STATISTICS AS OF 6/30/16
- Assets under
Over $88.8 billion
- Over 242 institutional clients nationwide
- Q1 GDP was a modest +1.1%; we still expect 2016 GDP growth should manage 2%.
- Sluggish global growth and modest U.S. inflation pressures will limit Fed hikes in 2016.
- Brexit vote shakes already unsteady global growth outlook – global government yields plummet, safe haven currencies rally.
- U.S. spread sectors manage to keep up with Treasury rally as global demand for yield pushes prices higher, spreads lower.
Money Market Reform Spurs Renewed Interest in Stable Value
MONEY MARKET FUND REFORM has altered the capital preservation landscape and has led to a renewed interest in stable value from defined contribution plan sponsors who utilize money market mutual funds (or “money market funds”). In this issue of Stable Value Analyst Insights, we provide a summary of the key amendments adopted by the U.S. Securities and Exchange Commission (SEC) to the money market fund rules. We also highlight key differences between money market funds and stable value funds. Lastly, we revisit the compelling case for stable value as a defined contribution capital preservation option. The SEC amendments to the money market fund rules did not directly impact stable value. However, we believe the impact of reform on money market funds further strengthens the case for stable value as an optimal principal preservation choice compared to money market funds.
Stable Value Masterclass Video on Asset TV, October 2015
Karl Tourville, Founding Managing Partner of Galliard Capital Management, along with two other industry experts, Warren Howe of MetLife and Jim King of Prudential, participated on an Asset TV Masterclass panel discussing stable value. Watch the video to learn more about the stable value asset class, how stable value performs with respect to rising interest rates, and what plan sponsors can expect from stable value in the current market environment.
Click below to watch the video on Asset.TV