Search Results
Results 201–250
of 282 found.
Stanford Wonk Argues In Favor Of Levered Equity Funds
by Roger Nusbaum of AdvisorShares,
A long-time reader sent a link to an article from Forbes titled Leverage Your Way To A Richer Retirement. The article considered research done by Jason Scott at Financial Engines which looked at completely revamping the 4% rule (the 4% rule pertains to the optimal withdrawal rate for a retiree take from their portfolio without exhausting their funds).
The Important Role of Country Funds in a Diversified Portfolio
by Roger Nusbaum of AdvisorShares,
As most investors know, foreign equity markets have had a rough time of things performance-wise for the last couple of years relative to domestic equity markets. While Quantitative Easing may or may not be to blame, after years of generally outperforming the US in the previous decade the new decade has been a different story.
The Differences Between Gold Financed vs Gold Hedged Transaction
by Ade Odunsi of AdvisorShares,
Following on from our previous discussion piece on commodity fund taxation, this week we discuss the differences between a gold position financed in a (given) currency versus a gold position hedged into a currency. Broadly speaking the objective of a "currency financed" transaction is to give an investor the flexibility to choose the currency with which gold purchases are made.
If You Can?t Retire at 30 Then How About 38?
by Roger Nusbaum of AdvisorShares,
A couple of weeks ago we looked at an article from MarketWatch about a couple, now 39, who ?retired? when they were 30. They live frugally, one way or another accumulated a pretty decent nest egg in their 20?s and took the time to become financially literate.
Investor Refresher (An Intersection of Investing and Firefighting)
by Roger Nusbaum of AdvisorShares,
Anyone who has read my blog for any length of time may recall my active involvement with the local volunteer fire department where I live in Northern Arizona. Occasionally my work in the investment industry intersects with some aspect of firefighting and one such intersection just occurred last week.
What Harvard Can Teach Us About Portfolio Management
by Roger Nusbaum of AdvisorShares,
The takeaway for advisors is the need to make sure clients truly understand their time horizons and that their portfolios are being navigated toward their time horizon versus responding to short term events like a Green Mountain Coffee (NASDAQ:GMCR) popping 30% on a deal with Coca Cola (NYSE:KO) or a stretch of poor returns for emerging markets.
The Expanding Leveraged Loan Market
by Heather Rupp of AdvisorShares,
At the end of the day, a loan investor may be left with a security that has a low starting yield, little left in the way of capital gains potential, and with coupon income that is not at all increasing even if rates were to rise. While there are some selective opportunities for value in the loan space, broadly speaking we see high yield bonds as a more attractive market in the current environment.
Commodity Fund Taxation
by Ade Odunsi of AdvisorShares,
As markets, investment products and the manner in which clients access information have all evolved, advisors are answering more and more questions about how to invest in commodities which means advisors have to learn about the various taxation structures of the many different types of commodity exchange traded products.
A Decline in January Draws Attention to Portfolio Protection
by Roger Nusbaum of AdvisorShares,
January was a bumpy month for domestic equities as the S&P 500 declined by 3.5%. Perhaps the decline was influenced by the even larger decline in emerging markets, an earnings season that was viewed by some as disappointing or for no reason at all (markets dont always have a reason for what they do).
Bear Markets: Different Ingredients, Same Market Behaviors
by Roger Nusbaum of AdvisorShares,
While it is logical that markets are complex, the reality is that the level of complexity changes over time. The level of complexity started to increase last year when now former Fed Chairman Ben Bernanke first introduced the idea of what has come to be called tapering.
Do Portfolio Diversifiers Belong in Client Portfolios?
by Roger Nusbaum of AdvisorShares,
The big idea is that the stock market goes up more often than not but when it does go down it scares the hell out of clients. During these large declines some advisors will use tools like gold, hedge fund replicators, absolute return, market neutral, funds that sell short or any other products that tend to not look like the stock market to try to spare clients from the full effect of the decline.
The Equity "Game"
by Heather Rupp of AdvisorShares,
We have seen the cracks begin to emerge in the equity story over the past week. Earnings are beginning to come in and so far have been a disappointment. The retail sector is showing signs that Q4 was weaker than originally expected, with store cuts announced by, Sears, J.C. Penney, and Macys and job cuts at Target. Emerging markets have been roiled this week, with Argentina shifting policy, likely devaluing their currency, and other currencies plunging.
Investing by Duration
by Heather Rupp of AdvisorShares,
Lower duration bonds would not eliminate the interest rate impact, just lessen it. We see this as a good strategy broadly speaking if you are talking the high yield asset class versus the investment grade asset class, with the high yield market naturally having a much lower duration. However, we believe this strategy is lacking when it is used to parse out the high yield space itself, investing in only the lower duration names within the high yield category.
AdvisorShares Active ETF Market Share Update - Week Ending 1/10/14
The active ETF market continued its upward trend with combined net assets exceeding $15 billion. The total number of active ETFs rose to 75 with the launch of the AdvisorShares Sage Core Reserves ETF last week. The High Yield category had the highest weekly increase in net assets - approximately $68 million - with AdvisorShares Peritus High Yield ETF leading the way. Net assets in the Global Bond category gained over $35 million with RiverFront Strategic Income Fund and PIMCO Total Return ETF as the largest contributors.
Turning Asset Allocation Upside Down
by Roger Nusbaum of AdvisorShares,
After the second 50% drawdown of the US equity market in one decade, the investment industry began to reassess the idea of what asset allocation should look like. Unlike the 1980s and 1990s, financial professionals can no longer rely on an almost static 60/40 or 70/30, watch the equity portion triple in 15 or 20 years and then flip the whole thing to fixed income for a safe 6%.
Bonds and Rates
by Heather Rupp of AdvisorShares,
Right now the topic de jour in the fixed income space is interest rate risk. The traditional thought is that as interest rates rise, bond prices fall. But looking at history, the high yield market has defied this widely held notion. Lets examine the four main reasons why high yield bonds have historically performed well during times of rising interest rates.
AdvisorShares Active ETF Market Share Update - Week Ending 1/10/14
The active ETF market experienced a sizable increase, with total net assets exceeding $14.8 billion. The total number of active ETFs rose to 74 with State Street launching three equity products: SPDR MFS Systematic Core Equity ETF, SPDR MFS Systematic Growth Equity ETF and SPDR MFS Systematic Value Equity ETF last week.
The Leverage Buyout Overhang
by Heather Rupp of AdvisorShares,
While we are not opposed to leveraged buyouts, as they can often produce very supportive private equity partners, what does concern us is when the capital structure is levered up to a potentially unsustainable level due to these buyouts or large dividends to equity sponsors.
AdvisorShares Active ETF Market Share Update
The active ETF market experienced a slight downtick during the shortened New Years week, with total net assets exceeding $14.7 billion. The Global Bond category, led by the PIMCOs Total Return ETF and Global Advantage Inflation-Linked Bond Strategy, had the highest weekly decrease in net assets by about $62 million. Net assets in the Alternative category decreased by almost $28 million, which included the AdvisorShares Ranger Equity Bear ETF.
AdvisorShares Weekly Market Review
In this new year, the magnitude of 2013 comes full circle. The S&P 500 and the Dow finished the year with 29.6% and 26.5% gains, respectively. For the Dow, that was the biggest annual gain since 1995, and the fifth consecutive positive year. Most impressive in the developed markets was Japans Nikkei Stock Average, which surged 57%.
Is it Lift off Time for Commodity Prices?
by Martin Pring of AdvisorShares,
Martin is the Investment Strategist to the AdvisorShares Pring Turner Business Cycle ETF (DBIZ) - and since 1984, he has published the "Intermarket Review," a monthly global market report revered among analysts and market technicians. Martin shares his technical analysis on short and long term market momentum and the potential effect for commodity prices.
AdvisorShares Active ETF Market Share Update
Activity for the active ETF market was fairly mild for the previous week with net assets increasing slightly higher, reaching about $14.7 billion. No active ETF products launched last week, but there was growth in the short term bond category, as well as downward movement among the global bond and foreign bond categories, which included PIMCOs Total Return ETF as a notable decliner.
AdvisorShares Weekly Market Review
In our last commentary, we noted the slow holiday week that did not provide us with much economic fodder. This week, the unemployment rate dropped to 7% and payrolls jumped more than expected. Third quarter GDP rose more than expected, and hit its highest mark since Q1 2012. Although the status of the U.S. budget remains up in the air, many expect Janet Yellen to maintain Chairman Bernankes accommodative policies. With the hectic holiday schedules nearing, it is difficult to predict what we will see this month.
Float Research: Investors Pour $54.2 Billion into All Equity MFs and ETFs in October
by Minyi Chen of AdvisorShares,
ETF flows suggest stocks will have a tough time moving much higher. Inflows into leveraged short ETFs stopped in the past week, which is a cautionary sign from a contrarian perspective. Even more worrisome, investors are pouring money into equities. All equity mutual funds and ETFs received $54.2 billion in October, the third-largest inflow on record.
Fund Flows Shift Dramatically This Year as Investors Embrace Risk
by Minyi Chen of AdvisorShares,
The Federal Reserve has been trying for almost five years to coax savers and investors into stocks by printing money to inflate the prices of assets in general and U.S. stocks in particular. The Fed finally seems to be succeeding. We are witnessing the biggest shift in fund flows since the crash of 2008.
Active ETF Market Share Update & Weekly Market Review
Since the end of September, total AUM in all active ETFs increased by almost $443 million. Assets in the two largest categories Short Term Bond and Global Bond fell by $61 million and $12.77 respectively. The Foreign Bond category also fell, by $19.38 million. The largest gain was in Currency active ETFs, which added an impressive $499.5 million in value due to flows into one fund.
Equity ETF Flows Send Bullish Signals
by Minyi Chen of AdvisorShares,
U.S. Equity ETFs gave up $4.3 billion in the week ended October 1, reversing a $3.4 billion inflow in the previous week. This weeks outflows signal low demand for stocks, a bullish short-term indicator from a contrarian perspective.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs fell by almost $40.9 million. Assets in the two largest categories Short Term Bond and Global Bond fell by $7.74 million and $10.156 respectively. In addition, the Foreign Bond category decreased by $36.33 million, while AUM in Currency active ETFs fell by almost $5.2 million.
Weak Credit Growth Main Reason for Lackluster Economic Recovery
by Minyi Chen of AdvisorShares,
The U.S. economy is a credit-based economy. Economic expansion is fueled mostly by borrowing and consuming rather than saving and investing. A continuous expansion of credit is needed for the economy to grow. The main reason the economic recovery has been so lackluster is that credit growth has remained weak despite the Federal Reserves continuing liquidity injections.
Long/Short Equity in Rising Rate Environments
by Kurt Voldeng of AdvisorShares,
The party in fixed income has been a good one. Spanning approximately 30 years and touching four different decades dating back to the Volker Era in the early 1980s, it has been a fairly smooth ride with few, short lived, painful periods. It now appears that possibly, and the market pundits are still debating, that the party may be over. Most agree that if not over yet, the end is near.
Inflow into Equity Funds in September Fourth-Highest Ever
by Minyi Chen of AdvisorShares,
Although the S&P 500 sits just below a record closing high, we think the path of least resistance for stock prices is higher. The Federal Reserve seems as determined as ever to inflate asset bubbles by funneling $85 billion per month in newly printed money to the primary dealers, and our demand indicators continue to turn more favorable for the intermediate term.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs increased by almost $80.2 million. Assets in the two largest categories Short Term Bond and Global Bond fell by $20.65 million and $38.585 respectively. As the dollar weakened on the Federal Reserves decision to delay tapering, the Foreign Bond category increased by $65.725 million and Currency active ETFs added $7.43 in value. Just like the previous week, the second largest increase in AUM came in the High Yield ETF category, which this time rose by over $44.35 million, main
Stock Buyback Announcements Slow to $2.3 Billion Daily in Third Quarter
by Minyi Chen of AdvisorShares,
Due to the acceleration in buyback volume in previous quarters, we are not reducing our $2.0 billion daily estimate of actual stock buybacks. Actual stock buybacks tend to track new stock buybacks closely with a lag. If the volume keeps falling in Q4 2013, however, we will likely reduce our estimate.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs increased by over $68.76 million. Assets in Short Term Bond active ETFs increased by nearly $140 million. The second largest increase in AUM came in the High Yield ETF category, which rose by about $20.366 million, largely due to creation units. US Equity active ETFs also saw a significant increase in AUM of over $8.68 million. The biggest decreases in AUM came in the Global Bond and Foreign Bond categories, which fell by $58.85 million and $44.3 million respectively.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs increased by around $38.2 million.As in previous weeks, assets in Short Term Bond active ETFs increased, this time by almost $61.7 million, while AUM in the Global Bond category fell by about $39 million.The Global Bond category had another bad week, ending over $18.3 million below where it began.The Alternative Income category increased again but by less than in previous weeks; AUM increased by nearly $4.26 million. The Alternative active ETF categorys AUM rose by approximately
Underwriters Lose No Time Pumping Out New Shares after Labor Day
by Minyi Chen of AdvisorShares,
The monthly flows of Mutual Fund and ETF volatility continued as a roller coaster trend was apparent in the last three months. Read this investor insight by Minyi Chen, CFA, Chief Operating Officer of TrimTabs Investment Research and Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS) to learn about the variable trend flows.
Weekly Market Review
The major US stock indexes fell once again last week, capping off the worst monthly performance of the S&P 500 in over a year. However, the index is only 4.69% below its all-time intraday high reached on August 2nd. While fear that the Fed would vote to start ending extraordinary stimulus measures at the next meeting late in September was the main reason cited for the decline, thin trading volume in August and especially the week before Labor day may have made led to increased volatility and price declines.
Float Research: Fund Flows Swing Wildly for Third Consecutive Month
by Minyi Chen of AdvisorShares,
The monthly flows of Mutual Fund and ETF volatility continued as a roller coaster trend was apparent in the last three months. Read this investor insight by Minyi Chen, CFA, Chief Operating Officer of TrimTabs Investment Research and Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS) to learn about the variable trend flows.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs increased by over $69 million. As in previous weeks, assets in Short Term Bond active ETFs increased, this time by almost $64.6 million. AUM in the Foreign Bond category fell by nearly $58 million both because of falling values for ETFs in the category and because redemption units in certain ETFs. The Global Bond category had another bad week, ending over $18.3 million below where it began.
Float Research: Fund Outflows Surge Amid Bond Market Anxieties
by Minyi Chen of AdvisorShares,
Stock and bond funds have given up a net $32.4 billion in August thanks to strong outflows from ETFs and mutual finds alike. Read this investor insight by Minyi Chen, CFA, Chief Operating Officer of TrimTabs Investment Research and Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS) to learn about the recent fund flow trends.
Float Research: Is Fed Starting to Lose Control of Bond Market?
by Minyi Chen of AdvisorShares,
Bond yields hit two-year highs as investors pull an additional $19.7 billion from bond funds in August. Read this investor insight by Minyi Chen, CFA, Chief Operating Officer of TrimTabs Investment Research and Portfolio Manager of AdvisorShares TrimTabs Float Shrink ETF (NYSE Arca: TTFS) to learn what concerns may arise in the coming months if this trend continues.
Active ETF Market Share Update & Weekly Market Review
Last week, total AUM in all active ETFs fell by over $60.5 million. AUM in the Global Bond category fell by nearly $89 million both because of falling values for ETFs in the category and redemptions in certain ETFs. The Foreign Bond category had another bad week, ending almost $36 million below where it began. As in previous weeks, assets in Short Term Bond active ETFs increased, this time by almost $36.5 million.
Active ETF Market Share Update & Weekly Market Review
Overall the total AUM in all active ETFs declined by $1.2 million last week, an insignificant amount for the $14.4 billion space. Short Term Bond increased by almost $29.3 million, while Global Bond fell by around $15.8 million. Foreign Bond had another bad week, ending almost $34 million lower than where it began, as did the Currency category which declined by more than $8.7 million.
Real-Time Tax Data Indicates U.S. Economy Rapidly Losing Steam
by Minyi Chen of AdvisorShares,
The U.S. economy real growth is slowing even more now than in July as signs indicate an even weaker economy than we think. Read this investor insight by TrimTabs Asset Management to learn what tax withholdings and recent fund flows may be foretelling.
Results 201–250
of 282 found.
