News & Research

Schroders Makes Case For Global Small Caps

If there’s a pull back, and there will be eventually, then the asset to buy on the dips is global small cap stocks, say investment analysts with Schroders. Global small cap stocks have returned 317% since the lows in the S&P 500 in March 2009, but may still be good value. They’ll be especially good if the market finally corrects.For investors to hop on board with Schroders, small cap...

Brexit: Currency Impact On Portfolios

Brexit was triggered today, thus beginning the roughly two year process of the U.K. leaving the European Union. It is expected that the process will be final by Oct. 2018 with U.K. being free of Brussels by March 2019.What does this mean for markets? For starts, it’s all about currency risk in client portfolios.The pound () was relatively quiet for the first few hours when Theresa May triggered Article...

Asset Allocators Looking Overseas

Investors are continuing to look outside of the S&P 500 as we head into the second quarter. In fact, according to market technician John Lewis of Dorsey Wright Money Management, their investor platform now has the iShares S&P Latin America () as a top three market based on momentum and relative strength.Worth noting, ILF is up over 16% this year.“We focus on trend following and price movement because we...

Nikko Takes Contrarian View On Trump

Barclays said two weeks ago that the Trump agenda was finished. Japanese money manager Nikko Asset Management in New York is going the other way. Despite all the political wrangling, Nikko’s chief global strategist, John Vail, thinks a good portion of Trump’s agenda really will be enacted this year, including moderately-sized corporate tax cuts and infrastructure spending in the second half.“It will be important for markets whether this is...

Arbitraging Closed End Fund (CEF) Inefficiencies

Closed end funds (CEF) are one of the few remaining inefficient markets out there and if you play it right, it can almost be like gaming the system. Greg Neer, director of research and fund manager at Relative Value Partners says investors can get meaningful outperformance by either closely following the market themselves, or hiring a manager to do it on their behalf."One CEF I believe is interesting for most...

Silver And Gold, Silver Or Gold?

Gold and silver have been volatile, something market timers prefer because they have more chances to buy low. State Street's silver () ETF is up 12.6% over the last three months (better than gold), but down 3.5% (worse than gold) over the last four weeks. Much of the move is due to the Fed and traders moving fast in the futures market. The Fed is dovish, but still on...

Dorsey Wright On Buying Into Momentum

Investors who bought into trending stocks with momentum generated more alpha in their portfolio over the long term than the market, says John Lewis, senior portfolio manager with Dorsey Wright Money Management. Relative strength alpha versus the market from 1927 to 2016 shows the following: the short term average performance was 3.54% better than market; intermediate performance was 5.04% better and over the long haul, relative strength alpha was...

China Huishan Dairy Crash Is A Warning

Blockbuster crash of Chinese dairy company Huishan is a warning to mainland investors.  Sure, Huishan is an H-share company listed on the more transparent Hong Kong Stock Exchange, but its crash, and the prediction of its crash by Muddy Waters founder Carson Block, is an example of what investors will be dealing with whenever they buy Chinese listed stocks. This is particularly true for the A-shares many investment firms...

The Super-Thematic ETF

At first blush, it sounds genius: put together a super tight knit group of companies that are the biggest and baddest players in some of the newest segments on earth. Fintech. Big data. Drones. Yup, there's an ETF for that. Andrew Chanin has it. Chanin is the CEO of PureFunds, a seven year old investing research firm with roughly a billion under management in tactical ETFs. He sat down with...

Deutsche Bank Maximizes Small Cap Opportunities

Deutsche Bank's strategy in the U.S. ETF space has been fairly straight forward, says Arne Noack, the director of ETF products for the bank's asset management division in New York.  The Germans want to compete on price, and think big by going small. Instead of being large cap focused, they've built small cap products. Instead of being in Hong Kong like BlackRock's iShares FTSE China (), they went to the...