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Stocks: What lies ahead

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With the global economy still feeling effects of the 2008–2009 financial crisis, and stocks having made gains since, investors may be wondering about the current outlook for stocks and their asset allocations.

Whether you’re bullish about today’s landscape, still cautious, or somewhere in between, Delaware Investments has ideas that can help inform long-term investment planning.

Explore some issues that equity investors may currently be considering, and find out how we can help you prepare for any market environment.

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Now is always a good time to review your investment plan with an advisor.

Use these tools to prompt discussions about the future.

1 Consider the 2013 case for longer-term bullishness

Stocks and economic performance are related, but not equal.

Use these tools when considering the long-term outlook.

1 Consider the 2013 case for longer-term bullishness

What’s the right asset mix for your risk tolerance, goals, and time horizon?

If long-term growth remains a goal, ask your advisor about these and other equity-oriented strategies.

Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Funds’ prospectuses and, if available, their summary prospectuses, which may be obtained by visiting our fund literature page or calling 800 523-1918. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.


Investing involves risk, including the possible loss of principal.

Fixed income securities and bond funds can lose value, and investors can lose principal, as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt. The Fund may also be subject to prepayment risk, the risk that the principal of a fixed income security that is held by the Fund may be prepaid prior to maturity, potentially forcing the Fund to reinvest that money at a lower interest rate.

Securities in the lowest of the rating categories considered to be investment grade (that is, Baa or BBB) have some speculative characteristics.

High yielding, noninvestment grade bonds (junk bonds) involve higher risk than investment grade bonds. The high yield secondary market is particularly susceptible to liquidity problems when institutional investors, such as mutual funds and certain other financial institutions, temporarily stop buying bonds for regulatory, financial, or other reasons. In addition, a less liquid secondary market makes it more difficult for the Fund to obtain precise valuations of the high yield securities in its portfolio.

The Funds may invest in derivatives, which may involve additional expenses and are subject to risk, including the risk that an underlying security or securities index moves in the opposite direction from what the portfolio manager anticipated. A derivative transaction depends upon the counterparties’ ability to fulfill their contractual obligations.

Diversification may not protect against market risk.

The Funds may invest in bank loans and other direct indebtedness, and therefore are subject to the risk that they will not receive payment of principal, interest, and other amounts due in connection with these investments, which primarily depend on the financial condition of the borrower and the lending institution.

Interest payments on inflation-indexed debt securities will vary as the principal and/or interest is adjusted for inflation.

If and when the Fund invests in forward foreign currency contracts or uses other investments to hedge against currency risks, the Fund will be subject to special risks, including counterparty risk.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in them.

International investments entail risks not ordinarily associated with U.S. investments including fluctuation in currency values, differences in accounting principles, or economic or political instability in other nations. Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility and lower trading volume. Diversification may not protect against market risk.