News & Press: The Iowa State Bar Association News

ABA retirement funds managers advise staying the course in market drop

Thursday, February 15, 2018   (0 Comments)
Posted by: Chris Fritz
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With the stock market losing about 10 percent of its value last week, some investors are wondering if they should sell to avoid further losses. Don’t do it, say managers of the ABA Retirement Funds program. The downturn is a normal part of the market as it tries to correct itself to a sustainable level.

Managers offer numerous reasons why not to panic, and why to stay the course. Click here to see the Feb. 6 report from Voya Financial, which manages the ABA Retirement Funds portfolios. The report outlines some of the factors that contributed to the selloff, and some things to keep in mind amid the uncertainty.

Also, check out Voya’s forecast for 2018, and its investment philosophy.

From the Iowa Lawyer Weekly