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Fears of supply disruptions, regime change and further declines in the U.S. dollar are helping to drive oil prices higher. Yet, there seems to be sufficient capacity to offset supply shortfalls. Looking forward, fossil fuels and renewable alternatives both need to be developed to help secure our energy independence.

If inflation is going to rise globally, it will most likely surface first in emerging market countries. But this also reflects why emerging markets are so attractive in the first place – their growth outlook is more robust and output gaps (where they exist) are closing much more rapidly than in the developed world.

Investors must be aware of the liquidity risk inherent in each asset class, establish a methodology to monitor and measure the liquidity risk premium of each asset class, and factor that into decisions about the appropriate mix of liquid and illiquid investments needed to serve their particular situation.

Master limited partnerships offer daily liquidity, simplified tax reporting, and in some cases, the transformation of unrelated business taxable income to other income. This paper examines not only the benefits but also the implications and costs of master limited partnerships to help individuals make informed investment decisions.

We recommend a baseline allocation in our asset allocations in terms of stocks versus bonds and cash, but we also recommend the following tactical allocations: leveraged loans within the bond allocation, dividend-focused stocks within the U.S. large-cap stock allocation, and an allocation of 55% value and 45% growth within U.S. large-cap equities.

Multiple constraints limit the use of leverage, the nature of the assets that can be leveraged and the acceptable levels of total portfolio and asset-specific risks. These constraints can make leverage efficient for only a narrow set of portfolios. Leverage is also subject to concerns such as unanticipated capital calls and illiquidity spirals.

Municipal securities continue to provide yields in excess of Treasuries, despite their tax-favored status. For tax-exempt accounts, we continue to see opportunities in corporate debt, both investment grade and the highest quality non-investment grade, as well as in select international sovereign debt issues.

We recently have taken an increasing interest in housing and housing-related investment opportunities. While we cannot state with certainty when the recovery will come, we see a road towards redemption and investment opportunities while the market gradually improves.

There is a risk, in a time of prolonged economic uncertainty, that you become blinded to the pitfalls ahead. U.S./China trade tensions have now been ramping up for over a year, and other geopolitical tensions for even longer (Brexit for over three). But while we have suffered bouts of volatility, markets have not fallen into a more prolonged period...

Americans frequently view economic conditions through a political lens. However, markets are driven by fundamentals over long periods of time, not politicians. Investors should be cautious about letting their political biases impact their investment decisions. Modifying investment portfolios based on political views can be hazardous to returns.

Now that passive index investing has overtaken active management, learn why this might not be as scary for the industry as it may seem.

Many states are imposing a millionaire’s tax with huge implications for top earners. Explore how aggressive tax-loss harvesting can soften the blow.

Is there a better way for investors to donate to charity? Learn how to maximize a portfolio’s tax benefits—and increase the size of the gift—through charitable giving.

Hedging may seem like a safe bet, but does it pose a risk for investors? Learn why it’s important to approach equity hedging with caution in a volatile market.

Direct indexing is gaining in popularity among investors. Is it poised to disrupt the ETF industry? Bloomberg turned to the veteran industry leaders to find out. Parametric’s CEO, Brian Langstraat, joined the Trillions podcast to discuss the origins of direct indexing, how it works, which investors it makes sense for, the benefits it can conf...