Investing basics
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Understanding SMA fees
Compared to owning a mutual fund or ETF, understanding the costs associated with investing in a separately managed account can require a little more research. We explore what investors should know when it comes to SMA fees.
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What’s a unified managed account?
UMAs have become an increasingly popular option for investors who prefer a simplified, streamlined approach to managing their investments. Learn more about what they are and the benefits they can offer to some investors.
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What tax advantages do SMAs offer?
SMA investors own the underlying securities within the portfolio, a distinction that sets them apart from mutual funds and ETFs and is the key to their tax-friendly nature.
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Tax-loss harvesting: the silver lining in a market drawdown
Market drawdowns can present opportunities for those with taxable investment accounts: investors may have more chances to reduce taxable exposure from capital gains through a strategy called tax-loss harvesting.
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SMAs, ETFs, and mutual funds: which one's right for you?
What's the difference between mutual funds, ETFs, and SMAs, and which one's right for you?
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What is the link between duration and monetary policy?
Monetary policy and investors’ assessment of how policy and economic growth might change in the future are some of the main drivers of bond market returns. We explore these concepts and what it means for investors as they review their fixed-income allocations.
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What makes ETFs tax efficient?
ETFs may offer some advantages for tax-sensitive investors. We take a look under the hood of this investment vehicle to explain why these advantages are there.
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What is junior credit?
Junior credit, which sits between senior debt and common equity on a company’s capital structure, can provide investors with an attractive mix of high yields, equity upside, and diversification. Learn how.
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What is a separately managed account?
Separately managed accounts (SMAs) are managed by investment professionals and designed for high-net-worth individuals who have specialized or sophisticated needs and seek bespoke investment solutions. We discuss who SMAs are made for and their benefits and disadvantages.
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What does a target-date fund invest in?
Often described as a one-step investment, a target-date fund (TDF) is designed to keep investments aligned with a planned retirement date. But what’s actually inside one of these funds? Here’s a look at the three levels of investment management that help drive outcomes for TDFs.
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