THE BLOG

28
Mar

Preparing for Higher Interest Rates

Content provided by Marc Pfeffer, CLS Senior Portfolio Manager On March 19, Janet Yellen gave her first press conference as head of the Federal Reserve.  What ensued was an awkward speech conveying to the markets that short-term interest rates may actually go up sooner than the markets had anticipated.  Stating that rates could go up...
27
Mar

Advisor’s Alpha

Content provided by Kostya Etus, CLS Investment Research Analyst Vanguard has written a revolutionary whitepaper on quantifying the value of an Advisor on portfolio performance. The original, “Vanguard Advisor’s Alpha” introduced in 2001 (a pivotal time for the industry), had outlined how advisors could add value through relationship-oriented services. One of the value-adds was providing...
25
Mar

Behold the Power of Credit Cards

Content provided by Michele Prell, CLS New Business Manager How many of you remember going off to college and receiving your first credit card application in the mail? Opening it, filling it out, and getting that first powerful piece of plastic. It was one of the most liberating feelings, for me at least. That is...
20
Mar

Weather and Markets

Content provided by Steve Donahoe, CFA, CLS Senior Portfolio Manager Recently, I spent some time in the San Jose area presenting at a couple client events. In that part of the country, the grass was green and the flowers were blooming, which is a treat for everyone any time, but it is especially enjoyable for...
19
Mar

2014: The Year of the Diversified Portfolio

Content provided by Sierra Morris, CLS Junior Investment Research Analyst 2013 was the year of the domestic bull, with all other asset classes falling short and leading investors to wonder why they should bother allocating money to underperforming asset classes such as bonds, international stocks, and emerging markets. While it is true that an entirely...
18
Mar

CLS Morningstar Ranking – Top 4%

Content provided by J.J. Schenkelberg, CFA, CLS Senior Portfolio Manager Each quarter Morningstar publishes a report entitled the Morningstar ETF Landscape Report.  The report tracks 648 ETF strategies from 153 firms on a regular basis. The CLS Aggressive ETF model ranks in the top 4%1 for its 5-Year performance as of December 31, 2013, with...
14
Mar

Despite Recent Performance, Stay Diversified

Content provided by Josh Jenkins, CLS Investment Research Analyst With such strong performance in stocks as of late, it is easy for investors to begin questioning the need for diversification within their portfolios. Recent headlines have even popularized the passing of the fifth year of the current equity bull market that began on March 9,...
13
Mar

Innovative Proposals for Active ETFs

Content Provided by Rui Wang, CFA, CLS Investment Research Analyst As the ETF industry keeps booming, more and more traditional asset managers  are lured into this business. Unlike index-based ETFs, these asset managers are intended to offer their active management specialty to clients by launching active ETFs. One of the biggest obstacles for asset managers...
11
Mar

Q & A with CLS Portfolio Managers

How worried should investors be about the tension in Ukraine and Russia? Scott Kubie, CFA, CLS Chief Strategist The overthrow of the pro-Russian government in Ukraine and the subsequent intervention by Russia in select parts of Ukraine has been unsettling. I believe the events should worry investors a little, but not too much for the...
07
Mar

Value Investing 101 from Graham to Buffett

Content provided by Kostya Etus, CLS Investment Research Analyst I read a couple articles recently from The Wall Street Journal and CNBC about the basics of value investing. They described stories and research from some of the greatest value investors in history including Benjamin Graham, as well as Graham’s most prized pupil, Warren Buffett. I...