Inflation

Insights


The views expressed represent the Manager’s assessment of the market environment as of June 2017 and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice.

Views are subject to change without notice and may not reflect the Manager’s views.

Investing involves risk, including the possible loss of principal.

Past performance is no guarantee of future results.

Fixed income securities and bond funds can lose value, and investors can lose principal, as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt.

Bond risk and interest payments on inflation-indexed debt securities will vary as the principal and/or interest is adjusted for inflation.