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Around the World with Yusko: The Global Search for Alpha: All Roads Lead to China

Posted by on Feb 17, 2017 in Featured, Market Insight, Morgan Creek

Please join Mark Yusko, CEO and CIO of Morgan Creek Capital Management and Portfolio Manager of the AdvisorShares Morgan Creek Global Tactical ETF (GTAA), on Wednesday, February 22nd at 1:00pm EST/10am PST for Morgan Creek’s latest session of the Around the World with Yusko webinar series. Be sure to attend this upcoming webinar titled, Around the World with Yusko: The Global Search for Alpha: All Roads Lead to China. Viewers may, and are encouraged to, submit questions during the event. If you would like to register for the webinar, please click...

The Blurry Line Between Active & Passive

Posted by on Feb 16, 2017 in ETF Strategist, Featured, Investment Perspective, Market Insight

By Roger Nusbaum, AdvisorShares ETF Strategist   Barron’s had an interesting ‘other voices’ column titled The End Of An Active-Investing Era by Donald Callaghan. Most of the article was about difficulty of outperforming the passive indexes. Active versus passive is not the point of this post, that’s been written about 1000 times, other than to say there are too many real world variables to active versus passive for that to even be the right question. A diversified portfolio likely includes both active and passive vehicles, owning any individual stocks is an active endeavor, certain strategies use passive vehicles in active strategies, an 80 year old client living comfortably off...

Weekly Small Cap Market Review: February 6 – February 10

Posted by on Feb 15, 2017 in Cornerstone Investment Partners, Featured, Small Cap Market Review

By Mark Spatt, CFA, Investment Analyst at Cornerstone Investment Partners, sub-advisor of the AdvisorShares Cornerstone Small Cap ETF (NYSE Arca: SCAP)   It’s February, and I’ll excuse you if you find the financial news, including this newsletter, somewhat one-note at this point. When the White House Press Secretary’s daily press conference serves as must-see TV (while “The Blacklist,” which is a very fun show, languishes unwatched on the DVR), it seems obvious what is driving the market’s daily gyrations. This is particularly true in small cap, an asset class with outsized exposure to changes in regulation, taxes, and domestic economic policies. The small cap market, as defined by the...

US & Japanese Relations: A Sensible Way Forward

Posted by on Feb 14, 2017 in Dennis Gartman, Market Insight

February 13, 2017 Dennis Gartman is editor and publisher of The Gartman Letter, and strategic advisor of the AdvisorShares Gartman Currency Hedged Gold ETFs (GEUR & GYEN). He regularly contributes to AlphaBaskets and lends his institutional insight to educate advisors and investors about commodities and the forex markets, including about trading gold in different currency terms.   The forex market is breathing a sign of collective relief and the dollar is trading quietly on either side of the levels that prevailed and were marked here on Friday following the rather pleasant “summit” meetings over the weekend between Japan’s Prime Minister, Mr. Shinzo Abe, and President Trump. We expand upon...

AdvisorShares Active ETF Market Share Update – Week Ending 2/10/2017

Posted by on Feb 14, 2017 in Active ETF Reports, ETF Strategist, Featured

Assets in actively managed ETFs experienced a net gain of $380 million to reach $31.233 billion in total net assets. The number of active ETFs trading declined by four to 161. Alpha Architect, sponsor of MomentumShares and ValueShares, successfully changed the SEC exemptive of their four ETFs from actively managed to passively managed. While not covered in last week’s active ETF market share update, this change went into effect on February 1st. On the provider level, First Trust grew by $143 million, PIMCO added $121 million and State Street gained $84 million. Aside from the aforementioned change at Alpha Architect, the only other outflows of note came from Guggenheim,...

2/13/17 Macro Update

Posted by on Feb 13, 2017 in Laif Meidell, Macro Update

Please listen to American Wealth Management’s Laif Meidell and Heidi Foster discuss the latest events and trends across the markets in their weekly Macro Update. Mr. Meidell also serves as portfolio manager of the AdvisorShares Meidell Tactical Advantage ETF (NYSE Arca: MATH) and the AdvisorShares Market Adaptive Unconstrained Income ETF (NASDAQ: MAUI).  ...

AdvisorShares Weekly Market Review – Week Ending 2/10/2017

Posted by on Feb 13, 2017 in ETF Strategist, Market Insight

Highlights of the Prior Week Political Volatility? Equities Still Don’t Care   Macro Regardless of anyone’s conservative or liberal beliefs, there has been a lot political volatility since the inauguration but domestic equities continue to chug along with close to record low volatility as evidenced by the low VIX reading and the lack of 1% daily moves in this calendar year. There are technical indicators related to investor bullishness and market breadth that look terrible but for now the market shows no signs of rolling over. Anecdotally we have had several inquiries about whether now is the time to jump out for fear of a large decline. We would...

Turns Out MLPs Are Risky

Posted by on Feb 9, 2017 in ETF Strategist, Market Insight

By Roger Nusbaum, AdvisorShares ETF Strategist   Over the weekend, Barron’s had an interesting article on Master Limited Partnerships (MLPs). What is interesting to is the almost hindsight bias of the risk assumed with MLPs. From the Barron’s article: But lower energy prices are the biggest risk for the MLP bull run. “If investors don’t realize that, they’re missing the forest for the trees,” says Hatfield. It may be difficult to remember, but there was almost no one saying this ten years ago. Since the assets owned by MLPs are mostly pipelines and storage, the price of the underlying doesn’t matter was the general argument. The yields were generous...

Weekly Small Cap Market Review: January 30 – February 3

Posted by on Feb 8, 2017 in Cornerstone Investment Partners, Small Cap Market Review

By Mark Spatt, CFA, Investment Analyst at Cornerstone Investment Partners, sub-advisor of the AdvisorShares Cornerstone Small Cap ETF (NYSE Arca: SCAP)   I write to you from Atlanta, a deflated city. If you shut off the television last Sunday night right after Lady Gaga’s drone-assisted halftime show (with Pepsi as the sponsor, even the drones were against Atlanta), you might have been surprised to see a triumphant Tom Brady on the front page of the newspaper. My on-the-field (or on-the-bench) football career ended after freshman year of high school, but the Falcons seemed to get soft in the second half and played to not lose, versus playing to win....

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The AlphaBaskets blog provides frequent market insight and commentary by AdvisorShares Investments, LLC, created by AdvisorShares and other leading active managers.  AdvisorShares Investments is an SEC-registered investment adviser and the investment adviser to the AdvisorShares actively managed ETFs. The views expressed on AlphaBaskets should not be taken as investment advice or a recommendation for any of the actively managed ETFs advised by AdvisorShares.