Rob Waldner, chief strategist for fixed income at Invesco Advisers, says investors should turn to emerging markets and other places outside the U.S. to find value.
With the pending addition of an approximate 1.5% weighting in Tesla, investors in ETFs such as SPY are being reminded that passive funds undergo regular changes.
A model portfolio composed of 60% U.S. stocks and 40% bonds has climbed 13% year-to-date, in line with the S&P 500 Total Return Index and bigger than the 3.5% gain in the HFRX Global Hedge Fund Index.