U.S. PADIS PORTFOLIO. September 2018
|
|
- Harry Marsh
- 5 years ago
- Views:
Transcription
1 U.S. PADIS PORTFOLIO September 2018
2 Portfolio Advised Disciplined Investment Strategies
3 OVERVIEW FIRM Echelon Wealth Partners is a full service independent Canadian based brokerage house with offices in Toronto, Montreal and across Canada. Fidelity acts as their custodian and clearing agents. $4.5 Billion in Assets Under Managements with over 80 Investment Advisors. CAPABILITIES Portfolio Management Capital Markets Equity Research FX Strategies Cash Management Financial Planning Insurance EXPERIENCED TEAM As part of the retail division, the PADIS team of portfolio managers have almost 40 years of combined experience in the industry.
4 EXECUTIVE SUMMARY PADIS ROOTS Passive investment strategies have experienced widespread adoption over the years with their inflows now dwarfing many active strategies. This increase in size has allowed for the costs associated with these strategies to continually drop, but it has also magnified other problems such as the herd instinct amplifying losses when the markets are falling. Recognizing this problem and other emotional based investing biases, over 5 years ago we began looking for a solution and thus began the PADIS Portfolios. The solution stems from rigorous research as to which factors and attributes are found in companies with the potential to outperform and from which can be built a better portfolio. These portfolios protect clients from large drawdowns while still generating strong performance over a complete business cycle. In the following pages we explain in detail our investment process and the factors used in managing client portfolios.
5 EXECUTIVE SUMMARY PADIS The U.S. PADIS Portfolio is a concentrated multifactor model that consists of names. It contains large cap companies focused on generating growth for investors. It is a rules based portfolio to ensure the strictest form of investing using quality, momentum & value factors. While the portfolio is built to participate in a rising market, it will do so with less upside in a period of strong rebound, but will increase protection on the downside, with the goal of beating its benchmark over the long term with less volatility. The PADIS portfolios began with a total of $5 million 4 years ago and has since grown to over $50 million. Both portfolio manager and client interests are aligned through a performance based fee structure.
6 PROFESSIONALS THIERRY TREMBLAY, MBA Vice President, Portfolio Manager Education: MBA Corporate Finance from UQAM Experience: Over 17 years experience in the financial services Macro analysis, business analysis & valuation, portfolio modeling, and Fx strategies are Thierry s fields of expertise. NICK SHINDER, CIM Vice President, Portfolio Manager Education: Chartered Investment Manager Designation & B.Com in Accounting from Concordia Three Main Specialties: Tax reduction, debt strategy & multi-disciplinary investing
7 The Shinder Tremblay Group currently has $200 million in Assets under Management (including the PADIS strategies) on behalf of high net worth individuals, family offices and corporations.
8 INVESTMENT PHILOSOPHY Concentration Low Correlation to the Index Balance Between Quality and Value. Disciplined Process A multifactor approach based on a certain set of rules. It allows us to consider a broad range of companies and filter them out according to the individual factors and rules that we deem essential to create a profitable investment while lowering risk. Our goal is not to make the investor the most money possible, it is to protect the investor in the event of down markets while continuing to profit in up markets. One of the ways this is accomplished is through a high active share portfolios. The model aims to combine companies that have value and strong growth. Systematic approach using a set of specific rules and objectives to make sure the pitfalls of cognitive biases are avoided.
9 OUR PROCESS OUR PROCESS STYLE FACTORS Style Factors 1 Quality Value Momentum Style factors have been chosen through extensive research backdating to Screening & Ranking 2 Quality (33.33%) Momentum (33.33%) High Conviction Portfolio 3 Value (33.33%) *Numbers have been rounded*
10 OUR PROCESS OUR PROCESS Style Factors 1 S&P 500 Universe SCREENING & RANKING Screening & Ranking 2 We begin with a Universe of 500 U.S. Public Companies. We then select the companies with the highest rating (score). High Conviction Portfolio 3
11 SCREENING & RANKING QVM Ranking Ranking Company Rating 1 Company A 5 2 Company B 7 3 Company C 8 4 Company D 10 BUY RULES Only the top companies according to QVM factors will be considered for their positions in the portfolio. TRIMMING RULES If the company s weight in the portfolio rises above 1, the position is trimmed down. SELL RULES If a company s ranking falls below the 5 th decile, it will be removed from the portfolio. 5 Company E 10 6 Company F 11 7 Company G 11 8 Company H 11 9 Company I Company J Company K Company L Company M Company N Company O Company P Company Q Company R Company S Company T Company U Company V Company W Company X 37 Example 25 Company Y Company Z Company AA Company AB Company AC Company AD 45
12 OUR PROCESS OUR PROCESS Style Factors 1 HIGH CONVICTION PORTFOLIO Screening & Ranking 2 Companies ranked highest are then added to create a high conviction portfolio. High Conviction Portfolio 3
13 TOP TEN HOLDINGS* Company Sector Allocation Cash 7.15% NetApp Inc. Information Technology 5. Biogen Inc. Health Care 4.4 United Health Group Health Care 4.36% Micron Tech Inc. Information Technology 4.32% Costco Wholesale Consumer Staples 4.21% Clorox Co. Consumer Staples 4.16% Procter & Gamble Co. Consumer Staples 4.09% Hershey Co. Consumer Staples 4.03% Johnson Controls Inc. Industrials 4.0 Paychex Inc. Information Technology 3.97% TOTAL FOR TOP % Remaining Positions 57.12% *As at August 31 st 2018
14 SECTOR ALLOCATION* U.S. PADIS SPDR S&P 500 ETF Consumer Discretionary Industrials Financials Consumer Staples Materials Information Technology Real Estate Telecom. Services Energy Utilities Health Care Minimum 3.42% 2.47% 2.71% 1.92% 2.85% 11.11% 12.98% 7.31% 9.62% % 20.26% 26.46% 31.81% 5.85% 14.54% 18.94% Maximum *As at August 31 st 2018
15 PORTFOLIO STATISTICS GROWTH OF $10,000 (Since inception vs. the SPDR S&P 500 ETF) Source: SIA charts *Returns are pre-fees
16 SUMMARY 1. EXPERIENCED TEAM 2. DISCIPLINED AND REPEATABLE INVESTMENT PROCESS 3. STRONG PERFORMANCE SINCE INCEPTION 4. LOWER VOLATILITY STRATEGY* 5. LOW CORRELATION TO THE BENCHMARK *As of august 31 st 2018, measured using beta and standard deviation compared to the SPY All icons designed by flaticon.com
17 CONTACT COMPARISONS INFO (AS AT APRIL 30 TH 2018) If you would like more information, please feel free to contact us: Thierry Tremblay: Phone: (514) Linked: : Nick Shinder: nshinder@echelonpartners.com Phone: (514) LinkedIn : Or visit our website at: shindertremblay.ca SHINDERTREMBLAY.CA Echelon Wealth Partners Inc. is a member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. This newsletter is solely the work of Nick Shinder and Thierry Tremblay for the private information of their clients. Although the author is a registered Investment Advisor with Echelon Wealth Partners Inc. ( Echelon ) this is not an official publication of Echelon, and the author is not an Echelon research analyst. The views (including any recommendations) expressed in this newsletter are those of the author alone, and are not necessarily those of, Echelon. Every effort has been made to ensure that the contents have been compiled or derived from sources believed to be reliable and contain information and opinions that are accurate and complete. Forward-looking statements are based on current expectations, estimates, forecasts and projections based on beliefs and assumptions made by author. These statements involve risks and uncertainties and are not guarantees of future performance or results and no assurance can be given that these estimates and expectations will prove to have been correct, and actual outcomes and results may differ materially from what is expressed, implied or projected in such forward-looking statements.
AI: Weighted Sector Strategy DEC
KEN STERN & ASSOCIATES DEC 31 2016 1 Tactical Rebalanced AI: Strategy DEC 31 2016 Ken Stern & Associates Strategy seeks to track the investment results of the Morgan Stanley Capital International USA Investable
More informationAn 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
More informationHow to evaluate factor-based investment strategies
A feature article from our U.S. partners INSIGHTS SEPTEMBER 2018 How to evaluate factor-based investment strategies Due diligence on smart beta strategies should be anything but passive Original publication
More informationSmart Beta Dashboard. Thoughts at a Glance. June By the SPDR Americas Research Team
By the SPDR Americas Research Team Thoughts at a Glance Factor performance diverged across regions in Q2. In the US, all factors with the exception of underperformed broad US equities. As volatility in
More informationDividend Capture Fund
HDCAX HDCEX HDCTX For Institutional Use Only Not For Retail Distribution DISCLOSURES Investors should carefully consider the investment objectives, risks, charges and expenses of the Rational Funds. This
More informationSmart Beta Dashboard. Thoughts at a Glance. March By the SPDR Americas Research Team
By the SPDR Americas Research Team Thoughts at a Glance For the first two months of Q1, US outperformed the broader market by nearly 5%. However, as 10-year Treasury yields and inflation expectations came
More informationU.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
More informationSTRATEGY OVERVIEW. Opportunistic Growth. Related Funds: 361 U.S. Small Cap Equity Fund (ASFZX)
STRATEGY OVERVIEW Opportunistic Growth Related Funds: 361 U.S. Small Cap Equity Fund (ASFZX) Strategy Thesis The thesis driving 361 s traditional long-only equity strategies is based on the belief that
More informationEquity Investing T. ROWE PRICE S GLOBAL STOCK FUND
FUND SPOTLIGHT November 2017 In-depth analysis and insights to inform your decision-making. Equity Investing T. ROWE PRICE S GLOBAL STOCK FUND David Eiswert Portfolio Manager, Global Stock Fund EXECUTIVE
More information2017 Kerns Capital Management, Inc. July 2017 Investor Presentation
July 2017 Investor Presentation Table of Contents 1. Executive Summary.............. 1.1 History.......... 1.2 Buy/Sell Discipline........ 2. Investment Strategy... 2.1 Assessment and Implementation 2.2
More informationNavellier Defensive Alpha Portfolio Process and results for the quarter ending March 31, 2018
Navellier Defensive Alpha Portfolio Process and results for the quarter ending March 31, 2018 Please see important disclosures at the end of the presentation. NCD-18-18-694 Our Goal The Defensive Alpha
More informationMarket 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
More informationSmart Beta Dashboard. Thoughts at a Glance. January By the SPDR Americas Research Team
By the SPDR Americas Research Team Thoughts at a Glance 2017 marked another year of factor performance shifts. s comeback in the US on the heels of the US election and the potential for a Trump-flation
More informationJENNISON MANAGED ACCOUNTS
JENNISON MANAGED ACCOUNTS A Division of Jennison Associates LLC Large Cap Blend Equity Strategy June 2004 Investment Strategy & Process Large Cap Blend Investment Objective To outperform the S&P 500 Index
More informationAlpha investing the quest for exceptional performance
Alpha investing the quest for exceptional performance The focus on absolute returns, management expertise unleashed United Financial focuses on partnering with investment managers who add value beyond
More informationDividend Growth as a Defensive Equity Strategy August 24, 2012
Dividend Growth as a Defensive Equity Strategy August 24, 2012 Introduction: The Case for Defensive Equity Strategies Most institutional investment committees meet three to four times per year to review
More informationWhy and How to Pick Tactical for Your Portfolio
Why and How to Pick Tactical for Your Portfolio A TACTICAL PRIMER Markets and economies have exhibited characteristics over the past two decades dissimilar to the years which came before. We have experienced
More informationRadius Build Better Portfolios BMO Tactical Dividend ETF Fund Portfolio Manager: Larry Berman, ETF Capital Management
Radius Build Better Portfolios BMO Tactical Dividend ETF Fund Portfolio Manager: Larry Berman, ETF Capital Management About The Manager Firm Profile ETF Capital Management (ETFCM) was founded in 2006 by
More informationTower Square Investment Management LLC Strategic Aggressive
Product Type: Multi-Product Portfolio Headquarters: El Segundo, CA Total Staff: 15 Geography Focus: Global Year Founded: 2012 Investment Professionals: 12 Type of Portfolio: Balanced Total AUM: $1,422
More informationBUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH
BUILDING INVESTMENT PORTFOLIOS WITH AN INNOVATIVE APPROACH Asset Management Services ASSET MANAGEMENT SERVICES WE GO FURTHER When Bob James founded Raymond James in 1962, he established a tradition of
More informationFACTOR INVESTING: Targeting your investment needs. Seek to enhance returns Manage risk Focused outcomes
FACTOR INVESTING: Targeting your investment needs Seek to enhance returns Manage risk Focused outcomes 1 Table of Contents Introduction What is factor investing? How to use factors in a portfolio Fidelity
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details 1 Fund Assets $3,388,790,133.22 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency Fund Codes 2 Series Series F Series F ADM Series
More informationCI MOSAIC ETF PORTFOLIOS
CI MOSAIC ETF PORTFOLIOS Greater access. Greater potential opportunity Successful investing comes down to many things, including access to a broad range of investment options. Historically, mutual funds
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details Fund Assets $3,388,790,133.22 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency CAD Canadian Equity Annually Series Inception Date
More informationWHY EQUITIES NOW? THINGS TO CONSIDER
October 4, 2017 WHY EQUITIES NOW? THINGS TO CONSIDER Scott Krauthamer, CFA, CAIA Managing Director Equities, AB MJ Zayac Director, Institutional Retirement Specialist, AB There is no guarantee that any
More informationTactical 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
More informationFranklin ActiveQuant U.S. Corporate Class
Franklin ActiveQuant U.S. Corporate Class Product Profile Product Details 1 Fund Assets $87,816,321.02 Fund Inception Date 03/03/2008 Base Currency Morningstar Category Distribution Frequency CAD US Equity
More informationThe AdvisorShares Dorsey Wright ADR ETF. Ticker: AADR.
The AdvisorShares Dorsey Wright ADR ETF Ticker: AADR 1 Table of Contents About Dorsey Wright & Associates...3 About Relative Strength....4 About ADRs.......5 Investment Strategy Overview...6 Investment
More informationGLOBAL LARGE CAP QUALITY GROWTH CAD
STRATEGY PROFILE Q4 2018 GLOBAL LARGE CAP QUALITY GROWTH CAD INCEPTION: October 1992 1 BENCHMARK: MSCI World Total Return Index STRATEGY ASSETS: C$ 7,464 million LEAD PORTFOLIO MANAGER: Paul Musson, CFA
More informationrationalfunds Dividend Capture Fund HDCAX HDCEX HDCTX For Institutional Use Only Not For Retail Distribution
rationalfunds HDCAX HDCEX HDCTX For Institutional Use Only Not For Retail Distribution DISCLOSURES Investors should carefully consider the investment objectives, risks, charges and expenses of the Rational
More informationIvy Through the Cycles
Ivy Through the Cycles Paul Musson, Team Lead, Mackenzie Ivy investment team Staying the course Key Takeaways Mackenzie Ivy Foreign Equity Fund outperformed the benchmark in all 4 market cycles since the
More informationManaged Accounts Available at Charles Schwab & Co., Inc. Investment Strategy: U.S. Trust Focused Large Cap Growth Investment Style: Large Cap Growth
Managed Accounts Available at Charles Schwab & Co., Inc. Investment Strategy: U.S. Trust Investment Style: Large Cap Growth All information as of December 31, 2006 The management team seeks outstanding
More informationInvesting in Small Cap Equities. Great Lakes Advisors
Investing in Small Cap Equities Great Lakes Advisors Information as of June 30, 2012 What is a Small Cap Stock? 2 Flagship Product Big Mac SuperSONIC Cheeseburger # Locations 31,000 3,561 # of employees
More informationFranklin Bissett Canadian Equity Fund
Product Profile Product Details Fund Assets $3,329,185,070.09 Fund Inception Date 03/01/1983 Base Currency Morningstar Category Distribution Frequency Risk Classification 1 Low Low to Medium Medium Medium
More informationDIVERSIFICATION BY DESIGN
Legg Mason US Diversified Core ETF (Ticker: UDBI) Legg Mason Developed Ex-US Diversified Core ETF (Ticker: DDBI) Legg Mason Emerging Markets Diversified Core ETF (Ticker: EDBI) DIVERSIFICATION BY DESIGN
More informationEXPERT SERIES STRATEGIC BETA IN EMERGING MARKETS
NOVEMBER 2016 EXPERT SERIES STRATEGIC BETA IN EMERGING MARKETS Highlights There is an opportunity for investors in EM to implement a rules-based investment process that reflects the systemization of alpha
More informationFranklin Bissett Small Cap Fund
Product Profile Product Details 1,2 Fund Assets $504,844,321.76 Fund Inception Date 08/30/1993 Number of Issuers 42 Base Currency CAD Morningstar Category - Distribution Frequency Annually Inception Date
More informationSelect 40i60e Managed Portfolio. Portfolio Review First Quarter 2018
Select 40i60e Managed Portfolio Portfolio Review First Quarter 2018 Q1 Portfolio Review First Quarter 2018 as at March 31, 2018 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years
More informationExplore your options. 440 COVERED CALL & COLLAR STRATEGIES
Explore your options. 440 COVERED CALL & COLLAR STRATEGIES 440 Investment Group 2017 440 Investment Group Mariner Holdings Mariner brings together diverse teams of experienced wealth advisory, specialty
More informationTACTICAL DIVIDEND INCOME
TACTICAL DIVIDEND INCOME THE PROBLEM WITH BUY & HOLD WBI does not stand for We Beat Indexes ; it stands for Wealth Builders, Inc. At WBI, we believe preserving capital to unleash the powerful benefits
More informationFidelity Small Cap Enhanced Index Fund
Fidelity Small Cap Enhanced Index Fund Key Takeaways For the semiannual reporting period ending August 31, 2018, the fund rose 13.75%, trailing the 15.84% gain of the Russell 2000 Index. For the past six
More informationTHE PROBLEM WITH BUY & HOLD
RETIREMENT INCOME THE PROBLEM WITH BUY & HOLD WBI does not stand for We Beat Indexes ; it stands for Wealth Builders, Inc. At WBI, we believe preserving capital to unleash the powerful benefits of compounding
More informationACM Dynamic Opportunity Fund
ACM Dynamic Opportunity Fund Style: Managed Risk Institutional - ADOIX Retail (NTF) - ADOAX Available on most major custodians Investment Aim We strive to actively participate during a rising market environment
More informationMACKENZIE Q GLOBAL LARGE CAP QUALITY GROWTH CONSTRAINED USD. Initial Filters. Screening. Fundamental Analysis. Fundamental Analysis II
STRATEGY PROFILE INCEPTION: September 2012 1 BENCHMARK: MSCI World Total Return Index STRATEGY ASSETS: US$ 365 million LEAD PORTFOLIO MANAGER: Paul Musson, CFA STRATEGY OVERVIEW We seek to provide long-term
More informationSeeking higher returns or lower risk through ETFs
Seeking higher returns or lower risk through ETFs BROUGHT TO YOU BY: Contents Seeking higher returns or lower risk through ETFs Factors and the rise of smart beta Reducing risk through smart beta strategies
More informationProfile: QMA MC Quant IMA (S40)
Profile: QMA MC Quant IMA (S40) Profile Issued 12/09 Asset Class and Fund Objective: Fund Type: Index or Active Strategy: Management Type: Core broad U.S. stock fund, focusing on companies of all sizes
More informationNavellier Defensive Alpha Portfolio
Navellier Defensive Alpha Portfolio Process and results for the quarter ending December 31, 2014 Please see important disclosures at the end of the presentation NCD 15 281 NAVELLIER.COM 800.887.8671 Our
More informationCIBC EXCHANGE TRADED FUNDS. Strategic, low-cost solutions for your investment portfolio
CIBC EXCHANGE TRADED FUNDS Strategic, low-cost solutions for your investment portfolio Why Consider ETFs? Similar to mutual funds, exchange traded funds (ETFs) provide an easy-to-use, low-cost way to invest
More informationThe benefits of core-satellite investing
The benefits of core-satellite investing Contents 1 Core-satellite: A powerful investment approach 3 The key benefits of indexing the portfolio s core 6 Core-satellite methodology Core-satellite: A powerful
More informationWorld Selection Portfolio
World Selection Portfolio Access to the world s leading investment managers The World Selection Portfolio service leverages the expert capabilities and guidance of portfolio managers at HSBC, and from
More informationMarch 9, 2017 PORTFOLIO PROTECTION TECHNIQUES By Mike Halloran, CFA Investment Strategist
March 9, 2017 PORTFOLIO PROTECTION TECHNIQUES By Mike Halloran, CFA Investment Strategist The stock market has been on a historic run higher since last fall. The good news is that global economic growth
More informationTACTICAL INVESTMENT STRATEGIES TRADE DECISIONS AND RATIONALE December 5, 2017
EQUITY TICKER ACTION QA Global Equity QA International Equity QA US Equity QA US Sector ishares U.S. Technology ETF IYW Trimmed QA Global Style The information provided in this report should not be considered
More informationFocus 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
More informationTACTICAL DIVIDEND GROWTH
TACTICAL DIVIDEND GROWTH THE PROBLEM WITH BUY & HOLD WBI does not stand for We Beat Indexes ; it stands for Wealth Builders, Inc. At WBI, we believe preserving capital to unleash the powerful benefits
More informationSocially Responsible Personal Strategy GO TO TO LEARN MORE ABOUT OUR FREE FINANCIAL TOOLS
Socially Responsible Personal Strategy GO TO WWW.PERSONALCAPITAL.COM TO LEARN MORE ABOUT OUR FREE FINANCIAL TOOLS What is socially responsible investing? This is a very broad and somewhat subjective concept.
More informationVoya Large Cap Growth Strategy
Separately Managed Account I For Quarter Ending June 3, 18 I Strategy Brief I 2Q 18 Voya Large Cap Growth Strategy Strategy-At-A-Glance Objective 1 Inception Date Benchmark Vehicles To outperform the Russell
More informationPortfolio Construction Including ETFs: Impressive Opportunities and Clear Benefits
Portfolio Construction Including ETFs: Impressive Opportunities and Clear Benefits Rohit Mehta Executive Vice-President, Distribution & Strategy First Asset Investment Management, Inc. ETF AUM over the
More informationFranklin European Small Mid Cap Growth Fund
Franklin Templeton Investment Funds Franklin European Small Mid Cap Growth Fund Core Growth Fund Profile Fund Details Inception Date 3 December 2001 Investment Style Benchmark(s) Core Growth MSCI Europe
More informationSmart Beta ETFs: 3 ways to address investor needs
Smart Beta ETFs: 3 ways to address investor needs Help achieve investor goals with smart beta ETFs This guide highlights three ways investors are using ishares smart beta ETFs: 1 Lower volatility can help
More informationDoes 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
More informationCapital Idea: Expect More From the Core.
SM Capital Idea: Expect More From the Core. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. Core equity strategies, such
More informationFocus 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
More informationPVG ASSET M ANAGEMENT L OSS A VERSE I NVESTING WWW. PVGASSETMANAGEMENT. COM CORE EQUITY
PVG ASSET M ANAGEMENT L OSS A VERSE I NVESTING WWW. PVGASSETMANAGEMENT. COM CORE EQUITY MARKET CYCLE OVERVIEW PVG has coined the phrase, Loss Averse Investing to best describe the approach of preserving
More informationConcentrated Equity Alpha Strategy
Concentrated Equity Alpha Strategy I. Overview "We believe a company s value depends on its long-term ability to generate cash, which in turn, can fund growth, stock repurchases and dividends." Firm Overview
More informationConcentrated Equity Alpha Strategy
Concentrated Equity Alpha Strategy I. Overview "We believe a company s value depends on its long-term ability to generate cash, which in turn, can fund growth, stock repurchases and dividends." Firm Overview
More informationFirst Trust AlphaDEX Family of ETFs Fundamentally Different
First Trust AlphaDEX Family of ETFs Fundamentally Different Dan Waldron ETF Strategist, Sr. Vice President First Trust ETF Assets $32,000,000,000 $28,000,000,000 $24,000,000,000 $20,000,000,000 AlphaDEX
More informationETF Research: Understanding Smart Beta KNOW Characteristics: Finding the Right Factors Research compiled by Michael Venuto, CIO
ETF Research: Understanding Smart Beta KNOW Characteristics: Finding the Right Factors Research compiled by Michael Venuto, CIO In this paper we will explore the evolution of smart beta investing through
More informationExplore your options. 440 COVERED CALL & COLLAR STRATEGIES
Explore your options. 440 COVERED CALL & COLLAR STRATEGIES 440 Investment Group 2018 440 Investment Group Mariner Holdings Mariner brings together diverse teams of experienced wealth advisory, specialty
More informationTower Square Investment Management LLC Strategic Plus Moderate
Product Type: Multi-Product Portfolio Headquarters: El Segundo, CA Total Staff: 15 Geography Focus: Global Year Founded: 2012 Investment Professionals: 12 Type of Portfolio: Balanced Total AUM: $1,422
More informationFidelity U.S. Dividend Investment Trust
Fidelity U.S. Dividend Investment Trust Annual Management Report of Fund Performance June 30, 2017 Caution Regarding Forward-looking Statements Certain portions of this report, including, but not limited
More informationSelect 20i80e Managed Portfolio Corporate Class. Portfolio Review Third Quarter 2018
Portfolio Review Third Quarter 2018 Q3 Portfolio Performance (Class F) 1 Month 3 Months 6 Months 1 Year 3 Years 5 Years 10 Years Since Inception (November 2006) -0.8% 1.2% 2.8% 4.5% 6.9% 7.6% 7.5% 4.6%
More informationTactical 2xStocks-Bonds Strategy
Tactical 2xStocks-Bonds Strategy FACT SHEET - December 31, 2017 60 State Street, Suite 700 Boston, Massachusetts 02109 team@modelcapital.com 617-854-7417 modelcapital.com For advisor use only. Not for
More informationFocus 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
More information1607 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:
More informationFidelity Large Cap Growth Enhanced Index Fund
Fidelity Large Cap Growth Enhanced Index Fund Key Takeaways The fund gained 7.04% for the six months ending August 3, 207 the period since our last annual report lagging the 0.69% increase in the benchmark
More informationFactor Dashboard June A monthly recap of factor trends In this report: Factor in focus: Dividend yield rebounds.
Factor Dashboard June 2018 A monthly recap of factor trends In this report: Factor in focus: rebounds Factor snapshot Factors by funds Factor implementation Factor DNA Not FDIC Insured May Lose No Bank
More informationStock Market Expected Returns Page 2. Stock Market Returns Page 3. Investor Returns Page 13. Advisor Returns Page 15
Index Stock Market Expected Returns Page 2 Stock Market Returns Page 3 Investor Returns Page 13 Advisor Returns Page 15 Elections and the Stock Market Page 17 Expected Returns June 2017 Investor Education
More informationEndowment Funds Performance (Year ending Sept 30 th, 2014)
Endowment Funds Performance (Year ending Sept 30 th, 2014) prepared for University Board of Governors (Note: all returns and values are expressed in Canadian Dollars- CAD s) 1 Quarterly Market Overview
More informationLarge Cap Yield Strategy
Large Cap Yield Strategy I. Overview "We believe a company s value depends on its long-term ability to generate cash, which in turn, can fund growth, stock repurchases and dividends." Firm Overview Established
More informationAn Economic Perspective on Dividends
2017 An Economic Perspective on Dividends Table of Contents Corporate Outlook... 1 2 Market Environment... 3 7 Payout Ratio... 8 9 Long-term View...10 12 Global View... 13 16 Active Management... 17 Risk
More informationSmart Beta: Index Investing, Evolved
Franklin LibertyShares TM Topic Paper November 2017 Smart Beta: Index Investing, Evolved Global investing literally and figuratively is foreign to many US investors. That s why some have taken a passive
More informationUser Guide. investmentpro 2018/09/15
User Guide investmentpro 2018/09/15 1 Table of Contents Using Quick Search for Managed Indexed Accounts 3 Using Advanced Search for Managed Indexed Accounts 4 Sorting Your Search Results for Managed Indexed
More informationMODEL WEALTH PORTFOLIOS. focus on. your future. LPL Financial Research
focus on your future LPL Financial Research Your Strategic Partner: LPL Financial Research Our Approach Your investment strategist consists of seasoned and accomplished industry veterans, comprising one
More informationTactical Stocks-Bonds Strategy
Tactical Stocks-Bonds Strategy FACT SHEET December 31, 2017 60 State Street, Suite 700 Boston, Massachusetts 02109 team@modelcapital.com 617-854-7417 http://modelcapital.com/ FIRM S INVESTMENT PHILOSOPHY
More informationPIMCO Global Optima Index
PIMCO Global Optima Index Dynamically Blending Global Equity and U.S. Fixed Income Markets to Help Deliver Upside Growth Potential Issued by American General Life Insurance Company (AGL), an American International
More informationGet active with Vanguard factor ETFs
Get active with Vanguard factor ETFs Factor investing has gained attention in recent years, in part because of the rise of alternatively weighted indexes and smart-beta products. Yet factor investing has
More informationVDC Vanguard Consumer Staples ETF
Vanguard Consumer Staples ETF ETF.com segment: Equity: U.S. Consumer Non-cyclicals Competing ETFs: XLP, IYK, FSTA, PSCC, RHS Related ETF Channels: North America, U.S., Broad-based, Vanilla, Consumer non-cyclicals,
More informationVanguard S&P 500 Index ETF
Annual Management Report of Fund Performance December 31, 2017 Vanguard S&P 500 Index ETF Management Discussion of Fund Performance Investment Objective and Strategies The investment objective of Vanguard
More informationRedefining Indexing: Alternatives to Market-Cap Weighting
Redefining Indexing: Alternatives to Market-Cap Weighting Investors, and the advisors who serve them, are on the lookout for more efficient investment vehicles that have the potential to lower risk and
More informationPortrait Portfolio Funds
Investment Solutions Standard Life Mutual Funds Portrait Portfolio Funds A solution in their image For advisor use only. This document is not intended for public distribution. Expertise of a truly global
More informationPortfolio Management Consultants Supporting Enterprises, Advisors, and their Clients
Portfolio Management Consultants Supporting Enterprises, Advisors, and their Clients Envestnet PMC is the ultimate advisor to the advisor. We offer an objective, unbiased approach to research, coupled
More informationFactor Exposure: Smart Beta ETFs vs Mutual Funds
Factor Exposure: Smart Beta ETFs vs Mutual Funds August 16, 2018 by Nicolas Rabener of FactorResearch SUMMARY Investors can express factor views via smart beta ETFs or mutual funds Some mutual funds offer
More information2018 Annual Management Report of Fund Performance
MD Family of Funds 2018 Annual Management Report of Fund Performance DISCLOSURE This annual management report of fund performance contains financial highlights but does not contain the complete annual
More informationUTILITIES SELECT SECTOR SPDR FUND (XLU)
UTILITIES SELECT SECTOR SPDR FUND (XLU) $53.06 USD Risk: Med Zacks ETF Rank 5 - Strong Sell Fund Type Issuer Benchmark Index Utilities/Infrastructure ETFs STATE STREET GLOBAL ADVISORS UTILITIES SELECT
More informationVoya Target Retirement Fund Series
Voya Target Retirement Fund Series The Target Date Choice to Help Keep Retirement Goals on Track Holistic Retirement Solution Sophisticated Glide Path Design Open Architecture Approach Blend of Active
More informationIMPORTANT ANNOUNCEMENT!
THE WATSON WEALTH MANAGEMENT GROUP 3 NATIONAL BANK FINANCIAL VOLUME 12, ISSUE 1B MARCH 2012 A NEW STYLE FOR OUR NEWSLETTERS IMPORTANT ANNOUNCEMENT! The Portfolio Review Committee at National Bank Financial
More informationBMO Exchange Traded Funds (ETFs)
#ETFsymp @IFAMagazine The ETF evolution Simon Cordery Bank of Montreal For professional investors only BMO Exchange Traded Funds (ETFs) The ETF Evolution June 2016 1 Agenda History Innovation Market growth
More informationHi, everyone. there. should be. We are an this for 28 Louie, our
TRANSCRIPT OF THE TD AMERITRADE WEBINAR January 22, 2015 Hi, everyone. We appreciate you taking time out of your day to join us. My name is Andrew Harris, and I head the national sales team to the advisors.
More informationFor professional investors only. Welcome to BMO Global Asset Management
For professional investors only Welcome to BMO Global Asset Management Welcome In a complex and interconnected world, identifying the right investments can be a daunting task. At BMO Global Asset Management,
More informationRethinking Post Retirement Asset Allocation June 2018
Analyst: Neil Margolis Rethinking Post Retirement Asset Allocation June 218 Investors today face unique and significant challenges, especially in the post retirement phase. Record low interest rates have
More information