W. P. Carey School of Business
|
|
|
- Kerrie Morris
- 5 years ago
- Views:
Transcription
1 W. P. Carey School of Business Undergraduate Fund Semi-Annual Meeting April 29 th,
2 Today s Agenda Team ti Review of Strategy Portfolio Performance s 2
3 Team Fund Manager Fundamental Analysts Tyler Rives Tom Bochenko Vincent Mendez Quantitative Analysts Rob Hill Michael Cohn Dan Tram Jay Joshi Ryan Detlaff Steven Kutos 3
4 Review of 4
5 Mean Variance Optimizer i Constrained MVO Data FI Ex-US US 5
6 Black Litterman Model FI Ex-US US Fundamental Analysis Black- Litterman Data Sector Weights 6
7 7
8 40.00% Performance Graph Undergraduate 35.00% 30.00% 25.00% VDE XLY VDC VDE XLF VHT 20.00% Total Retu urn 15.00% 10.00% 00% VDC VHT SIMF XLY VIS VIS XLK XLU VFWIX IPE SHY 5.00% VFWIX XLB XLB CASH SIMF 0.00% 00% SHY -1.00% 4.00% 9.00% 14.00% 19.00% -5.00% Standard Deviation 8
9 18.00% SIMF Performance 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% "SIMF" "Custom Benchmark" "Russell 3000" 4.00% 2.00% 0.00% 10/6/ /04/ /03/ /05/ /04/ /08/ /06/ %
10 Performance vs. benchmarks table w/ volatility Return Annualized Return Volatility Sharpe SIMF 10.12% 12% 19.87% 12.1% 1%.56 Custom Benchmark 10.7% 21.1% 12.5%.59 Russell % 31.7% 14.7%.82 MSCI World 11.8% 24.47% 14.4%.64 10
11 Holdings Sector Ticker Original Weight Consumer XLY 9.8% Discretionary Con Staples VDC 12.6% Energy VDE 80% 8.0% Financials XLF 3.5% Healthcare VHT 9.6% Industrials VIS 2.6% Technology XLK 12.6% Utilities XLU 3.4% Ex-Us VFWIX 21.3% TIPS IPE 15.7% 11
12 Rbl Rebalancing Eliminating i Drift Dift Turnover Change in asset allocation 12
13 Holdings Sector Ticker Original Weight Current Weight Change Consumer XLY 9.8% 6.81% -2.99% Discretionary Con Staples VDC 12.6% 3.75% -8.86% Energy VDE 80% 8.0% 9.78% 1.78% Financials XLF 3.5% 13.58% 10.08% Healthcare VHT 9.6% 5.22% -4.38% Industrials VIS 2.6% 7.76% 5.16% Technology XLK 12.6% 14.06% 1.46% Utilities XLU 34% 3.4% 0.00% 00% -3.40% Ex-Us VFWIX 21.3% 25.00% 3.7% TIPS IPE 15.7% 0.00% -15.7% 1-3 yr Treasury SHY 0% 12.14% 12.14% 13
14 s s 14
15 Without Geographic Constraints 14 Portfolio Performance 12 s Total Ret turn Perce entage SIMF SIMF NO GEO CONSTRAINT 0 10/ / /2010 1/2011 2/2011 3/2011 4/ SIMF No Geographical Constraints Return 19.87% 23.33% 33% Volatility 12.09% 13.19% Sharpe Ratio
16 14 Without Constraints Portfolio Performance s Total Return Percentage SIMF Unconstrained Portfolio 0 10/ / /2010 1/2011 2/2011 3/2011 4/ SIMF No Constraints Return 19.87% 20.47% Volatility 12.09% 11.39% Sharpe Ratio
17 14 Without Rebalancing Portfolio Performance s tage tal Return Percent Tot 2 SIMF Drifting Portfolio 0 10/ / /2010 1/2011 2/2011 3/2011 4/ SIMF Drifting SIMF Return 19.9% 21.0% Volatility 12.1% 11.7% Sharpe
18 18
19 Mthd Methods of Portfolio Construction ti Portfolio Analysis Turnover, Rebalancing, Monitoring Tools 19
20 Planning 20
21 planning Bloomberg Statistics and probability Basic portfolios Videos, readings, etc Fully trained dbf before summer 21
22 Recruiting i Class visits, iit s postings Application to interview process Trade offs when selecting applicants 22
23 Bio on new managers Michael Cohn Sophomore, Finance & Mathematics major Worked as a research assistant for the W. P. Carey School of Business and interned with Merrill Lynch's WM division. Run an online trading card business that has generated over $140,000 in revenue with a 28% cumulative profit margin Steven Kutos Junior, Finance & Statistics major Worked on a long/short pan European equity hedge fund last summer and spent the prior summer at LGT Capital Management as a summer intern. Co leading the Investment Banking Industry Scholar program and have been a quantitative analyst for the Student Investment Management this year. 23
24 Aaron Baker New Members Finance & Mathematics (Statistics) Honors Study Abroad in Paris, France Ajay G. Finance & Economics Working, Self-Employed Jenna Hoppe Finance & Accounting (minor in Economics) Interning with Vanguard Jonathan Lozano Finance Undecided Kenneth hqian Mathematics, Finance & Economics Interning with Humana at Louisville ill Michael Ham Finance & Management (Entrepreneurship) Interning with E&Y in Risk Management Rima Reddy Finance & Mathematics (Statistics) Interning with Goldman Sachs (Operations) 24
W. P. Carey School of Business
AMENTAL W. P. Carey School of Business Undergraduate Semi-Annual Meeting December 3rd, 2010 1 Today s Agenda Undergraduate AMENTAL Team introduction & fund objectives Investment selection performance Risk
Undergraduate Student Investment Management Fund
Undergraduate Student Investment Management Fund Semi-Annual Presentation Friday, April 20, 2012 1 Fund Members Fund Managers Michael Cohn Rima Reddy Steven Kutos Fund Analysts Michael Ham Aaron Baker
Undergraduate Student Investment Management Fund
Undergraduate Student Investment Management Fund Semi-Annual Presentation April 29 th, 2016 1 Meet the Fund 2 1 Theory Review Agenda 2 3 Implementation Returns 4 Moving Forward 3 Financial Theory Implementation
Vantage Aggressive 2.0
WITHDRAWAL RATES CAN YOU SUSTAIN A 4% RETIREMENT INCOME DISTRIBUTION IN TODAY S ECONOMY? For more than twenty years 1, financial advisors have quoted the 4% rule as the gold standard for how much income
Case Study : Portfolio Theory
Case Study : Portfolio Theory Dr. Kempthorne October 24, 2013 Contents 1 Simulation: Two-Asset Portfolios 2 2 US Sector ETFs: 2009-2013 4 2.1 Mean, Variance, Correlation Statistics............... 4 2.2
Vantage 2.0 Portfolio Summary as of 01/31/2016
2.0 Portfolio Summary as of 0/3/206 Quick Facts Beacon's 2.0 Portfolios utilize 's newest sector-based product innovations that, when combined with Beacon's stoploss strategy, provides investors with a
Use of ETFs in Active Investing
Use of ETFs in Active Investing Hardik Patel QPLUM www.qplum.co Disclosures: qplum LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to
Q Global Balanced. (888)
Q4 2015 Global Balanced www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a
Q Global Equity. (888)
Q4 2018 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
A White Paper from Landry Investment Management Turning Behavioral Science into Performance Landry Investment Management Inc.
PRICE MOMENTUM & GLOBAL ASSET ALLOCATION A White Paper from Landry Investment Management Turning Behavioral Science into Performance MULTI-ASSET ETF STRATEGY February 2015 Page 2 TABLE OF CONTENTS MULTI-ASSET
Evaluating S&P 500 Sector ETFs Using Risk-Adjusted Performance Measures
Journal of Finance, Accounting and Management, 5(1), 48-62, Jan 2014 48 Evaluating S&P 500 Sector ETFs Using Risk-Adjusted Performance Measures Onur Arugaslan Associate Professor of Finance State Farm
Q Global Equity. (888)
Q4 2017 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
Q Global Equity. (888)
Q1 2018 Global Equity www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
J.P. Morgan Structured Investments
Free Writing Prospectus Filed Pursuant to Rule 433 Registration Statement No. 333-177923 Dated October 25, 2013 J.P. Morgan Structured Investments V The J.P. Morgan U.S. Sector Rotator 8 Index Strategy
Update. UBS Tax-Optimized Active ETF MAP Opportunistic model 3Q2017
Update UBS Tax-Optimized Active ETF MAP Opportunistic model 3Q017 The quarter in review Equity markets broadly posted strong gains in the third quarter, essentially shrugging off North Korea's saberrattling,
Quarterly Investment Review
Fairfax County Public Schools Second Quarter 206 Quarterly Investment Review Visit the Aon Hewitt Retirement and Investment Blog (http://retirementandinvestmentblog.aon.com); sharing our best thinking.
ORF 307 Lecture 3. Chapter 13, Section 1 Portfolio Optimization
ORF 307 Lecture 3 Chapter 13, Section 1 Portfolio Optimization Robert Vanderbei February 14, 2012 Operations Research and Financial Engineering, Princeton University http://www.princeton.edu/ rvdb Portfolio
U.S. LOW VOLATILITY EQUITY Mandate Search
U.S. LOW VOLATILITY EQUITY Mandate Search Recommended: That State Street Global Advisors (SSgA) be appointed as a manager for a U.S. low volatility equity mandate. SSgA will be managing 10% of the Diversified
UNIVERSITY OF CALIFORNIA RETIREMENT PLAN ASSET AND RISK ALLOCATION POLICY
UNIVERSITY OF CALIFORNIA RETIREMENT PLAN ASSET AND RISK ALLOCATION POLICY Approved March 15, 2018 POLICY SUMMARY/BACKGROUND The purpose of this Asset and Risk Allocation Policy ( Policy ) is to define
Rollercoaster Ride Ahead
1 11 21 31 41 51 61 71 81 91 101 111 121 131 141 151 161 171 181 191 201 211 221 231 241 251 Rollercoaster Ride Ahead The Dow Jones Industrial Average reached a new high of 21,115.55 on March 1 st. With
The Defined Risk Strategy
The Defined Risk Strategy Marc Odo, CFA, CAIA, CIPM, CFP Swan at a Glance FOR ADVISOR USE ONLY Swan is an independent advisory firm based in Durango, CO Founded in 1997 by Randy Swan An SEC-registered
Prepared By: David Advisor Prepared for: Joe Investor
Prepared By: David Advisor Prepared for: Joe Investor Content Investment philosophy Risk preference Asset mix History performance Portfolio constitution Disclaimer Date: 2009 10 2 RiskFile Porfolio Composer:
S&P Day A/D Line
Stocks Above 5-Day The S&P 5 experienced its first 1%+ move in either direction today for the first time in 58 trading days. The 1.4% drop left the index below its 5-day moving average as well. Market
Prospectus. January 31, 2012
Prospectus The Consumer Discretionary Select Sector SPDR» Fund (XLY) The Consumer Staples Select Sector SPDR» Fund (XLP) The Energy Select Sector SPDR» Fund (XLE) The Financial Select Sector SPDR» Fund
ESTABLISHING A RISK CULTURE AMONG INSTITUTIONAL INVESTORS. San Diego County Employees Retirement Association. August 2013
ESTABLISHING A RISK CULTURE AMONG INSTITUTIONAL INVESTORS San Diego County Employees Retirement Association August 2013 SEATTLE 206.622.3700 LOS ANGELES 310.297.1777 www.wurts.com SESSION OBJECTIVES Begin
Version 3 October 2014 GOLDMAN SACHS EQUITY FACTOR INDEX EUROPE NET TOTAL RETURN EUR
GOLDMAN SACHS EQUITY FACTOR INDEX EUROPE NET TOTAL RETURN EUR TABLE OF CONTENTS 1. Overview 2. Description of the Index and Methodology 3. Risk Factors 4. Conflicts of Interest and Potential Conflicts
AlphaCentric Hedged Market Opportunity Fund
AlphaCentric Hedged Market Opportunity Fund HMXAX HMXCX HMXIX Q1 2018 Presentation Seeks to achieve capital appreciation with lower overall volatility than the equity market For Registered Investment Professional
Four Components Of A Successful Income Portfolio
Four Components Of A Successful Income Portfolio Presented by: David Fabian Michael Fabian FMD Capital Management One Park Plaza, Suite 600 Irvine, CA 92614 Ph: 888-823-8111 F: 949-266-5788 www.fmdcapital.com
Selective Opportunistic Portfolios December 20, 2016
Selective Opportunistic Portfolios December 20, 2016 Prepared by Morningstar Investment Management LLC on behalf of TD Ameritrade Investment Management, LLC. Economic & Investment Outlook As the S&P 500
Focus on preservation of investor capital in down markets. Designed to put investor capital to work during sustained bull markets
A diversified portfolio including domestic equity, international, alternative, and fixed income components. ETF universe is ranked using a quantitative system based on market price anomalies and the direction
January 31, 2015 (as amended October 8, 2015)
Prospectus The Consumer Discretionary Select Sector SPDR Fund (XLY) The Consumer Staples Select Sector SPDR Fund (XLP) The Energy Select Sector SPDR Fund (XLE) The Financial Select Sector SPDR Fund (XLF)
Tactical Investing Basics: Absolute Return Strategies, Over a Full Market Cycle
Tactical Investing Basics: Absolute Return Strategies, Over a Full Market Cycle Presented by: Laif E. Meidell, CMT President American Wealth Management laif@financialhealth.com 775-332-7000 Disclaimers
Focus on preservation of investor capital in down markets. Designed to put investor capital to work during sustained bull markets
Portfolio A diversified 403(b) portfolio including domestic equity, international, alternative, and fixed income components. ETF universe is ranked using a quantitative system based on market price anomalies
Real-time Analytics Methodology
New High/Low New High/Low alerts are generated once daily when a stock hits a new 13 Week, 26 Week or 52 Week High/Low. Each second of the trading day, the stock price is compared to its previous 13 Week,
Deconstructing Black-Litterman*
Deconstructing Black-Litterman* Richard Michaud, David Esch, Robert Michaud New Frontier Advisors Boston, MA 02110 Presented to: fi360 Conference Sheraton Chicago Hotel & Towers April 25-27, 2012, Chicago,
Focus on preservation of investor capital in down markets. Designed to put investor capital to work during sustained bull markets
A diversified portfolio including domestic equity, international, alternative, and fixed income components. ETF universe is ranked using a quantitative system based on market price anomalies and the direction
A Guide to J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series)
A Guide to J.P. Morgan U.S. Sector Rotator 5 Index (Annuity Series) A Dynamic Investment Strategy That Targets Stable Growth While Managing Market Risk Standard Insurance Company J.P. Morgan U.S. Sector
ORF 307: Lecture 12. Linear Programming: Chapter 11: Game Theory
ORF 307: Lecture 12 Linear Programming: Chapter 11: Game Theory Robert J. Vanderbei April 3, 2018 Slides last edited on April 3, 2018 http://www.princeton.edu/ rvdb Game Theory John Nash = A Beautiful
MAYER FUND CLASS OF 2013 RECRUITING PRESENTATION DECEMBER 06, 2011
CLASS OF 2013 RECRUITING PRESENTATION DECEMBER 06, 2011 Mayer Fund Background History Started in 1993 by William Mayer, the then Dean of the business school, with $250,000 Grown over the years through
Boston University Undergraduate Finance & Investment Club Investment Policy Statement
Boston University Undergraduate Finance & Investment Club Investment Policy Statement [Adapted from Scott D. Stewart s Training Student Equity Analysts and Utilizing their Recommendations in Active Portfolio
Community Foundation of Northern Virginia - Pooled Investment Fund
//207 through 3/3/207 Quarterly Performance Report 207 Black Diamond Performance Reporting, LLC - 42008 Page of 3 Portfolio Overview Portfolio Value Summary Month Quarter Year to Date Last 2 Months Last
Endowment Funds Performance (Year ending June 30 th, 2014)
Endowment Funds Performance (Year ending June 30 th, 2014) prepared for Investment Subcommittee (Note: all returns and values are expressed in Canadian Dollars- CAD s) 1 Quarterly Market Overview Equity
NYSE Select Sector Equal Weight Index
NYSE Select Sector Equal Weight Index Version 1.0 Valid from September 29, 2017 Table of contents Version History... 1 1. Index summary... 2 2. Governance and Disclaimer... 3 3. Publication... 5 3.1 The
Templeton Global Stock Trust
Product Profile Product Details 1 Fund Assets $479,581,107.95 Fund Inception Date 09/15/1997 Number of Issuers 81 Base Currency CAD Benchmark Benchmark Currency CAD Distribution Frequency Annually Fund
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM 277 EAST TOWN STREET, COLUMBUS, OH PERS (7377)
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM 277 EAST TOWN STREET, COLUMBUS, OH 43215-4642 1-800-222-PERS (7377) www.opers.org MEMORANDUM DATE: March 3, 2004 TO: FROM: Cc: RE: OPERS Retirement Board Members
Columbus Asset Allocation Report For Portfolio Rebalancing on
Columbus Asset Allocation Report For Portfolio Rebalancing on 2017-08-31 Strategy Overview Columbus is a global asset allocation strategy designed to adapt to prevailing market conditions. It dynamically
The Evolution of Index and ETF Strategies: Going beyond Passive vs. Active
0.75 CE Credits The Evolution of Index and ETF Strategies: Going beyond Passive vs. Active FOR ADVISOR USE ONLY Agenda Evolution of indexing Market Capitalization Indexing Equal Weighted Indexing Fundamental
Schwab Diversified Growth Allocation Trust Fund
Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Global Asset Allocation Benchmark Global Growth Custom Index 1 Unit Class Inception Date 11/21/2012 Fund Inception Date 3/7/2012
portfolio strategies
By size, using mega-cap Vanguard ETF portfolio strategies By size, using mega-cap Options for implementing equity and bond exposure in your clients portfolios FOR FINANCIAL ADVISORS AND INSTITUTIONS ONLY.
An Introduction to Dynamic Overlay
Tactical investment strategy striving to preserve and grow client wealth An Introduction to Dynamic Overlay www.mrminv.com 12444 Powerscourt Drive Suite 350, St. Louis, MO 63131 1-(800) 233-1944 Q4 2018
The Dragon Fund Prof. Daniel Dorn. Drexel University
Drexel University The Dragon Fund Quarterly Update for the Period Ended June 30, 2017 1 The Dragon Fund The Dragon Fund, which has been managed by Drexel undergraduates since the fall of 2007, seeks capital
Does greater risk equal greater reward?
Does greater risk equal greater reward? The simple answer is not always, which is why investors may look at lower-volatility fund options like GuideStone s Defensive Market Strategies Fund. The Fund aims
MPI Quantitative Analysis
MPI Quantitative Analysis a Mario H. Aguilar Director, Client Services, EMEA February 2011 Markov Processes International Tel +1 908 608 1558 www.markovprocesses.com ASSET CLASS ANALYSIS NORTH AMERICA
Commentary. If you are the smartest person in the room, then you are in the wrong room. Attributed to Confucius
LongRun Monthly Strategy Review Jun 2018 AR +0.9% AG +1.0% TMG -0.5% SP500 +0.6% GDP -0.8% Commentary June brought mixed messages from the markets. Worries about the Trump/Kim summit and Federal Reserve
Q U.S. Sector. (888)
Q4 2018 U.S. Sector www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
Advisor Investment Introduction
Advisor Investment Introduction www.bettermentinstitutional.com 1 It s good to meet you Advisors often ask about the Betterment Institutional investment team, methods, and process. We cover the most commonly
Investment Research Team Update
Economic & Market Commentary Market Update February 2015 February was a great month for global stocks! The S&P 500 ( large cap stocks) was up 5.7% and small stocks (Russell 2000) gained 5.9%. The jobs
Leveraging Minimum Variance to Enhance Portfolio Returns Ruben Falk, Capital IQ Quantitative Research December 2010
Leveraging Minimum Variance to Enhance Portfolio Returns Ruben Falk, Capital IQ Quantitative Research December 2010 1 Agenda Quick overview of the tools employed in constructing the Minimum Variance (MinVar)
CONSUMER SENTIMENT, RETURN, AND FLOW OF FUNDS TO SECTOR EXCHANGE TRADED FUNDS
CONSUMER SENTIMENT, RETURN, AND FLOW OF FUNDS TO SECTOR EXCHANGE TRADED FUNDS Abdullah Noman, Nicholls State University Shari Lawrence, Nicholls State University ABSTRACT The impact of consumer sentiment
1607 GROUP AT MORGAN STANLEY
W E A L T H M A N A G E M E N T I. Overview TABLE OF CONTENTS: II. 1607 Portfolio III. 1607 Income Growth Portfolio IV. Investment Team WEALTH MANAGEMENT WEALTH MANAGEMENT O V E R V I E W Our Business:
Investing in Global Equities
G l o b a l H e r i t a g e A d v a n c e d T h i n k i n g I n n o v a t i v e S o l u t i o n s Investing in Global Equities Missing Art of Portfolio Management in Smart beta Michael O Brien, Ph.D. Analyst
Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: PowerShares ETF Trust II To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders PHLX Listing Qualifications Department
Invesco Global Equities Capital and Income Growth Opportunities in Global Equity Markets
Invesco Global Equities Capital and Income Growth Opportunities in Global Equity Markets June 218 John Botham Product Director This presentation is for Professional Clients only and is not for consumer
plan investment review performance summary
CASH AND EQUIVALENTS - MONEY MARKET CREF Money Market R2 0.28% 0.49% 0.44% 0.06% 0.00% 0.00% 0.00% 0.79% 0.33% 0.20% 0.22% Vanguard Federal Money Market 0.42% 0.75% 0.81% 0.30% 0.04% 0.01% 0.02% 1.26%
Managed Accounts. FTA/Morningstar Multi-Discipline 75/25 Strategy. First Quarter 2018
Managed Accounts FTA/Morningstar Multi-Discipline 75/25 Strategy First Quarter 2018 Firm Profile First Trust Advisors L.P./First Trust Portfolios L.P. Established in 1991; privately owned Over 700 employees
Risk-Based Investing & Asset Management Final Examination
Risk-Based Investing & Asset Management Final Examination Thierry Roncalli February 6 th 2015 Contents 1 Risk-based portfolios 2 2 Regularizing portfolio optimization 3 3 Smart beta 5 4 Factor investing
Buy Side vs Sell Side Webinar December 12, 2018
Buy Side vs Sell Side Webinar December 12, 2018 Agenda Introduction What is the buy side and sell side? How does Kenan-Flagler prepare students? Moderated Q&A with panel Audience questions Introduction
GOLDMAN SACHS EQUITY FACTOR INDEX EMERGING MARKETS NET TOTAL RETURN USD METHODOLOGY SUMMARY. Dated: [ ] 2018
![GOLDMAN SACHS EQUITY FACTOR INDEX EMERGING MARKETS NET TOTAL RETURN USD METHODOLOGY SUMMARY. Dated: [ ] 2018](/thumbs/92/110818055.jpg "GOLDMAN SACHS EQUITY FACTOR INDEX EMERGING MARKETS NET TOTAL RETURN USD METHODOLOGY SUMMARY. Dated: [ ] 2018")
GOLDMAN SACHS EQUITY FACTOR INDEX EMERGING MARKETS NET TOTAL RETURN USD INDEX SUPPLEMENT 1. Introduction METHODOLOGY SUMMARY Dated: [ ] 2018 This Index Supplement section of the Goldman Sachs Equity Factor
Next Generation Fund of Funds Optimization
Next Generation Fund of Funds Optimization Tom Idzorek, CFA Global Chief Investment Officer March 16, 2012 2012 Morningstar Associates, LLC. All rights reserved. Morningstar Associates is a registered
in-depth Invesco Actively Managed Low Volatility Strategies The Case for
Invesco in-depth The Case for Actively Managed Low Volatility Strategies We believe that active LVPs offer the best opportunity to achieve a higher risk-adjusted return over the long term. Donna C. Wilson
ASSET ALLOCATION: DECISIONS & STRATEGIES
ASSET ALLOCATION: DECISIONS & STRATEGIES Keith Brown, Ph.D., CFA November 21st, 2007 The Asset Allocation Decision A basic decision that every investor must make is how to distribute his or her investable
Asset Allocation: Theory and Practice
Investment Course X: Asset Allocation: Theory and Practice Econsult Fidelity Investments Keith C. Brown University of Texas Santiago, Chile August 17-19, 2016 Outline of Course Topics Topic One: Expected
Designing Outcome-Focused Defined Contribution Plans: Building Sustainable Income for Retirees
Your Global Investment Authority Designing Outcome-Focused Defined Contribution Plans: Building Sustainable Income for Retirees November 2012 Stacy L. Schaus, CFP Executive Vice President, Defined Contribution
GEO Global Equity Optimizer 8 Excess Return Index
Index Information Bloomberg Ticker GEONAVI8 Index Sponsor Navian Capital Research LLC Index Calculator Solactive AG Index Base Date Mar 31, 2005 Index Live Date Feb 17, 2016 Index Overview The (the Index
STOXX LIMITED STOXX MINIMUM VARIANCE INDICES. OPTIMIZER FACTOR-BASED RISK COVARIANCE GLOBAL BROAD INDEX VARIANCE UNDERLYING
STOXX LIMITED STOXX MINIMUM VARIANCE INDICES. UNDERLYING GLOBAL BROAD INDEX FACTOR-BASED VARIANCE OPTIMIZER COVARIANCE RISK INTRODUCTION. The STOXX Minimum Variance indices seek to minimize volatility
Cornerstone US Long/Short Alpha
Cornerstone US Long/Short Alpha Strategy Overview: The investment objective of the Strategy is to earn attractive riskadjusted returns that are uncorrelated with the broad equity market, while seeking
IDOG ALPS INTERNATIONAL SECTOR DIVIDEND DOGS ETF VALUE, INCOME, DIVERSIFICATION
ALPS INTERNATIONAL SECTOR DIVIDEND DOGS ETF VALUE, INCOME, DIVERSIFICATION analysis diversification discipline IDOG provides the potential opportunity to capture above-market returns and high dividend
2011 Asset/Liability Study Preliminary Results
2011 Asset/Liability Study Preliminary Results September 26, 2011 Jay Kloepfer Executive Vice President and Director of Capital Market and Alternatives Research Callan Associates Knowledge for Investors
Endowment Funds Performance (Year ending June 30 th, 2013)
Endowment Funds Performance (Year ending June 30 th, 2013) prepared for Investment Subcommittee (Note: all returns and values are expressed in Canadian Dollars- CAD s) 1 Quarterly Market Overview Canadian
Pooled Fund Annualized Returns Periods Ending March 31, 2018
Pooled Fund Annualized Returns Periods Ending March 31, 2018 SHORT TERM 25 20 15 10 5 1 YEARS YEARS YEARS YEARS YEARS YEAR Short Term Fund 1 2.9 2.4 1.7 0.9 0.8 0.8 FTSE TMX Canada 30 Day Treasury Bill
J.P. Morgan Structured Investments
July 2017 J.P. Morgan Structured Investments ent JPMORGAN EFFICIENTE (USD) INDEX STRATEGY GUIDE The JPMorgan ETF Efficiente 5 Index Strategy Guide Important Information The information contained in this
The Evolution of Alternative Beta: Using Index-Based Investment Strategies
Filed pursuant to Rule 433 Registration Statement No. 333-180300-03 Investor Solutions The Evolution of Alternative Beta: Using Index-Based Investment Strategies This presentation may not be altered except
Transamerica Tactical Rotation. Monthly Dashboard February 2014
TRANSAMERICA TACTICAL ROTATION Transamerica Tactical Rotation Monthly Dashboard February 2014 Class A: ATTRX Class C: CTTRX Class I: ITTOX Expectations Indicators Actual Allocations Positioning Risk Portfolio
Update on UC s s Absolute Return Program. 603 Committee on Investments / Investment Advisory Committee February 14, 2006
Update on UC s s Absolute Return Program 603 Committee on Investments / Investment Advisory Committee February 14, 2006 AGENDA Page I. Understanding of Absolute Return as an Asset Class 3 II. Review of
Market Overview. Sector Overview
September 20, 2010 The Weekly ETF Report is based on ValuEngine Chief Market Strategist Richard Suttmeier's proprietary market analytics. Suttmeier combines his technical analysis expertise with ValuEngine's
MACRO CHART BOOK Q2, 2016
Adaptive Investing MACRO CHART BOOK Q2, 2016 Upside Participation Downside Management For Investment Advisors and Institutions Only Content Summary US Economy Market Snapshot Asset Class Performance Equity
TEL FAX cookstreetconsulting.com
TEL 303.333.7770 1.800.318.7770 FAX 303.333.7771 cookstreetconsulting.com Contents 1 Market Review 2 Plan Overview 3 Investment Due Diligence Appendix Appendix 3 1 Market Review 5 Q2 2017 Economic Review
The Future of Globalization
The Future of Globalization Isabelle Mateos y Lago, Chief Multi-Asset Strategist BlackRock Investment Institute Saturday, 18 th November 2017 Globalization has created a broader opportunity set for asset
Q U.S. Sector. (888)
Q1 2018 U.S. Sector www.westendadvisors.com info@westendadvisors.com (888) 500-9025 1 WestEnd Advisors Overview The cornerstone of our investment process is that the macroeconomic environment is a key
Market Insights. The Benefits of Integrating Fundamental and Quantitative Research to Deliver Outcome-Oriented Equity Solutions.
Market Insights The Benefits of Integrating Fundamental and Quantitative Research to Deliver Outcome-Oriented Equity Solutions Vincent Costa, CFA Head of Global Equities Peg DiOrio, CFA Head of Global
Performance Review May 17, 2018
Performance Review May 17, 2018 Cost-Efficiencies Initiative Update Goal: Obtain $100 million of incremental cost-efficiencies for the NCRS investment program, consistent with fiduciary requirements and
Investment Policy and Goal Statement
Investment Policy and Goal Statement I. INTRODUCTION The Iowa Public Employees Retirement System (IPERS or System) is governed by Iowa Code chapter 97B. System assets are held in trust and invested for
NorthCoast CAN SLIM Investment Strategy
NorthCoast CAN SLIM Investment Strategy For Presentation to Morgan Stanley Wealth Management Financial Advisors A growth portfolio with downside risk protection This presentation is to report on the investment
Style Investing. Kari E. Bayer Director Senior U.S. Strategist
Style Investing Kari E. Bayer Director Senior U.S. Strategist Defining Growth and Value Each month we monitor approximately forty different stock selection strategies. Two of the forty strategies are pure
Compounded Returns for Periods Ended September 30, 2017 (%) Management Expense Ratio (as of 4/30/17 incl. HST) 2.45%
Templeton Growth Fund, Ltd. Series A Product Profile Third Quarter 2017 FUND CHARACTERISTICS (AS OF 9/30/17) Fund Inception Date 11/29/54 Distribution Frequency Annually Morningstar Category Global Equity
Commentary. Things turn out best for the people who make the best of the way things turn out. - John Wooden
LongRun Monthly Strategy Review Dec 2018 AR +0.1% AG -0.3% TMG -9.8% SP500-8.8% GDP -4.9% Commentary As noted last month, December got off to a bad start wiping out November s equity market gains in the
Fresno County Employees' Retirement Association
Cumulative Performance Comparisons Period Ending: December 31, Equity Style - Large Growth Last Quarter Two Quarters Three Quarters One Year Two Years Three Years Four Years Five Years 5th Percentile 10.9
September 2018 INDXX HEDGED DIVIDEND INCOME INDEX METHODOLOGY
September 2018 INDXX HEDGED DIVIDEND INCOME INDEX METHODOLOGY CONTENTS 1. INDXX HEDGED DIVIDEND INCOME INDEX... 2 1.1 INDEX DESCRIPTION... 2 1.2 CREATION OF MASTER LIST... 2 1.2.1 Initial Universe... 2
Commentary. Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.
LongRun Monthly Strategy Review May 2018 AR +0.2% AG +1.0% TMG +3.0% SP500 +2.4% GDP +0.7% Commentary Last month s commentary led off with our Absolute Return strategy moving to 100% cash for the month
Commentary. Without deviation from the norm, progress is not possible. Frank Zappa
LongRun Monthly Strategy Review Aug 2016 AR -0.71% AG -5.21% TMG -2.67% SP500 +0.12% R2000 +1.78% GDP -0.57% Commentary August was a quiet month in most markets with the major US equity indices making