Category: Investment Methodology

10
Jul

Sir John Templeton: The Humble Approach

Content Provided by Rusty Vanneman, CFA, CMT – Chief Investment Officer One of the most important days in my development as an investment manager occurred in the spring of 1987. It was during my undergraduate days at Babson College. It was Founder’s Day, which is Babson’s oldest tradition, a day established to recognize the school’s...
29
Jun

Behind the (Research) Curtain

Content provided by Grant Engelbart, CFA, CAIA, Portfolio Manager There are five areas of analysis we utilize to review investment ideas (see our Risk Budgeting White Paper pages 9-10). To help our readers understand these analyses and our investment processes, let’s take a look at a real life example applicable to many, if not all,...
11
Jun

Reason #29 Not to Use Stock-to-Bond Ratios to Manage Risk

Income-Based Portfolios Which portfolio would you expect to be riskier? A or B? Or, put another way, which portfolio would you expect to be more volatile?   Tough call, isn’t it? They both look very similar in terms of stock-to-bond ratios. Let’s call it a wash — they both hold the same risk. How about...
07
Jun

Return Drivers of Commodities

Content Provided by Jackson Lee, CFA, Quantitative Investment Research Analyst “Be Creative” is a new CLS Investment Theme that was introduced the beginning of this quarter. To recap its introduction, “Be Creative” means CLS will add more exposures to asset classes such as alternative and real assets. The benefits of investing in these segments rather...
17
May

Demystifying Liquid Alternatives

Content provided by Grant Engelbart, CFA, CAIA, Portfolio Manager One of our latest investment themes, Be Creative, emphasizes the use of alternative assets in portfolios. Alternatives is a broad and often confusing category of investments that encompasses unique assets, such as commodities, and alternative strategies, often called liquid alternatives, packaged in a systematic way. Some...
16
May

Time to Be Active

Content provided by Michael Hadden, Junior Research Analyst Now that summer is around the corner, I assume it’s safe to say most New Year’s resolutions have fallen to the wayside. For many, myself included, that resolution involved getting to the gym and being more active. And while I haven’t been great at making it to...
21
Mar

DOL Rule: UPDATE

Content provided by Mike Forker, Chief Compliance Officer Late last week, the DOL fiduciary rule was addressed by the courts. Here are the main takeaways you need to know. On Thursday, the Fifth Circuit Court of Appeals issued a decision that vacated the Department of Labor’s (DOL) fiduciary rule.  The ultimate fate of the rule...
23
Feb

Three Reasons Not to Get the Jitters about Market Volatility

Content provided by Joe Smith, CFA, Senior Market Strategist The first quarter of 2018 has so far seen a bout of market volatility that in some ways is long overdue. At the end of January, markets began to move — falling from slightly positive to near-correction territory by early February. Although much of the sell-off...
15
Feb

A Perfectly Natural, Normal Thing

Content provided by Kostya Etus, CFA, Portfolio Manager To quote someone that I’ve learned quite a bit from, you and I are a perfectly natural, normal thing. Perfectly natural. — Jim Levenstein, American Wedding (2003) We knew the historically low levels of volatility couldn’t last forever. It wasn’t normal and bound to end. We experienced...
25
Jan

2017 Markets in Review: Cryptoassets, Market Highs, and Value vs Growth

Content provided by Mark Matthews, Investment Research Analyst While short on market volatility, 2017 suffered no shortage of excitement. Major U.S. indices went on a tear with both the S&P 500 and Dow Jones Industrial Average (DJIA) setting all-time record highs. However, the biggest theme of 2017 was the breakout year in cryptoassets. Cryptoassets took...