Where Can You Turn for Yield and Income in Today’s Markets? – ProShares – 4.20.20

Overview:
Title: Where Can You Turn for Yield and Income in Today’s Markets?
Date: Monday, April 20, 2020
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

Now On Demand.

Today’s markets are among the most complex in recent history. And while the government stimulus may have helped, the markets are still far from stable. That means you may have to look to portfolio strategies you hadn’t considered before as sources of yield and income.

Join Phillip Brzenk, Senior Director, Strategy & Volatility Indices from S&P Dow Jones Indices, along with ProShares Investment Strategists Simeon Hyman and Kieran Kirwan, for an up-to-date market outlook and an in-depth look at two equity strategies to potentially find yield and income under today’s conditions.

  • Delve into the recent government stimulus, market volatility, and growing scarcity of income.
  • Understand why yield-hungry investors may want to revisit their portfolio structures.
  • Explore equity strategies that may generate income, including the S&P 500® Dividend Aristocrats® Index and Dow Jones Brookfield Global Infrastructure Composite Index.
  • Examine ProShares ETFs based on these strategies: NOBL and TOLZ. NOBL’s strong historical performance characteristics and up/down capture, and TOLZ’s steady cash flows, could make both funds attractive for investors seeking new sources of yield.

Speakers:
Phillip Brzenk, CFA Phillip Brzenk, CFA Senior Director, Strategy & Volatility Indices S&P Dow Jones Indices

Phillip Brzenk is Senior Director, Strategy & Volatility Indices at S&P Dow Jones Indices (S&P DJI). His field focuses on alternate beta strategies, including factor-based indices, dividends, and volatility, as well as quantitative, thematic, and asset-allocation strategies. In his role, Phillip works closely with the sales, channel, marketing, and research departments to bring new ideas to market.

Prior to his current role, Phillip was a Senior Director in the Global Research & Design team, where he was responsible for conceptualization, research, and design of core and quantitative equity, volatility, multi-asset, alternative data, and thematic indices. Phillip has held various roles in other departments at S&P DJI including strategy index management, custom, and development.

Phillip is a CFA charterholder and a member of the CFA Society New York. He has a bachelor’s degree in management with a concentration in finance from the Georgia Institute of Technology.
Simeon Hyman, CFA Simeon Hyman, CFA Global Investment Strategist ProShares

Simeon Hyman joined ProShares in 2013 as Head of Investment Strategy. Mr. Hyman leads ProShares’ team of investment professionals engaged in portfolio analysis, product research and development, education and the delivery of investment strategies using the company’s ETFs. He and his team are also responsible for the development and publication of research, white papers and other content to present ProShares as a leader in the ETF industry.

Prior to ProShares, Mr. Hyman spent several years at Bloomberg where he was Chief Investment Officer for Bloomberg’s technology-driven wealth management business, BloombergBlack. He also served as Chairman of the Investment Committee and led the team of investment professionals tasked with the continuous delivery of investment advice, research content, and strategic and tactical asset allocation guidance. Before joining Bloomberg, Mr. Hyman was Head of Investment Strategy and Due Diligence for UBS. There, he established asset allocation and investment strategies for the $300 billion UBS U.S. Wealth Management business and directed due diligence for the $50 billion separately managed account business. Prior to UBS, Mr. Hyman served as the Chief Investment Officer of Lehman Brothers Trust Company.

Mr. Hyman earned bachelor’s and master’s degrees in economics from the University of Connecticut and an MBA from Columbia Business School. He holds Series 7, 24, 63 and 66 FINRA registrations and the Chartered Financial Analyst designation.
Kieran Kirwan, CAIA Kieran Kirwan, CAIA Director, Investment Strategy ProShares

Kieran Kirwan joined ProShares in 2013 and currently serves as Director, Investment Strategy. His responsibilities include portfolio analysis, education, product research and development, and the presentation of investment strategies using the company’s ETFs. Prior to joining ProShares, Mr. Kirwan served in a variety of roles during a 15-year tenure with Deutsche Asset & Wealth Management (Deutsche Bank). Most recently he was a Vice President, serving as lead investment specialist representing several strategies in the global equity, commodities, infrastructure and real estate asset classes to prospects and clients. Before that, Mr. Kirwan was Vice President, Product Strategy and Economics, responsible for the platform’s product profitability and distribution strategy initiatives, Vice President, Finance and Controlling Group, and an Associate Vice President with the Financial Reporting Group.

Mr. Kirwan earned a bachelor’s degree in accountancy from the University of Illinois at Urbana-Champaign, holds Series 7 and 63 FINRA registrations, and holds the Chartered Alternative Investment Analyst designation.

Investing involves risk, including the possible loss of principal. These ProShares ETFs are diversified and entail certain risks, including imperfect benchmark correlation and market price variance, which can increase volatility and decrease performance. International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

TOLZ is subject to risks faced by companies in the infrastructure, energy and utilities industries to the same extent as the Dow Jones Brookfield Global Infrastructure Composite Index is so concentrated. TOLZ invests in master limited partnerships (MLPs). Investments in MLPs expose the ETF to certain tax risks associated with investing in partnerships. Changes in U.S. tax laws could revoke the pass-through attributes that provide the tax efficiencies that make MLPs attractive investment structures. MLPs may also have limited financial resources, may be relatively illiquid, and may be subject to more erratic price movements because of the underlying assets they hold. In addition, a portion of TOLZ ‘s distributions may be a return of capital, which constitutes the return of a portion of a shareholder’s original investment. Under tax rules, returns of capital are generally not currently taxable, but lower a shareholder’s tax basis in their shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of shares.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The “S&P 500® Dividend Aristocrats® Index” and “Dow Jones Brookfield Global Infrastructure Composite” Index are products of S&P Dow Jones Indices LLC and its affiliates and have been licensed for use by ProShares. “S&P®” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by these entities and their affiliates as to their legality or suitability. ProShares based on these indexes are not sponsored, endorsed, sold or promoted by these entities and their affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. ProShares are distributed by SEI Investments Distribution Co. (“SIDCO”), which is not affiliated with the funds’ advisor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.