| 01/24/2017 | Chart of the month | Resilient REITs | Bob Zenouzi | REIT and Income Solutions | REITs, real estate investments, rising rates, active funds, equities, global real estate, diversification | | A close look at the last cycle in which the Fed raised rates (June 2004 - June 2006), shows REITs fared well despite the perceived headwind of higher rates. |
| 10/03/2016 | Chart of the month | Are you paying up for yield? | Bob Zenouzi | REIT and Income Solutions | yield, income, income generation, dividend, dividends, valuation, valuations, dividend payers, historical dividends, dividend history, multiples, earnings multiples, price-to-earnings, relative p/e, utilities, utilities sector | | Generating income can be a central part of an investment plan. But chasing yield for yield’s sake can result in unintended risks. |
| 09/27/2016 | Insight | Don't bet momentum on global REITs | Scott P. Hastings | REIT and Income Solutions | | | International REIT markets rarely move in tandem. Investors who rely too much on one geographical region are taking on undue risk. Portfolio manager Scott Hastings explains the benefits of a broader, diversified approach to making international REIT allocations. |
| 08/04/2016 | Insight | REITs get their day | Scott P. Hastings | REIT and Income Solutions | real estate investment trusts, REITs, index breakout, reclassification of REITs, REITs reclassified, index reclassification, S&P, MSCI, S&P indices, MSCI indices, REITs vs. financials, leverage, debt load, borrowing, REIT financing | | In a move that speaks to the growing relevance of REITs, major index publishers are planning to separate REIT securities into their own unique sector in August. REITs will no longer be buried within the financials sector, and we think this could potentially be a long-term positive. |
| 05/06/2016 | Insight | Credit markets generally supportive of REITs | Scott P. Hastings | REIT and Income Solutions | reit, reits, real estate investment companies, credit markets
| | When the Delaware Investments REIT team was eyeing the market at the onset of 2016, it stressed the importance of credit markets to the healthy functioning of the real estate sector. As we enter the second quarter of the year, senior analyst Scott Hastings describes how credit conditions are playing out so far. |
| 08/07/2015 | Insight | Income investing: Spotlight on dividends | Bob Zenouzi | REIT and Income Solutions | low rates, low yields, income stream, dividend growth, dividend yield, income generation, generating income, retirement income, growth and income | | Dividend payers come in a variety of shapes and sizes. Portfolio manager Bob Zenouzi shares a few slides that explain why all dividends are not created equal. |
| 07/09/2015 | Insight | Amid stock plunge, Chinese government intervenes | Penghui Sun | REIT and Income Solutions | Chinese equities, excessive leverage, government intervention in Chinese markets, Chinese stocks, Chines A shares, Chinese B shares | | With China’s stock market posting substantial losses, the government has begun stabilization efforts. Equity Analyst Penghui Sun describes what the interventions look like and briefly discusses the likelihood of realizing their intended effects. |
| 05/22/2015 | Insight | Real estate thrives amid healthy capital markets | Bob Zenouzi, Scott P. Hastings | REIT and Income Solutions | REIT, real estate investing, capital markets, real estate industry, REIT outlook, global REIT, global real estate | | Bob Zenouzi and Scott Hastings of the Delaware Investments Real Estate Securities and Income Solutions investment team discuss the solid fundamentals and favorable capital markets that they believe contribute to a positive outlook for real estate. This is particularly true within the United States, which features healthy credit conditions along with a supportive supply/demand environment. [Runtime: 2:32] |
| 05/13/2015 | Insight | U.S. REITs: A matured asset class | Bob Zenouzi | REIT and Income Solutions | reits, real estate security, reit investments, us reits
| | Real estate investment trusts (REITs) have grown tremendously over the past two decades, to the point at which they should no longer be considered an “alternative” asset class. Bob Zenouzi discusses REITs’ evolution over time as well as the asset class’s relative strength today. [Runtime: 1:41] |
| 04/08/2015 | Insight | In real estate markets, a shift in international financing | Scott P. Hastings | REIT and Income Solutions | real estate financing, real estate funding, real estate credit, cross-border lending, foreign credit, overseas financing, overseas investors, overseas capital, international lending, emerging markets, U.S. real estate, REIT, REITs, REIT finance | | Overseas suppliers of financing are becoming an increasingly important part of the funding picture for U.S. real estate. Equity analyst Scott Hastings discusses how these sources of credit — particularly those in emerging markets — are contributing to a higher volume of cross-border transactions. |
| 04/02/2015 | Insight | Real estate well positioned if rates rise | Bob Zenouzi | REIT and Income Solutions | rising rates, REIT, real estate, rising GDP, triple net companies | | When interest rates rise, it could be a result of one of several factors. Regardless of the reason, real estate investment trusts comprise a broad asset class, parts of which may be well-suited to ride out any potential disruptions that are caused by a rate increase. [Runtime: 1:57] |
| 01/07/2015 | Insight | A new turn in the U.S. manufacturing sector | Scott P. Hastings | REIT and Income Solutions | reshoring, manufacturing, overseas manufacturing, manufacturing jobs | | There is a shift happening in the world of manufacturing, and it goes by the name of "reshoring." |
| 09/12/2014 | Insight | A tale of two...worlds: The great divide in today’s global real estate market | Bob Zenouzi | REIT and Income Solutions | global real estate market, REITs, real estate, global real estate investors | | REITs in developed markets are riding a tailwind of cheap debt while those in emerging markets are slowing due to excessive credit buildup and high-cost capital. Bob Zenouzi shares his insights on this and a range of other topics currently on the minds of global real estate investors. |
| 01/31/2014 | Market Talk | A manufacturing renaissance in the American Midwest | Bob Zenouzi | REIT and Income Solutions | | | U.S. manufacturers are realizing substantial advantages over international competitors. Portfolio Manager Bob Zenouzi discusses this trend and its implications for economic growth. [Runtime: 3:12] |
| 01/02/2014 | Notes from the desk | China's shadow-banking bomb is ticking... | Penghui Sun | REIT and Income Solutions | China, China Credit Trust, private banking, renminbi trust loans | | A 3 billion renminbi ($492 million) trust loan with the potential to default by the end of January could mark the first case of trust-product default in China — a development that we believe could have far-reaching implications. |
| 10/18/2013 | Commentary | The American Midwest as an emerging market | Scott P. Hastings | REIT and Income Solutions | | | The U.S. energy market is changing and these shifts are factoring in to decisions at the portfolio management level at Delaware Investments. |
| 08/23/2013 | Commentary | Know your REITs — Private versus public REITs | Scott P. Hastings | REIT and Income Solutions | | | Considering private REITs? Scott P. Hastings, senior equity analyst of the Real Estate Securities and Income Solutions team, illustrates the risks and characteristics of private REITs by comparing them to their public counterparts.
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| 06/25/2013 | Commentary | Stop. Look both ways. The global dash for yield may be leading some investors into oncoming traffic. | Bob Zenouzi | REIT and Income Solutions | | | Creators of the iconic board game Monopoly were onto something when they made receipt of a bank dividend a sought-after reward for a propitious roll of the dice. |
| 05/16/2013 | Market Talk | Investing for income? Check the warning labels | Bob Zenouzi | REIT and Income Solutions | | | Interest rates have held at record lows for many quarters, and it's no surprise to us that investors are reaching for the highest bond-like yield. [Runtime: 10:48] |
| 05/15/2013 | The Way Forward | Considering equities in a rising rate environment | Ty Nutt , Brad Frishberg, Bob Zenouzi | Large-Cap Value Equity, REIT and Income Solutions | | | Three independent views on equities in the context of a potential rising rate or inflationary environment. |
| 05/02/2013 | Commentary | Joining the REIT club: What will it take to succeed? | Scott P. Hastings | REIT and Income Solutions | | | Scott Hastings, analyst for the real estate securities and income solutions (RESIS) group, looks at the increasing number of companies seeking REIT status, and discusses how the Delaware Investments REIT team is anticipating what these conversions might mean in the long run. |
| 02/21/2013 | The Way Forward | Staying ahead of the curve: Preparing for tomorrow's investment issues today | Ty Nutt , David Hillmeyer, Bob Zenouzi | Large-Cap Value Equity, Corporate Bonds, US Core Fixed Income, US Diversified Fixed Income, High Yield and Bank Loans, REIT and Income Solutions | | | Three investment teams discuss investing in an environment of super-sized monetary policy. |
| 11/02/2012 | Commentary | Hurricane Sandy: Looking ahead toward recovery | Christopher S. Beck, Paul A. Matlack, Ty Nutt , Bob Zenouzi | US Small Mid-Cap Value Equity, Corporate Bonds, High Yield and Bank Loans, US Diversified Fixed Income, Large-Cap Value Equity, REIT and Income Solutions | | | Hurricane Sandy brought an enormous amount of devastation to the U.S. Eastern seaboard, and the region now faces a difficult recovery. Millions of people are affected, and our thoughts are with them. |
| 10/09/2012 | Commentary | Finding income today | Bob Zenouzi | REIT and Income Solutions | | | With 10-year Treasury yields at approximately half of what they were just five years ago, some income investors have begun buying alternative investments, often based on yield alone. This trend could be troublesome, according to Bob Zenouzi, chief investment officer of the Delaware Investments® Real Estate Securities and Income Solutions (RESIS) groupgroupteam. |
| 08/28/2012 | The Way Forward | Generating income when interest rates are low: Three possible solutions | Bob Zenouzi, Damon J. Andres, Brad Frishberg | REIT and Income Solutions | | | Today’s low interest rates make a strong case for pursuing alternate sources of portfolio income. |