Quarter 2016
In this issue of Investment Strategy Quarterly, we present our outlook for the economy and several key asset classes, as well as discuss implications of the U.S. presidential election. This issue of Investment Strategy Quarterly includes a brief executive summary, as well as the full paper.
Multifamily REITs: Stronger for Longer
Fourth Quarter 2015
This issue of Investment Strategy Quarterly takes a deep dive into real estate, focusing on the multifamily industry, and reviews how we believe the asset class is likely to behave. Real estate may get a bit less attention than the broader equity markets, but it is certainly no less affected both by secular drivers and the significant changes occurring in the current market environment.
Near-Term Caution and Long-Term Opportunity: An Emerging Markets Story
Third Quarter 2015
In investing, and in life in general, balancing both the short term and the long term can be a critical element of success. Identifying these trends in isolation is often a simpler task, especially compared with the art of implementing contradictory strategies necessary to navigate each distinct time period.
Mr. Draghi’s Europe
Second Quarter 2015
Often, it may seem that only negative events surprise the markets. Every so often, however, a positive market event is the driver, such as the recent drop in oil prices, which have fallen quite significantly since the summer of 2014. With prices continuing to test new lows, we believe many investors are likely beginning to question the broader-reaching implications.
The Big Picture
First Quarter 2015
First-quarter 2015 saw a meaningful increase in volatility across asset classes, as numerous global forces continued to evolve. Everything from stocks and bonds to currencies and energy struggled to find direction amid a global economy that is still dealing with myriad uncertainties.
- -Strategic Investment Portfolios for Endowments with Alternatives
- -Strategic Investment Portfolios for Endowments without Alternatives
- -Strategic Investment Portfolios for Foundations with Alternatives
- -An Alternative Full Yield-Curve-Based Approach for Pension Cost Measurement
- -Liability Driven Investing
- -Asset Liability Solutions for Dynamic Asset Allocations