As a goals-based investment manager, we believe investment problems and challenges are best addressed in the context of an investor’s goals—the ultimate reason behind saving and investing. By aligning investment solutions with investor goals, investors have better opportunities to measure the actual “real world” outcomes they seek.
Each client’s investment-related goals consist of three stages—accumulation (or the gain stage), preservation (or the protect stage) and distribution (or the spend stage). Importantly, for every goal, each stage has its own overarching objective and risk.
Last week, global equities ended roughly flat at 0.5% (MXWD) — the smallest week-over-week return since the start of 2020. It sure didn’t feel that
What a week! Equities had a truly awful time, with global stocks ending down -10.4% (MXWD) in incredibly whippy trading. Regionally, the U.S. fared the
Long bond yield hits all-time lowDuring the short trading week last week, U.S. bond yields plummeted in risk-averse trading with the long bond leading the
Record-high Consumer OptimismThe strength of the U.S. consumer might be the biggest story not being told right now, or at least not given the attention
The Big NumberThe decline in the CSI 300 from January 20th to February 3rd as coronavirus fear spread through China. The CSI 300 is a
The Big NumberThe decline in the yield of the 10-year Treasury over the past two weeks. What this meansSo-called “exogenous events” are back in a
The Big NumberThe divergence in the performance between domestic large-cap value (SVX) and growth (SGX) stock indices over the last three months. What this meansAfter
The Big NumberDecember’s seasonally adjusted annualized rate of U.S. housing starts. What this meansU.S. housing starts were at their highest level in 13 years last
The Big Number The daily high-traded price for the overnight repo rate, according to the broker ICAP. “Repos”, or repurchase agreements, are used to provide
The Big Number The month-to-date return for the S&P 500 (through December 27), also known as the “Santa Claus rally.” What this meansLast year the
The Big Number The spread between the 2-year and 10-year rates on U.S. treasuries. What this meansThe spread between U.S. 2-year and 10-year treasuries is
The Big Number The rally in the British pound against the U.S. dollar over the past two weeks. What this meansThere is now some real
The Big NumberThe difference in the number of service sector jobs created compared to manufacturing jobs since the beginning of 2015. What this meansThe service
The Big NumberThe average spent per shopper during the 2018 holiday period. What this meansMany investors are expecting another strong holiday shopping season this year
The Big NumberThe spread in the yield of CCC-rated high yield bonds over the equivalent U.S. treasury interest rate. What this meansWhile broad credit markets
The Big NumberThe current measure of retail investor sentiment as tracked by a weekly survey conducted by the American Association of Individual Investors (AAII) is
The Big Number The reduction in the Federal Funds rate so far this year. Market Notes The U.S. Federal Reserve cut rates for the third
The Big Number: -48.1%The percent decline in the CBOE Volatility Index (VIX) since August 5th, the height of the recent escalation in the trade war
Horizon Investments is a modern, goals-based investment manager and think tank. Our focus is on goals-based investment strategies, to help financial advisors and their clients improve the investment experience relative to real world, prioritized financial goals.
Founded in 1995, Horizon provided investment advice to individual clients while utilizing a process based on quantitative analysis. Today our investment process balances quantitative expertise with a qualitative perspective, including economic, fundamental and geopolitical analysis. Over 20 years, we’ve continued to expand our investment management team to include the seasoned academics and research analysts needed to pursue forward-looking approaches to address a myriad of challenges that investors face while seeking to grow their wealth. As a result, financial advisors turn to Horizon for our innovative risk mitigation and retirement income strategies. Rooted in a global active investment approach, the firm’s GAIN PROTECT SPEND® framework, combined with its investment management methodology, has been a cornerstone of Horizon’s portfolio construction process for over a decade.
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