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The 'leave' campaign, a victory for the pro-Brexit voters, was quite a surprise to markets and the world. The United Kingdom, based on a referendum of all eligible citizens, voted to leave the European Union (EU) and became the first country to do so. The effects of the referendum vote are already being felt in the political spectrum and th...

Bond markets globally were off to a slow start at the beginning of the quarter, but began to drive higher as the Brexit vote approached and eventually jumped on the result as investors sought out safe-haven assets. The Barclays Universal Bond Index gained 2.53 percent in the second quarter; the gauge has advanced 5.68 percent so far this year throu...

There were two distinct periods during the quarter divided by sentiment and performance. The start of the year through February 11 was a “risk-off” period of negative sentiment and sharp declines across asset classes and countries. Many assets had double-digit declines during the first half of the quarter. Sentiment shifted abruptly and...

Prior to the Brexit vote on June 23, financial markets were relatively strong. The S&P 500 index was trading just under its all-time high and the British pound was at the highest level of the year. The day after the vote, markets reacted sharply with risk-assets dropping and safe haven assets rising. Oil, the S&P 500, and the FTSE Eurotop 1...

Investors were recently challenged after the U.K. referendum on membership in the European Union (the Brexit vote). Although the polls predicted a tight race, the markets were signaling that a vote to remain would prevail. As the facts of the market changed, it was critical that opinions adapted to evaluate whether an investor was on track to reach...

Real estate has long been recognized as a diversification vehicle within investment portfolios and often is held in one of two ways: physical real estate and Real Estate Investment Trusts (REITs). Although REITs were first created in the early 1960s and have played a notable role for investors since the 1990s, they have not always been a requiremen...

Now that school is back in session, it’s important for students to take stock of what they know as they embrace a new year of learning. It’s also a good time for investors to assess the events of the summer and make sure they are well-positioned for the future. In Jeff Mortimer’s latest Investment Update he reviews the events of t...

The United States presidential election season has certainly been emotionally charged and, in many ways, unlike any we’ve seen in recent history. For many, Hillary Clinton represents the continuation of Democratic policies currently in place under the Obama administration. Donald Trump, on the other hand, represents the potential for a shift ...

A Dynasty Trust is often referred to as a family bank since it serves as a primary resource for the funding of the needs of a family's beneficiaries in successive generations. Given the unsteady economic times and tax uncertainty, there is no better time than now for wealthy families to establish a Dynasty Trust to achieve optimum results...

The surprise result of the British referendum to leave the European Union this June sent shockwaves through the markets and some investors expected additional fallout down the road. It seems the opposite has been happening. Recent data from the U.K. Office for National Statistics showed the British economy grew by 0.7 percent in the second quarter ...

On November 8, 2016, millions of Americans will cast their votes for the next U.S. President. In considering how the new political environment in 2017 will impact the investment landscape, it’s important to keep in mind the words of legendary investor Benjamin Graham: “In the short run the market is a voting machine, but in the long run...

Chief Investment Officer David Donabedian recaps the first half of 2016 and provides an outlook for economic activity and financial markets in the third quarter of the year. The issues that will have the most impact on the financial markets over the next 12 months are:U.S. economic growth mediocre, but outperforming most of the world;federal reserv...

After one of the longest, most volatile and arguably most contentious presidential campaigns in modern American history, Donald Trump has emerged as the president-elect and will be the 45th President of the United States of America. As the immediate shock of the result subsides, the country will begin to sort-out the implications of the election ov...

Bill Cullo, Jackson Dunn, Kristy Pultorak, and Tom Crawford from the U.S. Public Affairs and Government Relations Team take a closer look at the 2016 U.S. election and provide an analysis on the exit polls and the key takeaways.

We expect the markets’ knee-jerk reaction to sell gold post a Trump victory will reverse with the bottoming process beginning this week. Framed around the well documented bearish arguments of Stan Druckenmiller on gold last week, there are reasons why gold will be more important as the generational bond bull market now closes. As investors be...