White Papers

In our Investment Viewpoints series, our investment management teams provide in-depth, timely analysis on economic and market activity, discuss investment strategies and share their perspective on current topics of interest for financial professionals and investors. These white papers, bulletins and newsletter articles, developed specifically for financial professionals, provide the guidance and relevant information you need to make decisions and find solutions for your business and for your clients.

Beyond Labels: Advancing Your Approach to Target-Date Evaluation and Selection  
Despite progress in recent years in understanding and evaluating target-date strategies, we find ourselves at a new plateau in target-date communication—one that is rife with labels and shorthand in the form of digestible and overly-simplistic dichotomies. We believe that much of the jargon currently used to evaluate and analyze target-date funds (TDFs) is limiting and, in some cases, downright misleading.

Finding Value in the Energy Sector
Our U.S. Value Equity team believes the enormous drop in crude oil prices over the past 12 to 18 months will turn the other direction. Find out why we believe investors will rediscover energy as a strong investment sector.

Earnings Acceleration: Tracking Long-Term Secular Trends to Capture Growth in Emerging Markets Companies
We explore how earnings acceleration, in concert with analyzing and monitoring long-term secular trends, can be applied to investing in emerging markets.

Active vs. Passive Management in Target-Date Strategies
In this paper, we discuss why we believe the decision to select a low-cost, passive target-date fund approach comes at a price, with hidden costs in the form of limited diversification and suboptimal risk control.

A Framework for Understanding Inflation Conditions
Inflation is a central concern for many investors. We apply a four-factor framework to current inflation conditions to provide our clients with a clear view of the inflation picture.

Assessing Current Opportunities in Non-U.S. Growth Equities: Q&A with Portfolio Manager Raj Gandhi
Today’s investors are keenly aware of the global economy and its effects on companies around the world. As such, many are interested in non-U.S. large-cap equities. Portfolio Manager Raj Gandhi discusses his investment process and where he's finding opportunities.

Why Earnings Acceleration Works
We examine behavioral biases and the enduring market inefficiencies that result from them. We then show how correctly forecasting inflection points and the extent of sustainable improvement can help to generate superior investment returns.

The Evolution of Quantitative Investment Strategies
Five years after the financial crisis, investors are taking another look at quantitative strategies. In this paper, we discuss how the systematic application of time-tested principles has resulted in attractive risk-adjusted returns.

Six Reasons to Emphasize Active Investment Management
The demise of active management appears to be greatly exaggerated, especially when identifying managers with a unique process, attractive risk profile and consistent alpha generation potential.

Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.
International investing involves special risks, such as political instability and currency fluctuations.

Diversification does not assure a profit nor does it protect against loss of principal.

References to specific securities are for illustrative purposes only, and are not intended as recommendations to purchase or sell securities. Opinions and estimates offered constitute our judgment and, along with other portfolio data, are subject to change without notice.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.

The opinions expressed are those of American Century Investments (or the fund manager) and are no guarantee of the future performance of any American Century Investments' fund. This information is for educational purposes only and is not intended as investment advice.