Evolving the 60/40 Mentality: A Risk-First Portfolio Approach March 3, 2021
The static approach to risk allocation is showing strain. Financial advisors are finding it harder to balance a client’s risk and return needs. The traditional discussion around the right ratio of equity and fixed income is finding it hard keeping up with an uncertain and ever-changing risk landscape, especially with all markets experiencing extremes in valuation.
In the upcoming webcast,
Evolving the 60/40 Mentality: A Risk-First Portfolio Approach, Robert Kuftinec, Managing Principal, Auour Investments; Joseph Hosler, Managing Principal, Auour Investments; and Matthew Bartolini, Head of SPDR Americas Research, State Street Global Advisors, will highlight the Auour Regime Model, a unique approach to portfolio management that constantly measures the risk profile of the market and blends fundamental investment principles with quantitative analysis to determine which assets to be in and why.
March 3, 2021
Renowned investor Charlie Munger recently suggested today’s speculative market was luring inexperienced individual investors into short-term trading that would ultimately harm their wealth. Mr. Munger has successfully invested through many cycles and his opinions deserve investors’ respect and attention. Instead, his comments were derided as those made by an old guy who does not understand today’s more modern markets.
Everyone should cringe at such ageism not only because it reflects a general underappreciation of the risks associated with investing, but also because history has repeatedly shown short-term trading, especially in popular momentum stocks, does indeed often destroy wealth.
March 3, 2021
Five years ago, I met a really nice guy named Jamie Wise on the conference circuit. Wise had fascinating ideas about scraping public internet chatter about stocks to build an index that tries to ping stocks currently in favor with retail investors, using a bunch of AI and other carefully curated data sources.
I having run a fund that included a lot of thinking about this in the late ’90s that crashed and burned was skeptical. Jamie got a fund launched with Sprott as a partner (which we covered back in the day). The fund did okay but didn’t gain a lot of traction and closed in March 2019. Now it’s back in a new form with partner VanEck. There’s real work here under the hood, and I have no beef with either the idea behind the index or VanEck jumping in. If anything, jumping into something fun and new is very on-brand for VanEck. (See also fallen angel bonds, BDCs, Rare Earth Metals, Agribusiness, Videogames, Bitcoin, Gold miners, etc. Totally on brand.)
The amount of gold held by exchange traded funds (ETFs) fell by 84.7 tonnes worth $4.6 billion in February as rising bond yields reduced interest in bullion, the World Gold Council (WGC) said on Thursday.
ETFs storing gold for shareholders grew rapidly during the coronavirus crisis as investors amassed what they saw as a safe asset and central banks flooded markets with money, lowering bond yields and making non-yielding gold more attractive.
Investor stockpiling drove gold to a record high of $2,072.50 an ounce in August, but prices fell as markets began to anticipate economic recovery and US bond yields rose.
Gold-backed ETFs saw large outflows in November and December and a small inflow in January. By the end of February they held 3,681 tonnes worth $207 billion, the WGC said.
Five travel, leisure, and entertainment ETFs to play the post-pandemic recovery Shirley Won Published March 4, 2021
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Vacationing in Italy’s Tuscany region, gambling in Las Vegas casinos, or taking a luxury Caribbean cruise may not be top of mind for many Canadians still facing lockdowns and travel restrictions amid the COVID-19 pandemic.
But the stock market doesn’t reflect the economy’s overall health. That’s why many travel, leisure, and entertainment stocks – as well as exchange-traded funds (ETFs) focusing on this theme – have rallied from a year ago on bets of a post-pandemic recovery now that a coronavirus vaccine roll-out has begun.