GO
Loading...

Enter multiple symbols separated by commas

What Pros Say: Hedge And Look For Alternatives

Smart investors need to look at savvy alternatives—and in some cases that's anything but stocks.That's the verdict of some investment pros at Charles Schwab's 19th annual IMPACT conference of financial advisors in Boston this week.

"It's about bringing a new array of strategies to investors," Rick Lake, portfolio manager of Aston Lasso Alternatives Fund, told CNBC in a three-person round table discussion. Lake says investors are looking for alternative strategies, such as short selling, hedging and commodities.

Tom LaPointe, portfolio manager for the Third Avenue Focused Credit Fund, agrees, saying his focus is on "the alternative space", in areas such as distressed debt, high yield bonds.

"Investors are looking for income," says LaPointe, adding that investing in bondsis "condemning clients to 2-percent returns for the next ten years"

Thomas Meyer, CEO and Chairman of Meyer Capital Group Wealth Management, adds that his goal is to reduce risk for clients in the current environment.

WYP2010_badge.jpg

"Individual investors don have any appetite for risk at this point," says Meyer, who. among other things, is trying to profit from the declining dollarand emerging market growth, while also emphasizing capital preservation.

Earnings

Commodities

  • Oil rig counts in the U.S. rose for the first time since December 2014 last week, which could impact year-end price targets.

  • oil fracking North Dakota

    Oil prices dropped as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.

  • Gold was steady above a 3-1/2 month low, as sluggish US jobs data tempered expectations for a September rate hike by the Fed and hurt the dollar.

Currencies

Mutual Funds

  • JPMorgan: Excited about HK-China MRF scheme

    Michael Falcon, head of the Asia Pacific funds business at J.P. Morgan Asset Management, says the mutual recognition of funds (MRF) scheme between China and Hong Kong is a step forward.

  • NEW YORK, July 2- Investors pulled $3 billion in assets from Pacific Investment Management Co's flagship fund in June, compared with $2.7 billion the previous month, in another sign Pimco is stabilizing since last fall's departure of star manager Bill Gross. The Pimco Total Return Fund had cash withdrawals of $5.6 billion in April and $7.3 billion in March,...

  • NEW YORK— Well, that was a disappointing ending. After years of nearly uninterrupted and strong returns, most mutual funds looked set to deliver another quarter of gains, albeit modest ones, for April through June. That is, it looked that way until the eve of the quarter's end, when a sell-off in global stock markets pulled down many funds.

Bonds