Portfolio Manager George Cipolloni returned to Fox Business to discuss how the Federal Reserve’s plan to raise interest rates this year may affect markets. During the conversation, George also shared his expectations for earnings and talks about where he is seeing opportunity in today’s market environment.
Watch George's full interview on Fox Business here.
Definitions
American Depositary Receipt (ADR) – An American depositary receipt is a certificate issued by a U.S. bank that represents shares in foreign stock. These certificates trade on American stock exchanges.
Basis Points (BPS) – A basis point is a standard measure for interest rates and other percentages in finance, representing one-one hundredth of one percent.
Busted Convertible Security – A convertible bond where the underlying stock trades far below its conversion price, causing it to act solely as a bond given that there is a very low probability that it will ever reach the convertible price before maturity.
Dow Jones Industrial Average (DJIA) – A stock market index that tracks 30 large, publicly-owned blue-chip companies trading on the New York Stock Exchange (NYSE) and the Nasdaq.
Nasdaq Composite Index – A market capitalization-weighted index of over 3,000 common equities listed on the Nasdaq stock exchange.
S&P 500 Index – An index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe.
Important Information
Discussion is a manager's opinion, and is subject to change. It is not intended to be a forecast of future events, a guarantee of future results, and should not be regarded as investment advice.
References to securities or Fund are not a recommendation to buy or sell.
Click HERE for the most recent Fund holdings. Fund holdings and sector allocations are subject to change at any time.
All investors should consider the investment objectives, risks, charges and expenses carefully before investing. For the full prospectus, which contains this and other information about the Fund, please call 877-PMA-MLLC (877-762-6552) or visit www.pennmutualam.com. Investors should read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
The Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Penn Mutual Asset Management, LLC, or any of its affiliates.
