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Market Views - Economic Outlook 2014

Outlook 2014

Recommendations
For Business Executives For Investors
Recommendation Make capital investments now: Most firms enjoy abundant cash reserves
Recommendation Financing is available for sound ventures at attractive rates
Recommendation Heavy regulations favor limited and flexible workforce
Recommendation New technology can provide productivity gains
Recommendation Cheap energy supports the general economy and manufacturing

Recommendation Positive but lackluster returns in stocks and bonds are likely
Recommendation Stocks will have higher volatility than 2013
Recommendation Opportunities in some developing Asian countries and Europe
Recommendation Bonds will be challenging
Recommendation Quality Municipal Bonds look relatively attractive today

Download The Long-term Economic Report (.PDF)   PDF


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You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-995-2637 or click here to view or download a prospectus online.

Mid, Small and Micro Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat. Fund holdings and sector weightings are subject to change without notice. Past performance is no guarantee of future results.
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