Our September Perspective

Manning & Napier 691 Followers Follow Summary This year, US fiscal and monetary policy news stepped up to ensure the month was anything but quiet. The US federal deficit took center stage as it crossed the $40 trillion threshold for the first time. US large cap stocks extended their winning streak into a fifth straight month, with the S&P 500 gaining 2.7%. A surge in IPO activity and rising margin debt point to a more speculative, later-cycle mood. style-photography/iStock via Getty Images What’s New August, for many, is the last full month of summer. Time for one last trip to the beach, barbeques, back to school shopping and college move-ins. With so much going on, it is not surprising that it tends to be This article was written by Manning & Napier 691 Followers Follow Manning & Napier (NYSE: MN) provides a broad range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds, as well as a variety of consultative services that complement our investment process. Founded in 1970, we offer equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. We serve a diversified client base of high-net-worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments and foundations. For many of these clients, our relationship goes beyond investment management and includes customized solutions that address key issues and solve client-specific problems.