Special purpose acquisition companies (SPACs)—also known as blank-check companies—have gained immense popularity among investors since the beginning of 2020, despite being around for decades.
The switch on the U.S. economy is readying to come fully “on,” more than a year after the global pandemic forced abrupt closures around the world and across industries.
The smallest companies in the market may be overlooked by many investors, but can offer big potential. Here, we posed some questions about micro-capitalization (microcap) stocks to Franklin Mutual Series Portfolio Manager Oliver Wong, who explains how they have fared recently and where he’s finding opportunities.
Outperforming the market, requires looking different than the market. Actively managed, concentrated portfolios are one way to help diversify risk while adding to alpha potential and can be a welcome complement to passive allocations. At Diamond Hill, our equity strategies range from concentrated to highly concentrated—learn more about two of our highly concentrated strategies: Large Cap Concentrated and All Cap Select.
My guest today, Ryan Sullivan, has written that, in crisis moments, the “pros” are “active.” If a client hasn’t called you, don’t assume they are not concerned. If they get the sense you’re avoiding contacting them, they may reach out to another financial professional for help. But in-person meetings have been ill-advised and phone calls don’t provide the level of connection clients need. Virtual meeting technology is a great option for staying in touch with clients, and Ryan is here to share his research on this topic.
Markets are vulnerable to “significant declines” should risk appetites falter, the Federal Reserve has warned. At the moment, there are very few signs of that happening.
The performance of a market-cap-weighted index is driven by a handful of stocks with the largest capitalizations, but these stocks do not remain at the top for long. A smart beta multi-factor strategy is a good solution for investors concerned about the concentration risk of a passive market-cap tracker.
This is where the evolution happens, and a firm innovates to thrive in the future.
Seven of eight indexes on our world watch list posted gains through May 10, 2021. The top performer is France's CAC 40 with a gain of 15.03%, our own S&P 500 is in second is with a gain of 11.51% and Germany's DAXK is in third with a gain of 10.31%. Coming in last is China's Shanghai with a loss of 1.30%.
Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.
High-profile episodes, such as that involving GameStop, have led some to advocate for banning short selling. But new research confirms that short sellers play a valuable role in keeping markets efficient and preventing prices from overshooting their intrinsic value.
While investors are enthusiastic, the odds are growing that the Noah effect will come sooner than they think. The math is clear that returns over the next 10 years will pale in comparison to the last.
It is a particularly good time to invest in the commodities markets.
I am going to more dig into buffer-and-floor strategies, with a particular focus on the underlying options-pricing dynamics.
One of my all-time favorite quotes comes from Winston Churchill, who was just as witty as he was a great leader: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
Economic and earnings data are in boom territory, with more momentum likely near-term.
From digital factories to plant-based clothing, climate change investing is much more than just investing in renewable energy, according to the Templeton Global Equity Group.
Inflation is likely to rise in 2021—but will the rise be sustained? That seems to be the million-dollar question lately.
America’s municipal bonds are staging their longest winning streak against Treasuries in seven years.
Fear of rejection ranks high, but there’s more than one way to get referrals.
Every year, the identities of almost 2.5 million Americans who are deceased are stolen by thieves to open fraudulent credit cards, access financial assets, file fake tax returns, obtain driver’s licenses, steal medical identities and more.
There’s an old bit of advice that one shouldn’t count one’s chickens before they’re hatched.
Advisor Perspectives has announced its Venerated Voices™ awards for commentaries published in Q1 2021.
Corporate executives often bemoan the cost of high regulation, but new research show that greater federal regulatory scrutiny has historically correlated with better stock performance.
This “fat, juicy pitch down the middle” stock-picking opportunity could stretch many months into the future. Professional managers and investors should embrace this opportunity for as long as it lasts.
Valid until the market close on May 310 2021.
The S&P 500 closed April with a monthly gain of 6% after a gain of 4.24% in March. At this point, after close on the last day of the month, four of five S&P 500 strategies are signaling "invested" — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US ETF (VEU), Vanguard REIT Index ETF (VNQ), and Invesco DB Commodity Index Tracking (DBC) — unchanged from last month's quadruple "invested" signal.
We believe Asia is the core of growth and innovation within emerging markets, and companies domiciled in Asia comprise over 75% of the benchmark universe.
With everything up, where are the value buying opportunities?
The consumer asset-backed securities sector is often under heightened scrutiny.
Today the National Association of Realtors released the March data for their Pending Home Sales Index. According to the National Association of Realtors®, "Pending home sales increased in March, snapping two consecutive months of declines."
The reflation trade continued in earnest during the first quarter of 2021. Commodities were up another 13.3% from January to March, following a 14.7% move in the fourth quarter of 2020.
Much has changed since the oil-market collapse in the early pandemic days of 2020, when prices actually turned negative. Franklin Templeton Fixed Income Research Analyst/Portfolio Manager Bryant Dieffenbacher looks back at industry developments since then, and outlines opportunities he sees in the high-yield energy bond market today.
Let’s talk through how you can leverage the power of LinkedIn to attract more qualified leads by focusing on the six most common mistakes I see advisors making.
Nuclear decommissioning trusts (NDTs), the pools of money accumulated over decades used to dismantle nuclear power plants and safely dispose of radioactive materials, allocate about 40% of their assets to fixed income securities.
Although we remain constructive about the economic outlook, the recent increase in speculative activity gives us some pause. We continue to favor a cautious approach in the near-to-medium term.
New research shows that, since 2010, “green” stocks – those of companies with a low carbon footprint – have outperformed “brown” stocks. That may have been caused by increased demand from investors pursuing an ESG mandate, which means the effect is temporary and brown stocks now have higher expected returns.
Other than a few media spiced stories about normal joe investor making millions on a trade, the majority of retail investors’ returns are just average, but there are ways they can improve their portfolio returns.
More than 60 central banks right now are believed to be exploring the idea of digital currencies, including retail tokens that would be used by citizens as well as wholesale applications for financial institutions.
Investors choose particular exchange-traded funds (ETFs) for many reasons, but volume and liquidity are often important considerations.
Checkout.com is leading a $110 million funding round for Saudi payments firm Tamara in one of the Middle East’s largest-ever startup investments as demand booms for e-commerce and fintech solutions.
To his 50,000 Twitter followers, Michael Green is an acerbic critic of the passive investing boom and the disquieting distortions it has inflicted on the U.S. stock market.
Factor timing is the ability to add value to an investment strategy by altering the exposure to various factors through time.
This is our Q1 2021 slide presentation of our quarterly strategy report.
There is no way this bull market doesn’t end very badly.
US small-cap value stocks have enjoyed considerable success since value stocks began to outperform growth in October 2020.
As markets surge to record highs, analysts are rushing to ratchet up earnings estimates as optimism explodes.
Black swans are rarely as surprising as the concept suggests.
In 40 years, I’ve never seen as many signs of change in the planning/advisory profession as I see right now.
Imagine never having to do your least favorite chore!
Are Mid Caps More Resilient in Times of Crisis?
Learn how mid-caps managed to outperform both large and small-cap stocks during the last three systemic crises in our latest whitepaper.
Download our whitepaper to explore:
The great stock-market rotation is revitalizing a $1.4 trillion corner of quantitative investing and handing ETF managers a rare opportunity to outperform the S&P 500.
Even before the war is over, the winning side needs to consider how to “win the peace” which will follow.
With equity markets continuing to hit new records, the arguments for further upside versus an imminent pullback are intensifying. What direction market go will still be driven by Covid, but not for long.
After an unprecedented year, investors can expect an equally unmatched economic and market recovery.
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over.
The 2015 Paris Agreement introduced the legally binding goal of maintaining the average global temperature below the pre-industrial revolution average plus 2o Celsius in order to avoid severe stress on natural and socioeconomic systems.
Slow or stale growth always boils down to the same three reasons…
After one of the strangest years ever, ETF debuts are once again ramping up to capture cash flooding the industry.
Hundreds of years of history shows us that investment bubbles have been a regularly occurring feature of the financial markets.
Institutions are increasingly allocating to digital assets, but their role in a portfolio is not yet well defined or studied. This piece focuses on Bitcoin and reviews its relationship with major asset classes in the context of an institutional caliber portfolio. Standard techniques are used to help advisors better understand position sizing and the associated risk/reward tradeoff.
Infrastructure merits more investment, everywhere; we look at the specifics of the U.S. proposal.
Another round of stimulus totaling $1.9 trillion is making its way through the US economy, with hopes it will trigger a sharp rebound from the ravages of COVID-19.
We’re more than ready to put the pandemic in the rearview mirror. For the first time since this all started a year ago, more than one million people per day have been flying commercial in the U.S. for 30 straight days.
Planning for retirement has historically been focused on saving as much as possible.
With global equities trading near record highs, many investors are questioning the potential for continued gains going forward.
Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy.
Within the growth-vs.-value context, we’d like to discuss three Covid-related scenarios for companies.
Treasury Secretary Janet Yellen on Tuesday outlined her department’s plans on fighting climate change with remarks that are likely to ramp up a dispute with Republican lawmakers over the appropriate use of financial regulation on that front.
The Asset-Map process and its toolset is a force for robust conversations that provides the basis for your advice.
We have found a number of candidates with great credentials on paper, but when we speak with them they don’t seem to be a good fit for what we’re building.
Today’s market environment taps into bond investors’ primal fears.
Defining a quality business is easier said than done. We have found that the highest quality businesses either consistently exercise pricing power while maintaining market share or consistently grow market share by undercutting incumbents. A choice few companies we call “compounding machines” can both raise price and increase market share.
Central banks will go digital, and homeowners avoided foreclosure.
In this article, I’ll outline what makes good trading models and how to incorporate that into a thoughtful trading program.
A fast-growing stock – what clients believe is the next Google – is likely to be a disappointing investment. New research, which validates the theory of behavioral economics, shows that “representativeness” explains why clients overweight stocks with high asset growth.
The last year brought exponential growth in, among other things, use of the word “exponential.” It is now the go-to term when you want to say something is “growing super-fast.”
The acceptance of digital currencies as a form of payment expanded greatly this week, foreshadowing the increasingly important role cryptos such as Bitcoin and Ether will play in our lives going forward.
Some call the recent rotation from growth to value outperformance transitory. We believe it may have staying power, making value stocks a formidable complement to growth in a balanced equity portfolio.
Within days of each other in March two Northeast Ohio legends passed away: Michael Stanley and Joe Tait.
What if you could have an indexed portfolio tailored to personal priorities such as ESG that was highly tax efficient? My guests today will discuss how that is now possible, and how mass personalization like this is pivotal for advisor growth in an increasingly digital and personal world.
Let’s look at the four most popular social media platforms for business, who’s using them, and what type of content is the best fit for each one.
With a broad-based economic reopening coming closer into focus, investors are planning for the next stage in the cycle.
We forecast a strong global recovery in 2021 amid significant fiscal support, accommodative monetary policy, diminishing lockdowns, and accelerating vaccinations.
Cathie Wood has spent months defending Ark Investment Management from critics who say the money manager has too much cash tied up in too few stocks. The firm’s latest move is handing them fresh ammunition.
One of the most widely studied aspects of the capital markets is the low-volatility anomaly. It is the fact that low-volatility stocks have achieved higher performance than what theory predicts. My guest today, Dan Waldron, oversees one of the most popular ETFs based on that strategy. He is here to talk about how a low-volatility and high-quality strategy will achieve superior returns over time.
Addressing technical, idiosyncratic and structural aspects of inflation.
Investing based on ESG concerns should lead to lower returns, since the prices of those stocks will be bid up beyond their intrinsic value. But new research shows that by combining ESG- and momentum-based principles, investors can achieve higher risk-adjusted returns.
My question, as always, is whether we’re measuring inflation accurately. What if we’re doing it all wrong? As investors, we want to make decisions based on the best available data, so what should we do if the data is incomplete or flawed?
Pronounced “D-N-A,” this Knowledge Leader was founded in 1999 by three Tokyo entrepreneurs seeking to establish an online auction site.
The race to the bottom continues as two of the largest ETF issuers are slicing what investors pay in the $6 trillion industry’s battle to manage the most cash.
Active Management
SPACs: What Are They, and Are They a Risk to the Market?
Special purpose acquisition companies (SPACs)—also known as blank-check companies—have gained immense popularity among investors since the beginning of 2020, despite being around for decades.
One Hot Economy, Two Burning Questions on Value and Income
The switch on the U.S. economy is readying to come fully “on,” more than a year after the global pandemic forced abrupt closures around the world and across industries.
Examining the Environment for Microcap Stocks
The smallest companies in the market may be overlooked by many investors, but can offer big potential. Here, we posed some questions about micro-capitalization (microcap) stocks to Franklin Mutual Series Portfolio Manager Oliver Wong, who explains how they have fared recently and where he’s finding opportunities.
Concentrating on Success
Outperforming the market, requires looking different than the market. Actively managed, concentrated portfolios are one way to help diversify risk while adding to alpha potential and can be a welcome complement to passive allocations. At Diamond Hill, our equity strategies range from concentrated to highly concentrated—learn more about two of our highly concentrated strategies: Large Cap Concentrated and All Cap Select.
How to Improve the Virtual Client Meeting Experience
My guest today, Ryan Sullivan, has written that, in crisis moments, the “pros” are “active.” If a client hasn’t called you, don’t assume they are not concerned. If they get the sense you’re avoiding contacting them, they may reach out to another financial professional for help. But in-person meetings have been ill-advised and phone calls don’t provide the level of connection clients need. Virtual meeting technology is a great option for staying in touch with clients, and Ryan is here to share his research on this topic.
Reflation, Inflation, Deflation: Stocks Can Live With Everything
Markets are vulnerable to “significant declines” should risk appetites falter, the Federal Reserve has warned. At the moment, there are very few signs of that happening.
The Fall of the Titans!
The performance of a market-cap-weighted index is driven by a handful of stocks with the largest capitalizations, but these stocks do not remain at the top for long. A smart beta multi-factor strategy is a good solution for investors concerned about the concentration risk of a passive market-cap tracker.
How Firms Can Evolve for the Future Before It Arrives
This is where the evolution happens, and a firm innovates to thrive in the future.
World Markets Update: May 10, 2021
Seven of eight indexes on our world watch list posted gains through May 10, 2021. The top performer is France's CAC 40 with a gain of 15.03%, our own S&P 500 is in second is with a gain of 11.51% and Germany's DAXK is in third with a gain of 10.31%. Coming in last is China's Shanghai with a loss of 1.30%.
The Current State of Retirement Income
Retirement planning has evolved from a singular focus on savings to ensuring that account values provide income for life. Multiple generations of DC plan participants are concerned that they’ll outlive their retirement savings, and they’re turning to plan sponsors for solutions.
Short Selling Keeps Markets Efficient
High-profile episodes, such as that involving GameStop, have led some to advocate for banning short selling. But new research confirms that short sellers play a valuable role in keeping markets efficient and preventing prices from overshooting their intrinsic value.
Prepare for the Noah Effect
While investors are enthusiastic, the odds are growing that the Noah effect will come sooner than they think. The math is clear that returns over the next 10 years will pale in comparison to the last.
The Recovery will be Positive for Commodities
It is a particularly good time to invest in the commodities markets.
It’s Good to Have Options, Part 3: Buffers versus Floors
I am going to more dig into buffer-and-floor strategies, with a particular focus on the underlying options-pricing dynamics.
No Country Has Ever Taxed Itself into Prosperity
One of my all-time favorite quotes comes from Winston Churchill, who was just as witty as he was a great leader: “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
Boom Boom Pow: Have Stocks Already Priced in Economic Boom?
Economic and earnings data are in boom territory, with more momentum likely near-term.
Climate Change Sectors Heat Up
From digital factories to plant-based clothing, climate change investing is much more than just investing in renewable energy, according to the Templeton Global Equity Group.
Rising Inflation: What It Means for TIPS and Other Investments
Inflation is likely to rise in 2021—but will the rise be sustained? That seems to be the million-dollar question lately.
Muni Bonds See Longest Winning Streak Over Treasuries Since 2014
America’s municipal bonds are staging their longest winning streak against Treasuries in seven years.
Four Ways to Influence Referrals for Those Who Hate to Ask
Fear of rejection ranks high, but there’s more than one way to get referrals.
Help Clients Prevent Deceased Identity Theft
Every year, the identities of almost 2.5 million Americans who are deceased are stolen by thieves to open fraudulent credit cards, access financial assets, file fake tax returns, obtain driver’s licenses, steal medical identities and more.
Counting the Chickens Twice
There’s an old bit of advice that one shouldn’t count one’s chickens before they’re hatched.
Venerated Voices™ Q1 2021 Rankings
Advisor Perspectives has announced its Venerated Voices™ awards for commentaries published in Q1 2021.
High Regulatory Costs Drive Higher Stock Returns
Corporate executives often bemoan the cost of high regulation, but new research show that greater federal regulatory scrutiny has historically correlated with better stock performance.
A Golden Era for Active Equity Management
This “fat, juicy pitch down the middle” stock-picking opportunity could stretch many months into the future. Professional managers and investors should embrace this opportunity for as long as it lasts.
Moving Averages: Up 6% in April
Valid until the market close on May 310 2021.
The S&P 500 closed April with a monthly gain of 6% after a gain of 4.24% in March. At this point, after close on the last day of the month, four of five S&P 500 strategies are signaling "invested" — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US ETF (VEU), Vanguard REIT Index ETF (VNQ), and Invesco DB Commodity Index Tracking (DBC) — unchanged from last month's quadruple "invested" signal.
Matthews Emerging Markets Small Companies Fund
We believe Asia is the core of growth and innovation within emerging markets, and companies domiciled in Asia comprise over 75% of the benchmark universe.
With Everything Up Right Now, Where are the Value Buying Opportunities?
With everything up, where are the value buying opportunities?
Post-COVID Trials and Trends in Consumer ABS
The consumer asset-backed securities sector is often under heightened scrutiny.
Pending Home Sales Up 1.9% in March
Today the National Association of Realtors released the March data for their Pending Home Sales Index. According to the National Association of Realtors®, "Pending home sales increased in March, snapping two consecutive months of declines."
2021 Q1 Letter
The reflation trade continued in earnest during the first quarter of 2021. Commodities were up another 13.3% from January to March, following a 14.7% move in the fourth quarter of 2020.
High Yield Bonds in View: Energy
Much has changed since the oil-market collapse in the early pandemic days of 2020, when prices actually turned negative. Franklin Templeton Fixed Income Research Analyst/Portfolio Manager Bryant Dieffenbacher looks back at industry developments since then, and outlines opportunities he sees in the high-yield energy bond market today.
The Worst Mistakes Advisors Make on LinkedIn
Let’s talk through how you can leverage the power of LinkedIn to attract more qualified leads by focusing on the six most common mistakes I see advisors making.
Nuclear Decommissioning Trusts: Broadening the Fixed Income Opportunity Set
Nuclear decommissioning trusts (NDTs), the pools of money accumulated over decades used to dismantle nuclear power plants and safely dispose of radioactive materials, allocate about 40% of their assets to fixed income securities.
Nonplussed – Strategic Income Outlook, Second Quarter
Although we remain constructive about the economic outlook, the recent increase in speculative activity gives us some pause. We continue to favor a cautious approach in the near-to-medium term.
”Green” Stocks Outperformed “Brown” Ones
New research shows that, since 2010, “green” stocks – those of companies with a low carbon footprint – have outperformed “brown” stocks. That may have been caused by increased demand from investors pursuing an ESG mandate, which means the effect is temporary and brown stocks now have higher expected returns.
DIY Investors Underperform the Market: Here are 6 Reasons Why
Other than a few media spiced stories about normal joe investor making millions on a trade, the majority of retail investors’ returns are just average, but there are ways they can improve their portfolio returns.
Are Central Bank Digital Currencies the Future of Money?
More than 60 central banks right now are believed to be exploring the idea of digital currencies, including retail tokens that would be used by citizens as well as wholesale applications for financial institutions.
Volume and the Hybrid Nature of the ETF Vehicle
Investors choose particular exchange-traded funds (ETFs) for many reasons, but volume and liquidity are often important considerations.
Checkout.com Leads $110 Million Round for Saudi Fintech Tamara
Checkout.com is leading a $110 million funding round for Saudi payments firm Tamara in one of the Middle East’s largest-ever startup investments as demand booms for e-commerce and fintech solutions.
A Hater of Passive Investing Joins an ETF Firm to Wage His War
To his 50,000 Twitter followers, Michael Green is an acerbic critic of the passive investing boom and the disquieting distortions it has inflicted on the U.S. stock market.
Factor Timing: Keep It Simple
Factor timing is the ability to add value to an investment strategy by altering the exposure to various factors through time.
Reflation and Rotation
This is our Q1 2021 slide presentation of our quarterly strategy report.
There Is No Way This Bull Market Doesn’t End Very Badly
There is no way this bull market doesn’t end very badly.
Will the Sweet Spot for Smaller Value Stocks Persist?
US small-cap value stocks have enjoyed considerable success since value stocks began to outperform growth in October 2020.
#Fundamentally Speaking: Earnings Optimism Explodes
As markets surge to record highs, analysts are rushing to ratchet up earnings estimates as optimism explodes.
The Origins of Black Swans
Black swans are rarely as surprising as the concept suggests.
The Transformational Decade Ahead for the Planning Profession
In 40 years, I’ve never seen as many signs of change in the planning/advisory profession as I see right now.
The Six Things I Wish Someone Told Me About Marketing Automation
Imagine never having to do your least favorite chore!
Historic Pattern of Mid-Cap Outperformance
Are Mid Caps More Resilient in Times of Crisis?
Learn how mid-caps managed to outperform both large and small-cap stocks during the last three systemic crises in our latest whitepaper.
Download our whitepaper to explore:
Quant-Inspired ETFs Are Breaking Records and Beating the S&P 500
The great stock-market rotation is revitalizing a $1.4 trillion corner of quantitative investing and handing ETF managers a rare opportunity to outperform the S&P 500.
Winning the Peace
Even before the war is over, the winning side needs to consider how to “win the peace” which will follow.
The Direction of Equity Markets After Covid
With equity markets continuing to hit new records, the arguments for further upside versus an imminent pullback are intensifying. What direction market go will still be driven by Covid, but not for long.
An Investor, An Economist and a Post-Pandemic Outlook
After an unprecedented year, investors can expect an equally unmatched economic and market recovery.
Jack Ma’s Double-Whammy Marks End of China Tech’s Golden Age
The full implications of Beijing’s rapid-fire moves against Jack Ma’s internet empire in recent days won’t be apparent for weeks, but one lesson is already clear: The glory days for China’s technology giants are over.
Seven Policy Proposals to Meet the Paris Agreement Objectives
The 2015 Paris Agreement introduced the legally binding goal of maintaining the average global temperature below the pre-industrial revolution average plus 2o Celsius in order to avoid severe stress on natural and socioeconomic systems.
The Three Reasons You’re Not Growing (And What To Do About It)
Slow or stale growth always boils down to the same three reasons…
Record Number of ETFs Launch Into Industry Deluged With Cash
After one of the strangest years ever, ETF debuts are once again ramping up to capture cash flooding the industry.
The Next Bubble?
Hundreds of years of history shows us that investment bubbles have been a regularly occurring feature of the financial markets.
Bitcoin: An Asset Allocator’s Perspective
Institutions are increasingly allocating to digital assets, but their role in a portfolio is not yet well defined or studied. This piece focuses on Bitcoin and reviews its relationship with major asset classes in the context of an institutional caliber portfolio. Standard techniques are used to help advisors better understand position sizing and the associated risk/reward tradeoff.
Economic Commentary on Infrastructure: U.S. Proposal, Global Gap, Digital Divide
Infrastructure merits more investment, everywhere; we look at the specifics of the U.S. proposal.
State and Local Governments Get Shot of Stimulus
Another round of stimulus totaling $1.9 trillion is making its way through the US economy, with hopes it will trigger a sharp rebound from the ravages of COVID-19.
Positive First-Quarter Data Point to a Global, Sustained Economic Boom
We’re more than ready to put the pandemic in the rearview mirror. For the first time since this all started a year ago, more than one million people per day have been flying commercial in the U.S. for 30 straight days.
Future-Income Focus May Boost Current DC Plan Savings
Planning for retirement has historically been focused on saving as much as possible.
Secular Tailwinds Prevail Across Market Cycles
With global equities trading near record highs, many investors are questioning the potential for continued gains going forward.
Global Equities: Reviewing the Risks to Recovery
Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy.
Market Leadership Shifted as Investors Gained Confidence in a Post-Covid Economic Rebound
Within the growth-vs.-value context, we’d like to discuss three Covid-related scenarios for companies.
Yellen Backs Aligning U.S. Portfolios With Climate Goals
Treasury Secretary Janet Yellen on Tuesday outlined her department’s plans on fighting climate change with remarks that are likely to ramp up a dispute with Republican lawmakers over the appropriate use of financial regulation on that front.
Using Asset-Map in the Client-Discovery Process
The Asset-Map process and its toolset is a force for robust conversations that provides the basis for your advice.
Finding and Keeping Talent That Fits in Your Organization
We have found a number of candidates with great credentials on paper, but when we speak with them they don’t seem to be a good fit for what we’re building.
Three Strategies for Navigating Turbulent Bond Markets
Today’s market environment taps into bond investors’ primal fears.
Price Makers, Share Gainers, and Compounding Machines: Three Quality Business Models
Defining a quality business is easier said than done. We have found that the highest quality businesses either consistently exercise pricing power while maintaining market share or consistently grow market share by undercutting incumbents. A choice few companies we call “compounding machines” can both raise price and increase market share.
Economic Commentary: Digital Currencies, Mortgage Forbearance, Pets
Central banks will go digital, and homeowners avoided foreclosure.
A Guide to Understanding Systematic Trading
In this article, I’ll outline what makes good trading models and how to incorporate that into a thoughtful trading program.
The Risk in Stocks of Fast Growing Companies
A fast-growing stock – what clients believe is the next Google – is likely to be a disappointing investment. New research, which validates the theory of behavioral economics, shows that “representativeness” explains why clients overweight stocks with high asset growth.
The Exponential Ride
The last year brought exponential growth in, among other things, use of the word “exponential.” It is now the go-to term when you want to say something is “growing super-fast.”
We’re on the Cusp of Mass Crypto Acceptance
The acceptance of digital currencies as a form of payment expanded greatly this week, foreshadowing the increasingly important role cryptos such as Bitcoin and Ether will play in our lives going forward.
Opportunity Still Alive in Value Stocks
Some call the recent rotation from growth to value outperformance transitory. We believe it may have staying power, making value stocks a formidable complement to growth in a balanced equity portfolio.
Money Seemingly Boundless
Within days of each other in March two Northeast Ohio legends passed away: Michael Stanley and Joe Tait.
Minisode - SEI Systematic Core Personalization Podcast
What if you could have an indexed portfolio tailored to personal priorities such as ESG that was highly tax efficient? My guests today will discuss how that is now possible, and how mass personalization like this is pivotal for advisor growth in an increasingly digital and personal world.
Which Social Media Platform Is Right for My Brand?
Let’s look at the four most popular social media platforms for business, who’s using them, and what type of content is the best fit for each one.
K2 Advisors Second Quarter Hedge-Fund Strategy Outlook
With a broad-based economic reopening coming closer into focus, investors are planning for the next stage in the cycle.
Dealing With an Inflation Head Fake
We forecast a strong global recovery in 2021 amid significant fiscal support, accommodative monetary policy, diminishing lockdowns, and accelerating vaccinations.
Cathie Wood’s ETFs Ditch Ownership Caps, Add SPAC Warning
Cathie Wood has spent months defending Ark Investment Management from critics who say the money manager has too much cash tied up in too few stocks. The firm’s latest move is handing them fresh ammunition.
The Case for a Low-Volatility, High-Quality Strategy
One of the most widely studied aspects of the capital markets is the low-volatility anomaly. It is the fact that low-volatility stocks have achieved higher performance than what theory predicts. My guest today, Dan Waldron, oversees one of the most popular ETFs based on that strategy. He is here to talk about how a low-volatility and high-quality strategy will achieve superior returns over time.
Economic Commentary on Inflation: Base Effects, Supply Chain Disruptions and Aging Populations
Addressing technical, idiosyncratic and structural aspects of inflation.
Combining Momentum and ESG Ratings Enhances Performance
Investing based on ESG concerns should lead to lower returns, since the prices of those stocks will be bid up beyond their intrinsic value. But new research shows that by combining ESG- and momentum-based principles, investors can achieve higher risk-adjusted returns.
What If We're Measuring Inflation All Wrong?
My question, as always, is whether we’re measuring inflation accurately. What if we’re doing it all wrong? As investors, we want to make decisions based on the best available data, so what should we do if the data is incomplete or flawed?
Spotlight DeNA: Embracing the User’s Point of View
Pronounced “D-N-A,” this Knowledge Leader was founded in 1999 by three Tokyo entrepreneurs seeking to establish an online auction site.
State Street Cuts ETF Fees, Amping Up Wall Street’s Race to Zero
The race to the bottom continues as two of the largest ETF issuers are slicing what investors pay in the $6 trillion industry’s battle to manage the most cash.