Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Economic Insights

How might these transformative technologies shape the world in the years to come? We asked Giulio Martini, Lord Abbett director of strategic asset allocation, for his thoughts.

In the other segments of our special report on blockchain and cryptocurrencies, we provided a basic view of how these technologies work, and discussed their implications for today’s investors. We also spoke with a Lord Abbett currency expert on their potential economic and market impact.  Here, we asked Giulio Martini, Lord Abbett partner and director of strategic asset allocation, to share his views on the emergence of these transformative technologies and their potential global impact in coming years. What follows are edited excerpts from the conversation:

Much has been written about digital currencies like Bitcoin and the adoption of blockchain technology—and a lot of it is confusing. Can you provide some clarity?

Martini: What I think the average person is having a problem with is distinguishing between Bitcoin as a medium of exchange for transactions and blockchain technology as a distributed ledger to track and bundle transactions and to provide some layer of security, which doesn’t exist right now.

It’s very curious that the desire to have an alternative currency would arise now, because currencies typically do a very good job of what we want them to do when inflation is low. And inflation's been very low for a long time. So, it's not as if we're in some dire situation as during Weimar Germany, and inflation is thousands of a percent per day, causing people to lose faith in the established currency. That's far from the case.

And, in fact, I don't think what Bitcoin, Ethereum, or Ripple represent for many people is really the currency aspect of them. Right now, you can only use them in a very limited circle for a very limited amount of transactions. And also because it's very clear that many of the initial adopters of cryptocurrencies might have some extralegal uses in mind.

So, the cryptocurrency boom might be fueled, in part, by a desire to evade the law?

Martini: There is a long history of new technologies being promoted by illicit behavior. So, if these currencies are mostly traded within criminal networks, or with people who want to evade international sanctions or capital controls, that doesn't mean that the technologies won't survive and become much more commonplace.

But I do think that these technologies expose you or anyone else to a lot of risk, because there are some key differences when it comes to cyrptocurrencies. In the traditional sense, a currency is something that only limited numbers of economic actors have the right to issue [i.e., a fiat currency].

In other words, the sovereign, whether it's the king or the elected government, has the authority to issue and take actions to maintain the value and integrity of a nation’s currency. So when the sovereign's right to issue currency is infringed, that historically has been a sure sign of the end of the authority of a government.

And so, if this does indeed happen—alternative currencies displacing currencies issued by a sovereign entity—I think that would be one of the most dramatic signals that not only have people lost faith in governments but also that governments have lost faith in themselves—and in their ability to control the global economic environment. Such an outcome would be extremely chaotic.

What’s the worst-case scenario?

Martini: Well, there are all kinds of possibilities in that regard. And that's a little bit scary. Because it really suggests that if cryptocurrencies are successful—that is, if they're adopted widely—and if control over issuance of currency by governments is lost, that could end up undermining global financial systems so profoundly and so severely that the very success of a cryptocurrency leads to its own collapse. That’s because the economic system that gave rise to it, and that it functions within, can't function anymore. So there is a potential for really significant threats to come out of the adoption of these digital currencies. Which is why, sooner or later, governments will at least make an attempt to regulate them heavily.

And, in my mind, that's a legitimate function of government: to regulate currency issuance and currency circulation. Whether these efforts will be successful in this so-called cryptocurrency era is hard to say. You see, we're at a point where the willingness of governments to cooperate with each other on issues such as trade, international regulation, or money laundering has diminished. Harmonizing of tax regimes has been systematically undermined, and cooperation is probably at the lowest point that we've been at since the last world war.

Nonetheless, it sounds like global governments are going to have to work together on this.

Martini: I suspect this will be required—meaning, global regulation, not national regulation. Because the networks that cryptocurrencies operate on are global in nature. But I think it’s going to be very difficult to get any kind of comprehensive agreement.

With governments very concerned with their own national situations, first and foremost, they are limited in their ability to cope with this effectively. There's little desire for cooperation today. If the United States is following an America first-kind of policy, and saying that every other country should do the same, that's not exactly an environment in which nations can easily come to sign treaties on very complex issues, especially those with significant financial consequences. Or, for that matter, even talk about them at all. But the underlying thing that I think has been difficult for people to separate from the other issues involved is the distributed ledger technologies, which, in different forms, are part of all the various cryptocurrencies.

When mainstream financial institutions begin adopting these technologies, how might things evolve?

Martini: Do you know who Blythe Masters is? She's a former J.P. Morgan executive who went out to build one of the first distributed ledger blockchain technology companies, Digital Asset Holdings. And that technology was adopted by the Australian Securities Exchange (ASX) at the beginning of December 2017 to replace its current clearing settlement compliance architecture.1 The project will replace all its back-office systems with a blockchain, distributed ledger-type of format. So, when a well-established, regulated financial entity like the ASX adopts the technology, that should tell you something.

I've heard people who are looking at this say it could be a game changer, because they think it could reduce the cost of transaction processing by 50% or more. If this technology is out there, companies are going to use it. And that's important, because transaction processing is a gigantic cost center for an insurance company or a bank.

Every new technology seems to have some unintended consequences, and can create fortunes for those who saw an opportunity where others did not. Is this still the case?

Martini: I was talking about this recently with someone who pointed out that when it comes to applications of new technologies, the kind of things they're going to spawn are completely unknown. For example, who could tell that a service like Uber would be an outgrowth of Internet technology? Because Uber couldn't exist without GPS technology, which evolved in tandem with the Internet.

So, as blockchain technology and the various cryptocurrencies evolve, we have no way of knowing what other collateral developments will happen and what completely new types of businesses may open up. That's just inherent in the nature of commercialization of technologies.

If blockchain technology, distributed ledger technology, is really what people say it is—a secure transaction platform that preserves anonymity—they will create a lot of possibilities, with new applications out there that are extremely significant. And so, that's what investors may be playing for in “crypto” stocks and futures on Bitcoin, Ethereum, or Ripple. If something like Bitcoin is really a currency with a whole lot of other things attached, and those other things are more valuable, then that’s where the real opportunity is.

And there is in this sort of an analogy to Amazon. Nobody knew what it was—nor what Facebook was, for that matter. People initially didn’t know their long-term potential: Amazon merely sold books, Facebook was a way to search out high-school classmates. But time, and technology, and user enthusiasm showed that they could become something else entirely.

It’s that uncertainty that makes cryptocurrency and blockchain investments so volatile, and that’s understandable. It's just potentially staggering what these technologies could do—but also what we should beware of.

Thank you for taking the time to speak with us.

 

1Jamie Smyth, “ASX Chooses Blockchain for Equities Clearing,” Financial Times, December 6, 2017.

FEATURED STRATEGIST

Please confirm your literature shipping address

Please review the address information below and make any necessary changes.

All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

Current Literature Shipping Address

* Required field