Is 2019 the Year of Upside Surprises?
Our investment experts share their opinions on the financial markets, the economy and asset allocation and their implications for investors
NOTE: The following commentary is provided for informational purposes only and should not be construed as investment advice. The opinions and forecasts reflect the research, subjective judgments and assumptions of our investment professionals and are not a guarantee of future results.
© 2019 Oppenheimer Asset Management Inc. This commentary is intended for informational purposes only. The information and statistical data contained herein have been obtained from sources we believe to be reliable. Oppenheimer Investment Advisers (OIA) is a division of Oppenheimer Asset Management Inc. The opinions expressed are those of Oppenheimer Asset Management Inc. (“OAM”) and its affiliates and are subject to change without notice. No part of this commentary may be reproduced in any manner without the written permission of OAM or any of its affiliates. Any securities discussed should not be construed as a recommendation to buy or sell and there is no guarantee that these securities will be held for a client’s account nor should it be assumed that they were or will be profitable. This material contains forward-looking statements and there can be no guarantees that the views and opinions expressed will come to pass. Any results shown are hypothetical and are for illustrative purposes only. Past performance is not a guarantee of future results.
Indices are unmanaged, hypothetical portfolios of securities that are often used as a benchmark in evaluating the relative performance of a particular investment. An index should only be compared with a mandate that has a similar investment objective. An Index is not available for direct investment, and does not reflect any of the costs associated with buying and selling individual securities or management fees. Past performance does not guarantee future comparable results.
Special Risks of Fixed Income Securities: There is a risk that the price of these securities will go down as interest rates rise. Another risk of fixed income securities is credit risk, which is the risk that an issuer of a bond will not be able to make principal and interest payments on time. Neither OAM nor its affiliates offer tax advice. OAM is a wholly owned subsidiary of Oppenheimer Holdings Inc. which also wholly owns Oppenheimer & Co. Inc. (“Oppenheimer”), a registered broker/dealer and investment adviser. Securities are offered through Oppenheimer and will not be insured by the FDIC or other similar deposit insurance, will not be deposits or other obligations of Oppenheimer or guaranteed by any bank or other financial institution, will not be endorsed or guaranteed by Oppenheimer and will be subject to investment risks, including the possible loss of principle invested. Liquidity risk is the risk that you might not be able to buy or sell investments quickly for a price that is close to the true underlying value of the asset. When a bond is said to be liquid, there's generally an active market of investors buying and selling that type of bond.
Special Risks of Alternative Investments: There is a substantial risk of loss when investing in alternative investments and, for each specific fund, the risk of underperforming the general markets or other funds. The investor should carefully review the PPM of any fund before investing. Alternative investments are not appropriate for all investors and only may be offered to certain qualified investors. Investors must be able to bear the economic risk of such an investment for an indefinite period and can afford to suffer the complete loss of investment. An Investor’s ability to redeem from such investments is limited to specific time periods (eg. monthly, quarterly, semi-annually, annually) with certain notice requirements. With newly formed managers, there may be greater operational and financial risk factors. Oppenheimer & Co. Inc. has selling agreements with the hedge funds on the alternative fund platform. Oppenheimer & Co. Inc. receives part of the management fee and incentive fee and does not receive the same compensation from each hedge fund. This may be a potential conflict of interest for Oppenheimer & Co. Inc. and its financial advisors to recommend funds that pay higher compensation.
The material is not a substitute for consultation with a legal or tax advisor and should only be used in conjunction with his or her advice. Oppenheimer, and its employees or affiliates, do not provide legal or tax advice. 2399115.1